More than 11% growth per year expected for the global industrial vibration sensor market until 2022

More than 11% growth per year expected for the global industrial vibration sensor market until 2022

In its March 2018 edition of its International Newsletter, the British Institute of Non-Destructive Testing has published an article about the global market demand growth of industrial vibration sensor. According to a Technavio research study, this market is expected to grow at a compound annual growth rate (CAGR) of above 11 % during the period of 2018-2022. Technavio has published the new report in its industrial automation library. The report categorises the global industrial vibration sensor market by end-user, including process industries and discrete industries but also by geographic breakdown.

News Predictive Maintenance 18 May 2018

In its March 2018 edition of its International Newsletter, the British Institute of Non-Destructive Testing has published an article about the global market demand growth of industrial vibration sensor. According to a Technavio research study, this market is expected to grow at a compound annual growth rate (CAGR) of above 11 % during the period of 2018-2022.

Technavio has published the new report in its industrial automation library. The report categorises the global industrial vibration sensor market by end-user, including process industries and discrete industries but also by geographic breakdown.

Industry 4.0 move will drive the need for sensing technologies

“The growing popularity of smart factories will drive the need for sensing technologies since they ensure the accuracy of specifications and maintain consistency in production. Moreover, sensing technologies also ensure the safety of the equipment and the industrial environment.” reports Technavio. 

The ability to perform real-time and remote measurement is one of the primary growth factors for the industrial vibration sensor market. The adoption of such technologies lead to increased production efficiency (lower wastage, better quality control and reduced downtime). According to a senior research analyst at Technavio: “For industrial production and manufacturing units, vibration sensing technologies have become indispensable. Engineers must pay more attention to the hazards of high-frequency and low-frequency vibrations, where high precision is necessary. The sensors possess characteristics such as high resolution, fast response time, high sensitivity and the ability to take real-time measurements.”

With developments in laser interferometry, good opportunities have emerged for vibration sensors that are used in covering a variety of motion quantities and different shock and sinusoidal parameters. High-performance vibration sensors help in achieving high accuracy of measurements. The demand for vibration and shock measurements is increasing due to international traceability. The high demand for sensing technology is also due to the recommendations and regulations on industrial operations ensuring the quality, condition and safety of products.

The development of interferometry, such as a multi­component exciter combined with multi-axial laser interferometry, is expected to drive the global industrial vibration sensor market in the forecast period.

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