Vibration Monitoring Market worth $2.69 billion by 2029 - Exclusive Report by MarketsandMarkets™

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29273491

Browse in-depth TOC on "Vibration Monitoring Market" 

150 – Tables
70 – Figures
250 – Pages

Vibration Monitoring Market Report Scope:

The market for software segment is expected to gain a significant market share during the forecast period.

Vibration monitoring software also helps the companies to calculate equipment reliability parameters such as rotating speed, vibration frequency, bearing faults, and misalignment. As part of the parameter calculation function, the software systems process the data accumulated by sensors and compare the calculated value with the benchmark value set for the optimum operation of a machine. The software raises a warning for a possible breakdown in case of any difference in the calculated data. This function helps plant operators schedule the maintenance activities to take care of the fault in advance.

Portable vibration monitoring segment is expected to hold significant market share during the forecast period.

Portable vibration monitoring results in cost-savings and long equipment life as it offers flexibility by carrying out route-based vibration monitoring processes. Portable monitoring systems enable monitoring of aging machines through handheld devices. These systems eliminate the requirement of replacing or retrofitting old machinery for manufacturers. Monitoring experts use the data to detect faults by applying various analytics processes such as spectrum comparison, trend analysis, and 3D graph plotting.

The aerospace segment is to grow at an impressive CAGR during the forecast period.

The aerospace industry is one of the significant adopters of vibration monitoring systems and solutions. One of the key challenges for this industry is that any downtime can have a significant impact on the operations of the industry. This leads to increased deployment of vibration monitoring systems and solutions in the aerospace industry for real-time monitoring of assets. Aerospace is a rapidly growing industry, and there is a constant requirement to enhance the reliability of machines to avoid production losses occurring due to machinery breakdowns. In aircraft manufacturing, more than one monitoring technology is used to monitor the condition of critical machines, resulting in the generation of large volumes of data.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=29273491

Asia Pacific is expected to grow at highest CAGR during the forecast period.

The vibration monitoring industry in Asia Pacific has been studied for China, Japan, India, South Korea, Singapore, Malaysia, and the Rest of Asia Pacific. The region is emerging to be the world's most powerful economy owing to the increased spending on improving economic stability. Asia Pacific is witnessing a surge in the deployment of vibration monitoring systems and solutions. China, one of the top manufacturing countries in the world, has been adopting real-time vibration monitoring systems and solutions to increase the operational efficiency and production of its manufacturing plants. The increasing maintenance costs of the manufacturing industry have led companies operating in this industry to adopt advanced technologies, such as predictive maintenance, to optimize maintenance processes and improve operating costs. Vibration monitoring is expected to help manufacturers optimize their operating costs by predicting the failure of critical assets to achieve high efficiency.

Key Players

The key players in the vibration monitoring industry include Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), Parker Hannifin Corp (US) and others.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=29273491

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Machine Condition Monitoring Market Size, Share, Statistics and Industry Growth Analysis Report by Technique (Vibration Monitoring, Thermography, Oil Analysis, Ultrasound Emission), Offering (Vibration Sensors, Infrared Sensors, Spectrometers, Corrosion Probes, Spectrum Analyzers), Region - Global Forecast to 2029

Machine Safety Market Size, Share, Statistics and Industry Growth Analysis Report by Component (Presence detection Sensors, Safety Controllers/Modules/Relays, Programmable Safety Systems, Emergency Stop Controls, Two-Hand Safety Controls), Offering, Industry and Region - Global Growth Driver and Industry Forecast to 2029

NVH Testing Market by Application (Impact Hammer Testing and Powertrain NVH Testing, Sound Intensity Measurement and Sound Quality Testing, Product Vibration Testing), Type (Hardware, Software), Vertical and Region- Global Forecast to 2028

Equipment Monitoring Market by Monitoring Type (Vibration, Thermal, Motor Current, Alarm, GPS), Monitoring Process (Online, Portable), Deployment Type (On-premise, Cloud), Industry (Oil & Gas, Power, Automotive), and Region - Global Forecast to 2023

Test and Measurement Equipment Market Size, Share & Trends Analysis Report by Automated Test Equipment, Spectrum Analyzers, Oscilloscopes, BERT, Modular Instruments, NDT Equipment, Machine Vision Inspection Systems and Machine Condition Monitoring System - Global Forecast to 2029

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/vibration-monitoring-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/vibration-monitoring-equipment.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

SOURCE MarketsandMarkets