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    Research Reports

    Posted By Uma Rajagopal

    Posted on December 3, 2021

    Featured image for article about Research Reports

     

     

    The new report by Expert Market Research titled, ‘Global Vibration Monitoring Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global vibration monitoring market, assessing the market based on its segments like component, system type, monitoring process, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

    Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/vibration-monitoring-market/requestsample

     

    The key highlights of the report include:

     

    Market Overview (2016-2026)

     

    • Historical Market Size (2020): USD 1.39 Billion
    • Forecast CAGR (2021-2026): 6.6%
    • Forecast Market Size (2026): USD 2.04 Billion

     

    Increased awareness of predictive maintenance, increased concern about product safety and functionality, growing acceptance of wireless systems in machine condition monitoring, growing nature of analytical care, high demand from advancing implementations, increasing acceptance of automated condition monitoring technologies, and penetration of the smart home are some of the major factors driving the growth of the global vibration monitoring industry. Rapid industrialisation has increased the demand for vibration monitoring from the end uses sectors as it has given rise to a varied range of applications that uses vibration monitoring. Vibration monitoring is cost-effective in the long run since it can provide a real-time response to changes in asset health conditions, allowing operators to take rapid action. Further, it supports remote condition monitoring and eliminates unnecessary labour, thereby boosting its demand.

     

    Industry Definition and Major Segments

     

    The vibration monitoring market is driven by one of the major components of predictive maintenance, which is vibration monitoring. Steam and gas turbines, pumps, motors, compressors, paper machines, rolling mills, machine tools, and gearboxes are all examples of rotating equipment that employ it. It is utilised to figure out how well these machines work and how well they are maintained. Vibration analysis has a number of advantages, including the ability to detect growing problems before they become too serious and cause unplanned downtime. This can be accomplished by monitoring machine vibrations on a regular basis, either continuously or at predetermined intervals.

     

    Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/vibration-monitoring-market

     

    The major components of vibration monitoring are:

     

    • Hardware
    • Software
    • Services

     

    The major types of vibration monitoring systems are:

     

    • Embedded Systems
    • Vibration Analysers
    • Vibration Metres

     

    On the basis of monitoring process, the industry is divided into:

     

    • Online
    • Portable

     

    The market can be broadly categorised on the basis of its end uses by:

     

    • Energy and Power
    • Metal and Mining
    • Oil and Gas
    • Automotive
    • Food and Beverages
    • Others

     

    On the basis of region, the market is segmented into:

     

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

     

    Market Trends

     

    Research and development for the integration of artificial intelligence (AI) are expected to create lucrative market opportunities. The growth of machine learning and big data analytics, digitisation, and the industrial internet of things (IIoT) to clarify the new growth avenues are to extend profitable opportunities for the growth of the vibration monitoring market. Oil price fluctuations in the global market are another element contributing to the oil and gas industry’s rising demand to decrease operating expenses. As a result, vibration monitoring systems and solutions are projected to be used by this industry in order to preserve the efficient operation of its essential assets and prevent downtime. Oil and gas, electricity generation, mining and metals, and other production-intensive businesses, for example, require 24-hour output. Some equipment failures result in total disaster, significant repair expenses, and a dangerous working environment. As a result, such companies necessitate constant asset and machinery monitoring, making online vibration monitoring ideal for them. Emphasis on plant asset management and the presence of prominent market players contribute to the high demand for vibration monitoring systems globally.

     

    Key Market Players

     

    The major players in the market are SKF AB, General Electrics, Meggitt PLC, Emerson Electric Co., Rockwell Automation INC., and Honeywell International Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

     

    About Us:

     

    Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

     

    At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

     

    Media Contact

     

    Company Name: EMR Inc.
    Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
    Email: [email protected]
    Toll Free Number: +1-415-325-5166 | +44-702-402-5790
    Address: 30 North Gould Street, Sheridan, WY 82801, USA
    City: Sheridan
    State: Wyoming
    Country: United States
    Website: https://www.expertmarketresearch.com

     

    Read More Reports:

     

    Global 3D CAD Software Market: https://www.expertmarketresearch.com/reports/3d-cad-software-market

     

    Global Head-Mounted Display Market: https://www.expertmarketresearch.com/reports/head-mounted-display-market

     

    Global Blockchain Technology Market: https://www.expertmarketresearch.com/reports/blockchain-technology-market

     

    Global Diisononyl Phthalate (DINP) Market: https://www.expertmarketresearch.com/reports/diisononyl-phthalate-dinp-market

     

    Global Noninvasive Neuromodulation Market: https://www.expertmarketresearch.com/reports/noninvasive-neuromodulation-market

     

    Also, Check Procurement Intelligence which provides you with Infallible research solutions.

     

    *We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

     

    Content Source: https://takeitcool.com/global-vibration-monitoring-market-size-share-key-players-demand-growth-analysis-research-report/

     

     

    The new report by Expert Market Research titled, ‘Global Vibration Monitoring Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global vibration monitoring market, assessing the market based on its segments like component, system type, monitoring process, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

    Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/vibration-monitoring-market/requestsample

     

    The key highlights of the report include:

     

    Market Overview (2016-2026)

     

    • Historical Market Size (2020): USD 1.39 Billion
    • Forecast CAGR (2021-2026): 6.6%
    • Forecast Market Size (2026): USD 2.04 Billion

     

    Increased awareness of predictive maintenance, increased concern about product safety and functionality, growing acceptance of wireless systems in machine condition monitoring, growing nature of analytical care, high demand from advancing implementations, increasing acceptance of automated condition monitoring technologies, and penetration of the smart home are some of the major factors driving the growth of the global vibration monitoring industry. Rapid industrialisation has increased the demand for vibration monitoring from the end uses sectors as it has given rise to a varied range of applications that uses vibration monitoring. Vibration monitoring is cost-effective in the long run since it can provide a real-time response to changes in asset health conditions, allowing operators to take rapid action. Further, it supports remote condition monitoring and eliminates unnecessary labour, thereby boosting its demand.

     

    Industry Definition and Major Segments

     

    The vibration monitoring market is driven by one of the major components of predictive maintenance, which is vibration monitoring. Steam and gas turbines, pumps, motors, compressors, paper machines, rolling mills, machine tools, and gearboxes are all examples of rotating equipment that employ it. It is utilised to figure out how well these machines work and how well they are maintained. Vibration analysis has a number of advantages, including the ability to detect growing problems before they become too serious and cause unplanned downtime. This can be accomplished by monitoring machine vibrations on a regular basis, either continuously or at predetermined intervals.

     

    Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/vibration-monitoring-market

     

    The major components of vibration monitoring are:

     

    • Hardware
    • Software
    • Services

     

    The major types of vibration monitoring systems are:

     

    • Embedded Systems
    • Vibration Analysers
    • Vibration Metres

     

    On the basis of monitoring process, the industry is divided into:

     

    • Online
    • Portable

     

    The market can be broadly categorised on the basis of its end uses by:

     

    • Energy and Power
    • Metal and Mining
    • Oil and Gas
    • Automotive
    • Food and Beverages
    • Others

     

    On the basis of region, the market is segmented into:

     

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

     

    Market Trends

     

    Research and development for the integration of artificial intelligence (AI) are expected to create lucrative market opportunities. The growth of machine learning and big data analytics, digitisation, and the industrial internet of things (IIoT) to clarify the new growth avenues are to extend profitable opportunities for the growth of the vibration monitoring market. Oil price fluctuations in the global market are another element contributing to the oil and gas industry’s rising demand to decrease operating expenses. As a result, vibration monitoring systems and solutions are projected to be used by this industry in order to preserve the efficient operation of its essential assets and prevent downtime. Oil and gas, electricity generation, mining and metals, and other production-intensive businesses, for example, require 24-hour output. Some equipment failures result in total disaster, significant repair expenses, and a dangerous working environment. As a result, such companies necessitate constant asset and machinery monitoring, making online vibration monitoring ideal for them. Emphasis on plant asset management and the presence of prominent market players contribute to the high demand for vibration monitoring systems globally.

     

    Key Market Players

     

    The major players in the market are SKF AB, General Electrics, Meggitt PLC, Emerson Electric Co., Rockwell Automation INC., and Honeywell International Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

     

    About Us:

     

    Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

     

    At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

     

    Media Contact

     

    Company Name: EMR Inc.
    Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
    Email: [email protected]
    Toll Free Number: +1-415-325-5166 | +44-702-402-5790
    Address: 30 North Gould Street, Sheridan, WY 82801, USA
    City: Sheridan
    State: Wyoming
    Country: United States
    Website: https://www.expertmarketresearch.com

     

    Read More Reports:

     

    Global 3D CAD Software Market: https://www.expertmarketresearch.com/reports/3d-cad-software-market

     

    Global Head-Mounted Display Market: https://www.expertmarketresearch.com/reports/head-mounted-display-market

     

    Global Blockchain Technology Market: https://www.expertmarketresearch.com/reports/blockchain-technology-market

     

    Global Diisononyl Phthalate (DINP) Market: https://www.expertmarketresearch.com/reports/diisononyl-phthalate-dinp-market

     

    Global Noninvasive Neuromodulation Market: https://www.expertmarketresearch.com/reports/noninvasive-neuromodulation-market

     

    Also, Check Procurement Intelligence which provides you with Infallible research solutions.

     

    *We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

     

    Content Source: https://takeitcool.com/global-vibration-monitoring-market-size-share-key-players-demand-growth-analysis-research-report/

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