Vibration Monitoring Market

General Electric (US) and Emerson Electric Co. (US) are the Two of the Key Players in the Vibration Monitoring Market

Vibration monitoring is an important aspect of condition-based maintenance, which is gaining traction as the most effective strategy for conducting maintenance activities in various industries. Vibration monitoring systems aid increased visibility into the machine operations. The information provided by vibration monitoring systems helps in determining probable failures well in advance and taking corrective steps in a planned manner. The vibration monitoring market is expected to be valued at USD 1.85 Billion by 2023, at a CAGR of 6.5% between 2017 and 2023. The growth of this market is driven by the rising trend of remote monitoring through wireless systems, growing awareness toward predictive maintenance, and increasing demand for emerging applications such as heating, ventilation, and air conditioning (HAVC), and penetration of smart factory.

General Electric (US) and Emerson Electric Co. (US) are two of the key players in the vibration monitoring market. General Electric has a strong presence in the market. It provides vibration monitoring solutions through its Oil & Gas segment. The company, currently, sells its vibration monitoring solutions under the brand name Bently Nevada that is part of the GE Measurements & Control business. It offers portable vibration analyzers, proximity sensor systems, portable vibration calibrators, accelerometers, tachometers, portable vibration data collectors, vibration transducers, and so on, through its vibration monitoring solution portfolio. Emerson is a well-known provider of vibration monitoring solutions. The company offers vibration monitoring solutions under the brand name CSI technology through its Process Management segment. It also offers continuous protection and prediction monitoring systems, vibration transmitters, AMS machinery manager software, and sensors. In addition, Emerson Electric provides maintenance services and training courses pertaining to vibration monitoring systems. SKF AB (Sweden), National Instruments Corp. (US), Honeywell International Inc. (US), Meggitt PLC (UK), Rockwell Automation, Inc. (US), Schaeffler Technologies AG & Co. KG (Germany), Brüel & Kjaer Sound & Vibration Measurement A/S (Denmark), and Analog Devices Inc. (US) are some of the companies operating in the vibration monitoring market.

The major players in the vibration monitoring market have primarily adopted the strategy of product launches to strengthen their product portfolio and to expand the reach of their offerings to newer clients. For instance, in 2016, Analog Devices (US) launched three-axis MEMS accelerometers designed to perform high-resolution vibration measurement with very low noise, enabling the early detection of structural defects via wireless sensor networks. Whereas, Schaeffler AG & Co. KG (Germany) launched the FAG WiProM in 2015, which is an innovative mobile device used for vibration monitoring of the entire drivetrain of the wind turbines.

Furthermore, the key players in the vibration monitoring market have adopted agreements and collaborations strategies between 2014 and 2017. For instance, In April 2016, Honeywell International Inc. (US) entered into an agreement with Vibratech International (China) to expand its distribution network for Health and Usage Monitoring System (HUMS) in Greater China. On the other hand, In July 2015, National Instruments collaborated with IBM to create the industry’s first condition monitoring and predictive maintenance solution tested for the Internet of Things (loT).

Related 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

Contact:
Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Report Code
SE 3344
RI Published ON
7/5/2017
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • 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
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • 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
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved