About Embedded Vibration Monitoring System
A vibration monitoring system is a collection of tools used to measure one or more parameters in order to detect changes in machine health. Monitoring these parameters aids in the early detection of faults such as imbalance, bearing faults, looseness, misalignment, and others. All over the world, new vibration monitoring systems that use wireless transmission and long-life batteries are replacing industrial wired accelerometers. Vibration monitoring is a key component of predictive maintenance, which drives the growth of the vibration monitoring market. It is mostly found in rotating equipment like steam and gas turbines, pumps, motors, compressors, paper machines, rolling mills, machine tools, and gearboxes. It is used to assess the mechanical and operating condition of this equipment. One significant advantage of vibration analysis is that it can detect developing problems before they get serious and lead unscheduled downtime. This can be accomplished by monitoring machine vibrations on a routine basis, either continuously or at predetermined intervals.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for Embedded Vibration Monitoring System is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Embedded Vibration Monitoring System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GENERAL ELECTRICS (United States), Meggitt PLC (United Kingdom), NATIONAL INSTRUMENTS CORP. (United States), ROCKWELL AUTOMATION INC. (United States), SKF (Sweden), Honeywell International Inc. (United States), Schaeffler Group (Germany) and Bruel & Kiaer Sound & Vibration Measurement A/S (Denmark) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are ANALOG DEVICES INC. (United States) and EMERSON ELECTRIC CO. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Embedded Vibration Monitoring System market by , Application (Energy & Power, Metals & Mining, Oil & Gas, Automotive, Food & Beverages and Others) and Region.
On the basis of geography, the market of Embedded Vibration Monitoring System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Types of Vibration Sensors, the sub-segment i.e. Piezo Vibration Sensors will boost the Embedded Vibration Monitoring System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Embedded Vibration Monitoring System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement In Vibration Monitoring Systems Has Integrated New Wireless Technology
Market Growth Drivers:
Growing Awareness About Predictive Maintenance and Growing Acceptance Of Automation Condition Monitoring Technologies
Challenges:
Complexity Involved In Connecting To Vibration Monitoring System and Intense Competition Among Players
Restraints:
High Cost Associated With Installation Of Vibration Monitoring System and Lack Of Skilled Workforce To Operate Vibration Monitoring System
Opportunities:
Development And New Invention In the Vibration Monitoring Fuel Demand For Market and Increasing Investment in Research and Development Activities Related to Vibration Monitoring Among Players
Market Leaders and their expansionary development strategies
On 26 August 2021, Analog Devices, Inc. announced the completion of its previously announced acquisition of Maxim Integrated Products, Inc. The combination further strengthens ADI’s position as a high-performance analog semiconductor company
In October 2023, Wilcoxon Sensing Technologies, an Amphenol company, has released the LVEP050-TO5 ultra-low power accelerometer designed to be embedded into wireless vibration sensors and other battery-powered vibration measurement applications.
Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.