Vibration Monitoring Market Development Analysis 2024 to 2032.
Market Overview
According to MRFR analysis, The size of vibration monitoring market is expected to reach USD 1.5 Billion by forecast 2030, with a CAGR of 6.5% during the forecast period. The worldwide vibration monitoring market's growth is primarily being driven by the widespread use of vibration monitoring systems in various industrial sectors as a significant component of their safety features during the assessment period. The enormous rise of the manufacturing and other industries brought on by quick industrialization and globalisation is driving the expansion of the vibration monitoring market globally. The advantages of vibration monitoring systems for spotting equipment faults and deterioration before they manifest other symptoms like lubricant impurity, high energy consumption, and others are fueling demand for advanced vibration monitoring systems and driving the growth of the global vibration monitoring market.
Segmental Analysis
The component, system type, and end-user segments of the worldwide vibration monitoring market have been established. The vibration monitoring market has been divided into hardware and software based on component. Transmitters, accelerometers, proximity probes, velocity sensors, and other devices are included in the hardware segment. Services and other subsegments have been created within the software segment. The worldwide vibration monitoring system has been divided into vibration analyzers, embedded systems, vibration metres, and other systems based on system type. The global market for vibration monitoring has been divided into segments for the automotive, metal and mining, food and beverage, chemicals, oil and gas, and others based on end-users.
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Key Players
The major players profiled by MRFR that are operating in the global vibration monitoring market are Honeywell International Inc. (the U.S.), Emerson Electric Co. (the U.S.), General Electric (the U.S.), Analog Devices Inc. (the U.S.), SKF AB (Sweden), National Instruments Corp. (the U.S.), Rockwell Automation, Inc. (the U.S.), Schaeffler Technologies AG & Co. KG (Germany), Bruel & Kiaer Sound & Vibration Measurement A/S (Denmark), and Meggitt PLC (the U.K.), and others.
