A literature survey was taken up to review present status of research in the field of condition monitoring. Machine condition monitoring is gaining importance in industry because of the need to increase reliability and to decrease the possibility of productionloss due to the machine breakdown. The use of vibration and acoustic emission signals isquite common in the field of condition monitoring of rotating machinery. By comparingthe signals of a machine running in the normal and faulty conditions. Detection of faultslike unbalance, rotor rub, shaft misalignment, gear failure and bearing defects is possible.These signals can also be used to detect the incipient failures of the machine components,through the online monitoring system, reducing the possibility of catastrophic damageand the down time. Some of the recent works in this area are.
R.K BISWAS, 
Scientist and head, condition monitoring group, CMERI,DURGAPUR. Presented paper on “
Vibration based condition monitoring of rotatingmachines”
states that Condition Monitoring is defined as the collection, comparison andstorage of measurements defining machine condition. Almost everyone will recognize theexistence of a machine problem sooner or later. One of the objectives of ConditionMonitoring is to recognize damage that has occurred so that ample time is available toschedule repairs with minimum disruption to operation and production. In this aspectvibration is probably the best operating parameter to judge dynamic condition of machines. Condition monitoring is essentially a screening process in whichmeasurements and other data are compared to pre-established norms for the purpose of recognizing abnormal variations.
A machine seldom breaks down without warning. The signs of impending breakdown are almost present long before the catastrophic failure. Vibration signalsdefine the dynamic property of the machine including various faults of machine like bearing instability, unbalance, coupling misalignment, looseness, rubs, etc. Vibration3