Condition Monitoring Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
BKR | B | Baker Hughes Company | -1.40 | |
MG | D | Mistras Group Inc | 1.31 |
Related Industries: Oil & Gas Equipment & Services Security & Protection Services
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
IEZ | B | iShares U.S. Oil Equipment & Services ETF | 23.07 | |
OIH | B | Market Vectors Oil Services ETF | 14.72 | |
PXJ | B | PowerShares Dynamic Oil Services | 6.39 | |
XES | B | SPDR S&P Oil & Gas Equipment & Services ETF | 5.69 | |
RSPG | A | Invesco S&P 500 Equal Weight Energy ETF | 5.26 |
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- Condition Monitoring
Condition monitoring (colloquially, CM) is the process of monitoring a parameter of condition in machinery (vibration, temperature etc.), in order to identify a significant change which is indicative of a developing fault. It is a major component of predictive maintenance. The use of condition monitoring allows maintenance to be scheduled, or other actions to be taken to prevent consequential damages and avoid its consequences. Condition monitoring has a unique benefit in that conditions that would shorten normal lifespan can be addressed before they develop into a major failure. Condition monitoring techniques are normally used on rotating equipment, auxiliary systems and other machinery (compressors, pumps, electric motors, internal combustion engines, presses), while periodic inspection using non-destructive testing (NDT) techniques and fit for service (FFS) evaluation are used for static plant equipment such as steam boilers, piping and heat exchangers.
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