Machine Health Monitoring: Market – Forecast to 2020

Vibration Monitoring, Thermography, Ultrasound Emission, Lubricating Oil Analysis, Corrosion Monitoring, Motor Current Signature Analysis

Machine Health Monitoring Market by Product
Machine Health Monitoring Market by Product

Dublin, Ireland -/GLOBE NEWSWIRE/ — Research and Markets has announced the addition of the “Machine Health Monitoring Market by Product, Component, Application and Geography – Global Forecast to 2014 – 2020” report to their offering.

Machine health monitoring market is expected to witness a moderate growth as the markets of the U.S. and Europe have almost reached the saturation levels.

The demand is expected to come from the emerging economies, which are expected to witness increasing automation activities in the near future.

Machine health monitoring system is equipped with software for data analysis which presents a clear picture regarding the state of the machinery.

It predicts the faults of machinery before failure and determines the exact source of the problem.

It improves the reliability and cost effectiveness of existing machinery and provides useful information for future developments.

It prevents breakdowns and optimizes maintenance resources where they are needed. Machine health monitoring assesses the heath of a machine by periodic monitoring and analyzes the data obtained during operation.

The need for prevention of breakdown in all types of production machinery will be the driving factor for further advancements in machine health monitoring.

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Sector: Semiconductor