LONDON--(BUSINESS WIRE)--Aug 21, 2018--According to the latest market research report released by Technavio, the global machine condition monitoring market is expected to accelerate at a CAGR of over 4% during the forecast period. Wireless communication gaining momentum in industries is one of the key factors triggering the growth of the market.

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Technavio has published a new market research report on the global machine condition monitoring market from 2018-2022 (Graphic: Business Wire)

This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global machine condition monitoring market into the following regions:

Americas EMEA APAC

In 2017, the Americas accounted for 36.30% of the global market and is projected to reach 36.91% by 2022, exhibiting almost a 0.61% increase in market share. The EMEA region will register a decline in the market share with a decrement of 1.04%.

Global machine condition monitoring market: Top emerging trend

Numerous end-user industries are adopting machine condition monitoring systems that can be integrated into their existing Information Technology (IT) infrastructure. This integration confirms that the test operating conditions are met and enhances the overall accuracy of the systems. The emergence of integrated machine condition monitoring system or condition monitoring equipment has been identified as one of the key trends, which will gain traction in the machine condition monitoring market during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Machine Condition Monitoring Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by end-user (power industry, cement and metal industry, oil and gas industry, chemical and petrochemical industry, pulp and paper industry, and automotive industry)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Emerson Electric, General Electric, Honeywell International, National Instruments, Rockwell Automation, and SKF)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE INTERNET SOFTWARE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/21/2018 03:55 PM/DISC: 08/21/2018 03:55 PM

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