Vibration Monitoring Market Report: Trends, Forecast and Competitive Analysis to 2030

Vibration Monitoring Market Report: Trends, Forecast and Competitive Analysis to 2030

Vibration Monitoring Trends and Forecast

The future of the global vibration monitoring market looks promising with opportunities in the oil and gas, energy and power, metals and mining, chemical, automotive, aerospace and defense, and food and beverage markets. The global vibration monitoring market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are constant technological progress to provide increasingly affordable and efficient solutions for vibration monitoring, rising embrace of wireless systems in the realm of machine condition monitoring, and growing adoption of machine learning and big data analytics.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Vibration Monitoring by Segment

The study includes a forecast for the global vibration monitoring by offering, system, monitoring process, end use industry, and region.

Vibration Monitoring Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Vibration Monitoring Market by System [Shipment Analysis by Value from 2018 to 2030]:

• Embedded
• Vibration Analyzers
• Vibration Meters

Vibration Monitoring Market by Monitoring Process [Shipment Analysis by Value from 2018 to 2030]:

• Online
• Portable

Vibration Monitoring Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Oil and Gases
• Energy and Power
• Metals and Mining
• Chemicals
• Automotive
• Aerospace and Defense
• Food and Beverages
• Others

Vibration Monitoring Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Vibration Monitoring Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vibration monitoring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vibration monitoring companies profiled in this report include-

• SKF
• Emerson Electric
• General Electric
• Rockwell Automation
• Honeywell International
• Schaeffler Technologies
• Analog Devices

Vibration Monitoring Market Insights

Lucintel forecasts that hardware will remain the largest segment over the forecast period because the vibration monitoring system incorporates hardware components such as sensors, transmitters, accelerometers, and proximity probes, which helps in detecting elevated levels of vibration in rotary machines enhancing the overall accuracy of the monitoring system.

Within this market, oil and gas will remain the largest segment over the forecast period because of growing challenge of managing the high operational expenses in oil and gas plants led to greater adoption of vibration monitoring systems and solutions to ensure the continuous efficient operation of vital assets while minimizing downtime.

APAC will remain the highest growing region over the forecast period due to government regulations pertaining to workplace and personnel safety, as well as a heightened emphasis on maximizing asset utilization and enforcing rigorous quality control standards within the oil and gas, chemical, and food and beverage industries in the region.

Features of the Global Vibration Monitoring Market

Market Size Estimates: Vibration monitoring market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Vibration monitoring market size by various segments, such as by offering, system, monitoring process, end use industry, and region in terms of ($B).

Regional Analysis: Vibration monitoring market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different offerings, systems, monitoring process, end use industries, and regions for the vibration monitoring market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vibration monitoring market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the vibration monitoring market size?

Answer: The global vibration monitoring market is expected to reach an estimated $2.5 billion by 2030.

Q.2 What is the growth forecast for vibration monitoring market?

Answer: The global vibration monitoring market is expected to grow with a CAGR of 6.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the vibration monitoring market?

Answer: The major drivers for this market are constant technological progress to provide increasingly affordable and efficient solutions for vibration monitoring, rising embrace of wireless systems in the realm of machine condition monitoring, and growing adoption of machine learning and big data analytics.

Q4. What are the major segments for vibration monitoring market?

Answer: The future of the vibration monitoring market looks promising with opportunities in the oil and gas, energy and power, metals and mining, chemical, automotive, aerospace and defense, and food and beverage markets.

Q5. Who are the key vibration monitoring market companies?

Answer: Some of the key vibration monitoring companies are as follows:

• SKF
• Emerson Electric
• General Electric
• Rockwell Automation
• Honeywell International
• Schaeffler Technologies
• Analog Devices

Q6. Which vibration monitoring market segment will be the largest in future?

Answer: Lucintel forecasts that hardware will remain the largest segment over the forecast period because the vibration monitoring system incorporates hardware components such as sensors, transmitters, accelerometers, and proximity probes, which helps in detecting elevated levels of vibration in rotary machines enhancing the overall accuracy of the monitoring system.

Q7. In vibration monitoring market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the highest growing region over the forecast period due to government regulations pertaining to workplace and personnel safety, as well as a heightened emphasis on maximizing asset utilization and enforcing rigorous quality control standards within the oil and gas, chemical, and food and beverage industries in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the vibration monitoring market by offering (hardware, software, and services), system (embedded, vibration analyzers, and vibration meters), monitoring process (online and portable), end use industry (oil and gases, energy and power, metals and mining, chemicals, automotive, aerospace and defense, food and beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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