Vibration meters are used to detect velocity, displacement, and acceleration of vibrating objects. The vibration meters are primarily used in various end-user industries such as manufacturing, automotive, and agriculture among others. The increasing popularity of predictive and growing concerns towards reducing the risk of machine failure are the major factors supporting the growth of vibration meter market.
The "Global Vibration Meter Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the vibration meter market with detailed market segmentation by type, application, industry vertical, and geography. The report provides key statistics on the market status of the leading vibration meter market players and offers key trends and opportunities in the market.
- Based on type, the global vibration meter market is segmented into analog and digital.
- On the basis of application, the market is segmented into motors and cam analysis, bearing checks, gear movement and engagement, pumps, turbine monitoring, and others.
- Based on industry vertical, the market is segmented into manufacturing, chemical processing, oil and gas, energy and power, and others.
- Growing focus towards predictive maintenance, increasing demand from the automotive industry, and penetration of smart industry are the major factors that are expected to drive the growth of vibration meter market.
- High cost of addition of vibration meters is the major restraining factor for vibration meter market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vibration meter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vibration meter market in these regions.
IMPACT OF COVID-19 ON VIBRATION METER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the vibration meter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from vibration meter market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vibration meter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Dalian Teren Instruments Co., Ltd.
- FLIR Systems
- Fluke Corporation
- General Electric
- Honeywell International Inc
- KANOMAX USA, INC.
- Meggitt SA
- PCE Deutschland GmbH
- Shenzhen Jumaoyuan Science and Technology Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.