Semiconductors and Electronics

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Global Vibration Monitoring Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

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

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

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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

Market Players Covered

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)

Market Opportunities

  • The advent of the industrial internet of things (IoT)

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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Vibration Monitoring Market will be worth USD 2,300 million by 2030
The Vibration Monitoring Market growth rate is 5.8% during the forecast period.
Increasing Demand For Protection against Machine Overload & the Advent of the Industrial Internet of Things are the growth drivers of the Vibration Monitoring Market.
The component, system type, monitoring process, deployment type, and industry are the factors on which the Vibration Monitoring Market research is based.
Banner Engineering launched an innovative IIoT product series known as "Snap Signal" & STMicroelectronics unveiled the ASM330LHHX, marking a significant advancement in the realm of inertial measurement units are the latest developments in the Vibration Monitoring Market.
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