This report analyzes the worldwide markets for Machine Condition Monitoring Equipment in US$ Million by the following Product Segments: Vibration Monitoring Equipment, Thermography Equipment, Lubricating Oil Analysis Equipment, and Corrosion Monitoring Equipment. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2009 through 2017. Also, a six-year historic analysis is provided for these markets. The report profiles 156 companies including many key and niche players such as Azima DLI LLC, Brüel & Kjær Vibro, ClampOn AS, Corrpro Companies, Inc., Data Physics Corporation, Emerson Process Management, Roxar ASA, FLIR Systems, Inc., GE Energy, Honeywell Process Solutions,  Fluke Corporation, ITT Corporation, Kittiwake Developments Limited, LumaSense Technologies, NEC Avio Infrared Technologies Co., Ltd., PCB Piezotronics, Inc., Rockwell Automation, Inc., Rohrback Cosasco Systems, Scientific Monitoring, Inc., Shinkawa Electric Co., Ltd., SKF Condition Monitoring, Inc., SPM Instrument AB, and The Timken Company. Market data and analytics are derived from primary and secondary research.

TABLE OF CONTENTS

MACHINE CONDITION MONITORING EQUIPMENT						MCP-1206
A GLOBAL STRATEGIC BUSINESS REPORT


                                            CONTENTS


  1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS                       1
      Study reliability and reporting limitations                          1
      Disclaimers                                                          2
      Data interpretation & reporting level                                2
       Quantitative techniques & analytics                                 3
      Product definitions and scope of study                               3
       Vibration monitoring equipment                                      3
       Thermography equipment                                              4
       Lubricating oil analysis equipment                                  4
       Corrosion monitoring equipment                                      4

  2. INDUSTRY OVERVIEW                                                     5
      Plant Assets - ‘Working’ Capital of Organizations: A Quick Primer    5
      Introduction to Condition Monitoring                                 6
       Need for Routine Condition Monitoring                               6
      Market Drivers                                                       6
      Integration of CM and PAM                                            7
      Monitoring - Not an Alternative to Inspection                        8
      Machine Downtime Concerns: Condition Monitoring Equipment Helps      8
      Converting Cost into Cost-Benefit                                    8
      Functioning of the Machine Condition Monitoring System               9
      Micromachined Accelerometers - An Effective Cost Alternative
       to Machine Condition Monitoring                                     9
       Digital Signal Processing Technique                                 9
       ADMC401                                                             10
      Condition Monitoring Software                                        10
      Market Scenario: A Review                                            10
       Recession Impact In Retrospect                                      10
       A Closer Look at Growth Factors in a Recessionary Climate           11
       Emerging Markets Prove Lucrative for Machine Condition
        Monitoring                                                         11
       Outlook                                                             12
       Key Statistical Findings                                            13
        Table 1: World Recent Past, Current & Future Analysis for
        Plant Asset Management and Condition Monitoring - Annual
        Revenues in US$ Million for Years 2009 through 2017
        (includes corresponding Graph/Chart)                               13

        Table 2: World Historic Review for Plant Asset Management
        and Condition Monitoring - Annual Revenues in US$ Million
        for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       14

  3. MARKET TRENDS                                                         15
      Condition Monitoring Equipment Registers Improved Demand             15
      Latest Technological Solutions Help Users Avoid Costly
       Downtime and Cut Costs                                              15
      Contracting Out of Condition Monitoring - An Insight                 15
      Internet to Enhance Condition Monitoring Equipment Demand            16
      Plant Asset Manufacturing Solutions - Growing Popularity             16
      It Pays to Bridge the Functional Gap Between Industry and
       Equipment Manufacturers                                             16
      Quest for Expert Condition Monitoring Systems is On                  16
      Early Bird Gets the Worm                                             17
      Identification of Niche Markets                                      17
      Market Consolidation and Technological Advancements on the Rise      17
      Corrosion-Resistant Alloys Gaining Prominence in Chemical
       Industry                                                            17
      Consulting and Services Likely to Increase                           18
      Open Software Standards Alleviate Manufacturer’s Concerns            18

  4. CONDITION MONITORING                                                  19
      Condition Monitoring - A Key Application of Wireless Sensor
       Networks                                                            19
      Vibration-Based Condition Monitoring                                 19
      Steam Trap Condition Monitoring                                      21
      Online Vibration Monitoring Systems                                  21
       Minimizing Maintenance Expenses                                     22
       Integrating Condition Data with Process Data                        22
      Elegant Products for Vibration Isolation Application                 22
      Market Share Review                                                  23
       Table 3: Worldwide Portable Vibration Monitoring Equipment
       Market (2010): Percentage Breakdown of Value Sales by Leading
       Players - Emerson Process-CSI, Rockwell Automation, SKF
       Condition Monitoring, SPM Instruments, Azima DLI, and Others
       (includes corresponding Graph/Chart)                                23
      Corrosion Monitoring                                                 23
       Prevention is Better Than Cure                                      24
       Corrosion Monitoring Techniques                                     25
        Electrochemical Techniques                                         25
         Electrochemical Noise (EN)                                        25
         EIS Technique                                                     26
         Linear Polarization Resistance (LPR)                              26
        Metal Loss Techniques                                              26
         Electrical Resistance (E/R) Probes                                26
         Ceion and Microcor Technologies                                   26
         Weight Loss Coupons                                               27
        New Software for Monitoring Pipe Corrosion                         27
        Cormit Technology                                                  27
      Thermography                                                         28
       Recent Developments in Thermography Condition Monitoring            29
      Lubricating Oil Analysis-Based Condition Monitoring                  30
       Significance of Lubrication                                         30
       Lubrication Management                                              30
        Oil Analysis                                                       30
       Wear Debris Analysis                                                31
       Oil and Wear Debris Analysis                                        31
       Software to Maintain Consolidated Lubrication Program               32

  5. DIGITAL FIELDBUS TECHNOLOGY - A REVIEW                                33
      Introduction to Fieldbus Technology                                  33
      Digital Fieldbus - Ideal Solution for Integrating Control and
       Condition Monitoring                                                33
      Advantages of Integrating Control and Condition Monitoring Data      34

  6. END-USE MARKETS                                                       35
      Vibration Monitoring Equipment                                       35
       Table 4: World Recent Past, Current & Future Analysis for
       Vibration Monitoring Equipment by End-Use Industry -
       Chemicals & Petrochemicals, Power, Aerospace & Defense,
       Process Industry and Other Markets Independently Analyzed
       with Annual Sales in US$ Million for Years 2009 through 2017
       (includes corresponding Graph/Chart)                                35

       Table 5: World Historic Review for Vibration Monitoring
       Equipment by End-Use Industry - Chemicals & Petrochemicals,
       Power, Aerospace & Defense, Process Industry and Other
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Million for Years 2003 through 2008 (includes
       corresponding Graph/Chart)                                          36

       Table 6: World 15-Year Perspective for Vibration Monitoring
       Equipment by End-Use Industry - Percentage Breakdown of Value
       Sales for Chemicals & Petrochemicals, Power, Aerospace &
       Defense, Process Industry and Other Markets for 2003, 2010 &
       2017 (includes corresponding Graph/Chart)                           37
      Lubricating Oil Analysis Equipment                                   38
       Table 7: World Recent Past, Current & Future Analysis for
       Lubricating Oil Analysis Equipment by End-Use Industry -
       Chemicals & Petrochemicals, Power, Aerospace & Defense,
       Process Industry and Other Markets Independently Analyzed
       with Annual Sales in US$ Million for Years 2009 through 2017
       (includes corresponding Graph/Chart)                                38

       Table 8: World Historic Review for Lubricating Oil Analysis
       Equipment by End-Use Industry - Chemicals & Petrochemicals,
       Power, Aerospace & Defense, Process Industry and Other
       Markets Independently Analyzed with Annual Sales Figures in
       US$ Million for Years 2003 through 2008 (includes
       corresponding Graph/Chart)                                          39

       Table 9: World 15-Year Perspective for Lubricating Oil
       Analysis Equipment by End-Use Industry - Percentage Breakdown
       of Value Sales for Chemicals & Petrochemicals, Power,
       Aerospace & Defense, Process Industry and Other Markets for
       2003, 2010 & 2017 (includes corresponding Graph/Chart)              40
      Thermography Equipment                                               41
       Table 10: World Recent Past, Current & Future Analysis for
       Thermography Equipment by End-Use Industry - Chemicals &
       Petrochemicals, Power, Aerospace & Defense, Process Industry
       and Other Markets Independently Analyzed with Annual Sales in
       US$ Million for Years 2009 through 2017 (includes
       corresponding Graph/Chart)                                          41

       Table 11: World Historic Review for Thermography Equipment by
       End-Use Industry - Chemicals & Petrochemicals, Power,
       Aerospace & Defense, Process Industry and Other Markets
       Independently Analyzed with Annual Sales Figures in US$
       Million for Years 2003 through 2008 (includes corresponding
       Graph/Chart)                                                        42

       Table 12: World 15-Year Perspective for Thermography
       Equipment by End-Use Industry - Percentage Breakdown of Value
       Sales for Chemicals & Petrochemicals, Power, Aerospace &
       Defense, Process Industry and Other Markets for 2003, 2010 &
       2017 (includes corresponding Graph/Chart)                           43

  7. PRODUCT INTRODUCTIONS/DEVELOPMENTS                                    44
      Azima DLI Launches the TRIO CX-7                                     44
      Insight Services Introduces TESTOIL                                  44
      Emerson Launches Portable CSI 2600 Machinery Health Expert           44
      FOX-TEK Introduces DMAT Platform                                     45
      GP Adds APR Technology into EtaPRO System                            45
      FLIR Launches E-Series Thermal Cameras                               45
      NEC Avio Launches InfReC R300 HD Infrared Camera                     46
      Rohrback Cosasco Launches MWT-3905-WE Wireless Extender              46
      Analog Devices Unveils Digital Tri-Axial Vibration Monitor
       ADIS16227 iSensor                                                   47
      Permasense Introduces Permasense System for Corrosion Monitoring     47
      Spectro Introduces SpectroTrack CMMS                                 48
      Spectro to Launch Spectroil Q100 Oil Analysis Spectrometer           48
      Schaeffler Unveils FAG Wear Debris Monitor                           49
      Analog Devices Develops New Vibration Sensor                         50
      CyberOptics Semiconductors Launches AVS 2.0 Vibration
       Monitoring Solution                                                 50
      Azima DLI Introduces WATCHMAN Intensive Care™ Equipment
       Condition Monitoring Solution                                       51
      ACP to Use Azima’s Vibration Monitoring Capabilities                 52
      Pepperl+Fuchs Introduces CorrTran® AQUA                              53
      Meggitt Sensing Unveils Accelerometers                               53
      Pepperl+Fuchs Unveils CorrTran® MV Corrosion Detection
       Transmitters                                                        53
      Omron Scientific Unveils G9SX-LM Low-speed Safety Monitoring Unit    54
      National Instruments Introduces Vision Capabilities to NI
       CompactRIO and NI Single-Board Rio                                  54
      Hitachi Unveils ZXLink Express                                       55
      Honeywell Upgrades HPW7000 High-Purity Water Measurement System      55
      IFM efector Introduces Vibration Switch                              55
      HONEYWELL Unveils STXW 500 and STTW 401 Input Transmitters           55
      ABB Launches MCM Series 16 Condition Monitoring Solution             56
      Schaeffler Expands Condition Monitoring Product Range                56
      Rohrback Cosasco Introduces Upgraded CORI- GPS Portable
       Current Interrupter                                                 57
      NVMS Releases Compass 6000 Condition Monitoring Platform             58
      PCB Piezotronics Unveils Model 357C90                                59
      DCG Systems Launches Meridian™ WaferScan, Elite™ Lock-in
       Thermography and Laser Voltage Imaging™ Diagnostic Tools            59
      GE Introduces Rightrax HT™ On-line Wall Thickness Monitoring
       System                                                              59
      IOtech Rolls Out Dynamic Signal Analyzers for High Channel
       Count Applications                                                  60
      Cosasco Unveils Cosasco® Side-Stream Assembly Corrosion
       Monitoring System                                                   60
      Dytran Instruments Releases High-temperature Vibration
       Monitoring Model                                                    60
      Rohrback Cosasco’s New Intelligent Interface Unit Allows
       Corrosion Monitoring System Integration                             61
      Emerson Extends Monitoring Capabilities of CSI 9210 Machinery
       Health Transmitter                                                  61
      Azima DLI Introduces WATCHMAN Remote™ for Wind Power Sector          61
      Azima Rolls Out WATCHMAN Reliability Services                        62
      LumaSense Unveils Mikron M7604F, M7604G Thermal Imaging Cameras      63
      SKF Debuts Multilog Online Condition-Monitoring Measurement
       Systems                                                             64
      Texas Inventors Unveils Water Body Vibration Monitoring System       64
      NI Launches Vibration and Sound Tools for Configurable,
       Interactive Data Analysis and Acquisition                           65
      LumaSense unveils MCL320MF Thermal Imaging Cameras                   65
      Massachusetts Based Inventors Create Signal Processing Method        66
      FLIR Systems Introduces FLIR i5 Thermal Imaging Camera               66
      Veyance Launches Goodyear Cord Guard Monitoring System               67

  8. RECENT INDUSTRY ACTIVITY                                              68
      Fluor Corporation to Team Up with Azima DLI                          68
      NEC Avio Acquires SOLTEC                                             68
      ESTec Acquires Encore Electronics                                    68
      FreeWave Technologies, Turningpoint Partner for Turbine
       Vibration Monitoring Technology                                     68
      EMW Industrial Inks Service Partnership Deal with Pepper
       Maintenance                                                         69
      Ingersoll Rand, Azima DLI to Partner for Equipment Service and
       Condition Monitoring Solutions                                      69
      Fiber Optic Systems Sells PinPoint’s Assets to Integrated Oil
       and Gas Company                                                     70
      Southern California Edison Installs Wireless System for
       Vibration Monitoring at Redlands Facility in California             70
      Dust Networks Offers SmartMesh Solution to GE Energy for
       Critical Asset Monitoring                                           70
      NEC Offers Emergency Supply of Thermography Systems to Mexico        71
      Marposs Completes Acquisition of ARTIS Systems                       72
      DLI Engineering Merges with Azima Holdings                           72
      GE Energy Announces Acquisition of Kelman To Upgrade the Smart
       Grid Portfolio                                                      72
      3M Acquires Quest Technologies Inc                                   73
      CAP-XX and Perpetuum Collaborate to Design Battery-Free
       Wireless Condition Monitoring                                       73
      GP Completes Acquisition of Performance Consulting Services          73
      Chevron Picks up GE Energy’s Technology to Enhance Reliability
       of Plant Equipment                                                  74

  9. FOCUS ON SELECT PLAYERS                                               75
      Azima DLI LLC (USA)                                                  75
      Brüel & Kjær Vibro (Denmark)                                         75
      ClampOn AS (Norway)                                                  75
      Corrpro Companies, Inc. (US)                                         76
      Data Physics Corporation (US)                                        76
      Emerson Process Management (US)                                      76
       Roxar ASA (Norway)                                                  77
      FLIR Systems, Inc. (US)                                              77
      GE Energy (US)                                                       77
      Honeywell Process Solutions (US)                                     78
      Fluke Corporation (US)                                               78
      ITT Corporation (US)                                                 78
      Kittiwake Developments Limited (UK)                                  79
      LumaSense Technologies (US)                                          79
      NEC Avio Infrared Technologies Co., Ltd. (Japan)                     80
      PCB Piezotronics Inc. (US)                                           80
      Rockwell Automation, Inc. (US)                                       80
      Rohrback Cosasco Systems (US)                                        80
      Scientific Monitoring, Inc. (US)                                     81
      Shinkawa Electric Co., Ltd. (Japan)                                  81
      SKF Condition Monitoring Inc. (US)                                   81
      SPM Instrument AB (Sweden)                                           81
      The Timken Company (US)                                              82

  10. GLOBAL MARKET PERSPECTIVE                                            83
      Table 13: World Recent Past, Current & Future Analysis for
      Machine Condition Monitoring Equipment by Geographic Region -
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Latin America, and Rest of World Markets Independently
      Analyzed with Annual Sales in US$ Million for Years 2009
      through 2017 (includes corresponding Graph/Chart)                    83

      Table 14: World Historic Review for Machine Condition
      Monitoring Equipment by Geographic Region - US, Canada, Japan,
      Europe, Asia-Pacific (excluding Japan), Latin America, and
      Rest of World Markets Independently Analyzed with Annual Sales
      Figures in US$ Million for Years 2003 through 2008 (includes
      corresponding Graph/Chart)                                           84

      Table 15: World 15-Year Perspective for Machine Condition
      Monitoring Equipment by Geographic Region - Percentage
      Breakdown of Value Sales for US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America and Rest of
      World Markets for 2003, 2010 & 2017 (includes corresponding
      Graph/Chart)                                                         85

      Table 16: World Recent Past, Current & Future Analysis for
      Vibration Monitoring Equipment by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America, and Rest of World Markets Independently Analyzed with
      Annual Sales in US$ Million for Years 2009 through 2017
      (includes corresponding Graph/Chart)                                 86

      Table 17: World Historic Review for Vibration Monitoring
      Equipment by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America, and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in US$ Million for Years 2003 through 2008 (includes
      corresponding Graph/Chart)                                           87

      Table 18: World 15-Year Perspective for Vibration Monitoring
      Equipment by Geographic Region - Percentage Breakdown of Value
      Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Latin America and Rest of World Markets for 2003,
      2010 & 2017 (includes corresponding Graph/Chart)                     88

      Table 19: World Recent Past, Current & Future Analysis for
      Thermography Equipment by Geographic Region - US, Canada,
      Japan, Europe, Asia-Pacific (excluding Japan), Latin America,
      and Rest of World Markets Independently Analyzed with Annual
      Sales in US$ Million for Years 2009 through 2017 (includes
      corresponding Graph/Chart)                                           89

      Table 20: World Historic Review for Thermography Equipment by
      Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America, and Rest of World Markets
      Independently Analyzed with Annual Sales Figures in US$
      Million for Years 2003 through 2008 (includes corresponding
      Graph/Chart)                                                         90

      Table 21: World 15-Year Perspective for Thermography Equipment
      by Geographic Region - Percentage Breakdown of Value Sales for
      US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
      Latin America and Rest of World Markets for 2003, 2010 & 2017
      (includes corresponding Graph/Chart)                                 91

      Table 22: World Recent Past, Current & Future Analysis for
      Lubricating Oil Analysis Equipment by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America, and Rest of World Markets Independently Analyzed with
      Annual Sales in US$ Million for Years 2009 through 2017
      (includes corresponding Graph/Chart)                                 92

      Table 23: World Historic Review for Lubricating Oil Analysis
      Equipment by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America, and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in US$ Million for Years 2003 through 2008 (includes
      corresponding Graph/Chart)                                           93

      Table 24: World 15-Year Perspective for Lubricating Oil
      Analysis Equipment by Geographic Region - Percentage Breakdown
      of Value Sales for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Latin America and Rest of World Markets for
      2003, 2010 & 2017 (includes corresponding Graph/Chart)               94

      Table 25: World Recent Past, Current & Future Analysis for
      Corrosion Monitoring Equipment by Geographic Region - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin
      America, and Rest of World Markets Independently Analyzed with
      Annual Sales in US$ Million for Years 2009 through 2017
      (includes corresponding Graph/Chart)                                 95

      Table 26: World Historic Review for Corrosion Monitoring
      Equipment by Geographic Region - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Latin America, and Rest of
      World Markets Independently Analyzed with Annual Sales Figures
      in US$ Million for Years 2003 through 2008 (includes
      corresponding Graph/Chart)                                           96

      Table 27: World 15-Year Perspective for Corrosion Monitoring
      Equipment by Geographic Region - Percentage Breakdown of Value
      Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding
      Japan), Latin America and Rest of World Markets for 2003, 2010 &
      2017 (includes corresponding Graph/Chart)                            97

  11. THE UNITED STATES                                                    98
      A.Market Analysis                                                    98
        Current & Future Analysis                                          98
        Corrosion Costs in the US                                          98
        Product Launches                                                   98
        Strategic Corporate Developments                                   116
        Select Players                                                     121
      B.Market Analytics                                                   127
        Table 28: US Recent Past, Current & Future Analysis for
        Machine Condition Monitoring Equipment by Product Segment -
        Vibration Monitoring Equipment, Thermography Equipment,
        Lubricating Oil Analysis Equipment and Corrosion Monitoring
        Equipment Markets Independently Analyzed with Annual Sales
        in US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         127

        Table 29: US Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         128

        Table 30: US 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Percentage
        Breakdown of Value Sales for Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          129

  12. CANADA                                                               130
      A.Market Analysis                                                    130
        Current & Future Analysis                                          130
        Product Launches                                                   130
        Strategic Corporate Development                                    131
      B.Market Analytics                                                   132
        Table 31: Canadian Recent Past, Current & Future Analysis
        for Machine Condition Monitoring Equipment by Product
        Segment - Vibration Monitoring Equipment, Thermography
        Equipment, Lubricating Oil Analysis Equipment and Corrosion
        Monitoring Equipment Markets Independently Analyzed with
        Annual Sales in US$ Million for Years 2009 through 2017
        (includes corresponding Graph/Chart)                               132

        Table 32: Canadian Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         133

        Table 33: Canadian 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Percentage
        Breakdown of Value Sales for Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          134

  13. JAPAN                                                                135
      A.Market Analysis                                                    135
        Current & Future Analysis                                          135
        Select Players                                                     135
         NEC Avio Infrared Technologies Co., Ltd. (Japan)                  135
         Shinkawa Electric Co., Ltd. (Japan)                               135
      B.Market Analytics                                                   136
        Table 34: Japanese Recent Past, Current & Future Analysis
        for Machine Condition Monitoring Equipment by Product
        Segment - Vibration Monitoring Equipment, Thermography
        Equipment, Lubricating Oil Analysis Equipment and Corrosion
        Monitoring Equipment Markets Independently Analyzed with
        Annual Sales in US$ Million for Years 2009 through 2017
        (includes corresponding Graph/Chart)                               136

        Table 35: Japanese Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         137

        Table 36: Japanese 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Percentage
        Breakdown of Value Sales for Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          138

  14. EUROPE                                                               139
       Market Analysis                                                     139
        Table 37: European Recent Past, Current & Future Analysis
        for Machine Condition Monitoring Equipment by Geographic
        Region - France, Germany, Italy, UK, Spain, Russia and Rest
        of Europe Markets Independently Analyzed with Annual Sales
        in US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         139

        Table 38: European Historic Review for Machine Condition
        Monitoring Equipment by Geographic Region - France, Germany,
        Italy, UK, Spain, Russia and Rest of Europe Markets
        Independently Analyzed with Annual Sales Figures in US$
        Million for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       140

        Table 39: European 15-Year Perspective for Machine Condition
        Monitoring Equipment by Geographic Region - Percentage
        Breakdown of Value Sales for France, Germany, Italy, UK,
        Spain, Russia and Rest of Europe Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          141

        Table 40: European Recent Past, Current & Future Analysis
        for Machine Condition Monitoring Equipment by Product
        Segment - Vibration Monitoring Equipment, Thermography
        Equipment, Lubricating Oil Analysis Equipment and Corrosion
        Monitoring Equipment Markets Independently Analyzed with
        Annual Sales in US$ Million for Years 2009 through 2017
        (includes corresponding Graph/Chart)                               142

        Table 41: European Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales in US$
        Million for Years 2003 through 2008 (includes corresponding
        Graph/Chart)                                                       143

        Table 42: European 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets for 2003, 2010 & 2017 (includes corresponding
        Graph/Chart)                                                       144

  14a. FRANCE                                                              145
       Market Analysis                                                     145
        Table 43: French Recent Past, Current & Future Analysis for
        Machine Condition Monitoring Equipment by Product Segment -
        Vibration Monitoring Equipment, Thermography Equipment,
        Lubricating Oil Analysis Equipment and Corrosion Monitoring
        Equipment Markets Independently Analyzed with Annual Sales
        in US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         145

        Table 44: French Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         146

        Table 45: French 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Percentage
        Breakdown of Value Sales for Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          147

  14b. GERMANY                                                             148
      A.Market Analysis                                                    148
        Current & Future Analysis                                          148
        Strategic Corporate Development                                    148
      B.Market Analytics                                                   149
        Table 46: German Recent Past, Current & Future Analysis for
        Machine Condition Monitoring Equipment by Product Segment -
        Vibration Monitoring Equipment, Thermography Equipment,
        Lubricating Oil Analysis Equipment and Corrosion Monitoring
        Equipment Markets Independently Analyzed with Annual Sales
        in US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         149

        Table 47: German Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         150

        Table 48: German 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Percentage
        Breakdown of Value Sales for Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          151

  14c. ITALY                                                               152
       Market Analysis                                                     152
        Table 49: Italian Recent Past, Current & Future Analysis for
        Machine Condition Monitoring Equipment by Product Segment -
        Vibration Monitoring Equipment, Thermography Equipment,
        Lubricating Oil Analysis Equipment and Corrosion Monitoring
        Equipment Markets Independently Analyzed with Annual Sales
        in US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         152

        Table 50: Italian Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         153

        Table 51: Italian 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Percentage
        Breakdown of Value Sales for Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          154

  14d. THE UNITED KINGDOM                                                  155
      A.Market Analysis                                                    155
        Current & Future Analysis                                          155
        Product Launches                                                   155
        Strategic Corporate Development                                    158
        Kittiwake Developments Limited - A Key Player                      158
      B.Market Analytics                                                   159
        Table 52: UK Recent Past, Current & Future Analysis for
        Machine Condition Monitoring Equipment by Product Segment -
        Vibration Monitoring Equipment, Thermography Equipment,
        Lubricating Oil Analysis Equipment and Corrosion Monitoring
        Equipment Markets Independently Analyzed with Annual Sales
        in US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         159

        Table 53: UK Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         160

        Table 54: UK 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Percentage
        Breakdown of Value Sales for Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          161

  14e. SPAIN                                                               162
       Market Analysis                                                     162
        Table 55: Spanish Recent Past, Current & Future Analysis for
        Machine Condition Monitoring Equipment by Product Segment -
        Vibration Monitoring Equipment, Thermography Equipment,
        Lubricating Oil Analysis Equipment and Corrosion Monitoring
        Equipment Markets Independently Analyzed with Annual Sales
        in US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         162

        Table 56: Spanish Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         163

        Table 57: Spanish 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Percentage
        Breakdown of Value Sales for Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          164

  14f. RUSSIA                                                              165
       Market Analysis                                                     165
        Table 58: Russian Recent Past, Current & Future Analysis for
        Machine Condition Monitoring Equipment by Product Segment -
        Vibration Monitoring Equipment, Thermography Equipment,
        Lubricating Oil Analysis Equipment and Corrosion Monitoring
        Equipment Markets Independently Analyzed with Annual Sales
        in US$ Million for Years 2009 through 2017 (includes
        corresponding Graph/Chart)                                         165

        Table 59: Russian Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         166

        Table 60: Russian 15-Year Perspective for Machine Condition
        Monitoring Equipment by Product Segment - Percentage
        Breakdown of Value Sales for Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets for 2003, 2010 &
        2017 (includes corresponding Graph/Chart)                          167

  14g. REST OF EUROPE                                                      168
      A.Market Analysis                                                    168
        Current and Future Analysis                                        168
        Product Launches                                                   168
        Select Players                                                     169
      B.Market Analytics                                                   170
        Table 61: Rest of Europe Recent Past, Current & Future
        Analysis for Machine Condition Monitoring Equipment by
        Product Segment - Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets Independently
        Analyzed with Annual Sales in US$ Million for Years 2009
        through 2017 (includes corresponding Graph/Chart)                  170

        Table 62: Rest of Europe Historic Review for Machine
        Condition Monitoring Equipment by roduct Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         171

        Table 63: Rest of Europe 15-Year Perspective for Machine
        Condition Monitoring Equipment by Product Segment -
        Percentage Breakdown of Value Sales for Vibration Monitoring
        Equipment, Thermography Equipment, Lubricating Oil Analysis
        Equipment and Corrosion Monitoring Equipment Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             172

  15. ASIA-PACIFIC                                                         173
      A.Market Analysis                                                    173
        Current & Future Analysis                                          173
        Product Launch                                                     173
        Strategic Corporate Development                                    174
      B.Market Analytics                                                   175
        Table 64: Asia-Pacific Recent Past, Current & Future
        Analysis for Machine Condition Monitoring Equipment by
        Product Segment - Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets Independently
        Analyzed with Annual Sales in US$ Million for Years 2009
        through 2017 (includes corresponding Graph/Chart)                  175

        Table 65: Asia-Pacific Historic Review for Machine Condition
        Monitoring Equipment by Product Segment - Vibration
        Monitoring Equipment, Thermography Equipment, Lubricating
        Oil Analysis Equipment and Corrosion Monitoring Equipment
        Markets Independently Analyzed with Annual Sales Figures in
        US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         176

        Table 66: Asia-Pacific 15-Year Perspective for Machine
        Condition Monitoring Equipment by Product Segment -
        Percentage Breakdown of Value Sales for Vibration Monitoring
        Equipment, Thermography Equipment, Lubricating Oil Analysis
        Equipment and Corrosion Monitoring Equipment Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             177

  16. LATIN AMERICA                                                        178
       Market Analysis                                                     178
        Table 67: Latin America Recent Past, Current & Future
        Analysis for Machine Condition Monitoring Equipment by
        Product Segment - Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets Independently
        Analyzed with Annual Sales in US$ Million for Years 2009
        through 2017 (includes corresponding Graph/Chart)                  178

        Table 68: Latin America Historic Review for Machine
        Condition Monitoring Equipment by Product Segment -
        Vibration Monitoring Equipment, Thermography Equipment,
        Lubricating Oil Analysis Equipment and Corrosion Monitoring
        Equipment Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         179

        Table 69: Latin America 15-Year Perspective for Machine
        Condition Monitoring Equipment by Product Segment -
        Percentage Breakdown of Value Sales for Vibration Monitoring
        Equipment, Thermography Equipment, Lubricating Oil Analysis
        Equipment and Corrosion Monitoring Equipment Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             180

  17. REST OF WORLD                                                        181
       Market Analysis                                                     181
        Table 70: Rest of World Recent Past, Current & Future
        Analysis for Machine Condition Monitoring Equipment by
        Product Segment - Vibration Monitoring Equipment,
        Thermography Equipment, Lubricating Oil Analysis Equipment
        and Corrosion Monitoring Equipment Markets Independently
        Analyzed with Annual Sales in US$ Million for Years 2009
        through 2017 (includes corresponding Graph/Chart)                  181

        Table 71: Rest of World Historic Review for Machine
        Condition Monitoring Equipment by Product Segment -
        Vibration Monitoring Equipment, Thermography Equipment,
        Lubricating Oil Analysis Equipment and Corrosion Monitoring
        Equipment Markets Independently Analyzed with Annual Sales
        Figures in US$ Million for Years 2003 through 2008 (includes
        corresponding Graph/Chart)                                         182

        Table 72: Rest of World 15-Year Perspective for Machine
        Condition Monitoring Equipment by Product Segment -
        Percentage Breakdown of Value Sales for Vibration Monitoring
        Equipment, Thermography Equipment, Lubricating Oil Analysis
        Equipment and Corrosion Monitoring Equipment Markets for
        2003, 2010 & 2017 (includes corresponding Graph/Chart)             183


  COMPETITIVE LANDSCAPE

     Total Companies Profiled: 156 (including Divisions/Subsidiaries - 190)

     ------------------------------------------
     Region/Country                     Players
     ------------------------------------------
     The United States                     62
     Canada                                 5
     Japan                                  3
     Europe                               115
      France                               18
      Germany                              20
      The United Kingdom                   48
      Italy                                 1
      Spain                                 2
      Rest of Europe                       26
     Asia-Pacific (Excluding Japan)         5
     ------------------------------------------