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Global Study on Vibration Monitoring Systems Market, 2015 - 2021: Persistence Market Research

Persistence Market Research Pvt. Ltd has released a new forthcoming report on "Vibration Monitoring Systems Market: Global Industry Analysis and Forecast 2015 - 2021."

New York, NY, October 25, 2015 --( Vibration Monitoring Systems Market: Overview

Vibration is a common phenomenon occurring in machines and equipment. Vibration is nothing but a rapid back and forth movement produced in an equipment due to the oscillation of its components such as gears, belts, drive motors, bearings, and such. Although, it is unavoidable and inherent in certain machines, a majority of the machines are designed to function absent of any vibrations. In such machines, vibration monitoring aids in determining as to where the machine is on the failure curve and thus react appropriately to the same.

The process of vibration monitoring depends on an assortment of precision techniques and technologies for detecting vibrations in the machine. Vibration monitoring market aids in detecting faults in the machine and also gives an indication of machine deterioration before the occurrence of other symptoms such as lubricant impurities, high electrical consumption, heat, and sound, etc.

Owing to the above stated reasons, vibration monitoring is an integral feature of the machine condition monitoring program. The global vibration monitoring systems market is anticipated to grow at a CAGR of more than 6% between 2015 and 2025.

Vibration Monitoring Systems Market: Segmentation

The global vibration monitoring systems market is segmented on the basis of product type, component, end-use industry, and regions.

On the basis of product type, the global vibration monitoring systems market is segmented into: portable and non-portable devices

The global vibration monitoring systems market is segmented on the basis of component as: proximity probe, accelerometer, and others

On the basis of end-use industry, the global vibration monitoring systems market is segmented into: power industry, oil and gas industry, aerospace and defense industry, food processing industry, steel industry, paper industry, chemical industry, and automotive industry etc.

Region wise, the global vibration monitoring systems market is segmented as: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific (APEJ), Japan, and MEA

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Vibration Monitoring Systems Market: Drivers

The growing need to decrease plant operating cost across a number of industrial domains is one of the key factors driving the global vibration monitoring systems market. With increasing competition in the global vibration monitoring systems market, plant maintenance costs and rising energy expenditures, the demand for vibration monitoring systems is growing with a purpose of optimizing the maintenance budgets and reducing the pressure on operating expenses.

Moreover, the rising capital investments in various industries such as metals, chemicals, petrochemicals, heavy equipment manufacturing, pulp and paper, etc. is influencing a positive growth of the global vibration monitoring systems market

Also, the need for avoiding the unnecessary maintenance costs and catastrophic breakdowns in varied production processes is anticipated to drive the demand of the global vibration monitoring systems market

Furthermore, the introduction of advanced low-cost vibration monitoring equipment which are integrated with direct communication procedures, fast processing functions and the availability of automation software foresee tremendous growth for the market in future.

Vibration Monitoring Systems Market: Key Players

Some of the key players identified in the global vibration monitoring systems market are Azima DLI Corporation, Analog Devices, Emerson Electric Co., IncBruel & Kjaer Sound & Vibration Measurement A/S, Honeywell International, Inc., National Instruments Corporation, Inc., PCB Piezotronics Inc., General Electric Company, Rockwell Automation, Meggitt PLC, SKF, Data Physics Corporation, and SPM Instrument

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Persistence Market Research (PMR) is an innovative provider of market research reports and consulting services. The three PMR pillars of strength that have helped us win clients for years are: Quality Research, Quick Research, and In-depth Research.

PMR’s team of seasoned analysts and consultants are experts in their domain. At PMR, we process complex, exhaustive primary and secondary research data into valuable insight. We understand that each client has a unique problem statement, and address it with our strengths.
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