New York, October 17, 2017/Financeswire/: Market Research Engine has published a new report titled as “Vibration Monitoring Market By Product Type Analysis (Portable, Non – Portable); By Application Analysis (Aerospace & Defense, Automotive, Chemical, Metal & Mining) and by Regional Analysis – Global Forecast by 2016 – 2023”.

    Vibration monitoring system is used to detect the vibration data and automatically determines it, in order to identify significant changes that indicate the fault developing. It is a major component of predictive maintenance.

    The Global Vibration Monitoring Market is expected to exceed more than US$ 1.85 Billion by 2023 at a CAGR of 6.5% in the given forecast period.

    The major driving factors of Global Vibration Monitoring Market are as follows:

    • Requirement to decrease the operating costs of plants over several industrial domains
    • Increasing expenses on plant maintenance and rising costs of energy

    The restraining factors of ­ Global Vibration Monitoring Market are as follows:

    The Global Vibration Monitoring Market is segmented on the lines of its technology, application and regional. Based on technology segmentation it covers portable and non – portable; and based on application segmentation it covers Aerospace & Defense, Automotive, Chemical, Metal & Mining, and other application. The global vibration monitoring marketon geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    You Can Browse Full Report here: https://www.marketresearchengine.com/vibration-monitoring-market

    This report provides:

    1) An overview of the global market for vibration monitoringand related technologies.
    2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2023.
    3) Identifications of new market opportunities and targeted promotional plans for global vibration monitoring market.
    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

    Report scope:

    The scope of the report includes a detailed study of global and regional markets on Vibration Monitoring Marketwith the reasons given for variations in the growth of the industry in certain regions.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Emerson Electric Company, General Electric Corporation, Honeywell International, Inc., Rockwell Automation, Inc., SKF, Analog Devices, Inc., National Instruments Corporation, Meggitt PLC, AzimaDli Corporation, Bruel&Kjaer Sound & Vibration Measurement A/S, SPM Instrument AB. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

    The Global Vibration Monitoring Market has been segmented as below:

    By Product Type Analysis:

    • Portable
    • Non – Portable

    By Application Analysis:

    • Aerospace & Defense
    • Automotive
    • Chemical
    • Metal & Mining
    • Others

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

     

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    Website: https://www.marketresearchengine.com/

     

    Source: http://www.financeswire.com/vibration-monitoring-market-is-expected-to-exceed-us-2-00-billion-by-2023