Press release
Vibration Monitoring Market: Demand, Overview, Price and Forecasts To 2023
Market Scenario:
The Vibration Monitoring provides early warning which enables to detect the fault and failure in the system. The vibration monitoring has prompt the market due to its response for fast failure source localization and process optimization at machines in operation. It also offers high diagnostic authoritativeness and greater diagnostic accuracy. The vibration monitoring system is integrated with the sensors with low noise system and is functionally tested for circuit continuity and output response, which is highly recognized by the organizations. The introduction of online vibration monitoring systems, used for protection of critical machinery, reduced maintenance costs and suggest the possibility of faultlessness in the system.
The study indicates that the vibrational monitoring is rapidly becoming standard practice in most industrial predictive maintenance programs. The vibration monitoring is driven by various factor such as advance indication of developing problems, protect health, safety, and environment, monitor inaccessible equipment, complement portable monitoring programs which increase the demand of vibration monitoring market growth, globally.
The global Vibration Monitoring Market is expected to grow at USD$ ~2.03 Billion by 2023, at ~6.6% of CAGR between 2017 and 2023.
Study Objectives of Vibration Monitoring Market:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of theVibration Monitoring market.
• To provide insights about factors affecting the market growth.
• To analyze the Vibration Monitoring market based porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Vibration Monitoring a, and Rest of the World (ROW).
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment on the basis component, system type, end-users, and region.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Vibration Monitoring system
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Key Players:
The prominent players in the Vibration Monitoring Market are – Honeywell International Inc. (US), Emerson Electric Co. (US), General Electric (US), Analog Devices Inc.(US), SKF AB (Sweden), National Instruments Corp. (US), Rockwell Automation, Inc. (US), Schaeffler Technologies AG & Co. KG (Germany), Bruel & Kiaer Sound & Vibration Measurement A/S (Denmark), and Meggitt PLC (UK), among others.
Segments:
The global Vibration Monitoring market has been segmented on the basis of component, system type, end-users, and region.
Vibration Monitoring Market by Component:
Hardware
• Transmitters
• Accelerometers
• Proximity probes
• Velocity sensors
• Others
Software
• Services
• Others
Vibration Monitoring Market by System Type:
• Vibration analyzers
• Embedded systems
• Vibration meters
• Others
Vibration Monitoring Market by End-Users:
• Automotive
• Metal and Mining
• Food & Beverages
• Chemicals
• Oil & Gas
• Others
Vibration Monitoring Market by Regions:
• North America
• Europe
• APAC
• Rest of the World
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Regional Analysis:
The regional analysis of Vibration Monitoring market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America region is dominating the global vibration monitoring market and accounted for a largest market share. The Key Vendors such as Honeywell International Inc. (US), Emerson Electric Co. (US), General Electric (US), and many more are the major player in this market. In Europe region, the vibration market is gaining momentum due to the vibration monitoring equipment which is providing the computerized information that will interlink with the investigations of machine manufacturer, the operator in industrial production, as well as to the related insurance companies. This region is expected to grow further in the coming years of the Vibration Monitoring market. Asia Pacific will emerge to the highest CAGR in the vibration monitoring market.
Intended Audience
• Raw material providers
• Vibration monitoring manufacturers
• Original equipment manufacturers
• Research organizations and consulting companies
• Vibration monitoring-related associations
• Distributors and traders
• Government bodies
• Semiconductor product designers and fabricators
• Research institutes and organizations
• Technology standards organizations
• Technology investors
• Research institutes,
• System Integrators
• Research/Consultancy firms
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