Industry Analysis & Industry Trends
In mint condition
New technologies and advancements in machine condition monitoring equipment will support the industry's growth over the next five years. More companies will adopt industry products, as they look to reduce labor and production costs. Furthermore, demand from China and other rapidly industrializing economies will promote strong export growth in the coming years.
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Industry Report - Industry Analysis Chapter
Machine condition monitors (CM) are much more than maintenance scheduling tools. Monitoring equipment is used extensively in various industries, including cement, energy, petrochemicals, metals and paper and pulp. It is an increasingly important asset management tool to address business needs, such as cutting maintenance costs, maintaining quality, increasing productivity and providing health, safety and environmental control. Markets are increasingly adopting condition monitoring services and technologies to efficiently maintain and maximize their asset health and performance, contributing to the continued growth of the US Machine Condition Monitoring Equipment Manufacturing industry... purchase to read more