The Asia Pacific Machine Condition Monitoring Market would witness market growth of 7.8% CAGR during the forecast period (2022-2028).
Vibration measurements are frequently used to detect potential defects in rotating machinery. As a result, vibration monitoring is among the most effective methods for detecting growing defects. Imbalance, bearing wear, misalignment, and other mechanical problems such as worn or twisted shafts are among them. Vibration levels rise as a result of this. Vibration sensors detect changes and notify plant operators when they become excessive. As a result, it may collect and analyze information from these readings.
Equipment wears out and becomes obsolete. Condition monitoring systems capture operational data from essential mechanical components while they are in use, identifying possible problems early and communicating that data in a usable format. Maintenance managers and supervisors can schedule repairs within routine maintenance cycles, avoiding costly shutdowns, reducing parts inventories, and increasing overall productivity with a condition monitoring system.
China is implementing new programs to promote a variety of specialty markets and industry businesses. Experts and industry insiders believe that such policy actions would assist improve and stabilizing the country's production and supply chain, benefiting both the Chinese and other economies in the post-COVID-19 future.
Six ministries including commerce, manufacturing and information systems, and science and technology released a joint guideline earlier this month on stepping up efforts to grow the country's manufacturing sector. According to the guideline, China will try to nurture 10,000 small big businesses with significant growth potential, innovative technologies, and strong competitive market advantage by 2025.
China's government has spent billions of dollars to start airlines, build and improve airports, create domestic production skills, train new pilots, and expand domestic maintenance capacity. China is the largest foreign market for American aerospace products, with $17.7 billion in exports to China in 2018, accounting for half of China's total aerospace imports. China's civil aircraft transportation turnover surpassed 121 billion ton-kilometers in 2018, with 610 million passengers traveling. The new deployment of the initiatives in these regions would drive the growth of the machine condition monitoring in this region.
The China market dominated the Asia Pacific Machine Condition Monitoring Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $430.7 million by 2028. The Japan market is poised to grow at a CAGR of 7.2% during (2022 - 2028). Additionally, The India market would dispaly a CAGR of 8.5% during (2022 - 2028).
Based on Offering, the market is segmented into Hardware and Software. Based on Monitoring Technique, the market is segmented into Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission Monitoring, and Others. Based on Industry, the market is segmented into Power Generation, Metals & Mining, Aerospace & Marine, Automotive, Oil & Gas, Food & Beverages, Chemicals, and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Monitoring Process, the market is segmented into Online Condition Monitoring and Portable Condition Monitoring. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Machine Condition Monitoring Market is Projected to reach USD 4.2 Billion by 2028, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ALS Limited, Fortive Corporation (Fluke Corporation), Schaeffler AG, Honeywell International, Inc., Emerson Electric Co., Rockwell Automation, Inc., General Electric (GE) Co., Analog Devices, Inc., National Instruments Corporation, and Parker Hannifin Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Offering
By Monitoring Technique
- Vibration Monitoring
- Thermography
- Oil Analysis
- Corrosion Monitoring
- Ultrasound Emission Monitoring
- Others
By Industry
- Power Generation
- Metals & Mining
- Aerospace & Marine
- Automotive
- Oil & Gas
- Food & Beverages
- Chemicals
- Others
By Deployment Type
By Monitoring Process
- Online Condition Monitoring
- Portable Condition Monitoring
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ALS Limited
- Fortive Corporation (Fluke Corporation)
- Schaeffler AG
- Honeywell International, Inc.
- Emerson Electric Co.
- Rockwell Automation, Inc.
- General Electric (GE) Co.
- Analog Devices, Inc.
- National Instruments Corporation
- Parker Hannifin Corporation
TABLE 1 Asia Pacific Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Hardware Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Hardware Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Software Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Software Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Vibration Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Vibration Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Thermography Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Thermography Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Oil Analysis Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Oil Analysis Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Corrosion Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Corrosion Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Ultrasound Emission Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Ultrasound Emission Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Power Generation Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Power Generation Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Metals & Mining Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Metals & Mining Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Aerospace & Marine Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Aerospace & Marine Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Chemicals Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Chemicals Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Other Industry Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Other Industry Market by Country, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 43 Asia Pacific On-premise Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific On-premise Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific Cloud Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific Cloud Market by Country, 2022 - 2028, USD Million
TABLE 47 Asia Pacific Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 48 Asia Pacific Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 49 Asia Pacific Online Condition Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 50 Asia Pacific Online Condition Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 51 Asia Pacific Portable Condition Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 52 Asia Pacific Portable Condition Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 53 Asia Pacific Machine Condition Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 54 Asia Pacific Machine Condition Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 55 China Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 56 China Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 57 China Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 58 China Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 59 China Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 60 China Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 61 China Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 62 China Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 63 China Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 64 China Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 65 China Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 66 China Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 67 Japan Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 68 Japan Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 69 Japan Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 70 Japan Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 71 Japan Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 72 Japan Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 73 Japan Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 74 Japan Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 75 Japan Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 76 Japan Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 77 Japan Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 78 Japan Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 79 India Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 80 India Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 81 India Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 82 India Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 83 India Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 84 India Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 85 India Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 86 India Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 87 India Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 88 India Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 89 India Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 90 India Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 91 South Korea Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 92 South Korea Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 93 South Korea Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 94 South Korea Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 95 South Korea Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 96 South Korea Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 97 South Korea Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 98 South Korea Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 99 South Korea Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 100 South Korea Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 101 South Korea Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 102 South Korea Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 103 Singapore Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 104 Singapore Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 105 Singapore Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 106 Singapore Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 107 Singapore Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 108 Singapore Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 109 Singapore Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 110 Singapore Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 111 Singapore Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 112 Singapore Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 113 Singapore Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 114 Singapore Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 115 Malaysia Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 116 Malaysia Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 117 Malaysia Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 118 Malaysia Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 119 Malaysia Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 120 Malaysia Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 121 Malaysia Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 122 Malaysia Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 123 Malaysia Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 124 Malaysia Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 125 Malaysia Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 126 Malaysia Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 127 Rest of Asia Pacific Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 128 Rest of Asia Pacific Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 129 Rest of Asia Pacific Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 130 Rest of Asia Pacific Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 131 Rest of Asia Pacific Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 132 Rest of Asia Pacific Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 133 Rest of Asia Pacific Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 134 Rest of Asia Pacific Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 135 Rest of Asia Pacific Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 136 Rest of Asia Pacific Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 137 Rest of Asia Pacific Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 138 Rest of Asia Pacific Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 139 Key Information – ALS Limited
TABLE 140 Key Information –fortive corporation
TABLE 141 Key Information – Schaeffler AG
TABLE 142 Key Information – Honeywell International, Inc.
TABLE 143 Key Information – Emerson Electric Co.
TABLE 144 Key information – Rockwell Automation, Inc.
TABLE 145 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 146 key information – Analog Devices, Inc.
TABLE 147 Key Information – National Instruments Corporation
TABLE 148 Key Information – PARKER-HANNIFIN CORPORATION
List of Figures
FIG 1 Methodology for the research