Vibration Monitoring Market:
The GMI Research expects the vibration monitoring market to expand at a significant rate. From a regional perspective, the Asia-Pacific is expected to dominate the market due to the rising development in the infrastructure, followed by the various growth opportunities for the business expansion. The rapid industrialization and increase in manufacturing activities will further surge the market growth.
Vibration Monitoring Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The rising penetration of smart factories, the growing use of wireless systems in the monitoring of machine condition, the increasing adoption of automation condition monitoring technologies, and the strong demand for predictive maintenance for improving productivity are the significant factors responsible for the growth of the global vibration monitoring market size. Moreover, the continuously rising capital investments by the government and organizations in numerous industries, such as pulp& paper, metals, and others, and the requirement to decrease the cost of operations in plants are some other factors driving the market demand in the upcoming years. Furthermore, the launch of cloud computing platforms for condition monitoring, the strong demand for the increasing applications, and the rise of big data analytics and machine learning will further augment the growth of the market globally.
Various benefits offered by vibration monitoring, including reduced unplanned outages and downtime, the declining production & maintenance costs, followed by improved maintenance and decreased workforce size, will pay the way for the growth of the market. On the other hand, limited trained technical persons for data analysis and extra installation costs of vibration monitoring solutions on the active machinery will hinder the growth of the global vibration monitoring market.
Offering Segment Drivers
Based on the offering, the hardware segment is projected to increase at a faster CAGR in the upcoming years due to the information which is obtained from the hardware enables operative predictive maintenance program to prevent costly downtime. The devices like velocity sensors, accelerometers, and others are taken as the main components of the vibration monitoring systems as these devices enable the easy availability of data regarding the vibration levels in advance.
Vibration Monitoring Market’s leading Manufacturers:
- General Electric
- Rockwell Automation, Inc.
- Emerson Electric Co.
- Honeywell International Inc
- National Instruments
- SKF
- Bruel & Kjaer
- Schaeffler AG
- Meggitt PLC
- Analog Devices, Inc
Vibration Monitoring Market Segmentation:
Segmentation by Offering:
- Hardware
- Accelerometers
- Velocity Sensors
- Proximity Probes
- Transmitters
- Others
- Software
- Diagnostic Reporting
- Data Integration
- Parameter Calculation
Segmentation by Monitoring Process:
- Portable Vibration Monitoring
- Online Vibration Monitoring
Segmentation by System Type:
- Vibration Analyzers
- Embedded Systems
- Vibration Meters
Segmentation by Industry:
- Energy & Power
- Chemicals
- Oil & Gas
- Automotive
- Metals & Mining
- Aerospace & Defense
- Marine
- Pulp & Paper
- Food & Beverages
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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