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Vibration Monitoring Market by Component (Hardware, Software, and Services), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), and End Use (Energy & Power, Metals & Mining, Oil & Gas, Automotive, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A05569
Pages: 281
Oct 2020 | 1365 Views
 
Author(s) : Shantanu Sachan, Asavari Patil , Vineet Kumar
Tables: 125
Charts: 70
 

COVID-19

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The global vibration monitoring market size is expected to reach from $1.33 billion in 2019 to $2.17 billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027. Vibration monitoring is a technique for examining machines to detect damages and ensure the efficiency of industrial production in the long term. These systems monitor, analyze, and identify vibrations, which may indicate a malfunction, fore-coming failure, or process restriction. 

Vibration monitoring is one of the major components of predictive maintenance that drives the vibration monitoring market growth. It is used primarily on rotating equipment such as steam & gas turbines, pumps, motors, compressors, paper machines, rolling mills, machine tools, and gearboxes. It is used to determine the operating and mechanical condition of these equipment. A major advantage is that vibration analysis can identify developing problems before they become too serious and cause unscheduled downtime. This can be achieved by conducting regular monitoring of machine vibrations either on continuous basis or at scheduled intervals.

Vibration-Monitoring-Market-2019-2027

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The vibration monitoring process is carried in two ways, that is, online or portable. Online vibration monitoring is widely used process as it is used for critical plants that work continuously and are highly prone to defects. The online vibration monitoring process is used in industries where 24*7 production is maintained, such as oil & gas, energy & power. Therefore, it is expected that the online vibration monitoring segment will dominate the market. There are several players in the market and the growth strategy adopted by the key players are new product launch, product development, merger, and acquisition. For instance, Rockwell Automation launched Thin Manager version 11.0 software. It includes support for 11 local languages in 12 countries, making it easier for global organizations to configure, deploy, and manage thin client devices in their operations using their native language and character sets.

COVID-19 has impacted the growth of the vibration monitoring market. Due to lockdown and various international restrictions by the governments of many countries, the process of vibration monitoring system development has been delayed. Furthermore, the slowdown in industrial growth has also been impacted, which has affected the market growth. The COVID-19 impact on the vibration monitoring market is expected to last till end of 2020, post which the market is expected to pick-up pace.

Vibration Monitoring Market
By component

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Hardware segment is projected as one of the most lucrative segments.

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The global vibration monitoring market is segmented on the basis of component, system type, monitoring process, end use, and region. Based on the component, the market is divided into hardware, software, and services. By system type, the market is classified into embedded systems, vibration analyzers, and vibration meters. Based on monitoring process, the market is bifurcated into online and portable. Based on the end use, the market is divided into energy & power, metals & mining, automotive food & beverages, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top Impacting Factors

The significant impacting factors for the growth of the vibration monitoring market include growth in awareness toward predictive maintenance, rise in concern related to products safety and functionality, and increase in trend of vibration monitoring through wireless system. In addition, the restraining factors by which the market is influenced include high installation costs, lack of skilled workforce, and other technical resources for analyzing and predicting the machine condition. On the contrary, R&D for integration of AI is expected to create lucrative market opportunities. Each of these factors is anticipated to have a definite impact on the vibration monitoring market during the forecast period. 

Vibration Monitoring Market
By system type

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Embedded System segment generated the highest revenue in 2019.

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Major factor impacting the vibration monitoring market growth is given below:

Increase in trend of vibration monitoring through wireless system 

The developments in vibration monitoring systems has integrated wireless technology and cloud storage. Wireless connectivity in the system using Bluetooth, also provides seamless functioning. For instance, STMicroelectronics, a semiconductor manufacturer, has launched a new vibration-sensing solution optimized to enable smart maintenance of factory equipment. The IIS3DWB is a 3-axis MEMS accelerometer optimized for industrial vibration sensing. The STEVAL-STWINKT1 simplifies prototyping and testing by integrating the IIS3DWB with additional sensors, an ultra-low-power microcontroller and algorithms for vibration processing, Bluetooth wireless module, and USB connection. Housed in a plastic enclosure with a battery, the kit is ready to begin application development and presents a convenient reference design. High-speed data-logger and cloud-dashboard utilities are included to help collect, analyze, and visualize the results.

Competition Analysis

The major companies profiled in the vibration monitoring market report include SKF AB, Emerson Electric Co., General Electric, Meggitt PLC, National Instruments Corp., Rockwell Automation Inc., Honeywell International Inc., Schaeffler Technologies AG & Co. KG, Bruel & Kiaer Sound & Vibration Measurement A/S, and Analog Devices Inc., and others. The global vibration monitoring industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements, among others to influence the market growth.

Vibration Monitoring Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 8.2% during 2020-2027

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global vibration monitoring market share along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall vibration monitoring market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current vibration monitoring market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.

Vibration Monitoring Market Segmentation

By Component

  • Hardware
  • Software
  • Services

By System Type

  • Embedded Systems
  • Vibration Analyzers
  • Vibration Meters

By Monitoring Process

  • Online 
  • Portable

By End Use 

  • Energy & Power
  • Metals & Mining
  • Oil & Gas
  • Automotive
  • Food & Beverages
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled 

  • SKF AB
  • Emerson Electric Co.
  • General Electric
  • Meggitt PLC
  • National Instruments Corp.
  • Rockwell Automation Inc.
  • Honeywell International Inc.
  • Schaeffler Technologies AG & Co. KG
  • Bruel & Kiaer Sound & Vibration Measurement A/S
  • Analog Devices Inc.
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets

3.3.Key forces shaping the VIBRATION monitoring market

3.3.1.Top winning strategies

3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Growth in awareness toward predictive maintenance
3.4.1.2.Rise in concern related to products safety and functionality
3.4.1.3.Increase in trend of vibration monitoring through wireless system

3.4.2.Restraint

3.4.2.1.high installation costs
3.4.2.2.lack of skilled workforce, and other technical resources for analyzing & predicting the machine condition 

3.4.3.Opportunity

3.4.3.1.The R&D for integration of AI 

3.5.Covid-19 Impact Analysis

CHAPTER 4:VIBRATION MONITORING MARKET, BY COMPONENT

4.1.Overview
4.2.Hardware

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country

4.3.Software

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country

4.4.Services

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis by country

CHAPTER 5:VIBRATION MONITORING MARKET, BY SYSTEM TYPE

5.1.Overview
5.2.Embedded Systems

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.Vibration Analyzers

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

5.4.Vibration Meters

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country

CHAPTER 6:VIBRATION MONITORING MARKET, BY MONITORING PROCESS

6.1.Overview
6.2.Online 

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.Portable

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

CHAPTER 7:VIBRATION MONITORING MARKET, BY END USE

7.1.Overview
7.2.Energy and Power

7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis by country

7.3.Metal and Mining

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis by country

7.4.Oil and Gas

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis by country

7.5.Automotive

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market analysis by country

7.6.Food and Beverages

7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region
7.6.3.Market analysis by country

7.7.Others

7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast, by region
7.7.3.Market analysis by country

CHAPTER 7:VIBRATION MONITORING MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by Component
7.2.3.Market size and forecast, by System Type
7.2.4.Market size and forecast, by Monitoring Process
7.2.5.Market size and forecast, End Use 
7.2.6.Market analysis, by country

7.2.6.1.U.S.

7.2.6.1.1.Market size and forecast, by Component
7.2.6.1.2.Market size and forecast, by System Type
7.2.6.1.3.Market size and forecast, by Monitoring Process
7.2.6.1.4.Market size and forecast, by End Use 

7.2.6.2.CANADA

7.2.6.2.1.Market size and forecast, by Component
7.2.6.2.2.Market size and forecast, by System Type
7.2.6.2.3.Market size and forecast, by Monitoring Process
7.2.6.2.4.Market size and forecast, by End Use 

7.2.6.3.MEXICO

7.2.6.3.1.Market size and forecast, by Component
7.2.6.3.2.Market size and forecast, by System Type
7.2.6.3.3.Market size and forecast, by Monitoring Process
7.2.6.3.4.Market size and forecast, by End Use 

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by Component
7.3.3.Market size and forecast, by System Type
7.3.4.Market size and forecast, by Monitoring Process
7.3.5.Market size and forecast, by End Use
7.3.6.Market analysis, by country

7.3.6.1.UK

7.3.6.1.1.Market size and forecast, by Component
7.3.6.1.2.Market size and forecast, by System Type
7.3.6.1.3.Market size and forecast, by Monitoring Process
7.3.6.1.4.Market size and forecast, by End Use 

7.3.6.2.GERMANY

7.3.6.2.1.Market size and forecast, by Component
7.3.6.2.2.Market size and forecast, by System Type
7.3.6.2.3.Market size and forecast, by Monitoring Process
7.3.6.2.4.Market size and forecast, by End Use 

7.3.6.3.FRANCE

7.3.6.3.1.Market size and forecast, by Component
7.3.6.3.2.Market size and forecast, by System Type
7.3.6.3.3.Market size and forecast, by Monitoring Process
7.3.6.3.4.Market size and forecast, by End Use 

7.3.6.4.ITALY

7.3.6.4.1.Market size and forecast, by Component
7.3.6.4.2.Market size and forecast, by System Type
7.3.6.4.3.Market size and forecast, by Monitoring Process
7.3.6.4.4.Market size and forecast, by End Use 

7.3.6.5.REST OF EUROPE

7.3.6.5.1.Market size and forecast, by Component
7.3.6.5.2.Market size and forecast, by System Type
7.3.6.5.3.Market size and forecast, by Monitoring Process
7.3.6.5.4.Market size and forecast, by End Use 

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by Component
7.4.3.Market size and forecast, by System Type
7.4.4.Market size and forecast, by Monitoring Process
7.4.5.Market size and forecast, by Monitoring Process
7.4.6.Market analysis, by country

7.4.6.1.CHINA

7.4.6.1.1.Market size and forecast, by Component
7.4.6.1.2.Market size and forecast, by System Type
7.4.6.1.3.Market size and forecast, by Monitoring Process
7.4.6.1.4.Market size and forecast, by End Use 

7.4.6.2.JAPAN

7.4.6.2.1.Market size and forecast, by Component
7.4.6.2.2.Market size and forecast, by System Type
7.4.6.2.3.Market size and forecast, by Monitoring Process
7.4.6.2.4.Market size and forecast, by End Use 

7.4.6.3.INDIA

7.4.6.3.1.Market size and forecast, by Component
7.4.6.3.2.Market size and forecast, by System Type
7.4.6.3.3.Market size and forecast, by Monitoring Process
7.4.6.3.4.Market size and forecast, by End Use 

7.4.6.4.SOUTH KOREA

7.4.6.4.1.Market size and forecast, by Component
7.4.6.4.2.Market size and forecast, by System Type
7.4.6.4.3.Market size and forecast, by Monitoring Process
7.4.6.4.4.Market size and forecast, by End Use 

7.4.6.5.REST OF ASIA-PACIFIC

7.4.6.5.1.Market size and forecast, by Component
7.4.6.5.2.Market size and forecast, by System Type
7.4.6.5.3.Market size and forecast, by Monitoring Process
7.4.6.5.4.Market size and forecast, by End Use 

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by Component
7.5.3.Market size and forecast, by System Type
7.5.4.Market size and forecast, by Monitoring Process
7.5.5.Market size and forecast, by Monitoring Process
7.5.6.Market analysis, by country

7.5.6.1.LATIN AMERICA

7.5.6.1.1.Market size and forecast, by Component
7.5.6.1.2.Market size and forecast, by System Type
7.5.6.1.3.Market size and forecast, by Monitoring Process
7.5.6.1.4.Market size and forecast, by End Use 

7.5.6.2.MIDDLE EAST

7.5.6.2.1.Market size and forecast, by Component
7.5.6.2.2.Market size and forecast, by System Type
7.5.6.2.3.Market size and forecast, by Monitoring Process
7.5.6.1.4.Market size and forecast, by End Use 

7.5.6.3.AFRICA

7.5.6.3.1.Market size and forecast, by Component
7.5.6.3.2.Market size and forecast, by System Type
7.5.6.3.3.Market size and forecast, by Monitoring Process
7.5.6.3.4.Market size and forecast, by End Use 

CHAPTER 8:COMPANY PROFILE

8.1.SKF AB

8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Business performance

8.2.GENERAL ELECTRICS

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance

8.3.Meggitt PLC

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Product portfolio

8.4.National Instruments Corp.

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance

8.5.ROCKWELL AUTOMATION INC.

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Product portfolio
8.5.4.Business performance

8.6.Honeywell International Inc.

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product portfolio

8.7.SCHAEFFLER TECHNOLOGIES AG & CO. KG

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Product portfolio

8.8.Bruel & Kiaer Sound & Vibration Measurement A/S

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio
8.8.5.Business performance

8.9.ANALOG DEVICES INC.

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance

8.10.EMERSON ELECTRIC CO.

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance

LIST OF TABLES

TABLE 01.GLOBAL VIBRATION MONITORING MARKET, BY COMPONENT, 2019-2027 ($MILLION)
TABLE 02.VIBRATION MONITORING MARKET REVENUE BY HARDWARE, BY REGION 2019-2027 ($MILLION)
TABLE 03.VIBRATION MONITORING MARKET BY SOFTWARE, BY REGION 2019-2027($MILLION)
TABLE 04.VIBRATION MONITORING MARKET BY SERVICES, BY REGION 2019-2027($MILLION)
TABLE 05.GLOBAL VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2019-2027 ($MILLION)
TABLE 06.VIBRATION MONITORING MARKET REVENUE BY EMBEDDED SYSTEMS, BY REGION 2019-2027 ($MILLION)
TABLE 07.VIBRATION MONITORING MARKET BY VIBRATION ANALYZERS, BY REGION 2019-2027($MILLION)
TABLE 08.VIBRATION MONITORING MARKET BY VIBRATION METERS, BY REGION 2019-2027($MILLION)
TABLE 09.GLOBAL VIBRATION MONITORING MARKET, BY MONITORING PROCESS, 2019-2027 ($MILLION)
TABLE 10.VIBRATION MONITORING MARKET REVENUE BY ONLINE, BY REGION 2019-2027 ($MILLION)
TABLE 11.VIBRATION MONITORING MARKET BY PORTABLE, BY REGION 2019-2027($MILLION)
TABLE 12.GLOBAL VIBRATION MONITORING MARKET, BY END USE, 2019-2027 ($MILLION)
TABLE 13.VIBRATION MONITORING MARKET REVENUE BY ENERGY & POWER, BY REGION 2019-2027 ($MILLION)
TABLE 14.VIBRATION MONITORING MARKET BY METAL & MINING, BY REGION 2019-2027($MILLION)
TABLE 15.VIBRATION MONITORING MARKET REVENUE BY OIL & GAS, BY REGION 2019-2027 ($MILLION)
TABLE 16.VIBRATION MONITORING MARKET BY AUTOMOTIVE, BY REGION 2019-2027($MILLION)
TABLE 17.VIBRATION MONITORING MARKET REVENUE BY FOOD & BEVERAGES, BY REGION 2019-2027 ($MILLION)
TABLE 18.VIBRATION MONITORING MARKET BY OTHERS, BY REGION 2019-2027($MILLION)
TABLE 19.NORTH AMERICA VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 20.NORTH AMERICA VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 21.NORTH AMERICA VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 22.NORTH AMERICA VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 23.U.S. VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 24.U.S. VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 25.U.S. VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 26.U.S. VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 27.CANADA VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 28.CANADA VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 29.CANADA VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 30.CANADA VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 31.MEXICO VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 32.MEXICO VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 33.MEXICO VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 34.MEXICO VIBRATION MONITORING MARKET, BY  END USE 2019-2027($MILLION)
TABLE 35.EUROPE VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 36.EUROPE VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 37.EUROPE VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 38.EUROPE VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 39.UK VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 40.UK VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 41.UK VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 42.UK VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 43.GERMANY VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 44.GERMANY VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 45.GERMANY VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 46.GERMANY VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)

TABLE 47.FRANCE VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 48.FRANCE VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 49.FRANCE VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 50.FRANCE VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 51.ITALY VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 52.ITALY VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 53.ITALY VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 54.ITALY VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 55.REST OF EUROPE VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 56.REST OF EUROPE VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 57.REST OF EUROPE VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 58.REST OF EUROPE VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 59.ASIA-PACIFIC VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 60.ASIA-PACIFIC VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 61.ASIA-PACIFIC VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 62.ASIA-PACIFIC VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 63.CHINA VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 64.CHINA VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 65.CHINA VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 66.CHINA VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 67.JAPAN VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 68.JAPAN VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 69.JAPAN VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 70.JAPAN VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 71.INDIA VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 72.INDIA VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 73.INDIA VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 74.INDIA VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 75.SOUTH KOREA VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 76.SOUTH KOREA VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 77.SOUTH KOREA VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 78.SOUTH KOREA VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 79.REST OF ASIA-PACIFIC VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 80.REST OF ASIA-PACIFIC VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 81.REST OF ASIA-PACIFIC VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 82.REST OF ASIA-PACIFIC VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 83.LAMEA VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 84.LAMEA VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 85.LAMEA VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 86.LAMEA VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 87.LATIN AMERICA VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 88.LATIN AMERICA VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 89.LATIN AMERICA VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 90.LATIN AMERICA VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 91.MIDDLE EAST VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 92.MIDDLE EAST VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 93.MIDDLE EAST VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 94.MIDDLE EAST VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 95.AFRICA VIBRATION MONITORING MARKET, BY COMPONENT 2019-2027($MILLION)
TABLE 96.AFRICA VIBRATION MONITORING MARKET, BY SYSTEM TYPE 2019-2027($MILLION)
TABLE 97.AFRICA VIBRATION MONITORING MARKET, BY MONITORING PROCESS 2019-2027($MILLION)
TABLE 98.AFRICA VIBRATION MONITORING MARKET, BY END USE 2019-2027($MILLION)
TABLE 99.SKF AB: KEY EXECUTIVES:
TABLE 100.SKF AB: COMPANY SNAPSHOT
TABLE 101.SKF AB: OPERATING SEGMENTS
TABLE 102.SKF AB: PRODUCT PORTFOLIO
TABLE 103.GENERAL ELECTRICS: COMPANY SNAPSHOT
TABLE 104.GENERAL ELECTRICS: OPERATING SEGMENTS
TABLE 105.GENERAL ELECTRICS: PRODUCT PORTFOLIO
TABLE 106.MEGGITT PLC: COMPANY SNAPSHOT
TABLE 107.MEGGITT PLC: PRODUCT PORTFOLIO
TABLE 108.NATIONAL INSTRUMENTS CORP.: COMPANY SNAPSHOT
TABLE 109.NATIONAL INSTRUMENTS CORP.: OPERATING SEGMENTS
TABLE 110.NATIONAL INSTRUMENTS CORP.: PRODUCT PORTFOLIO
TABLE 111.ROCKWELL AUTOMATION INC.: COMPANY SNAPSHOT
TABLE 112.ROCKWELL AUTOMATION INC.: PRODUCT PORTFOLIO
TABLE 113.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 114.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 115.SCHAEFFLER TECHNOLOGIES AG & CO. KG: COMPANY SNAPSHOT
TABLE 116.SCHAEFFLER TECHNOLOGIES AG & CO. KG: PRODUCT PORTFOLIO
TABLE 117.BRUEL & KIAER SOUND & VIBRATION MEASUREMENT A/S: COMPANY SNAPSHOT
TABLE 118.BRUEL & KIAER SOUND & VIBRATION MEASUREMENT A/S: OPERATING SEGMENTS
TABLE 119.BRUEL & KIAER SOUND & VIBRATION MEASUREMENT A/S: PRODUCT PORTFOLIO
TABLE 120.ANALOG DEVICES INC.: COMPANY SNAPSHOT
TABLE 121.ANALOG DEVICES INC.: OPERATING SEGMENTS
TABLE 122.ANALOG DEVICES INC.: PRODUCT PORTFOLIO
TABLE 123.EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 124.EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 125.EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.LOW-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.HIGH INTENSITY OF RIVALRY
FIGURE 09.MODERATE BARGAINING POWER OF BUYERS
FIGURE 10.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 11.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020*
FIGURE 12.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 13.GLOBAL VIBRATION MONITORING MARKET, BY COMPONENT, 2019-2027
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF HARDWARE IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF SOFTWARE ON VIBRATION MONITORING MARKET FOR SOFTWARE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF SERVICES IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.GLOBAL VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2019-2027
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEM, BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF VIBRATION MONITORING MARKET FOR VIBRATION ANALYZER, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF VIBRATION MONITORING MARKET FOR VIBRATION METERS, BY COUNTRY, 2019 & 2027 (%)

FIGURE 21.GLOBAL VIBRATION MONITORING MARKET, BY MONITORING PROCESS, 2019-2027
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF ONLINE IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF PORTBALE IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 24.GLOBAL VIBRATION MONITORING MARKET, BY END USE, 2019-2027
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF ENERGY & POWER IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF METAL & MINING IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF OIL & GAS IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS OF FOOD & BEVERAGES IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF OTHERS IN VIBRATION MONITORING MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 31.GLOBAL VIBRATION MONITORING MARKET, BY REGION, 2019-2027
FIGURE 32.NORTH AMERICA VIBRATION MONITORING MARKET, BY COUNTRY, 2019-2027
FIGURE 33.U.S. VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 34.CANADA VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 35.MEXICO VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 36.EUROPE VIBRATION MONITORING MARKET, BY COUNTRY, 2019-2027
FIGURE 37.UK VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 38.GERMANY VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 39.FRANCE VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 40.ITALY VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 41.REST OF EUROPE VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 42.ASIA-PACIFIC VIBRATION MONITORING MARKET, BY COUNTRY, 2019-2027
FIGURE 43.CHINA VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 44.JAPAN VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 45.INDIA VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 46.SOUTH KOREA VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 47.REST OF ASIA-PACIFIC VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 48.LAMEA VIBRATION MONITORING MARKET, BY COUNTRY, 2019-2027
FIGURE 49.LATIN AMERICA VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 50.MIDDLE EAST VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 51.AFRICA VIBRATION MONITORING MARKET, 2019-2027($MILLION)
FIGURE 52.SKF AB: REVENUE, 2016–2018 ($MILLION)
FIGURE 53.SKF AB: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54.SKF AB: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55.GENERAL ELECTRICS: REVENUE, 2016–2018 ($MILLION)
FIGURE 56.GENERAL ELECTRICS: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57.GENERAL ELECTRICS: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 58.NATIONAL INSTRUMENTS CORP.: NET SALES, 2017–2019 ($MILLION)
FIGURE 59.NATIONAL INSTRUMENTS CORP.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 60.NATIONAL INSTRUMENTS CORP.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 61.ROCKWELL AUTOMATION INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 62.ROCKWELL AUTOMATION INC.: REVENUE SHARE BY REGION SEGMENT, 2018 (%)
FIGURE 63.BRUEL & KIAER SOUND & VIBRATION MEASUREMENT A/S: NET SALES, 2016–2018 ($MILLION)
FIGURE 64.BRUEL & KIAER SOUND & VIBRATION MEASUREMENT A/S: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 65.ANALOG DEVICES INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 66.ANALOG DEVICES INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 67.ANALOG DEVICES INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 68.EMERSON ELECTRIC CO.: REVENUE, 2016–2018 ($MILLION)
FIGURE 69.EMERSON ELECTRIC CO.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 70.EMERSON ELECTRIC CO.: REVENUE SHARE BY REGION, 2018 (%)

 
 

   Condition monitoring is the process of monitoring a parameter of condition in machinery to identify a significant change which is indicative of a developing fault. It is a major component of predictive maintenance. Vibration monitoring is used primarily on rotating equipment such as steam & gas turbines, pumps, motors, compressors, paper machines, rolling mills, machine tools, and gearboxes. It is used to determine the operating and mechanical condition of these equipment.

The significant impacting factors for the growth of the vibration monitoring market include growth in awareness toward predictive maintenance, rise in concern related to products safety and functionality, and increase in trend of vibration monitoring through wireless system. In addition, the restraining factors by which the market is influenced include high installation costs, lack of skilled workforce, and other technical resources for analyzing and predicting the machine condition. On the contrary, R&D for integration of AI is expected to create lucrative market opportunities. 

The major companies profiled in the vibration monitoring market share include SKF AB, Emerson Electric Co., General Electric, Meggitt PLC, National Instruments Corp., Rockwell Automation Inc., Honeywell International Inc., Schaeffler Technologies AG & Co. KG, Bruel & Kiaer Sound & Vibration Measurement A/S, and Analog Devices Inc., and others.

 

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