Vibration Monitoring Equipment Market by Product & Components - 2020 | MarketsandMarkets

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MarketsandMarkets Presents
Vibration Monitoring Equipment Market Worth
1,453.76 Million by 2020
Vibration Monitoring Equipment Market By Product
(Portable Non-Portable), Component
(Accelerometer, Proximity Probe, Others),
Application (Aerospace Defense, Automotive,
Chemical, Metal Mining, Others) Geography
Global Forecast to 2020
http//www.marketsandmarkets.com/Market-Reports/vi
bration-monitoring-market-29273491.html
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According to a new market research
report Vibration Monitoring Equipment Market by
Product (Portable Non-Portable), Component
(Accelerometer, Proximity Probe, Others),
Application (Aerospace Defense, Automotive,
Chemical, Metal Mining, Others), Geography
- Global Forecast to 2020, published by
MarketsandMarkets, the total market is expected
to reach 1,453.76 Million by 2020, at a CAGR of
6.6. Browse 71 market data tables and 92
figures spread through 205 pages and in-depth TOC
on Vibration Monitoring Equipment Market -
Global Forecast to 2020"Early buyers will
receive 10 customization on this report.
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Vibration monitoring systems help to reduce plant
operating costs by reducing maintenance cost,
optimizing maintenance activities during planned
shutdowns, and minimizing the instances of
unscheduled outages. The market over the next few
years is likely to be driven by fast-paced
technology developments and introduction of
innovative products. Development of low-cost
advanced vibration monitoring equipment
integrated with quick processing functions,
direct communication procedures, and improved
software would attract tremendous opportunities
for the market in the coming years. For More
Details _at_ http//www.marketsandmarkets.com/speakto
analyst.asp?id29273491 The vibration
monitoring equipment market is expected to grow
from 986.59 million in 2014 to 1,453.76 million
in 2020 at a CAGR of 6.6 between 2015 and 2020.
The vibration monitoring equipment market is
growing more rapidly in various segments and
applications as compared to other condition
monitoring products because it is capable of
detecting the potential failure of machinery well
in advance, it can locate the exact source of the
problem in the machines, it can detect faults and
machine deterioration before the occurrence of
other symptoms like heat, sound, greater
electrical consumption, and lubricant impurities.
Therefore, vibration monitoring is an integral
part of the machine condition monitoring program
and it remains the most preferred condition
monitoring tool. The global vibration monitoring
equipment market report describes the market
trends, drivers, and challenges for the vibration
monitoring and forecasts the market to 2020 based
on components, products, applications, and
geography.
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This global report gives a birds eye-view of
the market across geographies, including North
America, Europe, Asia-Pacific, and RoW (Rest of
the World). North America is the largest region
in terms of vibration monitoring equipment market
size and is expected to retain its position till
2020, with U.S. and Canada occupying the major
market share. Europe and APAC are also considered
as promising markets, with Germany and the U.K.
in Europe, and China and Japan in APAC growing
rapidly. Inquiry Before Buying _at_
http//www.marketsandmarkets.com/Enquiry_Before_Bu
ying.asp?id29273491 The competitive landscape
of the market presents valuable insights as to
the players in the vibration monitoring equipment
market. The global vibration monitoring equipment
market report profiles 11 promising players in
the market, and further explains their business
overview, product portfolio, recent developments,
and key strategies adopted. There are several new
product developments and large scale
collaborations partnership agreements across
the value chain between the companies. The major
players in the global vibration monitoring
equipment market are Analog Devices, Inc. (U.S),
Azima DLI Corporation (U.S), Bruel Kjaer Sound
Vibration Measurement A/S (Denmark), Emerson
Electric Co. (U.S), General Electric Company
(U.S.), Honeywell International, Inc. (U.S.),
Meggitt PLC (U.K.), National Instruments
Corporation (U.S.), Rockwell Automation, Inc.
(U.S.), SKF (Sweden), and SPM Instrument
(Sweden).
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