Press release
Japan Vibration Monitoring Equipment Market 2022 Status and Outlook, Industry Growth Rate, Opportunities and Challenges to 2027 | Shinkawa Electric Co. Ltd., Ametek Process Instruments, Endress + Hauser AG
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Japan Vibration Monitoring Equipment Market size will grow from US$ 86.4 million in 2021 to US$ 109.8 million by 2027, registering a tremendous compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2027.
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Regional Analysis:
North America is expected to grow at a moderate rate, closely followed by Europe due to the well-developed infrastructure of these regions. Furthermore, the presence of various safety standards such as quiet operation, low emission, and others will contribute to the growth of the market.
The presence of developing economies such as India, China, etc., will drive the market forward. It is majorly attributable to the growing urbanization and industrialization in the region. Further, the availability of cheap labor and raw materials has increased factory setup in the region. According to Invest India, the Parliament passed a bill with the aim to develop National Bank for Financing Infrastructure and Development (NaBFID) in order to invest in infrastructure projects in the country. Moreover, the same source estimates that infrastructure activities held a 13% share of the total FDI inflows of US$ 81.72 billion in In FY21.
COVID-19 Impact
Following the coronavirus pandemic, the market experienced a sharp decline in terms of revenue. The COVID-19 pandemic forced the imposition of a lockdown to reduce infection among the population across countries. Moreover, manufacturing companies rely heavily on the supply of raw materials and components from other countries around the world, which was halted during the pandemic. Thus, the negatively affected the industry.
Major Key Players in the Japan Vibration Monitoring Equipment Market are:
Shinkawa Electric Co. Ltd.
Ametek Process Instruments
Endress + Hauser AG
Larson Davis PCB Piezotronics
Structural Vibration Solution A/S
BD|SENSORS
Ono Sokki Technology Inc.
ACO Co. Ltd.
Cosmo Instruments Co. Ltd
Peritec Corporation
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Japan Vibration Monitoring Equipment Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Component
Hardware
Accelerometers
Proximity Probes
Velocity Sensors
Transmitters
Others
Software
Services
By Monitoring Process
Online
Portable
By System
Embedded Systems
Vibration Meters
Vibration Analyzers
By Industry Vertical
Energy & Power
Automotive
Chemicals
Oil & Gas
Metals & Mining
Aerospace & Defense
Marine
Pulp & Paper
Food & Beverages
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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