Measurement & Instrumentation

Changing Customer Needs Fueling Technology-driven Business Model Evolution in Condition Monitoring Services

Published: 1 Oct 2018

What, Why, and How of Condition Monitoring

Condition monitoring is the process of monitoring a parameter of condition in machinery (vibration, temperature, oil condition, etc.) to identify a significant change which is indicative of a developing fault. It is a major component of predictive maintenance. This market includes hardware, software, and services.

Key benefits derived through condition monitoring:

  • Cost savings achieved in operational processes, enabled by machine data, which can improve reliability and productivity of assets—minimized downtime, lower maintenance, and inventory costs, higher operational reliability, improved workforce management, optimal procurement of parts
  • Increased asset life
  • Streamlined operations through integration with other business systems for decision making
  • Enabling environment and energy management
  • Ensuring operator safety

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