NEW YORK, Oct. 20, 2023 /PRNewswire/ — The industrial vibration sensor market is expected to grow by USD 3.32 billion between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 7.95% during the forecast period. The market is segmented by end-user (process industries and discrete industries), product (acceleration sensor, displacement sensor, velocity sensor, and others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). The report also covers information on trends and challenges. Explore detailed information by purchasing a report
Technavio has announced its latest market research report titled Global Industrial Vibration Sensor Market 2023-2027
The growing need for intelligent and compact vibration sensors is a key factor driving market growth. The increasing demand for sensors in several sectors of the end-user industry is a result of improved integrated and modular sensor designs. Devices such as micro-electromechanical systems (MEMS) and nanoelectromechanical systems (NEMS) are highly sensitive to different stimuli such as temperature, pressure, and even the presence of an obstruction. Moreover, the players in the market are offering their customers innovative sensor technologies. The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample
Key Highlights:
The report recognizes the following as some of the key players in the industrial vibration sensor market: AB SKF, ABB Ltd., Analog Devices Inc., CEC Vibration Products, Electro Sensors Inc., Hansford Sensors Ltd., Hofmann Mess und Auswuchttechnik GmbH and Co. KG, ifm electronic GmbH, Metra measurement and frequency technology in Radebeul eK, Monitran Ltd., Montronix GmbH, Murata Manufacturing Co. Ltd., OMRON Corp., PCB Piezotronics Inc., ROGA Instruments, Safran SA, Schaeffler AG, Sensonics Ltd., StrainSense Ltd., and TE Connectivity Ltd.
Industrial Vibration Sensor Market is fragmented in nature.
Market to observe 7.65% YOY growth in 2023.
Market Dynamics:
Major Trend
The emergence of fiber optic sensors is a major trend in the market.
These sensors are in high demand for heavy equipment due to their compactness, lightness, and sensitivity to chemicals and electromagnetic fields.
Moreover, those sensors can be used as part of systems that have low impact and make them suitable for real-time monitoring.
Significant Challenge
Lack of awareness and adherence to regulations is a significant challenge restricting market growth.
Inadequate training, planning, regulatory compliance, and inspection have increased the number of workplace accidents in a variety of sectors.
In addition, many companies and workers do not know how to train their staff or wear protective gear in the case of a hazardous environment because they fail to take account of precautionary measures and safety monitoring.
Keg Segments:
The acceleration sensor segment holds the largest market share. The speed sensors or accelerometers, which are excellent at the measurement of a large frequency spectrum, can achieve higher signal-to-noise ratios in all dynamic ranges. Moreover, accelerometers have advantages such as low size, suitable for confined spaces, reliable longwave response, and resilience to hot temperatures.
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Industrial Vibration Sensor Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.95% |
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Market growth 2023-2027 |
USD 3.32 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
7.65 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 41% |
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Key countries |
US, China, Japan, Germany, and the UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AB SKF, ABB Ltd., Analog Devices Inc., CEC Vibration Products, Electro Sensors Inc., Hansford Sensors Ltd., Hofmann Mess und Auswuchttechnik GmbH and Co. KG, ifm electronic GmbH, Metra measurement and frequency technology in Radebeul eK, Monitran Ltd., Montronix GmbH, Murata Manufacturing Co. Ltd., OMRON Corp., PCB Piezotronics Inc., ROGA Instruments, Safran SA, Schaeffler AG, Sensonics Ltd., StrainSense Ltd., and TE Connectivity Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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SOURCE Technavio