Vibration Monitoring Market

Vibration monitoring is a process of monitoring the machines to detect the vibrations that may direct towards the developing failures, process restriction, or malfunction. This process is considered as a major component in predictive maintenance. The vibration monitoring system majorly applies to the machines that rotate like motors, pumps, and turbines. The system consists of a set of tools that are used to measure one or more parameters to detect the changes in the behavior of the machines. The process of monitoring enhances the reliability and maintenance of a program by detecting the failures. The market for vibration monitoring has been categorized on the basis of their monitoring process into portable vibration monitoring and online vibration monitoring.

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The factors driving the growth of the global vibration monitoring market include the rising demand for predictive maintenance for enhancing the productivity, increasing penetration of smart factory along with rising utilization of wireless system in the monitoring of machine condition and growing adoption of automation condition monitoring technologies. In addition to this, the need to reduce the cost of operations in plants, rapidly growing capital investments by the companies and government in various industries like metals, pulp& paper, and others will further have a positive impact on the growing demand of global vibration monitoring market during the forecast period. Moreover, the growing demand for the emerging applications, the introduction of cloud computing platforms for condition monitoring, and the growth of big data analytics and machine learning are some factors fuelling the growth for the vibration monitoring market worldwide. Several advantages provided by vibration monitoring includes the reduction in the production & maintenance costs, minimized unplanned outages and downtime along with optimized maintenance and reduced workforce size. The factors hampering the growth of the global vibration monitoring market include the lack of trained technical persons for data analysis and extra installation costs of vibration monitoring solutions on the existing machinery.

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Based on the offering, the hardware segment is expected to grow at a higher CAGR over the forecast period as the data that is extracted from the hardware allows operative predictive maintenance program in order to avoid the costly downtime. The devices such as accelerometers, velocity sensors, and others are considered as the major components of the vibration monitoring systems as these devices allow the availability of data associated with the vibration levels in advance.

Based on the system type, the Embedded Systems segment is anticipated to grow at a higher CAGR during the forecast period owing to the increasing adoption of such systems across various industries such as chemicals, oil & gas, metals & mining, among others. The property of embedded systems to permit real-time assessment of the condition during effective & continuous monitoring when installed directly into the machines and their ability to provide quick notifications associated with vibration shifts are some factors propelling the market growth of this segment.

Based on the industry, the automotive segment is expected to grow at a higher CAGR during the forecast period due to the rising utilization of vibration monitoring in this segment as a result of the need for the appropriate maintenance requirement by the machines to reduce the production cycle and enhance the production.

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Based on the region, Asia-Pacific is anticipated to lead the market during the forecast period owing to the increasing development in the infrastructure along with the several opportunities for the business expansion. In addition to this, expansion in the manufacturing activities and rapid industrialization are some other key factors driving the market growth in this region.

Various notable players operating in the global vibration monitoring market include General Electric, Rockwell Automation, Inc., Emerson Electric Co, Honeywell International Inc, National Instruments, SKF, Bruel & Kjaer, Schaeffler AG, Meggitt PLC, Analog Devices, Inc., among others.

Key Market Developments: 

• • In 2019, Emerson Electric launched AMS Wireless Vibration Monitor, which is a low-cost and easy to deploy vibration sensor. This device makes it economically feasible to entirely monitor the fans, pumps, and other critical plant equipments.
  • In 2019, National Instruments launched wireless monitoring hardware for InsightCM, which is the most open solution for online conditioning monitoring. This new wireless monitoring hardware comprises of two separate devices. The NI Wireless Vibration Measurement device combines 12 standard piezoelectric accelerometer or sensors.

The global vibration monitoring market is segmented by offering, monitoring process, system type, industry, and regions. Based on the offering, the market is segmented into Hardware and Software. Based on the hardware, the market is further segmented into Accelerometers, Velocity Sensors, Proximity Probes, Transmitters, and Others. Based on the software, the market is further segmented into Diagnostic Reporting, Data Integration, and Parameter Calculation. Based on the monitoring process, the market is segmented into Portable Vibration Monitoring and Online Vibration Monitoring. Based on the system type, the market is segmented into Vibration Analyzers, Embedded Systems, and Vibration Meters. Based on the industry, the market is segmented into Energy & Power, Chemicals, Oil & Gas, Automotive, Metals & Mining, Aerospace & Defense, Marine, Pulp & Paper, Food & Beverages, and Others.

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Key questions answered in this research report:

• • At what pace is the global vibration monitoring market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global vibration monitoring market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global vibration monitoring market?
  • Which Offering generated maximum revenues in 2019 and identify the most promising Offering during the forecast period?
  • What are the various monitoring processes in the vibration monitoring market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Monitoring Process, By System Type, By Industry, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	General Electric, Rockwell Automation, Inc., Emerson Electric Co, Honeywell International Inc, National Instruments, SKF, Bruel & Kjaer, Schaeffler AG, Meggitt PLC, Analog Devices, Inc., among others; A total of 10 Companies Covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Vibration Monitoring Market by Offering

• • Hardware
    • Accelerometers
    • Velocity Sensors
    • Proximity Probes
    • Transmitters
    • Others
  • Software
    • Diagnostic Reporting
    • Data Integration
    • Parameter Calculation

Global Vibration Monitoring Market by Monitoring Process

• • Portable Vibration Monitoring
  • Online Vibration Monitoring

Global Vibration Monitoring Market by System Type

• • Vibration Analyzers
  • Embedded Systems
  • Vibration Meters

Global Vibration Monitoring Market by Industry

• • Energy & Power
  • Chemicals
  • Oil & Gas
  • Automotive
  • Metals & Mining
  • Aerospace & Defense
  • Marine
  • Pulp & Paper
  • Food & Beverages
  • Others

Global Vibration Monitoring Market by Region

• • North America Vibration Monitoring Market (Option 1: As a part of the free 25% customization)
    • North America Market by Offering
    • North America Market by Monitoring Process
    • North America Market by System Type
    • North America Market by Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Vibration Monitoring Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Offering
    • Europe Market by Monitoring Process
    • Europe Market by System Type
    • Europe Market by Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Vibration Monitoring Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Offering
    • Asia-Pacific Market by Monitoring Process
    • Asia-Pacific Market by System Type
    • Asia-Pacific Market by Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Vibration Monitoring Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Offering
    • RoW Market by Monitoring Process
    • RoW Market by System Type
    • RoW Market by Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Vibration Monitoring (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • General Electric
  • Rockwell Automation, Inc.
  • Emerson Electric Co.
  • Honeywell International Inc
  • National Instruments
  • SKF
  • Bruel & Kjaer
  • Schaeffler AG
  • Meggitt PLC
  • Analog Devices, Inc