Vibration Monitoring Market

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of Study
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Geographic Scope
           1.3.2 Years Considered for Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    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 By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Growth Opportunities in Vibration Monitoring Market
    4.2 Market, By Offering
    4.3 Market, By Region and Industry
    4.4 Market, By Monitoring Process
    4.5 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 Trend of Vibration Monitoring Through Wireless Systems
                    5.2.1.2 Growing Awareness Toward Predictive Maintenance
                    5.2.1.3 Increasing Demand From Emerging Applications
                    5.2.1.4 Penetration of Smart Factory
           5.2.2 Restraints
                    5.2.2.1 Additional Cost of Retrofitting Vibration Monitoring Solutions on Existing Machinery
           5.2.3 Opportunities
                    5.2.3.1 Advent of Artificial Intelligence and Machine Learning
                    5.2.3.2 Digitization and Industrial Internet of Things (IIoT) to Open Up New Growth Avenues
           5.2.4 Challenges
                    5.2.4.1 Difficulties in Verification of Key Parameters of Vibration Monitoring Systems at Remote Locations
                    5.2.4.2 Trend of Integration of Vibration Monitoring Systems With Other Maintenance Systems

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Regulatory Standards
           6.3.1 American Petroleum Institute
           6.3.2 American Society for Testing and Materials
           6.3.3 International Organization for Standardization
           6.3.4 Machinery Information Management Open System Alliance

7 Vibration Monitoring Market, By Offering (Page No. - 48)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Accelerometers
           7.2.2 Proximity Probes
           7.2.3 Velocity Sensors
           7.2.4 Transmitters
           7.2.5 Others
    7.3 Software
           7.3.1 Data Integration
           7.3.2 Diagnostic Reporting
           7.3.3 Parameter Calculation
    7.4 Services

8 Vibration Monitoring Market, By Monitoring Process (Page No. - 55)
    8.1 Introduction
    8.2 Online
    8.3 Portable

9 Vibration Monitoring Market, By System Type (Page No. - 62)
    9.1 Introduction
    9.2 Embedded Systems
    9.3 Vibration Analyzers
    9.4 Vibration Meters

10 Vibration Monitoring Market, By Industry (Page No. - 71)
     10.1 Introduction
     10.2 Oil and Gas
     10.3 Energy and Power
     10.4 Metals and Mining
     10.5 Chemicals
     10.6 Automotive
     10.7 Aerospace and Defense
     10.8 Food and Beverages
     10.9 Marine
     10.10 Pulp and Paper
     10.11 Others
             10.11.1 Cement
             10.11.2 Railways
             10.11.3 Semiconductor and Electronics

11 Geographic Analysis (Page No. - 97)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                        11.2.1.1 US Held Largest Share of Market in 2016
             11.2.2 Canada
                        11.2.2.1 Canada Expected to Grow at Highest CAGR in North American Vibration Monitoring Market
             11.2.3 Mexico
                        11.2.3.1 Growing Need for Predictive Maintenance Technologies for Increasing Industrial Automation Help Market to Grow
     11.3 Europe
             11.3.1 UK
                        11.3.1.1 Significant Market for Vibration Monitoring in Energy and Power Industry
             11.3.2 Germany
                        11.3.2.1 Germany Held Largest Share of European Market in 2016
             11.3.3 France
                        11.3.3.1 Aerospace Industry in France Drives Growth of Market
             11.3.4 Rest of Europe
                        11.3.4.1 Growing Opportunity From Metals and Mining Industry
     11.4 Asia Pacific (APAC)
             11.4.1 China
                        11.4.1.1 Increasing Adoption of Industrial Automation Fueling Market in China
             11.4.2 Japan
                        11.4.2.1 Significant Growth of Electronics and Automotive Manufacturing Industries Drive Market in Japan
             11.4.3 India
                        11.4.3.1 Proactive Initiatives Taken By Indian Government Encouraging Growth of Market
             11.4.4 Rest of APAC
                        11.4.4.1 Australia and South Korea are Emerging Markets With Significant Potential
     11.5 Rest of the World (RoW)
             11.5.1 Middle East
                        11.5.1.1 Infrastructure Development, and Oil and Gas Sector in Middle East to Drive Market
             11.5.2 South America
                        11.5.2.1 South America to Hold Significant Share of Market in RoW
             11.5.3 Africa
                        11.5.3.1 Availability of Natural Resources Present Opportunities for Rapid Growth of Mining, and Oil and Gas Industries

12 Competitive Landscape (Page No. - 117)
     12.1 Overview
     12.2 Market Ranking Analysis: Vibration Monitoring Market, 2016
     12.3 Market (Global): Competitive Leadership Mapping, 2017
             12.3.1 Visionary Leaders
             12.3.2 Dynamic Differentiators
             12.3.3 Innovators
             12.3.4 Emerging Companies
     12.4 Strength of Product Portfolio
     12.5 Business Strategy Excellence
Top 25 Companies Analyzed for This Study are - Azima DLI Corporation, Analog Devices, Inc., Bruel & Kjaer Sound & Vibration Measurement A/S, Crystal Instruments Inc., Emerson Electric Co., Fluke Corporation, General Electric, Hansford Sensors, Honeywell International Inc., Ifm Efector, Inc., Meggitt Sa, Metrix Instrument Co., Lp., Mistras Group, Inc., National Instruments Corp., Omron Corporation, Pce Instruments UK Ltd., Pruftechnik Dieter Busch Ag., Rockwell Automation, Inc., Schaeffler Technologies AG & Co. Kg, Shinkawa Electric Co., Ltd., SKF AB, SPM Instrument AB., Sti Vibration Monitoring Inc., Te Connectivity Ltd., Vibrosystm Inc.
     12.6 Competitive Situation and Trends
             12.6.1 Product Launches and Developments
             12.6.2 Agreements and Collaborations
             12.6.3 Contracts and Acquisitions

13 Company Profiles (Page No. - 127)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationships)
     13.1 Introduction
     13.2 Emerson Electric Co.
     13.3 General Electric
     13.4 Honeywell International Inc.
     13.5 National Instruments Corporation
     13.6 SKF AB
     13.7 Rockwell Automation, Inc.
     13.8 Meggitt PLC
     13.9 Schaeffler AG
     13.10 Analog Devices, Inc.
     13.11 Bruel & Kjaer Sound & Vibration Measurement A/S
     13.12 Key Innovators
             13.12.1 Azima DLI Corporation
             13.12.2 SPM Instrument AB
             13.12.3 Fluke Corporation

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, and Key Relationships Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 165)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details

List of Tables (66 Tables)

Table 1 Timeline of Various Monitoring Techniques
Table 2 Vibration Monitoring Market, By Offering, 2014–2023 (USD Million)
Table 3 Market for Hardware, in Terms of Value and Volume, 2014–2023
Table 4 Market for Hardware, By Type, 2014–2023 (USD Million)
Table 5 Market, By Monitoring Process, 2014–2023 (USD Million)
Table 6 Online Vibration Monitoring Market, By System Type, 2014–2023 (USD Million)
Table 7 Online Vibration Monitoring Market, By Industry, 2014–2023 (USD Million)
Table 8 Online Vibration Monitoring Market, By Region, 2014–2023 (USD Million)
Table 9 Portable Vibration Monitoring Market, By System Type, 2014–2023 (USD Million)
Table 10 Portable Vibration Monitoring Market, By Industry, 2014–2023 (USD Million)
Table 11 Portable Vibration Monitoring Market, By Region, 2014–2023 (USD Million)
Table 12 Market, By System Type, 2014–2023 (USD Million)
Table 13 Market for Embedded Systems, By Monitoring Process, 2014–2023 (USD Million)
Table 14 Market for Embedded Systems, By Industry, 2014–2023 (USD Million)
Table 15 Market for Vibration Analyzers, By Monitoring Process, 2014–2023 (USD Million)
Table 16 Market for Vibration Analyzers, By Industry, 2014–2023 (USD Million)
Table 17 Market for Vibration Meters, By Monitoring Process, 2014–2023 (USD Million)
Table 18 Market for Vibration Meters, By Industry, 2014–2023 (USD Million)
Table 19 Market, By Industry, 2014–2023 (USD Million)
Table 20 Market for Oil and Gas, By Monitoring Process, 2014–2023 (USD Million)
Table 21 Market for Oil and Gas, By System Type, 2014–2023 (USD Million)
Table 22 Vibration Monitoring Market for Oil and Gas, By Region, 2014–2023 (USD Million)
Table 23 Market for Energy and Power, By Monitoring Process, 2014–2023 (USD Million)
Table 24 Market for Energy and Power, By System Type, 2014–2023 (USD Million)
Table 25 Market for Energy and Power, By Region, 2014–2023 (USD Million)
Table 26 Market for Metals and Mining, By Monitoring Process, 2014–2023 (USD Million)
Table 27 Market for Metals and Mining, By System Type, 2014–2023 (USD Million)
Table 28 Market for Metals and Mining, By Region, 2014–2023 (USD Million)
Table 29 Market for Chemicals, By Monitoring Process, 2014–2023 (USD Million)
Table 30 Vibration Monitoring Market for Chemicals, By System Type, 2014–2023 (USD Million)
Table 31 Market for Chemicals, By Region, 2014–2023 (USD Million)
Table 32 Market for Automotive, By Monitoring Process, 2014–2023 (USD Million)
Table 33 Market for Automotive, By System Type, 2014–2023 (USD Million)
Table 34 Market for Automotive, By Region, 2014–2023 (USD Million)
Table 35 Market for Aerospace and Defense, By Monitoring Process, 2014–2023 (USD Million)
Table 36 Market for Aerospace and Defense, By System Type, 2014–2023 (USD Million)
Table 37 Market for Aerospace and Defense, By Region, 2014–2023 (USD Million)
Table 38 Vibration Monitoring Market for Food and Beverages, By Monitoring Process, 2014–2023 (USD Million)
Table 39 Market for Food and Beverages Industry, By System Type, 2014–2023 (USD Million)
Table 40 Market for Food and Beverages, By Region, 2014–2023 (USD Million)
Table 41 Market for Marine, By Monitoring Process, 2014–2023 (USD Million)
Table 42 Vibration Monitoring Market for Marine, By System Type, 2014–2023 (USD Million)
Table 43 Market for Marine, By Region, 2014–2023 (USD Million)
Table 44 Market for Pulp and Paper Industry, By Monitoring Process, 2014–2023 (USD Million)
Table 45 Market for Pulp and Paper Industry, By System Type, 2014–2023 (USD Million)
Table 46 Market for Pulp and Paper, By Region, 2014–2023 (USD Million)
Table 47 Market for Others, By Monitoring Process, 2014–2023 (USD Million)
Table 48 Market for Others, By System Type, 2014–2023 (USD Million)
Table 49 Market for Others, By Region, 2014–2023 (USD Million)
Table 50 Market, By Region, 2014–2023 (USD Million)
Table 51 Market in North America, By Country, 2014–2023 (USD Million)
Table 52 Market in North America, By Monitoring Process, 2014–2023 (USD Million)
Table 53 Vibration Monitoring Market in North America, By Industry, 2014–2023 (USD Million)
Table 54 Market in Europe, By Country, 2014–2023 (USD Million)
Table 55 Market in Europe, By Monitoring Process, 2014–2023 (USD Million)
Table 56 Market in Europe, By Industry, 2014–2023 (USD Million)
Table 57 Market in APAC, By Country, 2014–2023 (USD Million)
Table 58 Market in APAC, By Monitoring Process, 2014–2023 (USD Million)
Table 59 Vibration Monitoring Market in APAC, By Industry, 2014–2023 (USD Million)
Table 60 Market in RoW, By Region, 2014–2023 (USD Million)
Table 61 Market in RoW, By Monitoring Process, 2014–2023 (USD Million)
Table 62 Market in RoW, By Industry, 2014–2023 (USD Million)
Table 63 Market: Market Ranking Analysis (2016)
Table 64 Most Significant Product Launches and Developments in Market
Table 65 Most Significant Agreements and Collaborations in Market
Table 66 Most Significant Agreements and Contracts in Market

List of Figures (64 Figures)

Figure 1 Markets Covered
Figure 2 Vibration Monitoring Market: Research Design
Figure 3 Market: Bottom-Up Approach
Figure 4 Market: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Segmentation of Market
Figure 7 Snapshot of Market (2017 vs 2023): Hardware to Hold Largest Size of Market in 2017
Figure 8 Online Segment to Hold Larger Size of Market During Forecast Period
Figure 9 Market for Automotive to Grow at Highest CAGR During Forecast Period
Figure 10 North America to Hold Largest Share of Vibration Monitoring Market By 2017
Figure 11 Market Expected to Have Huge Growth Opportunity in APAC
Figure 12 Market for Services to Grow at Highest CAGR During Forecast Period
Figure 13 North America Expected to Hold Largest Share of Market in 2017
Figure 14 Online Vibration Monitoring Market to Grow at Highest CAGR During Forecast Period
Figure 15 US to Hold Largest Share of Market in 2017
Figure 16 Growing Awareness Toward Predictive Maintenance Drive Market
Figure 17 Vibration Monitoring Technique as Fast-Growing Method Compared to Other Methods
Figure 18 Market: Major Value Added During Manufacturing and System Integration Stages
Figure 19 Market, By Offering
Figure 20 Market for Software to Grow at Highest CAGR Between 2017 and 2023
Figure 21 Accelerometers to Hold Largest Size of Market for Hardware During Forecast Period
Figure 22 Market, By Monitoring Process
Figure 23 Market for Online Segment to Grow at Higher CAGR Between 2017 and 2023
Figure 24 Online Vibration Monitoring Market for Automotive Industry to Grow at Highest CAGR Between 2017 and 2023
Figure 25 Energy and Power to Hold Largest Size of Portable Vibration Monitoring Market Between 2017 and 2023
Figure 26 Market, By System Type
Figure 27 Market for Embedded Systems to Grow at Highest CAGR Between 2017 and 2023
Figure 28 Energy and Power to Hold Largest Size of Market for Embedded Systems Between 2017 and 2023
Figure 29 Vibration Analyzers Market for Portable to Grow at Higher CAGR Between 2017 and 2023
Figure 30 Energy and Power to Hold Largest Size of Market for Vibration Meters By 2023
Figure 31 Market, By Industry
Figure 32 Market for Automotive Expected to Grow at Highest CAGR Between 2017 and 2023
Figure 33 Online to Hold Largest Size of Market for Oil and Gas Segment By 2023
Figure 34 Embedded Systems to Hold Largest Size of Market for Energy and Power During Forecast Period
Figure 35 Market for Metals and Mining in APAC to Grow at Highest CAGR Between 2017 and 2023
Figure 36 Embedded Systems to Hold Largest Size of Market for Chemicals Segment During Forecast Period
Figure 37 Online Vibration Monitoring Market for Automotive Industry to Grow at Highest CAGR During Forecast Period
Figure 38 Europe Expected to Hold Largest Size of Market for Aerospace and Defense Industry By 2023
Figure 39 Market for Food and Beverages Segment for Embedded Systems to Grow at Highest CAGR Between 2017 and 2023
Figure 40 Market for Marine Segment in APAC Region to Grow at Highest CAGR During Forecast Period
Figure 41 Online Segment to Hold Larger Size of Market for Pulp and Paper By 2023
Figure 42 Embedded Systems to Hold Largest Size of Market for Others Segment During Forecast Period
Figure 43 Geographic Snapshot: China and India Expected to Witness Significant Growth During Forecast Period
Figure 44 North America Held Largest Share of Market in 2016
Figure 45 Snapshot for Market in North America: Oil and Gas to Drive Demand for Vibration Monitoring Solutions in Near Future
Figure 46 Market in Canada to Grow at Highest CAGR Between 2017 and 2023
Figure 47 Market in France to Grow at Highest CAGR Between 2017 and 2023
Figure 48 Snapshot for Market in APAC: Countries Such as India and China to Drive Market
Figure 49 China Expected to Hold Largest Size of Market in APAC Between 2017 and 2023
Figure 50 Market in South America to Grow at Highest CAGR Between 2017 and 2023
Figure 51 Companies Adopted Product Launches and Developments as Key Growth Strategy Between 2014 and 2017
Figure 52 Competitive Leadership Mapping
Figure 53 Market Evaluation Framework
Figure 54 Product Launches and Developments as Key Strategy
Figure 55 Geographic Revenue Mix of Top Market Players
Figure 56 Emerson Electric Co.: Company Snapshot
Figure 57 General Electric: Company Snapshot
Figure 58 Honeywell International Inc.: Company Snapshot
Figure 59 National Instruments Corporation: Company Snapshot
Figure 60 SKF AB: Company Snapshot
Figure 61 Rockwell Automation, Inc.: Company Snapshot
Figure 62 Meggitt PLC: Company Snapshot
Figure 63 Schaeffler AG: Company Snapshot
Figure 64 Analog Devices, Inc.: Company Snapshot

The study involved 4 major activities in estimating the market size for vibration monitoring. Exhaustive secondary research has been conducted to collect information on the market, peer market, and parent market. Validation of these findings, assumptions 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 complete market size. After that, market breakdown and data triangulation procedures have been used to estimate the market size of each segment and subsegment.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. Secondary sources include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Primary Research

The vibration monitoring market comprises several stakeholders such as associations and industrial bodies, machine manufacturers, vibration monitoring system distributors and providers, manufacturers, research organizations and consulting companies, and technology investors. Extensive primary research has been conducted after understanding and analyzing the vibration monitoring market through secondary research. Several primary interviews have been conducted with market experts from both the demand- and supply-side vendors from across 4 regions—North America, Europe, APAC, and RoW. Approximately 20% of the primary interviews have been conducted with the demand side and 80% with the supply side. This primary data has been collected through questionnaires, emails, and telephonic interviews.

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 been also used extensively to estimate the size of various subsegments in the market. The following method has been used to estimate the market size:

• Major 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.
• 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—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, 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.

Report Objectives

• To define, describe, and forecast the vibration monitoring market, segmented on the basis of offerings, monitoring process, system type, industry, and geography
• To define, describe, and forecast the overall vibration monitoring market based on offering, in terms of volume
• To forecast the size of the vibration monitoring market, in terms of value, for various segments with respect to four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
• To identify the major market trends and factors (drivers, restraints, opportunities, and challenges) that have an impact on the growth of the vibration monitoring market and its submarkets
• To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contribution to the overall vibration monitoring market
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the vibration monitoring market
• To strategically profile the key players operating in the vibration monitoring market and comprehensively analyze their market ranking and core competencies
• To analyze the strategic developments such as product launches, partnerships, joint ventures, expansions, and contracts in the vibration monitoring market

Scope of the Report

In this report, the vibration monitoring market has been segmented into the following categories:

Vibration monitoring Market, by Offerings

• Hardware
  • Accelerometer
  •  Proximity Probes
  •  Velocity Sensor
  •  Transmitter
  •  Others
•  Software
•  Services

Vibration monitoring Market, by System Type

• Embedded System
•  Vibration Analyzer
•  Vibration Meter

Vibration monitoring Market, by Monitoring Process

• Online Vibration Monitoring
•  Portable Vibration Monitoring

Vibration monitoring Market, by Industry

• Oil & Gas
• Energy & Power
• Metals & Mining
• Chemicals
• Automotive
• Aerospace & Defense
• Food & Beverages
• Marine
• Pulp & Paper
•  Others

Geographic Analysis

• North America (US, Canada, and Mexico)
• Europe (UK, Germany, France, and Rest of Europe)
• Asia Pacific (China, Japan, India, and Rest of APAC)
• Rest of the World (South America, Middle East, and Africa)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of a company. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to 5)