Market Overview:
The global machinery vibration monitoring system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for remote and field monitoring systems across various industries such as automotive, aerospace, electronic and others. Additionally, the growing awareness about machinery health and safety is also propelling the demand for machinery vibration monitoring systems globally.
Product Definition:
A machinery vibration monitoring system is a device or software used to monitor the vibrations of machines. This type of system can be used to detect and diagnose problems with the machines, as well as to optimize their performance. The importance of machinery vibration monitoring systems varies depending on the application, but in general they can help increase machine reliability, improve safety, and extend machine life.
Remote Monitoring:
Remote monitoring is a technique where the engineer or operator at a distance can monitor the working condition of an asset, which is not in his/her direct control. The remote monitors can observe and analyze data from different types of equipment such as vibration sensors, temperature sensors, position sensors among others. This information is used to evaluate and take preventive measures for any machinery vibration-related issues.
Field Monitoring:
The global field monitoring and it's usage in machinery vibration monitoring system market size was valued at USD 6.5 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period owing to the growing demand for process automation, which has resulted into increased adoption of machinery vibration monitors as they provide early warning signals about potential equipment breakdowns or faults before they occur, thereby saving time and cost.
Application Insights:
The automotive segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for advanced machinery, which leads to an increase in vibration levels. Monitoring systems help reduce vibrations, thereby maintaining equipment performance and productivity.
Automotive manufacturers are focusing on reducing vehicle weight as it has a significant impact on fuel consumption and emissions. This factor is likely to drive the adoption of vibration monitoring systems in automobiles, thus augmenting product demand over the forecast period.
Regional Analysis:
The Asia Pacific market is anticipated to witness significant growth over the forecast period owing to the increasing demand for industrial machinery in emerging economies such as China and India. The growing manufacturing sector, coupled with stringent government regulations pertaining to workplace safety, is expected to drive the regional market.
North America held a substantial revenue share in 2017 owing to high product adoption across various end-use industries such as automotive and aerospace. The U.S., being an advanced economy, has been witnessing high penetration of vibration monitoring systems since long; however, Europe's adoption rate of these systems has been higher due S factors like history of factory accidents and occupational health & safety legislation compliance in countries like Germany and France among others).
Growth Factors:
- Increasing demand for machinery vibration monitoring system from end-use industries to ensure the safety of machines and avoid unexpected breakdowns
- Growing awareness about the benefits of machinery vibration monitoring system among industrial operators
- Rising investments in research and development activities by key players to develop innovative products and solutions
- Proliferation of internet of things (IoT) across various industry verticals that is expected to create new opportunities for the growth of machinery vibration monitoring system market
- Growing number of mergers and acquisitions by key players to expand their product offerings and strengthen their position in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Machinery Vibration Monitoring System Market Research Report
By Type
Remote Monitoring, Field Monitoring
By Application
Automotive, Aerospace, Electronic, Other
By Companies
Rockwell Automation, SKF, GE, Emerson, Schaeffler AG, Honeywell, Fluke(Danaher), SHINKAWA Electric, National Instruments, Meggitt, SPM Instrument, Siemens, RION
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Machinery Vibration Monitoring System Market Report Segments:
The global Machinery Vibration Monitoring System market is segmented on the basis of:
Types
Remote Monitoring, Field Monitoring
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace, Electronic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rockwell Automation
- SKF
- GE
- Emerson
- Schaeffler AG
- Honeywell
- Fluke(Danaher)
- SHINKAWA Electric
- National Instruments
- Meggitt
- SPM Instrument
- Siemens
- RION
Highlights of The Machinery Vibration Monitoring System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remote Monitoring
- Field Monitoring
- By Application:
- Automotive
- Aerospace
- Electronic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Machinery Vibration Monitoring System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Machinery vibration monitoring system is a type of equipment used to measure the vibrations of machines and other equipment. Vibration measurements can be used to identify problems with the machine or to determine how well it is operating.
Some of the major companies in the machinery vibration monitoring system market are Rockwell Automation, SKF, GE, Emerson, Schaeffler AG, Honeywell, Fluke(Danaher), SHINKAWA Electric, National Instruments, Meggitt, SPM Instrument, Siemens, RION.
The machinery vibration monitoring system market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Machinery Vibration Monitoring System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Machinery Vibration Monitoring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Machinery Vibration Monitoring System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Machinery Vibration Monitoring System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Machinery Vibration Monitoring System Market Size & Forecast, 2020-2028
4.5.1 Machinery Vibration Monitoring System Market Size and Y-o-Y Growth
4.5.2 Machinery Vibration Monitoring System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Remote Monitoring
5.2.2 Field Monitoring
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Electronic
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Machinery Vibration Monitoring System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Machinery Vibration Monitoring System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Remote Monitoring
9.6.2 Field Monitoring
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Electronic
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Remote Monitoring
10.6.2 Field Monitoring
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Electronic
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Remote Monitoring
11.6.2 Field Monitoring
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Electronic
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Remote Monitoring
12.6.2 Field Monitoring
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Electronic
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Remote Monitoring
13.6.2 Field Monitoring
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Electronic
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Machinery Vibration Monitoring System Market: Competitive Dashboard
14.2 Global Machinery Vibration Monitoring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rockwell Automation
14.3.2 SKF
14.3.3 GE
14.3.4 Emerson
14.3.5 Schaeffler AG
14.3.6 Honeywell
14.3.7 Fluke(Danaher)
14.3.8 SHINKAWA Electric
14.3.9 National Instruments
14.3.10 Meggitt
14.3.11 SPM Instrument
14.3.12 Siemens
14.3.13 RION
