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Global Vibration Meter Market 2019-2023 | Increasing Popularity of Micro-Electromechanical Sensor (MEMS) in Vibration Meters to Boost Growth | Technavio

December 3, 2019
Global Vibration Meter Market 2019-2023 | Increasing Popularity of Micro-Electromechanical Sensor (MEMS) in Vibration Meters to Boost Growth | Technavio
Global Vibration Meter Market 2019-2023 | Increasing Popularity of Micro-Electromechanical Sensor (MEMS) in Vibration Meters to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Dec 3, 2019--

The global vibration meter market is expected to post a CAGR of almost 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global vibration meter market 2019-2023 (Graphic: Business Wire)

Vibration analysis is one of the crucial techniques used in the preventive maintenance of rotating machines as they are more likely to cause downtime due to faults. Hence, vibration meters are used to analyze vibration patterns and ensure optimal working conditions for machines. This reduces production losses and maintenance costs of machines. With industrial facilities focusing on improving their capacity utilization factor (CUF), the demand for vibration meters is bound to increase significantly during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30741

As per Technavio, the increasing popularity of micro-electromechanical sensors (MEMS) in vibration meters will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Vibration Meter Market: Increasing Popularity of Micro-Electromechanical Sensor (MEMS) in Vibration Meters

Market vendors are focusing on the development of vibration meters using MEMS instead of large traditional electromechanical sensors. This is expected to result in the reduction of cost as well as size of vibration meters. Moreover, as MEMS consumer less power, the required battery size will also decrease. This will increase the availability of portable vibration meters in the market.

“Expected decline in the cost of vibration meters and introduction of condition monitoring features in vibration meters will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Vibration Meter Market: Segmentation Analysis

This market report segments the global vibration meter market by product (digital and analog), end-user (process industries, third-party service providers, and discrete industries) and geography (APAC, Europe, MEA, North America, and South America).

The North American region led the market in 2018, followed by APAC, Europe, MEA, and South America respectively. However, during the forecast period, the APAC region is expected to emerge as the largest market for vibration meters. This is due to increasing investments in the expansion of manufacturing facilities in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191203005424/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

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SOURCE: Technavio Research

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PUB: 12/03/2019 06:30 AM/DISC: 12/03/2019 06:30 AM

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