Published Date: 7-May-2020
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According to a new report Global Vibration Control System Market, published by KBV research, The Global Vibration Control System Market size is expected to reach $5.2 billion by 2026, rising at a market growth of 10.1% CAGR during the forecast period. Market growth is attributed to the growing focus on industrial machinery and automotive mechanical stability and balancing. Vibration control systems are the insulating systems that respond vigorously to incoming vibrations. With the sudden break of Covid-19 in late months of year 2019, the markets worldwide are unfortunately experiencing its grip. The suppliers and consumers of the products & Services are affected in a big way across the sectors resulting in declining revenues in last quarters of year 2019.
The Motion Control System segment is expected to show significant growth in the market over the forecast period. The growth of automotive and aerospace market is associated to this growth. The segment of the vibration control system is further bifurcated into different sub-segments including isolation pads and connectors. The market is expected to grow rapidly over the forecast period. Growth is attributable to increasing vibration control demand in various oil and gas and power plant industries.
On the basis of end-users, the oil & gas end-user sub-segment is anticipated to record a substantial market share over the forecast period. The growth of the market can be associated with the expansion of the oil & gas industries and a rapid rise in oil & gas exploration. The segment of electrical and electronics accounted for a significant market share in 2019. It is anticipated that the electrical and electronics vertical will provide substantial growth opportunities for all market players participating in the value chain due to the growing production of industrial machinery worldwide.
The Asia Pacific region is expected to emerge as the fastest-growing region in the regional segment. Growth can be attributed to industrial development, in China, Japan and India in particular. Moreover, due to the low capital cost needed in the country and technological advances, the key manufacturers on the market are from China. North America is one of dominant market. Growth is attributed to the increasing demand for anti-vibration systems in the U.S. and Canada for healthcare, aviation, and defense.
Structural Insights: https://www.kbvresearch.com/vibration-control-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Parker-Hannifin Corporation (LORD Corporation), Total S.A. (Hutchinson S.A.), Trelleborg AB, Fabreeka International, Inc. (Stabilus S.A.), Isolation Technology, Inc., Catalyst Acoustics Group (The Stephens Group, LLC ), Sentek Dynamics Inc., DynaTronics Corporation Ltd., Dynamic Solutions Systems, Inc., Crystal Instruments Corporation.
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