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The global vibration monitoring market size reached US$ 1.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.0 Billion by 2027, exhibiting a growth rate (CAGR) of 6.76% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Vibration monitoring is a predictive maintenance technique used to measure the acceleration, displacement and velocity of vibration signals. It assists in detecting imbalance, bearing failures, mechanical looseness, misalignment, resonance and natural frequencies, electrical motor faults, bent shafts, gearbox failures, empty space or bubbles in pumps, and critical speeds. It also aids in enhancing the lifespan of a machine, providing real-time reaction to the change of health conditions, and supporting remote conditioning monitoring. As it is portable and generates fast fourier transform (FFT) in extremely high resolution, it is widely used to monitor rotary equipment, such as pumps, compressors, turbines, and fans.
The increasing application of vibration monitoring systems in the automotive industry across the globe represents one of the key factors driving the market. This can be attributed to their assistance in increasing productivity, minimizing downtime due to superior analytics, and decreasing human-mediated activities, such as manual inspections and unscheduled corrections. Apart from this, there is a rise in the awareness among the vendors of the manufacturing and energy and power sectors worldwide about predictive maintenance. This has resulted in the increasing adoption of monitoring systems to ensure consistent monitoring of equipment to avoid adversities. Furthermore, leading market players are integrating wireless technology and cloud storage in vibration monitoring systems to enable smart maintenance of factory equipment. They are also developing advanced technologies like system-on-a-chip (SOC) that allow real-time accurate data acquisition to be relayed immediately on handheld devices, such as smartphones, which is creating a favorable market outlook. Besides this, the introduction of online monitoring systems incorporated with onboard logic and decision-making abilities is positively influencing the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global vibration monitoring market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, system type, monitoring process and end use industry.
Breakup by Component:
Breakup by System Type:
Breakup by Monitoring Process:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Analog Devices Inc., Emerson Electric Company, Erbessd Instruments Technologies Inc., General Electric Company, Honeywell International Inc., Istec International, Meggit SA, National Instruments, Parker-Hannifin Corp., Petasense Inc., Rockwell Automation Inc., Schaeffler AG and SPM Instrument AB.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, System Type, Monitoring Process, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Analog Devices Inc., Emerson Electric Company, Erbessd Instruments Technologies Inc., General Electric Company, Honeywell International Inc., Istec International, Meggit SA, National Instruments, Parker-Hannifin Corp., Petasense Inc., Rockwell Automation Inc., Schaeffler AG and SPM Instrument AB|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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