Vibration Monitoring Systems Market Latest Technology Advancements and Growth Analysis 2021 to 2026| Emerson Electric, National Instruments, PCB Piezotronics, General Electric, Rockwell Automation
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
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.
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:
Split On the basis of Applications:
Oil And Gas Industry
Aerospace And Defense Industry
Food Processing Industry
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.
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Rising trend of remote monitoring through wireless systems, growing awareness toward predictive maintenance, and penetration of smart factories in major regions are the factors driving the growth of the vibration monitoring market. "Embedded Systems accounted for the majority of the global vibration monitoring market share in 2019." The embedded systems segment led the vibration monitoring industry in 2019. Effective and continuous monitoring through embedded systems that are installed directly on the machines
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