Market Overview:
The global offline vibration monitoring equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for offline vibration monitoring equipment from various end-use industries, such as machinery manufacturing, chemical industry, vehicle, electric power and others. In addition, the growing awareness about the benefits of using offline vibration monitoring equipment is also contributing to the growth of this market. Offline vibration monitoring equipment are used for detecting and diagnosing problems with machines or other systems that are in operation. These devices help identify issues at an early stage so that they can be fixed before they cause any major damage or disruption to operations. Offline vibration monitoring equipment are available in two types: handheld and stand-alone units. Handheld units are small and portable devices that can be carried around easily by operators for use in field inspections.
Product Definition:
Offline vibration monitoring equipment is used to monitor the vibrations of a machine or system while it is not in operation. This type of monitoring can help to identify potential problems with the machine or system before it is put into use. Offline vibration monitoring equipment can also be used to track the progress of repairs or maintenance work on a machine.
Handheld:
Handheld devices are used for vibration monitoring in the offline vibration monitoring equipment market. They are also known as mobile devices or portable instruments. The growth factor for handheld device is its portability and ease of use, which makes it an ideal tool to monitor vibrations at a workplace or on-site location.
Stand:
The global Stand and it's usage in Offline Vibration Monitoring Equipment market size was valued at USD 6.5 million in 2016. The increasing demand for oil & gas exploration, mining, construction equipment and heavy machinery is expected to drive the growth of this market over the forecast period.
Stand-alone systems are used to measure vibration characteristics of structures such as bridges, buildings or other industrial equipment without any connected networks or sensors.
Application Insights:
The machinery manufacturing segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for advanced equipment that helps manufacturers in detecting vibration problems before they occur. These solutions help detect critical damage early, enabling quick repair processes, which are likely to propel their demand further over the coming years.
The electric power industry is also anticipated to witness significant growth owing to rising need for efficient power generation and transmission systems across various regions of the world. In addition, growing concerns regarding reliability issues with respect to new technologies such as automation are likely drive product demand from this sector as well.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing market for offline vibration monitoring equipment, registering a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing industrial activities in countries such as China and India owing to their large population coupled with rapid economic development. Furthermore, rising demand for consumer goods along with expanding manufacturing sector will drive the market further.
The Asia Pacific region is home to several emerging economies that are now part of the global supply chain network; thus they have become more susceptible towards product defects caused by incorrect machine setting or inadequate lubrication which may lead into serious operational problems at any time. Offline vibration monitoring equipment helps prevent such situations from occurring and thereby reducing maintenance costs associated with machinery over the life cycle of a product as well as lost production time due to unavailability of resources (machinery).
Growth Factors:
- Increasing demand for industrial safety and security
- Growing awareness about the benefits of vibration monitoring equipment
- Rising investments in manufacturing and infrastructure sectors
- Proliferation of internet of things (IoT) and big data analytics technologies
- Emergence of Industry 4.0
Scope Of The Report
Report Attributes
Report Details
Report Title
Offline Vibration Monitoring Equipment Market Research Report
By Type
Handheld, Stand
By Application
Machinery Manufacturing, Chemical Industry, Vehicle, Electric Power, Others
By Companies
SKF, GE, Rockwell Automation, Emerson, Schaeffler AG, Honeywell, SHINKAWA Electric, National Instruments, Meggitt, SPM Instrument, Fluke(Danaher), Siemens, RION, Expert, Instantel
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Offline Vibration Monitoring Equipment Market Report Segments:
The global Offline Vibration Monitoring Equipment market is segmented on the basis of:
Types
Handheld, Stand
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
Machinery Manufacturing, Chemical Industry, Vehicle, Electric Power, 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
- Rockwell Automation
- Emerson
- Schaeffler AG
- Honeywell
- SHINKAWA Electric
- National Instruments
- Meggitt
- SPM Instrument
- Fluke(Danaher)
- Siemens
- RION
- Expert
- Instantel
Highlights of The Offline Vibration Monitoring Equipment 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:
- Handheld
- Stand
- By Application:
- Machinery Manufacturing
- Chemical Industry
- Vehicle
- Electric Power
- 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 Offline Vibration Monitoring Equipment 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Offline vibration monitoring equipment is a type of equipment used to measure the vibration levels of an object or system in order to identify potential problems.
Some of the key players operating in the offline vibration monitoring equipment market are SKF, GE, Rockwell Automation, Emerson, Schaeffler AG, Honeywell, SHINKAWA Electric, National Instruments, Meggitt, SPM Instrument, Fluke(Danaher), Siemens, RION, Expert, Instantel.
The offline vibration monitoring equipment market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Offline Vibration Monitoring Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Offline Vibration Monitoring Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Offline Vibration Monitoring Equipment Market - Supply Chain
4.5. Global Offline Vibration Monitoring Equipment Market Forecast
4.5.1. Offline Vibration Monitoring Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Offline Vibration Monitoring Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Offline Vibration Monitoring Equipment Market Absolute $ Opportunity
5. Global Offline Vibration Monitoring Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Type
5.3.1. Handheld
5.3.2. Stand
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Offline Vibration Monitoring Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Application
6.3.1. Machinery Manufacturing
6.3.2. Chemical Industry
6.3.3. Vehicle
6.3.4. Electric Power
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Offline Vibration Monitoring Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Offline Vibration Monitoring Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Offline Vibration Monitoring Equipment Demand Share Forecast, 2019-2026
9. North America Offline Vibration Monitoring Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Application
9.4.1. Machinery Manufacturing
9.4.2. Chemical Industry
9.4.3. Vehicle
9.4.4. Electric Power
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Type
9.7.1. Handheld
9.7.2. Stand
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Offline Vibration Monitoring Equipment Demand Share Forecast, 2019-2026
10. Latin America Offline Vibration Monitoring Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Application
10.4.1. Machinery Manufacturing
10.4.2. Chemical Industry
10.4.3. Vehicle
10.4.4. Electric Power
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Type
10.7.1. Handheld
10.7.2. Stand
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Offline Vibration Monitoring Equipment Demand Share Forecast, 2019-2026
11. Europe Offline Vibration Monitoring Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Application
11.4.1. Machinery Manufacturing
11.4.2. Chemical Industry
11.4.3. Vehicle
11.4.4. Electric Power
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Offline Vibration Monitorig Equipment Market Size and Volume Forecast by Type
11.7.1. Handheld
11.7.2. Stand
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Offline Vibration Monitoring Equipment Demand Share, 2019-2026
12. Asia Pacific Offline Vibration Monitoring Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Application
12.4.1. Machinery Manufacturing
12.4.2. Chemical Industry
12.4.3. Vehicle
12.4.4. Electric Power
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Type
12.7.1. Handheld
12.7.2. Stand
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Offline Vibration Monitoring Equipment Demand Share, 2019-2026
13. Middle East & Africa Offline Vibration Monitoring Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Offline Vibration Monitoring Equipment Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Application
13.4.1. Machinery Manufacturing
13.4.2. Chemical Industry
13.4.3. Vehicle
13.4.4. Electric Power
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Offline Vibration Monitoring Equipment Market Size and Volume Forecast by Type
13.7.1. Handheld
13.7.2. Stand
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Offline Vibration Monitoring Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Offline Vibration Monitoring Equipment Market: Market Share Analysis
14.2. Offline Vibration Monitoring Equipment Distributors and Customers
14.3. Offline Vibration Monitoring Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SKF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rockwell Automation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Emerson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schaeffler AG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Honeywell
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SHINKAWA Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. National Instruments
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Meggitt
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SPM Instrument
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fluke(Danaher)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Siemens
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. RION
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Expert
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Instantel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
