Global Vibration Monitoring Market By Monitoring system (Route-Based Monitoring, Portable Machine Diagnostics, Online Machine Monitoring, Online Machine Protection, Factory Assurance Test) Monitoring Technology (Vibration Analysis, Corrosion monitoring, Lubricant Analysis, Infrared Thermography, Ultrasound Testing, Motor Condition Monitoring) Application (Automotive, Chemicals, Renewable Energy, Oil & Gas, Others), By Offering (Hardware (Accelerometers, Proximity Probes, Velocity Sensors, Transmitters, Others), Software, Services), By End User (Metals and Mining, Chemicals, Automotive, Aerospace and Defense, Food and Beverages, Marine, Pulp and Paper, and Others), Geography (North America, South America, Europe, Asia-Pacific and Middle East and Africa) – Industry Trends and Forecast to 2026
Global Vibration Monitoring Market is expected to rise from its initial estimated value of USD 1.48 billion in 2018 to an estimated value of USD 2.51 billion by 2026, registering a CAGR of 6.8% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising trend of wireless vibration monitoring systems.
Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-vibration-monitoring-market
Some of the major competitors currently working in the vibration monitoring market are AZIMA DLI CORPORATION (US), Analog Devices, Inc. (US), Emerson Electric Co. (US), Brüel & Kjær (Europe), Honeywell International Inc. (US), National Instruments (US), PCB Piezotronics, Inc. (US), GENERAL ELECTRIC (US), Rockwell Automation, Inc. (US), Meggitt PLC. UK), SKF (Europe), Data Physics Corporation (USA), SPM Instrument AB (USA), (US), PRÜFTECHNIK Dieter Busch AG (Germany), Bachmann electronic GmbH (Germany), PARKER HANNIFIN CORP (UK), ifm electronic gmbh (Germany) and others.
Vibration monitoring systems are used for the purpose of decreasing the cost of operation by reducing the occurrences of unplanned outages and maintenance cost. These systems are further utilized for optimizing several maintenance activities at the time of a planned shutdown. The latest trend in this market is wireless vibration monitoring systems, which are handy and easy to use and company awareness towards unplanned maintenance. These systems are gaining rising trends in the small factories to reduce the unpredicted outages and predictive maintenance. This system detects the faults in the system, so they are widely used to reduce the future risk in the industries.
- Growing awareness toward predictive maintenance, this significant act as a driver for the market.
- Rising demand from emerging applications, increasing of demand act as a driver for the market.
- Additional cost associated with existing machinery, this make restraints to the market.
Segmentation: Global Vibration Monitoring Market
By Monitoring System
- Route-Based Monitoring
- Portable Machine Diagnostics
- Online Machine Monitoring
- Online Machine Protection
- Factory Assurance Test
By Monitoring Technology
- Vibration Analysis
- Corrosion monitoring
- Lubricant Analysis
- Infrared Thermography
- Ultrasound Testing
- Motor Condition Monitoring
- Renewable Energy
- Oil & Gas
- Proximity Probes
- Velocity Sensors
- Metals and Mining
- Aerospace and Defense
- Food and Beverages
- Pulp and Paper
- North America
- South America
- Middle East & Africa
Order a Copy of Global Vibration Monitoring Market Report @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-vibration-monitoring-market
Key Developments in the Market:
- In November 2015, Honeywell International Inc. (US) launched the RTU2020 process controller. This new process controller would help the companies operating in the oil and gas, mining, and other process industries to manage complex remote automation and control applications effectively.
- In September 2015, General Electric introduced a new version of system 1 Evolution software offered by Bently Nevada for online condition monitoring of highly critical equipment.
Competitive Analysis: Global Vibration Monitoring Market
Global vibration monitoring market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vibration monitoring market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Get Detailed TOC @ https://databridgemarketresearch.com/toc/?dbmr=global-vibration-monitoring-market
About Data Bridge Market Research
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: [email protected]