NEW
YORK, July 4, 2024 /PRNewswire/ -- The
global industrial vibration sensor market size is
estimated to grow by USD
4.11 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of
almost 8.96% during the forecast period. Growing need
for workplace safety is driving market growth, with a
trend towards growing innovation in vibration sensors.
However, availability of other vibration measuring devices
poses a challenge. Key market players include AB SKF, ABB
Ltd., Analog Devices Inc., CEC Vibration Products, Electro Sensors
Inc., Hansford Sensors Ltd., Hofmann
Mess und Auswuchttechnik GmbH and Co. KG, ifm electronic
gmbh, Metra measurement and frequency technology in Radebeul eK,
Monitran Ltd., Montronix GmbH, Murata Manufacturing Co. Ltd., OMRON
Corp., PCB Piezotronics Inc., ROGA Instruments, Safran SA,
Schaeffler AG, Sensonics Ltd., StrainSense Ltd., and TE
Connectivity Ltd..
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
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Industrial Vibration
Sensor Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
8.96%
|
Market growth
2024-2028
|
USD 4113.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
8.03
|
Regional
analysis
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 42%
|
Key
countries
|
China, US, Germany,
Japan, and UK
|
Key companies
profiled
|
AB SKF, ABB Ltd.,
Analog Devices Inc., CEC Vibration Products, Electro Sensors Inc.,
Hansford Sensors Ltd., Hofmann Mess und Auswuchttechnik GmbH and
Co. KG, ifm electronic gmbh, Metra measurement and frequency
technology in Radebeul eK, Monitran Ltd., Montronix GmbH, Murata
Manufacturing Co. Ltd., OMRON Corp., PCB Piezotronics Inc., ROGA
Instruments, Safran SA, Schaeffler AG, Sensonics Ltd., StrainSense
Ltd., and TE Connectivity Ltd.
|
Market Driver
The industrial vibration sensor market is experiencing
significant growth due to the increasing adoption of sensing
technology in various industries. Advanced sensors, such as
vibration sensors, are becoming more efficient and capable, thanks
to developments in electronic technology. These sensors play a
crucial role in research and development and production automation.
For instance, standalone vibration sensors for reciprocating
compressors have evolved from RMS vibration transmitters to shock
monitoring sensors, providing valuable data and ensuring proper
machine functioning. These advances enable plant managers to
enhance efficiency and drive market growth.
The Industrial Vibration Sensor market is experiencing
significant growth due to the increasing demand for predictive
maintenance in various industries. These sensors play a crucial
role in detecting anomalies in machinery, enabling early
identification of potential issues. Markets for Calibration,
Production, and Maintenance are key sectors driving the demand for
vibration sensors. Technologies like Artificial Intelligence and
Machine Learning are enhancing the capabilities of these sensors,
making them more accurate and efficient. The market for Vibration
Sensors is expected to continue its upward trend, with an
increasing focus on cost-effective and reliable
solutions.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The industrial
vibration sensor market faces competition from alternative
vibration measuring devices and software. Sensor tags, vibration
recorders, vibration meters, and vibration measurement systems are
affordable options for monitoring and analyzing machine vibration
levels. Their availability on e-commerce platforms increases their
accessibility, potentially reducing the demand for industrial
vibration sensors. This trend may impact the revenue growth of
industrial vibration sensor manufacturers during the forecast
period.
• The Industrial
Vibration Sensor market faces several challenges. Markets for
Predictions, Insights, and Projections require accurate and
reliable data. Sensors must be able to detect and measure
vibrations in various environments, including Outlook, Forecasts,
and Reports. Sensors must also be able to withstand harsh
conditions, such as those found in Growth and Devolution. Strategy
and Tactics are essential for selecting the right sensors for
specific applications. Uses include Monitoring, Intelligence, and
Analysis. Key players offer various technologies, such as
Accelerometers and Piezoelectric sensors. Challenges include
ensuring Usability, Sensitivity, and Durability. Sensors must also
be able to integrate with other systems, such as those for Sensing
and Control. Overall, the Industrial Vibration Sensor market
requires continuous innovation to meet the demands of various
industries.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This industrial vibration sensor market report extensively
covers market segmentation by
- End-user
- 1.1 Process industries
- 1.2 Discrete industries
- Product
- 2.1 Acceleration sensor
- 2.2 Displacement sensor
- 2.3 Velocity sensor
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Process industries- The industrial vibration
sensor market is experiencing growth in process industries,
including oil and gas, power, food and beverage, and
pharmaceuticals. Vibration sensors enhance production and quality
control, ensure minimal environmental impact, and enable remote
monitoring and predictive maintenance. In the oil and gas sector,
the digital oilfield revolution and IIoT adoption are driving
growth. The power industry is deploying vibration sensors to reduce
power losses and monitor renewable energy sources. In the food and
beverage industry, vibration sensors promote product quality,
prevent equipment malfunctions, and enhance packaging control.
Overall, industrial vibration sensors improve asset management,
compliance, and operational efficiency.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Industrial Vibration Sensor Market encompasses various types
of sensors, including Accelerometers, Piezoelectric Sensors, and
MEMS Sensors, used for monitoring machinery health in industries
such as Manufacturing Sector, Automotive Industry, Aerospace
Industry, Oil and Gas, and others. These sensors play a crucial
role in Condition Monitoring and Predictive Maintenance, enabling
End Users to identify potential issues before they escalate into
major failures. Wireless Sensors offer added benefits of remote
monitoring and real-time data analysis, enhancing operational
efficiency and productivity. The market for Industrial Vibration
Sensors is expected to grow significantly due to the increasing
demand for reliable and accurate machinery health monitoring
systems.
Market Research Overview
The Industrial Vibration Sensor Market encompasses sensors
designed to measure and monitor mechanical vibrations in industrial
settings. These sensors play a crucial role in predictive
maintenance, machine health assessment, and process optimization.
Technologies such as piezoelectric, accelerometers, and vibration
transducers are commonly used in industrial vibration sensors.
Conditions like temperature, humidity, and contamination can impact
sensor performance. Sensors are typically compact, rugged, and able
to withstand harsh environments. Applications include monitoring
rotating machinery, structural health assessment, and process
control. Analytics and AI are increasingly used to interpret sensor
data and provide actionable insights.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Process Industries
- Discrete Industries
- Product
-
- Acceleration Sensor
- Displacement Sensor
- Velocity Sensor
- Others
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio