The global Vibration Monitoring market, valued at $1.42 billion in 2020, is projected to reach $2.53 billion by 2028, expanding at a CAGR of 7.40% from 2021 to 2028. This growth is driven by various macro and microeconomic factors, including rapid industrialization, the growing adoption of predictive maintenance tools, and competitive pressures to enhance operational efficiency.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Offering (Hardware, Software)
By System Type (Embedded systems, Vibration meters, Vibration analyzers)
By Monitoring Process (Online, Portable)
By Industry (Oil & Gas, Energy & Power, Metals & Mining, Chemicals, Automotive, Aerospace & Defense, Food & Beverages, Marine, Others)
Key players
Emerson Electric
General Electric
Honeywell International
SKF
National Instruments
Meggitt
Rockwell Automation
Brüel & Kjaer
Analog Devices
Bruel & Kiaer Sound & Vibration Measurement A/S
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