Vibration Monitoring Market

Market Leadership - 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 global vibration monitoring market size is projected to grow from USD 1.5 billion in 2020 to USD 2.2 billion by 2025; it is expected to grow at a CAGR of 7.4% from 2020 to 2025. 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 factories.

Emerson Electric (US), General Electric (US), Honeywell International (US), SKF (Sweden), National Instruments (US), Meggitt (UK), Rockwell Automation (US), Brüel & Kjaer (Denmark), and Analog Devices (US) are some of the major companies operating in the vibration monitoring market. These players have been relying on their strong R&D capabilities and a balanced product portfolio to increase their customer base in the vibration monitoring market.

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

Emerson Electric offers a wide range of online and portable or handheld vibration monitoring solutions to its customers globally. The company provides vibration monitoring solutions under its automation solutions segment. The vibration monitoring portfolio majorly includes route-based vibration analyzers, vibration transmitters, online condition monitoring systems (including vibration monitors), integrated condition monitoring, and machinery protection systems with embedded prediction solutions comprising sensors, such as accelerometers, velocity sensors, displacement sensors, converters, transmitters, accessories, and software.

General Electric (GE) currently offers its vibration monitoring systems under the brand name, Bently Nevada. Bently Nevada’s product portfolio is part of the GE Measurements & Control business under the GE Oil & Gas division. In the vibration monitoring market, the company offers distributed systems, rack-based monitoring systems, portable monitoring systems, wireless systems, electric motor monitoring systems, sensors, and software. Furthermore, the company provides software solutions such as ascent, OptiComp compressor control software suite, and system 1 condition monitoring and diagnostics software.

Honeywell International is a diversified automation technology and manufacturing company, serving its customers worldwide. Honeywell Process Solutions (HPS) operates as a subsidiary of Honeywell Automation & Control Solutions, a business unit of Honeywell International. It offers automation and control solutions for the process and hybrid industries such as refining, oil & gas, pulp & paper, mining, minerals, & metals, chemicals, and pharmaceuticals. The company also offers sensing and control solutions, aircraft condition monitoring systems, advanced software for corrosion monitoring, vibration monitoring systems, and condition-based maintenance services.

Related Reports:

Vibration Monitoring Market by Component (Hardware and Software), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), Industry, and Region – Global Forecast to 2025

Contact:
Mr. Sanjay Gupta
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
3/23/2020
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
+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