Global Vibration Meter Market 2019-2023
About this market
Vendors offering condition monitoring features in vibration meters to drive market growth. Most of the vibration meters are used for instantaneous reading of vibration levels in a machine. Therefore, experienced maintenance personnel or third-party service providers, based on their experience, can draw insights from indicated vibration patters and sound. Some of the vibration meters are also available with data loggers to record vibration patterns. Technavio’s analysts have predicted that the vibration meter market will register a CAGR of close to 5% by 2023.
Increasing use of vibration meters for maintenance of buildings and civil structures
Vibration analysis of some of the buildings and civil structures is essential. Buildings that are close to construction sites, railway tracks, and mines require vibration analysis at regular intervals. This would help owners in identifying vibration levels in different parts of a building. This also helps in the identification of parts of the building that are at high risk of vibration.
Declining demand for reciprocating machineries
Reciprocating machines are used in industrial engines and compressors. Reciprocating machines require more frequent monitoring of vibration patterns than centrifugal machines due to excessive wear and tear in the former. This is increasing the use of centrifugal turbines and compressors. The demand for reciprocating machines is declining.
For the detailed list of factors that will drive and challenge the growth of the vibration meter market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including SKF and SPM Instrument the competitive environment is quite intense. Factors such as the vendors offering condition monitoring features in vibration meters and the increasing use of vibration meters for maintenance of buildings and civil structures, will provide considerable growth opportunities to vibration meter manufactures. Amphenol, FLIR Systems, Fortive, Kanomax Japan, SKF, and SPM Instrument are some of the major companies covered in this report.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook