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Some of the key findings from our vibration meter market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
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%.
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:
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
PART 16: EXPLORE TECHNAVIO
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