Press release
Industrial Vibration Sensor Market Globally Grow at a CAGR of 13.21% by 2026 | Top Key Players - General Electric Company, Schaeffler Group, Analog Devices, Omron, National Instruments Corporation
Market Highlights:Global Industrial Vibration Sensor market is expected to grow at a CAGR of 13.21% by 2026. The growth of the market is propelled by rising reputation of smart factories which drive the need for sensing technologies, increasing demand for collaborative robots and growing emergence of fiber optic sensors will gain traction in the market during the forecast period. Moreover, the acceptance of vibration sensing technologies will lead to high manufacturing rates and decreases wastage and also ensure improved quality control. However, approach and usability from the end-user segment is creating hurdles in the market growth.
Depending on end user, process industries segment dominated the global market owing to rise in demand for security measures in industries such as power, oil & gas, mining, food and beverage. Also, due to the attachment of sub-processes and critical situations in intense working situations, the use of these vibration sensors is more in process industries.
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Top Industry Players:
Some of the key players in this market include General Electric Company, Schaeffler Group, Analog Devices, Omron, National Instruments Corporation, Wilcoxon Sensing Technologies., ETS Solutions Asia Pte Ltd., SKF Group, Preditec/IRM (Alava Ingenieros Group), ABB AS, Waites Wireless Sensor Technologies LLC, Pruftechnik Dieter Busch AG, BeanAir Germany, I-Care Group and Evigia Systems, Inc.
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 9 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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Market Segments:
Based on geography, Asia Pacific region contributed the maximum revenue and witnessed to dominate the global market owing to rising urbanization, growing demand for wide power generations and establishment of new oil and gas plants, will favour to this region.
Products Covered:
• Velocity Sensor
• Displacement Sensor
• Acceleration Sensor
End Users Covered:
• Process Industries
• Discrete Industries
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