Vibration Monitoring Market by Component (Hardware and Software), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), Industry, and Region Global Forecast to 2025
Vibration Monitoring Market
Vibration Monitoring Market size is projected to be valued at a CAGR of 7.4% by 2025
Vibration Monitoring Market and Top Companies
- Emerson Electric (US) The company offers a wide range of online and portable or handheld vibration monitoring solutions to its customers globally. The company offers vibration monitoring solutions under its automation solutions segment. The vibration monitoring portfolio majorly includes route-based vibration analyzers, vibration transmitters, online condition monitoring systems (including vibration monitors), integrated condition monitoring, and machinery protection systems with embedded prediction solutions comprising sensors such as accelerometers, velocity sensors, displacement sensors, converters, transmitters, accessories, and software. The company also provides life cycle services, educational services, and consulting services.
- General Electric (US) The company offers vibration monitoring solutions under the brand name, Bently Nevada. Bently Nevadas product portfolio is part of the GE Measurements & Control business under the GE Oil & Gas division. In the vibration monitoring market, the company offers distributed systems, rack-based monitoring systems, portable monitoring systems, wireless systems, electric motor monitoring systems, sensors, and software. Furthermore, the company provides software solutions such as ascent, OptiComp compressor control software suite, and system 1 condition monitoring and diagnostics software.
- Honeywell International (US) The company is a diversified automation technology and manufacturing company, serving its customers worldwide. Honeywell Process Solutions (HPS) operates as a subsidiary of Honeywell Automation & Control Solutions, a business unit of Honeywell International. It offers automation and control solutions for the process and hybrid industries such as refining; oil & gas; pulp & paper; mining, minerals, and metals; chemicals; and pharmaceuticals. The company also offers sensing and control solutions, aircraft condition monitoring systems, advanced software for corrosion monitoring, vibration monitoring systems, and condition-based maintenance services.
- National Instruments (US) The company offers vibration monitoring solutions for various applications, such as industrial, heavy equipment, transportation, oil & gas, wind energy, and power generation. The vibration monitoring products offered by the company include vibration sensors, load cells, acoustic sensors, NI InsightCM Enterprise Software, embedded control and monitoring systems, and CompactRIO monitoring platform.
- SKF (Sweden) The company offers vibration monitoring solutions through its industrial segment. The company offers an extensive range of vibration monitoring products, including vibration measurement tools, stroboscopes, ultrasonic instruments, and electrical discharge detectors. It offers @ptitude Asset Management System, which is a combination of both software and hardware. This system supports in the integration of all machine condition data into a single program, shares this data along the functional lines of a plant, and detects issues in the plant.
Vibration Monitoring Market and Top Industries
- Energy & Power The global power industry is currently witnessing a transition period. Growing industrialization and the increasing demand for electricity for domestic and commercial needs require a sufficient and continuous power supply. The power industry is facing significant challenges due to the increasing demand for power, especially because of the latent demand, and power generation and distribution losses. For the continuous supply of power, companies need to generate power at a low cost and monitor their processes for any unwanted changes. Hence, vibration monitoring solutions play a crucial role in the power sector.
- Oil & Gas - In the oil & gas industry, offshore plants, petrochemical plants, and refineries have extreme operating environments with hazardous work conditions wherein safety is critical. Identifying and preventing unpredicted problems in the oil & gas machinery and equipment has been a priority. Moreover, the rising natural gas and oil extraction activities are driving the demand for new technologies such as vibration condition monitoring to improve the performance of drilling rigs and natural gas compressors across the growing fleets of field machinery.
- Metals & Mining - With the increasing complexity of machinery and the growing demand for greater productivity, the adoption of vibration monitoring systems is also rising. In industries such as metals & mining, the involvement of heavy loads, abrasive dust, extreme temperatures, and other hazardous environments makes it essential for metal mills and mining plants to maintain their machinery. Unplanned downtime and injuries to the workforce are constant risks. Furthermore, the rise in cost and rigorous regulations impose reductions in energy consumption, despite the increasing global demand for metal ores and coal.
- Chemicals - Chemical processing plants deploy unique machinery, which is as vulnerable to failure and unplanned downtime as any other industrial machinery, with the added risk of environmental effects. Several types of process equipment such as boilers, turbines, motors, conveyors, dryers, evaporators, feeders, filters, generators, heat exchangers, mixers, packaging equipment, pumps, reactors, tanks, and valves are used in chemical plants. A prolonged process interruption can lead to a loss of production. Most equipment in the chemical processing industry have standard couplings, gearboxes, and rolling element bearings. The implementation of appropriate protection, prediction, and performance monitoring system is thus essential for the profitability of a manufacturing plant. Vibration monitoring is used to monitor the chemical processes in a plant; it provides reports related to asset health continuously.
- Automotive- The automotive industry is witnessing enormous growth in terms of the number of units produced per day. With the increase in demand for vehicles globally, manufacturers are striving to match the production capacities with global demand. Hence, vibration monitoring systems play a crucial role in ensuring efficient manufacturing processes continuously.
Vibration Monitoring Market and Top Monitoring Processes
- Online Vibration Monitoring - Online vibration monitoring systems are applied to critical assets, such as turbines, blowers, critical pumps, and compressors, which have an immediate impact on safety, environment, and production. Manufacturers use online machine condition monitoring systems for equipment that are considered to be important for the overall productivity of their plants. These systems include a sequence of sensors permanently mounted on the critical machines for sensing. The sensors are connected to output devices such as monitors, analyzers, and central servers of a plant. These sensors transmit data to the plant operators either through a wireless network or cabled network.
- Portable Vibration Monitoring - In a highly competitive environment, companies are continually looking for maximum utilization of resources and minimization of costs. In such situations, portable condition monitoring systems can help companies in an effective reduction of the maintenance cost. Portable or offline vibration monitoring is mostly applied to less critical machinery. In the case of portable vibration monitoring, plant operators check the machines periodically or on the indication of unusual performance. This process of monitoring consists of handheld devices that collect data temporarily; these handheld devices are further connected to the computer systems where the data is downloaded for further analysis.
[146 Pages Report] The global vibration monitoring market size is projected to be valued at USD 1.5 billion in 2020 to reach USD 2.2 billion by 2025, at a CAGR of 7.4% during the forecast period. Factors such as the rising trend of remote monitoring through wireless systems, growing awareness toward predictive maintenance, increasing demand from emerging applications such as heating, ventilation and air conditioning (HAVC), and penetration of smart factories in major regions are driving the growth of the vibration monitoring industry.
Embedded Systems accounted for the majority of the global vibration monitoring market share in 2019.
The embedded systems segment led the vibration monitoring industry in 2019. Effective and continuous monitoring through embedded systems that are installed directly on the machines allows real-time assessment of the machine condition as well as an optimized maintenance program.
Embedded systems are ideal solutions, being the complete and reliable detection and analysis systems for equipment defects, performance shifts, imbalances, and other anomalies. These systems include sensing, analysis, storage, and alarm capability and offer quick notifications related to vibration shifts. Embedded vibration monitoring systems have a demand from industries such as oil & gas, energy & power, metals & mining, and chemicals wherein many assets used during production are critical as they mostly require continuous monitoring.
The hardware segment is expected to lead the vibration monitoring market during 2020-2025.
Hardware components offered by vibration monitoring solution providers mainly include accelerometers, proximity probes, velocity sensors, and transmitters. These devices are considered to be the main components of vibration monitoring systems. They are the primary source through which the data related to vibration levels in machinery is obtained well in advance.
The data extracted by the hardware components enables an effective predictive maintenance program to avoid costly downtime. The vibration monitoring hardware has applications in fields including rotating machinery such as motors, pumps, turbines, bearings, fans, broken or bent parts, and shaft alignment.
The vibration monitoring market for the automotive industry is expected to grow at the highest CAGR during 2020-2025.
The global automotive industry is emphasizing on automating and upgrading assembly lines, which require motor monitoring. Motor current signature analysis helps reduce machine failures and extends the life of machines.
The automotive industry is witnessing significant growth in the number of units produced per day. The machinery on the production floor is required to be appropriately maintained to minimize the production cycle and increase production output. Thus, the market for the automotive industry is likely to grow at a significant rate during the forecast period.
APAC to exhibit the highest growth rate during the forecast period.
The vibration monitoring market in APAC is expected to grow at the highest CAGR during 2020-2025. Rapid industrialization, increasing adoption of predictive maintenance tools, and competitive pressure to achieve operational efficiency are fueling the growth of the vibration monitoring industry in APAC. The expansion of manufacturing activities as a result of the migration of production bases to Asian countries with low labor costs, such as China, India, and South Korea, is driving the demand for vibration monitoring systems in the region.
Key Market Players
Emerson Electric (US), General Electric (US), Honeywell International (US), SKF (Sweden), National Instruments (US), Meggitt (UK), Rockwell Automation (US), Brόel & Kjaer (Denmark), and Analog Devices (US) are some of the major companies operating in the vibration monitoring market.
Emerson Electric offers a wide range of online and portable or handheld vibration monitoring solutions to its customers globally. The company provides vibration monitoring solutions under its automation solutions segment. The vibration monitoring portfolio majorly includes route-based vibration analyzers, vibration transmitters, online condition monitoring systems (including vibration monitors), integrated condition monitoring, and machinery protection systems with embedded prediction solutions comprising sensors, such as accelerometers, velocity sensors, displacement sensors, converters, transmitters, accessories, and software.
Scope of the Report:
|
Report Metric |
Details |
|
Market size available for years |
20172025 |
|
Base year considered |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Offering, System Type, Monitoring Process, Industry, and Geography |
|
Geographies covered |
North America, Europe, APAC, and RoW |
|
Companies covered |
Emerson Electric (US), General Electric (US), Honeywell International (US), National Instruments (US), SKF (Sweden) |
This report categorizes the global vibration monitoring market based on offering, system type, monitoring process, industry, and geography
By Offering:
- Hardware
- Accelerometers
- Proximity probes
- Velocity sensors
- Transmitters
- Others
- Software
By System Type:
- Embedded systems
- Vibration meters
- Vibration analyzers
By Monitoring Process:
- Online
- Portable
By Industry:
- Oil & Gas
- Energy & Power
- Metals & Mining
- Chemicals
- Automotive
- Aerospace & Defense
- Food & Beverages
- Marine
- Pulp & Paper
- Others
By Geography:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Rest of the World
- South America
- Middle East and Africa
Key Questions Addressed by the Report:
- Which system type of vibration monitoring market would have the highest demand in the future?
- Which industries prefer vibration monitoring solutions the most?
- What are the opportunities and challenges pertaining to the vibration monitoring market?
- What are the key trends in the vibration monitoring industry?
- How does the penetration of smart factories impact the vibration monitoring market?
Frequently Asked Questions (FAQ):
What is the total CAGR expected to be recorded for vibration monitoring market during 2020-2025?
The vibration monitoring market is expected to record the CAGR of 7.4% during 2020-2025.
What are the driving factors for vibration monitoring market?
Rising trend of remote monitoring through wireless systems, growing awareness toward predictive maintenance, and penetration of smart factories in major regions are the factors driving the growth of the vibration monitoring market.
Which system type accounted for the largest share of market in 2019?
Embedded Systems accounted for the majority of the global vibration monitoring market share in 2019.
Which are the significant players operating in vibration monitoring market?
Emerson Electric, General Electric, Honeywell International, SKF, National Instruments, Meggitt, Rockwell Automation, Brόel & Kjaer, and Analog Devices are some of the major companies operating in the vibration monitoring market.
How is the vibration monitoring market segmented?
The vibration monitoring market has been segmented based on offering, system type, monitoring process, industry, and region.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 17)
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 20)
2.1 RESEARCH DATA
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Key data from 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 the market share by bottom-up approach (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at the market share through top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 30)
4 PREMIUM INSIGHTS (Page No. - 34)
4.1 VIBRATION MONITORING MARKET EXPECTED TO HAVE HUGE GROWTH OPPORTUNITIES IN APAC
4.2 VIBRATION MONITORING MARKET, BY MONITORING PROCESS (20172025)
4.3 VIBRATION MONITORING MARKET, BY SYSTEM TYPE
4.4 VIBRATION MONITORING MARKET, BY OFFERING
4.5 VIBRATION MONITORING MARKET, BY REGION
5 MARKET OVERVIEW (Page No. - 37)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising adoption of wireless systems in machine condition monitoring
5.2.1.2 Increasing disposition toward predictive maintenance
5.2.1.3 High demand from emerging applications
5.2.1.4 Growing adoption of automated condition monitoring technologies and penetration of smart factory
5.2.1.5 Advent of secure cloud computing platforms used in condition monitoring
5.2.2 RESTRAINTS
5.2.2.1 Additional retrofitting costs for vibration monitoring solutions on existing machinery
5.2.2.2 Impact of regulatory standards
5.2.2.3 Lack of trained technical resources for data analysis
5.2.3 OPPORTUNITIES
5.2.3.1 Development of machine learning and big data analytics
5.2.3.2 Digitization and Industrial Internet of Things (IIoT) to unfold new growth avenues
5.2.4 CHALLENGES
5.2.4.1 Accessibility to expertise at remote locations
5.2.4.2 Trend of integration of vibration monitoring systems with other maintenance systems
5.3 IMPACT OF COVID-19 ON VIBRATION MONITORING MARKET
5.4 VALUE CHAIN ANALYSIS
6 ROUTE MONITORING SERVICES AND PROCUREMENT TYPES OF VIBRATION MONITORING EQUIPMENT (Page No. - 47)
6.1 PROCUREMENT TYPES OF VIBRATION MONITORING EQUIPMENT
6.1.1 THIRD-PARTY SERVICE PROVIDERS (INDIRECT)
6.1.2 END USERS (DIRECT)
6.2 ROUTE-BASED VIBRATION MONITORING SERVICES
7 VIBRATION MONITORING MARKET, BY OFFERING (Page No. - 49)
7.1 INTRODUCTION
7.2 HARDWARE
7.2.1 ACCELEROMETERS
7.2.1.1 Accelerometers are used in a variety of applications for vibration monitoring
7.2.2 PROXIMITY PROBES
7.2.2.1 Proximity probes monitor the movement of rotating equipment and detect defects such as misalignment and faulty bearings
7.2.3 VELOCITY SENSORS
7.2.3.1 Velocity sensors are capable of recording low- to medium-frequency measurements
7.2.4 TRANSMITTERS
7.2.4.1 Transmitters are significant components of vibration monitoring systems
7.2.5 OTHERS
7.3 SOFTWARE
7.3.1 DATA INTEGRATION
7.3.1.1 Data integration plays a vital role in the vibration monitoring process
7.3.2 DIAGNOSTIC REPORTING
7.3.2.1 Diagnostic reporting helps in understanding the condition of machines
7.3.3 PARAMETER CALCULATION
7.3.3.1 Maintenance activities are largely supported by the parameter calculation function
8 VIBRATION MONITORING MARKET, BY MONITORING PROCESS (Page No. - 56)
8.1 INTRODUCTION
8.2 ONLINE VIBRATION MONITORING
8.2.1 ONLINE VIBRATION MONITORING IS PARTICULARLY USEFUL IN PLANTS THAT ARE OPERATING CONTINUOUSLY
8.3 PORTABLE VIBRATION MONITORING
8.3.1 PORTABLE VIBRATION MONITORING SUPPORTS IN THE REDUCTION OF MAINTENANCE COSTS
9 VIBRATION MONITORING MARKET, BY SYSTEM TYPE (Page No. - 63)
9.1 INTRODUCTION
9.2 EMBEDDED SYSTEMS
9.2.1 EMBEDDED SYSTEMS ARE LARGELY ADOPTED IN OIL & GAS AND ENERGY & POWER INDUSTRIES
9.3 VIBRATION ANALYZERS
9.3.1 VIBRATION DATA GATHERED THROUGH VIBRATION ANALYZERS SUPPORTS IN EFFICIENT MACHINE CONDITION MONITORING
9.4 VIBRATION METERS
9.4.1 VIBRATION METERS ARE MAINLY USED FOR SIMPLE READINGS OF VIBRATION MEASUREMENT OF MACHINES
10 VIBRATION MONITORING MARKET, BY INDUSTRY (Page No. - 71)
10.1 INTRODUCTION
10.2 OIL & GAS
10.2.1 VIBRATION MONITORING SOLUTIONS PLAY A VITAL ROLE IN THE OIL & GAS INDUSTRY
10.3 ENERGY & POWER
10.3.1 RISING NEED FOR PREDICTIVE MAINTENANCE BY POWER GENERATION PLANTS TO UPLIFT THE VIBRATION MONITORING MARKET
10.4 METALS & MINING
10.4.1 DEMAND FOR REMOTE DIAGNOSTICS IN THE MINING INDUSTRY TO SUPPORT THE GROWTH OF THE VIBRATION MONITORING MARKET
10.5 CHEMICALS
10.5.1 VIBRATION MONITORING IS USED TO MONITOR CHEMICAL PROCESSES ON A REAL-TIME BASIS
10.6 AUTOMOTIVE
10.6.1 ONLINE VIBRATION MONITORING WITNESSES HIGHER DEMAND IN THE AUTOMOTIVE INDUSTRY
10.7 AEROSPACE & DEFENSE
10.7.1 VIBRATION MONITORING SYSTEMS HELP IN DETECTING POTENTIAL FAULTS IN THE AEROSPACE & DEFENSE INDUSTRY
10.8 FOOD & BEVERAGES
10.8.1 VIBRATION MONITORING SYSTEMS LARGELY HELP IN MAINTAINING THE PRODUCT QUALITY IN THE FOOD & BEVERAGES INDUSTRY THROUGH EFFICIENT OPERATIONS
10.9 MARINE
10.9.1 VIBRATION MONITORING MAJORLY HELPS IN THE REDUCTION OF POTENTIAL FAILURES IN MARINE MACHINERIES
10.1 PULP & PAPER
10.10.1 NEED OF PREDICTIVE MAINTENANCE IN THE PULP & PAPER INDUSTRY TO BOOST THE GROWTH OF THE VIBRATION MONITORING MARKET
10.11 OTHERS
11 VIBRATION MONITORING MARKET, BY REGION (Page No. - 91)
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 US
11.2.1.1 Rising adoption of Industry 4.0 to support the growth of the vibration monitoring market
11.2.2 CANADA
11.2.2.1 Oil & gas and aerospace industries in Canada are largely supporting the growth of the vibration monitoring market
11.2.3 MEXICO
11.2.3.1 Increasing adoption of industrial automation in the country to uplift the vibration monitoring market
11.3 EUROPE
11.3.1 UK
11.3.1.1 Increasing deployment of IIoT in the manufacturing sector to boost the vibration monitoring market in the UK
11.3.2 GERMANY
11.3.2.1 Growth of Industry 4.0 to boost the vibration monitoring market in Germany
11.3.3 FRANCE
11.3.3.1 Focus and technological R&D and government support to fuel the vibration monitoring market
11.3.4 REST OF EUROPE
11.4 ASIA PACIFIC (APAC)
11.4.1 CHINA
11.4.1.1 Increasing adoption of industrial automation fueling the vibration monitoring market growth in China
11.4.2 JAPAN
11.4.2.1 Notable growth in the automotive industry to drive the market in Japan
11.4.3 INDIA
11.4.3.1 Make in India initiative to drive the adoption of vibration monitoring solutions in the manufacturing sector
11.4.4 REST OF APAC
11.5 REST OF THE WORLD (ROW)
11.5.1 MIDDLE EAST
11.5.1.1 Oil & gas sector in the Middle East is the major force driving the vibration monitoring market
11.5.2 SOUTH AMERICA
11.5.2.1 Investments by Asian economies to support growth in the region
11.5.3 AFRICA
11.5.3.1 Availability of natural resources generating opportunities for rapid growth of mining, and oil & gas industries in the market
12 COMPETITIVE LANDSCAPE (Page No. - 107)
12.1 OVERVIEW
12.2 MARKET RANKING ANALYSIS: VIBRATION MONITORING MARKET, 2019
12.3 COMPETITIVE LEADERSHIP MAPPING
12.3.1 VISIONARY LEADERS
12.3.2 DYNAMIC DIFFERENTIATORS
12.3.3 INNOVATORS
12.3.4 EMERGING COMPANIES
12.4 COMPETITIVE SITUATIONS AND TRENDS
12.4.1 PRODUCT LAUNCHES
12.4.2 COLLABORATIONS, MERGERS, CONTRACTS
13 COMPANY PROFILES (Page No. - 112)
13.1 KEY PLAYERS
13.1.1 EMERSON ELECTRIC
(Business overview, Products and services offered, Recent developments, SWOT analysis, and MNM view)*
13.1.2 GENERAL ELECTRIC
13.1.3 HONEYWELL INTERNATIONAL
13.1.4 NATIONAL INSTRUMENTS
13.1.5 SKF
13.1.6 ROCKWELL AUTOMATION
13.1.7 SCHAEFFLER
13.1.8 BRUEL & KJAER
13.1.9 MEGGITT
13.1.10 ANALOG DEVICES
13.2 RIGHT-TO-WIN
13.3 OTHER PLAYERS
13.3.1 FLUKE
13.3.2 SYMPHONY AZIMAAI
13.3.3 PCB PIEZOTRONICS
13.3.4 PARKER-HANNIFIN
13.3.5 SPM INSTRUMENT
13.3.6 ALS
13.3.7 MACHINE SAVER
13.3.8 PETASENSE
13.3.9 WILCOXON SENSING TECHNOLOGIES
13.3.10 PCMS ENGINEERING
*Details on Business overview, Products and services offered, Recent developments, SWOT analysis, and MNM view might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 139)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
LIST OF TABLES (65 Tables)
TABLE 1 INCLUSIONS AND EXCLUSIONS
TABLE 2 TIMELINE OF VARIOUS MONITORING TECHNIQUES
TABLE 3 VIBRATION MONITORING MARKET, BY OFFERING, 20172025 (USD MILLION)
TABLE 4 VIBRATION MONITORING MARKET FOR HARDWARE, IN TERMS OF VALUE AND VOLUME, 20172025
TABLE 5 VIBRATION MONITORING MARKET FOR HARDWARE, BY TYPE, 20172025 (USD MILLION)
TABLE 6 VIBRATION MONITORING MARKET, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 7 ONLINE VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 8 ONLINE VIBRATION MONITORING MARKET, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 9 ONLINE VIBRATION MONITORING MARKET, BY REGION, 20172025 (USD MILLION)
TABLE 10 PORTABLE VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 11 PORTABLE VIBRATION MONITORING MARKET, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 12 PORTABLE VIBRATION MONITORING MARKET, BY REGION, 20172025 (USD MILLION)
TABLE 13 VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 14 VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 15 VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 16 VIBRATION MONITORING MARKET FOR VIBRATION ANALYZERS, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 17 VIBRATION MONITORING MARKET FOR VIBRATION ANALYZERS, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 18 VIBRATION MONITORING MARKET FOR VIBRATION METERS, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 19 VIBRATION MONITORING MARKET FOR VIBRATION METERS, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 20 VIBRATION MONITORING MARKET, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 21 VIBRATION MONITORING MARKET FOR OIL & GAS, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 22 VIBRATION MONITORING MARKET FOR OIL & GAS, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 23 VIBRATION MONITORING MARKET FOR OIL & GAS, BY REGION, 20172025 (USD MILLION)
TABLE 24 VIBRATION MONITORING MARKET FOR ENERGY & POWER, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 25 VIBRATION MONITORING MARKET FOR ENERGY & POWER, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 26 VIBRATION MONITORING MARKET FOR ENERGY & POWER, BY REGION, 20172025 (USD MILLION)
TABLE 27 VIBRATION MONITORING MARKET FOR METALS & MINING, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 28 VIBRATION MONITORING MARKET FOR METALS & MINING, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 29 VIBRATION MONITORING MARKET FOR METALS & MINING, BY REGION, 20172025 (USD MILLION)
TABLE 30 VIBRATION MONITORING MARKET FOR CHEMICALS, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 31 VIBRATION MONITORING MARKET FOR CHEMICALS, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 32 VIBRATION MONITORING MARKET FOR CHEMICALS, BY REGION, 20172025 (USD MILLION)
TABLE 33 VIBRATION MONITORING MARKET FOR AUTOMOTIVE, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 34 VIBRATION MONITORING MARKET FOR AUTOMOTIVE, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 35 VIBRATION MONITORING MARKET FOR AUTOMOTIVE, BY REGION, 20172025 (USD MILLION)
TABLE 36 VIBRATION MONITORING MARKET FOR AEROSPACE & DEFENSE, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 37 VIBRATION MONITORING MARKET FOR AEROSPACE & DEFENSE, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 38 VIBRATION MONITORING MARKET FOR AEROSPACE & DEFENSE, BY REGION, 20172025 (USD MILLION)
TABLE 39 VIBRATION MONITORING MARKET FOR FOOD & BEVERAGES, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 40 VIBRATION MONITORING MARKET FOR THE FOOD & BEVERAGES, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 41 VIBRATION MONITORING MARKET FOR FOOD & BEVERAGES, BY REGION, 20172025 (USD MILLION)
TABLE 42 VIBRATION MONITORING MARKET FOR MARINE, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 43 VIBRATION MONITORING MARKET FOR MARINE, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 44 VIBRATION MONITORING MARKET FOR MARINE, BY REGION, 20172025 (USD MILLION)
TABLE 45 VIBRATION MONITORING MARKET FOR PULP & PAPER, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 46 VIBRATION MONITORING MARKET FOR PULP & PAPER, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 47 VIBRATION MONITORING MARKET FOR PULP & PAPER, BY REGION, 20172025 (USD MILLION)
TABLE 48 VIBRATION MONITORING MARKET FOR OTHERS, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 49 VIBRATION MONITORING MARKET FOR OTHERS, BY SYSTEM TYPE, 20172025 (USD MILLION)
TABLE 50 VIBRATION MONITORING MARKET FOR OTHERS, BY REGION, 20172025 (USD MILLION)
TABLE 51 VIBRATION MONITORING MARKET, BY REGION, 20172025 (USD MILLION)
TABLE 52 VIBRATION MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 20172025 (USD MILLION)
TABLE 53 VIBRATION MONITORING MARKET IN NORTH AMERICA, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 54 VIBRATION MONITORING MARKET IN NORTH AMERICA, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 55 VIBRATION MONITORING MARKET IN EUROPE, BY COUNTRY, 20172025 (USD MILLION)
TABLE 56 VIBRATION MONITORING MARKET IN EUROPE, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 57 VIBRATION MONITORING MARKET IN EUROPE, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 58 VIBRATION MONITORING MARKET IN APAC, BY COUNTRY, 20172025 (USD MILLION)
TABLE 59 VIBRATION MONITORING MARKET IN APAC, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 60 VIBRATION MONITORING MARKET IN APAC, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 61 VIBRATION MONITORING MARKET IN ROW, BY REGION, 20172025 (USD MILLION)
TABLE 62 VIBRATION MONITORING MARKET IN ROW, BY MONITORING PROCESS, 20172025 (USD MILLION)
TABLE 63 VIBRATION MONITORING MARKET IN ROW, BY INDUSTRY, 20172025 (USD MILLION)
TABLE 64 SIGNIFICANT PRODUCT LAUNCHES
TABLE 65 SIGNIFICANT COLLABORATIONS, MERGERS, AND CONTRACTS
LIST OF FIGURES (53 Figures)
FIGURE 1 VIBRATION MONITORING MARKET SEGMENTATION
FIGURE 2 VIBRATION MONITORING MARKET: RESEARCH DESIGN
FIGURE 3 VIBRATION MONITORING MARKET: BOTTOM-UP APPROACH
FIGURE 4 VIBRATION MONITORING MARKET: TOP-DOWN APPROACH
FIGURE 5 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 6 ASSUMPTIONS OF THE RESEARCH STUDY
FIGURE 7 VIBRATION MONITORING MARKET
FIGURE 8 HARDWARE TO HOLD A LARGER SHARE OF THE VIBRATION MONITORING MARKET IN 2020
FIGURE 9 ONLINE SEGMENT TO HOLD A LARGER SHARE OF THE VIBRATION MONITORING MARKET DURING THE FORECAST PERIOD
FIGURE 10 VIBRATION MONITORING MARKET FOR AUTOMOTIVE TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 11 NORTH AMERICA HELD THE LARGEST SHARE OF THE VIBRATION MONITORING MARKET IN 2019
FIGURE 12 VIBRATION MONITORING MARKET OVERVIEW
FIGURE 13 ONLINE VIBRATION MONITORING TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 14 EMBEDDED SYSTEMS TO HOLD THE LARGEST SHARE IN 2020
FIGURE 15 HARDWARE TO HOLD A LARGER SHARE OF THE VIBRATION MONITORING MARKET IN 2020
FIGURE 16 INDIA TO GROW AT THE HIGHEST CAGR DURING 2020-2025
FIGURE 17 VIBRATION MONITORING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 18 VIBRATION MONITORING TECHNIQUE HOLDS BETTER GROWTH OPPORTUNITIES COMPARED TO OTHER METHODS
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING AND SYSTEM INTEGRATION STAGES
FIGURE 20 THIRD-PARTY SERVICE PROVIDERS HOLD A MAJOR SHARE OF PROCUREMENT OF VIBRATION MONITORING EQUIPMENT
FIGURE 21 VIBRATION MONITORING MARKET, BY OFFERING
FIGURE 22 VIBRATION MONITORING MARKET FOR SOFTWARE TO GROW AT A HIGHER CAGR BETWEEN 2020 AND 2025
FIGURE 23 ACCELEROMETER TO HOLD THE LARGEST SHARE OF THE VIBRATION MONITORING MARKET FOR HARDWARE DURING THE FORECAST PERIOD
FIGURE 24 VIBRATION MONITORING MARKET, BY MONITORING PROCESS
FIGURE 25 ONLINE VIBRATION MONITORING SEGMENT TO GROW AT A HIGHER CAGR DURING 20202025
FIGURE 26 ONLINE VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS TO GROW AT THE HIGHEST CAGR DURING 20202025
FIGURE 27 PORTABLE VIBRATION MONITORING MARKET IN NORTH AMERICA TO DOMINATE THE MARKET DURING 20202025
FIGURE 28 VIBRATION MONITORING MARKET, BY SYSTEM TYPE
FIGURE 29 VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS TO GROW AT THE HIGHEST CAGR DURING 20202025
FIGURE 30 ONLINE CONDITION MONITORING TO HOLD THE LARGEST SHARE OF THE VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS DURING 20202025
FIGURE 31 VIBRATION ANALYZERS MARKET FOR PORTABLE MONITORING TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 32 ENERGY & POWER TO HOLD THE LARGEST SHARE OF THE VIBRATION MONITORING MARKET FOR VIBRATION METERS BY 2025
FIGURE 33 VIBRATION MONITORING MARKET, BY INDUSTRY
FIGURE 34 VIBRATION MONITORING MARKET FOR THE AUTOMOTIVE INDUSTRY EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 35 EMBEDDED SYSTEMS TO HOLD THE LARGEST SHARE OF THE VIBRATION MONITORING MARKET FOR ENERGY & POWER DURING THE FORECAST PERIOD
FIGURE 36 ONLINE VIBRATION MONITORING TO HOLD A LARGER SHARE OF THE VIBRATION MONITORING MARKET FOR CHEMICALS DURING THE FORECAST PERIOD
FIGURE 37 EMBEDDED SYSTEMS TO HOLD THE LARGEST SHARE OF THE VIBRATION MONITORING MARKET IN THE AEROSPACE & DEFENSE INDUSTRY BY 2025
FIGURE 38 ONLINE VIBRATION MONITORING MARKET FOR THE MARINE SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
FIGURE 39 GEOGRAPHIC SNAPSHOT: CHINA AND INDIA EXPECTED TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD
FIGURE 40 SNAPSHOT OF THE VIBRATION MONITORING MARKET IN NORTH AMERICA
FIGURE 41 SNAPSHOT OF THE VIBRATION MONITORING MARKET IN EUROPE
FIGURE 42 SNAPSHOT OF THE VIBRATION MONITORING MARKET IN APAC
FIGURE 43 VIBRATION MONITORING MARKET: RANKING ANALYSIS (2019)
FIGURE 44 VIBRATION MONITORING MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 45 EMERSON ELECTRIC: COMPANY SNAPSHOT
FIGURE 46 GENERAL ELECTRIC: COMPANY SNAPSHOT
FIGURE 47 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 48 NATIONAL INSTRUMENTS: COMPANY SNAPSHOT
FIGURE 49 SKF: COMPANY SNAPSHOT
FIGURE 50 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
FIGURE 51 SCHAEFFLER: COMPANY SNAPSHOT
FIGURE 52 MEGGITT: COMPANY SNAPSHOT
FIGURE 53 ANALOG DEVICES: COMPANY SNAPSHOT
The study involved four major activities in estimating the current global vibration monitoring market size. Exhaustive secondary research has been done to collect information on the current market, the peer market, and the parent market. Validation of 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 Vibration monitoring market size. After that, the market breakdown and data triangulation approaches have been used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories and databases; and SEC filings, among others.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, product users, and related executives from major companies and organizations operating in the vibration monitoring market. Following is the breakdown of primary respondents
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the vibration monitoring market size, as well as that of the other dependent submarkets. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire research methodology includes the following:
- The study of annual and financial reports of top players, as well as interviews with experts for key insights
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
- All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in detail, verified through the primary research
Data Triangulation
After arriving at the overall vibration monitoring market size from the market size estimation process explained above, the total 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 market breakdown and data triangulation 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 market has been validated using both top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the global vibration monitoring market based on offering, monitoring process, system type, industry, and geography in terms of value.
- To forecast the market size, in terms of value, for various segments with regards to four main regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the micromarkets1 with regards to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain and perform a value chain analysis of the vibration monitoring market
- To strategically profile the key players in the market and comprehensively analyze their market position in terms of ranking and core competencies1, along with detailing the competitive landscape of the market
- To analyze competitive developments, such as new product launches, acquisitions, contracts, agreements, and partnerships, in the vibration monitoring market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific needs of the company. The following customization options are available for the vibration monitoring market report:
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