Global demand for vibration control systems is expected to rise at a yearly growth rate of 6.2% Y-o-Y to USD 6.28 Billion in 2026, supported by:
Attributes | Value |
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Vibration Control Systems Market Size (2022) | USD 4.94 Billion |
Vibration Control Systems Market Projected Size (2032) | USD 9.01 Billion |
Market Value CAGR (2022 to 2032) | 6.2% |
During the period ranging from 2020 to 2022, vibration control systems sales witnessed moderate growth, attributed to hindrances in the supply chain that impacted the manufacturing of automobiles, aircraft, and healthcare equipment to a great extent. However, the market recuperated after the upliftment of covid restrictions in H1 of FY-2021, leading to a resurgence in growth projections.
In the recent past, the USA defense and airline authorities imposed strict regulations and policies, compelled VCS manufacturers to upgrade their product design. In addition, the aviation industry started using anti-vibration control systems as previously the reliability of various components, including actuators, sensors, and controllers was comparatively less, thus, inhibiting the growth of the market.
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The Asia Pacific is anticipated to generate significant growth opportunities, supported by flourishing end-use industries like healthcare, automotive, and aerospace. By 2026 end, a valuation of USD 43 Billion has been projected for the region, with an expected CAGR of 6.8%. Within the Asia Pacific, China's vibration control system market is the most lucrative, and it is expected to remain so during the projection period. With the ever-expanding industries like oil and gas, textiles, transportation, and others, the sales growth of VCS is anticipated to touch new heights.
The Privacy Shield Framework's China Country Commercial Guide reports that China's crude oil imports increased by 10.1% in 2018, contributing to the country's status as the world's largest crude oil importer. In 2017, China overtook the United States as the largest crude oil importer. The data hints at expanding prospects for Chinese manufacturers of vibration controllers.
Likewise, India is expected to provide some lucrative expansion opportunities, led by consistent advancements in the defense industry and increasing exports of defense equipment to several nations. Indian Armed Forces are poised for major modernization in the next ten years. This process would involve upgrades of hardware and systems as well as the purchase of new state of the art equipment to enable them to meet the security challenges in the coming decades.
There is considerable scope in the process for the Indian industry to harness this market (around USD 100 billion) to develop indigenous capability; especially in high-technology areas. Considering these factors, the demand for VCS will amplify gradually with the expansion in the defense sector.
Besides the widening application in several end-use industries, VCS with motion control type is likely to augment the demand prospects for Vibration Control Systems. This segment is anticipated to record significant growth by 2026, attributed to the growing automotive and aerospace sector.
Motion control systems, which are used in fixed-wing aircraft, aid in minimizing the tremble and quiver in the helicopter fuselage generated by the main rotor. In addition, the swelling needs for passenger comfort and convenience in aircraft is also anticipated to spur segment growth over the years. These systems are largely used in the aerospace and defense industry to prevent the cracking of windshields, or damage to doors, or cargo. Hence, several prominent players are consistently investing in reexploring the designs of VCS.
The aerospace and defense industry also makes heavy use of vibration control systems to lessen vibrations that could crack the windshield, window glass, doors, or cargo. The global market is broken down into sub-segments, such as motion control and vibration control, which are based on the many types of systems available. Over the past several years, there has been a rise in demand for vibration control systems in the automotive sector, power plants, and the oil and gas industry. There has been a rise in the demand for vibration control systems in the energy sector as a result of their ability to mitigate vibration and shock.
In addition, there has been a significant shift toward the use of vibration controller techniques in the electronics and electrical sectors, which includes the manufacturing of industrial goods. Isolating electronic instruments and measuring equipment from vibrations is a common adoption of vibration control systems in the manufacturing sector. The presence of large manufacturers in the Chinese regional market also contributes to the region's rapid development. Increased demand for vibration control systems is anticipated to be spurred by the region's low cost of capital and abundant supply of low-priced labor and materials.
Industry expansion in sectors including oil and gas, utilities, transportation, and others has raised the need for vibration control systems. Manufacturers have responded to the expanding vibration control systems market by creating new types of products, like absorbers, dampers, and isolating pads. Sales of vibration controllers have been boosted by macroeconomic factors such as rising per capita utility spending, increased government spending on important end-use industries, and others.
Several factors, including rising awareness of the importance of protecting mechanical structures, increasing interest in and implementation of active vibration control systems across a wide range of industries, expanding global markets for automobiles and airplanes, and a pressing desire to enhance travelers' experiences, are driving the vibration control systems market forward.
Optimistic expansion in major end-use industries is helping manufacturers improve income, and rising demand for vibration control systems such isolators, hangers, and mounts are allowing manufacturers to diversify their product lines.
Anti-vibration control systems have recently entered usage in the aviation industry in response to the decreased reliability of a wide variety of components. This hinders the expansion of the vibration control systems market. Several developments, such as web-based continuous machine status monitoring and active Vibration Control (AVC) systems in airplanes, are opening new opportunities for the vibration control systems sector.
Vehicle powertrain and other electrical systems were the original inspirations for VCS. These systems are being used in a variety of fields, including aerospace and defense, oil and gas, and mining and quarrying.
Vibration controllers are also gaining popularity in the medical field. Pharmaceutical companies have started using these systems to lessen the vibrational impact on sensitive medical and scientific instruments like magnetic resonance imaging scanners and DNA sequencing microarrays.
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Recent Developments
It is anticipated that the oil and gas sector would account for the largest share of the vibration control systems market in 2022. By ensuring that production gear is always up and running with minimal downtime, vibration monitoring solutions play a crucial role in the oil and gas industry, which in turn benefits from lower operating costs, more productivity, and greater profits. There is a direct correlation between the adoption of a vibration monitoring system and the decrease in the amount of money spent on repairs and maintenance.
The hardware in a vibration control setup is crucial. Accelerometers, velocity sensors, proximity probes, transmitters, switches, and accessories are all examples of sensors used in hardware systems. These instruments can detect and quantify vibration at levels so low that human ears just cannot pick them up. Thus, the ability to detect even the smallest of vibrational changes is crucial for avoiding expensive failures and production losses.
Turbines, blowers, crucial pumps, and compressors that directly affect plant safety, environmental quality, and output are some of the most common places to find online vibration control systems in use. Equipment vital to the output of manufacturing operations is routinely subjected to online vibration monitoring. Permanently attached to vital machinery, a series of sensors in online vibration monitoring systems collect data in real-time.
New expansion possibilities have opened for businesses with needs for vibration control owing to the development of the IIoT. By incorporating IIoT into preexisting manufacturing procedures, businesses can track their assets in real-time by linking sensors that measure things like vibration, temperature, and noise to the internet. This innovation provides businesses with a centralized system for processing and integrating data.
In addition, essential assets with irregular failure patterns might benefit from IIoT's condition monitoring and predictive maintenance to maintain a high level of availability. IIoT presents a chance for businesses to considerably enhance operational performance and dependability by implementing transformative changes in them via business process automation. IIoT has been used in plants across industries including manufacturing, oil and gas, and food and beverage in recent years. The expanding use of IIoT creates a chance for the vibration control systems industry to expand.
The vibration control systems market is expected to grow at 6.2% CAGR over 2022 to 2032.
The vibration control systems market is estimated to be around USD 4.94 Billion in 2022.
The vibration control systems market is anticipated to reach a valuation of USD9.01 Billion by 2032.
In 2021, Europe's share of the market was at 23.91 percent, the highest of any region.
1. Executive Summary | Vibration Control Systems Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By System 5.1. Vibration Controls 5.1.1. Isolating Pads 5.1.2. Isolators 5.1.3. Couplings 5.1.4. Anti-Vib Cylinders 5.2. Motion Controls 5.2.1. Springs 5.2.2. Hangers 5.2.3. Washers & Brushes 5.2.4. Mounts 5.3. Automation Control 5.3.1. Absorber 5.3.2. Dampers 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Users 6.1. Mining Quarrying 6.2. Oil & Gas 6.3. Utilities 6.4. Transportation 6.5. Food Manufacturing 6.6. Bev. Tobacco 6.7. Textile Mills 6.8. Bi-Products 6.9. Chemical mfg. 6.10. Electrical Equip. 6.11. Machinery Mfg. 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Type 7.1. O.E.M 7.2. Aftermarket 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East & Africa (MEA) 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. HUTCHINSON 16.2. DynaTronic Corporation Ltd. 16.3. Cooper Standard 16.4. GERB 16.5. Technical Manufacturing Corporation 16.6. LORD Corporation 16.7. Trelleborg AB 16.8. Farat Ltd 16.9. Bridgestone Corporation 16.10. FUKOKU CO., LTD 16.11. VICODA GmbH 16.12. MUPRO Services GmbH 16.13. Kinetics Noise Control, Inc. 16.14. Dynamic Solutions Systems, Inc. 16.15. Isolation Technology Inc. 16.16. ACTOM PTY LTD 16.17. Fabreeka 16.18. VSL International Ltd. 16.19. Resistoflex 17. Assumptions & Acronyms Used 18. Research Methodology
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