North America vibration monitoring market stood at more than $ 738 million in 2019 and is forecast to grow at an impressive rate more than 7.5% CAGR by 2026, owing to growing focus of companies towards reducing maintenance & labor costs, improving machinery uptime, streamlining manufacturing process and boosting productivity. Moreover, rising demand for comprehensive vibration monitoring solutions integrating machine learning, cloud computing and big data analytics capabilities would positively influence the region’s vibration monitoring market. Some of the other key factors that are expected to drive the market are growing oil & gas production, increasing application of Internet of Things (IoT) to develop smart factories and rising adoption of wireless & online vibration monitoring.

The North America vibration monitoring market is segmented by offering, by monitoring process, by steam type, and by industry. Based on the offering segment of the market the North America vibration monitoring market is further bifurcated into hardware and software monitoring. The market asserts a need for real-time and remote condition monitoring, this increases the deployment of vibration monitoring software to facilitate the proactive management of assets. Moreover, data volume being generated from vibration monitoring hardware is increasing at a robust pace, leading to the demand for efficient, reliable, and secure data storage and effective management as well as data analysis.

Some of the major players operating in North America vibration monitoring market are Baker Hughes, a GE Company, LLC, Emerson Electric Co., SKF USA Inc., Honeywell International Inc., National Instruments Corporation, Schaeffler Group USA Inc., Rockwell Automation, Inc., Meggitt (North Hollywood), Inc., Analog Devices, Inc., and Bruel & Kjaer North America Inc.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

· To define, classify and forecast North America vibration monitoring market on the basis of offering, monitoring process, system type, industry and country.

· To analyze and forecast North America vibration monitoring market size.

· To analyze and forecast North America vibration monitoring market with respect to offering: hardware and software.

· To analyze and forecast North America vibration monitoring market with respect to monitoring process: portable and online.

· To analyze and forecast North America vibration monitoring market with respect to system type: vibration analyzer, embedded systems and vibration meters.

· To analyze and forecast North America vibration monitoring market with respect to industry (oil & gas, energy & power, chemicals, marine, automotive and   others).

· To assess the detailed market segmentation and forecast the market size by segmenting North America vibration monitoring market into countries, namely –   United  States, Canada and Mexico.

· To identify the tailwinds and headwinds for North America vibration monitoring market.

· To identify the drivers and challenges for North America vibration monitoring market.

· To strategically profile leading players driving innovation and technological advancements in North America vibration monitoring market.



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TechSci Research performed exhaustive secondary research as well as primary research for this study. Initially, TechSci Research sourced a list of vibration monitoring companies across the region. 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 was able to include the providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels, and presence of all major vibration monitoring companies in North America.

TechSci Research calculated North America vibration monitoring market size using a bottom-up approach, where data for different components of standard application (industry, such as oil & gas, energy & power, chemicals, marine, automotive, etc.) was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, annual reports, press releases, Machinery Information Management Open System Alliance (MIMOSA), International Organization for Standardization (ISO), Swedish Standards Institute, American Petroleum Institute (API), U.S. Energy Information Administration (EIA), Statistical Review of World Energy, Investor Relations, Whitepapers, etc., were also studied by TechSci Research.

Key Target Audience:

  • Vibration Monitoring solution providers and other stakeholders
  • Associations, organizations, forums and alliances related to vibration monitoring
  • Government bodies such as regulating authorities and policymakers
  • Research organizations and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vibration monitoring equipment OEMs, software & service providers, distributors and partners. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.  

Report Scope:

In this report, North America vibration monitoring market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  • Market, by Offering:
    • Hardware
    • Software
  • Market, by Monitoring Process:
    • Portable
    • Online
  • Market, by System Type:
    • Vibration Analyzer
    • Embedded Systems
    • Vibration Meters
  • Market, by Industry:
    • Oil & Gas
    • Energy & Power
    • Chemicals
    • Marine
    • Automotive
    • Others
  • Market, by Country:
    • United States
    • Canada
    • Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in North America vibration monitoring market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Additional Customization:

·         Profiling of additional market players (up to five)

1.       Product Overview

2.       Research Methodology

3.       Executive Summary

4.       Impact of COVID-19 on North America Vibration Monitoring Market

5.       Voice of Customer

5.1.    Monitoring Process

5.2.    Factors Driving Adoption

5.3.    Key Benefits

5.4.    Challenges

5.5.    Key Drivers

6.       Global Vibration Monitoring Market Overview

7.       North America Vibration Monitoring Market Landscape

8.       North America Vibration Monitoring Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Offering (Hardware and Software)

8.2.2.By Monitoring Process (Portable and Online)

8.2.3.By System Type (Vibration Analyzer, Embedded Systems and Vibration Meters)

8.2.4.By Industry (Oil & Gas, Energy & Power, Chemicals, Marine, Automotive and Others)

8.2.5.By Company

8.2.6.By Country

8.3.    Market Attractiveness Index

8.4.   North America: Country Analysis

8.4.1.  United States Vibration Monitoring Market Outlook

8.4.1.1.   Market Size & Forecast

8.4.1.1.1.     By Value

8.4.1.2.   Market Share & Forecast

8.4.1.2.1.     By System Type

8.4.1.2.2.     By Industry

8.4.2.  Canada Vibration Monitoring Market Outlook

8.4.2.1.   Market Size & Forecast

8.4.2.1.1.     By Value

8.4.2.2.   Market Share & Forecast

8.4.2.2.1.     By System Type

8.4.2.2.2.     By Industry

8.4.3.  Mexico Vibration Monitoring Market Outlook

8.4.3.1.   Market Size & Forecast

8.4.3.1.1.     By Value

8.4.3.2.   Market Share & Forecast

8.4.3.2.1.     By System Type

8.4.3.2.2.     By Industry

9.       Market Dynamics

9.1.    Drivers

9.2.    Challenges

10.   Market Trends & Developments

11.   Policy & Regulatory Landscape

12.   Competitive Landscape

12.1.  Competitive Benchmarking

12.2.  Company Profiles

12.2.1.    Baker Hughes, a GE Company, LLC

12.2.2.    Emerson Electric Co.

12.2.3.    SKF USA Inc.

12.2.4.    Honeywell International Inc.

12.2.5.    National Instruments Corporation

12.2.6.    Schaeffler Group USA Inc.

12.2.7.    Rockwell Automation, Inc.

12.2.8.    Meggitt (North Hollywood), Inc.

12.2.9.    Analog Devices, Inc.

12.2.10.    Bruel & Kjaer North America Inc.

13.   Strategic Recommendations

14.   About Us & Disclaimer

  • List of Figures

    Figure 1: North America Vibration Monitoring, By Monitoring Process (N=75)

    Figure 2: North America Vibration Monitoring, By Factors Driving Adoption (N=75) (1=Least Important, 3=Neutral and 5= Very Important)

    Figure 3: North America Vibration Monitoring, By Key Benefits(N=75) (1=Least Important, 3=Neutral and 5= Very Important)

    Figure 4: North America Vibration Monitoring, By Challenges (N=75)

    Figure 5: North America Vibration Monitoring, By Key Drivers (N=75)

    Figure 6: North America Vibration Monitoring Market Size, By Value (USD Million), 2016-2026F

    Figure 7: North America GDP at Current Prices, 2010-2019 (USD Trillion)

    Figure 8: North America GNI per Capita, Atlas Method, 2010-2019 (USD)

    Figure 9: North America Vibration Monitoring Market Share, By Offering, By Value, 2016-2026F

    Figure 10: North America Vibration Monitoring Market Share, By Monitoring Process, By Value, 2016-2026F

    Figure 11: North America Vibration Monitoring Market Share, By System Type, By Value, 2016-2026F

    Figure 12: North America Vibration Monitoring Market Share, By Industry, By Value, 2016-2026F

    Figure 13: North America Vibration Monitoring Market Share, By Company, By Value, 2020

    Figure 14: North America Vibration Monitoring Market Share, By Country, By Value, 2016-2026F

    Figure 15: North America Vibration Monitoring Market Attractiveness Index, By Offering, By Value, 2021E-2026F

    Figure 16: North America Vibration Monitoring Market Attractiveness Index, By Monitoring Process, By Value, 2021E-2026F

    Figure 17: North America Vibration Monitoring Market Attractiveness Index, By System Type, By Value, 2021E-2026F

    Figure 18: North America Vibration Monitoring Market Attractiveness Index, By Industry, By Value, 2021E-2026F

    Figure 19: North America Vibration Monitoring Market Attractiveness Index, By Country, By Value, 2021E-2026F

    Figure 20: United States’ Share in North America Vibration Monitoring Market, By Value, 2020 & 2026F

    Figure 21: US Total Investment, 2013-2023F (% of GDP)

    Figure 22: US Total Expenditure, 2013-2023F (% of GDP)

    Figure 23: Industrial production in the United States, Jan 18 – Nov 18, (%)

    Figure 24: United States Crude Oil Imports & Exports, 2010-2016 (Thousand Barrels Per Day)

    Figure 25: United States GDP, 2012-2020F (USD Trillion)

    Figure 26: Number of Onshore Oil & Gas wells drilled in The USA, By State, 2016-2019

    Figure 27: United States Vibration Monitoring Market Share, By System Type, By Value, 2016-2026F

    Figure 28: United States Vibration Monitoring Market Share, By Industry, By Value, 2016-2026F

    Figure 29: Canada’s Share in North America Vibration Monitoring Market, By Value, 2020 & 2026F

    Figure 30: Canada Crude Oil Consumption, 2010-2016 (Thousand Barrels Per Day)

    Figure 31: Number of Active Oil & Gas Rigs in Canada, 2013-2019

    Figure 32: Canada GDP at Current Prices, 2013-2023F (USD Billion)

    Figure 33: Canada Real GDP Percentage Distribution, By Aggregate Sector, 2019 & 2026F

    Figure 34: Canada Vibration Monitoring Market Share, By System Type, By Value, 2016-2026F

    Figure 35: Canada Vibration Monitoring Market Share, By Industry, By Value, 2016-2026F

    Figure 36: Mexico’s Share in North America Vibration Monitoring Market, By Value, 2020 & 2026F

    Figure 37: Oil Production in Mexico (Million Tonnes), 2007-2019

    Figure 38: Primary Energy Consumption in Mexico (Million Tonnes Oil Equivalent), 2007-2019

    Figure 39: Motor Vehicle Production in Mexico, By Volume (Million Units), 2007-2019

    Figure 40: Mexico Industrial Production Growth Rate, 2012-2019

    Figure 41: Mexico GDP Per Capita, 2013-2020F (USD)

    Figure 42: Mexico Vibration Monitoring Market Share, By System Type, By Value, 2016-2026F

    Figure 43: Mexico Vibration Monitoring Market Share, By Industry, By Value, 2016-2026F

     

    List of Tables

    Table 1: United States Vibration Monitoring Market Size, By Value (USD Million), 2016-2026F

    Table 2: Canada Vibration Monitoring Market Size, By Value (USD Million), 2016-2026F

    Table 3: Status of Hydropower Development in Canada

    Table 4: Mexico Vibration Monitoring Market Size, By Value (USD Million), 2016-2026F