04-Oct-2019 | Zion Market Research
Zion Market Research has published a new report titled “Vibration Sensors Market By Product (Electromagnetic Velocity Sensors, Non-Contact Displacement Sensors, and Accelerometers) and By Application (Manufacturing, Healthcare, Energy & Power, Oil & Gas, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global vibration sensors market was USD 2.9 billion in 2018 and is expected to reach around USD 4.1 billion by 2025, at a CAGR of 5.1% between 2019 and 2025.
Vibration sensors are used for measuring, exhibiting, and analyzing displacement and proximity, linear velocity, and acceleration of a device or machine. These sensors help in determining vibrations of a machine that can go unnoticed. The rising demand for vibration sensors in the oil and gas industry is fueling the market. Vibration monitoring has proven effective in determining machine health, reducing downtime, planning maintenance intervals, and avoiding any disastrous losses. Organizations, such as British Petroleum (BP), Shell, and PETRONAS, are focusing on investing in IoT to help streamline various processes. Vibration sensors are a vital part of the IoT network in the oil and gas sector, as they help in preventing any mishaps.
Browse the full “Vibration Sensors Market By Product (Electromagnetic Velocity Sensors, Non-Contact Displacement Sensors, and Accelerometers) and By Application (Manufacturing, Healthcare, Energy & Power, Oil & Gas, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/vibration-sensors-market
The growing sensors demand in the healthcare sector is fueling the vibration sensors market growth, as vibration sensors are mainly used in a wireless sensor network that consists of various sensors for measuring temperature, sound, light, and pressure. Various market players, such as TE Connectivity Ltd., are focusing on offering vibration sensors for the healthcare sector. However, maintaining regulatory compliance during the manufacturing of these sensors may adversely affect the market over the forecast time period. Alternatively, the adoption of advanced technologies, such as fiber optic sensors and laser interferometers, will open new growth avenues for this market in the upcoming years.
The vibration sensors market is fragmented on the basis of product and application. On the basis of the product, the market includes electromagnetic velocity sensors, non-contact displacement sensors, and accelerometers. Non-contact displacement sensors are expected to grow notably, owing to the technological advancements.
Based on the application, the vibration sensors market comprises manufacturing, healthcare, energy and power, oil and gas, and others. The manufacturing segment is projected to substantially demand vibration sensors over the forecast years, owing to the increasing adoption of automation in various manufacturing sectors like automotive, consumer electronics, etc. The oil and gas segment is expected to grow at a prominent rate in the years ahead, owing to the rising sensors demand in the Middle East and Africa.
The Asia Pacific is estimated to hold a notable share of the global vibration sensors market in the future. South Korea, China, India, and Japan will witness huge product demand. The Middle East and Africa is projected to witness considerable growth in the vibration sensors market over the forecast timespan, owing to the growing sensors demand in the oil and gas sector. The UAE, Saudi Arabia, and Qatar are anticipated to be the most attractive countries in this regional market.
Some key players in the vibration sensors market are Analog Devices, Honeywell International, Hansford Sensors, ASC, Keyence Corporation, MTI Instruments, Robert Bosch, National Instruments, TE Connectivity, and Safran Colibrys.
This report segments the global vibration sensors market into:
Global Vibration Sensors Market: Product Analysis
Global Vibration Sensors Market: Application Analysis
Global Vibration Sensors Market: Regional Analysis
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