Global Vibration Monitoring Market to Reach $1.9 Billion by 2030
The global market for Vibration Monitoring estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$1.9 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030. Embedded Systems, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$739.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Vibration Meters segment is readjusted to a revised 4.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $367 Million, While China is Forecast to Grow at 7.2% CAGR
The Vibration Monitoring market in the U.S. is estimated at US$367 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$393.8 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$250.1 Million by the year 2030.Select Competitors (Total 38 Featured) -
- Als
- Analog Devices
- Bruel & Kjaer
- Emerson Electric
- Fluke
- General Electric
- Honeywell International
- Machine Saver
- Meggitt
- National Instruments
What's New?
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- Global competitiveness and key competitor percentage market shares
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Als
- Analog Devices
- Bruel & Kjaer
- Emerson Electric
- Fluke
- General Electric
- Honeywell International
- Machine Saver
- Meggitt
- National Instruments
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 91 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.3 Billion |
Forecasted Market Value ( USD | $ 1.9 Billion |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Global |