The global vibration monitoring market size reached US$ 1.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 2.0 Billion by 2027, exhibiting a CAGR of 6.12% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Vibration monitoring is a predictive maintenance technique used to measure the acceleration, displacement and velocity of vibration signals. It assists in detecting imbalance, bearing failures, mechanical looseness, misalignment, resonance and natural frequencies, electrical motor faults, bent shafts, gearbox failures, empty space or bubbles in pumps, and critical speeds. It also aids in enhancing the lifespan of a machine, providing real-time reaction to the change of health conditions, and supporting remote conditioning monitoring. As it is portable and generates fast fourier transform (FFT) in extremely high resolution, it is widely used to monitor rotary equipment, such as pumps, compressors, turbines, and fans.
Vibration monitoring is a predictive maintenance technique used to measure the acceleration, displacement and velocity of vibration signals. It assists in detecting imbalance, bearing failures, mechanical looseness, misalignment, resonance and natural frequencies, electrical motor faults, bent shafts, gearbox failures, empty space or bubbles in pumps, and critical speeds. It also aids in enhancing the lifespan of a machine, providing real-time reaction to the change of health conditions, and supporting remote conditioning monitoring. As it is portable and generates fast fourier transform (FFT) in extremely high resolution, it is widely used to monitor rotary equipment, such as pumps, compressors, turbines, and fans.
Vibration Monitoring Market Trends:
The increasing application of vibration monitoring systems in the automotive industry across the globe represents one of the key factors driving the market. This can be attributed to their assistance in increasing productivity, minimizing downtime due to superior analytics, and decreasing human-mediated activities, such as manual inspections and unscheduled corrections. Apart from this, there is a rise in the awareness among the vendors of the manufacturing and energy and power sectors worldwide about predictive maintenance. This has resulted in the increasing adoption of monitoring systems to ensure consistent monitoring of equipment to avoid adversities. Furthermore, leading market players are integrating wireless technology and cloud storage in vibration monitoring systems to enable smart maintenance of factory equipment. They are also developing advanced technologies like system-on-a-chip (SOC) that allow real-time accurate data acquisition to be relayed immediately on handheld devices, such as smartphones, which is creating a favorable market outlook. Besides this, the introduction of online monitoring systems incorporated with onboard logic and decision-making abilities is positively influencing the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global vibration monitoring market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, system type, monitoring process and end use industry.Breakup by Component:
- Hardware
- Software
- Services
Breakup by System Type:
- Embedded Systems
- Vibration Analyzers
- Vibration Meters
Breakup by Monitoring Process:
- Online
- Portable
Breakup by End Use Industry:
- Energy and Power
- Metals and Mining
- Oil and Gas
- Automotive
- Food and Beverages
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Analog Devices Inc., Emerson Electric Company, Erbessd Instruments Technologies Inc., General Electric Company, Honeywell International Inc., Istec International, Meggit SA, National Instruments, Parker-Hannifin Corp., Petasense Inc., Rockwell Automation Inc., Schaeffler AG and SPM Instrument AB.Key Questions Answered in This Report:
- How has the global vibration monitoring market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global vibration monitoring market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the system type?
- What is the breakup of the market based on the monitoring process?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global vibration monitoring market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Vibration Monitoring Market
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Report Attribute | Details |
---|---|
No. of Pages | 144 |
Published | September 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD | $ 1.4 Billion |
Forecasted Market Value ( USD | $ 2 Billion |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |
No. of Companies Mentioned | 13 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Vibration Monitoring Market
6 Market Breakup by Component
7 Market Breakup by System Type
8 Market Breakup by Monitoring Process
9 Market Breakup by End Use Industry
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Analog Devices Inc.
- Emerson Electric Company
- Erbessd Instruments Technologies Inc.
- General Electric Company
- Honeywell International Inc.
- Istec International
- Meggit SA
- National Instruments
- Parker-Hannifin Corp.
- Petasense Inc.
- Rockwell Automation Inc.
- Schaeffler AG
- SPM Instrument AB.
Methodology
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