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Global Machine Condition Monitoring Market - Americas to Dominate the Market | TechnavioThe global machine condition monitoring market is expected to grow at a CAGR of more than 4% from 2018-2022, according to a new market research report by Technavio. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180127005009/en/ 
Technavio has published a new market research report on the global machine condition monitoring market 2018-2022 under their industrial automation library. (Graphic: Business Wire) Global machine condition monitoring market segmentation by end-user and geography Technavio's report on the global machine condition monitoring market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by end-user, including power industry, oil and gas industry, pulp and paper industry, cement and metal industry, chemical and petrochemical industry, and automotive industry. As projected in 2017, around 19% of the market share originated from the power industry. This market share is expected to increase further by 2022. Based on geography, the global machine condition monitoring market has been segmented into APAC, EMEA, and the Americas. As of 2017, 36% of the market share came from the Americas. "In the global machine condition monitoring market, the Americas is dominating the market with the highest market share. The market share is expectd to grow further by 0.16% in 2022," says a senior analyst at Technavio for automation research. Save more with Technavio. Buy 2 reports and get the third for free: View Technavio's latest discounts and promotions Machine condition monitoring market: competitive vendor landscape The global machine condition monitoring market is moderately fragmented with many players in the market. Emerson Electric, General Electric, Honeywell (News - Alert), National Instruments, Rockwell Automation, and SKF are the leading players in the market. These companies are focusing on increasing their global footprint and are expanding into developing countries through mergers and acquisitions or partnerships with the regional vendors. Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Other topics covered in the report: Market drivers:
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Get a sample copy of the global machine condition monitoring market report free of cost Access Technavio's continuously growing automation research library and find expert analysis on hundreds of markets. About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected].
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