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Industrial Wireless Vibration Sensors Network Market By Communication Technology (Bluetooth And Bluetooth Smart, Wi-Fi, WirelessHART, ISA100.11a, Zigbee, IEEE 802.15.4), By End-Use (Manufacturing, Oil And Gas, Automotive Industry, Metals And Mining, Water And Wastewater, Food And Beverages, Chemicals) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

With global industrial development, adjacent markets such as industrial automation and sensor networks have experienced a paradigm shift over time. Increasing competition across different industry verticals has forced organizations to adopt advanced technologies that enhance the overall productivity and quality of products and processes. Industrial manufacturers are now more focused on predictive maintenance so as to ensure the minimal failure of equipment in its due course.

A wireless sensor network (WSN) comprises numerous small, cost-effective, and low-power devices, called nodes, that operate by communicating with each other using a sophisticated sensor network. These nodes are deployed to collect information and can also be used to control various actuators.

Over the course of time, wireless sensor networks have witnessed profound research and advancement, including flexible installation in locations difficult to access, easy maintenance, and low costs. This has made WSNs one of the most sought-after technologies across various fields, ranging from agriculture and consumer goods to automation in industries.

WSNs include various sensor nodes used for monitoring temperature, pressure, humidity, vibration, flow, and several others. Among these, wireless vibration sensor networks have grown in importance in recent years due to their ability to significantly reduce equipment downtime.

 The report titled "Global Industrial Wireless Vibration Sensors Network Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024" offers strategic insights into the global wireless sensors network market along with the market size and estimates for the duration of 2014–2024. The said research study covers an in-depth analysis of multiple market segments based on communication technology, end-use industries, and a cross-sectional study across different geographies and sub-geographies.

The study covers the comparative analysis of different segments for the years 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing an analysis of the latest innovative solutions based on sensor technologies and industrial IoT.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of wireless sensor networks, market positioning, and key developments. Some of the major players profiled in the report are ABB AS, National Instruments Corporation, SKF AB, Schaeffler Group, PRUFTECHNIK Dieter Busch AG, Evigia Systems, Inc., General Electric Company, I-Care Group, BeanAir, ETS Solutions Asia Pte Ltd., Preditec/IRM, and Waites Wireless Sensor Technologies LLC.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the wireless sensor network industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global industrial wireless sensors network market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

The global industrial wireless vibration sensors network market is segmented, based on end-use industry, into the following categories:

  • Manufacturing
  • Oil and gas
  • Automotive
  • Metals and Mining
  • Water and Wastewater
  • Food and Beverages
  • Chemicals
  • Others

In 2015, the manufacturing end-use industry segment was the largest contributor to the global industrial wireless vibration sensors network market in terms of revenue. The manufacturing segment includes a diverse range of manufacturing plants that produce a wide range of products, such as textiles, electric and electronic equipment, plastic products, and other miscellaneous manufactured goods.

Factors such as the high maturity of the manufacturing sector in the developed regions coupled with the growing manufacturing sector in emerging economies are expected to further drive the growth in this segment.

The automotive and food and beverage end-use segments are expected to witness the fastest growth during the forecast period. Factors such as the revival of the automotive industry in the developed regions and increasing production in the Asia Pacific region are expected to drive the demand for various condition monitoring systems in the automotive industry across the world. Thereby, the automotive industry is expected to witness significant growth during the forecast period from 2016 to 2024.

The global industrial wireless vibration sensors network market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC countries
  • South Africa
  • the remainder of MEA
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

In 2015, North America dominated the overall industrial wireless vibration sensor network market across the world. The segment contributed to more than one-third of the total revenue generated globally in 2015. Europe followed North America in the overall industrial wireless vibration sensors network market in terms of revenue.

Because of the presence of highly developed and mature manufacturing industries, both regions have gained global dominance in the overall industrial wireless vibration sensors network market. In addition, strict government regulations and norms towards various energy-intensive industries in the region have further compelled the adoption of sensor networks in various end-use industries.

Asia Pacific followed North America and Europe in terms of revenue in the global industrial wireless vibration sensors network market. With continued industrialization in the region, the Asia Pacific industrial wireless vibration sensors network market is expected to witness the fastest growth during the forecast period.

In addition, growing automotive and manufacturing industries, especially in countries including China, Indonesia, and India, are further expected to propel growth in the Asia Pacific industrial wireless vibration sensors network market.

Frequently Asked Question:

The market for Industrial Wireless Vibration Sensors Network Market is expected to reach USD$ 903.2 Mn in 2024.

The Industrial Wireless Vibration Sensors Network Market is expected to see significant CAGR growth over the coming years, at 5.4%.

The report is forecasted from 2016 -2024.

The base year of this report is 2015.

SKF AB, Schaeffler Group, PRUFTECHNIK Dieter Busch AG, Evigia Systems, Inc., General Electric Company, I-Care Group, BeanAir. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Mar 2017
Category:  Technology & Media
Report ID:   58366
Report Format:   PDF
Pages:   120
Rating:    4.7 (70)
Delivery Time: 24 Hours to 48 Hours   
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