The Global Vibration Meter Market 2016-2020 report says the replacement of conventional accelerometer sensors with MEMS accelerometers in vibrator meters is a trend that is likely to gain popularity over the forecast period. The design and introduction of lighter and more portable vibration meters is also expected to be a fast growing trend over the next five years.
The Global Vibration Meter Market 2016-2020 report spreads across 67 pages, analysis 5 major vendors in the market and providing 34 data exhibits is available at http://www.reportsnreports.com/reports/447883-global-vibration-meter-market-2016-2020.html.
According to the report, vibration meters are used to identify, predict, and prevent the failure of machines such as motors, pumps, fans, gears, compressors, turbines, and any other machine that has rotational elements. These vibration meters are known for their accurate condition monitoring ability. Condition monitoring, when carried out properly, can result in significant cost savings. The stable growth of the primary end-user segments like manufacturing, chemical processing, and oil and gas is predicted to result in this market’s steady CAGR of nearly 7% by 2020.
The market research analysts estimate the Americas to dominate over all the other geographies during the forecast period. The introduction of stringent safety restrictions and equipment maintenance regulations in the North American region is expected to impel the market for vibration meters in the Americas.
Market segmentation of the vibration meters market by product: Analog and Digital
In this market study, analysts have estimated the digital vibration meters segment to account for nearly 85% of the overall market share during the forecast period. The falling popularity of analog meters is a significant factor that accounts for this segment’s high market share during the forecast period.
End-user segmentation of the vibration meter market: Manufacturing, Chemical processing, Oil and gas
The market research analyst estimates the manufacturing segment to be the largest market segment during the forecast period. The market share of this segment is expected to reach close to 30% by the end of 2020 due to the recent increase in the new applications for vibrations meters. Purchase a License Copy of “Global Vibration Meter Market 2016-2020” Report at http://www.reportsnreports.com/purchase.aspx?name=447883.
Competitive landscape and key vendors
This market is highly fragmented due to the presence of multiple large and small vendors. Though there are several vendors in the market with strong global presence, most the domestic players have a larger share of the market in their respective regions. However, it has been observed that unlike other markets, there is no single business entity that dominates this market during the forecast period. The key players in the global vibration meter market are Davis Instruments, Extech, Fluke, Kanomax and SPM Instruments.
Other Prominent Vendors in the market are: Blamac, Castle Group, Cole-Parmer, Hansford, Lutron Electronic Enterprise, MCM instruments, PCE instruments, and Reed instruments.
Further, the report states that one of the biggest concerns in the vibration market is the high cost of these devices given that the devices are used only for monitoring the health of a machine.
Global Meter Data Management Market 2015-2019: The analysts forecast global meter data management market to grow at a CAGR of 27.4% over the period 2014-2019. The key players in the global meter data management market are Elster Group SE, Itron Inc., Landis+Gyr AG, Oracle Corp. and Siemens AG.
Other Prominent Vendors in the market are: Aclara Software, Cuculus, ElectSolve Technology Solutions & Services, Enoro, Ferranti Computer Systems, Gruppo Engineering, Harris Utilities, North Star Utilities Solutions, OSIsoft, Powel and Robotron Datenbank-Software.
According to the report, the need to reduce electricity theft has increased globally, which is fueling the demand for smart meters. The MDM software used in these smart meters facilitate better control and close monitoring of electricity and other utilities. This helps end-users avoid meter tampering and reduces disturbances in power distribution.
Global Advanced Metering Infrastructure (AMI) Market 2015-2019: The analysts forecast global advanced metering infrastructure market to grow at a CAGR of 9.0% over the period 2014-2019.
According to the report, developing countries, especially India and China, face the major threat of an increase in power losses owing to the increase in power theft. Smart energy meters installed under AMI are well equipped to counter the meter tampering and help utilities avoid loss of revenue. A reduction in the electricity theft will help achieve improved and efficient energy management. There have been cases where utilities have lost 10% of their potential revenue because of electricity theft. The anti-tampering abilities of the AMI help counter such issues, thus driving the growth of the global AMI market. Faults associated with distribution systems can also lead to power losses. Some transformers do not have low-voltage automation systems, making it cumbersome to measure the loss of energy during transmission.
The key players in the global advanced metering infrastructure market are Eaton, General Electric, Itron, Landis+Gyr and Schneider Electric.
Other Prominent Vendors in the market are Echelon, Elster Group, Sensus and Silver Spring Networks.
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