Reports
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 (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Vibration Monitoring Market Outlook
The global vibration monitoring market attained a value of about USD 1.58 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.6% to reach nearly USD 2.32 billion by 2028.
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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: Market 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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, System Type, Monitoring Process, End Use, Region |
| Breakup by Component | Hardware, Software, Services |
| Breakup by System Type | Embedded Systems, Vibration Analysers, Vibration Meters |
| Breakup by Monitoring Process | Online, Portable |
| Breakup by End Use | Energy and Power, Metal and Mining, Oil and Gas, Automotive, Food and Beverages, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | SKF AB, General Electrics, Meggitt PLC, Emerson Electric Co., Rockwell Automation INC., Honeywell International Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Vibration Monitoring Market Analysis
8.1 Key Industry Highlights
8.2 Global Vibration Monitoring Historical Market (2018-2022)
8.3 Global Vibration Monitoring Market Forecast (2023-2028)
8.4 Global Vibration Monitoring Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Vibration Monitoring Market by System Type
8.5.1 Embedded Systems
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Vibration Analysers
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Vibration Meters
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Vibration Monitoring Market by Monitoring Process
8.6.1 Online
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Portable
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Vibration Monitoring Market by End Use
8.7.1 Energy and Power
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Metal and Mining
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Oil and Gas
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Automotive
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Food and Beverages
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
8.7.6 Others
8.8 Global Vibration Monitoring Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Vibration Monitoring Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Vibration Monitoring Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Vibration Monitoring Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Vibration Monitoring Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Vibration Monitoring Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 SKF AB
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 General Electrics
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Meggitt PLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Emerson Electric Co.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Rockwell Automation INC.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Honeywell International Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vibration Monitoring Market: Key Industry Highlights, 2018 and 2028
2. Global Vibration Monitoring Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global Vibration Monitoring Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global Vibration Monitoring Historical Market: Breakup by System Type (USD Billion), 2018-2022
5. Global Vibration Monitoring Market Forecast: Breakup by System Type (USD Billion), 2023-2028
6. Global Vibration Monitoring Historical Market: Breakup by Monitoring Process (USD Billion), 2018-2022
7. Global Vibration Monitoring Market Forecast: Breakup by Monitoring Process (USD Billion), 2023-2028
8. Global Vibration Monitoring Historical Market: Breakup by End Use (USD Billion), 2018-2022
9. Global Vibration Monitoring Market Forecast: Breakup by End Use (USD Billion), 2023-2028
10. Global Vibration Monitoring Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Vibration Monitoring Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Vibration Monitoring Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Vibration Monitoring Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Vibration Monitoring Market Structure
Key Questions Answered in the Report
In 2022, the market attained a value of approximately USD 1.58 billion.
The market is projected to grow at a CAGR of 6.6% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 2.32 billion by 2028.
The market is being driven by the rapid industrialisation, rising demand from end use sectors, and increasing applications of vibration monitoring.
The key trends of the market include the emergence of online vibration monitoring and increasing technological advancements in the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading components of vibration monitoring are hardware, software, and services.
The significant system types in the market are embedded systems, vibration analysers, and vibration meters.
The different monitoring processes available in the market 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 key players in the global vibration monitoring market 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 1.58 billion in 2022, 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 2023-2028, growing at a CAGR of 6.6%. The market is projected to reach about USD 2.32 billion by 2028.
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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