North America Vibration Monitoring Market 2024 | TechSci Research

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Table of Contents
S. No. Contents Contents Contents
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Executive Summary Executive Summary Executive Summary
4. Voice of Customer Voice of Customer Voice of Customer
4.1. Monitoring Process Monitoring Process
4.2. Factors Driving Adoption Factors Driving Adoption
4.3. Key Benefits Key Benefits
4.4. Challenges Challenges
4.5. Key Drivers Key Drivers
5. Global Vibration Monitoring Market Overview Global Vibration Monitoring Market Overview Global Vibration Monitoring Market Overview
6. North America Vibration Monitoring Market Landscape North America Vibration Monitoring Market Landscape North America Vibration Monitoring Market Landscape
7. North America Vibration Monitoring Market Outlook North America Vibration Monitoring Market Outlook North America Vibration Monitoring Market Outlook
7.1. Market Size Forecast Market Size Forecast
7.1.1. By Value
7.2. Market Share Forecast Market Share Forecast
7.2.1. By Offering (Hardware and Software)
7.2.2. By Monitoring Process (Portable and Online)
By System Type (Vibration Analyzer, Embedded Systems and Vibration Meters)
7.2.3. By Industry (Oil Gas, Energy Power, Chemicals, Marine, Automotive and Others)
7.2.4. By Company
7.2.5. By Country
7.3. Market Attractiveness Index Market Attractiveness Index
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Table of Contents
S. No. Contents Contents Contents Contents Contents
7.4. North America Country Analysis North America Country Analysis North America Country Analysis North America Country Analysis
7.4.1. United States Vibration Monitoring Market Outlook United States Vibration Monitoring Market Outlook United States Vibration Monitoring Market Outlook
7.4.1.1. Market Size Forecast Market Size Forecast
7.4.1.1.1. By Value
7.4.1.2. Market Share Forecast Market Share Forecast
7.4.1.2.1. By System Type
7.4.1.2.2. By Industry
7.4.2. Canada Vibration Monitoring Market Outlook Canada Vibration Monitoring Market Outlook Canada Vibration Monitoring Market Outlook
7.4.2.1. Market Size Forecast Market Size Forecast
7.4.2.1.1. By Value
7.4.2.2. Market Share Forecast Market Share Forecast
7.4.2.2.1. By System Type
7.4.2.2.2. By Industry
7.4.3. Mexico Vibration Monitoring Market Outlook Mexico Vibration Monitoring Market Outlook Mexico Vibration Monitoring Market Outlook
7.4.3.1. Market Size Forecast Market Size Forecast
7.4.3.1.1. By Value
7.4.3.2. Market Share Forecast Market Share Forecast
7.4.3.2.1. By System Type
7.4.3.2.2. By Industry
8. Market Dynamics Market Dynamics Market Dynamics Market Dynamics Market Dynamics
8.1. Drivers Drivers Drivers Drivers
8.2. Challenges Challenges Challenges Challenges
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Table of Contents
S. No. Contents Contents Contents
9. Market Trends Developments Market Trends Developments Market Trends Developments
10. Policy Regulatory Landscape Policy Regulatory Landscape Policy Regulatory Landscape
11. Competitive Landscape Competitive Landscape Competitive Landscape
11.1. Competitive Benchmarking Competitive Benchmarking
11.2. Company Profiles Company Profiles
11.2.1. Baker Hughes, a GE Company, LLC
11.2.2. Emerson Electric Co.
11.2.3. SKF USA Inc.
11.2.4. Honeywell International Inc.
11.2.5. National Instruments Corporation
11.2.6. Schaeffler Group USA Inc.
11.2.7. Rockwell Automation, Inc.
11.2.8. Meggitt (North Hollywood), Inc.
11.2.9. Analog Devices, Inc.
11.2.10. Bruel Kjaer North America Inc.
12. Strategic Recommendations Strategic Recommendations Strategic Recommendations
13. About Us Disclaimer About Us Disclaimer About Us Disclaimer
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List of Figures
Figure No. Title
Figure 1 North America Vibration Monitoring, By Monitoring Process (N75)
Figure 2 North America Vibration Monitoring, By Factors Driving Adoption (N75) (1Least Important, 3Neutral and 5 Very Important)
Figure 3 North America Vibration Monitoring, By Key Benefits(N75) (1Least Important, 3Neutral and 5 Very Important)
Figure 4 North America Vibration Monitoring, By Challenges (N75)
Figure 5 North America Vibration Monitoring, By Key Drivers (N75)
Figure 6 North America Vibration Monitoring Market Size, By Value (USD Million), 2014-2024F
Figure 7 North America GDP at Current Prices, 2010-2017 (USD Trillion)
Figure 8 North America GNI per Capita, Atlas Method, 2010-2017 (USD)
Figure 9 North America Vibration Monitoring Market Share, By Offering, By Value, 2014-2024F
Figure 10 North America Vibration Monitoring Market Share, By Monitoring Process, By Value, 2014-2024F
Figure 11 North America Vibration Monitoring Market Share, By System Type, By Value, 2014-2024F
Figure 12 North America Vibration Monitoring Market Share, By Industry, By Value, 2014-2024F
Figure 13 North America Vibration Monitoring Market Share, By Company, By Value, 2018
Figure 14 North America Vibration Monitoring Market Share, By Country, By Value, 2014-2024F
Figure 15 North America Vibration Monitoring Market Attractiveness Index, By Offering, By Value, 2019E-2024F
Figure 16 North America Vibration Monitoring Market Attractiveness Index, By Monitoring Process, By Value, 2019E-2024F
Figure 17 North America Vibration Monitoring Market Attractiveness Index, By System Type, By Value, 2019E-2024F
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List of Figures
Figure No. Title
Figure 18 North America Vibration Monitoring Market Attractiveness Index, By Industry, By Value, 2019E-2024F
Figure 19 North America Vibration Monitoring Market Attractiveness Index, By Country, By Value, 2019E-2024F
Figure 20 United States Share in North America Vibration Monitoring Market, By Value, 2018 2024F
Figure 21 US Total Investment, 2013-2023F ( of GDP)
Figure 22 US Total Expenditure, 2013-2023F ( of GDP)
Figure 23 Industrial production in the United States, Jan 18 Nov 18, ()
Figure 24 United States Crude Oil Imports Exports, 2010-2016 (Thousand Barrels Per Day)
Figure 25 United States GDP, 2012-2018F (USD Trillion)
Figure 26 Number of Onshore Oil Gas wells drilled in The USA, By State, 2014-2017
Figure 27 United States Vibration Monitoring Market Share, By System Type, By Value, 2014-2024F
Figure 28 United States Vibration Monitoring Market Share, By Industry, By Value, 2014-2024F
Figure 29 Canadas Share in North America Vibration Monitoring Market, By Value, 2018 2024F
Figure 30 Canada Crude Oil Consumption, 2010-2016 (Thousand Barrels Per Day)
Figure 31 Number of Active Oil Gas Rigs in Canada, 2013-2017
Figure 32 Canada GDP at Current Prices, 2013-2023F (USD Billion)
Figure 33 Canada Real GDP Percentage Distribution, By Aggregate Sector, 2017 2024F
Figure 34 Canada Vibration Monitoring Market Share, By System Type, By Value, 2014-2024F
Figure 35 Canada Vibration Monitoring Market Share, By Industry, By Value, 2014-2024F
Figure 36 Mexicos Share in North America Vibration Monitoring Market, By Value, 2018 2024F
Figure 37 Oil Production in Mexico (Million Tonnes), 2007-2017
Figure 38 Primary Energy Consumption in Mexico (Million Tonnes Oil Equivalent), 2007-2017
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List of Figures
Figure No. Title
Figure 39 Motor Vehicle Production in Mexico, By Volume (Million Units), 2007-2017
Figure 40 Mexico Industrial Production Growth Rate, 2012-2017
Figure 41 Mexico GDP Per Capita, 2013-2018F (USD)
Figure 42 Mexico Vibration Monitoring Market Share, By System Type, By Value, 2014-2024F
Figure 43 Mexico Vibration Monitoring Market Share, By Industry, By Value, 2014-2024F
List of Tables
Table No. Title
Table 1 United States Vibration Monitoring Market Size, By Value (USD Million), 2014-2024F
Table 2 Canada Vibration Monitoring Market Size, By Value (USD Million), 2014-2024F
Table 3 Status of Hydropower Development in Canada
Table 4 Mexico Vibration Monitoring Market Size, By Value (USD Million), 2014-2024F
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Product Overview

• Predictive Maintenance Predictive maintenance
  evaluates the overall condition of equipment to
  reduce the risk of equipment failure or downtime.
• Condition Monitoring Condition monitoring is the
  process of monitoring equipment conditions such
  as vibration and temperature to aid in scheduling
  maintenance for preventing equipment failure,
  optimizing equipment performance, and reducing
  maintenance cost and time.
• Vibration Monitoring Vibration monitoring is
  part of condition monitoring, which is used for
  the equipment predictive maintenance.
• Vibration monitoring uses a piezoelectric
  accelerometer to measure the vibrations of
  equipment/machine. Initially, a vibration
  spectrum is defined, which is acceptable
  vibration range for healthy working of
  equipment/machine.
• The captured data from accelerometer needs to be
  digitized with an appropriate sampling rate
  greater than or equal to the Nyquist rate (the
  minimum rate at which a signal can be sampled
  without an error and is equal to twice the
  maximum frequency present in the signal).
• The next step involves conversion of this time
  domain signal to frequency domain signal using
  FFT (Fast Fourier Transform) technique.
• Finally, the obtained frequency spectrum is
  compared with the pre-defined frequency spectrum
  of the equipment/machine, in healthy condition,
  in order to identify changes caused by faults.
• Rotating machinery (mechanical components that
  use their kinetic energy to move fluids and other
  process materials) are well-suited to vibration
  monitoring.

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Product Overview

• Vibration monitoring of equipment can be done in
  two ways
• Portable Portable vibration monitoring involves
  the use of portable equipment to monitor the
  health of a machine. Sensors are attached to the
  machine and portable equipment is used to read
  the data from sensors.
• Online In online vibration monitoring, data is
  acquired by the embedded device which is then
  transmitted to the main server for data analysis.
• Vibration monitoring system is used in various
  industries including oil gas, automotive,
  chemicals, marine, energy power, etc.

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Research Methodology
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Research Methodology

• Baseline Methodology
• Our dedicated team of industry experts has
  monitored and analyzed various aspects of North
  America vibration monitoring market. The team has
  analyzed the outlook of various segments of this
  market, while considering the major influencing
  factors and speculated a robust growth during the
  forecast period. The study includes market
  forecasting, which would enable our clients to
  take better decisions while planning their
  strategy to achieve sustainability in North
  America vibration monitoring market.
• Methodology Followed for Calculation of Market
  Size
• Market Size by Value Market size, in terms of
  value, for the year 2018 was calculated based on
  information collected through exhaustive
  secondary research and primary surveys, with
  various key opinion leaders/stakeholders, such as
  vibration monitoring solution providing
  companies.
• The team interviewed more than 25 companies, 150
  industry experts and other value chain
  stakeholders in North America vibration
  monitoring market to obtain the overall market
  size during 2014-2018, which was validated by the
  Delphi technique. Taking standard deviation into
  consideration, the market size was averaged out,
  to arrive at the market size data for 2014-2018.

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Research Methodology

• Respondents were asked about the current and
  future market growth rates, as well as market
  shares by offering and by country. Removing the
  outlier responses, the geometric mean of growth
  estimates and provider wise revenue shares
  generated across various segments were
  considered, to arrive at the final revenue
  shares. Revenue shares generated across various
  segments were further triangulated from other
  stakeholders depending upon the type of solution.
• Methodology Followed for Calculation of Market
  Shares
• Market shares by offering, by monitoring process,
  by system type, by industry, by country and by
  company were calculated based on the responses
  received through primary surveys with industry
  experts, in which the respondents were asked
  about the market shares or revenue generated
  through vibration monitoring solutions. The final
  shares were calculated by taking the geometric
  mean of the responses gathered from key opinion
  leaders after eliminating the outliers.
• Methodology Followed for Forecasting
• TechSci Research performed periodical checks on
  data collected through the surveys with logical
  checks and analyzed the survey results in
  SPSS/Tableau Software.

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Research Methodology

• Data triangulation techniques were applied to
  fill the gaps and to present a more meaningful
  picture of the market. To forecast North America
  vibration monitoring market, TechSci Research
  used various forecast techniques such as
• Moving Average
• Time Series Analysis
• Regression Analysis
• Econometric and Judgmental Analysis
• TechSci Research used its own forecast tool,
  which is based on the growth of various allied
  industries in respective regions. TechSci
  Research also used the impact analysis during
  short, medium and long term period to estimate
  the demand and to reach accurate market numbers.

Partial List of Companies Interviewed Emerson Electric Co., Rockwell Automation, Inc., National Instruments Corporation, Honeywell International Inc., Bruel Kjaer North America Inc., Schaeffler Group USA Inc, SKF USA Inc., Meggitt (North Hollywood), Inc., Analog Devices, Inc., Baker Hughes, a GE Company, etc.
Secondary Sources Company Websites, Annual Reports, Press Releases, Machinery Information Management Open System Alliance (MIMOSA), International Organization for Standardization (ISO), Swedish Standards Institute, American Petroleum Institute (API), U.S. Energy Information Administration (EIA), Statistical Review of World Energy, Investor Relations, Whitepapers, etc.
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According to TechSci Research report, North
America Vibration Monitoring Market By Offering,
By Monitoring Process, By System Type, By
Industry, By Country, Competition, Forecast
Opportunities, 2014-2024, North America
vibration monitoring market is projected to cross
1 billion by 2024. Anticipated growth in the
market can be attributed to growing vibration
monitoring adoption among industries such as oil
gas and energy power to ensure timely
maintenance and replacement of machinery.
Moreover, increasing popularity of predictive
maintenance and smart factories, coupled with
rising demand for wireless and online vibration
monitoring are expected to fuel the market during
forecast period. Online monitoring process is
expected to witness fastest growth in the
regions vibration monitoring market over the
next five years, owing to rising demand for
real-time and remote monitoring of assets and
growing popularity of cloud computing and
wireless connectivity. Oil gas is the largest
end-user in North America vibration monitoring
market, as it enables companies to ensure
efficient performance of high-value machinery,
mitigate equipment failure and improve
productivity. Embedded systems segment is
expected to grow at the fastest rate during
forecast period, owing to increasing demand for
online vibration monitoring and growing adoption
of smart factories in the region. Baker Hughes,
Emerson Electric Co., SKF USA Inc., Honeywell
International Inc., National Instruments
Corporation and Schaeffler Group USA, Inc. are
some of the major players operating in North
America vibration monitoring market. United
States dominates the regional market, as a result
of growing focus on industry automation, rising
demand for power and growing government support
to oil gas and power sectors in the country.
Growing popularity of Internet of Things is
driving industries towards adopting IoT to
facilitate the development of smart factories,
which in turn is encouraging companies to
integrate vibration monitoring to effectively use
data being generated by vibration sensors to
streamline process and improve machine uptime.
Rising demand for vibration monitoring with
advanced capabilities such as machine learning
and big data analytics, in addition to growing
need for creating secure environment for
customers and employees, is expected to aid North
America vibration monitoring market during
forecast period., said Mr. Karan Chechi,
Research Director with TechSci Research, a
research based global management consulting firm.
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Figure 1 North America Vibration Monitoring, By
Monitoring Process (NXX)
Figure 7 North America GDP at Current Prices,
2010-2017 (USD Trillion)
Figure 26 Number of Onshore Oil Gas wells
drilled in The USA, By State, 2014-2017
Figure 24 United States Crude Oil Imports
Exports, 2010-2016 (Thousand Barrels Per Day)
Figure 32 Canada GDP at Current Prices,
2013-2023F (USD Billion)
Figure 41 Mexico GDP Per Capita, 2013-2018F (USD)
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Report Name North America Vibration Monitoring
Market By Offering, By Monitoring Process, By
System Type, By Industry, By Country,
Competition, Forecast Opportunities, 2014-2024
Report Price
License Type Price
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