A recent report published by Infinium Global Research on vibration sensor market provides an in-depth analysis of segments and sub-segments in the global as well as regional vibration sensor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vibration sensor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global vibration sensor market. According to the report, the global vibration sensor market is projected to grow at a CAGR of 8.2% over the forecast period of 2019-2025.
A vibration sensor is a type of transducer that converts vibrations from any electronic or mechanical devices into electrical equivalent output. It is mainly used to measure vibration levels in rotary machines through recording of machine vibration, which helps to detect faults in a machine and provides a way to solve it in order to improve the security, safety of machines and workforce working in the environment. Further, it helps to detect a catastrophic event and also provides preventive measures for it. The vibration causes havoc in various applications such as hard disk performance, machine shafts, and bearings. This vibration causes damage to the machine, low performance, early replacement and adversely affects its accuracy. In such cases, vibration sensors are used to monitor and analyze linear velocity, displacement, and acceleration of machine to avoid any unwanted situation. The vibration sensor is made up of two basic piezoelectric materials i.e. quartz and piezoelectric ceramics. The growing competition and pressure on corporate performance make productivity is a primary concern for any business, hence to minimize the overall operating cost of industrial plants by using a vibration sensor as an indicator for machine health is necessary.
The factors which drive the global vibration sensor market are its long service life and a wide range of frequency. On the basis of vibration level, a frequency range of interest, temperature range required, electromagnetic field present and atmosphere combustible the frequency range of vibration sensor is adjustable, it provides a low and high-frequency range based on the requirement of the application. However, end-users approach, usability and high cost restrain the growth of the vibration sensor market. Moreover, the growing competition and pressure on corporate performance to increase productivity is a primary concern for any business. Hence, to decrease the overall operating cost of industrial plants by using a vibration sensor as an indicator for machine health provides growth opportunities to the vibration sensor market.
Geographically, the global vibration sensor market is segmented in the region of North America, Europe, Asia-Pacific, and Row. North America is a leading region in this market owing to the presence of the oil &gas plant and a large number of market players in this region. Asia-Pacific is expected to grow with a healthy CAGR. the continuously growing need for power generation to fulfill rising demand and establishment of oil & gas plant will drive the adoption of vibrator sensor market in these regions.
The report on the global vibration sensor market covers segments such as technology, material, product type, and application. On the basis of technology, the sub-markets include piezo resistive, strain gauge, hand probe, triaxle, and variable capacitance resistance. On the basis of material, the sub-markets include piezoelectric ceramics, doped silicon, and quartz. On the basis of product type, the sub-markets include non-contact displacement transducer, accelerometers, and electrodynamic velocity transducers. On the basis of application, the sub-markets include consumer electronics, automobile, aerospace, oil & gas, medical, coal & quarry, and machine & structural monitoring.
The report provides profiles of the companies in the market such as Robert Bosch GmbH, Colibrys Ltd, Hansford Sensors Ltd., FUTEK Advanced Sensor Technology Inc, National Instruments Corporation, TE Connectivity Ltd., Dytran Instruments Inc, Honeywell International Inc, ASC GmbH, and MEMSIC Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of vibration sensor market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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