Vibration condition monitoring is a process of looking for anomalies and monitoring change from the established vibration signature of a system. It is designed to provide the power to reduce unscheduled breakdowns, failures, and irreversible damage. According to Gen Consulting Company, the global vibration condition monitoring market size is expected to increase from USD 1,308 million in 2021 to USD 1,890 million by 2028, garnering a CAGR of 5.4% over the evaluated period.
This industry report offers market estimates of the global market, followed by a detailed analysis of the application, and region. The global market data on vibration condition monitoring can be segmented by application: automotive and transportation, metals & mining, oil and gas, power, others. The oil and gas segment held the largest revenue share in 2021. Vibration condition monitoring market is further segmented by region: North America, Asia Pacific, Europe, Rest of the World (ROW).
The global vibration condition monitoring market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players AB SKF, Apergy Corporation (Windrock Inc.), Azima DLI, Baker Hughes Company (Bently Nevada), Bruel & Kjaer Vibro A/S, Emerson Electric Co., Fluke Deutschland GmbH (PRUFTECHNIK), Meggitt S.A., National Instruments Corporation (NI), Rockwell Automation Inc., SPM Instrument AB.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 5.4% |
| Pages | 20 |
| Key Players | AB SKF, Apergy Corporation (Windrock Inc.), Azima DLI, Baker Hughes Company (Bently Nevada), Bruel & Kjaer Vibro A/S, Emerson Electric Co., Fluke Deutschland GmbH (PRUFTECHNIK), Meggitt S.A., National Instruments Corporation (NI), Rockwell Automation Inc., SPM Instrument AB |
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