North America Vibration Monitoring Market By End-User Forecast (2017-2023)

Year UNITED STATES CANADA MEXICO
2017 $ 276.5 $ 181.1 $ 154.3
2018 $ 297.3 $ 196.3 $ 168.2
2019 $ 320.0 $ 213.0 $ 183.4
2020 $ 345.0 $ 231.6 $ 200.3
2021 $ 372.4 $ 252.0 $ 219.0
2022 $ 402.1 $ 274.3 $ 239.5
2023 $ 434.7 $ 299.0 $ 262.2
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North America Vibration Monitoring Market By End-User Forecast (2017-2023)

Synopsis
The above chart is Global Vibration Monitoring market [2017-2023] North America by End-User

Market Dynamics

united states accounted for the largest market share in 2017 in the north america vibration monitoring market, and is expected to reach usd 434.70 million in 2023 from usd 276.50 million in 2017. however, mexico is the fastest growing market, which is expected to grow at a cagr of 9.29% during the forecast period 2018 - 2023. oil and gas segment accounted for the largest market share in 2017, this market is expected to reach usd 244.00 million in 2023 from usd 137.60 million in 2017. this market is projected to grow at a cagr of 10.09% during the forecast period from 2018 - 2023. however, metal and mining segment is the fastest growing market, which is expected to grow at a cagr of 10.15% during the forecast period 2018 - 2023. hardware segment accounted for the largest market share in 2017, this market is expected to reach usd 441.10 million in 2023 from usd 308.60 million in 2017. this market is projected to grow at a cagr of 6.21% during the forecast period from 2018 - 2023. however, services segment is the fastest growing market, which is expected to grow at a cagr of 12.31% during the forecast period 2018 - 2023. vibration analyzers segment accounted for the largest market share in 2017, this market is expected to reach usd 411.00 million in 2023 from usd 258.60 million in 2017. this market is projected to grow at a cagr of 8.09% during the forecast period from 2018 - 2023. however, embedded systems segment is the fastest growing market, which is expected to grow at a cagr of 10.24% during the forecast period 2018 - 2023. on premise segment accounted for the larger market share in 2017, this market is expected to reach usd 575.90 million in 2023 from usd 397.00 million in 2017. this market is projected to grow at a cagr of 6.38% during the forecast period from 2018 - 2023. however, cloud segment is the fastest growing market, which is expected to grow at a cagr of 11.94% during the forecast period 2018 - 2023.

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