Tag Archives: Vibration Monitoring Market

Vibration Monitoring Market Worth $1,453.76 Million by 2020

Vibration monitoring systems help to reduce plant operating costs by reducing maintenance cost, optimizing maintenance activities during planned shutdowns, and minimizing the instances of unscheduled outages. The market over the next few years is likely to be driven by fast-paced technology developments and introduction of innovative products. Development of low-cost advanced vibration monitoring equipment integrated with quick processing functions, direct communication procedures, and improved software would attract tremendous opportunities for the market in the coming years.

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The vibration monitoring equipment market is expected to grow from $986.59 million in 2014 to $1,453.76 million in 2020 at a CAGR of 6.6% between 2015 and 2020. Download PDF Brochure: https://tinyurl.com/lucx9pe

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