Vibration Monitoring Market With COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Monitoring Process, Deployment Type, System Type (Embedded Systems, Vibration Analyzers, Vibration Meters), Industry, and Region - Global Forecast to 2026
[239 Pages Report] The vibration monitoring market was valued at USD 1.3 billion in 2020 and is projected to reach USD 1.9 billion by 2026. It is expected to grow at a CAGR of 6.8% during the forecast period. Rising need for remote operations owing to the spread of COVID-19, adoption of wireless communication technology in vibration monitoring, advent of secure cloud computing platforms used for vibration monitoring, rising focus toward predictive maintenance in the industrial sector, and deployment of vibration monitoring technologies in the ecosystem of smart manufacturing, and realization of benefits of vibration monitoring systems by manufacturers across the world are contributing to the growth of the vibration monitoring market. Rising adoption of machine learning and big data analytics, strategic partnerships and collaborations among different market players, and advent of Industrial Internet of Things (IIoT) act as a growth opportunity for the market players.
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The outbreak of COVID-19 has forced almost all manufacturing companies to reassess their strategies and come up with quick responses to stabilize their supply chain. Many manufacturing companies have halted their production, which has collaterally damaged the supply chain and negatively impacted the growth of the vibration monitoring market. Many industrial communication companies worldwide witnessed a significant reduction in revenue growth in the first quarter of 2020. On the other hand, a few companies witnessed a considerably low impact of the pandemic on their sales and manufacturing units in the first quarter of 2020. However, these companies would witness a high impact in the second quarter of the year.
Market Dynamics:
Driver: Rising need of remote operations owing to spread of COVID-19
The outbreak and the spread of the COVID-19 have caused major health and economic losses across the world. Process and manufacturing industries worldwide have been impacted by the shutdown of plants and disruptions in the global supply chain. The adherence to physical distancing norms and the restrictions on the movement of the masses has also affected operations of various industries. These measures have resulted in the requirement of remote supervision and operational control over manufacturing and processing plants. Companies operating in different industries preferred not to deploy new vibration monitoring systems such as vibration monitoring during the pandemic owing to the economic crisis faced by them. With the gradual recovery of the economy and the increased requirement of remote operations, the vibration monitoring market is gaining traction owing to the need to adopt highly automated systems that require no to minimum human supervision.
Vibration monitoring systems among the machine condition monitoring systems help in supervising and controlling plant operations from remote locations with the help of real-time data gathered from different devices. Therefore, these systems are helpful in eliminating human interference in the supervision of industrial plants. This is expected to lead to an increased deployment of new vibration monitoring systems in different industries in the near future.
Restraint: Reliability issues in prediction capabilities of vibration monitoring systems
Some operators rely on their instincts and experiences to judge the condition of machines that is not always a reliable option. There may be instances wherein operators can overrule the analysis based on their personal experiences or due to the lack of trust in the prediction capabilities of vibration monitoring technology. Experienced operators are at times skeptical about the diagnostics and predictions provided by vibration monitoring systems owing to mistakes made by these machines in the form of dropped metrics, service outages, and unreliable alerting signals.
Moreover, operators may not accept the new way of planning and maintaining the performance of machines, thereby resulting in disapprovals for the implementation of successful vibration monitoring programs. This is due to the complexity of production systems that may include multiple assets on which it may be difficult to install vibration monitoring systems and solutions.
Opportunity: Rising adoption of machine learning and big data analytics
The advent of machine learning, coupled with efficient big data analytics and a parallel processing framework, is transforming the vibration monitoring market. Big data analytics has accelerated the process of the analysis of the data generated by condition monitoring systems owing to its capability of processing large volumes of data. Machine learning carries out easy benchmarking of machine performance, enables transparency in data, and supports efficient collaboration among different processes of vibration monitoring systems. Big data-enabled vibration monitoring helps companies in lowering the overall cost of ownership of assets and enables them to run their business efficiently.
The ability of vibration monitoring systems to access real-time performance data of assets can be transformative for companies operating in different industries. The development of sensor technology enables the collection of high-dimensional and non-linear data that can be streamed live. This data is then curated to support decision-making in several industries, such as oil & gas, food & beverage, power generation, and automotive. Cloud computing enables a large volume of data to be processed in a standardized way. With cloud-based systems, operators can take measurements and analyze them without expertise. In case of any problem, information can be shared over the cloud to troubleshoot it. Thus, cloud-based software is the right choice to lower the total cost of ownership of systems rather than employing IT resources to carry out all work.
Early discovery of system faults may ensure the reliability and the safety of industrial systems and reduce risks of unplanned breakdowns. Less human intervention and errors can help in reducing failures and energy consumption of motors. Hence, machine maintenance can evolve from being reactive to proactive. Big data-enabled condition monitoring can help companies lower the total cost of ownership of assets and run their businesses efficiently by making decisions regarding the requirement of monitoring different machine components, the kind of failures industrial systems may undergo, the schedule to replace different components in machines, and the general relevance of various components in machines.
In addition, big data is being adopted in maintenance applications. It is being used for the maintenance of railway tracks and electric grids. Big data and new analytical techniques can have a significant impact on the way the information related to assets is stored, analyzed, and presented for a positive effect on different maintenance processes.
Challenge: Difficulty in accessing expertise at remote locations
Vibration monitoring systems are deployed by a number of companies to achieve operational excellence in their manufacturing processes by reducing equipment failures. It is a predictive maintenance strategy wherein the main objective is to determine the current health condition of assets and predict their future behavior to carry out maintenance at the most appropriate time. This results in a decreased downtime and consequently increased productivity. The efficiency of vibration monitoring systems depends on the technical expertise of operators to accurately measure and analyze data. As oil & gas production facilities and power generation plants are located at remote locations, the availability of experts at these locations acts as a challenge. Technical expertise is necessary for system optimization, software updates, system networking, data transmissions, and others. Therefore, it becomes difficult to implement vibration monitoring systems in locations where access to expertise is difficult.
Hardware segment to account for the largest share of the vibration monitoring market by 2026
The hardware segment is expected to hold the largest share of the vibration monitoring market. Vibration can be measured through various types of sensors. Based on different types of vibrations, there are sensors designed to measure displacement, velocity, and acceleration, with different measuring devices and sensors such as accelerometers, proximity probes, velocity sensors, and transmitters. These devices are considered to be the main components of vibration monitoring systems. They are the main sources through which the data related to vibration levels in machinery is obtained well in advance. The data extracted by hardware components enables an effective predictive maintenance program to avoid costly downtime.
Online vibration monitoring accounted for the largest market share in 2020
Online vibration monitoring is an advanced monitoring process, and it provides real-time plant data to operators, resulting in its higher adoption than portable vibration monitoring process. Online vibration monitoring systems have applications in industries where a 24-hour production is required. In production-intensive industries, such as oil & gas, power generation, and mining & metals, failure of some devices leads to complete system overhauls, high repair costs, and an unsafe work environment. Thus, such industries require continuous monitoring of assets and machinery. In industries with production plants at remote locations, vibration monitoring using portable monitoring processes is difficult; therefore, industries such as oil & gas, power generation, and mining & metals rely increasingly on online vibration monitoring systems.
Oil & gas industry accounted for the largest market share in 2020
The oil & gas industry accounted for the largest share of the vibration monitoring market in 2020. The industry has been emphasizing increasing its profitability owing to the rising pressure of high operating costs of oil & gas plants. Fluctuations in oil prices in the global market are another factor contributing to the increasing pressure on the oil & gas industry to reduce its operating costs. Thus, this industry is expected to adopt vibration monitoring systems and solutions to maintain the efficient working of its critical assets and reduce downtime. The overall ecosystem of machine condition monitoring ensures uninterrupted operations of production machinery with minimized downtime; this helps reduce maintenance costs and increase the productivity of the machinery used in oil & gas plants. Moreover, the increasing demand for online vibration monitoring solutions is expected to further drive the vibration monitoring market for oil & gas industry. Though the industry accounted for the largest share of the vibration monitoring market in 2020, there was a sharp decline in oil prices owing to the COVID-19 in the same year. This may adversely affect the deployment of new vibration monitoring systems and solutions in the industry in 2021, as it is expected to start recovering in the same year, and the deployment of new vibration monitoring systems and solutions will result in increased expenses for oil & gas companies.
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North America to account for the largest market share during the forecast period
North America to account for the largest market share during the forecast period. Factors such as an increased focus on optimum asset utilization; tight government regulations for workplace and personnel safety; and stringent quality control in the oil & gas, chemical, and food & beverage industries drive the demand for vibration monitoring systems and solutions in North America. Emphasis on plant asset management and presence of prominent market players such as Emerson Electric, General Electric, Honeywell International, National Instruments, and Parker Hannifin in the US contribute to the high demand for vibration monitoring systems in the country. The aerospace and oil & gas industries are developing at a rapid pace in Canada and Mexico. This is also expected to drive the market in North America. The post-COVID-19 scenario is expected to be characterized by supply chain disruptions and suspension of commercial and industrial activities. Consequently, the demand for semiconductor devices in these segments is anticipated to reduce remarkably. The US, which is home to the majority of manufacturers of vibration monitoring systems, has witnessed the impact of the COVID-19 on the production of sensors and other components owing to disruptions in the manufacturing activities caused by lockdowns and shutdowns of production facilities.
Key Market Players
Emerson Electric, General Electric, Honeywell International, National Instruments, and SKF are among the major players in the vibration monitoring market.
Scope of the Report
|
Report Metric |
Detail |
|
Market Size Availability for Years |
2017–2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021–2026 |
|
Forecast Units |
Value (USD) |
|
Segments Covered |
By offering, monitoring process, deployment type, system type, and industry |
|
Geographies Covered |
North America, Europe, APAC, and RoW |
|
Companies Covered |
Emerson Electric, General Electric, Honeywell International, National Instruments, and SKF |
This research report categorizes the vibration monitoring market, offering, monitoring process, deployment type, system type, industry, and region
Based on Offering:
- Hardware
- Software
- Services
Based on Monitoring Process:
- Online Vibration Monitoring
- Portable Vibration Monitoring
Based on Deployment Type:
- On-premises
- Cloud
Based on System Type:
- Embedded Systems
- Vibration Analyzers
- Vibration Meters
Based on Industry:
- Oil & Gas
- Power Generation
- Mining & Metals
- Chemical
- Automotive
- Aerospace & Defense
- Food & Beverage
- Marine
- Others
Based on the Region:
- North America
- Europe
- APAC
- RoW (South America, Middle East & Africa)
Recent Developments
- In January 2021, SKF collaborated with Norwegian shipowner Solvang to introduce predictive maintenance to its fleet of tankers by investing in the new system for manual vibration monitoring, Enlight ProCollect from SKF. Solvang, which transports a variety of petrochemicals, will use SKF’s QuickCollect vibration sensors and ProCollect app to monitor a range of onboard rotating equipment.
- In April 2020, SKF collaborated with connectivity expert LumenRadio to create a new wireless monitoring system that measures vibration and temperature. The “SKF Enlight Collect IMx-1 System” combines SKF’s knowledge in machine health monitoring with LumenRadio’s patented network technology.
- In March 2020, SKF released a compact and cost-efficient vibration and temperature sensor for monitoring the condition of rotating parts of heavy industrial machinery. Designed principally for use as part of an SKF Rotating Equipment Performance (REP) solution, the sensor—called the SKF Enlight Collect IMx-1—enables customers to reduce both expensive unplanned downtime and their maintenance costs.
- In November 2019, Emerson launched the AMS Wireless Vibration Monitor, which is a low-cost and easily deployable vibration sensor. This sensor helps in analyzing vibration data for the identification of failure and prevention of prospective vibration problems associated with rotating machines.
- In May 2019, Baker Hughes, the oil & gas arm of General Electric, signed an agreement with Topaz Energy and Marine for collaboration on VitalyX, an oil condition monitoring platform by Baker Hughes.
Frequently Asked Questions (FAQ):
Which are the major companies in the vibration monitoring market? What are their major strategies to strengthen their market presence?
The major companies in the Vibration Monitoring market are – General Electric (US), Honeywell International (US), Emerson Electric (US), SKF (Sweden), Schaeffler (Germany), Parker Haniffin (US), Rockwell Automation (US), Meggit (UK), Analog Devices (US), and National Instruments (US) are the key players in the vibration monitoring market. These top players have strong portfolios of products and services and presence in both mature and emerging markets. Players in this market have adopted product launches/development and collaboration strategies to increase their market share.
Which is the potential market for in terms of the region?
North America accounted for the largest market share of the vibration monitoring market in 2020. Factors such as increased focus on optimum asset utilization; tight government regulations for workplace and personnel safety; and stringent quality control in the oil & gas, chemical, and food & beverage industries drive the demand for vibration monitoring systems and solutions in North America. Emphasis on plant asset management and presence of prominent market players such as Emerson Electric, General Electric, Honeywell International, National Instruments, and Parker Hannifin in the US contribute to the high demand for vibration monitoring systems in the country. The aerospace and oil & gas industries are developing at a rapid pace in Canada and Mexico. This is also expected to drive the market in North America. The post-COVID-19 scenario is expected to be characterized by supply chain disruptions and suspension of commercial and industrial activities. Consequently, the demand for semiconductor devices in these segments is anticipated to reduce remarkably. The US, which is home to the majority of manufacturers of vibration monitoring systems, has witnessed the impact of the COVID-19 on the production of sensors and other components owing to disruptions in the manufacturing activities caused by lockdowns and shutdowns of production facilities.
What are the opportunities for new market entrants?
There are significant opportunities in the vibration monitoring market such as the rising adoption of machine learning and big data analytics, strategic partnership and collaboration among different market players, and advent of IIoT.
Which verticals are expected to drive the growth of the market in the next five years?
Major end-user industries for the vibration monitoring market include – oil & gas, power generation, automotive, and metals & mining.
Based on monitoring process which segment is expected to hold the largest share of the market by 2026?
The online vibration monitoring segment is expected to hold the largest share of the vibration monitoring market by 2026. Online vibration monitoring is an advanced monitoring process, and it provides real-time plant data to operators, resulting in its higher adoption than portable vibration monitoring process. Online vibration monitoring systems have applications in industries where a 24-hour production is required. In production-intensive industries, such as oil & gas, power generation, and mining & metals, failure of some devices leads to complete system overhauls, high repair costs, and an unsafe work environment. Thus, such industries require continuous monitoring of assets and machinery. In industries with production plants at remote locations, vibration monitoring using portable monitoring processes is difficult; therefore, industries such as oil & gas, power generation, and mining & metals rely increasingly on online vibration monitoring systems. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 VIBRATION MONITORING MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 VOLUME UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 35)
2.1 RESEARCH DATA
FIGURE 2 VIBRATION MONITORING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Key secondary sources
2.1.2.2 Secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary sources
2.1.3.2 Key industry insights
2.1.3.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size using bottom-up analysis
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size using top-down analysis
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR VIBRATION MONITORING MARKET USING SUPPLY-SIDE ANALYSIS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENTS
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY (Page No. - 46)
FIGURE 7 EFFECT OF COVID-19 ON VIBRATION MONITORING MARKET
3.1 POST-COVID-19 SCENARIO
TABLE 2 POST-COVID-19 SCENARIO: VIBRATION MONITORING MARKET, 2021–2026 (USD MILLION)
3.2 OPTIMISTIC SCENARIO (POST-COVID-19)
TABLE 3 OPTIMISTIC SCENARIO (POST-COVID-19): VIBRATION MONITORING MARKET, 2021–2026 (USD MILLION)
3.3 PESSIMISTIC SCENARIO (POST-COVID-19)
TABLE 4 PESSIMISTIC SCENARIO (POST-COVID-19): VIBRATION MONITORING MARKET, 2021–2026 (USD MILLION)
FIGURE 8 ONLINE VIBRATION MONITORING SEGMENT TO LEAD THE MARKET FROM 2021 TO 2026
FIGURE 9 EMBEDDED SYSTEMS SEGMENT TO HOLD THE LARGEST SHARE OF VIBRATION MONITORING MARKET FROM 2021 TO 2026
FIGURE 10 OIL & GAS INDUSTRY TO HOLD THE LARGEST SHARE OF VIBRATION MONITORING MARKET IN 2021
FIGURE 11 NORTH AMERICA WAS THE LARGEST VIBRATION MONITORING MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 52)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN VIBRATION MONITORING MARKET
FIGURE 12 BIG DATA ANALYTICS AND INDUSTRIAL INTERNET OF THINGS (IIOT) TO FUEL GROWTH OF VIBRATION MONITORING MARKET FROM 2021 TO 2026
4.2 VIBRATION MONITORING MARKET, BY OFFERING
FIGURE 13 HARDWARE TO BE THE LARGER SEGMENT OF VIBRATION MONITORING MARKET FROM 2021 TO 2026
4.3 VIBRATION MONITORING MARKET, BY MONITORING PROCESS
FIGURE 14 ONLINE VIBRATION MONITORING SEGMENT TO LEAD THE MARKET FROM 2021 TO 2026
4.4 VIBRATION MONITORING MARKET, BY SYSTEM TYPE
FIGURE 15 EMBEDDED SYSTEMS SEGMENT TO HOLD THE LARGEST SHARE OF THE VIBRATION MONITORING MARKET IN 2026
4.5 VIBRATION MONITORING MARKET, BY INDUSTRY
FIGURE 16 POWER GENERATION SEGMENT O BE THE LARGEST INDUSTRY OF VIBRATION MONITORING IN 2026
4.6 VIBRATION MONITORING MARKET, BY COUNTRY
FIGURE 17 VIBRATION MONITORING MARKET IN INDIA TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
5 MARKET OVERVIEW (Page No. - 56)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 VIBRATION MONITORING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising need of remote operations owing to the spread of COVID-19
5.2.1.2 Adoption of wireless communication technology in vibration monitoring
5.2.1.3 Advent of secure cloud computing platforms used for vibration monitoring
5.2.1.4 Rising focus toward predictive maintenance in the industrial sector
5.2.1.5 Deployment of vibration monitoring technologies in the ecosystem of smart manufacturing
5.2.1.6 Realization of benefits of vibration monitoring systems by manufacturers across the world
FIGURE 19 IMPACT OF DRIVERS ON VIBRATION MONITORING MARKET
5.2.2 RESTRAINTS
5.2.2.1 Reliability issues in prediction capabilities of vibration monitoring systems
5.2.2.2 Lack of trained technical resources for data analysis
FIGURE 20 IMPACT OF RESTRAINTS ON VIBRATION MONITORING MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Rising adoption of machine learning and big data analytics
5.2.3.2 Strategic partnerships and collaborations among different market players
5.2.3.3 Advent of Industrial Internet of Things (IIoT)
FIGURE 21 IMPACT OF OPPORTUNITIES ON VIBRATION MONITORING MARKET
5.2.4 CHALLENGES
5.2.4.1 Difficulty in accessing expertise at remote locations
5.2.4.2 Additional expenses and difficulties faced during retrofitting of existing systems
5.2.4.3 Integration of vibration monitoring systems with other maintenance systems
FIGURE 22 IMPACT OF CHALLENGES ON VIBRATION MONITORING MARKET
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 VALUE CHAIN ANALYSIS: VIBRATION MONITORING MARKET
5.4 ECOSYSTEM ANALYSIS
TABLE 5 ECOSYSTEM: VIBRATION MONITORING MARKET
5.5 CASE STUDY ANALYSIS
5.5.1 TWI DEVELOPED AN ADVANCED CONDITION MONITORING SYSTEM (CMS) AND METHODS OF CONTINUOUSLY MONITORING ROTATING PARTS IN WIND TURBINES
5.5.2 BARKING POWER REDUCES PLANT DOWNTIME AND ENHANCES OPERATOR SAFETY USING WIRELESS VIBRATION TRANSMITTERS OF EMERSON
5.5.3 VIBRATIONAL ANALYSIS FOR REMOTE CONDITION MONITORING (VA-RCM)- A COLLABORATIVE PROJECT
5.6 REVENUE SHIFT AND NEW REVENUE POCKETS FOR VIBRATION MONITORING MARKET
5.7 PORTER’S FIVE FORCES ANALYSIS
TABLE 6 IMPACT OF EACH FORCE ON MARKET (2020)
5.7.1 BARGAINING POWER OF SUPPLIERS
5.7.2 BARGAINING POWER OF BUYERS
5.7.3 THREAT OF NEW ENTRANTS
5.7.4 THREAT OF SUBSTITUTES
5.7.5 INTENSITY OF COMPETITIVE RIVALRY
5.8 TECHNOLOGY ANALYSIS
5.8.1 INTERNET OF THINGS (IOT)
5.8.2 CLOUD COMPUTING TECHNOLOGY
FIGURE 24 ADVANTAGES OF CLOUD-BASED VIBRATION MONITORING
FIGURE 25 INDUSTRIAL DEVELOPMENT MODEL
5.9 PRICING ANALYSIS
TABLE 7 AVERAGE SELLING PRICES OF VIBRATION MONITORING SYSTEMS OFFERED BY TOP COMPANIES, 2020
TABLE 8 INDICATIVE PRICES OF VIBRATION MONITORING COMPONENTS
5.10 TRADE ANALYSIS
FIGURE 26 IMPORT DATA, BY COUNTRY, 2016–2020 (USD MILLION)
FIGURE 27 EXPORT DATA, 2016–2020 (USD MILLION)
5.11 PATENT ANALYSIS
FIGURE 28 TOP 10 COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 9 TOP 20 PATENT OWNERS IN LAST 10 YEARS
FIGURE 29 NUMBER OF PATENTS GRANTED PER YEAR FROM 2010 TO 2020
5.12 TARIFF AND REGULATORY LANDSCAPE
5.12.1 TARIFF LANDSCAPE
TABLE 10 TARIFF DATA OF CHINA FOR PARTS AND ACCESSORIES FOR INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING AND CHECKING, BY COUNTRY, 2020
TABLE 11 TARIFF DATA OF US FOR PARTS AND ACCESSORIES FOR INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING AND CHECKING, BY COUNTRY, 2020
TABLE 12 TARIFF DATA OF GERMANY FOR PARTS AND ACCESSORIES FOR INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING AND CHECKING, BY COUNTRY, 2020
5.12.2 REGULATORY LANDSCAPE
5.12.3 API
5.12.4 ASTM
5.12.5 ISO
5.12.6 MIMOSA
6 VIBRATION MONITORING MARKET, BY OFFERING (Page No. - 82)
6.1 INTRODUCTION
FIGURE 30 VIBRATION MONITORING MARKET, BY OFFERING
TABLE 13 VIBRATION MONITORING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 14 VIBRATION MONITORING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
FIGURE 31 VIBRATION MONITORING MARKET FOR SOFTWARE TO REGISTER HIGHER CAGR BETWEEN 2021 AND 2026
6.2 HARDWARE
TABLE 15 VIBRATION MONITORING MARKET FOR HARDWARE, 2017–2020 (VALUE AND VOLUME)
TABLE 16 VIBRATION MONITORING MARKET FOR HARDWARE, 2021–2026 (VALUE AND VOLUME)
6.2.1 ACCELEROMETERS
6.2.1.1 Increased deployment of accelerometers in industrial plants for monitoring accelerations in machines to drive the market
6.2.2 PROXIMITY PROBES
6.2.2.1 Surged demand for proximity probes to carry out accurate displacement measurements of devices to boost the market
6.2.3 VELOCITY SENSORS
6.2.3.1 Velocity sensors are capable of recording low- to medium-frequency measurements
6.2.4 TRANSMITTERS
6.2.4.1 Transmitters are significant components of vibration monitoring systems
6.2.5 OTHERS
TABLE 17 VIBRATION MONITORING MARKET FOR HARDWARE, BY HARDWARE TYPE, 2017–2020 (USD MILLION)
TABLE 18 VIBRATION MONITORING MARKET FOR HARDWARE, BY HARDWARE TYPE, 2021–2026 (USD MILLION)
6.3 SOFTWARE
6.3.1 DATA INTEGRATION
6.3.1.1 There is an increased demand for vibration monitoring software to carry out data integration for the efficient portrayal of machine health
6.3.2 DIAGNOSTIC REPORTING
6.3.2.1 Increased use of diagnostic reporting to analyze the overall health of industrial machines and plants to propel the market
6.3.3 PARAMETER CALCULATION
6.3.3.1 Growth in the deployment of vibration monitoring software in industrial plants for evaluating reliability parameters of equipment to be the market driver
6.4 SERVICES
6.4.1 SERVICE PROCUREMENT TYPES OF VIBRATION MONITORING EQUIPMENT
6.4.1.1 Third-party Service Providers (INDIRECT)
6.4.1.2 End Users (DIRECT)
6.4.2 ROUTE-BASED VIBRATION MONITORING SERVICES
6.4.3 CLOUD-BASED PREDICTIVE MAINTENANCE (MAINTENANCE–AS–A–SERVICE)
FIGURE 32 DATA EXCHANGE IN CLOUD-BASED MAINTENANCE FRAMEWORK
7 VIBRATION MONITORING MARKET, BY MONITORING PROCESS (Page No. - 92)
7.1 INTRODUCTION
FIGURE 33 VIBRATION MONITORING MARKET, BY MONITORING PROCESS
FIGURE 34 ONLINE VIBRATION MONITORING SEGMENT TO LEAD THE VIBRATION MONITORING MARKET FROM 2021 TO 2026
TABLE 19 VIBRATION MONITORING MARKET, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 20 VIBRATION MONITORING MARKET, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
7.2 ONLINE VIBRATION MONITORING
7.2.1 ONLINE VIBRATION MONITORING SYSTEMS DELIVER REAL-TIME MACHINERY HEALTH INFORMATION TO PLANT OPERATORS
TABLE 21 ONLINE VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 22 ONLINE VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 23 ONLINE VIBRATION MONITORING MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 24 ONLINE VIBRATION MONITORING MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
7.3 PORTABLE VIBRATION MONITORING
7.3.1 EMERGENCE OF PORTABLE VIBRATION MONITORING AS A COST-EFFECTIVE VIBRATION MONITORING PROCESS TO FAVOR MARKET GROWTH
TABLE 25 PORTABLE VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 26 PORTABLE VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 27 PORTABLE VIBRATION MONITORING MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 28 PORTABLE VIBRATION MONITORING MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
8 VIBRATION MONITORING MARKET, BY DEPLOYMENT TYPE (Page No. - 99)
8.1 INTRODUCTION
FIGURE 35 VIBRATION MONITORING MARKET, BY DEPLOYMENT TYPE
FIGURE 36 ON-PREMISES DEPLOYMENT TO BE THE LARGER SEGMENT OF THE VIBRATION MONITORING MARKET FROM 2021 TO 2026
TABLE 29 VIBRATION MONITORING MARKET, BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION)
TABLE 30 VIBRATION MONITORING MARKET, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
8.2 ON-PREMISES DEPLOYMENT
8.2.1 LIMITATIONS OF ON-PREMISES DEPLOYMENT OF VIBRATION MONITORING SOLUTIONS AND SYSTEMS TO IMPACT MARKET GROWTH
FIGURE 37 LIMITATIONS OF ON-PREMISES DEPLOYMENT OF VIBRATION MONITORING SOLUTIONS AND SYSTEMS
8.3 CLOUD DEPLOYMENT
8.3.1 ADVANTAGES OF CLOUD DEPLOYMENT OVER ON-PREMISES DEPLOYMENT TO DRIVE DEMAND FOR THIS DEPLOYMENT TYPE
FIGURE 38 ADVANTAGES OF CLOUD DEPLOYMENT OF VIBRATION MONITORING SYSTEMS AND SOLUTIONS
9 VIBRATION MONITORING MARKET, BY SYSTEM TYPE (Page No. - 104)
9.1 INTRODUCTION
FIGURE 39 VIBRATION MONITORING MARKET, BY SYSTEM TYPE
FIGURE 40 VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS TO GROW AT THE HIGHEST CAGR DURING 2021–2026
TABLE 31 VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 32 VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
9.2 EMBEDDED SYSTEMS
9.2.1 EMBEDDED SYSTEMS ARE LARGELY ADOPTED IN OIL & GAS AND ENERGY & POWER INDUSTRIES
TABLE 33 VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 34 VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 35 VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 36 VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS, BY INDUSTRY, 2021–2026 (USD MILLION)
9.3 VIBRATION ANALYZERS
9.3.1 VIBRATION DATA GATHERED THROUGH VIBRATION ANALYZERS SUPPORTS IN EFFICIENT VIBRATION MONITORING
TABLE 37 VIBRATION MONITORING MARKET FOR VIBRATION ANALYZERS, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 38 VIBRATION MONITORING MARKET FOR VIBRATION ANALYZERS, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 39 VIBRATION MONITORING MARKET FOR VIBRATION ANALYZERS, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 40 VIBRATION MONITORING MARKET FOR VIBRATION ANALYZERS, BY INDUSTRY, 2021–2026 (USD MILLION)
9.4 VIBRATION METERS
9.4.1 VIBRATION METERS ARE MAINLY USED FOR SIMPLE READINGS OF VIBRATION MEASUREMENT OF MACHINES
TABLE 41 VIBRATION MONITORING MARKET FOR VIBRATION METERS, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 42 VIBRATION MONITORING MARKET FOR VIBRATION METERS, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 43 VIBRATION MONITORING MARKET FOR VIBRATION METERS, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 44 VIBRATION MONITORING MARKET FOR VIBRATION METERS, BY INDUSTRY, 2021–2026 (USD MILLION)
10 VIBRATION MONITORING MARKET, BY INDUSTRY (Page No. - 113)
10.1 INTRODUCTION
FIGURE 41 VIBRATION MONITORING MARKET, BY INDUSTRY
FIGURE 42 OIL & GAS TO HOLD THE LARGEST SHARE OF THE VIBRATION MONITORING MARKET FROM 2021 TO 2026
TABLE 45 VIBRATION MONITORING MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 46 VIBRATION MONITORING MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
10.2 OIL & GAS
10.2.1 ADVENT OF INDUSTRY 4.0 TO ADDRESS VIBRATION MONITORING REQUIREMENTS OF OIL & GAS INDUSTRY
TABLE 47 VIBRATION MONITORING MARKET FOR OIL & GAS INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
FIGURE 43 ONLINE VIBRATION MONITORING SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE FOR OIL & GAS INDUSTRY FROM 2021 TO 2026
TABLE 48 VIBRATION MONITORING MARKET FOR OIL & GAS INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 49 VIBRATION MONITORING MARKET FOR OIL & GAS INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 50 VIBRATION MONITORING MARKET FOR OIL & GAS INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 51 VIBRATION MONITORING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 52 VIBRATION MONITORING MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.3 POWER GENERATION
10.3.1 INVESTMENTS FOR HARNESSING SUSTAINABLE ENERGY TO LEAD TO THE ADOPTION OF VIBRATION MONITORING SYSTEMS AND SOLUTIONS IN POWER GENERATION INDUSTRY
FIGURE 44 GLOBAL INVESTMENTS IN RENEWABLE ENERGY, 2010–2019 (USD BILLION)
TABLE 53 VIBRATION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 54 VIBRATION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 55 VIBRATION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 56 VIBRATION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 57 VIBRATION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 58 VIBRATION MONITORING MARKET FOR POWER GENERATION INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.4 MINING & METALS
10.4.1 VIBRATION SENSORS ARE USED FOR IDENTIFYING FAULTS IN MINING MACHINERY
TABLE 59 VIBRATION MONITORING MARKET FOR MINING & METALS INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 60 VIBRATION MONITORING MARKET FOR MINING & METALS INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 61 VIBRATION MONITORING MARKET FOR MINING & METALS INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 62 VIBRATION MONITORING MARKET FOR MINING & METALS INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 63 VIBRATION MONITORING MARKET FOR MINING & METALS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 64 VIBRATION MONITORING MARKET FOR MINING & METALS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.5 CHEMICAL
10.5.1 DEPLOYMENT OF VIBRATION MONITORING SOLUTIONS AND SYSTEMS IN CHEMICAL INDUSTRY TO MONITOR CHEMICAL PROCESSES
TABLE 65 VIBRATION MONITORING MARKET FOR CHEMICAL INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 66 VIBRATION MONITORING MARKET FOR CHEMICAL INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 67 VIBRATION MONITORING MARKET FOR CHEMICAL INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 68 VIBRATION MONITORING MARKET FOR CHEMICAL INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 69 VIBRATION MONITORING MARKET FOR CHEMICAL INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
FIGURE 45 VIBRATION MONITORING MARKET IN APAC FOR CHEMICAL INDUSTRY TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 70 VIBRATION MONITORING MARKET FOR CHEMICAL INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.6 AUTOMOTIVE
10.6.1 IIOT ENABLES AUTOMOTIVE INDUSTRY TO ADOPT EASY VIBRATION MONITORING SOLUTIONS
TABLE 71 VIBRATION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 72 VIBRATION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 73 VIBRATION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 74 VIBRATION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 75 VIBRATION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 76 VIBRATION MONITORING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.7 AEROSPACE & DEFENSE
10.7.1 ADOPTION OF SMART FACTORY SOLUTIONS FOR VIBRATION MONITORING TO DRIVE THE MARKET IN THE AEROSPACE & DEFENSE INDUSTRY
TABLE 77 VIBRATION MONITORING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 78 VIBRATION MONITORING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 79 VIBRATION MONITORING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 80 VIBRATION MONITORING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 81 VIBRATION MONITORING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 82 VIBRATION MONITORING MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.8 FOOD & BEVERAGE
10.8.1 RAPID TECHNOLOGICAL DEVELOPMENTS IN FOOD & BEVERAGE INDUSTRY TO FUEL DEMAND FOR VIBRATION MONITORING SYSTEMS AND SOLUTIONS
TABLE 83 VIBRATION MONITORING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 84 VIBRATION MONITORING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 85 VIBRATION MONITORING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 86 VIBRATION MONITORING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 87 VIBRATION MONITORING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 88 VIBRATION MONITORING MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.9 MARINE
10.9.1 PREDICTIVE MAINTENANCE GAINING SIGNIFICANT IMPORTANCE IN GLOBAL MARINE INDUSTRY
TABLE 89 VIBRATION MONITORING MARKET FOR MARINE INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
FIGURE 46 ONLINE VIBRATION MONITORING SEGMENT TO ACCOUNT FOR LARGE SIZE OF VIBRATION MONITORING MARKET FOR MARINE INDUSTRY FROM 2021 TO 2026
TABLE 90 VIBRATION MONITORING MARKET FOR MARINE INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 91 VIBRATION MONITORING MARKET FOR MARINE INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 92 VIBRATION MONITORING MARKET FOR MARINE INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 93 VIBRATION MONITORING MARKET FOR MARINE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 94 VIBRATION MONITORING MARKET FOR MARINE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
10.10 OTHERS
TABLE 95 VIBRATION MONITORING MARKET FOR OTHER INDUSTRIES, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 96 VIBRATION MONITORING MARKET FOR OTHER INDUSTRIES, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 97 VIBRATION MONITORING MARKET FOR OTHER INDUSTRIES, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 98 VIBRATION MONITORING MARKET FOR OTHER INDUSTRIES, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 99 VIBRATION MONITORING MARKET FOR OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
TABLE 100 VIBRATION MONITORING MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)
11 GEOGRAPHIC ANALYSIS (Page No. - 144)
11.1 INTRODUCTION
FIGURE 47 VIBRATION MONITORING MARKET IN INDIA TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 101 VIBRATION MONITORING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 102 VIBRATION MONITORING MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2 NORTH AMERICA
FIGURE 48 NORTH AMERICA: VIBRATION MONITORING MARKET SNAPSHOT
TABLE 103 VIBRATION MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 104 VIBRATION MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 105 VIBRATION MONITORING MARKET IN NORTH AMERICA, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 106 VIBRATION MONITORING MARKET IN NORTH AMERICA, BY INDUSTRY, 2021–2026 (USD MILLION)
11.2.1 US
11.2.1.1 New product launches and collaborations by key players to fuel the growth of the market
11.2.2 CANADA
11.2.2.1 Adoption of smart factory solutions in Canada to boost the market
11.2.3 MEXICO
11.2.3.1 Growth of industrial automation market in Mexico to contribute to the demand
11.3 EUROPE
FIGURE 49 EUROPE: VIBRATION MONITORING MARKET SNAPSHOT
TABLE 107 VIBRATION MONITORING MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 108 VIBRATION MONITORING MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 109 VIBRATION MONITORING MARKET IN EUROPE, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 110 VIBRATION MONITORING MARKET IN EUROPE, BY INDUSTRY, 2021–2026 (USD MILLION)
11.3.1 GERMANY
11.3.1.1 Deployment of Industry 4.0 to support the growth of the vibration monitoring market
11.3.2 UK
11.3.2.1 Deployment of IoT in the manufacturing sector to drive the market
11.3.3 FRANCE
11.3.3.1 Focus on technological research and development and government support to fuel the growth of the market
11.3.4 REST OF EUROPE
11.4 APAC
FIGURE 50 APAC: VIBRATION MONITORING MARKET SNAPSHOT
TABLE 111 VIBRATION MONITORING MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 112 VIBRATION MONITORING MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 113 VIBRATION MONITORING MARKET IN APAC, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 114 VIBRATION MONITORING MARKET IN APAC, BY INDUSTRY, 2021–2026 (USD MILLION)
11.4.1 CHINA
11.4.1.1 Pressure of increasing labor costs to encourage use of vibration monitoring systems and solutions in China
11.4.2 JAPAN
11.4.2.1 Notable growth in the automotive industry of Japan to fuel the demand
11.4.3 INDIA
11.4.3.1 Make in India initiative to drive adoption of vibration monitoring systems and solutions in the manufacturing sector
11.4.4 REST OF APAC
11.5 REST OF THE WORLD (ROW)
TABLE 115 VIBRATION MONITORING MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 116 VIBRATION MONITORING MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
TABLE 117 VIBRATION MONITORING MARKET IN ROW, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 118 VIBRATION MONITORING MARKET IN ROW, BY INDUSTRY, 2021–2026 (USD MILLION)
11.5.1 MIDDLE EAST AND AFRICA
11.5.1.1 Oil & gas sector of the Middle East witnessing increased adoption of vibration monitoring systems and solutions
11.5.2 SOUTH AMERICA
11.5.2.1 Investments by economies of South America in various sectors to propel the market
12 COMPETITIVE LANDSCAPE (Page No. - 164)
12.1 OVERVIEW
12.2 TOP FIVE COMPANY REVENUE ANALYSIS
FIGURE 51 VIBRATION MONITORING MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2016–2020
12.3 MARKET SHARE ANALYSIS, 2020
TABLE 119 VIBRATION MONITORING MARKET SHARE ANALYSIS (2020)
12.4 COMPETITIVE LEADERSHIP MAPPING
12.4.1 STAR
12.4.2 EMERGING LEADER
12.4.3 PERVASIVE
12.4.4 PARTICIPANT
FIGURE 52 VIBRATION MONITORING MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
12.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX, 2020
12.5.1 PROGRESSIVE COMPANY
12.5.2 RESPONSIVE COMPANY
12.5.3 DYNAMIC COMPANY
12.5.4 STARTING BLOCK
FIGURE 53 VIBRATION MONITORING MARKET (GLOBAL), SME EVALUATION QUADRANT, 2020
12.6 VIBRATION MONITORING MARKET: PRODUCT FOOTPRINT
TABLE 120 COMPANY FOOTPRINT
TABLE 121 INDUSTRY FOOTPRINT OF COMPANIES
TABLE 122 REGIONAL FOOTPRINT OF COMPANIES
12.7 COMPETITIVE SITUATIONS AND TRENDS
12.7.1 PRODUCT LAUNCHES
TABLE 123 VIBRATION MONITORING MARKET: PRODUCT LAUNCHES, APRIL 2019–MARCH 2021
12.7.2 DEALS
TABLE 124 VIBRATION MONITORING MARKET: DEALS, MAY 2019–JANUARY 2021
13 COMPANY PROFILES (Page No. - 177)
13.1 INTRODUCTION
13.1.1 IMPACT OF COVID-19 ON COMPANIES OPERATING IN THE VIBRATION MONITORING MARKET
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.2 KEY PLAYERS
13.2.1 GENERAL ELECTRIC
FIGURE 54 GENERAL ELECTRIC: COMPANY SNAPSHOT
13.2.2 HONEYWELL INTERNATIONAL
FIGURE 55 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
13.2.3 EMERSON ELECTRIC
FIGURE 56 EMERSON ELECTRIC: COMPANY SNAPSHOT
13.2.4 SKF
FIGURE 57 SKF: COMPANY SNAPSHOT
13.2.5 SCHAEFFLER
FIGURE 58 SCHAEFFLER: COMPANY SNAPSHOT
13.2.6 PARKER HANNIFIN
FIGURE 59 PARKER HANNIFIN: COMPANY SNAPSHOT
13.2.7 ROCKWELL AUTOMATION
FIGURE 60 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
13.2.8 MEGGITT
FIGURE 61 MEGGITT: COMPANY SNAPSHOT
13.2.9 ANALOG DEVICES
FIGURE 62 ANALOG DEVICES: COMPANY SNAPSHOT
13.2.10 NATIONAL INSTRUMENTS
FIGURE 63 NATIONAL INSTRUMENTS: COMPANY SNAPSHOT
13.2.11 ALS
FIGURE 64 ALS: COMPANY SNAPSHOT
13.2.12 TELEDYNE FLIR
FIGURE 65 TELEDYNE FLIR: COMPANY SNAPSHOT
13.3 OTHER PLAYERS
13.3.1 IFM ELECTRONIC
13.3.2 FLUKE
13.3.3 PCB PIEZOTRONICS
13.3.4 DYNAPAR
13.3.5 SPM INSTRUMENT
13.3.6 ADASH
13.3.7 BRUEL & KJAER
13.3.8 ANHUI RONDS SCIENCE & TECHNOLOGY INCORPORATED COMPANY
13.3.9 ERBESSD INSTRUMENTS
13.3.10 ISTEC INTERNATIONAL
13.3.11 SYMPHONY INDUSTRIAL AI
13.3.12 PETASENSE
13.3.13 MACHINE SAVER
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS (Page No. - 219)
14.1 MACHINE SAFETY MARKET, BY INDUSTRY
14.1.1 INTRODUCTION
FIGURE 66 MACHINE SAFETY MARKET, BY INDUSTRY
FIGURE 67 ENERGY & POWER SEGMENT IS EXPECTED TO HOLD LARGEST SIZE OF MACHINE SAFETY MARKET IN 2025
TABLE 125 MACHINE SAFETY MARKET, BY INDUSTRY, 2016–2019 (USD MILLION)
TABLE 126 MACHINE SAFETY MARKET, BY INDUSTRY, 2020–2025 (USD MILLION)
14.1.2 AEROSPACE & DEFENSE
TABLE 127 MACHINE SAFETY MARKET FOR AEROSPACE & DEFENCE, BY REGION, 2016–2019 (USD MILLION)
TABLE 128 MACHINE SAFETY MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
14.1.3 AUTOMOTIVE
TABLE 129 MACHINE SAFETY MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
TABLE 130 MACHINE SAFETY MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
14.1.4 CHEMICALS
TABLE 131 MACHINE SAFETY MARKET FOR CHEMICALS, BY REGION, 2016–2019 (USD MILLION)
TABLE 132 MACHINE SAFETY MARKET FOR CHEMICALS, BY REGION, 2020–2025 (USD MILLION)
14.1.5 ENERGY & POWER
TABLE 133 MACHINE SAFETY MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
TABLE 134 MACHINE SAFETY MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
14.1.6 FOOD & BEVERAGE
TABLE 135 MACHINE SAFETY MARKET FOR FOOD & BEVERAGE, BY REGION, 2016–2019 (USD MILLION)
TABLE 136 MACHINE SAFETY MARKET FOR FOOD & BEVERAGE, BY REGION, 2020–2025 (USD MILLION)
14.1.7 HEALTHCARE & PHARMACEUTICALS
TABLE 137 MACHINE SAFETY MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016–2019 (USD MILLION)
TABLE 138 MACHINE SAFETY MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION)
14.1.8 METALS & MINING
TABLE 139 MACHINE SAFETY MARKET FOR METAL & MINING, BY REGION, 2016–2019 (USD MILLION)
TABLE 140 MACHINE SAFETY MARKET FOR METAL & MINING, BY REGION, 2020–2025 (USD MILLION)
14.1.9 OIL & GAS
TABLE 141 MACHINE SAFETY MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
TABLE 142 MACHINE SAFETY MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
14.1.10 SEMICONDUCTOR & ELECTRONICS
TABLE 143 MACHINE SAFETY MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 2016–2019 (USD MILLION)
TABLE 144 MACHINE SAFETY MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 2020–2025 (USD MILLION)
14.1.11 OTHERS
TABLE 145 MACHINE SAFETY MARKET FOR OTHERS, BY REGION, 2016–2019 (USD MILLION)
TABLE 146 MACHINE SAFETY MARKET FOR OTHERS, BY REGION, 2020–2025 (USD MILLION)
15 APPENDIX (Page No. - 233)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The study has involved four major activities in estimating the size of the vibration monitoring market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods have been used to estimate the market for segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the vibration monitoring market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand-side and supply-side vendors across four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows—
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the vibration monitoring market. These methods have also been used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size is as follows:
- Key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- Revenue of various vibration monitoring hardware, software, and services providers is considered to arrive at global numbers.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained earlier, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the vibration monitoring market has been validated using both the top-down and bottom-up approaches.
Report Objectives
- To define and forecast the size of the vibration monitoring market based on offering, monitoring process, deployment type, system type, and industry in terms of value
- To describe and forecast the size of the vibration monitoring market in four key regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their respective countries
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
- To study the complete value chain of the vibration monitoring market
- To provide a detailed impact of the COVID-19 on the vibration monitoring market
- To provide the impact of the COVID-19 on the market segments and players operating in the vibration monitoring market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the vibration monitoring ecosystem
- To strategically profile the key players and comprehensively analyze their market position in terms of their ranking and core competencies2, and provide their detailed competitive landscape
- To analyze competitive developments, such as new product launches, acquisitions, collaborations, and agreements in the vibration monitoring market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players based on various blocks of the value chain.
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Growth opportunities and latent adjacency in Vibration Monitoring Market