South Africa Machine Condition Monitoring Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Monitoring Technique (Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission, and Motor Current Analysis), Offering (Hardware and Software), Deployment Type (On Premise and Cloud), Monitoring Process (Online Condition Monitoring and Portable Condition Monitoring), and End User (Oil & Gas, Power Generation, Automotive, Aerospace & Defense, Transportation/Rail, Food & Beverage, Manufacturing, and Others)


No. of Pages: 173    |    Report Code: TIPRE00023981    |    Category: Electronics and Semiconductor

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South Africa Machine Condition Monitoring Market
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Market Introduction

The usage of condition monitoring solutions enables manufacturers and maintenance staff to easily identify the problem in a machine and act according to the intensity of the issue. This reduces the time associated with the identification of the issue manually, also the downtime cost, thereby resulting in optimized productivity. The industrial sector across the country is heavily emphasizing on condition monitoring and diagnostics within respective manufacturing facilities to determine critical parameters such as vibration, noise, and temperature. Continuous monitoring of machines using advanced technologies facilitates the manufacturers to increase their productivity and gain profit. The growing demand for condition monitoring solutions across industries is throttling the growth of machine condition monitoring market.

The key stakeholders in the machine condition monitoring market are manufacturers, software providers, system integrators, and end users. The market players offer various types of machine condition monitoring hardware to their customers and are highly focused on expanding their customer base by providing innovative machine condition monitoring solutions. The key players in the machine condition monitoring market are SKF Rockwell Automation, Machine Condition Monitoring (PTY) LTD, Schaeffler AG, and General Electric, among others. The software providers offer seamless, user-friendly, and robust software for parameter calculation, order tracking analysis, data integration, and diagnostic reporting. The software providers offer a suite of programs or functions into one software for analysis of monitored or diagnosed parameters. The end-users of the machine condition monitoring market procure various monitoring techniques with an objective to analyze and optimize the machinery’s health. Some of the end users of machine condition monitoring include aerospace & defense, power generation sector, automotive industry, oil & gas industry, and manufacturing sector, among others.


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South Africa Machine Condition Monitoring Strategic Insights

Strategic insights for the South Africa Machine Condition Monitoring provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South Africa Machine Condition Monitoring Report Scope

Report Attribute Details
Market size in 2021 US$ 26.51 Million
Market Size by 2028 US$ 33.25 Million
Global CAGR (2021 - 2028) 3.3%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Monitoring Technique
  • Vibration Monitoring
  • Thermography
  • Oil Analysis
  • Corrosion Monitoring
  • Ultrasound Emission
  • Motor Current Analysis
By Offering
  • Hardware and Software
By Deployment Type
  • On Premise and Cloud
By Monitoring Process
  • Online Condition Monitoring and Portable Condition Monitoring
By End User
  • Oil & Gas
  • Power Generation
  • Automotive
  • Aerospace & Defense
  • Transportation/Rail
  • Food & Beverage
  • Manufacturing
Regions and Countries Covered South Africa
  • South Africa
Market leaders and key company profiles
  • Honeywell International Inc.
  • Schaeffler Technologies AG & Co. KG
  • General Electric Company
  • Rockwell Automation, Inc.
  • SKF
  • ALS Limited
  • National Instruments Corporation
  • MARTEC
  • Machine Condition Monitoring (Pty) Ltd.
  • Quill
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    South Africa Machine Condition Monitoring Regional Insights

    The geographic scope of the South Africa Machine Condition Monitoring refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Market Overview and Dynamics
                  

    The South Africa machine condition monitoring market was valued at US$ 26.51 million in 2021 and is expected to grow at a CAGR of 3.3% during the forecast period of 2021 to 2028 to reach US$ 33.25 million by 2028.

    The automated solutions such as condition monitoring facilitate the end users with the ability to detect any faults in a machine during its operation or in an idle mode. The modern-day machinery operates with the help of numerous smaller components, which sometimes cause excessive vibrations, noise, thermal issues, and corrosion, which can lead to system failure in case the faults remain undetected for a longer period. The condition monitoring solutions identify the faults at an early stage, which facilitates the maintenance staff to prioritize the repair and overhauling task. This ultimately reduces downtime costs and improves productivity. Therefore, the increasing demand for automated solutions in manufacturing facilities is projected to increase the machine condition monitoring market.

    The machine condition monitoring systems have a comparatively longer lifespan with proper maintenance. The longer lifespan reflects stagnation in the procurement of the same without the incorporation of new machinery. This restricts the procurement of machine condition monitoring systems. Thus, a longer lifespan is expected to saturate the procurement rate, which is expected to hamper the growth of the machine condition monitoring market.

    Key Market Segments

    Based on monitoring technique, in 2021, the vibration monitoring segment held the largest share of the South Africa machine condition monitoring market. Vibration monitoring is usually the key element of most condition-based maintenance programs. Vibration monitoring cannot deliver all the information required for an effective condition-based maintenance program. On the other hand, thermography helps in identifying and analyzing thermal anomalies for the determination of machine condition monitoring. These thermal anomalies are generally due to inadequate lubrication, worn components, misalignment, or mechanical loading anomalies. Infrared thermography is an optimum technology to examine thermal anomalies on machines as it provides comprehensive thermal images of a machine or its component with no physical attachments, involves minor set up, and delivers the results in a short time

    In terms of offering, the hardware segment contributed a substantial share in 2021. The hardware manufacturers strive hard to innovate and develop robust sensors and other systems that facilitate the end users to analyze the health of machinery remotely. The different types of hardware offered by the manufacturers include vibration sensors, proximity probes, tachometer, infrared sensors, spectrometer, ultrasound detectors, corrosion probe, and others. On the other hand, the software providers offer robust software that helps the end users with an analysis of the faulty components, which then facilitates the end users to prioritize the maintenance of the components.

    Based on end users, in 2021, the oil & gas segment held the largest share of the South Africa machine condition monitoring market. The demand for machine condition monitoring solutions is escalating among several industries as these solutions enable the manufacturers and maintenance staff to analyze the functionality of machines regularly. The condition monitoring solutions also helps industries to reduce downtime cost associated with failure of machines and the risk related to the loss of productivity. The industries using rotating machines use condition monitoring solutions, which facilitate them with improved safety of the machines and increased productivity.

    Major Sources and Companies Listed

    A few of the major primary and secondary sources referred to while preparing this report on the South Africa machine condition monitoring market are company websites, annual reports, financial reports, national government documents, and statistical database. Major companies listed in the machine condition monitoring market report are Schaeffler Technologies AG & Co. KG; General Electric; MARTEC; Machine Condition Monitoring (Pty) Ltd; Rockwell Automation, Inc.; SKF; Quill; ALS Limited; and National Instruments Corporation.

    Reasons to Buy Report

    • To understand the South Africa machine condition monitoring market landscape and identify market segments that are most likely to guarantee a strong return
    • To stay ahead of the race by comprehending the ever-changing competitive landscape for the market
    • To efficiently plan M&A and partnership deals in the market by identifying market segments with the most promising probable sales
    • To make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the market
    • To obtain the South Africa machine condition monitoring market revenue forecast by various segments from 2021–2028

    By Monitoring Techniques

    • Vibration Monitoring
    • Thermography
    • Oil Analysis
    • Corrosion Monitoring
    • Ultrasound Emission
    • Motor Current Analysis

    By

    Offering

    • Hardware
    • Software

    By Deployment Type

    • On-Premise
    • Cloud    

    By

    Monitoring Process

    • Online Condition Monitoring
    • Portable Condition Monitoring

    By End User

    • Oil & Gas
    • Power Generation
    • Automotive
    • Aerospace & Defense
    • Transportation/Rail
    • Food & Beverage
    • Manufacturing
    • Others

    Companies Mentioned

    • Honeywell International Inc.
    • Schaeffler Technologies AG & Co. KG
    • General Electric Company
    • Rockwell Automation, Inc.
    • SKF
    • ALS Limited
    • National Instruments Corporation
    • MARTEC
    • Machine Condition Monitoring (Pty) Ltd.
    • Quill

    The List of Companies - South Africa Machine Condition Monitoring Market

    The List of Companies - South Africa Machine Condition Monitoring Market 

    1. Honeywell International Inc.
    2. Schaeffler Technologies AG & Co. KG
    3. General Electric Company
    4. Rockwell Automation, Inc.
    5. SKF
    6. ALS Limited
    7. National Instruments Corporation
    8. MARTEC
    9. Machine Condition Monitoring (Pty) Ltd.
    10. Quill
    Frequently Asked Questions
    How big is the South Africa Machine Condition Monitoring Market?

    The South Africa Machine Condition Monitoring Market is valued at US$ 26.51 Million in 2021, it is projected to reach US$ 33.25 Million by 2028.

    What is the CAGR for South Africa Machine Condition Monitoring Market by (2021 - 2028)?

    As per our report South Africa Machine Condition Monitoring Market, the market size is valued at US$ 26.51 Million in 2021, projecting it to reach US$ 33.25 Million by 2028. This translates to a CAGR of approximately 3.3% during the forecast period.

    What segments are covered in this report?

    The South Africa Machine Condition Monitoring Market report typically cover these key segments-

    • Monitoring Technique (Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission, Motor Current Analysis)
    • Offering (Hardware and Software)
    • Deployment Type (On Premise and Cloud)
    • Monitoring Process (Online Condition Monitoring and Portable Condition Monitoring)
    • End User (Oil & Gas, Power Generation, Automotive, Aerospace & Defense, Transportation/Rail, Food & Beverage, Manufacturing)

    What is the historic period, base year, and forecast period taken for South Africa Machine Condition Monitoring Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South Africa Machine Condition Monitoring Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in South Africa Machine Condition Monitoring Market?

    The South Africa Machine Condition Monitoring Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Honeywell International Inc.
  • Schaeffler Technologies AG & Co. KG
  • General Electric Company
  • Rockwell Automation, Inc.
  • SKF
  • ALS Limited
  • National Instruments Corporation
  • MARTEC
  • Machine Condition Monitoring (Pty) Ltd.
  • Quill
  • Who should buy this report?

    The South Africa Machine Condition Monitoring Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the South Africa Machine Condition Monitoring Market value chain can benefit from the information contained in a comprehensive market report.

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