PUBLISHER: IMARC | PRODUCT CODE: 1561526
PUBLISHER: IMARC | PRODUCT CODE: 1561526
Vibration Monitoring Market Report by Component, System Type, Monitoring Process, End Use Industry, and Region 2024-2032
The global vibration monitoring market size reached US$ 1.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032. The increasing concerns regarding safety across industries, the rising adoption of vibration monitoring to identify potential issues, and the growing popularity of predictive maintenance are some of the key factors driving the market.
Vibration monitoring is a critical process that is widely utilized in various industries to detect and analyze the vibrations of machinery and equipment. It is employed to spot possible issues before they result in serious harm or failure, which would need costly downtime and repairs. In order to measure the vibrations of machines and equipment, vibration monitoring requires sensors. These sensors are affixed to the machinery being observed, and they gather information on the vibrations' frequency, amplitude, and direction. Additionally, it uses a variety of sensors, such as piezoelectric accelerometers, velocity transducers, and proximity probes. The choice of a sensor relies on the application and the type of equipment being monitored. Each form of sensor has specific benefits and drawbacks. The vibration data is processed and analyzed by specialized software after it has been collected by the sensors. The software transforms the raw vibration data into informative data, such as frequency analysis, time waveforms, and vibration spectra. Moreover, the software is capable of carrying out numerous analyses, including frequency-domain, time-domain, and statistical analyses.
Vibration Monitoring Market Trends:
The escalating concerns regarding safety across industries majorly drive the global market. In various sectors, excessive vibrations can cause machinery or structural failure, which can result in catastrophic events including explosions, fires, or collapses, which can cause loss of life or property. As a result, vibration monitoring is crucial for guaranteeing the dependability and safety of machinery, buildings, and tools, impacting the market. Along with this, the widespread adoption of vibration monitoring to identify potential issues before they become severe, reduces downtime and repair costs is significantly supporting the demand. Vibration monitoring enables predictive maintenance, which can save energy use, avoid unscheduled downtime, and improve maintenance schedules, which is positively influencing the market. In addition, vibration monitoring is essential for identifying even the smallest departures from typical operating conditions as machines become more sophisticated, with faster running speeds, tighter tolerances, and more precise components, which is escalating the adoption of vibration monitoring to prevent minor aberrations from turning into serious problems. Apart from this, the implementation of strict regulatory requirements for machine and equipment safety across the industries, such as aerospace, automotive, and energy is contributing to the market. Furthermore, continual technological advancements to offer more accessible and cost-effective vibration monitoring are creating a positive market outlook. Some of the other factors driving the market include rapid industrialization and the emergence of Industry 4.0.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vibration monitoring market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, system type, monitoring process and end use industry.
Component Insights:
- Hardware
- Software
- Services
The report has provided a detailed breakup and analysis of the vibration monitoring market based on the component. This includes hardware, software, and services. According to the report, hardware represented the largest segment.
System Type Insights:
- Embedded Systems
- Vibration Analyzers
- Vibration Meters
A detailed breakup and analysis of the vibration monitoring market based on the system type have also been provided in the report. This includes embedded systems, vibration analyzers, and vibration meters. Amongst these, embedded systems represent the largest segment.
Monitoring Process Insight:
- Online
- Portable
The report has provided a detailed breakup and analysis of the vibration monitoring market based on the monitoring process. This includes online and portable. According to the report, online represented the largest segment.
End Use Industry Insights:
- Energy and Power
- Metals and Mining
- Oil and Gas
- Automotive
- Food and Beverages
- Others
A detailed breakup and analysis of the vibration monitoring market based on the end use industry have also been provided in the report. This includes energy and power, metals and mining, oil and gas, automotive, food and beverages, and others. Amongst these, oil and gas represent the largest segment.
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (United States, Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others); Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others); Latin America (Brazil, Mexico, Others); and the Middle East and Africa. According to the report, North America was the largest market for vibration monitoring. Some of the factors driving North America vibration monitoring market included rapid industrialization, favorable government regulations and continual technological advancements, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global vibration monitoring market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered are Analog Devices Inc., Emerson Electric Company, Erbessd Instruments Technologies Inc., General Electric Company, Honeywell International Inc., Istec International, Meggit SA, National Instruments, Parker-Hannifin Corp., Petasense Inc., Rockwell Automation Inc., Schaeffler AG and SPM Instrument AB. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global vibration monitoring market in 2023?
- 2. What is the expected growth rate of the global vibration monitoring market during 2024-2032?
- 3. What are the key factors driving the global vibration monitoring market?
- 4. What has been the impact of COVID-19 on the global vibration monitoring market?
- 5. What is the breakup of the global vibration monitoring market based on the component?
- 6. What is the breakup of the global vibration monitoring market based on the system type?
- 7. What is the breakup of the global vibration monitoring market based on the monitoring process?
- 8. What is the breakup of the global vibration monitoring market based on the end use industry?
- 9. What are the key regions in the global vibration monitoring market?
- 10. Who are the key players/companies in the global vibration monitoring market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Vibration Monitoring Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Hardware
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Services
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by System Type
- 7.1 Embedded Systems
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Vibration Analyzers
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Vibration Meters
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Monitoring Process
- 8.1 Online
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Portable
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End Use Industry
- 9.1 Energy and Power
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Metals and Mining
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Oil and Gas
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Automotive
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Food and Beverages
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Analog Devices Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Emerson Electric Company
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Erbessd Instruments Technologies Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 General Electric Company
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Honeywell International Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Istec International
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Meggit SA
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 National Instruments
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Parker-Hannifin Corp.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Petasense Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Rockwell Automation Inc.
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Schaeffler AG
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.13 SPM Instrument AB
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.1 Analog Devices Inc.
List of Figures
- Figure 1: Global: Vibration Monitoring Market: Major Drivers and Challenges
- Figure 2: Global: Vibration Monitoring Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Vibration Monitoring Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Vibration Monitoring Market: Breakup by Component (in %), 2023
- Figure 5: Global: Vibration Monitoring Market: Breakup by System Type (in %), 2023
- Figure 6: Global: Vibration Monitoring Market: Breakup by Monitoring Process (in %), 2023
- Figure 7: Global: Vibration Monitoring Market: Breakup by End Use Industry (in %), 2023
- Figure 8: Global: Vibration Monitoring Market: Breakup by Region (in %), 2023
- Figure 9: Global: Vibration Monitoring (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Vibration Monitoring (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Vibration Monitoring (Software) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Vibration Monitoring (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Vibration Monitoring (Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Vibration Monitoring (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Vibration Monitoring (Embedded Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Vibration Monitoring (Embedded Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Vibration Monitoring (Vibration Analyzers) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Vibration Monitoring (Vibration Analyzers) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Vibration Monitoring (Vibration Meters) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Vibration Monitoring (Vibration Meters) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Vibration Monitoring (Online) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Vibration Monitoring (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Vibration Monitoring (Portable) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Vibration Monitoring (Portable) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Vibration Monitoring (Energy and Power) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Vibration Monitoring (Energy and Power) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Vibration Monitoring (Metals and Mining) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Vibration Monitoring (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Vibration Monitoring (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Vibration Monitoring (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Vibration Monitoring (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Vibration Monitoring (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Vibration Monitoring (Food and Beverages) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Vibration Monitoring (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Vibration Monitoring (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Vibration Monitoring (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: North America: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: North America: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: United States: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: United States: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Canada: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Canada: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Asia-Pacific: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Asia-Pacific: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: China: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: China: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Japan: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Japan: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: India: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: India: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: South Korea: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: South Korea: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Australia: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Australia: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Indonesia: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Indonesia: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Others: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Others: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Europe: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Europe: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Germany: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Germany: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: France: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: France: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: United Kingdom: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: United Kingdom: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Italy: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Italy: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Spain: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Spain: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Russia: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Russia: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Others: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Others: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Latin America: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Latin America: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Brazil: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Brazil: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Mexico: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Mexico: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Others: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Others: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Middle East and Africa: Vibration Monitoring Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Middle East and Africa: Vibration Monitoring Market: Breakup by Country (in %), 2023
- Figure 85: Middle East and Africa: Vibration Monitoring Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 86: Global: Vibration Monitoring Industry: SWOT Analysis
- Figure 87: Global: Vibration Monitoring Industry: Value Chain Analysis
- Figure 88: Global: Vibration Monitoring Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Vibration Monitoring Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Vibration Monitoring Market Forecast: Breakup by Component (in Million US$), 2024-2032
- Table 3: Global: Vibration Monitoring Market Forecast: Breakup by System Type (in Million US$), 2024-2032
- Table 4: Global: Vibration Monitoring Market Forecast: Breakup by Monitoring Process (in Million US$), 2024-2032
- Table 5: Global: Vibration Monitoring Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 6: Global: Vibration Monitoring Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Vibration Monitoring Market: Competitive Structure
- Table 8: Global: Vibration Monitoring Market: Key Players
