Global Vibration Monitoring Market Size (Volume and Value) And Growth to 2026 Shared in Most recent Research
Selbyville, Delaware, United States, October 7 2020 (Wiredrelease) Global Market Insights, Inc –:Vibration monitoring market is anticipated to witness a lucrative growth rate in the forthcoming years, propelled by penetration of smart factories in key regions. Vibration monitoring is the method of monitoring machinery to identify vibrations that might specify a malfunction, process restriction, or developing failure. It is considered a key component of predictive maintenance. By correctly monitoring the critical equipment, it can further prevent unscheduled outages, it can diminish repair and maintenance costs, and can also optimize the machine performance.
Vibration monitoring chiefly applies to machines which rotate – like compressors, turbines, pumps, fans, and motors. In addition to this, by installing vibration detection equipment like seismic sensors or alignment sensors, users can start a baseline value as well as monitor for variations from that particular baseline. If any irregularities are detected, appropriate steps could be taken prior to failure of the machinery. Also, analyzing vibration metrics permits teams to detect any loosely connected components, misalignment, or bearing wear in devices before failure.
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As per the system landscape, portable type of vibration meters provide the freedom and ability to measure vibration at any given point on an equipment. Sometimes just a simple equipment is needed to ensure that the machine is working within tolerance.
A vibration analyzer is utilized for inspection and testing in construction sites, manufacturing production services, product development laboratories, and more. It tends to measure the vibration for the preventive maintenance of manufacturing machinery. It is further used to measure the axis of rotation of machine. The rotor might be replaced during the scheduled interruption of the machinery, if there seems to be a rotating imbalance. Additionally, it is considered an irreplaceable tool for the professional on the job. Each of the equipment is capable of carrying out the demanding job irrespective of the technical issue at hand.
The vibration monitoring market is segmented in terms of product, monitoring process, system, application, and regional landscape.
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In terms of application, the overall vibration monitoring market is categorized into chemicals, oil & gas, food & beverages, automotive, energy & power, metals & mining, and others. Among these, the market share for chemicals was over 5% in 2019 with the growing adoption of wireless monitoring systems in rotating machines and pipelines.
From a regional frame of reference, Middle East & Africa vibration monitoring market witnessed a growth rate of nearly 10% in 2019 due to the presence of several oil reservoirs in the region.
TABLE OF CONTENTS:
Chapter 3. Vibration Monitoring Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 – 2026
3.3. Impact analysis of coronavirus (COVID-19) pandemic on vibration monitoring market
3.3.1. Global outlook
3.3.2. Impact by region
220.127.116.11. North America
18.104.22.168. Asia Pacific
22.214.171.124. Latin America
3.3.3. Industry value chain
126.96.36.199. Research and development
3.3.4. Competitive landscape
188.8.131.52. Distribution network
184.108.40.206. Business growth
3.4. Industry ecosystem analysis
3.4.1. Raw material and component supplier
3.4.3. Software providers
3.4.5. Vendor matrix
3.5. Technology & innovation landscape
3.5.1. Integration of AI in vibration monitoring
3.6. Regulatory landscape
3.6.1. North America
3.6.3. Asia Pacific
3.6.4. Latin America
3.7. Industry impact forces
3.7.1. Growth drivers
220.127.116.11. Rising integration of secure cloud computing platform
18.104.22.168. Growing adoption of wireless technology
22.214.171.124. Proliferation of Industrial 4.0 and smart factories
126.96.36.199. Industrial Internet of Things (IIoT) to stretch new growth opportunities
188.8.131.52. Increasing disposition towards predictive maintenance
3.7.2. Industry pitfalls and challenges
184.108.40.206. High initial cost involved in installation of vibration monitoring system
220.127.116.11. Lack of skilled professional for data analysis
3.8. Growth potential analysis
3.9. Porter’s analysis
3.9.1. Industry rivalry
3.9.2. Threat of new entrants
3.9.3. Buyer power
3.9.4. Supplier power
3.9.5. Threat of substitutes
3.10. Competitive landscape, 2019
3.10.1. Company market share
3.10.2. Strategy dashboard
3.11. PESTEL analysis
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