Pune, India -- (SBWire) -- 07/25/2018 --Vibration monitoring systems are used for the purpose of decreasing the cost of operation by reducing the occurrences of unplanned outages and maintenance cost. These systems are further utilized for optimizing several maintenance activities at the time of a planned shutdown. The latest trend in this market is wireless vibration monitoring systems, which are handy and easy to use and company awareness towards unplanned maintenance. These systems are gaining rising trends in the small factories to reduce the unpredicted outages and predictive maintenance. This system detects the faults in the system, so they are widely used to reduce the future risk in the industries.
Market Overview:
Global Vibration Monitoring Market accounted to USD 1.3 billion in 2016 growing at a CAGR of 7.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Vibration Monitoring Market, By Monitoring system (Route-Based Monitoring, Portable Machine Diagnostics, Online Machine Monitoring, Online Machine Protection, Factory Assurance Test) By Monitoring Technology (Vibration Analysis, Corrosion monitoring, Lubricant Analysis, Infrared Thermography, Ultrasound Testing, Motor Condition Monitoring) By Application (Automotive, Chemicals, Renewable Energy, Oil & Gas, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
Top Key Players analyzed in Global Vibration Monitoring Market are -
- Azima DLI Corporation
- Analog Devices
- Emerson Electric Co., Inc
- Bruel & Kjaer Sound & Vibration Measurement A/S
- Honeywell International, Inc.
- National Instruments Corporation, Inc.
- PCB Piezotronics Inc.
- General Electric Company
- Rockwell Automation
- Meggitt PLC
- SKF
- Data Physics Corporation, and SPM Instrument
- National Instruments Corporation
- PRÜFTECHNIK Dieter Busch AG
- Svenska Kullagerfabriken AB (SKF)
- Bachmann electronic GmbH
- Brüel & Kjær Vibro GmbH
- Parker Kittiwake
- ifm electronic gmbh
- Among others.
Vibration Monitoring Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
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Report Segmentation:
On the basis of monitoring system:
- Route-Based Monitoring
- Portable Machine Diagnostics
- Online Machine Monitoring
- Online Machine Protection
- Factory Assurance Test
On the basis of Monitoring Technology:
- Vibration Analysis
- Corrosion monitoring
- Lubricant Analysis
- Infrared Thermography
- Ultrasound Testing
- Motor Condition Monitoring
On the basis of application:
- Automotive
- Chemicals
- Renewable Energy
- Oil & Gas
- Others
On the basis of geography:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
Market Drivers and Restraints:
- Rising trend of wireless vibration monitoring systems
- Growing awareness toward predictive maintenance
- Emerging applications
- Rising demand for smart factory
- Additional cost associated with existing machinery
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Vibration Monitoring Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Global Vibration Monitoring Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Vibration Monitoring Market Development Status and Growth Analysis of General Electric Company, Rockwell Automation, Data Physics Corporation, Analog Devices, Emerson Electric
Databridgemarketresearch.com released a new research report of 350 pages on titled “Global Vibration Monitoring Market Research Report 2018-2024 by Players, Regions, Size, Share and Applications” with detailed analysis, forecast and strategies.