The Machine Condition Monitoring Equipment Manufacturing industry will continue to post strong gains over the next five years, aided by technological developments and new products, according to a new report from IBISWorld, the nation?s largest publisher of industry research. Demand will likely strengthen as markets increasingly adopt condition monitors that help them cut costs and avoid production downtime. Specifically, the development of lower-cost advanced CM equipment, combined with rapid processing functions, direct and wireless communication tools and improved software is anticipated to lead to further saturation of industry products into new markets. Combined with other positive demand drivers, such as growing foreign demand, revenue is forecast to increase at an annualized rate of 6.2% to $ 2.2 billion over the five years to 2016. In 2012, sales are projected to jump to $ 1.7 billion. For this reason, industry research firm IBISWorld has added a report on the Machine Condition Monitoring Equipment Manufacturing Industry to its growing Industrial Machinery Report collection.
According to IBISWorld, the Machine Condition Monitoring Equipment Manufacturing industry is fragmented because CM equipment can be relatively simple to employ and generates a quick return on investment for the company that implements it. The major players highlighted in IBISWorld?s report include, General Electric Company (Bently Nevada), Honeywell International Inc and Emerson Electric Co. (CSI, AMS Suite). For more information, including latest Industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation?s largest publisher of industry research on the Machine Condition Monitoring Equipment Manufacturing industry for $ 825.
IBISWorld Industry Market Research Reports Contain:
About this Industry
Industry Definition
Main Activities
Similar Industries
Additional Resources
Industry at a Glance
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
Jargon & Glossary
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
About IBISWorld Inc.
Recognized as the nation?s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
###
More Driver Software Press Releases
No comments:
Post a Comment