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Vibration Monitoring Market SWOT Analysis and Key Business Strategies Featuring GE, Rockwell, Meggit, Emerson, Honeywell

2020 - 2028 Global Vibration Monitoring Market

2020 - 2028 Global Vibration Monitoring Market

HYDERABAD, TELANGANA, INDIA, March 3, 2022 / -- Vibration Monitoring Market Forecasts to 2028 – Global Analysis By Offering (Hardware, Software, Services), System Type (Vibration Analyzers, Vibration Meters, Embedded Systems) and By Geography

The Global Vibration Monitoring Market is accounted for $1.30 billion in 2020 and is expected to reach $2.55 billion by 2028 growing at a CAGR of 8.8% during the forecast period. Factors such as growing popularity of smart manufacturing, rising awareness regarding predictive maintenance, and growing adoption of wireless technology are driving the growth of the market. However, lack of trained workforce is hampering the growth of the market. The online vibration monitoring segment is anticipated to expand at a rapid pace during the forecast period due to the increasing demand from industries that require continuous monitoring of assets and machinery. North America is going to have high growth during the forecast period which can be attributed to the growing focus on optimum asset utilization along with the strict government regulations for workplace safety.

Some of the key players profiled in the Vibration Monitoring Market include General Electric Corporation, Rockwell Automation, Inc., Meggit PLC, Emerson Electric Company, Honeywell International Inc., Teledyne FLIR, Parker Hannifin, National Instruments Corporation, Schaeffler AG, Bruel & Kjaer Sound & Vibration Measurement, PCB Piezotronics Inc., Analog Devices Inc., Data Physics Corporation, SPM Instrument AB, and Azima DLI Corporation.

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