Vibration monitoring system is used to detect the vibration data and automatically determines it, in order to identify significant changes that indicate the fault developing. It is a major component of predictive maintenance.
How Big is The Global Vibration Monitoring Market?
The Global Vibration Monitoring Market is expected to exceed more than US$ 1.85 Billion by 2023 at a CAGR of 6.5% in the given forecast period.
The major driving factors of Global Vibration Monitoring Market are as follows:
- Requirement to decrease the operating costs of plants over several industrial domains
- Increasing expenses on plant maintenance and rising costs of energy
The restraining factors of Global Vibration Monitoring Market are as follows:
The Global Vibration Monitoring Market is segmented on the lines of its technology, application and regional. Based on technology segmentation it covers portable and non – portable; and based on application segmentation it covers Aerospace & Defense, Automotive, Chemical, Metal & Mining, and other application. The global vibration monitoring marketon geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for vibration monitoringand related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2023.
3) Identifications of new market opportunities and targeted promotional plans for global vibration monitoring market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of global and regional markets on Vibration Monitoring Marketwith the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Emerson Electric Company, General Electric Corporation, Honeywell International, Inc., Rockwell Automation, Inc., SKF, Analog Devices, Inc., National Instruments Corporation, Meggitt PLC, AzimaDli Corporation, Bruel&Kjaer Sound & Vibration Measurement A/S, SPM Instrument AB. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Global Vibration Monitoring Market has been segmented as below:
By Product Type Analysis:
- Non - Portable
By Application Analysis:
- Aerospace & Defense
- Metal & Mining
By Regional Analysis:
- North America
- Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all global vibration monitoring market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of global vibration monitoring market data.
4) Assess your competitor’s refining portfolio and its evolution.
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1.1 KEY TAKE AWAYS
1.2 REPORT DESCRIPTION
1.3 MARKETS COVERED
1.5 RESEARCH METHODOLOGY
1.5.1 MARKET SIZE
1.5.2 MARKET SHARE
1.5.3 KEY DATA POINTS FROM SECONDARY SOURCES
1.5.4 KEY DATA POINTS FROM PRIMARY SOURCES
2 Research Methodology
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
18.104.22.168 Secondary Sources
2.1.3 Primary Data
22.214.171.124 Key Data From Primary Sources
126.96.36.199 Key Industry Insights
188.8.131.52 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
184.108.40.206 Approach for Arriving at the Market Share By Bottom-Up Approach (Demand Side)
2.2.2 Top-Down Approach
220.127.116.11 Approach for Arriving at the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Vibration Monitoring Market
4.2 Vibration Monitoring Market, By Offering
4.3 Vibration Monitoring Market, By Region and Industry
4.4 Vibration Monitoring Market, By Monitoring Process
4.5 Vibration Monitoring Market, By Region
5 Market Overview
5.2 Market Dynamics
18.104.22.168 Rising Trend of Vibration Monitoring Through Wireless Systems
22.214.171.124 Growing Awareness Toward Predictive Maintenance
126.96.36.199 Increasing Demand From Emerging Applications
188.8.131.52 Penetration of Smart Factory
184.108.40.206 Additional Cost of Retrofitting Vibration Monitoring Solutions on Existing Machinery
220.127.116.11 Advent of Artificial Intelligence and Machine Learning
18.104.22.168 Digitization and Industrial Internet of Things (IIoT) to Open Up New Growth Avenues
22.214.171.124 Difficulties in Verification of Key Parameters of Vibration Monitoring Systems at Remote Locations
126.96.36.199 Trend of Integration of Vibration Monitoring Systems With Other Maintenance Systems
6 Industry Trends
6.2 Value Chain Analysis
6.3 Regulatory Standards
6.3.1 American Petroleum Institute
6.3.2 American Society for Testing and Materials
6.3.3 International Organization for Standardization
6.3.4 Machinery Information Management Open System Alliance
7 Vibration Monitoring Market, By Offering
7.2.2 Proximity Probes
7.2.3 Velocity Sensors
7.3.1 Data Integration
7.3.2 Diagnostic Reporting
7.3.3 Parameter Calculation
8 Vibration Monitoring Market, By Monitoring Process
9 Vibration Monitoring Market, By System Type
9.2 Embedded Systems
9.3 Vibration Analyzers
9.4 Vibration Meters
10 Vibration Monitoring Market, By Industry
10.2 Oil and Gas
10.3 Energy and Power
10.4 Metals and Mining
10.7 Aerospace and Defense
10.8 Food and Beverages
10.10 Pulp and Paper
10.11.3 Semiconductor and Electronics
11 Geographic Analysis
11.2 North America
188.8.131.52 US Held Largest Share of Vibration Monitoring Market in 2016
184.108.40.206 Canada Expected to Grow at Highest CAGR in North American Vibration Monitoring Market
220.127.116.11 Growing Need for Predictive Maintenance Technologies for Increasing Industrial Automation Help Vibration Monitoring Market to Grow
18.104.22.168 Significant Market for Vibration Monitoring in Energy and Power Industry
22.214.171.124 Germany Held Largest Share of European Vibration Monitoring Market in 2016
126.96.36.199 Aerospace Industry in France Drives Growth of Vibration Monitoring Market
11.3.4 Rest of Europe
188.8.131.52 Growing Opportunity From Metals and Mining Industry
11.4 Asia Pacific (APAC)
184.108.40.206 Increasing Adoption of Industrial Automation Fueling Vibration Monitoring Market in China
220.127.116.11 Significant Growth of Electronics and Automotive Manufacturing Industries Drive Market in Japan
18.104.22.168 Proactive Initiatives Taken By Indian Government Encouraging Growth of Vibration Monitoring Market
11.4.4 Rest of APAC
22.214.171.124 Australia and South Korea are Emerging Markets With Significant Potential
11.5 Rest of the World (RoW)
11.5.1 Middle East
126.96.36.199 Infrastructure Development, and Oil and Gas Sector in Middle East to Drive Vibration Monitoring Market
11.5.2 South America
188.8.131.52 South America to Hold Significant Share of Vibration Monitoring Market in RoW
184.108.40.206 Availability of Natural Resources Present Opportunities for Rapid Growth of Mining, and Oil and Gas Industries
12 Competitive Landscape
12.2 Market Ranking Analysis: Vibration Monitoring Market, 2016
12.3 Vibration Monitoring Market (Global): Competitive Leadership Mapping, 2017
12.3.1 Visionary Leaders
12.3.2 Dynamic Differentiators
12.3.4 Emerging Companies
12.4 Strength of Product Portfolio
12.5 Business Strategy Excellence
12.6 Competitive Situation and Trends
12.6.1 Product Launches and Developments
12.6.2 Agreements and Collaborations
12.6.3 Contracts and Acquisitions
13 Company Profiles
13.2 Emerson Electric Co.
13.3 General Electric
13.4 Honeywell International Inc.
13.5 National Instruments Corporation
13.6 SKF AB
13.7 Rockwell Automation, Inc.
13.8 Meggitt PLC
13.9 Schaeffler AG
13.10 Analog Devices, Inc.
13.11 Bruel & Kjaer Sound & Vibration Measurement A/S
13.12 Key Innovators
13.12.1 Azima DLI Corporation
13.12.2 SPM Instrument AB
13.12.3 Fluke Corporation
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