Market Overview:
The Global Vibration Analysis System Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth is attributed to the increasing demand for online and offline vibration analysis systems in general industry, chemical industry, vehicle, power industry and other applications. Asia Pacific is expected to be the fastest growing region during the forecast period owing to the increasing industrialization and modernization in countries such as China and India.
Product Definition:
A vibration analysis system is a type of equipment that is used to detect and measure vibrations in machinery. This information can then be used to troubleshoot problems and improve the performance of the machinery. The importance of vibration analysis systems lies in their ability to help identify issues before they become critical, which can save time and money.
Online Vibration Analysis System:
Online Vibration Analysis System (OVAS) is a software-based system used for the measurement of vibration in machinery and equipment. It provides data on the vibration characteristics including natural frequency, amplitudes and phases as well as other relevant information such as mount location, material type etc. The main aim of online analysis is to provide real-time monitoring capability during operation which helps operators to take preventive measures before any breakdown occurs.
Offline Vibration Analysis System:
The offline vibration analysis system is used to measure the vibrations of machine parts and structures in order to analyze them. It is a non-destructive testing technology that allows technicians to capture real-time data on various machine components without any risk or damage. The captured data can be later reviewed by engineers for further inspection and analysis, which helps in the early detection of problems before they occur.
Application Insights:
The general industry segment dominated the global vibration analysis system market in 2017. This is attributed to the rising demand for vibration analysis systems from various industries, such as construction, oil & gas, and others. The chemical industry also holds a significant share owing to its growing application in varied end-use industries including pharmaceuticals and food processing.
Vibration analysis has been used extensively for process control in petrochemical plants as well as refineries. It provides critical information on equipment performance that enables optimization of processes or machinery life by identifying sources of machine failure or degradation quickly and inexpensively before they cause any major damage to plant assets or personnel safety issues during operation.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising demand for vibration analysis system in countries such as China, India, and Japan. In addition, increasing number of manufacturing facilities in this region will drive the product demand further. For instance, according to World Bank data; around USD X trillion worth of construction projects are currently ongoing across India which will result in an increased requirement for power transmission equipment and components such as motor drives and gear boxes over the next few years.
North America held a significant share of global revenue owing to presence of major industry participants with extensive experience in vibration analysis technology coupled with high adoption rate by end-users for their process plant design & implementation processes within North America itself.
Growth Factors:
- Increasing demand from the automotive industry for advanced vibration analysis systems to detect and prevent component failures.
- Growing popularity of condition-based maintenance (CBM) programs, which rely on vibration analysis data to identify and correct equipment problems before they cause failures or downtime.
- Rising demand from the oil & gas industry for advanced vibration analysis systems to monitor and troubleshoot rotating machinery in harsh environments.
- Proliferation of smart factories, which are increasingly using advanced vibration analysis systems to improve production efficiency and quality control.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vibration Analysis System Market Research Report
By Type
Online Vibration Analysis System, Offline Vibration Analysis System
By Application
General Industry, Chemical Industry, Vehicle, Power Industry, Others
By Companies
SKF, GE, SHINKAWA Electric, Rockwell Automation, Siemens, Schaeffler AG, Emerson, Honeywell, National Instruments, Meggitt, SPM Instrument, Fluke, RION, Expert, Instantel, Bruel & Kjaer, Donghua
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Vibration Analysis System Market Report Segments:
The global Vibration Analysis System market is segmented on the basis of:
Types
Online Vibration Analysis System, Offline Vibration Analysis System
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
General Industry, Chemical Industry, Vehicle, Power Industry, Others
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:
- SKF
- GE
- SHINKAWA Electric
- Rockwell Automation
- Siemens
- Schaeffler AG
- Emerson
- Honeywell
- National Instruments
- Meggitt
- SPM Instrument
- Fluke
- RION
- Expert
- Instantel
- Bruel & Kjaer
- Donghua
Highlights of The Vibration Analysis 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:
- Online Vibration Analysis System
- Offline Vibration Analysis System
- By Application:
- General Industry
- Chemical Industry
- Vehicle
- Power Industry
- Others
- 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 Vibration Analysis 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
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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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?
A vibration analysis system is a machine that can be used to measure the vibrations of an object. This information can be used to help determine the cause of the vibrations and how to fix them.
Some of the major companies in the vibration analysis system market are SKF, GE, SHINKAWA Electric, Rockwell Automation, Siemens, Schaeffler AG, Emerson, Honeywell, National Instruments, Meggitt, SPM Instrument, Fluke, RION, Expert, Instantel, Bruel & Kjaer, Donghua.
The vibration analysis system market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vibration Analysis 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 Vibration Analysis System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vibration Analysis 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 Vibration Analysis 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 Vibration Analysis System Market Size & Forecast, 2020-2028
4.5.1 Vibration Analysis System Market Size and Y-o-Y Growth
4.5.2 Vibration Analysis 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 Online Vibration Analysis System
5.2.2 Offline Vibration Analysis System
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 General Industry
6.2.2 Chemical Industry
6.2.3 Vehicle
6.2.4 Power Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vibration Analysis 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 Vibration Analysis 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 Online Vibration Analysis System
9.6.2 Offline Vibration Analysis System
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 General Industry
9.10.2 Chemical Industry
9.10.3 Vehicle
9.10.4 Power Industry
9.10.5 Others
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 Online Vibration Analysis System
10.6.2 Offline Vibration Analysis System
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 General Industry
10.10.2 Chemical Industry
10.10.3 Vehicle
10.10.4 Power Industry
10.10.5 Others
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 Online Vibration Analysis System
11.6.2 Offline Vibration Analysis System
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 General Industry
11.10.2 Chemical Industry
11.10.3 Vehicle
11.10.4 Power Industry
11.10.5 Others
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 Online Vibration Analysis System
12.6.2 Offline Vibration Analysis System
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 General Industry
12.10.2 Chemical Industry
12.10.3 Vehicle
12.10.4 Power Industry
12.10.5 Others
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 Online Vibration Analysis System
13.6.2 Offline Vibration Analysis System
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 General Industry
13.10.2 Chemical Industry
13.10.3 Vehicle
13.10.4 Power Industry
13.10.5 Others
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 Vibration Analysis System Market: Competitive Dashboard
14.2 Global Vibration Analysis System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SKF
14.3.2 GE
14.3.3 SHINKAWA Electric
14.3.4 Rockwell Automation
14.3.5 Siemens
14.3.6 Schaeffler AG
14.3.7 Emerson
14.3.8 Honeywell
14.3.9 National Instruments
14.3.10 Meggitt
14.3.11 SPM Instrument
14.3.12 Fluke
14.3.13 RION
14.3.14 Expert
14.3.15 Instantel
14.3.16 Bruel & Kjaer
14.3.17 Donghua
