Global Vibration Monitoring Equipment Market Growth 2019-2024

Vibration monitoring equipment is special equipment which can record and store the mechanical vibration and shock signal. It is typically defined as a means of preventing catastrophic failure in critical rotating machinery - such as power generation plant, larger pumps and main arterial conveying systems - and providing the data needed to accurately determine the optimal schedule for maintenance activities on this plant.
In the coming years there is an increasing demand for Vibration Monitoring Equipment in the regions of US and Europe that is expected to drive the market for more advanced Vibration Monitoring Equipment. Increasing of chemical industry fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on machinery manufacturing industry, retrofitting and renovation of old technology, increasing adoption of Vibration Monitoring Equipment will drive growth in United States and Europe markets.
Globally, the Vibration Monitoring Equipment industry market is low concentrated as the manufacturing technology of Vibration Monitoring Equipment is relatively matures than some high-tech equipment. And some enterprises, like SKF, GE, Rockwell Automation, etc. are well-known for the wonderful performance of their Vibration Monitoring Equipment and related services. At the same time, United States, occupied 38.86% production market share in 2015, is remarkable in the global Vibration Monitoring Equipment industry because of their market share and technology status of Vibration Monitoring Equipment.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.

According to this study, over the next five years the Vibration Monitoring Equipment market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Vibration Monitoring Equipment business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Vibration Monitoring Equipment market by product type, application, key manufacturers and key regions and countries.

This study considers the Vibration Monitoring Equipment value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Offline Vibration Monitoring Equipment
Online Vibration Monitoring Equipment
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Machinery Manufacturing
Chemical Industry
Vehicle
Electric Power
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
SKF
GE
Rockwell Automation
Emerson
Schaeffler AG
Honeywell
SHINKAWA Electric
National Instruments
Meggitt
SPM Instrument
Fluke(Danaher)
Siemens
RION
Expert
Instantel
Bruel & Kjaer
Donghua

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Vibration Monitoring Equipment consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Vibration Monitoring Equipment market by identifying its various subsegments.
Focuses on the key global Vibration Monitoring Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Vibration Monitoring Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Vibration Monitoring Equipment submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.