Vibration Monitoring Equipment Market- Global Segments and Forecast upto 2022
Vibration monitoring systems are used to decrease the operating cost of a plant
by reducing its maintenance cost and the instances of unplanned outages. These
systems are also utilized for the optimization of various maintenance activities
during planned shutdowns. The usage of vibration monitoring equipment is growing
exponentially in various applications and industrial segments owing to its
capability of detecting the possible failure of machinery in advance. The
equipment can further detect various machine deterioration and faults before the
introduction of any symptoms in the system such as heat, sound, lubricant
impurities and higher electrical consumption. Currently, vibration monitoring is
considered to be most preferred condition monitoring tool and hence a crucial
part of condition monitoring program.
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Monitoring Equipment Market report at http://www.ronpcb.com/
The rising
need to reduce plant operating cost across various industrial domains is one of
the major factors driving the global vibration monitoring equipment market. With
rising competition, plant maintenance expenditures and increasing energy costs,
the demand for vibration monitoring equipment is increasing in order to optimize
the maintenance budgets and reduce the pressure on operating expenses.
Furthermore, the growing capital investments in different industries such as
petrochemicals, metals, chemicals, heavy equipment manufacturing, and pulp &
paper, among others is contributing to the overall growth of the market. In
addition, the rising focus on asset productivity and utilization is driving the
market growth worldwide. Moreover, the need for eliminating unnecessary
maintenance costs and catastrophic breakdowns in different production processes
is expected to drive the demand the global adoption of vibration equipment
market during the forecast period. Furthermore, the rising importance of
predictive maintenance programs against the backdrop of tight liquidity is
creating added pressure on fixed and variable expenses and cost efficiency,
thereby encouraging the demand of vibration equipment market. The introduction
of advanced low-cost vibration monitoring equipment which are integrated with
direct communication procedures, fast processing functions and the availability
of automation software foresee tremendous growth for the market in
future.
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The
global vibration monitoring equipment market is segmented on the basis of
product types, component types, application types and by geographical region. On
the basis of product types, the market is segmented into portable and
non-portable equipment. By component, the market is segmented into proximity
probe, and accelerometer among others. The vibration monitoring equipment are
utilized in a wide range of applications such as automotive, metal & mining,
aerospace & defense, and metal & mining, among others. Geographically,
U.S. is expected to lead the market during the forecast period followed by
Europe and Asia Pacific owing to the introduction of vast range of automotive
products and development of fast-paced technologies. Asia Pacific is expected to
grab a major chunk of the market owing to continuous business expansion and
infrastructure development, especially in emerging nations such as China and
India.
Some of the key players in the Vibration Monitoring Equipment
market include Azima DLI Corporation, Analog Devices, Inc., Emerson Electric
Co., Bruel & Kjaer Sound & Vibration Measurement A/S, General Electric
Company, Meggitt PLC, Honeywell International, Inc., National Instruments
Corporation, SPM Instrument, Rockwell Automation, Inc., PCB Piezotronics Inc.,
Scientific Monitoring Inc PCB Prototype
Manufacturer., Data Physics Corporation, and SKF Condition Monitoring Inc.,
among others.
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