India vibration monitoring market is projected
to grow at strong CAGR over the next five years. The market growth can be
attributed to growing inclination towards automation, rising demand towards
maintenance technology, and shifting of manufacturing sector from preventive
maintenance to predictive maintenance. Vibration monitoring is used primarily
on rotating equipment to determine the operating and mechanical condition of
these equipment. Maintenance processes have become more streamlined, and
vibration monitoring decreases unnecessary human-mediated activities.
Industries such as oil & gas, power, chemical & petrochemical, among
others employ heavy and capital-intensive machinery and rely on operational
efficiencies for profit making. Thus, these industries utilize vibration
monitoring systems to avoid any catastrophe and ensure the safety of workers
while enhancing productivity. Besides, high investments by market players in
India vibration monitoring market to further advance technology with R&D
measures, develop new products, and increase the application of vibration
monitoring systems among various end-user industries are some of the factors
propelling the growth of India vibration monitoring market. Growing acceptance
of the wireless systems in machine condition monitoring technology and arrival
of secure cloud computing platforms are expected to be the main drivers of
India vibration monitoring market.
India vibration monitoring market is
segmented into offering, monitoring process, system type, industry, company,
and geography. Based on offering, the market is segmented into hardware,
software, and services, in 2022, the hardware segment held largest share of
vibration monitoring market in India due to growing demand for hardware
components like sensors, transmitters and accelerometers etc. Moreover,
development of new technologies, automated fault diagnostics and online
monitoring programs are also the factors which are making India vibration
monitoring market to grow during the forecast period.
Some of the leading players in the India
vibration monitoring market are National Instruments Corporation, Analog
Devices, Inc., Bruel & Kjaer Sound & Vibration Measurement A/S, Meggitt
PLC, Schaeffler AG, Honeywell International Inc., SKF AB, Rockwell Automation,
Inc., Emerson Electric Co., General Electric, etc.
Objective of the Study:
- To analyse and forecast the market size of vibration monitoring, in
terms of value.
- To classify and forecast India vibration monitoring market based on
offering, monitoring process, system type, industry, and regional
distribution.
- To identify drivers and challenges for India vibration monitoring
market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in India vibration monitoring
market.
- To conduct the pricing analysis for vibration monitoring market.
- To identify and analyse the profile of leading players involved in
the manufacturing of India vibration monitoring market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across India. Subsequently, TechSci Research
conducted primary research surveys with the identified companies. While
interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analysed the service offerings, distribution channels and presence of all
major collaboration manufacturers across India.
TechSci
Research calculated the market size of India Vibration Monitoring using a
bottom-up approach, where data for various end user industries and its
application across various product types were recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analysing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Vibration monitoring
manufacturers
- Distributors and traders
- Original equipment
manufacturers (OEMs)
- Raw material suppliers
- Research organizations and
consulting companies
- Research Institutes
- Industry associations
- Market research and
consulting firm
The study is useful in providing answers to several critical questions
that are important for the industry stakeholders such as collaboration service
providers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2022
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Historical Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million and CAGR for
2018- 2022 and 2023E-2028F
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Report coverage
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Revenue forecast, company share,
competitive landscape, growth factors, and trends
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Segments covered
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·
Offering
·
Monitoring Process
·
System Type
·
Industry
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Regional scope
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North, South, East, West
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Key companies profiled
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National Instruments Corporation,
Analog Devices, Inc., Bruel & Kjaer Sound & Vibration Measurement
A/S, Meggitt PLC, Schaeffler AG, Honeywell International Inc., SKF AB,
Rockwell Automation, Inc., Emerson Electric Co., General Electric.
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Customization scope
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10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet
your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can
also provide the editable version of the report in PPT/Word format on special
request)
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Report Scope:
In this report, India Vibration Monitoring market has been
segmented into following categories, in addition to the industry trends which
have also been detailed below:
- India Vibration Monitoring Market, By
Offering:
- Hardware
- Software
- Services
- India Vibration Monitoring Market,
By Monitoring Process:
- India Vibration Monitoring Market,
By System Type:
- Embedded Systems
- Vibration Meters
- Vibration Analysers
- India Vibration Monitoring Market,
By Industry:
- Energy & Power
- Chemical
- Automotive
- Food & Beverages
- Oil & Gas
- Marine
- Pulp & Paper
- Aerospace & Defence
- Others
- India Vibration Monitoring Market,
by Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Vibration Monitoring.
Available Customizations:
With the given market data, TechSci Research offers
customizations according the company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
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delivery of this report or want to confirm the date of release, please contact
us at sales@techsciresearch.com
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com