Vibration Monitoring Market

Vibration Monitoring Market Set to Exceed USD 3,574.3 Million By 2026 | CAGR: 5.5% “Vibration Monitoring Market Share, Size, Trends, Industry Analysis Report By Component (Hardware, Software, Services); By Monitoring Process (Online, Portable); By EndUser (Automotive, Chemical, Aerospace and Defense, Food and Beverages, Construction, Mining, Oil and Gas, Others); By Regions: Market Size & Segment Forecast, 2019 – 2026”

Vibration Monitoring Market Estimate & Forecast to 2026 The global vibration monitoring market size is anticipated to reach USD 3,574.3 million by 2026 according to a new research published by Polaris Market Research. The report “Vibration Monitoring Market Analysis Report By Component (Hardware, Software, Services); By Monitoring Process (Online, Portable); By End-User (Automotive, Chemical, Aerospace and Defense, Food and Beverages, Construction, Mining, Oil and Gas, Others); By Regions: Market Size & Segment Forecast, 2019 – 2026” provides a complete analysis of present market trends and future insights. In 2018, the hardware segment accounted for the highest market share in terms of revenue. North America is expected to be the leading contributor to the global Vibration Monitoring market revenue in 2018. The increasing modernization of factory equipment, and stringent regulations regarding energy efficiency and workforce safety majorly drive the market growth. The growing adoption of IoT, cloud-based technologies, and machine learning further supports the growth of the market. The growing need to streamline operations for improving productivity and safety, while reducing maintenance time and cost would increase the adoption of vibration monitoring systems during the forecast period. Other driving factors include technological advancements, increasing adoption of smart factories, growing adoption of embedded systems, and increasing demand from emerging economies.

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Vibration Monitoring Market Scope Component Type

Monitoring Process

• Hardware • Software • Services

• Online • Portable

End-User • Automotive • Chemical • Aerospace & Defense • Food & Beverages • Construction • Mining • Oil & Gas • Others

Region • North America ( U.S., Canada; Mexico) • Europe (Germany, UK, France, Italy) • Asia-Pacific (China, India, Japan) • Latin America (Brazil) • Middle East & Africa

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Vibration Monitoring Market Estimate & Forecast to 2026 North America generated the highest market share in the Vibration Monitoring industry in terms of revenue in 2018, and is expected to lead the global market throughout the forecast period. The presence of established telecom and cloud infrastructure in this region, and growing trend of IIoT has accelerated the market growth in the region. The growing demand of mobile devices, automation of manufacturing process, increasing safety concerns, and technological advancements generate numerous opportunities for the market in this region. Â Access Research Report On Vibration Monitoring Market The well-known companies profiled in the report include National Instruments Corporation, Emerson Electric Co., Bruel & Kiaer Sound & Vibration Measurement A/S, Meggitt PLC, Honeywell International Inc., Schaeffler AG, Analog Devices, Inc., SKF AB, General Electric, and Azima DLI Corporation. These companies are consistently launching new products to enhance their offerings in the Vibration Monitoring industry. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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Vibration Monitoring Market Size

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About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Â Web: www.polarismarketresearch.com

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