Research Report on “
Global Vibration
Meter Market 2016-2020 ”
Market overview of the
vibration meter market
A vibration meter is a device
that measures the vibrations and oscillations originating from
machines and components. The ability of these devices to accurately
monitor the machine condition is expected to result in this markets
steady growth during the forecast period. The stable growth of the
primary end-user segments like manufacturing, chemical processing,
and oil and gas is predicted to result in this markets steady CAGR of
nearly 7% by 2020.
In this market study,
Technavio market research analysts estimate the Americas to dominate
over all the other geographies during the forecast period. The
introduction of stringent safety restrictions and equipment
maintenance regulations in the North American region is expected to
impel the market for vibration meters in the Americas.
Market segmentation of the
vibration meters market by product
- Analog
- Digital
In this market study, analysts
have estimated the digital vibration meters segment to account for
nearly 85% of the overall market share during the forecast period.
The falling popularity of analog meters is a significant factor that
accounts for this segments high market share during the forecast
period.
End-user segmentation of
the vibration meter market
- Manufacturing
- Chemical processing
- Oil and gas
Technavios 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.
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Competitive landscape and
key vendors
This market is highly
fragmented due to the presence of multiple large and small vendors.
Though there are several vendors in the market with strong global
presence, most the domestic players have a larger share of the market
in their respective regions. However, it has been observed that
unlike other markets, there is no single business entity that
dominates this market during the forecast period.
The top five leading
vendors of the market include -
- Davis Instruments
- Extech
- Fluke
The other prominent vendors of
the market include Blamac, Castle Group, Cole-Parmer, Hansford,
Lutron Electronic Enterprise, MCM instruments, PCE instruments, and
Reed instruments.
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Table
of Content :
PART 01: Executive summary
Highlights
PART 02: Scope of the
report
Market overview
Top-vendor offerings
PART 03: Market research
methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
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