Global Vibration Meter Market 2019-2023 | Increasing Popularity of Micro-Electromechanical Sensor (MEMS) in Vibration Meters to Boost Growth | Technavio
The global vibration meter market is expected to post a CAGR of almost 5% during the period 2019-2023, according to the latest market research report by Technavio.
- The global vibration meter market is expected to post a CAGR of almost 5% during the period 2019-2023, according to the latest market research report by Technavio.
- Hence, vibration meters are used to analyze vibration patterns and ensure optimal working conditions for machines.
- Expected decline in the cost of vibration meters and introduction of condition monitoring features in vibration meters will further boost market growth during the forecast period, says a senior analyst at Technavio.
- However, during the forecast period, the APAC region is expected to emerge as the largest market for vibration meters.