The vibration monitoring market was valued at USD 1.19 Billion in 2016 and is expected to reach USD 1.85 Billion by 2023, at a CAGR of 6.5% during the forecast period from 2017 to 2023.

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Vibration Monitoring Market by Component
(Hardware, Software, and Services), System Type
(Embedded Systems, Vibration Analyzers, and
Vibration Meters), Monitoring Process (Online and
Portable), Industry, and Geography - Global
Forecast to 2023
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According to the new market research
report Vibration Monitoring Market by Component
(Hardware, Software, and Services), System Type
(Embedded Systems, Vibration Analyzers, and
Vibration Meters), Monitoring Process (Online and
Portable), Industry, and Geography - Global
Forecast to 2023" The vibration monitoring
market is expected to grow from USD 1.19 Billion
in 2016 and to reach USD 1.85 Billion by 2023, at
a CAGR of 6.5 during the forecast period. The
growth of this market can be attributed to the
growing awareness toward predictive maintenance.
Benefits provided by predictive maintenance (PDM)
program are gaining rapid popularity in the
manufacturing sector globally. PDF Brochure
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On the back of these benefits, the techniques
are being implemented on a large scale,
especially in the capital-intensive industries
such as automotive, and oil and gas. Hardware
held largest share of vibration monitoring market
in 2016 The vibration monitoring market based
on offerings is led by the hardware segment in
terms of size. The high demand for hardware
components such as accelerometers, proximity
probes, velocity sensors, transmitters, and other
components is one of the major factors that have
led to its dominant position in the said market.
They are the main sources which collect the data
related to vibration levels in machinery well in
advance. The data gathered by the hardware
components enables effective predictive
maintenance program to avoid costly downtimes.
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Online vibration monitoring market likely to
grow at higher CAGR during forecast period On
the basis of monitoring, the vibration monitoring
market for online vibration monitoring is
expected to witness the highest growth rate
during the forecast period. Online vibration
monitoring is widely used process is widely used
for critical plants that work continuously and
are highly prone to defects. North America
expected to hold largest size of vibration
monitoring market by 2023 North America held
the largest size of the vibration monitoring
market in 2016, followed by Europe and APAC. The
growing adoption of smart manufacturing or
Industry 4.0 in various industries creates a huge
demand for vibration monitoring in the region.
Besides, the factors such as growing focus on
optimum asset utilization stringent government
regulations for the workplace and personal
safety and tight quality control in the oil and
gas, chemicals, and food and beverages industries
are driving the demand for vibration monitoring
systems in North America. The region also
witnesses a presence of established manufacturing
companies in the US and Canada.
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Browse gtgt 66 market data
tables 64 figures
173 Pages and in-depth TOC on Vibration
Monitoring Market- Global Forecast to 2023 Early
buyers will receive 10 customization on this
report. This is a Premium Report Priced at
Single user US 5650 Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Key players - The Vibration Monitoring Market is
dominated by

• SKF AB (Sweden)
• Emerson Electric Co. (US)
• General Electric (US)
• Meggitt PLC (UK)
• National Instruments Corp. (US)
• Rockwell Automation, Inc. (US)

• Bruel Kiaer Sound Vibration Measurement A/S
  (Denmark)
• Analog Devices Inc.(US).
• Schaeffler Technologies AG Co. KG (Germany)
• Honeywell International Inc. (US)

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