Big Market Research has added a report titled Global Vibration Meter Market 2016-2020. The report offers an in-depth insight into the key driving factors and market challenges, their impact analysis, current and future market trends, detailed market segmentation and forecast along with detailed profile of key market players. The report segments the market on the basis of products, end-users and geography. On the basis of products, the market is further segmented into digital and analog while on the basis of end users the report is segmented into manufacturing, oil and gas, chemical processing, among others. The report offers growth prospects of each key segment and detailed market estimations. On the basis of end-users, the digital vibration meters segment accounting for about 85% of the aggregate market share dominates the market along the forecast period. The preference of digital to analog meters is a key driving factor for the growth of digital vibration meters market.
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As per the report, the global vibration meters is estimated to grow at a CAGR of about 7% by 2020. The ability of these devices to accurately take measurements is a key factor boosting the market growth across the globe. The increasing adoption of vibration meters among primary end-user segments such as manufacturing, chemical processing, and oil & gas sector will further foster the market. Based on the geography, the report segments the market into APAC, EMEA, and the Americas, where the Americas region is expected to dominate the market all the other geographies during the forecast period. The introduction of stringent safety restrictions and effective equipment maintenance regulations in the region are factors responsible for the growth of the market in the aforementioned region.
Key market players profiled in the report include Davis Instruments, Extech, Fluke, Kanomax, and SPM Instruments, among many others.
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