Vibration Monitoring Systems Market

Vibration Monitoring Systems Market: Global Industry Analysis and Forecast 2015 - 2021

Introduction

Vibration is a common phenomenon occurring in machines and equipment. Vibration is nothing but a rapid back and forth movement produced in an equipment due to oscillation of its components such as gears, belts, drive motors, bearings, and such. Although, it is unavoidable and inherent in certain machines, but a majority of the machines are designed to function absent any vibrations. In such machines, vibration monitoring aids in determining as to where the machine is on the failure curve and thus react appropriately to the same.

The process of vibration monitoring depends on an assortment of precision techniques and technologies for detecting vibrations in the machine. Vibration monitoring market aids in detecting faults in the machine and also gives an indication of machine deterioration before the occurrence of other symptoms such as lubricant impurities, high electrical consumption, heat, and sound, etc.

Owing to the above-stated reasons, vibration monitoring is an integral feature of the machine condition monitoring program. The global vibration monitoring systems market is anticipated to grow at a CAGR of more than 6% between 2015 and 2025.

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Market Segmentation

basis of product type
  • portable
  • non-portable devices
basis of component
  • proximity
  • probe accelerometer
  • others
basis of end-use industry
  • power industry
  • oil and gas industry
  • aerospace and defense industry
  • food processing industry
  • steel industry
  • paper industry
  • chemical industry
  • automotive industry
basis of region
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific (APEJ)
  • Japan
  • MEA

The growing need to decrease plant operating cost across a number of industrial domains is one of the key factors driving the global vibration monitoring systems market. With increasing competition in the global vibration monitoring systems market, plant maintenance costs and rising energy expenditures, the demand for vibration monitoring systems is growing with a purpose of optimizing the maintenance budgets and reducing the pressure on operating expenses.

Moreover, the rising capital investments in various industries such as metals, chemicals, petrochemicals, heavy equipment manufacturing, pulp, and paper, etc. is influencing a positive growth of the global vibration monitoring systems market.

Also, the need for avoiding the unnecessary maintenance costs and catastrophic breakdowns in varied production processes is anticipated to drive the demand of the global vibration monitoring systems market.

Furthermore, the introduction of advanced low-cost vibration monitoring equipment which are integrated with direct communication procedures, fast processing functions and the availability of automation software foresee tremendous growth for the market in future.

Some of the key players identified in the global vibration monitoring systems market are ., Azima DLI Corporation,  Analog Devices, Emerson Electric Co., IncBruel & Kjaer Sound & Vibration Measurement A/S, Honeywell International, Inc., National Instruments Corporation, Inc., PCB Piezotronics Inc., General Electric Company, Rockwell Automation, Meggitt PLC, SKF, Data Physics Corporation, and SPM Instrument.

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The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Historical Market Size, 2012 - 2014
  • Market Size & Forecast 2015 to 2025
  • Supply & Demand Value Chain
  • Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Market Drivers and Restraints

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Regional analysis for Vibration Monitoring Systems Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Argentina & Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • The Middle East and Africa
    • GCC Countries
    • The Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
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