The value of the global Machine Condition Monitoring market was USD 3092.24 million in 2020 and is expected to reach USD 5,154.9 million by 2026 and grow at a CAGR of 9% over the forecast period (2021-2027). One of the primary goals of any business is to extend the lifecycle of an asset and ensure that the asset operates efficiently over the long term. This can be done using health monitoring. Maintenance is very important to the machine. Machine condition monitoring is an important part of maintenance, so many companies are paying more attention to asset utilization and improved productivity.
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A full report of Machine Health Monitoring Market available at: https://www.orionmarketreports.com/machine-health-monitoring-market/47232/
Machine Health Monitoring Market Segmentation
By Type
• Lubricant Oil Analysis
• Ultrasonic Inspection
• MSCA
• Vibration Monitoring
• Infrared Thermography
By Component
• Corrosion Probes
• IR Sensors
• Spectrometers
• Ultrasonic Detectors
• Vibration Sensors
• Others
By Application
• Oil and Gas
• Marine
• Automotive
• Energy and Power
• Metals and Mining
• Others
By Monitoring Process
• Online Condition Monitoring
• Portable Condition Monitoring
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
