DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Industrial Wireless Vibration Sensors Network Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2014 to 2024" report to their offering.
The global industrial wireless vibration sensors network market stood at US$ 903.2 Mn in 2015 and is estimated to expand with a CAGR of 5.4% from 2016 to 2024.
The vibration sensors have gained immense popularity in the manufacturing and processing related applications on account of its higher accuracy and effectiveness. In addition, increasing adoption of communication protocols such as WirelessHART and ISA 100.11a has further enabled the adoption of industrial wireless vibration sensors network into various manufacturing and processing units.
Some of the major factors driving the growth in the industrial wireless vibration sensors network market is the increasing need to ensure operations continuity and avoid machine downtime. With the use of sensors networks, plant operators can quickly and precisely identify any particular point of error and rectify the issue before resulting into machine failure. Thereby, the use of industrial wireless vibration sensors network helps plant owners to avoid huge losses associated with machine downtime.
Furthermore, by assessing vibration readings of various components within the machinery, the plant operators can continuously monitor the machines condition and predict the requirement of any appropriate maintenance services. Thereby, the overall industrial wireless vibration sensors network market is expected to witness significant growth during the forecast period.
- Market moving towards consolidation through various mergers and acquisitions
- High growth rate in the automobile, food and beverages industry
- Continued adoption in the manufacturing industry
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Industrial Wireless Vibration Sensors Network Market, By Communication Technology
Chapter 5 Industrial Wireless Vibration Sensors Network Market Analysis, By End-use Industry
Chapter 6 Global Industrial Wireless Vibration Sensors Network Market Analysis, By Geography
Chapter 7 Competitive Landscape
- ABB AS
- National Instruments Corporation
- SKF Group
- Schaeffler Group
- Pruftechnik Dieter Busch AG
- Evigia Systems, Inc.
- General Electric Company
- I-Care Group
- BeanAir Germany
- ETS Solutions Asia Pte Ltd.
- Preditec/IRM (Alava Ingenieros Group)
- Waites Wireless Sensor Technologies LLC
For more information about this report visit http://www.researchandmarkets.com/research/fzkxff/global_industrial