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Vibration Monitoring Market Share

Report ID: GMI4647
Published Date: Apr 2020
Report Format: PDF

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Vibration Monitoring Market Share

Prominent vibration monitoring market players include

Emerson Electric
General Electric
Honeywell International Inc
National Instruments
AB SKF
Rockwell Automation, Inc
Meggitt
Analog Devices, Inc

The industry leaders are continuously focusing on the development of new and innovative technically advanced components to compete in the market.

For example, in April 2020, STMicroelectronics announced the development of its new vibration sensing solution that is integrated with IIoT multi-sensors evaluation kit. The vibration data can be analyzed locally or through cloud to help the owner to take strategic decision to maximize uptime and avoid unnecessary equipment repairs.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of vibration monitoring exceeded USD 1 billion in 2019.

The industry share of vibration monitoring is poised to grow at a CAGR of over 5% between 2020 and 2026.

The Asia Pacific market will register a growth rate of over 6% from 2020 to 2026 impelled by rising coal production in China.

The online monitoring system accounted for 50% market share in 2019 and is expected to expand at over 7% through 2026.

Prominent industry players include Emerson Electric, General Electric, Honeywell International Inc, National Instruments, AB SKF, Rockwell Automation, Inc, Meggitt, and Analog Devices, Inc.

Embedded systems hold majority of the market share and will grow at over 6% CAGR till 2026 as these systems provide continuous & effective monitoring and are installed directly on the machine.