Vibration Monitoring Market Growth Drivers, Regional Trends, And Competitive Landscape Forecast To 2026
Global Vibration Monitoring Market size will exceed USD 2 billion in terms of annual valuation by 2026. Growing focus on predictive analysis for efficient working of machinery in industries is likely to drive market outlook.
A vibration monitoring market system is a set of tools that are employed to measure certain parameters for identifying changes in the behavior of the machinery. The main purpose of this vibration analysis is to aid scheduling of maintenance activities based on a process called predictive analysis for avoiding machinery malfunctioning or failure.
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Vibration monitoring market is an indispensable part in the predictive maintenance of machinery used in food & beverage production. The vibration monitoring sensors and systems aid early identification of equipment faults on pumps, fans, bearings, motors, conveyors, and others. The food & beverage industry has made a major shift to smart sensor technology for identification of minute variations in the manufacturing process.
Hardware components like Industry accelerometers and sensors, are witnessing robust deployment in the sector. These components offer high accuracy regarding the malfunctioning of machinery and can operate in wide temperature range.
In 2019, Europe vibration monitoring market held over 15% of the global share and is poised to exhibit moderate growth on account of the established automotive sector, with the presence of major auto manufacturers including BMW, Audi, Bentley, Volkswagen, among others. These auto manufacturers are experiencing high demand for electric vehicles, majorly due to emission regulations across the region.
This has led to significant increase in number of units produced every day, which in turn require continuous monitoring to reduce machine failure and enhance their production output. As per the EAMA (European Automobile Manufacturer Association) 16.5 million vehicles were produced in 2018, which was up by 1.47% from previous five years.
Vibration meters are experiencing high demand as the product offers improved plant and industrial vibration testing and monitoring capabilities. Estimates suggests that revenues from vibration meters will grow at 3% between 2020-2026, owing to precise and instant result generation as well as low product costs.
The Prominent Key Players in the vibration monitoring market include Emerson Electric, General Electric, Honeywell International Inc, National Instruments, AB SKF, Rockwell Automation, Inc, Meggitt
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Table of Content
Chapter 6. Vibration Monitoring Market, By System
6.1. Key trends, by system
6.2. Embedded
6.2.1. Market estimates and forecast, 2016 - 2026
6.3. Vibration analyzer
6.3.1. Market estimates and forecast, 2016 - 2026
6.4. Vibration meter
6.4.1. Market estimates and forecast, 2016 – 2026
Chapter 7. Vibration Monitoring Market, By Application
7.1. Key trends, by application
7.2. Oil & gas
7.2.1. Market estimates and forecast, 2016 - 2026
7.3. Energy & power
7.3.1. Market estimates and forecast, 2016 - 2026
7.4. Metal & mining
7.4.1. Market estimates and forecast, 2016 – 2026
7.5. Chemical
7.5.1. Market estimates and forecast, 2016 - 2026
7.6. Automotive
7.6.1. Market estimates and forecast, 2016 - 2026
7.7. Food & beverages
7.7.1. Market estimates and forecast, 2016 – 2026
7.8. Others
7.8.1. Market estimates and forecast, 2016 – 2026
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