• ABOUT US
  • CONTACT US
  • SUBMIT NEWS
Saturday, April 1, 2023
Qatar News Club
  • Home
  • News
    • All
    • BUSINESS
    • Entertainment
    • FASHION
    • FOOD
    • HEALTH
    • LIFESTYLE
    • MIDDLE EAST
    • PRESS RELEASES
    • SPORTS
    • TRAVEL
    Metagenomic Sequencing Market: Continuous technological innovations in NGS platforms

    Metagenomic Sequencing Market: Continuous technological innovations in NGS platforms

    Graphene Nanoplatelets Market expected to grow at a CAGR 37.40 percent of during the forecast period

    Graphene Nanoplatelets Market expected to grow at a CAGR 37.40 percent of during the forecast period

    GPS Tracking Device Market Worth $5.7 Billion in 2028

    IoT in Healthcare Market Size, Share, Trends, Analysis and Forecast to 2028

    Steel Wire Market expected to grow at a CAGR of 6.26 percent during the forecast period

    Steel Wire Market expected to grow at a CAGR of 6.26 percent during the forecast period

    Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period

    Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period

    Power Grid Market worth $367.4 Billion by 2028

    Power Grid Market worth $367.4 Billion by 2028

    Trending Tags

    • BUSINESS
    • Entertainment
    • FASHION
    • FOOD
    • HEALTH
    • LIFESTYLE
    • SPORTS
    • TRAVEL
    • MIDDLE EAST
    • PRESS RELEASES
    No Result
    View All Result
    • Home
    • News
      • All
      • BUSINESS
      • Entertainment
      • FASHION
      • FOOD
      • HEALTH
      • LIFESTYLE
      • MIDDLE EAST
      • PRESS RELEASES
      • SPORTS
      • TRAVEL
      Metagenomic Sequencing Market: Continuous technological innovations in NGS platforms

      Metagenomic Sequencing Market: Continuous technological innovations in NGS platforms

      Graphene Nanoplatelets Market expected to grow at a CAGR 37.40 percent of during the forecast period

      Graphene Nanoplatelets Market expected to grow at a CAGR 37.40 percent of during the forecast period

      GPS Tracking Device Market Worth $5.7 Billion in 2028

      IoT in Healthcare Market Size, Share, Trends, Analysis and Forecast to 2028

      Steel Wire Market expected to grow at a CAGR of 6.26 percent during the forecast period

      Steel Wire Market expected to grow at a CAGR of 6.26 percent during the forecast period

      Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period

      Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period

      Power Grid Market worth $367.4 Billion by 2028

      Power Grid Market worth $367.4 Billion by 2028

      Trending Tags

      • BUSINESS
      • Entertainment
      • FASHION
      • FOOD
      • HEALTH
      • LIFESTYLE
      • SPORTS
      • TRAVEL
      • MIDDLE EAST
      • PRESS RELEASES
      No Result
      View All Result
      Qatar News Club
      Submit PR
      Home News PRESS RELEASES

      Machine Condition Monitoring Market Worth $5.2 Billion by 2029 – Exclusive Report by Meticulous Research®

      Qatar NewsRoom by Qatar NewsRoom
      September 10, 2022
      in PRESS RELEASES
      Share on FacebookShare on Twitter


      (EMAILWIRE.COM, September 10, 2022 ) According to a new market research report titled, ‘Machine Condition Monitoring Market by Component (Hardware, Software), Process (Online, Portable), Monitoring Technique (Vibration, Thermography, Corrosion), End-use Industry (Energy, Oil & Gas, Telecom), and Geography – Global Forecast to 2029,’ the global machine condition monitoring market is slated to register at a CAGR of 7.3% during the forecast period to reach $5.2 billion by 2029.

      Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5328

      Machine condition monitoring is the ability to assess the health of a machine over time. This process requires measuring specific equipment parameters through machine sensors and other devices. This system helps predict the failure by monitoring the machine conditions such as temperature, vibration, and pressure. Various software are used for this process to send an alert in case of a change in parameters in machine operation. This helps assess and decide corrective actions for machines. Several market players across different industries are adopting machine condition monitoring to reduce the downtime and associated cost, thereby increasing the demand for this market.

      Impact of COVID-19 on the Machine Condition Monitoring Market

      The spread of COVID-19 in the first quarter of 2020 severely impacted the performance of several industries and economies globally. Governments across the globe were forced to shut down industrial plants. Governments enforced physical distancing norms and movement restrictions on the masses, affecting the operations of various industries. As a result, the industries reduced their dependency on manual labor and increased the adoption of smart industrial technologies to enhance their production processes.

      The adoption of advanced technologies created the need for remote supervision and operational control of manufacturing and processing plants. With increasing remote supervision, new machine condition monitoring systems were deployed in various industries. Machine condition monitoring systems help monitor and control the operations from remote locations with the help of real-time data from various devices such as sensors, thus reducing the need for human intervention in the supervision of industrial machines. The global machine condition monitoring market is gaining traction for adopting highly automated systems that require negligible human supervision.

      Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5328

      The global machine condition monitoring market is segmented based on component (hardware, software, services), deployment type (on-premise, cloud-based), monitoring process (online condition monitoring, portable condition monitoring), monitoring technique (vibration monitoring, corrosion monitoring, thermography, oil analysis, ultrasound monitoring, others), end-use industry (manufacturing, healthcare, energy & utility, aerospace, telecom, agriculture, oil & gas, transportation & logistics, other end-use industries). The study also evaluates industry competitors and analyzes the market at the country level.

      Based on component, in 2022, the hardware segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the surge in demand for hardware components such as vibration sensors, infrared sensors, spectrum analyzers, corrosion probes, and other machine condition monitoring systems in smart factories to detect machine condition. Additionally, this segment is also slated to register the highest CAGR during the forecast period.

      Based on deployment type, in 2022, the cloud-based segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to increasing cloud service adoption due to their low cost, flexibility & scalability, and greater security, thus boosting the growth of this segment. Furthermore, this segment is also slated to register the highest CAGR during the forecast period.

      Based on monitoring process, in 2022, the online condition monitoring segment is expected to account for the largest share of the global machine condition monitoring market. Online condition monitoring provides round-the-clock, real-time data to operators, making online condition monitoring favorable in industries such as oil & gas and power generation. Additionally, this segment is also slated to register the highest CAGR during the forecast period.

      Based on monitoring technique, in 2022, the vibration monitoring segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the growing demand for vibration sensors and vibration analyzers for machine maintenance and installations for detecting damaged bearings and identifying faults in machines.

      Quick Buy – Machine Condition Monitoring Market Research Report: https://www.meticulousresearch.com/Checkout/92979807

      Based on end-use industry, in 2022, the manufacturing segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the increasing number of government initiatives to promote industrial automation and Industry 4.0, and the growing demand for predictive maintenance in smart factories. Additionally, this segment is also slated to register the highest CAGR during the forecast period.

      Based on geography, in 2022, North America is expected to account for the largest share of the global machine condition monitoring market. The large market share of this region is attributed to the increasing deployment of machine condition monitoring systems across various industries, the advent of big data analytics, and the increasing adoption of secure cloud computing platforms. However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growth of the manufacturing sector and the adoption of Industry 4.0 in countries such as China, Japan, and South Korea.

      Some of the key players operating in the global machine condition monitoring market are General Electric Company (U.S.), SKF (Sweden), Wilcoxon Sensing Technologies (U.S.), Emerson Electric Co. (U.S.), ALS Limited (Australia), Honeywell International Inc. (U.S.), Parker Hannifin Corporation (U.S.), Rockwell Automation, Inc. (U.S.), ifm electronic gmbh (Germany), Schaeffler AG (Germany), Baker Hughes Company (U.S.), Analog Devices, Inc. (U.S.), Fluke Corporation (U.S.), Meggitt PLC (U.K.), and National Instruments Corporation (U.S.).



      Source link

      Previous Post

      Sports Analytics Market Global Growth, Size, Share, Trends & Forecast 2026

      Next Post

      Pharmaceutical Drug Delivery Market worth $2,206.5 billion by 2026

      Next Post

      Pharmaceutical Drug Delivery Market worth $2,206.5 billion by 2026

      Gambia says it has not yet confirmed cough syrup as cause of child deaths

      October 31, 2022

      Haiti confirms case of cholera, investigates suspected cases

      October 2, 2022
      Stringent Environmental Regulations Driving the Waterborne Coatings Market

      Stringent Environmental Regulations Driving the Waterborne Coatings Market

      January 12, 2023

      Air Separation Plant Market Growth Opportunities By 2028

      November 4, 2022

      Wellkins launches World Heart Day health package

      September 21, 2022

      Croatia edge Morocco 2-1 to clinch third spot at World Cup

      December 17, 2022

      Mexican Centre promotes public diplomacy during Qatar 2022

      November 30, 2022

      Skin-to-skin ‘kangaroo’ care boosts premature babies’ chances: WHO

      November 15, 2022

      Tackling stress induced cardiac events during FIFA

      December 6, 2022

      FIFA World Cup Qatar 2022: Senegal coach Cisse ill ahead of game with England

      December 3, 2022

      Andreescu feels in ‘great place’ in climb back to the top

      August 12, 2022

      A time-tested friendship | The Peninsula Qatar

      October 15, 2022

      Inspection tour in Al Khor

      December 3, 2022

      Maradona’s ‘Hand of God’ shirt headlines Qatar exhibit during World Cup

      October 1, 2022

      UN says helped Myanmar junta officials travel to Bangladesh for … – The Peninsula

      March 18, 2023

      Qatar removes PCR test for World Cup fans – Arabian Business

      October 26, 2022

      about us

      QATARNEWS.Club™ publishes and aggregates business, cultural, socio-economic, Tech and industrial news on UAE, Middle East and North Africa (MENA).

      Press release distribution services
      We provide press release distribution to media in Qatar, the Arab world and the GCC/MENA regions. Submit a press release today or contact us.

      Categories

      BUSINESS

      ENTERTAINMENT

      FASHION

      FOOD

      HEALTH

      LIFESTYLE

      SPORTS

      TRAVEL

      MIDDLE EAST

      PRESS RELEASES

      recent news

      Recent Posts
      • Power Grid Market worth $367.4 Billion by 2028
      • Visual Effects (VFX) Market expected to grow at a CAGR of 8.2 percent during the forecast period
      • Steel Wire Market expected to grow at a CAGR of 6.26 percent during the forecast period
      • IoT in Healthcare Market Size, Share, Trends, Analysis and Forecast to 2028

      Join QatarNews.Club™

        QatarNews.Club™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

        About Us / Submit News / Contact Us

        No Result
        View All Result
        • Home
        • News
          • FASHION
          • FOOD
          • HEALTH
          • LIFESTYLE
          • MIDDLE EAST
          • PRESS RELEASES
          • TRAVEL
        • SUBMIT NEWS
        • ABOUT US
        • CONTACT US

        QatarNews.Club™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC