Vibration Monitoring Market Valued at $1.50 Billion in 2023, Projected to Reach $2.68 Billion by 2030 with an 8.7% CAGR

Vibration Monitoring Market size was valued at US$ 1.50 Billion in 2023 and the total revenue is expected to grow at 8.7% from 2024 to 2030, reaching nearly US$ 2.68 Billion.

Vibration Monitoring Market Overview:

A vibration monitoring system is a comprehensive system that can acquire vibration data based on previously decided variables e.g. sampling frequency, vibration intensity, recording duration, recording periods, and frequency wideband. The system is supposed to analyze the captured vibration and convert the data into easy-to-understand indicators for equipment operators, maintenance personnel, and asset owners. The framework should not conflict with the regular functioning of the equipment or configurations being observed, and the device's advantages should outweigh the cost of implementation. The report on Vibration Monitoring Market provides you segment wise by process, offering, system, industry and region.

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Vibration Monitoring Market Dynamics:

The growing demand for remote monitoring operations after the COVID-19 outbreak is a major driver of the vibration monitoring market. Plant closures and supply chain interference have affected the manufacturing and process sectors throughout the world. Physical separation rules and limits on crowd mobility have also had an impact on the functioning of numerous enterprises. As a consequence of these steps, production and industrial plants now demand distant monitoring and effective control. Because of the financial downturn, firms in several sectors chose not to adopt modern vibration monitoring equipment because of the economic drawback during the outbreak.

Vibration Monitoring Market Regional Analysis

North America is expected to account for the largest vibration monitoring market share at the end of the forecast period. The requirement for vibration monitoring technologies and devices in North America is driven by factors e.g. an increased emphasis on maximized resource utilization, rigid regulatory changes for employees and staff safety, and strict quality control in the oil and gas, pesticide, and beverages industry. The rising demand for vibration monitoring systems in the US is fueled by a focus on facility equipment management and the existence of major market participants e.g. Honeywell International and National Instruments.

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Vibration Monitoring Market Segmentation:

By Industry, the Oil and Gas segment dominated the vibration monitoring market in 2023. It is expected to grow at a CAGR of 9.3% in the aforementioned forecast period.



Due to the growing strain of high operating expenses of oil and gas facilities, the sector has been focusing on enhancing sustainability. Price changes in the worldwide market are yet another element adding to the oil & gas industry's rising demand to decrease operational costs. As a result, vibration monitoring systems and products are projected to be used by this sector to preserve the effective service of its valuable equipment and prevent downtime.

Leading Vibration Monitoring Market key industry:

Analog Devices Inc. (US)
SPM Instrument AB (Sweden)
Schaeffler AG (Germany)
PCB Piezotronics Inc. (US)
Azima DLI Corporation (US)
Data Physics Corporation (US)
Rockwell Automation, Inc. (US)

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Key questions answered in the Vibration Monitoring Market are:

What segments are covered in the Vibration Monitoring Market report?
Which region is expected to hold the highest share in the Vibration Monitoring Market?
What is the market size of the Vibration Monitoring Market by 2030?
What is the forecast period for the Vibration Monitoring Market?
What was the market size of the Vibration Monitoring Market in 2023?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations


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