Global Vibration Monitoring Market Research Report by Offering (Hardware, Software, Services), by Monitoring Process (Online Vibration Monitoring, Portable Vibration Monitoring) by Deployment Type (On-premises, Cloud), by System Type (Near field communica

Best Price Guarantee	Publisher	Published Date	SKU
from $3,950	QualiKet Research	December, 2022	QUA17624142

Best Price Guarantee
Price	from $3,950
Publisher	QualiKet Research
Published Date	December, 2022
SKU	QUA17624142

Global Vibration Monitoring Market Research Report by Offering (Hardware, Software, Services), by Monitoring Process (Online Vibration Monitoring, Portable Vibration Monitoring) by Deployment Type (On-premises, Cloud), by System Type (Near field communication, Magnetic stripes, others),By Industry(Oil & Gas, Power Generation, Mining & Metals, Aerospace & Defense, Marine, Others)By Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19

Global Vibration Monitoring Market

The global Vibration Monitoring market was valued at USD 1,445.00 Mn in 2021 which expected to reach USD 2,170.00 Mn by 2027 at a CAGR 5.22% from 2020-2027.

Vibration monitoring is a method for inspecting equipment to find problems and guarantee long-term industrial production efficiency. These systems track, examine, and detect vibrations that could point to a problem, impending failure, or process restriction. One of the key elements of predictive maintenance that propels the growth of the vibration monitoring market is vibration monitoring. The majority of its applications are in rotating machinery such steam and gas turbines, pumps, motors, compressors, paper machines, rolling mills, machine tools, and gearboxes.

Market Drivers

Rising Consciousness towards Predictive Maintenance & Remote Operations and Technological Advancements

Factors like increasing need for remote operations owing to the spread of Covid-19 pandemic, adoption of wireless communication technology & advent of secure cloud computing platforms used for vibration monitoring system are driving the Global Vibration Monitoring Market.

The rising focus towards maintenance in the industrial sector, deployment of vibration monitoring technologies in the ecosystem of smart manufacturing & benefits of vibration monitoring systems by manufacturers globally are contributing to the growth of the Vibration Monitoring Market. Rising concern related to products safety & functionality, and various benefits offered by vibration sensors, like low cost, simple installation & good response at high frequencies are expected to drive market growth.

Market Challenge

Reliability Issue And Lack Of Expertise

The COVID-19 outbreak had forced manufacturing companies to reassess their strategies & come up with quick responses to stabilize their supply chain. Many manufacturing companies had halted their production, which had collaterally damaged the supply chain & negatively impacted the growth of the Vibration Monitoring Market.

Sometimes there are some operators who rely on their instincts & experiences to judge the condition of machines that is not always a reliable option. This is because of the complexity of production systems that can include multiple assets on which it may be difficult to install vibration monitoring systems and solutions. Technical expertise is necessary for software updates, system optimization & networking, data transmissions, etc. Therefore, it becomes complicated to implement vibration monitoring systems in locations where access to expertise is difficult.

Impact of COVID-19

COVID-19 outbreak had negatively impacted the growth of the Vibration Monitoring Market. Due to lockdown & international restrictions by the government authorities of many countries, the process of vibration monitoring system development had been delayed. Also, the slowdown in industrial growth had been impacted, which had affected the market growth.

Many market vendors minimized their staff, which had a significant impact on the supply chain of the market. Disruptions caused in transportation, such as reduced availability of air transport, border controls & port closures, limited the capacity of vibration sensor manufacturers to meet customer demand. This had an adverse impact on the finances & operations of businesses.

Market Segmentation

The Global Vibration Monitoring Market is segmented into Offering, Monitoring Process Deployment Type, and System Type. Based on the Offering the market is segmented into Hardware, Software, Services. On Monitoring Process market is segmented into Online Vibration Monitoring, Portable Vibration Monitoring. On Deployment Type market is segmented into On-premises, Cloud. On System Type market is segmented into near field communication, Magnetic stripes, others. On Industry market is segmented into Oil & Gas, Power Generation, Mining & Metals, Aerospace & Defense, Marine, Others.

Regional Analysis

Global Vibration Monitoring Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share the market in North America is projected to dominate the Global Vibration Monitoring market due to an increase in the Hardware and Services segment in the region and concerning the adoption of technology and the growth of infrastructure, North America is regarded as one of the most developed regions. The US Department of Energy (DoE) claims that the use of condition monitoring systems and solutions can cut maintenance costs for businesses by up to 30% and eliminate breakdowns by 70–75%. Manufacturing, aerospace & defence, and energy and utilities are some industries in the region that are investing more and more in vibration monitoring systems and solutions.

Key Players

Various key players are listed in this report such as Rockwell Automation, Inc., National Instruments Corporation, General Electric Corporation, Emerson Electric Company, Honeywell International Inc., Bruel & Kjaer Sound & Vibration Measurement, Meggit PLC, Analog Devices Inc., SPM Instrument AB, Schaeffler AG

Market Taxonomy

By Offering

Hardware

Software

Services

By Monitoring Process

Online Vibration Monitoring

Portable Vibration Monitoring

By Deployment Type

Transportation and logistics

Government

Media and entertainment

Retail

Others

By System Type

Embedded Systems

Vibration Analyzers

Vibration Meters

By Industry

Oil & Gas

Power Generation

Mining & Metals

Aerospace & Defense

Marine

Others

By Region

North America

Latin America

Europe

China

Asia Pacific

Middle East & Africa

Key Questions Addressed by the Report

What are the Key Opportunities in Global Vibration Monitoring Market?

What will be the growth rate from 2020 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the competitive Landscape in the Industry?

What is the role of key players in the value chain?

1 Introduction: 1.1 Objective of the Study; 1.2 Market definition; 1.3 Market Scope
2 Research Methodology: 2.1 Data Mining; 2.2 Validation; 2.3 Primary Interviews; 2.4 List of Data Sources
3 Executive Summary
4 Global Vibration Monitoring Market Outlook: 4.1 Overview; 4.2 Market Dynamics; 4.2.1 Drivers; 4.2.2 Restraints; 4.2.3 Opportunities; 4.3 Porters Five Force Model; 4.4 Value Chain Analysis
5 Global Vibration Monitoring Market, By Offering: 5.1 Y-o-Y Growth Comparison, By Offering; 5.2 Global Vibration Monitoring Market Share Analysis, By Offering; 5.3 Global Vibration Monitoring Market Size and Forecast, By Offering; 5.3.1 Hardware; 5.3.2 Software; 5.3.3 Services
6 Global Vibration Monitoring Market, By Monitoring Process: 6.1 Y-o-Y Growth Comparison, By Monitoring Process; 6.2 Global Vibration Monitoring Market Share Analysis, By Monitoring Process; 6.3 Global Vibration Monitoring Market Size and Forecast, By Monitoring Process; 6.3.1 Online Vibration Monitoring; 6.3.2 Portable Vibration Monitoring
7 Global Vibration Monitoring Market, By Deployment Type: 7.1 Y-o-Y Growth Comparison, By Deployment Type; 7.2 Global Vibration Monitoring Market Share Analysis, By Deployment Type; 7.3 Global Vibration Monitoring Market Size and Forecast, By Deployment Type; 7.3.1 On-premises; 7.3.2 Cloud
8 Global Vibration Monitoring Market, By System Type: 8.1 Y-O-Y Growth Comparison, By System Type; 8.2 Global Vibration Monitoring Market Share Analysis, By System Type; 8.3 Global Vibration Monitoring Market Size and Forecast, By System Type; 8.3.1 Embedded Systems; 8.3.2 Vibration Analyzers; 8.3.3 Vibration Meters
8 Global Vibration Monitoring Market, By Industry: 8.1 Y-O-Y Growth Comparison, By System Type; 8.2 Global Vibration Monitoring Market Share Analysis, By System Type; 8.3 Global Vibration Monitoring Market Size and Forecast, By System Type; 8.3.1 Oil & Gas; 8.3.2 Power Generation; 8.3.3 Mining & Metals; 8.3.4 Aerospace & Defense; 8.3.5 Marine; 8.5.6 Others
9 Global Vibration Monitoring Market, By Region: 9.1 Global Vibration Monitoring Market Share Analysis, By Region; 9.2 Global Vibration Monitoring Market Share Analysis, By Region; 9.3 Global Vibration Monitoring Market Size and Forecast, By Region
10 North America Vibration Monitoring Market Analysis and Forecast (2021-2027): 10.1 Introduction; 10.2 North America Vibration Monitoring Market Share Analysis, By Offering; 10.3 North America Vibration Monitoring Market Size and Forecast, By Monitoring Process; 10.4 North America Vibration Monitoring Market Size and Forecast, By Deployment Type; 10.5 North America Vibration Monitoring Market Size and Forecast, By System Type; 10.6 North America Vibration Monitoring Market Size and Forecast, By Country; 10.7.1 U.S.; 10.7.2 Canada; 10.7.3 Mexico
11 Europe Vibration Monitoring Market Analysis and Forecast (2021-2027): 11.1 Introduction; 11.2 Europe Vibration Monitoring Market Share Analysis, By Offering; 11.3 Europe Vibration Monitoring Market Size and Forecast, By Monitoring Process; 11.4 Europe Vibration Monitoring Market Size and Forecast, By Deployment Type; 11.5 Europe Vibration Monitoring Market Size and Forecast, By System Type; 11.6 Europe Vibration Monitoring Market Size and Forecast, By Country; 11.6.1 Germany; 11.6.2 France; 11.6.3 UK; 11.6.4. Rest of Europe
12 Asia Pacific Vibration Monitoring Market Analysis and Forecast (2021-2027): 12.1 Introduction; 12.2 Asia Pacific Vibration Monitoring Market Share Analysis, By Offering; 12.3 Asia Pacific Vibration Monitoring Market Size and Forecast, By Monitoring Process; 12.4 Asia Pacific Vibration Monitoring Market Size and Forecast, By Deployment Type; 12.5 Asia Pacific Vibration Monitoring Market Size and Forecast, By System Type; 12.6 Asia Pacific Vibration Monitoring Market Size and Forecast, By Country; 12.6.1 China; 12.7.2 Japan; 12.8.3 India; 12.9.4. Rest of Asia Pacific
13 Latin America Vibration Monitoring Market Analysis and Forecast (2021-2027): 13.1 Introduction; 13.2 Latin America Vibration Monitoring Market Share Analysis, By Offering; 13.3 Latin America Vibration Monitoring Market Size and Forecast, By Monitoring Process; 13.4 Latin America Vibration Monitoring Market Size and Forecast, By Deployment Type; 13.5 Latin America Vibration Monitoring Market Size and Forecast, By System Type; 13.6 Latin America Vibration Monitoring Market Size and Forecast, Country; 13.7.1. Brazil; 13.8.2. Rest of Latin America
14 Middle East Vibration Monitoring Market Analysis and Forecast (2021-2027): 14.1 Introduction; 14.2 Middle East Vibration Monitoring Market Share Analysis, By Offering; 14.3 Middle East Vibration Monitoring Market Size and Forecast, By Monitoring Process; 14.4 Middle East Vibration Monitoring Market Size and Forecast, By Deployment Type; 14.5 Middle East Vibration Monitoring Market Size and Forecast, By System Type; 14.6 Middle East Vibration Monitoring Market Size and Forecast, By Country; 14.7.1. Saudi Arabia; 14.8.2. UAE; 14.9.3. Egypt; 14.10.4. Kuwait; 14.11.5. South Africa; 15Competitive Analysis; 15.1 Competition Dashboard; 15.2 Market share Analysis of Top Vendors; 15.3 Key Development Strategies
16 Company Profiles: 16.1 Rockwell Automation, Inc; 16.1.1 Overview; 16.1.2 Offerings; 16.1.3 Key Financials; 16.1.4 Business Segment & Geographic Overview; 16.1.5 Key Market Developments; 16.1.6 Key Strategies; 16.2. National Instruments Corporation; 16.2.1 Overview; 16.2.2 Offerings; 16.2.3 Key Financials; 16.2.4 Business Segment & Geographic Overview; 16.2.5 Key Market Developments; 16.2.6 Key Strategies; 16.3. General Electric Corporation; 16.3.1 Overview; 16.3.2 Offerings; 16.3.3 Key Financials; 16.3.4 Business Segment & Geographic Overview; 16.3.5 Key Market Developments; 16.3.6 Key Strategies; 16.4 Emerson Electric Company; 16.4.1 Overview; 16.4.2 Offerings; 16.4.3 Key Financials; 16.4.4 Business Segment & Geographic Overview; 16.4.5 Key Market Developments; 16.4.6 Key Strategies; 16.5 Honeywell International Inc.; 16.5.1 Overview; 16.5.2 Offerings; 16.5.3 Key Financials; 16.5.4 Business Segment & Geographic Overview; 16.5.5 Key Market Developments; 16.5.6 Key Strategies; 16.6 Bruel & Kjaer Sound & Vibration Measurement; 16.6.1 Overview; 16.6.2 Offerings; 16.6.3 Key Financials; 16.6.4 Business Segment & Geographic Overview; 16.6.5 Key Market Developments; 16.6.6 Key Strategies; 16.7 Meggit PLC; 16.7.1 Overview; 16.7.2 Offerings; 16.7.3 Key Financials; 16.7.4 Business Segment & Geographic Overview; 16.7.5 Key Market Developments; 16.7.6 Key Strategies; 16.8 Analog Devices Inc.; 16.8.1 Overview; 16.8.2 Offerings; 16.8.3 Key Financials; 16.8.4 Business Segment & Geographic Overview; 16.8.5 Key Market Developments; 16.8.6 Key Strategies; 16.9 SPM Instrument AB; 16.9.1 Overview; 16.9.2 Offerings; 16.9.3 Key Financials; 16.9.4 Business Segment & Geographic Overview; 16.9.5 Key Market Developments; 16.9.6 Key Strategies; 16.10 Schaeffler AG; 16.10.1 Overview; 16.10.2 Offerings; 16.10.3 Key Financials; 16.10.4 Business Segment & Geographic Overview; 16.10.5 Key Market Developments; 16.10.6 Key Strategies