Smart Factories Fueling Growth of Vibration Market
A new report dated July of this year outlines new market opportunities for systems integrators and manufacturing plants. The new report, from ResearchandMarkets, predicts global growth for vibration monitoring applications and technology out to 2023. The report states, “The vibration monitoring market was valued at USD 1.19 Billion in 2016 and is expected to reach USD 1.85 Billion by 2023, at a CAGR [Compound Annual Growth Rate] of 6.5% during the forecast period from 2017 to 2023.”
Prominent companies mentioned in the report as key drivers include Honeywell, General Electric, Rockwell and more.
Vibration Monitoring applications include:
- Oil & Gas
- Machine monitoring
- Condition monitoring
- Automotive R&D
The Rise of Smart Factories
The report cites the continuing proliferation of smart factories as being crucial to expanding business opportunities focused on vibration monitoring. Driven by the Internet of Things, these smart factories give manufacturers a competitive edge due to their greater output.
Oil & Gas Present a Major Opportunity
Continuing to outline new areas for growth, the report names the Oil & Gas industry as a major source of vibration monitoring investment. With their ability to accurately predict and diagnose machine failure such as pumps and pipes, vibration monitoring systems are forecast to keep rising in demand. Using sensors to continually acquire data (vibration, temperature etc.), and communications capabilities to transmit it to PCs or networks, these systems can help to prevent sudden equipment failure and thus a costly process delay.
Additional market segments identified in the report include mining, chemicals, power and energy, and more.
Vibration Monitoring Systems include:
- Portable data loggers
- Online data acquisition systems (Ethernet, WLAN, etc.)
- Benchtop systems
- Vibration meters
Expert System Providers Since 2001
At CAS DataLoggers we have the most complete selection of data logging equipment available anywhere. With hundreds of data logger models ranging from 1 to 300 channels, users can record vibration signals, temperature, humidity, force/strain, voltage, current, resistance, digital signals, and more. These systems include serial, CAN/OBD and SDI-12 devices.
We have been actively involved in selling data loggers and real-time systems since 2001. Our staff has over 100 years of total experience with different types of data acquisition and test and measurement equipment. We also provide value-added services including on-site installation, custom programming, engineering and design services, and turn-key systems.
Our Customers Include:
- A.O. Smith Corporation
- Briggs & Stratton
- Cirque du Soleil
- Custom Systems & Controls, Inc.
- NASA Kennedy Space Center
- Saint Louis Art Museum
- Southern Wine and Spirits of America, Inc.
- Superior Graphite
- W. L. Gore & Associates, Inc.
- Wells-Lamont Industry Group
- And more…
Let us help you to find the ideal system for your application!
To learn more about Vibration Data Acquisition Systems, or to find the ideal solution for your application-specific needs, contact a CAS DataLoggers Application Specialist at (800) 956-4437.