Market Research Future published a research report on “Vibration Monitoring Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Rapid industrialization is inducing high demand for advanced security feature in various end-use industries. Vibration monitoring systems are used to determine the chances of mechanical failure of industrial equipment. It decreases the operational and maintenance cost by reducing the unplanned occurrences of outages. Market Research Future (MRFR) has published a report stating that the global Vibration Monitoring Market to expand at a notable CAGR of over 6.6% during the forecast period of 2017-2023 and reach the market valuation of USD 2.03 Bn by the end of 2023.
The prominent players in the Vibration Monitoring Market are – Honeywell International Inc. (US), Emerson Electric Co. (US), General Electric (US), Analog Devices Inc.(US), SKF AB (Sweden), National Instruments Corp. (US), Rockwell Automation, Inc. (US), Schaeffler Technologies AG & Co. KG (Germany), Bruel & Kiaer Sound & Vibration Measurement A/S (Denmark), and Meggitt PLC (UK), among others.
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