Global Vibration sensors Market to Reach $5.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Vibration sensors estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5.6 Billion by 2027, growing at a CAGR of 6.2% over the period 2020-2027.
The U.S. Market is Estimated at $998.4 Million, While China is Forecast to Grow at 9.4% CAGR
The Vibration sensors market in the U.S. is estimated at US$998.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.We bring years of research experience to this 7th edition of our report. The 144-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Analog Devices, Inc.
- Bruel & Kjaer Sound & Vibration Measurement A/S
- Dytran Instruments, Inc.
- Hansford Sensors Ltd.
- Honeywell International, Inc.
- Monitran Ltd.
- Murata Manufacturing Co., Ltd.
- Omron Corporation
- Rockwell Automation, Inc.
- SKF Group