Vibration Monitoring System Market Viewpoint By Applications, Regions And Leading Key Players – General Electric Company, Emerson, Meggitt, Honeywell, ABB, Bosch Rexroth AG and National Instruments Corporation

Global Vibration Monitoring System Market Analysis
According to Verified Market Research, the Global Vibration Monitoring Systems Market was valued at USD 1.14 Billion in 2018 and is projected to reach USD 1.74 Billion by 2026, growing at a CAGR of 5.38% from 2019 to 2026.

Vibration Monitoring (VM) is a subset of Condition Monitoring (CM) that focuses on monitoring vibration trends in machinery to help predict and identify developing or worsening faults. Condition monitoring is the use of advanced technologies to determine the condition of equipment and predict its failure. Vibration monitoring systems are used to monitor the electrical signals produced due to vibration. Vibration analysis is a process of looking for anomalies and monitoring change from the established vibration signature of a system. The vibration of any object in motion is characterized by variations of amplitude, intensity, and frequency. The vibration monitoring system comprises of vibration sensors which can measure and analyze displacement, linear velocity, and acceleration.

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Global Vibration Monitoring System Market Overview

Rapid industrialization at a global level has brought a wide range of applications which uses vibration monitoring and has boomed the global vibration monitoring market. With increasing advancement in industrialization, the number of applications has also been growing which requires vibration monitoring as an equipment for assessing vibrations and administering its working. The applications of vibration monitoring lies in various industries such as oil & gas, chemical & pharmaceutical, aerospace & defense, and wastewater treatment plants. Thus, it can be concluded that with growing needs of the population and their preferences, rapid industrialization is taking place to suit the needs demanded by the population along with obeying the stringent regulations set by the government.

Hence, it can be anticipated that the market for vibration monitoring is growing with rapid industrialization and acts as a potential driver for the global market.

Furthermore, vibration monitoring systems can be widely used in Oil & Gas, Energy & Power, Metals & Mining, Chemicals, Aerospace & Defense and various type of industries. However, its use in the oil & gas is growing as oil and gas operations, including offshore, petrochemical, refineries, and chemical, top the list of extreme operating environments. The work conditions in the industry are hazardous. Thus, detecting and preventing unexpected oil and gas machinery and component problems is necessary and the use of vibration monitoring can help to overcome it. This fuels the growth of the vibration monitoring system globally.

In spite of making sustainable progress, vibration monitoring suffers a potential threat regarding cost fluctuations. Owned by the fluctuating cost of raw materials, the charges for installing vibration monitoring systems will also be unstable and would require a need to find a substitute for the vibration monitoring systems. This characteristic of vibration monitoring systems could act as a potential restraint and can hinder the growth of the global vibration monitoring market during the forecast period.

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The Vibration Monitoring System market is segmented on the basis of the monitoring process, offering, industry, system type, and geography. On the basis of industry, the market is bifurcated into Oil & Gas, Energy & Power, Metals & Mining, Chemicals, Automotive, Marine, Railways, Cement, Pulp & Paper, and Semiconductor & Electronics.

As It can be seen in the above figure, the market size of vibration monitoring in the oil and gas sector is largest and is expected to at a CAGR of 6.7% from 2018 to 2025. The vibration monitoring system can play an important role in the oil and gas industries. It helps in monitoring various equipment such as motors, mixers, compressors, turbines, pumps, blowers, chillers, gearboxes etc. that are used in gas supply and petrochemical industry. It also helps in optimizing the unique challenges of protecting and monitoring the reciprocating machinery of the oil and gas industry. Therefore, the vibration monitoring system installed in the machinery of oil and gas industry ensures the effective monitoring of machine health and provides early warning of potential damage.

On the basis of the regional analysis, North America accounted for 34.28% and further dominated the Vibration Monitoring Market in 2017. The market for automation and industrial controls is largest in North America particularly in the U.S. The range of such robotics varied from automotive parts, electrical/electronics to metal/machinery and other motor vehicles. Vibration monitoring systems can be considered a part of industrial and factory automation has accelerated its purchases in the manufacturing process. Another reason which has elevated the penetration of vibration monitoring in the U.S. can be involvement of this region in several industries.
The major players in the market are General Electric Company, Emerson Electric Co., Meggitt PLC, Honeywell International Inc., ABB Ltd., Bosch Rexroth AG, and National Instruments Corporation.

Table Of Content
• Introduction Of The Global Vibration Monitoring System
• Executive Summary
• Research Methodology Of Verified Market Intelligence
• The Global Vibration Monitoring System Outlook
• The Global Vibration Monitoring System, By Systems
• The Global Vibration Monitoring System, By Service
• The Global Vibration Monitoring System, By Verticals
• The Global Vibration Monitoring System, By Applications
• The Global Vibration Monitoring System, By Geography
• The Global Vibration Monitoring System Competitive Landscape

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 System 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 Vibration Monitoring System 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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