Press release
Global Industrial Vibration Sensor Market Booming At CAGR Of 11.02% Between 2018-2022
The industrial vibration sensor market appears to be fragmented owing to the presence of several international, regional, and local players. The competition among the industrial vibration sensor manufacturers is mainly based on price, quality, regulatory compliance, and innovation. In the coming years, the market will witness the entry of new players, which will in turn, intensify the level of competition among the players in this vibration monitoring system market. As per the end-user segment the market can be segmented into process industries and discrete industries. Process industries are the primary end-user of the industrial vibration sensor market due to the growing demand for safety measures in industries such as oil and gas, mining, food and beverage, and power. Owing to the involvement of sub-processes and critical situations in extreme working situations, the utilization of vibration sensors is high in process industries.
Technavios analysts forecast the global industrial vibration sensor market to grow at a CAGR of 11.02% during the period 2018-2022.
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Covered in this report
The report covers the present scenario and the growth prospects of the global industrial vibration sensor market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of industrial vibration sensor.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Industrial Vibration Sensor Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
ABB
Analog Devices
OMRON
SKF
TE Connectivity
Other prominent vendors
CEC Vibration Products
Electro-Sensors
Hansford Sensors
Hofmann
ifm electronic
Metra
Monitran
Montronix
Murata
PCB Piezotronics
Schaeffler
Safran Colibrys
Sensonics
StrainSense
TWK-ELECTRONIK
Wilcoxon Sensing Technologies
Market driver
Growing popularity of smart factories
For a full, detailed list, view our report
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Market trend
Emergence of fiber optic sensors
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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