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Vibration Monitoring Systems Market Latest Technology Advancements and Growth Analysis 2021 to 2026| Emerson Electric, National Instruments, PCB Piezotronics, General Electric, Rockwell Automation

06-11-2021 07:01 AM CET | Industry, Real Estate & Construction

Press release from: Market Insights Reports

The report presents an in-depth assessment of the Vibration Monitoring Systems Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Vibration Monitoring Systems investments from 2021 till 2026.

The global Vibration Monitoring Systems Market size is projected to be valued at USD 1.5 billion in 2021 to reach USD 2.2 billion by 2026, at a CAGR of 8.4% during the forecast period.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Vibration Monitoring Systems Market: Azima DLI, Analog Devices, Emerson Electric, National Instruments, PCB Piezotronics, General Electric, Rockwell Automation, Meggitt, SKF, Data Physics, SPM    

Market Overview:

Vibration monitoring is a technique for examining machines to detect damages and ensure the efficiency of industrial production in the long term. These systems monitor, analyze, and identify vibrations, which may indicate a malfunction, fore-coming failure, or process restriction.  Vibration monitoring is one of the major components of predictive maintenance that drives the vibration monitoring market growth. It is used primarily on rotating equipment such as steam & gas turbines, pumps, motors, compressors, paper machines, rolling mills, machine tools, and gearboxes. It is used to determine the operating and mechanical condition of this equipment. A major advantage is that vibration analysis can identify developing problems before they become too serious and cause unscheduled downtime.

Recent Developments:

April 21, 2021: GE Renewable Energy to supply 42 onshore wind turbines totaling 110 MW for CleanMax Wind Hybrid Projects in India

GE Renewable Energy today announced the supply of 42 units of 2.7-132 onshore wind turbines for the onshore wind hybrid projects to CleanMax totaling 110 MW. These wind farms will contribute significantly to India’s commitment to harness the majority of its electricity from renewable sources meeting its target of 175 GW of renewable energy (with 60 GW coming from wind) by 2022.

January 19, 2021: Rockwell Automation Completes the Acquisition of Fiix Inc., Cloud Software Company for Leading Edge Maintenance Solutions

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, has completed the acquisition of Fiix Inc., an AI-enabled computerized maintenance management system (CMMS) company based in Toronto, Ontario, Canada. Fiix’s cloud-native software helps companies to schedule, organize and track equipment maintenance. It connects seamlessly to business systems and drives data-driven decisions. The addition of Fiix advances Rockwell Automation’s software strategy and enhances capabilities in the company’s Lifecycle Services business, which provides a full range of industrial automation services to help customers maximize the value of their production assets, systems, plants, and processes. 

This report segments on the basis of Types:

Portable Devices
Non-Portable Devices

Split On the basis of Applications:

Power Industry
Oil And Gas Industry
Aerospace And Defense Industry
Food Processing Industry
Steel Industry
Paper Industry
Chemical Industry
Automotive Industry

Regional Analysis:

For comprehensive understanding of market dynamics, the global Vibration Monitoring Systems Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Influence of the Vibration Monitoring Systems Market report:

-Comprehensive assessment of all opportunities and risk in the Vibration Monitoring Systems Market.

-Vibration Monitoring Systems Market recent innovations and major events.

-Detailed study of business strategies for growth of the Vibration Monitoring Systems Market-leading players.

-Conclusive study about the growth plot of Vibration Monitoring Systems Market for forthcoming years.

-In-depth understanding of Vibration Monitoring Systems Market-particular drivers, constraints and major micro markets.

-Favorable impression inside vital technological and market latest trends striking the Vibration Monitoring Systems Market.

The report has 150 tables and figures browse the report description and TOC:        

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Vibration Monitoring Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Related Reports:

Global Aerospace Engine Vibration Monitoring System Sales Market Report 2021

Global Industrial Wireless Vibration Monitoring System Market Growth (Status And Outlook) 2021-2026

Global Embedded Vibration Monitoring System Market Research Report 2021

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687 |

About Us:

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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