South Africa Machine Condition Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional 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)

Code: TIPRE00023981 | Pages: 173 | Industry: Electronics and Semiconductor | Date: Jul 2021 | Type: Regional

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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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

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Machine Condition Monitoring Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        South Africa – PEST Analysis

4.3         Ecosystem Analysis

5.           Machine Condition Monitoring Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Demand for Automated Solutions in Manufacturing Facilities

5.1.2        Accentuating Awareness among End Users

5.2         Market Restraint

5.2.1        Maintenance and Lifespan of Machine Condition Monitoring Systems

5.3         Market Opportunities

5.3.1        Increasing Adoption of Wireless Technologies

5.4         Future Trends

5.4.1        Embedded Sensors and Smart Wireless Communication to Revolutionize the Market

5.5         Impact Analysis of Drivers and Restraint

6.           Machine Condition Monitoring Market – South Africa Analysis

6.1         Machine Condition Monitoring Market Overview

6.2         South Africa Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

6.3         Market Positioning

7.           Machine Condition Monitoring Market Analysis –  By Monitoring Technique

7.1         Overview

7.2         Machine Condition Monitoring Market, By Monitoring Technique (2020 and 2028)

7.3         Vibration Monitoring

7.3.1        Overview

7.3.2        Vibration Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Thermography

7.4.1        Thermography: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Oil Analysis

7.5.1        Oil Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Corrosion Monitoring

7.6.1        Corrosion Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

7.7         Ultrasound Emission

7.7.1        Ultrasound Emission: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

7.8         Motor Current Analysis

7.8.1        Motor Current Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.           Machine Condition Monitoring Market Analysis –  By Offering

8.1         Overview

8.2         Machine Condition Monitoring Market, By Offering (2020 and 2028)

8.3         Hardware

8.3.1        Overview

8.3.2        Hardware: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.3        Vibration Sensors

8.3.3.1          Vibration Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.4        Proximity Probes

8.3.4.1          Proximity Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.5        Tachometer

8.3.5.1          Tachometer: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.6        Infrared Sensors

8.3.6.1          Infrared Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.7        Spectrometer

8.3.7.1          Spectrometer: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.8        Ultrasound Detectors

8.3.8.1          Ultrasound Detectors: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.9        Corrosion Probes

8.3.9.1          Corrosion Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.10     Others

8.3.10.1       Others: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Software

8.4.1        Software: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.4.2        Data Integrator

8.4.3        Diagnosis Reporting

8.4.4        Order Tracking Analysis

8.4.5        Parameter Calculation

9.           Machine Condition Monitoring Market Analysis –  By Deployment Type

9.1         Overview

9.2         Machine Condition Monitoring Market, By Deployment Type (2020 and 2028)

9.3         Cloud

9.3.1        Overview

9.3.2        Cloud: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

9.4         On-Premise

9.4.1        Overview

9.4.2        On-Premise: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

10.        Machine Condition Monitoring Market Analysis –  By Monitoring Process

10.1      Overview

10.2      Machine Condition Monitoring Market, By Monitoring Process (2020 and 2028)

10.3      Online Condition Monitoring

10.3.1     Overview

10.3.2     Online Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

10.4      Portable Condition Monitoring

10.4.1     Overview

10.4.2     Portable Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

11.        Machine Condition Monitoring Market Analysis –  By End User

11.1      Overview

11.2      Machine Condition Monitoring Market, By End User (2020 and 2028)

11.3      Oil & Gas

11.3.1     Overview

11.3.2     Oil & Gas: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

11.4      Power Generation

11.4.1     Overview

11.4.2     Power Generation: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

11.5      Automotive

11.5.1     Overview

11.5.2     Automotive: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

11.6      Aerospace & Defense

11.6.1     Overview

11.6.2     Aerospace & Defense: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

11.7      Transportation/Rail

11.7.1     Overview

11.7.2     Transportation/Rail: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

11.8      Food & Beverage

11.8.1     Overview

11.8.2     Food & Beverage: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

11.9      Manufacturing

11.9.1     Overview

11.9.2     Manufacturing: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

11.10   Others

11.10.1  Overview

11.10.2  Others: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

12.        Impact of Coronavirus Outbreak

12.1      Impact of COVID-19 Pandemic on South Africa Machine Condition Monitoring Market

13.        Industry Landscape

13.1      Product & Service Launch

13.2      Partnership

13.3      Merger & Acquisition

13.4      Expansion

13.5      Business Planning and Strategy

14.        Company Profiles

14.1      Honeywell International Inc.

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      Schaeffler Technologies AG & Co. KG

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products and Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      General Electric Company

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      Rockwell Automation, Inc.

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      SKF

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      ALS Limited

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products and Services

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      National Instruments Corporation

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      MARTEC

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

14.9      Machine Condition Monitoring (Pty) Ltd

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

14.9.6     Key Developments

14.10   QUILL

14.10.1  Key Facts

14.10.2  Business Description

14.10.3  Products and Services

14.10.4  Financial Overview

14.10.5  SWOT Analysis

14.10.6  Key Developments

15.        Appendix

15.1      About The Insight Partners

15.2      Word Index

 


LIST OF TABLES

Table 1.             Machine Condition Monitoring Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             Machine Condition Monitoring Market Revenue and Forecast to 2028 (US$ Million)– Monitoring Technique

Table 3.             Machine Condition Monitoring Market Revenue and Forecast to 2028 (US$ Million)– Offering

Table 4.             Machine Condition Monitoring Market Revenue and Forecast to 2028 (US$ Million)– Deployment Type

Table 5.             Machine Condition Monitoring Market Revenue and Forecast to 2028 (US$ Million)– Monitoring Process

Table 6.             Machine Condition Monitoring Market Revenue and Forecast to 2028 (US$ Million)– End User

Table 7.             List of Abbreviation

 


LIST OF FIGURES

Figure 1.           Machine Condition Monitoring Market Segmentation

Figure 2.           South Africa Machine Condition Monitoring Market Overview

Figure 3.           Machine Condition Monitoring Market, By Monitoring Technique

Figure 4.           Machine Condition Monitoring Market, By Offering

Figure 5.           Machine Condition Monitoring Market, By End-User

Figure 6.           South Africa – PEST Analysis

Figure 7.           Machine Condition Monitoring Market – Ecosystem Analysis

Figure 8.           Machine Condition Monitoring Market: Impact Analysis of Drivers and Restraint

Figure 9.           Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Machine Condition Monitoring Market Revenue Share, by Monitoring Technique (2020 and 2028)

Figure 11.        Vibration Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Thermography: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Oil Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Corrosion Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Ultrasound Emission: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Motor Current Analysis: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Machine Condition Monitoring Market Revenue Share, by Offering (2020 and 2028)

Figure 18.        Hardware: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Vibration Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Proximity Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Tachometer: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Infrared Sensors: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Spectrometer: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Ultrasound Detectors: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Corrosion Probes: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Others: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Software: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Machine Condition Monitoring Market Revenue Share, by Deployment Type (2020 and 2028)

Figure 29.        Cloud: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        On-Premise: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Machine Condition Monitoring Market Revenue Share, by Monitoring Process (2020 and 2028)

Figure 32.        Online Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Portable Condition Monitoring: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Machine Condition Monitoring Market Revenue Share, by End User (2020 and 2028)

Figure 35.        Oil & Gas: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36.        Power Generation: Machine Condition Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        Automotive: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

Figure 38.        Aerospace & Defense: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

Figure 39.        Transportation/Rail: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

Figure 40.        Food & Beverage: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

Figure 41.        Manufacturing: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

Figure 42.        Others: Machine Condition Monitoring Market –Revenue and Forecast to 2028 (US$ Million)

Figure 43.        Impact of COVID-19 Pandemic on 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
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