Machine Health Monitoring Market- Global Segments and Forecast Upto 2020

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REPORT DESCRIPTION

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. 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...