HOME Top Market Reports Vibration Monitoring Market by Product (Portable & Non-Portable), Component (Accelerometer, Proximity Probe, & Others), Application (Aerospace & Defense, Automotive, Chemical, Metal & Mining, & Others) & Geography – Global Forecast to 2020

Vibration Monitoring Market by Product (Portable & Non-Portable), Component (Accelerometer, Proximity Probe, & Others), Application (Aerospace & Defense, Automotive, Chemical, Metal & Mining, & Others) & Geography – Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: April 2015
Report Code: SE 3344

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Vibration is the rapid back and forth movement in equipment caused by the oscillation of its components such belts, gears, bearings, drive motors, and others. It is inherent and unavoidable in some machines, but most machines are designed to operate without any vibrations. In these machines, vibration monitoring provides a way to determine where the machine is on the failure curve and to react appropriately to the same. It relies on an assortment of precision technologies and techniques to detect vibrations in machine. Vibration monitoring market can detect faults and machine deterioration before the occurrence of other symptoms such as heat, sound, greater electrical consumption, and lubricant impurities. Therefore, vibration monitoring is an integral part of the machine condition monitoring program.

The global Vibration Monitoring Market is expected to grow at a CAGR of 6.6% between 2015 and 2020, and is projected to grow from $986.59 million in 2014 to $1,453.76 million in 2020. This report on vibration monitoring analyzes the vibration monitoring value chain, giving a clear insight into all major and supporting segments of the industry. The market has been segmented on the basis of product types, components, applications, and geography, and provides detailed market size projections in terms of value and volume. This report also analyzes the market trends and technologies in the vibration monitoring equipment. The report also identifies the drivers, restraints, opportunities and challenges, current market trends, winning imperatives, and burning issues of the global vibration monitoring equipment market. Apart from the market segmentation, the report also includes critical market data and qualitative information for each product type along with qualitative analysis, including Porter’s five force analysis, market time-line analysis, market investment analysis, industry breakdown analysis and value chain analysis.

The Vibration Monitoring Market report profiles some of the key technological developments in recent times which are driving the adoption of vibration monitoring in productive maintenance. It also profiles some of the leading players in these markets and analyzes their key strategies. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players.

The major players in the Vibration Monitoring Market are Analog Devices, Inc. (U.S), Azima DLI Corporation (U.S), Bruel & Kjaer Sound & Vibration Measurement A/S (Denmark), Emerson Electric Co. (U.S), General Electric Company (U.S.), Honeywell International, Inc. (U.S.), Meggitt PLC (U.K.), National Instruments Corporation (U.S.), Rockwell Automation, Inc. (U.S.), SKF (Sweden), and SPM Instrument (Sweden).

Vibration Monitoring Equipment Market  – Market Aspects Covered

Vibration Monitoring Equipment Market

MarketsandMarkets Analysis

Market by Product type:

The Vibration Monitoring Market by product type can be segmented into Portable and Non-Portable.

Market, by Component:

The Vibration Monitoring Market by component includes accelerometer, proximity probe, and others.

Market, by Application:

The market considers the various applications of the market including aerospace & defense, automotive, chemicals, marine, metals & mining, oil & gas, energy & power, and others.

Market, by Geography:

The report discusses the Vibration Monitoring System Market in four major geographical regions, namely, North America, Europe, Asia–Pacific, and Rest of the World (RoW). The geographical analysis in the report also provides in-depth classification into the U.S., Canada, Mexico, and others for North America; the U.K., Germany, France, Italy, and others for Europe; China, Japan, South Korea, India, and others for Asia-Pacific; and Latin America, the Middle East, and others in the RoW.

Key Take-Aways:

In this report, the Vibration Monitoring Market is fully segmented into the following categories, and the industry trends are covered by the following aspects:

  • Total Markets: Global Vibration Monitoring Market – product market, sub-markets, related markets, complementary markets (with sub-segmentation), total addressable market (TAM), and market penetration of vibration monitoring technology.
  • Sub Markets: Product market, component market and application market in the market.
  • Market, by Product: Market for vibration monitoring products is segmented into portable and non-portable.
  • Market, by Application: aerospace & defense, automotive, chemicals, marine, metals & mining, oil & gas, energy & power, and others.
  • Vibration Monitoring Market, by Component: Accelerometer, proximity probe, and others.
  • Vibration Monitoring Market, by Geography: North America (sub-segmentation into the U.S., Canada, Mexico, and others), Europe (sub-segmentation into the U.K., Germany, France, Italy, and others), Asia-Pacific (sub-segmentation into China, Japan, South Korea, India, and others), and Rest of the World (sub-segmentation into Latin America, the Middle East, and others).
  • Vibration Monitoring Markett–Competitive Landscape: Market share analysis for vibration monitoring equipment manufacturers and company profile of these players including business description, product portfolio, key strategies, and recent developments.

 

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Vibration Monitoring Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Vibration Monitoring Markett, By Product
           1.3.3 Vibration Monitoring Market, By Application
           1.3.4 Vibration Monitoring Markett, By Component
           1.3.5 Geographic Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Package Size
    1.7 Limitations
    1.8 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Widely Preferred Compared to Other Monitoring Techniques
                    2.2.2.2 Growing Focus Toward Machinery Health and Maintenance Cost
                    2.2.2.3 Strong Application Base for Vibration Monitoring Market
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Increasing Number of Agreements, Contracts, & Collaborations in the Market
                    2.2.3.2 Innovative Product Offering By Major Players
    2.3 Vibration Monitoring Market Size Estimation
    2.4 Vibration Monitoring Market Breakdown and Data Triangulation
    2.5 Vibration Monitoring Market Size Estimation
           2.5.1 Secondary Data
                    2.5.1.1 Key Data From Secondary Sources
           2.5.2 Primary Data
                    2.5.2.1 Key Data From Primary Sources
           2.5.3 Key Industry Insights
           2.5.4 Assumptions

3 Executive Summary (Page No. - 37)

4 Premium Insights (Page No. - 42)
    4.1 Attractive Opportunites in the Market
    4.2 Vibration Monitoring Market, By Application
    4.3 APAC Vibration Monitoring Market Analysis
    4.4 Vibration Monitoring Market-Country Analysis
    4.5 Portable and Non-Portable Vibration Monitoring Market 
    4.6 Vibration Monitoring Market Application By Geographic Scenario
    4.7 U.S. Commands Over 35% Share of Market
    4.8 Top 4 Applications in APAC’s Market
    4.9 Life Cycle Analysis, By Geography

5 Market Overview (Page No. - 51)
    5.1 Introduction
    5.2 Evolution
    5.3 Vibration Monitoring Market Segmentation
           5.3.1 Vibration Monitoring Market By Product
           5.3.2 Vibration Monitoring Market By Component
           5.3.3 Vibration Monitoring Market By Application
    5.4 Vibration Monitoring Markett Dynamics
           5.4.1 Drivers
                    5.4.1.1 New End-User Applications Raise the Demand for Vibration Monitoring Equipment
                    5.4.1.2 Growing Awareness Toward Monitoring Solutions
                    5.4.1.3 Impact of Wireless Technology on Vibration Monitoring Market
                    5.4.1.4 Transition of Process Industry From Preventive Maintenance to Predictive Maintenance
           5.4.2 Restraints
                    5.4.2.1 Unpredictable Maintenance Periods
                    5.4.2.2 Older Equipment May Require Asset Modifications to Retrofit Existing Systems With Vibration Monitoring Sensors
                    5.4.2.3 Need to Educate and Train End Users
           5.4.3 Opportunities
                    5.4.3.1 Growing Use of Wind Energy is Expected to Increase the Demand for Machine Condition Monitoring Systems
                    5.4.3.2 Growth in Remote Monitoring of Machines
           5.4.4 Challenge
                    5.4.4.1 Increased Drive to Integrate Condition Monitoring Techniques With Management Systems Such as Pam and CMMS
           5.4.5 Burning Issue
                    5.4.5.1 Online V/S Offline Dilemma in Machine Condition Monitoring

6 Industry Trends (Page No. - 68)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industry Trends
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Degree of Competition
    6.5 Strategic Benchmarking
           6.5.1 Major Strategies Adopted By Key Players

7 Market, By Product (Page No. - 78)
    7.1 Introduction
    7.2 Portable Vibration Monitor
    7.3 Non-Portable Vibration Monitor

8 Market, By Component (Page No. - 87)
    8.1 Introduction
    8.2 Accelerometer
    8.3 Proximity Probes
    8.4 Others

9 Market, By Application (Page No. - 94)
    9.1 Introduction
    9.2 Aerospace & Defense
    9.3 Automotive
    9.4 Chemicals
    9.5 Marine
    9.6 Metals & Mining
    9.7 Oil & Gas
    9.8 Energy & Power
    9.9 Others

10 Geographic Analysis (Page No. - 140)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
             10.2.4 Others
     10.3 Europe
             10.3.1 U.K.
             10.3.2 Germany
             10.3.3 France
             10.3.4 Italy
             10.3.5 Others
     10.4 Asia-Pacific (APAC)
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Others
     10.5 Rest of the World (RoW)
             10.5.1 Latin America
             10.5.2 the Middle East & Africa

11 Competitive Landscape (Page No. - 155)
     11.1 Overview
     11.2 Vibration Monitoring Market Share Analysis: Market
     11.3 Competitive Situation and Trends
             11.3.1 New Product Launches/New Product Developments
             11.3.2 Partnerships, Contracts, Agreements, Joint Ventures, and Collaborations
             11.3.3 Mergers and Acquisitions
             11.3.4 Expansions
             11.3.5 Other Developments

12 Company Profiles (Page No. - 164)
     12.1 Introduction
     12.2 Emerson Electric Company
             12.2.1 Business Overview
             12.2.2 Product Portfolio
             12.2.3 Recent Developments
             12.2.4 MNM View
                        12.2.4.1 SWOT Analysis
     12.3 General Electric Corporation
             12.3.1 Business Overview
             12.3.2 Product Portfolio
             12.3.3 Recent Developments
             12.3.4 MNM View
                        12.3.4.1 SWOT Analysis
     12.4 Honeywell International, Inc.
             12.4.1 Business Overview
             12.4.2 Product Portfolio
             12.4.3 Recent Developments
             12.4.4 MNM View
                        12.4.4.1 SWOT Analysis
     12.5 Rockwell Automation, Inc.
             12.5.1 Business Overview
             12.5.2 Product Portfolio
             12.5.3 Recent Developments
             12.5.4 MNM View
                        12.5.4.1 SWOT Analysis
     12.6 SKF
             12.6.1 Business Overview
             12.6.2 Product Portfolio
             12.6.3 Recent Developments
             12.6.4 MNM View
                        12.6.4.1 SWOT Analysis
     12.7 Analog Devices, Inc.
             12.7.1 Business Overview
             12.7.2 Product Portfolio
             12.7.3 Recent Developments
             12.7.4 MNM View
                        12.7.4.1 SWOT Analysis
     12.8 National Instruments Corporation
             12.8.1 Business Overview
             12.8.2 Product Portfolio
             12.8.3 Recent Developments
     12.9 Meggitt PLC
             12.9.1 Business Overview
             12.9.2 Product Portfolio
             12.9.3 Recent Developments
     12.10 Azima Dli Corporation
             12.10.1 Business Overview
             12.10.2 Product Portfolio
             12.10.3 Recent Developments
     12.11 Bruel & Kjaer Sound & Vibration Measurement A/S
             12.11.1 Business Overview
             12.11.2 Product Portfolio
             12.11.3 Recent Developments
     12.12 SPM Instrument AB
             12.12.1 Business Overview
             12.12.2 Products
             12.12.3 Recent Developments

13 Appendix (Page No. - 194)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports

List of Tables (71 Tables)

Table 1 Timeline of Various Monitoirng Techniques
Table 2 Emerging Applications and Wireless Technology Are Propelling the Growth of the Vibration Monitoring Market (2014–2020)
Table 3 Unpredictable Maintenance Period is Likely to Restrain the Market Growth (2014–2020)
Table 4 Growth of Wind Energy and Remote Monitoring Would Bring New Growth Opportunities for Vibration Monitoring Systems (2014–2020)
Table 5 Integration of Condition Monitoring With Pam & Cmms is A Major Challenge for Vibration Monitoring Market
Table 6 Growing Awareness Toward Monitoring Techniques is the Leading Trend Among the Key Players
Table 7 Vibration Monitoring System Market, By Product, 2013–2020 ($ Million)
Table 8 Portable Vibration Monitoring Market, By Component, 2013–2020 ($ Million)
Table 9 Portable Market, By Application, 2013–2020 ($ Million)
Table 10 Non-Portable Vibration Monitoring Market, By Component, 2013–2020 ($ Million)
Table 11 Non-Portable Vibration Monitoring Market, By Application, 2013–2020 ($ Million)
Table 12 Vibration Monitoring System Market Size, By Component, 2013–2020 ($ Million)
Table 13 Vibration Monitoring System Market  Size, By Application, 2013–2020 ($ Million)
Table 14 Vibration Monitoring System Market  Size for Aerospace & Defense Application, By Product, 2013–2020 ($ Million)
Table 15 Vibration Monitoring System Market Size for Aerospace & Defense Application, By Region, 2013–2020 ($ Million)
Table 16 North America Vibration Monitoring Market Size for Aerospace & Defense Application, By Geography, 2013–2020 ($ Million)
Table 17 Europe: Vibration Monitoring System Market Size for Aerospace & Defense Application, By Geography, 2013–2020 ($ Million)
Table 18 APAC: Vibration Monitoring System Market Size for Aerospace & Defense Application, By Geography, 2013–2020 ($ Million)
Table 19 RoW: Vibration Monitoring System Market Size for Aerospace & Defense Application, By Region, 2013–2020 ($ Million)
Table 20 Vibration Monitoring System Market Size for Automotive Application, By Product, 2013–2020 ($ Million)
Table 21 Vibration Monitoring System Market Size for Automotive Application, By Region, 2013–2020 ($ Million)
Table 22 North America Vibration Monitoring Market Size for Automotive Application, By Geography, 2013–2020 ($ Million)
Table 23 Europe: Vibration Monitoring System Market Size for Automotive Application, By Geography, 2013–2020 ($ Million)
Table 24 APAC: Vibration Monitoring System Market Size for Automotive Application, By Geography, 2013–2020 ($ Million)
Table 25 RoW: Vibration Monitoring System Market Size for Automotive Application, By Region, 2013–2020 ($ Million)
Table 26 Vibration Monitoring System Market Size for Chemical Application, By Product, 2013–2020 ($ Million)
Table 27 Vibration Monitoring System Market Size for Chemical Application, By Region, 2013–2020 ($ Million)
Table 28 North America: Vibration Monitoring System Market Size for Chemical Application, By Geography, 2013–2020 ($ Million)
Table 29 Europe: Vibration Monitoring System Market Size for Chemical Application, By Geography, 2013–2020 ($ Million)
Table 30 APAC: Vibration Monitoring System Market Size for Chemical Application, By Geography, 2013–2020 ($ Million)
Table 31 RoW: Vibration Monitoring System Market Size for Chemical Application, By Region, 2013–2020 ($ Million)
Table 32 Vibration Monitoring System Market Size for Marine Application, By Product, 2013–2020 ($ Million)
Table 33 Vibration Monitoring System Market Size for Marine Application, By Region, 2013–2020 ($ Million)
Table 34 North America: Market Size for Marine Application, By Geography, 2013–2020 ($ Million)
Table 35 Europe: Vibration Monitoring System Market Size for Marine Application, By Geography, 2013–2020 ($ Million)
Table 36 APAC: Vibration Monitoring System Market Size for Marine Application, By Geography, 2013–2020 ($ Million)
Table 37 RoW: Vibration Monitoring System Market Size for Marine Application, By Region, 2013–2020 ($ Million)
Table 38 Vibration Monitoring Market Size for Metals & Mining Application, By Product, 2013–2020 ($ Million)
Table 39 Vibration Monitoring System Market Size for Metals & Mining Application, By Region, 2013–2020 ($ Million)
Table 40 North America: Vibration Monitoring System Market Size for Metals & Mining Application, By Geography, 2013–2020 ($ Million)
Table 41 Europe: Vibration Monitoring System Market Size for Metals & Mining Application, By Geography, 2013–2020 ($ Million)
Table 42 APAC: Vibration Monitoring System Market Size for Metals & Mining Application, By Geography, 2013–2020 ($ Million)
Table 43 RoW: Vibration Monitoring System MarketSize for Metals & Mining Application, By Region, 2013–2020 ($ Million)
Table 44 Vibration Monitoring System Market Size for Oil & Gas Application, By Product, 2013–2020 ($ Million)
Table 45 Vibration Monitoring System Market Size for Oil & Gas Application, By Region, 2013–2020 ($ Million)
Table 46 North America: Market Size for Oil & Gas Application, By Geography, 2013–2020 ($ Million)
Table 47 Europe: Vibration Monitoring System Market Size for Oil & Gas Application, By Geography, 2013–2020 ($ Million)
Table 48 APAC: Vibration Monitoring System Market Size for Oil & Gas Application, By Geography, 2013–2020 ($ Million)
Table 49 RoW: Vibration Monitoring System Market Size for Oil & Gas Application, By Region, 2013–2020 ($ Million)
Table 50 Vibration Monitoring System Market Size for Energy & Power Application, By Product, 2013–2020 ($ Million)
Table 51 Vibration Monitoring System Market Size for Energy & Power Application, By Region, 2013–2020 ($ Million)
Table 52 North America: Market Size for Energy & Power Application, By Geography, 2013–2020 ($ Million)
Table 53 Europe: Market Size for Energy & Power Application, By Geography, 2013–2020 ($ Million)
Table 54 APAC: Market Size for Energy & Power Application, By Geography, 2013–2020 ($ Million)
Table 55 RoW: Market Size for Energy & Power Application, By Region, 2013–2020 ($ Million)
Table 56 Vibration Monitoring System Market Size for Other Applications, By Product, 2013–2020 ($ Million)
Table 57 Vibration Monitoring System MarketSize for Other Applications, By Region, 2013–2020 ($ Million)
Table 58 North America: Market Size for Other Applications, By Geography, 2013–2020 ($ Million)
Table 59 Europe: Market Size for Other Applications, By Geography, 2013–2020 ($ Million)
Table 60 APAC: Market Size for Other Applications, By Geography, 2013–2020 ($ Million)
Table 61 RoW: Market Size for Other Applications, By Region, 2013–2020 ($ Million)
Table 62 Market Size, By Region, 2013–2020 ($ Million)
Table 63 North American Market Size, By Country, 2013–2020 ($ Million)
Table 64 Europe: Market Size, By Country, 2013–2020 ($ Million)
Table 65 APAC: Market Size, By Country, 2013–2020 ($ Million)
Table 66 RoW: Market Size, By Region, 2013–2020 ($ Million)
Table 67 New Product Launches, 2011–2014
Table 68 Partnerships, Contract, Agreements, and Joint Ventures
Table 69 Mergers and Acquisitions
Table 70 Expansions
Table 71 Other Developments
 
 
List of Figures (92 Figures)
 
Figure 1 Markets Covered
Figure 2 Research Design
Figure 3 Vibration Monitoring Process
Figure 4 Vibration Monitoring Technique is Fast-Growing Compared to Other Methods
Figure 5 Vibration Monitoring Advantages at A Glimpse
Figure 6 Growing Demand for Major Applications is Likely to  Drive the Market
Figure 7 Increasing Number of Inorganic Growth Strategies Between Players
Figure 8 Bottom-Up Approch
Figure 9 Top-Down Approch
Figure 10 Breakdown of Primaries’ Interviews: By Company Type, Designation, & Region
Figure 11 Market Breakdown and Data Triangulation
Figure 12 Assumptions of the Research Study
Figure 13 Vibration Monitoring Market Snapshot (2014–2020)
Figure 14 Oil & Gas and Energy & Power Applications Likely to Lead the Market in 2020
Figure 15 Market By Component
Figure 16 Market Share, By Region, 2014
Figure 17 Market Likely to Have Huge Opportunity By 2020
Figure 18 Energy & Power Likely to Grow at the Highest Rate Among All the Applications in the Market
Figure 19 Oil & Gas Application Accounted for the Major Share in the APAC Market in 2014
Figure 20 India and China Are the Fastest-Growing Nations (CAGR %, 2015–2020)
Figure 21 Portable Vibration Monitoring Equipment to Cover Major Market Share
Figure 22 North America to Cover Major Market Share in All Applications
Figure 23 Mature vs. Developing Markets
Figure 24 Oil & Gas is the Major Application Market in APAC
Figure 25 APAC is the Fastest-Growing Region
Figure 26 Causes of Vibration in Machine
Figure 27 Journey of Vibration Monitoring Equipment From Manual Inspection to Cloud-Based Monitoring Systems
Figure 28 Market Segmentation, By Product
Figure 29 Market Segmentation, By Component
Figure 30 Market Segmentation, By Application
Figure 31 Growing Awareness Toward Monitoring Solutions is Mainly Driving the Market Between 2015 and 2020
Figure 32 Remote Monitoring of A Machine
Figure 33 Value Chain Analysis
Figure 34 Porter’s Five Forces Analysis
Figure 35 Porter’s Five Forces Analysis (2014: Impact Analysis
Figure 36 Threat of New Entrants: Impact Analysis
Figure 37 Threat of Substitutes: Impact Analysis
Figure 38 Bargaining Power of Suppliers: Impact Analysis
Figure 39 Bargaining Power of Buyers: Impact Analysis
Figure 40 Degree of Competition: Impact Analysis
Figure 41 New Product Development and Agreements, Contracts Were the Major Strategies Adopted By Industry Players (2011–2015)
Figure 42 Market, By Product
Figure 43 Portable Vibration Equipment is Expected to Grow Faster
Figure 44 Accelerometer-Based Vibration Monitors Are Mostly Used in the Industry
Figure 45 Energy & Power Application Has the Highest Growth Opportunity for Portable Vibration Monitors
Figure 46 Non-Portable Vibration Monitors Are Likely to Have the Largest Share in the Oil & Gas Application, 2015
Figure 47 Market, By Component
Figure 48 Accelerometer-Based Vibration Monitors to Grow at the Highest CAGR
Figure 49 Advantages and Disadvantages of Accelerometer
Figure 50 Advantages and Disadvantages of Proximity Probes
Figure 51 Market, By Application
Figure 52 Market Size, By Application, 2015 vs. 2020
Figure 53 Vibration Monitoring Market for Aerospace and Defense Application: Geographic Snapshot
Figure 54 Portable Vibration Monitors to Grow at A Faster Rate By 2020
Figure 55 U.S. Has the Largest Share in the Vibration Monitoring Market for Automotive Application in 2014
Figure 56 Market for Chemical Application
Figure 57 Portable Vibration Equipment Contributes 66% to the Marine Application, 2015
Figure 58 Middle East & Africa Contributes to 53% of the RoW’s Market for Marine Application, 2015
Figure 59 North America Contributes to ~33% of the Vibration Monitoring Market for Metals & Mining Application
Figure 60 Market for Oil & Gas Application: Snapshot
Figure 61 The U.S. Cojntributes to ~85% Market Share in Energy & Power Application
Figure 62 China Has the Largest Share in the Vibration Monitoring Market for Energy & Power Application in the APAC Region, 2014
Figure 63 The U.S.: Leading Country in Vibration Monitoring Market for Other Applications, 2014
Figure 64 Vibration Monitoring Market Snapshot (Between 2015 and 2020)
Figure 65 The U.S. Covers ~35% to the Vibration Monitoring Market, 2015
Figure 66 North American Vibration Monitoring Market: Snapshot
Figure 67 Germany Contributes ~32% to the European Vibration Monitoring Market, 2014
Figure 68 APAC Region is Estimated to Grow at the Highest Rate in Vibration Monitoring Market
Figure 69 Middle East and Africa Region to Grow at A Higher Rate
Figure 70 Companies Adopted New Product Development as the Key Growth Strategy in the Past Three Years
Figure 71 General Electric Company Grew at the Fastest Rate Between 2011 and 2013
Figure 72 Vibration Monitoring MarketShare, By Key Player, 2014
Figure 73 Market Evolution Framework: New Product Development Has Fueled Growth and Innovation
Figure 74 Battle for Market Share: New Product Development Was the Key Strategy
Figure 75 Geographic Revenue Mix of Top 5 Market Players
Figure 76 Competitive Benchmarking of Key Market Players (2011–2013): Honeywell Emerged as the Champion Owing to Its Diversified Product Portfolio
Figure 77 Emerson Electric Company: Company Snapshot
Figure 78 Emerson Electric Company: SWOT Analysis
Figure 79 General Electric Corporation: Company Snapshot
Figure 80 General Electric Corporation: SWOT Analysis
Figure 81 Honeywell International, Inc.: Company Snapshot
Figure 82 Honeywell International, Inc.: SWOT Analysis
Figure 83 Rockwell Automation, Inc.: Company Snapshot
Figure 84 Rockwell Automation, Inc.: SWOT Analysis
Figure 85 SKF: Company Snapshot
Figure 86 Analog Devices, Inc.: Company Snapshot
Figure 87 Analog Devices, Inc.: SWOT Analysis
Figure 88 National Instruments Corporation: Company Snapshot
Figure 89 Meggit PLC: Company Snapshot
Figure 90 Azima Dli Corporation: Company Snapshot
Figure 91 Bruel & Kjaer Sound & Vibration Measurement A/S: Company Snapshot
Figure 92 SPM Instrument: Company Snapshot

Vibration is often the main source of noise problems. Abnormal vibration is expensive as it can lead to huge losses in terms of finance, materials, and resources. Unchecked vibration results in damaged machinery, including even structural damage, which calls for expensive repairs. The best solution available today for this problem is the simple and economical vibration monitoring. Vibration monitoring has been used successfully for decades in major applications around the world such as aerospace & defense, automotive, chemical, marine, metal & mining, oil & gas, energy & power, and others. Typically, the root causes of vibration problems are the same whether the application is a processing plant, school, hospital, or office building. Commercial building owners, engineers, contractors, and facilities managers can implement industrial vibration monitoring technology to solve the vibration problems in various applications.

In this report, the global Vibration Monitoring Market has been defined as a technology that is capable of detecting potential failure of machinery as early as three months before the occurrence of the actual failure. It can also pinpoint the exact source of the problem in the machines. Hence, it is widely preferred among all the condition monitoring products. Various components that play a vital role in this market are accelerometer, proximity probe, and others. The global market can be bifurcated into two major product types, namely, portable and non-portable. The global market is valued at $986.59 million in 2014 and is expected to reach $1,453.76 million by 2020, at a CAGR of 6.6% between 2015 and 2020.

This report describes the market trends and challenges of the global Vibration Monitoring Market, and forecasts the market till 2020, on the basis of components, products, applications, and geography. It covers geographies such as North America, Europe, APAC, and RoW (Rest of the World). The report also features the detailed competitive landscape with identification of the key players in the market, along with an in-depth market share analysis with individual share and market share rankings. The sections and sub-segments in the report contain the drivers, restraints, opportunities, and current market trends in the market.

The major players in the global Vibration Monitoring Market are Analog Devices, Inc. (U.S), Azima DLI Corporation (U.S), Bruel & Kjaer Sound & Vibration Measurement A/S (Denmark), Emerson Electric Co. (U.S), General Electric Company (U.S.), Honeywell International, Inc. (U.S.), Meggitt PLC (U.K.), National Instruments Corporation (U.S.), Rockwell Automation, Inc. (U.S.), SKF (Sweden), and SPM Instrument (Sweden).

Vibration Monitoring Equipment Market (2013 - 2020)

Vibration Monitoring Equipment Market

Note: H=historical year, E=estimated year, and P=predicted year
Source: MarketsandMarkets Analysis

The global Vibration Monitoring Market is expected to grow at a CAGR of 6.6% between 2015 and 2020. The market segmented on the basis of applications, oil & gas is the major application, followed by the energy & power application. On the basis of the geographic analysis, North America is the market leader, followed by Europe.

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