VIBRATION SENSOR MARKET ANALYSIS

Market Challenges And Opportunities

Global Vibration Sensor Market: Drivers

Wide range of frequency, self-generating ability, and long service life of vibration sensors are some of the major factors driving growth of the vibration sensor market.  Vibration sensors are used wireless sensors. Therefore, increasing demand for wireless sensors is expected to lead to growth of the vibration sensors market. For instance, in 2016 nuclear plants supplied 2477 TWh of electricity, up from 2441 TWh in 2015, globally. Increasing use of wireless sensors in nuclear power plant is expected to aid in growth of the global vibration sensor market.

Vibrations sensors are increasingly been used in manufacturing sector, owing to its high efficiency. Vibration sensors are used to identify the changes in vibration levels, which can determine if the machinery is functioning correctly. Furthermore, development in laser interferometry such as position sensing device mainly used for position measurement and can measure a position of a light spot in one or two dimensions on a sensor surface is another factor expected to drive growth of the global vibration sensor market.

Global Vibration Sensor Market: Restraints

In manufacturing sector, vibration sensors are used in line equipment, conveyor belts, and wearing of bearings. However, the sensor fails to detect minute vibration critical for machines to operate safely owing to heavy load and this also reduces the response time of these sensors. Therefore, this could led to time delays in production. This is a major factor restraining growth of the market. Furthermore, these sensors are expensive and this could reduce its adoption to a certain extent