“Vibration Monitoring Market by Component (Hardware, Software, and Services), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), Industry, and Geography – Global Forecast to 2023″, the Vibration Monitoring market is expected to grow from USD 1.19 Billion in 2016 and to reach USD 1.85 Billion by 2023, at a CAGR of 6.5% during the forecast period.
General Electric (US) and Emerson Electric Co. (US) are the Two of the Key Players in the Vibration Monitoring Market
Vibration monitoring is an important aspect of condition-based maintenance, which is gaining traction as the most effective strategy for conducting maintenance activities in various industries. Vibration monitoring systems aid increased visibility into the machine operations. The information provided by vibration monitoring systems helps in determining probable failures well in advance and taking corrective steps in a planned manner.
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It offers portable vibration analyzers, proximity sensor systems, portable vibration calibrators, accelerometers, tachometers, portable vibration data collectors, vibration transducers, and so on, through its vibration monitoring solution portfolio. Emerson is a well-known provider of vibration monitoring solutions. The company offers vibration monitoring solutions under the brand name CSI technology through its Process Management segment.
It also offers continuous protection and prediction monitoring systems, vibration transmitters, AMS machinery manager software, and sensors. In addition, Emerson Electric provides maintenance services and training courses pertaining to vibration monitoring systems. SKF AB (Sweden), National Instruments Corp. (US), Honeywell International Inc. (US), Meggitt PLC (UK), Rockwell Automation, Inc. (US), Schaeffler Technologies AG & Co. KG (Germany), Brüel & Kjaer Sound & Vibration Measurement A/S (Denmark), and Analog Devices Inc. (US) are some of the companies operating in the vibration monitoring market.
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