Press release
Vibration Meter Market Expansion Projected to Gain an Uptick During 2017 - 2025
The major driving factors of the vibration meter market are such as, transportation industry, electrical equipment industry, agriculture industry, electrical tool industry and power industry. In transportation industry vibration meters is being used for making of transportation equipment. In electrical equipment’s industry, it is used in making fans, tachometers and in various motors. The agriculture industry is also a major driving factor due to the great usage of vibration meters in various pumps and in the water supplying motors. Vibration meters are also used in power industry in making of power tools. Some restraining factors of vibration meters are such as, it requires external power for operating high capacity tools, and it also requires electronic integration for the displacement.
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Another major restraining factor is electrical and mechanical noise. Some opportunities in the vibration meter are such as.The automotive industry, in this industry vibration meters, can be used for controlling the gear movement and engagement. Vibration meters can be used for monitoring turbines and compressors. There is also great opportunity in equipment shock, pulsation check and in conveyors. Some latest trends in the vibration market are such as, vibration meters come with an option for internal or external accelerometer, automatic power off, four-level scale indicates the severity of problems for overall vibration and bearing condition, large screen with high resolution for easy navigation and viewing and flashlight for viewing measurement locations in dark areas
Regarding geography, vibration meter market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Vibration meter market is expected to register healthy CAGR during the forecast period due to high demand of electric equipment’s, in chemical processing, in an automotive and in various other industries. In terms of regions, North America accounts for the significant share of vibration meter market, owing to the high growth and demand for motors and turbines in the region as compared to other developed regions and it holds the major share in the global vibration meter market in terms of production and revenue sharing. Followed by North America, APEJ and Latin America are expected to grow relatively at a higher CAGR during the forecast period since the use of, vibration meter improves the various operations in many industries. The global vibration meter market in Japan is well established and expected to grow at average CAGR over the forecast period. Europe and MEA are expected to expand at sluggish growth rate due to very high population in this region.
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In Asia-Pacific, the growth of the vibration meter is significantly high and with comparatively high CAGR in forecast period owed to factors such as such as rapid economic development, globalization and increasing demand of the vibration meter in power industry and its sub-verticals, and high usage of the vibration meter in oil &gas and automotive industry. Also, Over the forecast period, Asia-Pacific market for is anticipated to grow significantly owing to the growth of vibration meter industry in the region. Overall, the global market for vibration meter is expected to grow significantly by the end of forecast period.
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