Vibration Sensors Market: A Complete Guide for Investors and Researchers
The global vibration sensors market size was USD 5.30 Billion in 2021 and is expected to register a revenue CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of Industrial Internet of Things (IIoT) with growing implementation of vibration analysis for predictive maintenance is one of the key factors driving market revenue growth.
In addition, rising demand for assessment tools for inspecting the health of rotating assets and provision of an early warning of deterioration as well as asset failure are other factors driving revenue growth of the market. Rapid growth of automotive and power generation industries has led to increase in demand for vibration screening, which enable quick detection, analysis, and diagnosis of identified asset to perform corrective action at appropriate time. Moreover, cost-effective, easy installation, and good response at high frequencies are some of the primary benefits provided by vibration sensors, which are driving growth of the market. Furthermore, predictive maintenance is becoming more prominent than preventive maintenance owing to saving time and financial resources by detecting potential flaws or problems early on, allowing for proactive remedial actions and therefore improving asset life.
On 18 May 2022, Sensata Technologies, launched a new asset monitoring solution, which enables predictive maintenance for rotary equipment and delivers actionable insights to plant managers. This new solution is developed in collaboration with Nanoprecise’ Artificial Intelligence (AI) to expand Sensata IQ asset monitoring platform capabilities to prevent potential failures and improve productivity of rotary asset. The new wireless IIoT sensor, which is easy to configure and install, allows plant managers to quickly detect early-stage faults thereby increasing working life of assets.
However, high-temperature environments in industrial, aerospace, and automotive vibration fields has led to operational issues as well as retrofitting costs for implementing vibration monitoring solutions, which are factors expected to restrain revenue growth of the market.
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The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
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The leading market contenders listed in the report are:
Analog Devices, Inc., ASC GmbH, Honeywell International Inc., Baker Hughes Company, TE Connectivity, Hansford Sensors, OMRON Corporation, Emerson Electric Co., NXP Semiconductors, Bosch Sensortec GmbH, and Baumer
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- North America
- Latin America
- Middle East & Africa
- Asia Pacific
Market Segmentations of the Vibration Sensors Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the forecast period. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Vibration Sensors market on the basis of product, application, and region:
Segments Covered in this report are:
- Type Outlook (Revenue, USD Billion; 2019-2030)
- Velocity sensors
- Proximity sensors
- Displacement sensors
- Technology Outlook (Revenue, USD Billion; 2019-2030)
- Strain gauge
- Variable capacitance
- Hand probe
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Consumer electronics
- Aerospace & defense
- Oil & gas
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How will this Report Benefit you?
An Emergen Research report of 250 pages contains 194 tables, 189 charts and graphics, and anyone who needs a comprehensive analysis of the global Vibration Sensors market, as well as commercial, in-depth analyses of the individual segments, will find the study useful. Our recent study allows you to assess the entire regional and global market for Vibration Sensors. In order to increase market share, obtain financial analysis of each segment and the whole market. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. In addition to helping you build growth strategies, improve competitor analysis, and increase business productivity, the research will also assist you in making better strategic decisions.
Additional information offered by the report:
- Along with a complete overview of the global Vibration Sensors market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Vibration Sensors market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
In conclusion, the Vibration Sensors Market report is an exhaustive database that will help readers formulate lucrative strategies. The Vibration Sensors Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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