2018-2023 Global Vibration Monitoring Equipment Consumption Market Report
In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Vibration Monitoring Equipment market for 2018-2023.
Vibration monitoring equipment is special equipment which can record and store the mechanical vibration and shock signal. It is typically defined as a means of preventing catastrophic failure in critical rotating machinery - such as power generation plant, larger pumps and main arterial conveying systems - and providing the data needed to accurately determine the optimal schedule for maintenance activities on this plant.
In the coming years there is an increasing demand for Vibration Monitoring Equipment in the regions of US and Europe that is expected to drive the market for more advanced Vibration Monitoring Equipment. Increasing of chemical industry fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on machinery manufacturing industry, retrofitting and renovation of old technology, increasing adoption of Vibration Monitoring Equipment will drive growth in United States and Europe markets.
Globally, the Vibration Monitoring Equipment industry market is low concentrated as the manufacturing technology of Vibration Monitoring Equipment is relatively matures than some high-tech equipment. And some enterprises, like SKF, GE, Rockwell Automation, etc. are well-known for the wonderful performance of their Vibration Monitoring Equipment and related services. At the same time, United States, occupied 38.86% production market share in 2015, is remarkable in the global Vibration Monitoring Equipment industry because of their market share and technology status of Vibration Monitoring Equipment.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
Over the next five years, LPI(LP Information) projects that Vibration Monitoring Equipment will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Vibration Monitoring Equipment market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Offline Vibration Monitoring Equipment
Online Vibration Monitoring Equipment
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Bruel & Kjaer
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Vibration Monitoring Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Vibration Monitoring Equipment market by identifying its various subsegments.
Focuses on the key global Vibration Monitoring Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Vibration Monitoring Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Vibration Monitoring Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.