Machine Health Monitoring Market - Global Industry Research Report to 2020

Machine health monitoring is a process of supervising the machinery to identify considerable changes that indicates a fault. The use of machine health monitoring system allows timing for maintenance to be scheduled in a manner that prevents the failure of system and thus avoid its consequences. Machine health monitoring system benefits machinery by identifying the fault before it develops into a major failure. The growing importance of asset management and manufacturer’s drive to optimize productivity and increase efficiency of plant is driving the demand for machine health monitoring equipment market. Additionally, increasing emphasis on asset utilization and the rising need for elimination of possible machine breakdowns which may lead to redundant maintenance costs has led to an increased adoption of this technology.

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This technique is generally used on rotating equipments and other machinery such as electric motors, pumps, presses and internal combustion engines. Manufacturing processes, such as breweries and oil refineries, employ monitoring systems, to measure critical parameters. This system makes use of sensors for the purpose of monitoring the machines. SCADA (Supervisory Control and Data Acquisition), is used to analyze information and provide data. This system is used to monitor current and historical performance of equipments. Machine health monitoring facilitates prediction of machine failure which minimizes production losses, by planning corrective activities beforehand. This technique is primarily aimed towards reducing cot and repair time and is considered to be an efficient strategy in the manufacturing industry. Machine health monitoring involves strategic tools which help in decision making processes.

Various products of machine health monitoring systems are corrosion monitoring equipments, thermograph equipments, lubricating oil examination...