The Japan Vibration Monitoring Equipment Market is estimated to witness a rise in revenue from US$ 86.4 Mn in 2021 to US$ 109.8 Mn by 2027. The market is registering a CAGR of 4.1% during the forecast period 2022-2027. A vibration monitoring system is a set of tools which is used to measure one or more parameters to identify any sort of changes along machinery life. Vibration monitoring is very essential for the dynamic as well static machines from the industry point of view. Vibration analysis provides early warning for scheduling maintenance and potentially saves thousands in labor hours. 

Growing awareness of predictive maintenance and vibration monitoring technologies in the oil & gas, power, chemical and petrochemical, cement and automotive industries coupled with growing demand from HVAC, penetration of smart factories, reduce plant operating cost across various industrial domains, rising capital investments in different industries and government initiatives, create a sustained demand for vibration monitoring in Japan, over the forecast period.

Market Dynamics

The major factor responsible for the growth of the Japan vibration monitoring equipment market includes growing awareness toward predictive maintenance and availability of advanced vibration monitoring equipment. Vibration monitoring used for predictive analysis helps manufacturers to increase their productivity and maximize operational efficiency. Vibration data is regularly collected to observe inconsistent patterns that indicate any machinery failure. The adoption of vibration sensors in various industries is increasing in line with the demand for preventive and predictive maintenance. Moreover, the introduction of cost-effective, advanced vibration monitoring equipment which is integrated with fast processing functions, direct communication procedures and the accessibility of automation software may foster the vibration monitoring equipment market size over the forecast period. However, lack of highly skilled manufacturing workers will restraint the growth for the adoption of vibration monitoring equipment across the Japan market. 

Report Summary

The study of the Japan Vibration Monitoring Equipment Market considers various market determinants, industry value chain analysis and competitor analysis of the market. The report discusses the analysis of the vibration monitoring equipment industry for the period 2017-2027, where the base year is 2021 and the forecast period is 2022-2027. The report provides a detailed analysis of the Japan Vibration Monitoring Equipment Market across nine Chapters and 76 pages. The report includes data presentation across 6 tables and 20 statistical figures. 

The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein bargaining power of buyers and competitive rivalry is moderate. 

The subsequent section provides details of the market analysis based on different segments such as component, monitoring process, system, industry vertical and country. The report includes detailed study of value chain of the industry. It includes raw material providers, manufacturers, distribution channel and end users. The report also covers extensively about the key competitors in the market for Japan vibration monitoring equipment.

Impact of COVID-19 on Japan Vibration Monitoring Equipment Market

The COVID-19 pandemic has severely impacted the growth of the vibration monitoring equipment market. The pandemic has affected the functioning of the end-users of vibration monitoring equipment system, which has directly impacted the growth of the market. The energy & power, automobile industry, oil & gas and mining sector has seen a considerable downfall in its operations due to the disruption in the supply and demand for finished goods from across these sectors. This, in turn, has declined the role of vibration monitoring equipment manufacturing in the Japanese market. Therefore, a considerable downfall in the market value of vibration monitoring equipment is estimated in 2020, considering the impact of COVID-19 outbreak on vibration monitoring equipment industry.

Key Takeaways from the Japan Vibration Monitoring Equipment Market Report

• Based on component, the hardware segment holds the highest share in the Japan vibration monitoring equipment market in 2021 as the data extracted by hardware components enables an effective predictive maintenance program to avoid costly downtime. Whereas, the services segment is anticipated to grow at the highest CAGR during the forecast period.
• In terms of monitoring process, the online segment held the largest share in the Japan vibration monitoring equipment market in 2021 and is also anticipated to project the highest CAGR over the forecast period as it provides real-time plant data to operators, thus resulting in its higher adoption than portable vibration monitoring process.
• On the basis of system, the embedded system segment is estimated to hold the largest market share over the forecast period due to their high demand from industries such as oil & gas, energy & power, metals & mining and chemicals. Moreover, the vibration analyzers segment is anticipated to project the highest CAGR during the forecast period.
• By industry vertical, the energy and power segment dominated the Japan vibration monitoring equipment market in 2021. Moreover, the oil and gas segment are expected to register the highest CAGR during the forecast period owing to the increasing demand for online vibration monitoring solutions to drive the vibration monitoring market for oil & gas industry.

Company Profile 

• Shinkawa Electric Co. Ltd. distributes industrial machinery and equipment. The Company supplies industrial systems and equipment in the fields of measurement, control and information. It also provides product development, system solutions and technology support services. Moreover, it maintains about 50 bases of operation around the world including India, USA, Malaysia, China, Vietnam, Singapore and others.
• Ametek Process Instruments offers online analytical instrumentation with the extensive product line, serving analysers based upon eleven differentiated technology platforms and used by markets ranging from oil, gas, and power to pharmaceutical and semiconductor chip manufacturing. Also, they are manufacturer of process analyzers and instruments. Moreover, in terms of business revenue segmentation, EIG holds the highest market share.
• Ono Sokki Technology Inc. is engaged in the manufacturing and sales of electronic measuring instruments, applied electronic equipment, electronic control systems and related equipment. The company is involved in the sales of software for information processing systems and provision of engineering services.

Competitive Landscape

The key players in the Japan Vibration Monitoring Equipment Market are Shinkawa Electric Co. Ltd., Ametek Process Instruments, Endress + Hauser AG, Larson Davis PCB Piezotronics, Structural Vibration Solution A/S, BD|SENSORS, Ono Sokki Technology Inc., ACO Co., Ltd., Cosmo Instruments Co. Ltd and Peritec Corporation among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip of emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.

Segmentation Overview 

Japan Vibration Monitoring Equipment Market is segmented based on component, monitoring process, system, industry vertical and country. The industry trends in the vibration monitoring equipment market are sub-divided into different categories in order to get a holistic view of the Japan marketplace. 

Following are the different segments of the Japan Vibration Monitoring Equipment Market:

By Component segment of the Japan Vibration Monitoring Equipment Market is sub-segmented into:

• Hardware
  • Accelerometers
  • Proximity Probes
  • Velocity Sensors
  • Transmitters
  • Others
• Software
• Services

By Monitoring Process segment of the Japan Vibration Monitoring Equipment Market is sub-segmented into:

• Online
• Portable

By System segment of the Japan Vibration Monitoring Equipment Market is sub-segmented into:

• Embedded Systems
• Vibration Meters
• Vibration Analyzers

By Industry Vertical segment of the Japan Vibration Monitoring Equipment Market is sub-segmented into:

• Energy & Power
• Automotive
• Chemicals
• Oil & Gas
• Metals & Mining
• Aerospace & Defense
• Marine
• Pulp & Paper
• Food & Beverages