Industrial Vibration Sensor Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR43799
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The industrial vibration sensor market share is expected to increase by USD 2.83 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8%.

This industrial vibration sensor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by product (Displacement sensor, Acceleration sensor, and Velocity Sensor), end-user (Process industries and Discrete industries), and geography (APAC, Europe, North America, MEA, and South America). The industrial vibration sensor market report also offers information on several market vendors, including AB SKF, ABB Ltd., Analog Devices Inc., Montronix GmbH, Murata Manufacturing Co. Ltd., OMRON Corp., PCB Piezotronics Inc., Safran Colibrys SA, Schaeffler AG, and TE Connectivity Ltd. among others.

What will the Industrial Vibration Sensor Market Size be During the Forecast Period?

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Industrial Vibration Sensor Market: Key Drivers and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing need for workplace safety is notably driving the industrial vibration sensor market growth, although factors such as availability of other vibration measuring devices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial vibration sensor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Driver for the Industrial Vibration Sensor Market

The growing need for workplace safety is one of the key drivers for the market in focus. Working environments in the construction and O&G industries are challenging. Thus, occupational safety is crucial for companies. There is a growing concern among companies and regulatory bodies, owing to the increasing number of accidents at workplaces. This has led to the stipulation of strong laws and regulations and greater consensus among companies to increase worker safety. Governments are focusing on providing enhanced worker safety and facilitating mechanized options for complex industrial operations, which is creating a high demand for industrial vibration sensors. Manufacturing companies are adopting vibration sensors to create a safe environment for workers. Owing to stringent regulations around worker safety, the market in focus will register strong growth during the forecast period.

Key Industrial Vibration Sensor Market Challenge

Availability of other vibration measuring devices is one of the key challenges for the market in focus. There are various products available in the market that can be used as an alternative to vibration sensors to monitor and analyze vibration levels in machines. The measuring devices can also be used in conjunction with software to perform vibration analysis and are easily available on e-commerce platforms. The availability of these substitutes hampers the adoption of industrial vibration sensors as many vendors may opt for these less expensive, easy-to-use products and systems. The availability of other vibration measuring systems and software will limit the revenue generated by industrial vibration sensor manufacturers, as the adoption and sales of substitute products will increase during the forecast period.

This industrial vibration sensor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Industrial Vibration Sensor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB SKF
  • ABB Ltd.
  • Analog Devices Inc.
  • Montronix GmbH
  • Murata Manufacturing Co. Ltd.
  • OMRON Corp.
  • PCB Piezotronics Inc.
  • Safran Colibrys SA
  • Schaeffler AG
  • TE Connectivity Ltd.

 

This statistical study of the industrial vibration sensor market encompasses successful business strategies deployed by the key vendors. The industrial vibration sensor market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial vibration sensor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Vibration Sensor Market?

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40% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial vibration sensors in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The presence of large-scale industrial complexes in the region will facilitate the industrial vibration sensor market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Industrial Vibration Sensor Market?

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The industrial vibration sensor market share growth by the acceleration sensor segment will be significant during the forecast period. The basic acceleration sensors have a better signal-to-noise ratio than the other types of sensors over a wide dynamic range. They are responsible for measuring all frequency ranges, from low to high, and are expected to contribute the highest revenue to the market in focus. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial vibration sensor market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Vibration Sensor Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 2.83 billion

Market structure

Fragmented

YoY growth (%)

3.45

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 40%

Key consumer countries

China, US, Germany, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB SKF, ABB Ltd., Analog Devices Inc., Montronix GmbH, Murata Manufacturing Co. Ltd., OMRON Corp., PCB Piezotronics Inc., Safran Colibrys SA, Schaeffler AG, and TE Connectivity Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Industrial Vibration Sensor Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial vibration sensor market growth during the next five years
  • Precise estimation of the industrial vibration sensor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial vibration sensor market industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial vibration sensor market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

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

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Process industries - Market size and forecast 2020-2025
    • Discrete industries - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Product

    • Market segments
    • Displacement sensor
    • Acceleration sensor
    • Velocity Sensor

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor Landscape
      • Landscape disruption
      • Competitive scenario

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB SKF
      • ABB Ltd.
      • Analog Devices Inc.
      • Montronix GmbH
      • Murata Manufacturing Co. Ltd.
      • OMRON Corp.
      • PCB Piezotronics Inc.
      • Safran Colibrys SA
      • Schaeffler AG
      • TE Connectivity Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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
      Technavio

      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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

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

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The industrial vibration sensor market growth will increase by $2862.18 million during 2019-2024.
      The industrial vibration sensor market is expected to grow at a CAGR of 7.76% during 2019-2024.
      Technavio has segmented the industrial vibration sensor market by product (Displacement sensor, Acceleration sensor, and Velocity Sensor) and geographic (APAC, Europe, North America, MEA, and South America).
      AB SKF, ABB Ltd., Analog Devices Inc., Montronix GmbH, Murata Manufacturing Co. Ltd., OMRON Corp., PCB Piezotronics Inc., Safran SA, Schaeffler AG, TE Connectivity Ltd. are a few of the key vendors in the industrial vibration sensor market.
      APAC will register the highest growth rate of 41.03% among the other regions. Therefore, the industrial vibration sensor market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the industrial vibration sensor market growth are:
      • Growing need for workplace safety
      The industrial vibration sensor market vendors should focus on grabbing business opportunities from the displacement sensor segment as it accounted for the largest market share in the base year.
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