India vibration monitoring market is projected to grow at strong CAGR over the next five years. The market growth can be attributed to growing inclination towards automation, rising demand towards maintenance technology, and shifting of manufacturing sector from preventive maintenance to predictive maintenance. Vibration monitoring is used primarily on rotating equipment to determine the operating and mechanical condition of these equipment. Maintenance processes have become more streamlined, and vibration monitoring decreases unnecessary human-mediated activities. Industries such as oil & gas, power, chemical & petrochemical, among others employ heavy and capital-intensive machinery and rely on operational efficiencies for profit making. Thus, these industries utilize vibration monitoring systems to avoid any catastrophe and ensure the safety of workers while enhancing productivity. Besides, high investments by market players in India vibration monitoring market to further advance technology with R&D measures, develop new products, and increase the application of vibration monitoring systems among various end-user industries are some of the factors propelling the growth of India vibration monitoring market. Growing acceptance of the wireless systems in machine condition monitoring technology and arrival of secure cloud computing platforms are expected to be the main drivers of India vibration monitoring market.
India vibration monitoring market is segmented into offering, monitoring process, system type, industry, company, and geography. Based on offering, the market is segmented into hardware, software, and services, in 2022, the hardware segment held largest share of vibration monitoring market in India due to growing demand for hardware components like sensors, transmitters and accelerometers etc. Moreover, development of new technologies, automated fault diagnostics and online monitoring programs are also the factors which are making India vibration monitoring market to grow during the forecast period.
Some of the leading players in the India vibration monitoring market are National Instruments Corporation, Analog Devices, Inc., Bruel & Kjaer Sound & Vibration Measurement A/S, Meggitt PLC, Schaeffler AG, Honeywell International Inc., SKF AB, Rockwell Automation, Inc., Emerson Electric Co., General Electric, etc.
Objective of the Study
- To analyse and forecast the market size of vibration monitoring, in terms of value.
- To classify and forecast India vibration monitoring market based on offering, monitoring process, system type, industry, and regional distribution.
- To identify drivers and challenges for India vibration monitoring market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India vibration monitoring market.
- To conduct the pricing analysis for vibration monitoring market.
- To identify and analyse the profile of leading players involved in the manufacturing of India vibration monitoring market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across India. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across India.
Market Insights Research calculated the market size of India
Key Target Audience
- Vibration monitoring manufacturers
- Distributors and traders
- Original equipment manufacturers (OEMs)
- Raw material suppliers
- Research organizations and consulting companies
- Research Institutes
- Industry associations
- Market research and consulting firm
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018- 2022 and 2023E-2028F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Offering · Monitoring Process · System Type · Industry |
| Regional scope | North, South, East, West |
| Key companies profiled | National Instruments Corporation, Analog Devices, Inc., Bruel & Kjaer Sound & Vibration Measurement A/S, Meggitt PLC, Schaeffler AG, Honeywell International Inc., SKF AB, Rockwell Automation, Inc., Emerson Electric Co., General Electric. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
