Vibration Monitoring Companies - Baker Hughes Company (US) and Emerson Electric Co. (US) are the Key Players
The global vibration monitoring market size is expected to grow from USD 1.85 billion in 2024 to USD 2.69 billion by 2029, at a CAGR of 7.8% from 2024 to 2029. Mechanical failure of industrial equipment is among the major causes that lead to unplanned production halts and cause shutdowns of industrial plants/ facilities, consequently, economic losses. Thus, companies are involved in the development of suitable solutions that would reduce predictive maintenance costs and ensure workers' safety.
As of 2023, Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), and Parker Hannifin Corp (US) are some of the notable players in this market.
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Major Vibration Monitoring companies include:
- Baker Hughes Company (US)
- Emerson Electric Co. (US), SKF (Sweden)
- Schaeffler AG (Germany)
- Parker Hannifin Corp (US)
- SKF
Baker Hughes Company is an energy technology company. The company operates through two business segments namely Oilfield Services & Equipment, and Industrial & Energy Technology. The Industrial & Energy Technology segment includes gas technology equipment, gas technology services, industrial products, industrial solutions, and climate technology solutions. The vibration monitoring equipment and sensors come under the industrial solutions. The company currently offers its vibration monitoring systems under the brand name Bently Nevada. Bently Nevada, a Baker Hughes business, offers a plant-wide, holistic suite of vibration monitoring and protection hardware, software, and services that help clients to achieve the highest level of asset reliability possible.
Emerson Electric Co. is in the manufacturing business of process control systems, valves, and analytical instruments. The company operates through six business segments: Final Control, Measurement & Analytical, Discrete Automation, Safety & Productivity, Control Systems & Software, and AspenTech. The vibration monitoring solutions come under its Measurement & Analytical, and Control Systems & Software segment. Vibration transmitters, online condition monitoring, integrated condition monitoring for power and water applications, and vibration analyzers are some products that come under vibration monitoring.
SKF offers a variety of vibration monitoring systems to various industries, such as oil & gas, automotive, aerospace, metals & mining, and food & beverages. A comprehensive portfolio of products and software solutions and a broad geographic presence give the company an edge in the vibration monitoring market. The company has two segments, namely Industrial and Automotive. The company offers various products under vibration monitoring, such as vibration measurement tools, tachometers, ultrasonic instruments, and electrical discharge detectors. The company provides @ptitude software, which supports integrating all machine condition data into a single program, sharing this data along the functional lines of a plant, and detecting issues in the plant.
Related Reports:
Vibration Monitoring Market by Accelerometers, Proximity Probes, Velocity Sensors, Transmitters, Vibration Analyzers, Vibration Meters, Online Vibration Monitoring, Portable Vibration Monitoring, On-premises, Cloud Software - Global Forecast to 2029
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