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Global Vibration Meter Market 2019-2023

  • Published: Jan 2019
  • Pages: 127
  • SKU: IRTNTR30741
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The global vibration meter market size will grow USD 102.05 million during 2019-2023. This report provides a detailed analysis of the market based on segmentation by product (digital and analog), end-user (process industries, third-party service providers, and discrete industries) and geography (MEA, APAC, Europe, North America, and South America). The report also analyzes the market’s competitive landscape and offers information on several vibration meter manufacturers including Amphenol, FLIR Systems, Fortive, Kanomax Japan, SKF, and SPM Instrument.

Some of the key findings from our vibration meter market forecast report are summarized below

vibration meter

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Global vibration meter industry overview

Vibration analysis is used in predictive maintenance to predict the time of the next maintenance schedule. This allows clubbing of maintenance schedules of several machines at once thereby reducing the maintenance cost and total production loss. With growing focus on the improvement of capacity utilization factor (CUF), the demand for vibration meters for predictive maintenance is also increasing. Vibration meter manufacturers are developing products which provide a comprehensive understanding of vibration patterns, the source of the fault, machine running condition, and predictive maintenance schedules. This ability of vibration meters to analyze vibration patterns for predictive maintenance is expected to boost its demand during the forecast period.

The popularity of micro-electromechanical sensors (MEMS) in vibration meter due to its efficiency and cost-effectiveness over quartz accelerometer is further boosting the expansion of the global vibration meter market at a CAGR of close to 5%.

Top vibration meter companies covered in this market research report

The global vibration meter market is fairly fragmented. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and contains information on the products offered by various leading companies. Additionally, this vibration meter market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies including:

  • Amphenol
  • FLIR Systems
  • Fortive
  • Kanomax Japan
  • SKF
  • SPM Instrument

Vibration meter market segmentation based on end-user

  • Process industries
  • Third-party service providers
  • Discrete industries

The process industries segment will account for the highest share of the vibration meter market as it is a critical component in rotating machines which require routine vibration level monitoring. This report provides an accurate prediction of the contribution of all the segments to the growth of the vibration meter market size.

Vibration meter market segmentation based on geographic region

  • MEA
  • APAC
  • Europe
  • North America
  • South America

With a complete study of the growth opportunities for the companies, it has been identified that North America accounted for the highest share of the vibration meter market in 2018. The increasing demand for turbines and compressors in natural gas processing facilities and investments in natural gas-fired power plants are some of the factors driving vibration meter market growth in this region.

Key highlights of the global vibration meter market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the vibration meter market during the next five years
  • Precise estimation of the global vibration meter market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the vibration meter industry across MEA, APAC, Europe, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of vibration meter companies

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Digital - Market size and forecast 2018-2023
  • Analog - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Process industries - Market size and forecast 2018-2023
  • Third-party service providers - Market size and forecast 2018-2023
  • Discrete industries - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Expected decline in cost of vibration meters
  • Vendors offering condition monitoring features in vibration meters
  • Increasing popularity of micro-electromechanical sensor (MEMS) in vibration meters

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Amphenol
  • FLIR Systems
  • Fortive
  • Kanomax Japan
  • SKF
  • SPM Instrument

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations

PART 16: EXPLORE TECHNAVIO

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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