Global Vibration Monitoring Market, By Offering (Hardware, Software Services), By Monitoring (Online

Published Date: | Report Code : IT1958429

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Increasing trend of wireless vibration monitoring is expected to drive the growth of vibration monitoring market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Vibration surveillance is the method of examining equipment condition for detecting damage and ensuring long-term machine health and efficiency. These systems recognize vibrations that may suggest malfunction, failure development, or limitation of processes. One of the main parts of predictive maintenance is vibration monitoring.

In an intelligent factory, vibration surveillance plays a vital role; it saves time by eliminating waste, increases monitoring flexibility through the use of portable devices, offers automatic error-free alternatives, and improves plant efficiency. Thus, the demand for vibration surveillance alternatives is anticipated to increase further with the development in the implementation of intelligent factories globally.

Segment Analysis:

The system-based vibration surveillance market is resulted by the size section of the embedded system. Effective and continuous monitoring through embedded systems mounted directly on the devices enables for real-time machine condition evaluation as well as an optimized maintenance program. Embedded systems are perfect solutions, as full and reliable systems for identification and assessment of equipment failures, changes in performance, imbalances and other anomalies. Embedded vibration surveillance devices have a broad demand from sectors such as petroleum and gas, energy and power, metals and mining, and chemicals where many assets used during manufacturing are critical as they mostly require continuous monitoring.

It is anticipated that the market for the automotive industry will see the greatest development in the coming days. In terms of the amount of units generated per day, the automotive industry is experiencing huge development. With worldwide demand for cars rising, companies are striving to match worldwide demand with manufacturing capabilities. Vibration surveillance systems therefore play a vital role in ensuring ongoing effective production procedures.

The worldwide automotive industry focuses on automating and upgrading assembly lines that require engine surveillance. To minimize the production cycle and boost manufacturing output, the machinery on the manufacturing ground must be correctly maintained. Consequently, the automotive vibration surveillance market is likely to develop at a substantial pace in the near future.

Key Factors Impacting Market Growth:

  • An increasing trend of wireless vibration monitoring

  • Sensitivity to predictive maintenance

  • Increasing demand from applications that emerge

  • Difficulties in verifying key vibration monitoring system parameters

Regional Analysis:

By region, the vibration monitoring market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and cluster of global companies operating in these regions, these regions hold key to the growth and development of vibration monitoring market during the forecast period. Most of the leading companies have operations in these regions to cater the potential end users in the respective region. The North America vibration monitoring market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe.

Asia Pacific region is segmented by China, Japan, South Korea, India and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Key Developments:

  • Nov 2018, Rockwell Automation expanded its TotalFORCE technology capabilities and power range for Allen-Bradley PowerFlex 755 T AC drives.

  • April 2018, SKF AG signed a three-year contract with BP North Sea to provide its UK offshore holdings with condition surveillance services. The firm offers its digitization solutions — cloud-based analytics — to avoid engine failure.

  • April 2018, Hottinger Baldwin Messtechnik GmbH (HBM) merged with Brüel & Kjær Sound and Vibration A / S (BKSV) and was renamed HBK (Hottinger, Brüel & Kjær). This merger will enhance the company's capacities and ensure a powerful market position.

  • June 2018, A wireless vibration sensing scheme was introduced by Analog Devices to track and improve the efficiency of its manufacturing machinery. These technologies include the wireless vibration sensor node ADIS16229 iSensor and help to reduce the system's general maintenance cost.

Companies Covered: Rockwell Automation Inc., General Electric Corporation, National Instruments Corporation, Bruel & Kjaer Sound & Vibration Measurement, Emerson Electric Company, Honeywell International Inc., Meggit PLC, Analog Devices Inc., SPM Instrument AB, Schaeffler AG, PCB Piezotronics Inc., Azima DLI Corporation, Data Physics Corporation

Market Segmentation:

By Offering:

  • Hardware

  • Software

  • Services

By Monitoring:

  • Online

  • Portable

By System:

  • Embedded Systems

  • Vibration Analyzers

  • Vibration Meters

By End use Industry:

  • Oil and Gas

  • Energy and Power

  • Metals and Mining

  • Chemicals

  • Automotive

  • Aerospace and Defense

  • Food and Beverages

  • Marine

  • Pulp and Paper

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Offering

    • By Monitoring

    • By System

    • By End use Industry

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Offering

    • By Monitoring

    • By System

    • By End use Industry

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Offering

    • By Monitoring

    • By System

    • By End use Industry

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Offering

    • By Monitoring

    • By System

    • By End use Industry

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Offering

    • By Monitoring

    • By System

    • By End use Industry

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Offering

    • By Monitoring

    • By System

    • By End use Industry

Reasons To Buy This Report:

  • Market size estimation of the vibration monitoring market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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