DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g2bx3v/global_vibration) has announced the addition of the "Global Vibration Meter Market 2016-2020" report to their offering.
The stable growth of the primary end-user segments like manufacturing, chemical processing, and oil and gas is predicted to result in this market's steady CAGR of nearly 7% by 2020.
The market research analyst estimates the manufacturing segment to be the largest market segment during the forecast period. The market share of this segment is expected to reach close to 30% by the end of 2020 due to the recent increase in the new applications for vibrations meters.
The replacement of conventional accelerometer sensors with MEMS accelerometers in vibrator meters is a trend that is likely to gain popularity over the forecast period. The design and introduction of lighter and more portable vibration meters is also expected to be a fast growing trend over the next five years.
According to the report, vibration meters are used to identify, predict, and prevent the failure of machines such as motors, pumps, fans, gears, compressors, turbines, and any other machine that has rotational elements. These vibration meters are known for their accurate condition monitoring ability. Condition monitoring, when carried out properly, can result in significant cost savings.
Further, the report states that one of the biggest concerns in the vibration market is the high cost of these devices given that the devices are used only for monitoring the health of a machine.
- Davis Instruments
- SPM Instruments
- Castle Group
- Lutron Electronic Enterprise
- MCM instruments
- PCE instruments
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/g2bx3v/global_vibration