Vibration Monitoring Market, By Component (Hardware, Software, Services), By System Types (Vibration analyzers, Embedded systems, Vibration meters), By End-Users (Automotive, Metal and Mining, Food & Beverages, Chemicals, Oil & Gas) - Global Forecast 2023
Pune, India -- (SBWIRE) -- 08/25/2017 -- Market Highlights
The study reveals that the Vibration Monitoring is trending in North America region. The global Vibration Monitoring market is expected to witness a high growth in the coming years. Moreover, the vibration monitoring system integrated with microprocessor which provide the monitoring of vibration levels in number of machines. Moreover, the Vibration Monitoring Market has huge potential in forecast years due to the electronic vibration monitoring the online vibration condition of machines and equipment.
The study indicates that the vibration analysis can also detect the misalignment and unbalance information which prompt the demand of vibration monitoring market. The improved infrastructure of vibration monitoring is providing the performance information and control systems to interlink planning, start-up, production, and maintenance are the driving factor of this market.
The Vibration Monitoring Market is growing rapidly over 6.6% of CAGR and is expected to reach at USD $~2.03 Billion by the end of forecast period.
Vibration Monitoring Market Players:
- Honeywell International Inc. (US)
- Emerson Electric Co. (US)
- General Electric (US)
- Analog Devices Inc.(US)
- SKF AB (Sweden)
- National Instruments Corp. (US)
- Rockwell Automation, Inc. (US)
- Schaeffler Technologies AG & Co. KG (Germany)
- Bruel & Kiaer Sound & Vibration Measurement A/S (Denmark)
- Meggitt PLC (UK)
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Vibration Monitoring Market Segmentation
The Vibration Monitoring Market has been segmented on the basis of c component, system type, end-users, and region. The vibration monitoring has wide range of applications across several industries such as oil and gas, automotive, and manufacturing. The new technical requirements will grow the demand of vibration monitoring and will lead to the developments in the hardware and software modules.
Market Research Analysis:
On geographic basis, the vibration monitoring market is studied in different regions as America, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the vibration monitoring market. Europe is to be estimated to be second largest market for vibration monitoring during the forecast period, this is due to the rise on-line vibration monitoring which recognize the fault diagnosis and prognosis of the system. In APAC region, the vibration monitoring market is expected to the highest CAGR in the forthcoming years.
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- Raw material providers
- Vibration monitoring manufacturers
- Original equipment manufacturers
- Research organizations and consulting companies
- Vibration monitoring-related associations
- Distributors and traders
- Government bodies
- Semiconductor product designers and fabricators
- Research institutes and organizations
- Technology standards organizations
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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