Vibration Analyzer Market
Vibration Analyzer Market 2019-2029: Smart Vibration Analyzers Gaining Traction
- Ongoing
- May 2020
- REP-GB-9503
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This Vibration Analyzer market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Vibration Analyzer market.
Introduction
Vibration analyzer is a handheld measurement device for the individual assessment of vibration on the machines and systems. Vibration analyzer is also used for measuring speed, distance, and acceleration of the machines in various industries such as automotive, mining, electronics, aerospace and defense, energy and power. With the help of vibration analyzer, the actual state of the machines and system can be determined accurately.
Regular use of vibration analyzer in industries to maintain the proper functioning of machines is boosting the growth of the vibration analyzer market globally. Some of the aspects such as growing need for vibration monitoring through wireless system, growing demand for industrial applications are fuelling the growth of the vibration analyzer market.
Vibration analyzers are used for the identification of machine faults, localization of affected components, optimization of spare parts logistics and planning of maintenance measures. Increasing demand for the vibration analyzer due to its failure identifying capability is ultimately boosting the demand for vibration analyzer market. Technical features such as automatic shutdown, wide frequency range, light in weight and equipped with magnetic wall mount make vibration analyzers user-friendly. Affordable prices of the vibration analyzers with user-friendly interface creates considerable demand for analyzers in the market.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
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High adoption of vibration analyzer for predictive maintenance
Vibration analyzers are used in industries to ensure the proper maintenance of the machineries. Increasing use of vibration analyzer in industries to perform vibration analysis of machineries is propelling the demand for vibration analyzer in the market. Rapidly growing industries such as food and beverage, electronics, aerospace, and defense require vibration analyzers on large scale for maintenance purposes. Frequent use of this analyzer in these industries is contributing to the growth of vibration analyzer market across the globe.
High accuracy and quick turnaround time account for escalating vibration analyzer sales
High adoption of vibration analyzer by maintenance professionals to remove the fault from the machineries is also driving the vibration analyzer market significantly. Vibration analyzer gives vibration testing results within few minutes, with detailed analysis. The ability of the vibration analyzer to provide accurate and reliable testing results with preventive measures is ultimately helping to grow the vibration analyzer market.
On the other hand, extra cost of maintenance on existing machineries is boosting the growth of sales of new equipment. New equipment is not required to be tested by vibration analyzers very frequently, which acts as a restraint for the growth of vibration analyzer market.
Vibration analyzer market: Competition Landscape
Increasing use of portable vibration analyzer in industries due to various factors such as easy to use, low cost and high-performance analysis creating the opportunities for the manufacturers to capture the significant market share of the vibration analyzer. Some of the key manufacturers of the vibration analyzers are PCE Deutschland GmbH, SKF, RION co., Ltd, National Instruments Corporation, Honeywell International Inc, ACOEM AB, Analog Devices, Inc. and Data Physics Corporation.
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Manufacturers are concentrating on providing advanced vibration analyzers to the end users. Recently, ACOEM AB, one of the manufacturers of the vibration analyzer launched smart vibration analyzer includes the features such as touchscreen interface, MS word reporting, Wireless Triaxial sensor, and Both right and left hand operation.
Vibration analyzer market: Regional Outlook
Increasing capital investments in aerospace and defense industry in the North America region is one of the prime factors that dominate the vibration analyzer market. Furthermore, growing food industry in this region is also fuelling the demand for analyzers. Europe is expected to follow North America region in terms of demand for vibration analyzer due to rapid industrial growth.
Moreover, APEJ region is expected to witness significant market growth rate over the forecast period due to increasing automotive manufacturing plant in the region. On the other hand, MEA region is expected to account for moderate market share in terms of demand for vibration analyzer due to increasing focus on industrial development.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- analyzer Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Technology
- Value Chain
- Market Drivers and Restraints
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)
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Vibration analyzer market: Segmentation
On the basis of product type, vibration analyzer market segmented into
- Portable
- Handheld
On the basis of application, vibration analyzer market segmented into
- Velocity and displacement measurement
- Vibration monitoring
On the basis of component, vibration analyzer market segmented into
- Hardware
- Software
On the basis of End use, vibration analyzer market segmented into
- Food and Beverage
- Electronics
- Automotive
- Aerospace and Defense
- Oil and gas
- Energy and power
- Others
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Frequently Asked Questions
What research methodology is used to develop the Vibration Analyzer Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Vibration Analyzer Market . This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Vibration Analyzer Market report?
In addition to up-to-date market figures and customized of the Vibration Analyzer Market , FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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