As machinery and components are used more and more, IIoT condition monitoring systems can identify machinery parts that need repair or replacement, protecting them from wear and tear. Industrial IoT condition monitoring systems can leverage a range of data, including equipment runtime, energy usage, temperature, output, and more, to improve decision-making and operations in a manufacturing plant or manufacturing unit. Predictive maintenance, powered by data from IIoT condition monitoring systems, allows facility managers to avoid virtual downtime when equipment is not performing at its full potential.
This report contains market size and forecasts of Industrial IoT Condition Monitoring Systems in global, including the following market information:
Global Industrial IoT Condition Monitoring Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Industrial IoT Condition Monitoring Systems Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Industrial IoT Condition Monitoring Systems companies in 2021 (%)
The global Industrial IoT Condition Monitoring Systems market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Corrosion Monitoring Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Industrial IoT Condition Monitoring Systems include Schaeffler Technologies, Kirloskar Brothers, Siemens, Honeywell International, ABB, Emerson Electric, Turck, Rockwell Automation and Fluke Corporation, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Industrial IoT Condition Monitoring Systems manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Industrial IoT Condition Monitoring Systems Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial IoT Condition Monitoring Systems Market Segment Percentages, by Type, 2021 (%)
Corrosion Monitoring
Infrared Thermography
Motor Condition Monitoring
Oil Analysis
Ultrasound Testing
Vibration Analysis
Global Industrial IoT Condition Monitoring Systems Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial IoT Condition Monitoring Systems Market Segment Percentages, by Application, 2021 (%)
Aerospace
Automotive and Transportation
Chemical and Petrochemical
Food & Beverage
Mining and Metal
Oil and Gas
Others
Global Industrial IoT Condition Monitoring Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Industrial IoT Condition Monitoring Systems Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Industrial IoT Condition Monitoring Systems revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Industrial IoT Condition Monitoring Systems revenues share in global market, 2021 (%)
Key companies Industrial IoT Condition Monitoring Systems sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Industrial IoT Condition Monitoring Systems sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Schaeffler Technologies
Kirloskar Brothers
Siemens
Honeywell International
ABB
Emerson Electric
Turck
Rockwell Automation
Fluke Corporation
Parker Hannifin
General Electric
Festo Group
SKF
Schneider Electric
Fuji Electric
Eaton
IFM
Meggit
PCE Instruments
AIMIL
Bachmann Electronic
Ingeteam
Bruel & Kjaer Vibro
SPM Instrument
Dynapar
Bently Nevada