Tuesday, April 11, 2017

Most Growing Market Of "Vibration Monitoring System"

Vibration is the rapid back and forth movement in equipment caused by the oscillation of its components such belts, gears, bearings, drive motors, and others. It is inherent and unavoidable in some machines, but most machines are designed to operate without any vibrations.

In these machines, vibration monitoring provides a way to determine where the machine is on the failure curve and to react appropriately to the same. It relies on an assortment of precision technologies and techniques to detect vibrations in machine. Vibration monitoring market can detect faults and machine deterioration before the occurrence of other symptoms such as heat, sound, greater electrical consumption, and lubricant impurities. Therefore, vibration monitoring is an integral part of the machine condition monitoring program.

The global Vibration Monitoring Market is expected to grow at a CAGR of 6.6% between 2015 and 2020, and is projected to grow from $986.59 million in 2014 to $1,453.76 million in 2020.

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This report on vibration monitoring analyzes the vibration monitoring value chain, giving a clear insight into all major and supporting segments of the industry. The market has been segmented on the basis of product types, components, applications, and geography, and provides detailed market size projections in terms of value and volume.

The report also identifies the drivers, restraints, opportunities and challenges, current market trends, winning imperatives, and burning issues of the global vibration monitoring equipment market. Apart from the market segmentation, the report also includes critical market data and qualitative information for each product type along with qualitative analysis, including Porter’s five force analysis, market time-line analysis, market investment analysis, industry breakdown analysis and value chain analysis.

The major players in the Vibration Monitoring Market are Analog Devices, Inc. (U.S), Azima DLI Corporation (U.S), Bruel & Kjaer Sound & Vibration Measurement A/S (Denmark), Emerson Electric Co. (U.S), General Electric Company (U.S.), Honeywell International, Inc. (U.S.), Meggitt PLC (U.K.), National Instruments Corporation (U.S.), Rockwell Automation, Inc. (U.S.), SKF (Sweden), and SPM Instrument (Sweden).

The global Vibration Monitoring Market is expected to grow at a CAGR of 6.6% between 2015 and 2020. The market segmented on the basis of applications, oil & gas is the major application, followed by the energy & power application. On the basis of the geographic analysis, North America is the market leader, followed by Europe.

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