The Europe Machine Condition Monitoring Market would witness market growth of 6.7% CAGR during the forecast period (2022-2028).
Vibration sensors are frequently employed in applications where bearing failure is a major problem, such as HVAC compressor instabilities, electric motor degeneration, drive spindles, and any fan employed inside a machine or factory. Increased vibration is a prominent early warning indication of failure in pneumatic or hydraulic systems, such as large metalworking machinery like presses or injection molding machines. Temperature is the second indicator of early failure. This is especially true in equipment that does not start and stop regularly, but instead runs at a constant temperature rate 24 hours a day, seven days a week.
Minor temperature changes can be tracked, allowing for a better understanding of equipment health. This would allow user to act before a breakdown occurs. Temperature sensors and transmitters can function across a wide range of temperatures, depending on requirements. Typical temperature ranges are -40 to 572 degrees Fahrenheit, with specific sensors programmable from 148 to 1,112 degrees Fahrenheit.
Poland has some of the finest conditions in the world for the automotive industry. Poland is recognized as one of the five greatest sites for automotive projects in Europe due to relatively inexpensive but well-educated and efficient human resources, the little risk associated with conducting economic activity, and full access to the EU market.
One of Italy's most important industries is the automobile. In 2019, sales were about €106 billion, representing 11% of Italy's industrial turnover and 6.2 percent of GDP. The transition from internal combustion engines to electromobility in the hybrid and the electric sector is reshaping the industry. The development of the aftermarket industry in Italy may also be influenced by major changes in the circulating stock.
The German government places a high priority on aerospace in its strategic planning. Aerospace is an important industry in Germany, according to the Federal Ministry of Economic Affairs and Energy (BMWi), with high growth rates and a solid industrial core. The revised and updated "2020 Technology Strategy of the German Aerospace Industry" builds on BMWi's previous "Aerospace Strategy," emphasizing the aerospace sector's technological and economic relevance for Germany as an industrial country.
The Germany market dominated the Europe Machine Condition Monitoring Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $285 million by 2028. The UK market is anticipated to grow at a CAGR of 5.9% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 7.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Machine Condition Monitoring Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 2 Europe Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 3 Europe Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 4 Europe Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 5 Europe Hardware Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Hardware Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Software Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Software Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 10 Europe Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 11 Europe Vibration Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Vibration Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Thermography Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Thermography Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Oil Analysis Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Oil Analysis Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Corrosion Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Corrosion Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Ultrasound Emission Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Ultrasound Emission Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 24 Europe Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 25 Europe Power Generation Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Power Generation Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Metals & Mining Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Metals & Mining Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Aerospace & Marine Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Aerospace & Marine Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Automotive Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Automotive Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Oil & Gas Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Oil & Gas Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Chemicals Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Chemicals Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Other Industry Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Other Industry Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 42 Europe Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 43 Europe On-premise Market by Country, 2018 - 2021, USD Million
TABLE 44 Europe On-premise Market by Country, 2022 - 2028, USD Million
TABLE 45 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 46 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 47 Europe Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 48 Europe Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 49 Europe Online Condition Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 50 Europe Online Condition Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 51 Europe Portable Condition Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 52 Europe Portable Condition Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 53 Europe Machine Condition Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 54 Europe Machine Condition Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 55 Germany Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 56 Germany Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 57 Germany Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 58 Germany Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 59 Germany Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 60 Germany Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 61 Germany Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 62 Germany Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 63 Germany Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 64 Germany Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 65 Germany Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 66 Germany Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 67 UK Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 68 UK Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 69 UK Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 70 UK Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 71 UK Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 72 UK Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 73 UK Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 74 UK Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 75 UK Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 76 UK Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 77 UK Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 78 UK Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 79 France Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 80 France Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 81 France Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 82 France Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 83 France Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 84 France Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 85 France Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 86 France Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 87 France Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 88 France Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 89 France Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 90 France Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 91 Russia Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 92 Russia Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 93 Russia Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 94 Russia Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 95 Russia Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 96 Russia Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 97 Russia Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 98 Russia Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 99 Russia Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 100 Russia Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 101 Russia Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 102 Russia Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 103 Spain Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 104 Spain Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 105 Spain Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 106 Spain Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 107 Spain Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 108 Spain Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 109 Spain Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 110 Spain Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 111 Spain Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 112 Spain Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 113 Spain Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 114 Spain Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 115 Italy Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 116 Italy Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 117 Italy Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 118 Italy Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 119 Italy Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 120 Italy Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 121 Italy Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 122 Italy Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 123 Italy Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 124 Italy Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 125 Italy Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 126 Italy Machine Condition Monitoring Market by Monitoring Process, 2022 - 2028, USD Million
TABLE 127 Rest of Europe Machine Condition Monitoring Market, 2018 - 2021, USD Million
TABLE 128 Rest of Europe Machine Condition Monitoring Market, 2022 - 2028, USD Million
TABLE 129 Rest of Europe Machine Condition Monitoring Market by Offering, 2018 - 2021, USD Million
TABLE 130 Rest of Europe Machine Condition Monitoring Market by Offering, 2022 - 2028, USD Million
TABLE 131 Rest of Europe Machine Condition Monitoring Market by Monitoring Technique, 2018 - 2021, USD Million
TABLE 132 Rest of Europe Machine Condition Monitoring Market by Monitoring Technique, 2022 - 2028, USD Million
TABLE 133 Rest of Europe Machine Condition Monitoring Market by Industry, 2018 - 2021, USD Million
TABLE 134 Rest of Europe Machine Condition Monitoring Market by Industry, 2022 - 2028, USD Million
TABLE 135 Rest of Europe Machine Condition Monitoring Market by Deployment Type, 2018 - 2021, USD Million
TABLE 136 Rest of Europe Machine Condition Monitoring Market by Deployment Type, 2022 - 2028, USD Million
TABLE 137 Rest of Europe Machine Condition Monitoring Market by Monitoring Process, 2018 - 2021, USD Million
TABLE 138 Rest of Europe 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