Vibration Monitoring Market 2018 with Focus on Competitive Landscape and Growth Factors

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Market Research Future
Vibration Monitoring Market Research Report-
Global Forecast 2023
Vibration monitoring involves the process of
examining the condition of machinery to detect
damages to ensure the health and efficiency of
machines. This process is primarily applied to
machines possessing rotating function, such as
motors, fans, turbines, pumps, and compressors.
Advances in technology such as wireless systems
for vibration monitoring and rising development
of smart factories are expected to drive the
global vibration monitoring market. However,
fault diagnosing and vibration monitoring systems
are a complex network of several connected
devices. The overall vibration monitoring system
in any industry becomes complex with increasing
number of mechanical equipment connected to it,
and increases the cost of installation, which is
expected to hamper the market growth. https//ww
w.marketresearchfuture.com/reports/vibration-monit
oring-market-3932
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Market Research Future
Regional Analysis Vibration monitoring market by
region has been segmented into Asia-Pacific,
North America, Europe, and the Middle Eats
Africa, and South America. North America is
anticipated to lead the vibration monitoring
market during the forecast period, followed by
Europe its growth can be attributed to the
significantly high adoption of vibration
monitoring products in the region and launch of
advanced vibration monitoring products by key
players in this region are the key drivers
contributing to the market growth. The US,
followed by Canada held the largest market size
in North America. Asia-Pacific is expected to
register the fastest growth in the forecast
period. Japan is expected to dominate the
Asia-Pacific vibration monitoring market,
followed by China, during the forecast
period. Access Full Report _at_ https//www.marketres
earchfuture.com/reports/vibration-monitoring-marke
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Market Research Future
Market Segments Based on component, the market
has been segmented as hardware, service, and
software. The hardware segment includes
transmitters, accelerometers, proximity probes,
velocity sensors, and others. The software
segment consists of custom software and
out-of-box software. The service segment includes
professional services and managed services. The
hardware segment accounted for the largest market
share of 49.7 in 2017 it is expected to
register a CAGR of 6.7 during the forecast
period. The services segment was the
second-largest market in 2017 it is projected to
register the highest CAGR of 12.4. The vibration
monitoring market, by type, has been segmented
into vibration analyzers, embedded systems, and
vibration meters. These systems identify the
working efficiency of the machines and detect the
problems in them and are used across industries
for vibration monitoring. The vibration analyzers
segment accounted for the largest market share
it is expected to register a CAGR of 8.5 during
the forecast period. Request a Sample Report _at_
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Market Research Future
Major Players in this Research The prominent
players in the Vibration Monitoring Market are
Honeywell International Inc. (US), Emerson
Electric Co. (US), General Electric (US), Analog
Devices Inc.(US), SKF AB (Sweden), National
Instruments Corp. (US), Rockwell Automation, Inc.
(US), Schaeffler Technologies AG Co. KG
(Germany), Bruel Kiaer Sound Vibration
Measurement A/S (Denmark), and Meggitt PLC (UK),
among others. Know More about this Report _at_
https//www.marketresearchfuture.com/press-release
/vibration-monitoring-market
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Market Research Future
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