Vibration Monitoring Market Insights, Current And Future Trends & Forecast 2016-2021
Vibration Monitoring Market Insights:
The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.
Competitive Rivalry of the Vibration Monitoring Market:
The leading players in the vibration monitoring market include Rockwell Automation, Inc., Emerson Electric Co, Analog Devices, Inc., General Electric, Honeywell International Inc, National Instruments, Bruel & Kjaer, Schaeffler AG, SKF, and Meggitt PLC, among others.
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Drivers of the Vibration Monitoring Market:
The major factors surging the growth of the global vibration monitoring market include the growing demand for predictive maintenance for improving productivity, rising penetration of smart factory, coupled with increasing utilization of wireless system in the monitoring of machine condition and rising adoption of automation condition monitoring technologies. Moreover, the need to decrease the cost of operations in plants, rapidly increasing capital investments by the companies and government in several industries like pulp & paper, metals, and others will further have a positive influence on the increasing demand of the global vibration monitoring market in the upcoming years. Furthermore, the rising demand for emerging applications, the launch of cloud computing platforms for condition monitoring, and the development of big data analytics and machine learning are some other factors accelerating the growth of the vibration monitoring market across the world. Various advantages offered by vibration monitoring includes the decrease in the production & maintenance costs, minimized unplanned outages and downtime, followed by optimized maintenance and decreased workforce size. On the other hand, the drivers restraining the growth of the global vibration monitoring market include the limitation of trained technical persons for data analysis and extra installation costs of vibration monitoring solutions on the existing machinery.
Based on the region, Asia-Pacific is expected to dominate the market during the forecast period due to the rising development in the infrastructure, coupled with the various opportunities for business expansion. Moreover, growth in the manufacturing activities and rapid industrialization are certain factors surging the market growth in this region.
Market Segmentation:
The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:
Breakup by Offering:
- Hardware
- Accelerometers
- Velocity Sensors
- Proximity Probes
- Transmitters
- Others
- Software
- Diagnostic Reporting
- Data Integration
- Parameter Calculation
Breakup by Monitoring Process:
- Portable Vibration Monitoring
- Online Vibration Monitoring
Breakup by System Type:
- Vibration Analyzers
- Embedded Systems
- Vibration Meters
Breakup by Industry:
- Energy & Power
- Chemicals
- Oil & Gas
- Automotive
- Metals & Mining
- Aerospace & Defense
- Marine
- Pulp & Paper
- Food & Beverages
- Others
Breakup by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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