Global Vibration Monitoring Market

Vibration Monitoring Market Insights  

The vibrations market is expected to experience an upward rising trend during the forecast period. Vibration monitoring is essential to detect the failure or malfunction in the pumps, fans, and motors. The method is economical and has the potential to improve machinery status and health. The age of data is changing the industrial spaces which also drives the market growth. The vibration analysis has high demand potential in food &beverages,  automotive, and oil &gas industry among others. The growing food & beverage industry in Asia-Pacific, Europe will prove critical for the vibration monitoring market. The advancements in smart technologies, rise in automated data collection will also positively impact the market growth during the forecast period.

Vibration Monitoring Market: By Offering

Based on the offering, the market takes hardware and software into account. The software segment would have a rising growth trend in this market.  The software helps to analyze trends, compare historic results with the current ones, and also ease the cost-benefit analysis. The software helps to serve the customer’s needs by engaging in analysis and offer insights into machine behavior. The hardware segment too would experience lasting growth in the market. Accelerometers and proximity probe are kinds of hardware used to distinguish and measure the vibrations effectively over a wide range and also suitable for high and low-frequency range.

Vibration Monitoring Market: By Monitoring Process

Based on the monitoring process, the market takes online and portable vibration monitoring into account. The online vibration monitoring segment would grow in an upward direction in this market. The method works 24/7 and alarms the engineer in case of faulty and abnormal readings. It works on all machines or either certain machines as per the needs and demands at the moment. The portable segment too would have promising growth during the forecast period owing to flexibility and freedom in measuring the vibrations around the machine at any point of the time.

Vibration Monitoring Market: By System

Based on the system, the market takes embedded systems and vibration analyzers into being. The embedded system will rise in a positive direction during the forecast period. They are critical for the industry because of their analyzing, sensing, and storage features. The vibration analyzers too will have record-breaking growth during the forecast period. They help in recognizing the failure by separating the vibration signals further into frequency components and amplitude.

Vibration Monitoring Market: By Industry

Based on the industry, the market takes marine, oil & gas, automotive, metals &mining, and food & beverages among others. The automotive industry will experience enormous growth patterns during the forecast period. The vibration techniques ensure the proper functioning of the machine basing everything on analyzing and measuring the data trends. The food and beverage industry will also have huge consumption and demand for vibration monitoring in the market. With the rising cost of production in the food and beverage, the detection of faulty parts and machines becomes necessary and critical which works to create demand opportunities for the vibration monitoring techniques in the industry and market space.

Vibration Monitoring Market: By Region

Based on the region, the Asia Pacific will lead the market towards greater market growth owing to the region’s growing automotive, food, and beverage industry and rising demand for data-driven models in all industry verticals.

Market Share and Competitive Analysis

Key players operating in the market include IFM Efector, Inc, Neal Systems, Inc, Tern Technologies, Inc, B&D Technologies, MB Dynamics, Inc, SpotSee, Automac Engineers, Dater Technologies Pvt Ltd, Welan Technologies, Synergy Automation, EMonitoring Technologies, UMD Enterprises, Gaxce Sensors

Please note: This is not an exhaustive list of companies profiled in the report.

In March 2020, ST Microelectronics launched the smart vibration sensing techniques for industry 4.0

Check the Press Release on Global Vibration Monitoring Market Report