Global Vibration Monitoring Market, By Component (Hardware, Software, Services), System Type (Embedded Systems, Vibration Analyzers, Vibration Meters), Monitoring Process (Online, Portable), Deployment Type (On-premises, Cloud), Industry (Oil and Gas, Energy and Power, Metals and Mining, Chemicals, Automotive, Aerospace and Defense. Food and Beverages, Marine, Pulp and Paper, Others) - Industry Trends and Forecast to 2030.
Vibration Monitoring Market Analysis and Size
The global vibration monitoring market is segmented based on component, system type, monitoring process, deployment type, and industry. Hardware dominates the component segment of the global vibration monitoring market because hardware systems consist of sensors such as velocity sensors, accelerometers, proximity probes, and accessories. These devices measure vibrations with high accuracy, which humans cannot differentiate. To prevent costly breakdowns and avoid loss of production these hardware are designed in a way to detect minute-to-minute change in vibration.
Data Bridge Market Research analyses that the global vibration monitoring market which was USD 1,400 million in 2022, would rocket up to USD 2,300 million by 2030, and is expected to undergo a CAGR of 5.8% during the forecast period.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Vibration Monitoring Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Hardware, Software, Services), System Type (Embedded Systems, Vibration Analyzers, Vibration Meters), Monitoring Process (Online, Portable), Deployment Type (On-premises, Cloud), Industry (Oil and Gas, Energy and Power, Metals and Mining, Chemicals, Automotive, Aerospace and Defense. Food and Beverages, Marine, Pulp and Paper, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Analog Devices, Inc. (U.S.), Emerson Electric Co. (U.S.), Brüel & Kjær (Denmark), Honeywell International Inc (U.S.), National Instruments (U.S.), PCB Piezotronics, Inc (U.S.)., Rockwell Automation, Inc. (U.S.), Meggitt PLC. (U.K.), Data Physics Corporation (U.S.), SPM Instrument AB (Sweden), General Electric (U.S.), Fluke Deutschland GmbH (Germany), Bachmann electronic GmbH (Austria), PARKER HANNIFIN CORP (U.S.), IFM electronic GMBH (Germany), MACHINE SAVER (U.S.), Petasense Inc. (U.S.) and SCHAEFFLER AG (Germany)
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Market Opportunities
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Market Definition
The global vibration monitoring market refers to the comprehensive ecosystem of products, services, and solutions dedicated to the detection, measurement, analysis, and management of mechanical vibrations in various industrial and commercial applications across the world. This market encompasses a wide range of technologies, devices, software, and services designed to monitor vibrations in machinery, structures, and systems to ensure operational efficiency, safety, and reliability.
Global Vibration Monitoring Market Dynamics
Drivers
- Increasing Demand For Protection against machine overload
Protecting machinery against overload and its associated consequences is a significant driver for the global vibration monitor market. It helps companies reduce maintenance costs, improve equipment reliability, and ensure the safety of both equipment and personnel. As industries continue to prioritize operational efficiency and safety, the demand for vibration monitoring systems is expected to remain strong
Opportunity
- The Advent of the Industrial Internet of Things (IoT)
By enabling the seamless integration of vibration sensors into interconnected industrial systems, facilitating real-time data analysis, and predictive maintenance. This connectivity enhances equipment reliability and operational efficiency. Adoption of IoT acts as an opportunity for the growth of the vibration monitoring market
Restraints/Challenges
- Lack of Trained Technical People
Vibration monitoring require trained people for operating latest equipment and software. This cloud create a skill gap between current workers and trained workers
- Installation Cost Associated with Vibration Monitor
The high installation costs of vibration monitors pose a challenge to the global vibration monitoring market, limiting their adoption by smaller manufacturing units and developing companies with constrained budgets
This global vibration monitoring market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth
Recent Developments
- In May 2022, STMicroelectronics unveiled the ASM330LHHX, marking a significant advancement in the realm of inertial measurement units (IMUs) and pushing the boundaries of automation. This innovative IMU is equipped with a machine-learning (ML) core, setting the stage for rapid real-time responsiveness and complex capabilities while maintaining an impressively low power consumption
- In April 2022, Banner Engineering launched an innovative IIoT product series known as "Snap Signal." This cutting-edge offering is designed to capture data from a wide range of industrial machinery and seamlessly convert it into a standard protocol. By doing so, Snap Signal empowers businesses to transition to Industry 4.0, leading to increased productivity
Global Vibration Monitoring Market Scope
The global vibration monitoring market is segmented on the basis of component, system type, monitoring process, deployment type, and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Software
- Services
System Type
- Embedded Systems
- Vibration Analyzers
- Vibration Meters
Monitoring Process
- Online
- Portable
Deployment Type
- On-Premises
- Cloud
Industry
- Oil and Gas
- Energy and Power
- Metals and Mining
- Chemicals
- Automotive
- Aerospace and Defense
- Food and Beverages
- Marine
- Pulp and Paper
- Others
Global Vibration Monitoring Market Region Analysis/Insights
The global vibration monitoring market is analyzed and market size insights and trends are provided by component, system type, monitoring process, deployment type, and industry.
The regions covered in the global vibration monitoring market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global vibration monitoring market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa.
The Asia Pacific dominates the vibration market due to the presence of different industrial sectors and increased implementation of vibration monitors for varied manufacturing purposes. China is the major manufacturing hub and because of growing population energy production demand increase across the country.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data
Competitive Landscape and Global Vibration Monitoring Market Share Analysis
The global vibration monitoring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global vibration monitoring market.
Some of the major players operating in the global vibration monitoring market Are:
- Analog Devices, Inc. (U.S.)
- Emerson Electric Co. (U.S.)
- Brüel & Kjær (Denmark)
- Honeywell International Inc (U.S.)
- National Instruments (U.S.)
- PCB Piezotronics, Inc (U.S.)
- Rockwell Automation, Inc. (U.S.)
- Meggitt PLC. (U.K.)
- Data Physics Corporation (U.S.)
- SPM Instrument AB (Sweden)
- General Electric (U.S.)
- Fluke Deutschland GmbH (Germany)
- Bachmann electronic GmbH (Austria)
- PARKER HANNIFIN CORP (U.S.)
- IFM electronic GMBH (Germany)
- MACHINE SAVER (U.S.)
- Petasense Inc. (U.S.)
- SCHAEFFLER AG (Germany)
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