marketreports

  Vibration monitoring equipment  is used in major industries such as energy & power, automation and automotive among others for troubleshooting and fault diagnosis of the equipment. This technology is capable of detecting failures as early as three months in advance. Increasing focus of manufacturing from preventive maintenance to predictive maintenance, growth towards automation and demand towards maintenance technology are the major drivers in the end user sector propelling the demand for this equipment. Technological advancements are leading to increased automation in various sectors. These advancements include reducing costs of wireless online monitoring systems, automated fault diagnostics, internet communication capabilities and online monitoring programs are also the factors which are making the market to grow during the forecast period. However, major restraints for this market are unpredictable maintenance periods and economic slowdown and may restrict the future...