Vibration Monitoring Market by Offering (Hardware, Software, Services), Monitoring Process, Deployment Type, System Type (Embedded Systems, Vibration Analyzers, Vibration Meters), Industry, and Region (2021-2026)
[239 Pages Report] The vibration monitoring market was valued at USD 1.4 billion in 2021 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.
Accelerating deployment of automated condition monitoring technologies in smart factories and rising awareness in manufacturers worldwide regarding benefits of installing vibration monitoring systems are some of the major factors propelling the growth of vibration monitoring market.
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Hardware segment to contributelargest share of the vibration monitoring marketin 2021.
Hardware is the most important component of a vibration monitoring system. Hardware systems mainly include sensors such as accelerometers, velocity sensors, proximity probes, transmitters, switches, and accessories. These devices measure vibration with high accuracy to extremely small levels, which cannot be differentiated by humans. Detection of minute changes in vibrations, in turn, helps prevent costly breakdowns and loss of production.
Online vibration monitoring is expected to exhibit largest CAGR during the forecast period
Online vibration monitoring systems are deployed in critical equipment, such as turbines, blowers, critical pumps, and compressors that directly impact the safety, environment, and production in different industrial plants. Manufacturers use online vibration monitoring systems for equipment that are important for the productivity of their plants. Online vibration monitoring systems include a sequence of sensors permanently mounted on critical machines for sensing applications
Oil & gas industry held thelargestshare of market in 2020
Vibration monitoring solutions play a vital role in the oil & gas industry by ensuring that the production machinery is operational, and downtime is minimized, which helps reduce operating costs, and increases productivity and monetary gains. A vibration monitoring system helps reduce unplanned outages and optimize machine performance, thereby reducing maintenance and repair costs.
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North America to holdlargest market share during the forecast period
North America is considered to be one of the most advanced regions in terms of technology adoption and infrastructure development. According to the US Department of Energy (DoE), the deployment of condition monitoring solutions and systems can reduce maintenance expenses of industries up to 30% and eliminate breakdowns by 70–75%. Energy and utilities, aerospace & defense, and manufacturing are some verticals investing increasingly in vibration monitoring solutions and systems in the region.
Key Market Players
The vibration monitoring market’s players have implemented various types of organic as well as inorganic growth strategies, such as product launches, product developments, partnerships, and acquisitions to strengthen their offerings in the market. Emerson Electric, General Electric, Honeywell International, National Instruments, and SKFare among the major players in the vibration monitoring market.
Vibration Monitoring Market Report Scope:
|
Report Metric |
Detail |
| Market Size Value in 2021 | USD 1.4 Billion |
| Revenue Forecast in 2026 | USD 1.9 Billion |
| Growth Rate | 6.8% |
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Market Size Availability for Years |
2017–2026 |
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Base Year |
2020 |
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Forecast Period |
2021–2026 |
|
Forecast Units |
Value (USD) |
|
Segments Covered |
|
|
Geographies Covered |
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Companies Covered |
|
Market Dynamics:
Driver: Advent of secure cloud computing platforms used for vibration monitoring
The innovations in cloud platforms and the subsequent increase in their adoption offer new business capabilities and opportunities for enterprises. Nowadays, enterprises require advanced machines equipped with the latest maintenance technologies to avoid any reduction or interruption in the production process. These enterprises also require monitoring the health of manufacturing equipment on a real-time basis, thereby leading to the employment of diagnostic technologies for machine tools.
Cloud-based models are preferred by industries over machine-centric or personal computer-centric models for vibration monitoring applications, as they bring together many computers to synchronize them. The emergence of mobile computing technologies and the proliferation of internet-connected devices and cloud computingplatforms have given rise to the Internet of Things (IoT) and the Industrial Internet of Things (IIoT) technologies. Cloud computing uses the Internet network to eliminate the requirement of purchasing, installing, and maintaining independent data centers. Mainstreaming of cloud computing has offered the much-needed flexibility to businesses to scale and grow at a global level. Networks have become capable of processing highly complex data, thereby enabling the creation of interconnected systems.
Cloud technology also enables access to maintenance data anywhere in the world through devices such as personal computers, tablets, or smartphones. This data is available to anyone with approved access, including third-party analysts, without the requirement of any additional expensive infrastructure. Cloud computing enables reduced operational costs, along with easy data maintenance. It offers flexibility to data and provides unlimited storage and secure networking options. Therefore, the advent of secure cloud computing platforms with a significant focus on cybersecurity is expected to fuel the vibration monitoring market.
Restraint: Lack of trained technical resources for data analysis
Vibration monitoring solutions measure the vibration levels of rotating and reciprocating machinery by utilizing sensors that record the frequency and amplitude of the vibration patterns of the machine. These measurements are compared with the prescribed levels and historic vibration pattern to take necessary precautions to avoid escalation. Delay in detecting the breakdown of machinery leads to loss of finances, time, and materials for the firm. Thus, maintenance equipment is used to stay alert about the possible breakdown of machinery.
Vibration monitoring requires trained resources for handling the latest equipment and software. Thus, existing resources require to be trained to operate new systems. This could create a skill gap between existing workers and trained workers. The lack of trained resources may lead to apprehension among industrial plant operators to adopt new technologies. Thus, emerging countries continue to struggle for efficient implementation of vibration monitoring systems and the next-level industrialization owing to this lack of a skilled workforce for data analysis.
Opportunity: Advent of Industrial Internet of Things (IIoT)
The advent of the Industrial Internet of Things (IIoT) has created new growth opportunities for companies with vibration monitoring requirements. The integration of IIoT with existing production processes enables companies to connect sensors used for monitoring different machine parameters, such as vibration, temperature, and noise, to the Internet and monitor their assets in real-time. This technology offers a single platform to companies to integrate all data and process it. Moreover, the use of IIoT for condition monitoring and predictive maintenance can help ensure high uptime of critical assets, particularly for the assets that have random failure patterns. In addition, IIoT provides an opportunity to companies to improve their operational performance and reliability significantly by carrying transformative changes in them through business process automation. Industries such as manufacturing, oil & gas, and food & beverage have been employing IIoT in their plants over the last few years. The increased adoption of IIoT acts as an opportunity for the growth of the vibration monitoring market.
Challenge: Additional expenses and difficulties faced during retrofitting of existing systems
Machines deployed in industries require built-in components such as sensors and transmitters to facilitate machine-to-machine (M2M) communication among different devices. The vibration monitoring devices are connected through either a wired or wireless communication channel, such as Wi-Fi or a radio-frequency identification (RFID) module. They collect required data from different machines and transmit it to central computers for storage and analysis. Some new machines have in-built condition monitoring sensors as standard features to make it convenient for operators to monitor the health of equipment deployed in their plants.
In the case of old factories, machinery may not be equipped with such data transmission components; hence, they require to be fitted externally. Some old equipment may need alterations to retrofit these components, resulting in extra expenses for companies. This, in turn, may lead to the decreased adoption rate of vibration monitoring systems. This is expected to act as a key challenge for the growth of the vibration monitoring market. The impact of this challenge is expected to gradually reduce as industries have begun to realize the benefits of M2M communication.
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, EnlightProCollect 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.
Frequently Asked Questions (FAQ):
How big Vibration Monitoring Market?
The Vibration Monitoring Market size is expected to reach USD 1.9 billion by 2026 from USD 1.3 billion in 2020, at a CAGR of 6.8% from 2021 to 2026.
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 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: MARKET, 2021–2026 (USD MILLION)
3.2 OPTIMISTIC SCENARIO (POST-COVID-19)
TABLE 3 OPTIMISTIC SCENARIO (POST-COVID-19): MARKET, 2021–2026 (USD MILLION)
3.3 PESSIMISTIC SCENARIO (POST-COVID-19)
TABLE 4 PESSIMISTIC SCENARIO (POST-COVID-19): 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 MARKET FROM 2021 TO 2026
FIGURE 10 OIL & GAS INDUSTRY TO HOLD THE LARGEST SHARE OF MARKET IN 2021
FIGURE 11 NORTH AMERICA WAS THE LARGEST MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 52)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN 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 MARKET, BY OFFERING
FIGURE 13 HARDWARE TO BE THE LARGER SEGMENT OF MARKET FROM 2021 TO 2026
4.3 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 MARKET IN 2026
4.5 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 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: MARKET
5.4 ECOSYSTEM ANALYSIS
TABLE 5 ECOSYSTEM: 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 MARKET FOR HARDWARE, 2017–2020 (VALUE AND VOLUME)
TABLE 16 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 MARKET FOR HARDWARE, BY HARDWARE TYPE, 2017–2020 (USD MILLION)
TABLE 18 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 MARKET, BY MONITORING PROCESS
FIGURE 34 ONLINE VIBRATION MONITORING SEGMENT TO LEAD THE VIBRATION MONITORING MARKET FROM 2021 TO 2026
TABLE 19 MARKET, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 20 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 , BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 22 ONLINE VIBRATION MONITORING , BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 23 ONLINE VIBRATION MONITORING , BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 24 ONLINE VIBRATION MONITORING , 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 , BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 26 PORTABLE VIBRATION MONITORING , BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 27 PORTABLE VIBRATION MONITORING , BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 28 PORTABLE VIBRATION MONITORING , BY INDUSTRY, 2021–2026 (USD MILLION)
8 VIBRATION MONITORING MARKET, BY DEPLOYMENT TYPE (Page No. - 99)
8.1 INTRODUCTION
FIGURE 35 MARKET, BY DEPLOYMENT TYPE
FIGURE 36 ON-PREMISES DEPLOYMENT TO BE THE LARGER SEGMENT OF THE MARKET FROM 2021 TO 2026
TABLE 29 MARKET, BY DEPLOYMENT TYPE, 2017–2020 (USD MILLION)
TABLE 30 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 MARKET, BY SYSTEM TYPE
FIGURE 40 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 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 MARKET FOR EMBEDDED SYSTEMS, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 34 MARKET FOR EMBEDDED SYSTEMS, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 35 MARKET FOR EMBEDDED SYSTEMS, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 36 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 MARKET FOR VIBRATION ANALYZERS, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 38 MARKET FOR VIBRATION ANALYZERS, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 39 MARKET FOR VIBRATION ANALYZERS, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 40 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 MARKET FOR VIBRATION METERS, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 43 MARKET FOR VIBRATION METERS, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 44 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 MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
TABLE 46 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 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 MARKET FOR OIL & GAS INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 50 MARKET FOR OIL & GAS INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 51 MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 52 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 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 MARKET FOR POWER GENERATION INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 56 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 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 MARKET FOR MINING & METALS INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 60 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 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 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 MARKET FOR CHEMICAL INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 66 MARKET FOR CHEMICAL INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 67 MARKET FOR CHEMICAL INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 68 MARKET FOR CHEMICAL INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 69 MARKET FOR CHEMICAL INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
FIGURE 45MARKET IN APAC FOR CHEMICAL INDUSTRY TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
TABLE 70 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 MARKET FOR AUTOMOTIVE INDUSTRY, BY MONITORING PROCESS, 2017–2020 (USD MILLION)
TABLE 72 MARKET FOR AUTOMOTIVE INDUSTRY, BY MONITORING PROCESS, 2021–2026 (USD MILLION)
TABLE 73 MARKET FOR AUTOMOTIVE INDUSTRY, BY SYSTEM TYPE, 2017–2020 (USD MILLION)
TABLE 74 MARKET FOR AUTOMOTIVE INDUSTRY, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
TABLE 75 MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
TABLE 76 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.
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Vibration Monitoring Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Vibration Monitoring Market
What is the differentiation between the market participants mentioned?