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Vibration Monitoring Market worth $2.69 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 6, 2024 /PRNewswire/ — The global vibration monitoring market size is expected to grow from USD 1.85 billion in 2024 to USD 2.69 billion by 2029, at a CAGR of 7.8% during the forecast period according to a new report by MarketsandMarkets™. The key difference between predictive maintenance and vibration monitoring is that vibration monitoring focuses on monitoring the real-time conditions of machines, while predictive maintenance focuses on the detection of faults before their occurrence. Predictive maintenance is gaining rapid popularity in the manufacturing sector globally owing to the benefits offered by it. It is carried out only when machinery deployed in plants requires repairs to avoid impending failures so that the necessary, cost-effective downtime can be scheduled according to convenience.

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Browse in-depth TOC on “Vibration Monitoring Market” 

150 – Tables
70 – Figures
250 – Pages

Vibration Monitoring Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 1.85 billion

Estimated Value by 2029

$ 2.69 billion

Growth Rate

Poised to grow at a CAGR of 7.8%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Monitoring Process, Deployment Type, Application and Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Shortage of experts ready to work at remote locations

Key Market Opportunities

Rising interest in big data analytics and machine learning

Key Market Drivers

Deployment of automation systems across various industries

The market for software segment is expected to gain a significant market share during the forecast period.

Vibration monitoring software also helps the companies to calculate equipment reliability parameters such as rotating speed, vibration frequency, bearing faults, and misalignment. As part of the parameter calculation function, the software systems process the data accumulated by sensors and compare the calculated value with the benchmark value set for the optimum operation of a machine. The software raises a warning for a possible breakdown in case of any difference in the calculated data. This function helps plant operators schedule the maintenance activities to take care of the fault in advance.

Portable vibration monitoring segment is expected to hold significant market share during the forecast period.

Portable vibration monitoring results in cost-savings and long equipment life as it offers flexibility by carrying out route-based vibration monitoring processes. Portable monitoring systems enable monitoring of aging machines through handheld devices. These systems eliminate the requirement of replacing or retrofitting old machinery for manufacturers. Monitoring experts use the data to detect faults by applying various analytics processes such as spectrum comparison, trend analysis, and 3D graph plotting.

The aerospace segment is to grow at an impressive CAGR during the forecast period.

The aerospace industry is one of the significant adopters of vibration monitoring systems and solutions. One of the key challenges for this industry is that any downtime can have a significant impact on the operations of the industry. This leads to increased deployment of vibration monitoring systems and solutions in the aerospace industry for real-time monitoring of assets. Aerospace is a rapidly growing industry, and there is a constant requirement to enhance the reliability of machines to avoid production losses occurring due to machinery breakdowns. In aircraft manufacturing, more than one monitoring technology is used to monitor the condition of critical machines, resulting in the generation of large volumes of data.

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Asia Pacific is expected to grow at highest CAGR during the forecast period.

The vibration monitoring industry in Asia Pacific has been studied for China, Japan, India, South Korea, Singapore, Malaysia, and the Rest of Asia Pacific. The region is emerging to be the world’s most powerful economy owing to the increased spending on improving economic stability. Asia Pacific is witnessing a surge in the deployment of vibration monitoring systems and solutions. China, one of the top manufacturing countries in the world, has been adopting real-time vibration monitoring systems and solutions to increase the operational efficiency and production of its manufacturing plants. The increasing maintenance costs of the manufacturing industry have led companies operating in this industry to adopt advanced technologies, such as predictive maintenance, to optimize maintenance processes and improve operating costs. Vibration monitoring is expected to help manufacturers optimize their operating costs by predicting the failure of critical assets to achieve high efficiency.

Key Players

The key players in the vibration monitoring industry include Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), Parker Hannifin Corp (US) and others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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Machine Safety Market Size, Share, Statistics and Industry Growth Analysis Report by Component (Presence detection Sensors, Safety Controllers/Modules/Relays, Programmable Safety Systems, Emergency Stop Controls, Two-Hand Safety Controls), Offering, Industry and Region – Global Growth Driver and Industry Forecast to 2029

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

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Nation’s Top 300 Teen Scientists Selected for Achievements in STEM Innovation and Leadership in Nation’s Oldest and Most Prestigious High School Competition

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Regeneron Science Talent Search Sees Record Number of Applicants; $1.2 Million to be Awarded to Nation’s Most Promising Young Scientists and Their Schools 

WASHINGTON, Jan. 8, 2025 /PRNewswire/ — Society for Science (the Society) today announced the top 300 scholars in the Regeneron Science Talent Search 2025, the nation’s oldest and most prestigious science and math competition for high school seniors. The 300 scholars will be awarded $2,000 each and their schools will be awarded $2,000 for each enrolled scholar.

The Regeneron Science Talent Search scholars were selected from nearly 2,500 entrants from 795 high schools across 48 states, American Samoa, Guam, Washington, D.C., Puerto Rico and 14 other countries. US citizens living abroad are eligible to apply.

Scholars were chosen based on their outstanding research, leadership skills, community involvement, commitment to academics, creativity in asking scientific questions and exceptional promise as STEM leaders demonstrated through the submission of their original, independent research projects, essays and recommendations. The 300 scholars hail from 200 American and international high schools in 33 states, Washington D.C., China, Hong Kong, Malaysia, and Switzerland.

The full list of scholars can be viewed here: https://www.societyforscience.org/regeneron-sts/2025-scholars/ 

“Congratulations to the 300 scholars in this year’s Regeneron Science Talent Search,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News.  “With a record-breaking number of applications, these exceptional young scientists and engineers represent the best in the nation. We are thrilled to celebrate their ingenuity, hard work, and passion for STEM.”

The Regeneron Science Talent Search recognizes and empowers our nation’s most promising young scientists who are generating innovative solutions to solve significant global challenges through rigorous research and discoveries. The competition provides students with a national stage to present new ideas and challenge conventional ways of thinking.

Now in its 103rd year, Society for Science has played a significant role in educating the public about scientific discoveries as well as in identifying future leaders in science, technology, engineering and math. Regeneron has sponsored the Science Talent Search since 2017 as part of its deep commitment to STEM education and to supporting young scientists.

This year, research projects cover topics from Medicine and Health to Computer Science and more. Other students chose to focus on Social Science. With a total of 20 research categories, the top 5 categories among scholars’ projects this year include:  Medicine and Health (12%); Environmental Science (8%); Cellular and Molecular Biology (8%); Computational Biology and Bioinformatics (8%) and Engineering (7%).

“Congratulations to the Regeneron Science Talent Search top 300 scholars, who demonstrate the extraordinary potential of nurtured STEM talent,” said Christina Chan, Senior Vice President of Corporate Affairs at Regeneron. “Our long-standing partnership with Society for Science is a cornerstone of our commitment to elevate these future scientific leaders, and we look forward to seeing how their discoveries will tackle global challenges and help improve our world.”

On January 23, 40 of the 300 scholars will be named Regeneron Science Talent Search finalists. The finalists will then compete for more than $1.8 million in awards during a week-long competition in Washington, D.C., taking place March 6-12, 2025.

For over eight decades, the Science Talent Search has rewarded talented high school seniors who dedicate countless hours to original research projects and present their results in rigorous reports that resemble graduate school theses. Collectively, STS alumni have received millions of dollars in scholarships and gone on to found world-changing companies, publish groundbreaking research, and win Nobel Prizes, Fields Medals, MacArthur Fellowships and numerous other accolades.

Important Dates for 2024:

Top 40 Finalists Announced: January 23, 2025Regeneron STS Finals Week: March 6-12, 2025Public Exhibition of Projects: March 9, 2025Winners Announced at Awards Ceremony: March 11, 2025

Resources:

Regeneron STS Top 300 Scholar ListNotable STS AlumniSTS 2024 Highlights Video

About the Regeneron Science Talent Search
The Regeneron Science Talent Search, a program of Society for Science since 1942, is the nation’s oldest and most prestigious science and math competition for high school seniors. Each year, more than 2,000 student entrants submit original research in critically important scientific fields of study and are judged by leading experts in their fields. Unique among high school competitions in the U.S. and around the world, the Regeneron Science Talent Search focuses on identifying, inspiring and engaging the nation’s most promising young scientists who are creating the ideas that could solve society’s most urgent challenges.

In 2017, Regeneron became only the third sponsor of the Science Talent Search, making a 10-year, $100 million commitment to help reward, celebrate and encourage the best and brightest young scientific minds. Regeneron’s investment nearly doubled the overall award distribution to $3.1 million annually, increasing the top award to $250,000 and doubling the awards for the top 300 scholars to $2,000 and their schools to $2,000 for each enrolled scholar to inspire more young people to engage in science.

Learn more at https://www.societyforscience.org/regeneron-sts/

About Society for Science
Society for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on FacebookTwitter,  Instagram and LinkedIn.

Media Contact
Gayle Kansagor, Society for Science 
703-489-1131, gkansagor@societyforscience.org

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SOURCE Society for Science

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Net Health Acquires Alinea Engage to Further Optimize Patient Engagement and Outcomes in Rehab Therapy

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Investment will advance Net Health’s mission to provide patient-centric care by streamlining administrative processes for rehab therapy

PITTSBURGH, Jan. 8, 2025 /PRNewswire/ — Net Health, a trusted source for specialized software solutions that empower restorative care providers across the continuum of care, today announced that it has acquired Alinea Engage (Alinea). Alinea provides web-based, enterprise level automation and patient engagement software for private and senior rehabilitation therapy providers. As part of Net Health, Alinea will help clients deliver exceptional care through patient engagement and increase revenue by improving reimbursement efficiency through revenue cycle automation and the reduction of claims denials.

“I’m excited to welcome the Alinea team, and clients, to the Net Health family,” said Ron Books, CEO of Net Health. “Over the years we have built lasting relationships with Alinea, and it became apparent that we share a common mission and a set of core values. Foremost among those values is a mandate to put clients at the heart of everything we do, by providing high-value technology that enables them to deliver better outcomes. By acquiring Alinea, we are reinforcing that commitment and strengthening our organizational portfolio to ultimately offer best-in-class, specialized solutions for all.”

Net Health’s clients will now have access to Alinea’s current features, including patient onboarding automation; patient and family engagement; and workflow automation for prior authorization and direct bill processes. Additionally, Net Health is committed to ensuring the Alinea team has the resources it needs to continue to help their clients grow. That includes investing in future generations of products, an aligned roadmap to help clients address market needs, and a robust client experience and support infrastructure.

Alinea clients will continue to benefit from the solutions they know and the expertise of the team they trust. Led by CEO and founder Carol Vance, the Alinea team will operate with the same independence that has contributed to their success. “We are thrilled to become part of the Net Health family, and excited about the opportunity to continue our work with greater investment, powerful product alignment with Net Health, and the infrastructure needed to strengthen our client partnerships.”

To learn more about Net Health and how its technology offerings are helping to improve outcomes for restorative care providers, visit http://nethealth.com. To learn more about Alinea Engage, visit https://alineawellness.com/.

About Net Health  
Net Health is a trusted source for more than 25,000 healthcare organizations across the continuum of care. Our specialized software solutions enable restorative care providers and their organizations to improve both patient outcomes and financial performance. Over 30 years of expertise in wound care and rehab therapy inform our electronic health record (EHR) software, patient engagement tools, and predictive analytics. Our technology platforms help administrators manage workflow, specialists engage with patients, and executives drive business growth. Net Health is a portfolio company of The Carlyle Group, Level Equity, and Silversmith Capital Partners. Learn more at www.nethealth.com.

About Alinea Engage
Alinea is a web-based platform that streamlines and automates workflows to help rehabilitation providers drive productive, profitable, person-centric care. Alinea reduces the administrative burden on clinicians, increases the capacity of revenue cycle and compliance teams, and effectively engages patients, responsible parties, and families. Exclusively integrated with Net Health, Alinea is on a mission to optimize care and connection for senior adults in Senior Living Communities, Skilled Nursing Facilities, and Private Homes by giving the rehabilitation providers that serve them the edge they need to deliver the best care possible. For more information, visit alineawellness.com.

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SOURCE Net Health Systems, Inc.

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Cengage Group Earns Equality 100 Award in Human Rights Campaign Foundation’s 2025 Corporate Equality Index

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Cengage Group has been recognized for the fifth consecutive year as a leader in LGBTQ+ workplace inclusion

BOSTON, Jan. 8, 2025 /PRNewswire/ — Cengage Group, a global edtech company, today announced its score of 100 on the Human Rights Campaign Foundation’s (HRCF) 2025 Corporate Equality Index (CEI). The CEI is the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. This year’s CEI includes 1,449 businesses –the highest number of companies rated since the start of the CEI in 2002.

This marks the fifth consecutive year Cengage Group has been included in the CEI, and the third year it earned a score of 100. Notably, this score reflects the company’s swift efforts to meet new LBGTQ+ benefits guidelines introduced by HRCF in 2023. The company launched a comprehensive guide for employees in early 2024, which helped return its score to 100.

“Once again, we are incredibly proud to receive recognition from the HRC, as it reaffirms our unwavering commitment to inclusion and belonging,” said Jeri Herman, Chief People Officer of Cengage Group. “At Cengage Group, we foster a culture that values transparency, collaboration and the authentic expression of our diverse workforce. We know that a more diverse workforce is not just the right thing to do, it helps drive business success; this is why we remain committed to attracting and retaining talent with a range of backgrounds and experiences.”

Herman continued, “We are able to advance these efforts through various initiatives that prioritize listening, learning and allyship. Additionally, our employee resource groups (ERGs) play a vital role in developing programming that builds community and understanding across the organization.”

Along with 1,449 U.S. businesses, including Fortune magazine’s 500 largest publicly traded businesses, Cengage Group was rated against performance criteria falling under four central pillars:

Non-discrimination policies across business entities;Equitable benefits for LGBTQ+ workers and their families;Supporting an inclusive culture; and,Corporate social responsibility.

“The CEI is so much more than a score on paper. For decades businesses have relied on the CEI as a tool for transparency and leveling the playing field for all workers, making sure LGBTQ+ people and their families can share in fair, respectful and supportive workplaces and benefits,” said RaShawn “Shawnie” Hawkins, SHRM-CP, HRCF Senior Director of Workplace Equality. “Our goal at the Human Rights Campaign Foundation is to work in a spirit of partnership with companies, providing educational resources and leading benchmarking. The work of the CEI is to help businesses to expand their consumer base and attract top, innovative talent by supporting the LGBTQ+ community.”

To learn more about CEI and Cengage Group’s recognition, view the full report at: http://www.hrc.org/cei.

About Cengage Group

With more than 100 years of serving learners, Cengage Group is a global edtech company that enables student choice. No matter how, where, when or why someone wants to learn, our portfolio of education businesses supports all students, from middle school through graduate school and skills education, with quality content and technology. Collectively, our three business units – Cengage Academic, Cengage Work, and Cengage Select – help millions of students each year in more than 125 countries achieve their education and career goals and lead choice-filled lives. Visit us at www.cengagegroup.com or find us on LinkedIn and Twitter.

About the Human Rights Campaign Foundation

The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work.

Media Contact:
Emily Featherston, Vice President, Corporate Communications, External
Emily.featherston@cengage.com

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SOURCE Cengage Group

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