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Global Vibration Monitoring Market: By Component: Hardware, Software, Services; By System Type: Embedded Systems, Vibration Analysers, Vibration Meters; By Monitoring Process; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Vibration Monitoring Market Outlook

The global vibration monitoring market attained a value of about USD 1.39 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 6.6% to reach nearly USD 2.04 billion by 2026.

 

Rising Demand from the Oil and Gas Sector to Boost the Vibration Monitoring Industry

The oil and gas industry accounted for a significant share of the vibration monitoring industry in 2020. This could be attributed to the fluctuations in oil prices in the global market, which is contributing to the rising pressure on the oil and gas industry to reduce its operating costs. Thus, it is expected that the oil and gas industry is likely to adopt vibration monitoring systems and solutions to sustain the efficient working of its critical assets and decrease downtime. The overall rhythm of machine condition monitoring enables uninterrupted operations of machinery with minimised downtime; this helps reduce maintenance costs and increases the productivity of the machinery. The rising adoption of vibration monitoring is expected to boost the market growth of the forecast period.

 

Vibration Monitoring: Industry Definition and Segmentation

Vibration monitoring is a system that uses sensors to monitor the movements of machines. Vibration monitoring systems use accelerometers to measure differences in amplitude, intensity, frequency vibration level, recording length, recording intervals of forces that can cause damage to assets. It is used mainly on rotating equipment such as steam and gas turbines, pumps, motors, compressors, and paper machines, among others. 

The major components of vibration monitoring are:

  • Hardware
  • Software
  • Services

The major types of vibration monitoring systems are:

  • Embedded Systems
  • Vibration Analysers
  • Vibration Meters

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

The EMR report looks into the regional markets of vibration monitoring like North America, Europe,  the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand from the Production-Intensive Industries to Augment the Market Growth of Vibration Monitoring

Rapid industrialisation has increased the demand for vibration monitoring from the end uses sectors as it has given rise to a wide range of applications that uses vibration monitoring. The usage of vibration monitoring is cost-effective in the long run as it can show a real-time reaction to the change of health conditions of assets, making it feasible for the operators to take immediate action. Further, it supports remote condition monitoring and eliminates unnecessary labour, thereby boosting its demand. In addition to this, vibration monitoring has well-established processing and signal analysis algorithms for predictive maintenance, which makes machines more durable and efficient. It is also supported by various sensors commercially available for different operational conditions. All these factors are boosting the demand for vibration monitoring, thereby facilitating the market growth.

In production-intensive industries, such as oil and gas, power generation, and mining and metals, among others, 24-hour production is required. Failure of some devices leads to complete disaster, high repair costs, and an unsafe work environment. Thus, such industries require continuous monitoring of assets and machinery, making online vibration monitoring best for them. Therefore, the demand for vibration monitoring will likely go up, further boosting the market growth.

 

Key Industry Players in the Global Vibration Monitoring Market

The report presents a detailed analysis of the following key players in the global vibration monitoring market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • SKF AB
  • General Electrics
  • Meggitt PLC
  • Emerson Electric Co.
  • Rockwell Automation INC.
  • Honeywell International Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Vibration Monitoring Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Vibration Monitoring Historical Market (2016-2020) 
    8.3    Global Vibration Monitoring Market Forecast (2021-2026)
    8.4    Global Vibration Monitoring Market by Component
        8.4.1    Hardware 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Services
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Vibration Monitoring Market by System Type
        8.5.1    Embedded Systems  
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Vibration Analysers
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Vibration Meters 
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
    8.6    Global Vibration Monitoring Market by Monitoring Process
        8.6.1    Online   
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Portable
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Vibration Monitoring Market by End Use 
        8.7.1    Energy and Power 
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Metal and Mining 
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Oil and Gas 
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Automotive 
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Food and Beverages 
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Others
    8.8    Global Vibration Monitoring Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    SKF AB 
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    General Electrics
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Meggitt PLC 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4     Emerson Electric Co.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Rockwell Automation INC. 
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6     Honeywell International Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Vibration Monitoring Market: Key Industry Highlights, 2016 and 2026
2.    Global Vibration Monitoring Historical Market: Breakup by Component (USD Billion), 2016-2020
3.    Global Vibration Monitoring Market Forecast: Breakup by Component (USD Billion), 2021-2026
4.    Global Vibration Monitoring Historical Market: Breakup by System Type (USD Billion), 2016-2020
5.    Global Vibration Monitoring Market Forecast: Breakup by System Type (USD Billion), 2021-2026
6.    Global Vibration Monitoring Historical Market: Breakup by Monitoring Process (USD Billion), 2016-2020
7.    Global Vibration Monitoring Market Forecast: Breakup by Monitoring Process (USD Billion), 2021-2026
8.    Global Vibration Monitoring Historical Market: Breakup by End Use (USD Billion), 2016-2020
9.    Global Vibration Monitoring Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10.    Global Vibration Monitoring Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Vibration Monitoring Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Vibration Monitoring Market Structure

Key Questions Answered in the Report

In 2020, the global vibration monitoring market attained a value of nearly USD 1.39 billion.

The market is projected to grow at a CAGR of 6.6% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 2.04 billion by 2026.

The market is being driven by the rapid industrialisation, rising demand from the end use sectors, and increasing applications.

The market is expected to be driven by the emergence of online vibration monitoring and rising technological advancements in the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major components of vibration monitoring are hardware, software, and services.

The significant system types in the industry are embedded systems, vibration analysers, and vibration meters.

The different monitoring processes available in the industry are online and portable.

The various end uses of vibration monitoring are energy and power, metal and mining, oil and gas, automotive, and food and beverages, among others.

The major players in the industry are SKF AB, General Electrics, Meggitt PLC, Emerson Electric Co., Rockwell Automation INC., and Honeywell International Inc., among others.

Analyst Review

The global vibration monitoring market attained a value of nearly USD 1.39 billion in 2020, driven by rising demand from the end use sectors. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6.6%. The market is projected to reach about USD 2.04 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of components, the vibration monitoring industry is segmented into hardware, software, and services. Based on system types, the industry can be segmented into embedded systems, vibration analysers, vibration meters. By monitoring process, the industry is bifurcated into online and portable. On the basis of end uses, the industry is divided into energy and power, metal and mining, oil and gas, automotive, and food and beverages, among others. The major regional markets for vibration monitoring are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include SKF AB, General Electrics, Meggitt PLC, Emerson Electric Co., Rockwell Automation INC., and Honeywell International Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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