Condition monitoring is the monitoring process of a set of conditions in machines. It is used to recognize significant change to indicate the fault. This is one of the major components of predictive maintenance. The condition monitoring allows scheduled maintenance and other actions to be taken so as to avoid failure. This equipment is used in rotating equipment and different machineries which includes electric motors, pumps and presses. To identify the problems and preventing the problems, machine conditioning equipment is one of the most effective maintenance tools.
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Condition Monitoring Equipment Market: Drivers and Restraints
The condition monitoring market is primarily driven by the increasing demand of smart factories. The demand of smart factories is increasing rapidly which means the factories are likely to be autonomous. These needs different machinery equipment that at some point of time wears out due to tear, corrosion and surface degradation. In order to identify and prevent those problems condition monitoring equipment are necessary. Moreover, the condition monitoring market is also driven by the increasing remote monitoring. Remote monitoring helps to remotely operate the condition monitoring equipment with or without physical presence. It helps to notify when there is any change in condition in the machineries. Thus it helps in preventing failure of the machines.
The condition monitoring market is also driven by the growing wireless technology in this market. There are number of barriers like high cost of installation in hazardous areas, moving machines where fixed cabling is difficult. To overcome these barriers wireless technology are used. It eliminates the requirement for hardwiring for communications. It reduces the installation cost, convenience, reliability and portability
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