Vibration Monitoring Market Scenario
High demand from developing applications and rising adoption of automated condition monitoring technologies and penetration of smart factory are some of the major factors propelling the vibration monitoring market globally. Furthermore, increasing disposition toward predictive maintenance is also one of the factor propelling the growth of vibration monitoring market. However, impact of regulatory standards is one of the major factor expected to hamper the global growth of the market.
Vibration Monitoring Market Segmentation
The Vibration monitoring market is segmented by offering, monitoring process, system type, industry and geography. The offering studied in the vibration monitoring market are Hardware (Accelerometers, Proximity probes, Velocity sensors, Transmitters and Others) and Software (Data integration, diagnostic reporting and Parameter calculation). Furthermore, the Monitoring process comprises of Online vibration monitoring and Portable vibration monitoring. Likewise, the system type includes Embedded systems, Vibration analyzers and Vibration meters. In addition, the vibration monitoring are used in various industries such as Oil & gas, Energy & power, Metals & mining, Chemicals, Automotive, Aerospace & defense, Food & beverages, Marine, Pulp & paper and Others. Based on Geography, the vibration monitoring market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW.
Vibration Monitoring Market by Geography
Geographically, the Vibration monitoring market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, the APAC is anticipated to grow at a significant growth rate during the forecast period. Fast industrialization, growing adoption of predictive maintenance tools, and modest pressure to achieve operational efficiency are propelling the growth of the APAC vibration monitoring market.
Vibration Monitoring Market Key Players
Some of the major players operating in the global vibration monitoring market includes Emerson electric, General electric, Honeywell international, National instruments, SKF, Rockwell automation, SCHAEFFLER, BRUEL & Kjaer, MEGGITT and Analog devices. Many companies in this market implement initiatives such as mergers and acquisitions, product developments, and geographic penetration to compete in the market.
Vibration Monitoring Market Report Key Benefits