DUBLIN, Ireland–(EMWNews)–Research and Markets (http://www.researchandmarkets.com/research/f98fb2/world_condition_mo)

has announced the addition of Frost & Sullivan’s new report “World

Condition Monitoring Equipment and Services Markets 2008” to their

offering.

This Frost & Sullivan research titled World Condition Monitoring

Equipment and Services Markets provides an overview of the worldwide

market for different product segments in terms of revenues by end users

and geographic regions, along with a complete analysis of key market

drivers, restraints, and trends that impact the growth of this market.

In this research, Frost & Sullivan’s expert analysts thoroughly examine

the following markets: communications, electronics manufacturing,

defense and aerospace, and industrial and automotive.

Market Overview

Strong Growth Opportunities in the Services Segment

Increasing awareness and acceptance of condition monitoring technologies

and techniques as means to maximize asset health and performance is

contributing to the continued growth of the world condition monitoring

equipment and services markets. While the equipment segment of the

market is well established and reaching maturity, there exist

significant opportunities in the services segment, which is witnessing

strong growth. Demand from traditional end users continues to grow at a

marginal pace, and there are increasing opportunities for growth in the

process and manufacturing markets, as well as the heating, ventilating,

and air conditioning (HVAC) and environment markets.

Notwithstanding the benefits of condition monitoring equipment in

improving operational efficiency in the long run, the high cost for

procurement, installation, and maintenance of this type of equipment is

limiting its acceptance among end users. Manufacturers are also having

to deal with a reduction in overall average prices due to increased

price competition. “International participants are forced to lower their

prices to meet end-user demand as well as face competition from regional

participants,” notes the analyst of this research service. “Advancement

in technology has also contributed to the steady decline in condition

monitoring equipment prices.”

Demand for Wireless Solutions Drives the Condition Monitoring Market

Wireless communications is fast becoming the norm and recent advances in

wireless technology have enabled remote condition monitoring of critical

machines using inexpensive wireless technology. An additional driver for

the market is the growing trend toward the automation of maintenance

functions in organizations by integrating condition monitoring

information with plant asset management (PAM) systems/computerized

maintenance management system (CMMS). This has created significant

business opportunities for vendors of condition monitoring equipment to

develop alliances with CMMS solution providers. Offering enhanced,

easy-to-use packaged offerings to the customer would benefit both the

condition monitoring vendor as well as the CMMS solution provider.

With regard to the market segments, vibration monitoring is one of the

best established and accepted technologies for condition monitoring.

This segment continues to generate the largest revenues, accounting for

64.4 percent of the world condition monitoring equipment revenues in

2007. “The vibration monitoring segment has some of the largest

participants in the condition monitoring equipment market, offering

products ranging from portable handheld data collection equipment to

large-size permanent installed vibration monitoring systems,” says the

analyst. “There has been a significant shift from portable units to

permanent systems and this growth in demand for online systems is

expected to continue over the forecast period.”

Key Topics Covered:



Executive Summary

 - Market Overview



Total Condition Monitoring Equipment and Services Market

 - Market Overview

 - Forecasts and Trends

 - Competitive Analysis



World Vibration Monitoring Equipment Market

 - Market Overview

 - End User Analysis

 - Geographic Analysis

 - Competitive Analysis



World Lubricating Oil Analysis Equipment Market

 - Market Overview

 - End User Analysis

 - Geographic Analysis

 - Competitive Analysis



World Thermography Equipment Market

 - Market Overview

 - End User Analysis

 - Geographic Analysis

 - Competitive Analysis



Condition Monitoring Consulting and Services Market

 - Market Overview

 - Competitive Analysis



Appendix

 - Decision Support Database (DSD) Tables

For more information visit http://www.researchandmarkets.com/research/f98fb2/world_condition_mo

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