Vibration Monitoring Equipment (Portable & Non-Portable) Market worth $1,453.76 Million by 2020 - New Report by MarketsandMarkets
(PRWEB) April 30, 2015 -- According to a new market research report “Vibration Monitoring Equipment Market by Product (Portable & Non-Portable), Component (Accelerometer, Proximity Probe, & Others), Application (Aerospace & Defense, Automotive, Chemical, Metal & Mining, & Others), & Geography - Global Forecast to 2020", the total market is expected to reach $1,453.76 Million by 2020, at a CAGR of 6.6%.
Browse 71 market data tables and 92 figures spread through 205 pages and in-depth TOC on “Vibration Monitoring Equipment Market"
Further Report Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=29273491
Early buyers will receive 10% customization on this report.
Vibration monitoring systems help to reduce plant operating costs by reducing maintenance cost, optimizing maintenance activities during planned shutdowns, and minimizing the instances of unscheduled outages. The market over the next few years is likely to be driven by fast-paced technology developments and introduction of innovative products. Development of low-cost advanced vibration monitoring equipment integrated with quick processing functions, direct communication procedures, and improved software would attract tremendous opportunities for the market in the coming years.
The vibration monitoring equipment market is expected to grow from $986.59 Million in 2014 to $1,453.76 Million in 2020 at a CAGR of 6.6% between 2015 and 2020. The vibration monitoring equipment market is growing more rapidly in various segments and applications as compared to other condition monitoring products because it is capable of detecting the potential failure of machinery well in advance, it can locate the exact source of the problem in the machines, it can detect faults and machine deterioration before the occurrence of other symptoms like heat, sound, greater electrical consumption, and lubricant impurities. Therefore, vibration monitoring is an integral part of the machine condition monitoring program and it remains the most preferred condition monitoring tool.
The global vibration monitoring equipment market report describes the market trends, drivers, and challenges for the vibration monitoring and forecasts the market to 2020 based on components, products, applications, and geography. This global report gives a bird’s eye-view of the market across geographies, including North America, Europe, Asia-Pacific, and RoW (Rest of the World). North America is the largest region in terms of vibration monitoring equipment market size and is expected to retain its position till 2020, with U.S. and Canada occupying the major market share. Europe and APAC are also considered as promising markets, with Germany and the U.K. in Europe, and China and Japan in APAC growing rapidly.
The competitive landscape of the market presents valuable insights as to the players in the Vibration Monitoring Equipment Market. The global vibration monitoring equipment market report profiles 11 promising players in the market, and further explains their business overview, product portfolio, recent developments, and key strategies adopted. There are several new product developments and large scale collaborations & partnership agreements across the value chain between the companies.
Get the copy of Report @ http://www.marketsandmarkets.com/Market-Reports/vibration-monitoring-market-29273491.html
Browse related reports
Machine Condition Monitoring Market - Global Forecast to 2013 – 2020
http://www.marketsandmarkets.com/Market-Reports/machine-health-monitoring-market-29627363.html
About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Subscribe Reports from Semiconductor & Electronic @ http://www.marketsandmarkets.com/Subscription.html
Contact:
Mr. Rohan
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]
Share this article