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Also known as ‘watch keeping’ is a less well-known condition monitoring technique. It can be applied to rotating and reciprocating machinery such as pumps, compressors, and turbines, as well as stationary items such as boilers and heat exchangers. Measurements are required of physical quantities: temperature, pressure, flow, speed, displacement, according to the plant item. Performance analysis is often closely related to energy efficiency, and therefore has long been applied in steam power generation plants.