Vibration Sensor Market | Fundamental Dynamics and Global Assessment to 2030 – themobility.club

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the global vibration sensor market was rated at $4,081.1 million in 2020 for $6,682.9 million by 2027, at a CAGR of 7.3% from 2021 to 2027. In an increasingly competitive industrial market, new features are needed to produce smarter machines. Machine condition monitoring has become a basic need, which is expected to drive the demand for vibration sensors during the forecast period. There is a growing need for high-performance operational products due to the growing importance of industrial clusters around the world. This has increased the demand for vibration sensors as they are an integral part of defining product efficiency.

Monitoring and analysis of machinery or other critical equipment in various industrial sectors has become crucial for the predictive maintenance program. Typical applications require vibration measurements in the horizontal, vertical, and axial directions on inboard and outboard motor bearings. In the industrial sector, the vibration levels captured by these sensors are used to analyze the state of machines. If corrections are needed, the sensors can give corrective procedures that need to be performed.

Additionally, companies are focusing on deploying technologies that identify when, why, and how assets will fail. Companies are also focusing on quickly identifying and prioritizing common mechanical problems such as bearing faults, gear wear, under-lubrication and pump cavitation, allowing them to focus more on critical tasks. With the increase in energy demand, there is a growing need for energy efficiency, which can only be achieved from optimal maintenance of power supply machinery. Ensuring all equipment is running optimally remains a key priority for manufacturers, many of whom are turning to predictive maintenance, technology and enabling solutions at their production site.

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Global Vibration Sensor Market Dynamics

Drivers: Growing Need for Machine Health Monitoring and Maintenance

The advent of various approaches to diagnosing machinery and bearing health has revolutionized machinery maintenance activities globally. With a focus on mass production at low cost, today’s maintenance professionals are turning to condition monitoring to succeed in this fiercely competitive environment. Globally, environmental regulations on emissions are on the rise. Rules often require continuous monitoring and measurement of polluting gases, dust and other toxic materials. There is a need to ensure the availability of the data needed by environmental regulators to ensure business continuity. Otherwise, fines and penalties up to and including plant shutdown could be imposed.

Boosted by its success in a wide range of applications, from turbine protection to bearing monitoring in paper machines, monitoring techniques improve product characteristics with a clear eye to the future and are competitive on the World Scene. The increasing use of wireless communication technology and the growth of HVAC systems are significant factors influencing the market. The growing awareness among organizations has led to increased adoption of condition monitoring techniques to optimize asset health, which has also boosted the market growth.

Restrictions: demand volatility

The main limitation of the market is fluctuating demand from vertical end users. The demand is not fixed among the end user sector which acts as a challenge for its manufacturing plans. The rejection rate in manufacturing facilities is either due to damage or low sensitivity, which reduces overall production capacity. Additionally, rapidly changing requirements in the automotive, medical, and aerospace industries are creating the need for more precise measurements. For example, ensuring the quality of the final product is always the top priority in the automotive and healthcare industries. This is why strict standards are specified for this purpose. Especially if many individual components are assembled to form a single product, suppliers must test each component, which is the only way to guarantee the quality of the final product. In many cases, the only solution is to integrate monitoring systems into the production process. Additionally, demanding industries such as aerospace and aviation operate in very harsh and costly environments.

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Report scope

The study categorizes the Vibration Sensors market based on product, monitoring process, technology, material, end-user, and regions.

By Product Outlook (Revenue, 2017-2027, USD Million)

  • Accelerometers
  • Speed ​​sensors
  • Non-contact displacement transducers
  • Others

By monitoring process outlook (Revenue, 2017-2027, USD Million)

  • Online vibration monitoring
  • Portable vibration monitoring

By Technology Outlook (Revenue, 2017-2027, USD Million)

  • Piezoresistive
  • Strain gauge
  • variable capacity
  • Hand probe
  • Optical sensor
  • Triaxial sensors
  • Others

By Material Outlook (Revenue, 2017-2027, USD Million)

  • doped silicon
  • Piezoelectric ceramic
  • Quartz

By End-User Insights (Revenue, 2017-2027, USD Million)

  • Automotive
  • Health care
  • Aeronautics and Defense
  • Consumer electronics
  • oil and gas
  • Others

Outlook by Region (Revenue, 2017-2027, USD Million)

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

Non-contact displacement transducers are estimated to be the fastest growing segment during the forecast period

On the basis of product, the global vibration sensor market has been segmented into accelerometers, velocity sensors, non-contact displacement transducers, and other products. Non-contact displacement transducers was the fastest growing segment with a CAGR of 8.5% in the global vibration sensor market forecast 2021-2027.

Displacement sensors or proximity sensors, also known as non-contact displacement sensors, measure shaft position or movement (vibration) without physical contact to determine internal movement and clearance on bearings. This type of sensor measures a range of frequencies from 1 to 1500 Hz and low amplitudes, typical for plain bearing applications. A non-contact proximity sensor consists of three parts: a probe, an extension lead, and a driver, which together create a tuned frequency oscillation, which is disturbed by the metal surface of the target. Displacement sensors convert motion or vibration into electromagnetic, electrostatic, or magnetoelectric signals that can be read and converted into data and a readable format.

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Asia-Pacific accounts for the highest CAGR over the forecast period in the vibration sensor market

Based on region, the global vibration sensor market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Asia-Pacific accounts for the highest growth rate of 7.8% in the global vibration sensor market over the forecast period. The Asia Pacific Vibration Sensor Market is analyzed in Japan, China, India, Australia and Rest of Asia Pacific. These countries provide lucrative opportunities for the players operating in the Vibration Sensors market. In the Asia-Pacific region, Japan is the fastest growing country with a CAGR of 8.3% during the forecast period 2021-2027.

Japan is the main manufacturer of components for the consumer electronics market. Hence, the region is home to many industry vendors, such as Samsung Electronics, Sony, Canon, Toshiba, Panasonic, Hitachi, Nikon, and Casio. This creates a demand for vibration sensors in the maintenance of manufacturing assets for end products, such as laptops and smartphones. Furthermore, the region is striving to enhance its flexibility with national oil reserves by introducing strategic space that will allow the country to efficiently source crude oil in line with the needs of the refining sector in lighter grades.

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Main market players

The global vibration sensor market is fragmented into few major players, and other local, small and medium manufacturers include Rockwell Automation Inc., TE Connectivity Ltd, SKF GmbH, National Instruments Corporation, NXP Semiconductors NV, Texas Instruments Incorporated, Honeywell International Inc., Analog Devices Inc., Emerson Electric Corp., Hansford Sensors Ltd and Bosch Sensortec GmbH.

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