Press release
Vibration Monitoring Market to reach $1.90 billion by 2023 growing at a CAGR of 7.8%
Vibration Monitoring Market
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According to HTF, the Global Vibration Monitoring Market is accounted for $1.12 billion in 2016 and is expected to reach $1.90 billion by 2023 growing at a CAGR of 7.8% during the forecast period. Some of the driving factors such as growing demand for vibration monitoring through wireless systems, infiltration of smart factory, rising demand for applications and increasing awareness towards predictive maintenance are contributing for the market growth. On the contrary, unnecessary cost of maintenance and extra cost of retrofitting vibration monitoring solutions on existing machinery are some restraints hampering the market. Vibration monitoring systems are used for reducing the price of operation by maintenance cost and reducing the occurrences of unexpected outages. The usage of this equipment is growing at a wide range in various industrial applications owing to its capability to identify potential failures in advance of any machinery.
Based on system type, embedded systems segment is anticipated to grow at a highest CAGR during the forecast period owing to increasing recognition for embedded systems in various industries for their capabilities and advantages.
Depending on product, online vibration monitor segment held a larger share and is widely used in crucial plants that work constantly and are highly prone to defects. On the other hand, the major factors driving the portable devices include lesser investments and nature of mobile systems than that for the non-portable monitors.
By geography, North America commanded the largest market share due to increasing penetration of smart manufacturing in several industries which created a heavy demand for vibration monitor in this region.
Some of the key players in this market include Vibrosystm Inc., STI Vibration Monitoring Inc., SKF Ab, Schaeffler Technologies Ag & Co. Kg, Pruftechnik Dieter Busch Ag., Omron Corporation, Mistras Group Inc., Meggitt Plc, Honeywell International Inc., General Electric, Emerson Electric Co., Bruel & Kjaer Sound & Vibration, Measurement A/S, Analog Devices Inc., Te Connectivity Ltd., SPM Instrument Ab, Shinkawa Electric Co. Ltd., Rockwell Automation Inc., Pce Instruments Uk Ltd., National Instruments Corporation and Metrix Instrument Co. Lp.
System Types Covered:
• Vibration Meters
• Embedded Systems
• Vibration Analyzers
Offerings Covered:
• Software
• Hardware
• Services
Products Covered:
• Non-Portable Devices
• Portable Devices
• Online Vibration Monitor
• Other Products
End Users Covered:
• Pulp and Paper
• Food and Beverages
• Automotive
• Metals and Mining
• Oil and Gas
• Marine
• Aerospace and Defense
• Chemicals
• Energy and Power
• Semiconductor and Electronics
• Cement
• Railways
• Other End Users
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Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o U.K.
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Vibration Monitoring Market, By System Type
5.1 Introduction
5.2 Vibration Meters
5.3 Embedded Systems
5.4 Vibration Analyzers
6 Global Vibration Monitoring Market, By Offering
6.1 Introduction
6.2 Software
....Continued
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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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