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MACHINE CONDITION MONITORING MARKET ANALYSIS

Machine Condition Monitoring Market, By Offerings (Hardware (Vibration Sensors, Infrared Sensors, Spectrometers, Corrosion Probes, Ultrasound Detectors, Spectrum Analyzers), Software, and Services), By Deployment (Cloud and On-premises), By End-use Industry (Automotive, Oil and Gas, Power Generation, Chemicals , Metals and Mining, Aerospace and Defense, Food and Beverages, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Key Developments

  • In February 2023, Seed Group partnered with Samotics which is a Condition monitoring system to introduce condition monitoring services in the Middle East using SAM4 technology
  • In June 2022, Watersight introduced AquaRing for real-time monitoring of water conditions in the water, utility, and food and beverage sectors
  • In April 2022, SKF collaborated with Amazon Web Services to provide an easy-to-scale condition monitoring and analysis solution, aiming to redefine industrial machine reliability
  • In April 2022, OMRON launched the K7TM condition monitoring for heating equipment, focusing on the automotive and FMCG sectors
  • In March 2022, Gastops introduced Gastops Connect, an online subscription platform providing equipment condition monitoring and analytics for clients in the aerospace, energy, defense, and industrial sectors

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