Abhay Rajput
Vibration Monitoring Market 2022 | Size, Demand, Analysis, Growth and Forecast 2027
Vibration Monitoring Market 2022 | Size, Demand, Analysis, Growth and Forecast 2027
According to the latest report by IMARC Group “Vibration Monitoring Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027″, 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.
Vibration monitoring refers to a process involving the usage of sensors to monitor small movements in various types of rotating machinery. It is conducted on the time waveforms and frequency spectrum of the vibration signal and aids in investigating vibration events, which can be an indicator of a developing failure, malfunction, and process restriction. It helps in evaluating the overall condition of the test object and performed by acquiring the vibration signals according to pre-determined parameters, such as recording strength, vibration level, sampling frequency, recording intervals, and frequency bandwidths, to translate the information for intuitive indications.
Apart from this, vibration monitoring assists in predictive maintenance, decreasing unscheduled outages, optimizing machine performance, and reducing repair and maintenance costs. At present, it is widely employed in the monitoring of different types of machinery and their key rotating parts, such as bearings, gears, shafts, free wheels, gearboxes, motors, fans, piston engines, reciprocating compressors, pumps, and door mechanisms.
Request for a free sample copy of this report: https://www.imarcgroup.com/vibration-monitoring-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Presently, the flourishing automotive industry, along with the increasing application of vibration monitoring in numerous industry verticals, such as energy and power, aerospace, metals and mining, oil and gas, and food and beverage (F&B), represents one of the primary factors positively influencing the market. Vibration sensors allow maintenance technicians to be notified of potential problems when they start, which is hours before the equipment shuts down. This enables the maintenance team to diagnose the error and make proactive decisions. These advantages are facilitating the market growth. Moreover, vibration monitoring allows for eliminating the reactive approach, which may lead to unplanned downtime, missed deadlines, rush work, and production costs, which is currently strengthening the market growth.
Apart from this, frequency domain vibration analysis facilitates the detection of abnormal vibration patterns that are usually masked by the vibration from other sources in the time waveform.
Furthermore, the increasing investments in research and development (R&D) activities to integrate advanced artificial intelligence (AI) systems with vibration monitoring to detect the health status of the machinery in real-time is driving the market. The leading market players operating in the industry are also focusing on integrating wireless technology and cloud storage in vibration monitoring systems, which, in turn, enable smart maintenance of factory equipment and propelling the growth of the market. Besides this, the rising awareness among manufacturing companies worldwide about predictive maintenance and resulting efficiency is projected to catalyze the adoption of monitoring systems worldwide in the coming years.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by System Type:
- Embedded Systems
- Vibration Analyzers
- Vibration Meters
Breakup by Monitoring Process:
- Online
- Portable
Breakup by End Use Industry:
- Energy and Power
- Metals and Mining
- Oil and Gas
- Automotive
- Food and Beverages
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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
- SPM Instrument AB.
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4530&flag=C
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
According to the latest report by IMARC Group “Vibration Monitoring Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027″, 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.
Vibration monitoring refers to a process involving the usage of sensors to monitor small movements in various types of rotating machinery. It is conducted on the time waveforms and frequency spectrum of the vibration signal and aids in investigating vibration events, which can be an indicator of a developing failure, malfunction, and process restriction. It helps in evaluating the overall condition of the test object and performed by acquiring the vibration signals according to pre-determined parameters, such as recording strength, vibration level, sampling frequency, recording intervals, and frequency bandwidths, to translate the information for intuitive indications.
Apart from this, vibration monitoring assists in predictive maintenance, decreasing unscheduled outages, optimizing machine performance, and reducing repair and maintenance costs. At present, it is widely employed in the monitoring of different types of machinery and their key rotating parts, such as bearings, gears, shafts, free wheels, gearboxes, motors, fans, piston engines, reciprocating compressors, pumps, and door mechanisms.
Request for a free sample copy of this report: https://www.imarcgroup.com/vibration-monitoring-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Presently, the flourishing automotive industry, along with the increasing application of vibration monitoring in numerous industry verticals, such as energy and power, aerospace, metals and mining, oil and gas, and food and beverage (F&B), represents one of the primary factors positively influencing the market. Vibration sensors allow maintenance technicians to be notified of potential problems when they start, which is hours before the equipment shuts down. This enables the maintenance team to diagnose the error and make proactive decisions. These advantages are facilitating the market growth. Moreover, vibration monitoring allows for eliminating the reactive approach, which may lead to unplanned downtime, missed deadlines, rush work, and production costs, which is currently strengthening the market growth.
Apart from this, frequency domain vibration analysis facilitates the detection of abnormal vibration patterns that are usually masked by the vibration from other sources in the time waveform.
Furthermore, the increasing investments in research and development (R&D) activities to integrate advanced artificial intelligence (AI) systems with vibration monitoring to detect the health status of the machinery in real-time is driving the market. The leading market players operating in the industry are also focusing on integrating wireless technology and cloud storage in vibration monitoring systems, which, in turn, enable smart maintenance of factory equipment and propelling the growth of the market. Besides this, the rising awareness among manufacturing companies worldwide about predictive maintenance and resulting efficiency is projected to catalyze the adoption of monitoring systems worldwide in the coming years.
Breakup by Component:
- Hardware
- Software
- Services
Breakup by System Type:
- Embedded Systems
- Vibration Analyzers
- Vibration Meters
Breakup by Monitoring Process:
- Online
- Portable
Breakup by End Use Industry:
- Energy and Power
- Metals and Mining
- Oil and Gas
- Automotive
- Food and Beverages
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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
- SPM Instrument AB.
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=4530&flag=C
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800