HOME › Top Market Reports › Vibration Monitoring Market by Component (Hardware, Software, and Services), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), Industry, and Geography - Global Forecast to 2023

Vibration Monitoring Market by Component (Hardware, Software, and Services), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), Industry, and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: SE 3344

The vibration monitoring market was valued at USD 1.19 Billion in 2016 and is expected to reach USD 1.85 Billion by 2023, at a CAGR of 6.5% during the forecast period. The base year used for this study is 2016, and the forecast period considered is between 2017 and 2023.

The objectives of the study are as follows:

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

The research methodology used to estimate and forecast the vibration monitoring market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, sensor journals, Factiva, Hoovers, and OneSource. Moreover, the vendor offerings have been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the vibration monitoring market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with the officials holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure:

Vibration Monitoring Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

The vibration monitoring ecosystem comprises the vendors such as SKF AB (Sweden), Emerson Electric Co. (US), General Electric (US), Meggitt PLC (UK), National Instruments Corp. US), Rockwell Automation, Inc. (US), Honeywell International Inc. (US), Schaeffler Technologies AG & Co. KG (Germany), Bruel & Kiaer Sound & Vibration Measurement A/S (Denmark), and Analog Devices Inc.(US), selling these products and solutions to end users according to their unique requirements. The end users of vibration monitoring industry consist of the industries such as oil and gas , energy and power, metals and mining, chemicals, automotive, aerospace and defense, food and beverages, marine, pulp and paper, and others.

Target Audience:

Vibration monitoring manufacturers
Original equipment manufacturers (OEMs)
Research organizations and consulting companies
Vibration monitoring-related associations, organizations, forums, and alliances
Distributors and traders
Government bodies such as regulating authorities and policy makers
Venture capitalists, private equity firms, and startup companies

“The study answers several questions for the target audience, primarily which market segments to focus on in the next two to five years for prioritizing their efforts and investments.”

Report Scope:

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

Vibration monitoring market, by Offering:

Hardware
- Accelerometers
- Proximity probes
- Velocity sensors
- Transmitters
- Others
Software
Services

Vibration monitoring market, by System Type:

Embedded systems
Vibration meters
Vibration analyzers

Vibration monitoring market, by Monitoring Process:

Online
Portable

Vibration monitoring market, by Industry:

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

Vibration monitoring market, by geography:

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 needs of the company. The following customization options are available for the report:

Company Information

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

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 Vibration Monitoring Market, By Offering
    4.3 Vibration Monitoring Market, By Region and Industry
    4.4 Vibration Monitoring Market, By Monitoring Process
    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 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 Vibration Monitoring 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 Vibration Monitoring 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 Vibration Monitoring Market in 2016
             11.3.3 France
                        11.3.3.1 Aerospace Industry in France Drives Growth of Vibration Monitoring 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 Vibration Monitoring 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 Vibration Monitoring 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 Vibration Monitoring Market
             11.5.2 South America
                        11.5.2.1 South America to Hold Significant Share of Vibration Monitoring 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 Vibration Monitoring 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 Vibration Monitoring Market for Hardware, in Terms of Value and Volume, 2014–2023
Table 4 Vibration Monitoring Market for Hardware, By Type, 2014–2023 (USD Million)
Table 5 Vibration Monitoring 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 Vibration Monitoring Market, By System Type, 2014–2023 (USD Million)
Table 13 Vibration Monitoring Market for Embedded Systems, By Monitoring Process, 2014–2023 (USD Million)
Table 14 Vibration Monitoring Market for Embedded Systems, By Industry, 2014–2023 (USD Million)
Table 15 Vibration Monitoring Market for Vibration Analyzers, By Monitoring Process, 2014–2023 (USD Million)
Table 16 Vibration Monitoring Market for Vibration Analyzers, By Industry, 2014–2023 (USD Million)
Table 17 Vibration Monitoring Market for Vibration Meters, By Monitoring Process, 2014–2023 (USD Million)
Table 18 Vibration Monitoring Market for Vibration Meters, By Industry, 2014–2023 (USD Million)
Table 19 Vibration Monitoring Market, By Industry, 2014–2023 (USD Million)
Table 20 Vibration Monitoring Market for Oil and Gas, By Monitoring Process, 2014–2023 (USD Million)
Table 21 Vibration Monitoring 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 Vibration Monitoring Market for Energy and Power, By Monitoring Process, 2014–2023 (USD Million)
Table 24 Vibration Monitoring Market for Energy and Power, By System Type, 2014–2023 (USD Million)
Table 25 Vibration Monitoring Market for Energy and Power, By Region, 2014–2023 (USD Million)
Table 26 Vibration Monitoring Market for Metals and Mining, By Monitoring Process, 2014–2023 (USD Million)
Table 27 Vibration Monitoring Market for Metals and Mining, By System Type, 2014–2023 (USD Million)
Table 28 Vibration Monitoring Market for Metals and Mining, By Region, 2014–2023 (USD Million)
Table 29 Vibration Monitoring 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 Vibration Monitoring Market for Chemicals, By Region, 2014–2023 (USD Million)
Table 32 Vibration Monitoring Market for Automotive, By Monitoring Process, 2014–2023 (USD Million)
Table 33 Vibration Monitoring Market for Automotive, By System Type, 2014–2023 (USD Million)
Table 34 Vibration Monitoring Market for Automotive, By Region, 2014–2023 (USD Million)
Table 35 Vibration Monitoring Market for Aerospace and Defense, By Monitoring Process, 2014–2023 (USD Million)
Table 36 Vibration Monitoring Market for Aerospace and Defense, By System Type, 2014–2023 (USD Million)
Table 37 Vibration Monitoring 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 Vibration Monitoring Market for Food and Beverages Industry, By System Type, 2014–2023 (USD Million)
Table 40 Vibration Monitoring Market for Food and Beverages, By Region, 2014–2023 (USD Million)
Table 41 Vibration Monitoring 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 Vibration Monitoring Market for Marine, By Region, 2014–2023 (USD Million)
Table 44 Vibration Monitoring Market for Pulp and Paper Industry, By Monitoring Process, 2014–2023 (USD Million)
Table 45 Vibration Monitoring Market for Pulp and Paper Industry, By System Type, 2014–2023 (USD Million)
Table 46 Vibration Monitoring Market for Pulp and Paper, By Region, 2014–2023 (USD Million)
Table 47 Vibration Monitoring Market for Others, By Monitoring Process, 2014–2023 (USD Million)
Table 48 Vibration Monitoring Market for Others, By System Type, 2014–2023 (USD Million)
Table 49 Vibration Monitoring Market for Others, By Region, 2014–2023 (USD Million)
Table 50 Vibration Monitoring Market, By Region, 2014–2023 (USD Million)
Table 51 Vibration Monitoring Market in North America, By Country, 2014–2023 (USD Million)
Table 52 Vibration Monitoring 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 Vibration Monitoring Market in Europe, By Country, 2014–2023 (USD Million)
Table 55 Vibration Monitoring Market in Europe, By Monitoring Process, 2014–2023 (USD Million)
Table 56 Vibration Monitoring Market in Europe, By Industry, 2014–2023 (USD Million)
Table 57 Vibration Monitoring Market in APAC, By Country, 2014–2023 (USD Million)
Table 58 Vibration Monitoring 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 Vibration Monitoring Market in RoW, By Region, 2014–2023 (USD Million)
Table 61 Vibration Monitoring Market in RoW, By Monitoring Process, 2014–2023 (USD Million)
Table 62 Vibration Monitoring Market in RoW, By Industry, 2014–2023 (USD Million)
Table 63 Vibration Monitoring Market: Market Ranking Analysis (2016)
Table 64 Most Significant Product Launches and Developments in Vibration Monitoring Market
Table 65 Most Significant Agreements and Collaborations in Vibration Monitoring Market
Table 66 Most Significant Agreements and Contracts in Vibration Monitoring Market

List of Figures (64 Figures)

Figure 1 Markets Covered
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 Segmentation of Vibration Monitoring Market
Figure 7 Snapshot of Vibration Monitoring Market (2017 vs 2023): Hardware to Hold Largest Size of Market in 2017
Figure 8 Online Segment to Hold Larger Size of Vibration Monitoring Market During Forecast Period
Figure 9 Vibration Monitoring 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 Vibration Monitoring Market Expected to Have Huge Growth Opportunity in APAC
Figure 12 Vibration Monitoring Market for Services to Grow at Highest CAGR During Forecast Period
Figure 13 North America Expected to Hold Largest Share of Vibration Monitoring 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 Vibration Monitoring Market in 2017
Figure 16 Growing Awareness Toward Predictive Maintenance Drive Vibration Monitoring Market
Figure 17 Vibration Monitoring Technique as Fast-Growing Method Compared to Other Methods
Figure 18 Vibration Monitoring Market: Major Value Added During Manufacturing and System Integration Stages
Figure 19 Vibration Monitoring Market, By Offering
Figure 20 Vibration Monitoring Market for Software to Grow at Highest CAGR Between 2017 and 2023
Figure 21 Accelerometers to Hold Largest Size of Vibration Monitoring Market for Hardware During Forecast Period
Figure 22 Vibration Monitoring Market, By Monitoring Process
Figure 23 Vibration Monitoring 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 Vibration Monitoring Market, By System Type
Figure 27 Vibration Monitoring Market for Embedded Systems to Grow at Highest CAGR Between 2017 and 2023
Figure 28 Energy and Power to Hold Largest Size of Vibration Monitoring 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 Vibration Monitoring Market for Vibration Meters By 2023
Figure 31 Vibration Monitoring Market, By Industry
Figure 32 Vibration Monitoring Market for Automotive Expected to Grow at Highest CAGR Between 2017 and 2023
Figure 33 Online to Hold Largest Size of Vibration Monitoring Market for Oil and Gas Segment By 2023
Figure 34 Embedded Systems to Hold Largest Size of Vibration Monitoring Market for Energy and Power During Forecast Period
Figure 35 Vibration Monitoring 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 Vibration Monitoring 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 Vibration Monitoring Market for Aerospace and Defense Industry By 2023
Figure 39 Vibration Monitoring Market for Food and Beverages Segment for Embedded Systems to Grow at Highest CAGR Between 2017 and 2023
Figure 40 Vibration Monitoring Market for Marine Segment in APAC Region to Grow at Highest CAGR During Forecast Period
Figure 41 Online Segment to Hold Larger Size of Vibration Monitoring Market for Pulp and Paper By 2023
Figure 42 Embedded Systems to Hold Largest Size of Vibration Monitoring 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 Vibration Monitoring 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 Vibration Monitoring Market in Canada to Grow at Highest CAGR Between 2017 and 2023
Figure 47 Vibration Monitoring 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 Vibration Monitoring Market in APAC Between 2017 and 2023
Figure 50 Vibration Monitoring 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 Vibration Monitoring 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 vibration monitoring market was valued at USD 1.19 Billion in 2016 and is expected to reach USD 1.85 Billion by 2023, at a CAGR of 6.5% during the forecast period from 2017 to 2023. The growth of this market is being propelled by the rising trend of remote monitoring through wireless systems, growing awareness toward predictive maintenance, increasing demand from emerging applications, and penetration of smart factory.

The report covers the vibration monitoring market segmented on the basis of offering, monitoring process, system type, industry, and geography. The hardware segment is expected to hold the largest size of the vibration monitoring market based on offering by 2023. The growth of this market is being propelled by the high demand for vibration monitoring hardware from various industries globally.

The online segment held a larger share of the overall vibration monitoring market based on the monitoring process. This process is widely used for vibration monitoring for the equipment in critical plants that work continuously and are highly prone to defects. Online vibration monitoring systems have applications in the industries having the 24 hour production is maintained. One the hand, the market for portable vibration monitoring is expected to grow at the significant CAGR during the forecast period. The major factors encouraging the market for the portable segment are the mobile nature of systems and need for lesser investment than that for the non-portable monitors.

The vibration monitoring market for embedded systems is expected to grow at the highest CAGR during the forecast period. The growing adoption and popularity of embedded systems for vibration monitoring across various industries due to their capabilities and advantages are expected to drive the market for these systems further.

North America held the largest size of the vibration monitoring market in 2016. The growing adoption of smart manufacturing or Industry 4.0 in various industries creates a huge demand for vibration monitoring in the region. Besides, the factors such as growing focus on optimum asset utilization; stringent government regulations for the workplace and personal safety; and tight quality control in the oil and gas, chemicals, and food and beverages industries are driving the demand for vibration monitoring systems in North America. The vibration monitoring market in APAC is expected to grow the highest CAGR during the forecast period.

Vibration Monitoring Equipment Market

Additional cost incurred for retrofitting vibration monitoring solutions on existing machinery and need for education and training for safe use these systems and tools as well as for analysis of the vibration patterns for timely decision-making are the major factors limiting the growth of vibration monitoring market.

Some of the major companies operating in the vibration monitoring market are SKF AB (Sweden), Emerson Electric Co. (US), General Electric (US), Meggitt PLC (UK), National Instruments Corp. US), Rockwell Automation, Inc. (US), Honeywell International Inc. (US), Schaeffler Technologies AG & Co. KG (Germany), Bruel & Kiaer Sound & Vibration Measurement A/S (Denmark), and Analog Devices Inc.(US), among others.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title
Client Customization Problem Statement : MnM's client was interested to know about global market for Paper Industry and Railway Industry application (In terms of Value) Solution Provided: Qualitative information, Global market by value was provided, 'Vibration Monitoring Equipment Market, b.... Qualitative information, Global market by value was provided, 'Vibration Monitoring Equipment Market, by Heavy Duty Application, 2013-2022 (USD Million). less... Request Customization more...

Available Customizations Title

Client Customization Problem Statement :
MnM's client was interested to know about global market for Paper Industry and Railway Industry application (In terms of Value)

Solution Provided:

Qualitative information, Global market by value was provided, 'Vibration Monitoring Equipment Market, b....

Qualitative information, Global market by value was provided, 'Vibration Monitoring Equipment Market, by Heavy Duty Application, 2013-2022 (USD Million).

less...

Request Customization

more...

Custom Market Research Services