Industry Analysis & Industry Trends
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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 Products Chapter
Machine condition monitoring (CM) equipment keeps track of machinery functionality to prevent mechanical failures. The main types of monitoring equipment are listed, but many different kinds of products exist, which monitor all aspects of the mechanical status of a manufacturing plant. The other segment includes other kinds of CM equipment (e.g. corrosion monitors), and it also includes services like expert analysis of CM data.
Vibration monitoring equipment makes up the largest industry product segment; it includes devices that perform broadband trending, narrowband trending and signature analysis. These monitors are most frequently implemented in manufacturing plants to collect data about machine positioning, which is generally programmed to be steady. Pre... purchase to read more