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Vibration Monitoring Market by Component (Hardware, Software, and Services), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), Industry, and Geography - Global Forecast to 2023

Vibration Monitoring Market by Component (Hardware, Software, and Services), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), Industry, and Geography - Global Forecast to 2023

“Growing penetration of smart factory fueling growth of vibration monitoring market”
The vibration monitoring market is expected to grow at a CAGR of 6.5% between 2017 and 2023 to reach USD 1.85 billion by 2023, from USD 1.19 billion in 2016. The demand for vibration monitoring solutions increases with the growing adoption of the smart factory to increase the efficiency and productivity of industries. However, additional cost incurred for retrofitting vibration monitoring solutions on existing machinery, and the need for education and training may act as major factors limiting the growth of the vibration monitoring market.

“Growth of vibration monitoring market expected to be driven by oil and gas industry during forecast period”
The oil and gas industry is expected to hold a significant share of the vibration monitoring market during the forecast period. The oil and gas industry uses extremely complex and expensive equipment such as boilers, pumps, generators, and piping network for their operations; these equipment consume a lot of power and generate an equally large amount of heat. Even a minor fault in the equipment may lead to an increase in power consumption and process downtime or trigger the release of powerful gases, leading to an explosion. Thus, vibration monitoring systems are in high demand in the oil and gas industry. Besides oil and gas, other industries that hold a major share in the vibration monitoring market are energy and power, metals and mining, and chemicals, among others.

“Vibration monitoring market in APAC to grow at highest CAGR during forecast period”
The market for vibration monitoring in APAC is expected to grow at the highest CAGR between 2017 and 2023. Rapid industrialization, growing adoption of predictive maintenance tools, and competitive pressure to achieve operational efficiency are fueling the growth of the vibration monitoring market in APAC. The expansion of manufacturing activities as a result of the migration of production bases to Asian countries with low labor costs, such as China, India, and South Korea, is driving the demand for vibration monitoring systems in the region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the vibration monitoring market. Following is the breakup of the primary participants for the report:
• By Company Type: Tier 1 = 50 %, Tier 2 = 30%, and Tier 3 = 20%
• By Designation: C-Level Executives = 60%, Directors = 25%, and Others = 15%
• By Region: North America = 35%, Europe = 25%, APAC = 30%, and RoW = 10%

Moreover, the report profiles the key players in the vibration monitoring market and analyzes their market ranking. The prominent players profiled in this report are SKF AB (Sweden), Emerson Electric Co. (US), General Electric (US), Meggitt PLC (UK), National Instruments Corp. US), Rockwell Automation, Inc. (US), Honeywell International Inc. (US), Schaeffler Technologies AG & Co. KG (Germany), Bruel & Kiaer Sound & Vibration Measurement A/S (Denmark), and Analog Devices Inc.(US), among others.

Research Coverage:
This research report categorizes the vibration monitoring market on the basis of offering, monitoring process, system type, industry, and geography. Moreover, the report provides a description of the major drivers, restraints, challenges, and opportunities pertaining to this market, as well as the value chain analysis and market ranking analysis.

Reasons to Buy the Report
The report would help the leaders/new entrants in the vibration monitoring market in the following ways:
1. The report segments the vibration monitoring market comprehensively and provides the closest market size estimation for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for the vibration monitoring market.
3. The report would help stakeholders understand their competitors better and gain insights to improve their position in the vibration monitoring market. The competitive landscape section describes the competitor ecosystem.


  • INTRODUCTION
    • OBJECTIVES OF STUDY
    • DEFINITION
    • SCOPE OF THE STUDY
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN VIBRATION MONITORING MARKET
    • VIBRATION MONITORING MARKET, BY OFFERING
    • VIBRATION MONITORING MARKET, BY REGION AND INDUSTRY
    • VIBRATION MONITORING MARKET, BY MONITORING PROCESS
    • VIBRATION MONITORING MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table TIMELINE OF VARIOUS MONITORING TECHNIQUES
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
    • REGULATORY STANDARDS
      • AMERICAN PETROLEUM INSTITUTE
      • AMERICAN SOCIETY FOR TESTING AND MATERIALS
      • INTERNATIONAL ORGANIZATION FOR STANDARDIZATION
      • MACHINERY INFORMATION MANAGEMENT OPEN SYSTEM ALLIANCE
  • VIBRATION MONITORING MARKET, BY OFFERING
    • INTRODUCTION
      • Table VIBRATION MONITORING MARKET, BY OFFERING, 2014-2023 (USD MILLION)
    • HARDWARE
      • Table VIBRATION MONITORING MARKET FOR HARDWARE, IN TERMS OF VALUE AND VOLUME, 2014-2023
      • ACCELEROMETERS
      • PROXIMITY PROBES
      • VELOCITY SENSORS
      • TRANSMITTERS
      • OTHERS
        • Table VIBRATION MONITORING MARKET FOR HARDWARE, BY TYPE, 2014-2023 (USD MILLION)
    • SOFTWARE
      • DATA INTEGRATION
      • DIAGNOSTIC REPORTING
      • PARAMETER CALCULATION
    • SERVICES
  • VIBRATION MONITORING MARKET, BY MONITORING PROCESS
    • INTRODUCTION
      • Table VIBRATION MONITORING MARKET, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
    • ONLINE
      • Table ONLINE VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table ONLINE VIBRATION MONITORING MARKET, BY INDUSTRY, 2014-2023 (USD MILLION)
      • Table ONLINE VIBRATION MONITORING MARKET, BY REGION, 2014-2023 (USD MILLION)
    • PORTABLE
      • Table PORTABLE VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table PORTABLE VIBRATION MONITORING MARKET, BY INDUSTRY, 2014-2023 (USD MILLION)
      • Table PORTABLE VIBRATION MONITORING MARKET, BY REGION, 2014-2023 (USD MILLION)
  • VIBRATION MONITORING MARKET, BY SYSTEM TYPE
    • INTRODUCTION
      • Table VIBRATION MONITORING MARKET, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
    • EMBEDDED SYSTEMS
      • Table VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR EMBEDDED SYSTEMS, BY INDUSTRY, 2014-2023 (USD MILLION)
    • VIBRATION ANALYZERS
      • Table VIBRATION MONITORING MARKET FOR VIBRATION ANALYZERS, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR VIBRATION ANALYZERS, BY INDUSTRY, 2014-2023 (USD MILLION)
    • VIBRATION METERS
      • Table VIBRATION MONITORING MARKET FOR VIBRATION METERS, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR VIBRATION METERS, BY INDUSTRY, 2014-2023 (USD MILLION)
  • VIBRATION MONITORING MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table VIBRATION MONITORING MARKET, BY INDUSTRY, 2014-2023 (USD MILLION)
    • OIL AND GAS
      • Table VIBRATION MONITORING MARKET FOR OIL AND GAS, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR OIL AND GAS, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR OIL AND GAS, BY REGION, 2014-2023 (USD MILLION)
    • ENERGY AND POWER
      • Table VIBRATION MONITORING MARKET FOR ENERGY AND POWER, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR ENERGY AND POWER, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR ENERGY AND POWER, BY REGION, 2014-2023 (USD MILLION)
    • METALS AND MINING
      • Table VIBRATION MONITORING MARKET FOR METALS AND MINING, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR METALS AND MINING, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR METALS AND MINING, BY REGION, 2014-2023 (USD MILLION)
    • CHEMICALS
      • Table VIBRATION MONITORING MARKET FOR CHEMICALS, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR CHEMICALS, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR CHEMICALS, BY REGION, 2014-2023 (USD MILLION)
    • AUTOMOTIVE
      • Table VIBRATION MONITORING MARKET FOR AUTOMOTIVE, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR AUTOMOTIVE, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR AUTOMOTIVE, BY REGION, 2014-2023 (USD MILLION)
    • AEROSPACE AND DEFENSE
      • Table VIBRATION MONITORING MARKET FOR AEROSPACE AND DEFENSE, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR AEROSPACE AND DEFENSE, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR AEROSPACE AND DEFENSE, BY REGION, 2014-2023 (USD MILLION)
    • FOOD AND BEVERAGES
      • Table VIBRATION MONITORING MARKET FOR FOOD AND BEVERAGES, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR FOOD AND BEVERAGES INDUSTRY, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR FOOD AND BEVERAGES, BY REGION, 2014-2023 (USD MILLION)
    • MARINE
      • Table VIBRATION MONITORING MARKET FOR MARINE, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR MARINE, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR MARINE, BY REGION, 2014-2023 (USD MILLION)
    • PULP AND PAPER
      • Table VIBRATION MONITORING MARKET FOR PULP AND PAPER INDUSTRY, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR PULP AND PAPER INDUSTRY, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
      • Table VIBRATION MONITORING MARKET FOR PULP AND PAPER, BY REGION, 2014-2023 (USD MILLION)
    • OTHERS
      • CEMENT
      • RAILWAYS
      • SEMICONDUCTOR AND ELECTRONICS
        • Table VIBRATION MONITORING MARKET FOR OTHERS, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET FOR OTHERS, BY SYSTEM TYPE, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET FOR OTHERS, BY REGION, 2014-2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table VIBRATION MONITORING MARKET, BY REGION, 2014-2023 (USD MILLION)
    • NORTH AMERICA
      • US
      • CANADA
      • MEXICO
        • Table VIBRATION MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET IN NORTH AMERICA, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET IN NORTH AMERICA, BY INDUSTRY, 2014-2023 (USD MILLION)
    • EUROPE
      • UK
      • GERMANY
      • FRANCE
      • REST OF EUROPE
        • Table VIBRATION MONITORING MARKET IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET IN EUROPE, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET IN EUROPE, BY INDUSTRY, 2014-2023 (USD MILLION)
    • ASIA PACIFIC (APAC)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF APAC
        • Table VIBRATION MONITORING MARKET IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET IN APAC, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET IN APAC, BY INDUSTRY, 2014-2023 (USD MILLION)
    • REST OF THE WORLD (ROW)
      • MIDDLE EAST
      • SOUTH AMERICA
      • AFRICA
        • Table VIBRATION MONITORING MARKET IN ROW, BY REGION, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET IN ROW, BY MONITORING PROCESS, 2014-2023 (USD MILLION)
        • Table VIBRATION MONITORING MARKET IN ROW, BY INDUSTRY, 2014-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS: VIBRATION MONITORING MARKET, 2016
      • Table VIBRATION MONITORING MARKET: MARKET RANKING ANALYSIS (2016)
    • VIBRATION MONITORING MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING, 2017
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • STRENGTH OF PRODUCT PORTFOLIO
    • BUSINESS STRATEGY EXCELLENCE
    • COMPETITIVE SITUATION AND TRENDS
      • PRODUCT LAUNCHES AND DEVELOPMENTS
        • Table MOST SIGNIFICANT PRODUCT LAUNCHES AND DEVELOPMENTS IN VIBRATION MONITORING MARKET
      • AGREEMENTS AND COLLABORATIONS
        • Table MOST SIGNIFICANT AGREEMENTS AND COLLABORATIONS IN VIBRATION MONITORING MARKET
      • CONTRACTS AND ACQUISITIONS
        • Table MOST SIGNIFICANT AGREEMENTS AND CONTRACTS IN VIBRATION MONITORING MARKET
  • COMPANY PROFILES
    • INTRODUCTION
    • EMERSON ELECTRIC CO.
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • GENERAL ELECTRIC
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • HONEYWELL INTERNATIONAL INC.
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • NATIONAL INSTRUMENTS CORPORATION
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SKF AB
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • ROCKWELL AUTOMATION, INC.
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • MEGGITT PLC
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SCHAEFFLER AG
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • ANALOG DEVICES, INC.
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • BRUEL & KJAER SOUND & VIBRATION MEASUREMENT A/S
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • KEY INNOVATORS
      • AZIMA DLI CORPORATION
      • SPM INSTRUMENT AB
      • FLUKE CORPORATION
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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