The global Vibration Control System Market size is expected to reach USD 6.7 billion by 2027, registering a CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing adoption of the technology in healthcare applications is expected to drive market growth over the forecast period. Vibration control systems are being used in healthcare applications to mitigate the impacts of quiver on sensitive equipment such as DNA sequencing microarrays and Magnetic Resonance Imaging (MRIs).
The
technology is also extensively used in the aerospace and defense industry to
decrease the vibrations causing damage to the aircraft windshield, windowpanes,
doors, and shipments. Based on system type, the market is segmented into motion
and vibration control systems. The demand for motion control systems in
automotive, power plants, and oil and gas industry has increased over the last
few years. Motion control systems isolate the effects of quiver and shock in
power plants, thereby increasing the demand for such systems among these industries.
Besides,
the electronics and electrical industry, including industrial goods, is
witnessing a paradigm shift in terms of increasing usage of vibration control
methods. Moreover, the technology is also used in the industrial goods industry
for isolating vibrations on electronic instruments and measuring equipment. In
Asia Pacific, the market is anticipated to witness significant growth owing to
the presence of major manufacturers in China. The low cost of capital and
availability of cheap labor and material in the region is expected to drive the
market in the region by 2027.
In
North America, the vibration control system market is anticipated to witness
considerable growth attributed to rising demand from aviation, healthcare, and
defense sector in U.S. and Canada. U.S. is expected to dominate the market in
North America owing to increasing use of the technology in automotive,
electrical and electronics, and food manufacturing sectors.
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Further key findings from the study suggest:
- The market
is anticipated to witness substantial growth during the forecast period,
owing to the rising adoption in various industries, including healthcare,
oil and gas, and aerospace and defense
- The
vibration control segment accounted for the highest market share in 2019,
owing to growing demand for automation in power plants and oil and gas
industries
- The
aerospace and defense industry is expected to register highest growth over
the forecast period, owing to increasing stringent regulations by defense
authorities and airlines authorities on system design
- In Europe,
the market held the largest share in 2019, owing to the presence of large
number of automobile manufacturers in the region
- Key players
in the vibration control system market include ContiTech AG; Lord
Corporation; Resistoflex (P) Ltd.; HUTCHINSON; Fabreeka; Sentek Dynamics
Inc.; VICODA GmbH; Isolation Technology Inc.; Trelleborg AB; and Kinetics
Noise Control, Inc. New product development and expansion remains the key
strategy adopted by the leading manufacturers in the market.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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