Vibration Monitoring Equipment Market Size, Trends & Forecast (2019 - 2025)
According to the recent reports published by Research Cosmos, Vibration Monitoring Equipment Market is estimated to reach USD xx billion by 2025 growing at a CAGR of 8.3% during the forecast period 2019 - 2025.
Vibration monitoring systems are used to reduce operating costs by reducing the number of unplanned outages and maintenance costs.
These systems are also used to optimize multiple maintenance activities during a planned outage. The use of vibration monitoring equipment is increasing at a steady rate in several applications in various industrial sectors due to its ability to detect possible failures before any machine.
The equipment can also detect any failure or deterioration of the machine before symptoms appear such as high consumption of electricity, impurities of the lubricant, noise, and heat. Currently, vibration monitoring is an essential component of the conditional monitoring program, since it is considered the most accepted tool for that process.
Growth Drivers
The market for vibration monitoring equipment is mainly related to the growing need to reduce operating costs of facilities in several industrial areas. In the face of increasing competition, increased spending on plant maintenance and increased energy costs, the need for vibration monitoring equipment are growing extensively for the purpose of improving the maintenance budgets and decrease the pressure on the operating expenses. In addition, the proliferation of capital investments by governments and multinational corporations in various sectors, such as cellulose and paper, the manufacture of heavy equipment, chemicals, metals, and petrochemical products, will probably contribute to the market in general.
Key Challenges
In addition, the growing concentration in asset utilization and productivity strengthens the growth of the market for vibration monitoring equipment. The market should also benefit from the need to eradicate catastrophic failures and unnecessary maintenance costs. In addition, the increasing prevalence of predictive maintenance programs in the face of limited liquidity can create additional pressure on variable and fixed costs, which will encourage the adoption of this equipment.
This research report includes the following segmentation for the Global Vibration Monitoring Equipment Market:
Vibration Monitoring Equipment Market Analysis – By Product
- Embedded Systems
- Vibration Analyzers
- Vibration Meters
Vibration Monitoring Equipment Market Analysis – By Application
- Machinery Manufacturing
- Chemical Industry
- Vehicle
- Electric Power
Vibration Monitoring Equipment Market Analysis – By Region
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- Israel
- South Africa
- Rest of Middle East & Africa
Regionally, the geographical analysis of the Vibration Monitoring Equipment Market is studied for North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The world market was dominated by North America, with the United States leading the market due to the development of a wide range of technologies and automotive products. However, in the near future, Asia-Pacific is expected to gain a significant share of the market due to the development of infrastructure and opportunities for commercial expansion in India and China.
Some of the leading market players operating in Vibration Monitoring Equipment Market are:
- SKF
- GE
- Rockwell Automation
- Emerson
- Analog Devices
- Schaeffler AG
- Honeywell
- SHINKAWA Electric
- National Instruments
- Meggitt
- SPM Instrument
- Fluke (Danaher)
- Siemens
- RION
- Hansford Sensors
- Instantel
- Bruel & Kjaer
- Donghua
- Omni Instruments
+1 888 709 8757
Chat With Us