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Vibration Monitoring Market

Vibration Monitoring Market Forecasts to 2028 – Global Analysis By Offering (Hardware, Software, Services), System Type (Vibration Analyzers, Vibration Meters, Embedded Systems) and By Geography

4.5 (83 reviews)
Published: October 2021 ID: SMRC21087
4.5 (83 reviews)
Published: October 2021 ID: SMRC21087

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Vibration Monitoring Market is accounted for $1.30 billion in 2020 and is expected to reach $2.55 billion by 2028 growing at a CAGR of 8.8% during the forecast period. Factors such as growing popularity of smart manufacturing, rising awareness regarding predictive maintenance, and growing adoption of wireless technology are driving the growth of the market. However, lack of trained workforce is hampering the growth of the market.

Vibration monitoring is used to deliver exhaustive and almost a real-time diagnostic information to the workers on the actual dynamic condition and performance of the machines. It is an important concept of dynamic control for industrial machinery.

Based on the monitoring process, the online vibration monitoring segment is anticipated to expand at a rapid pace during the forecast period due to the increasing demand from industries that require continuous monitoring of assets and machinery. By geography, North America is going to have high growth during the forecast period which can be attributed to the growing focus on optimum asset utilization along with the strict government regulations for workplace safety.

Some of the key players profiled in the Vibration Monitoring Market include General Electric Corporation, Rockwell Automation, Inc., Meggit PLC, Emerson Electric Company, Honeywell International Inc., Teledyne FLIR, Parker Hannifin, National Instruments Corporation, Schaeffler AG, Bruel & Kjaer Sound & Vibration Measurement, PCB Piezotronics Inc., Analog Devices Inc., Data Physics Corporation, SPM Instrument AB, and Azima DLI Corporation.

Deployments Covered:
• On-Premises
• Cloud

Offerings Covered:
• Hardware
• Software
• Services   

System Types Covered:
• Vibration Analyzers
• Vibration Meters
• Embedded Systems

Monitoring Processes Covered:
• Portable Vibration Monitoring
• Online Vibration Monitoring

End Users Covered:
• Aerospace & Defense
• Automotive
• Energy & Power
• Oil & Gas
• Food & Beverage
• Mining & Metals
• Chemical
• Marine
• Construction
• Pulp and Paper

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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