Machine Condition Monitoring Market is projected to reach USD 5.2 billion by 2030
Machine Condition Monitoring Market is projected to reach USD 5.2 billion by 2030
Machine Condition Monitoring Market research report is liable to deliver a robust overview of the worldwide industry developments. Its main vision is to offer clients and interested individuals a realistic evaluation of the company and meanwhile, support them in generating highly strategic plans.

The global machine condition monitoring market was valued at USD 2.9 billion in 2021 and is projected to reach USD 5.2 billion by 2030, at a CAGR of 9.4% during the forecast period. Machine condition monitoring devices offers the information that need to avoid unplanned downtime. Smart manufacturing is enabled through real-time monitoring of your machine’s health and condition. Enables to anticipate and mitigate future equipment problems before they have a negative impact on quality or maintenance expenses.


By analyzing the condition of the machine, such as temperature, humidity, pressure, among others, a machine condition monitoring system will help predict mechanical damage and breakdown. Noise, temperature, and vibration measurements are also important indications of equipment condition. Failure of equipment results in significant losses, which drives the use of machine condition monitoring systems in industries like oil and gas, metals and mining, food and beverage, and automotive.


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A strong research methodology employed in the winning Machine Condition Monitoring Market business report consists of data models that include Market Overview and Guide, Vendor Positioning Grid, Market Time Line Analysis, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Businesses can attain details about market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product.


The report provides a comprehensive analysis of company profiles listed below:




Baker Hughes Company

Fluke Corporation

Senseye Ltd

Emerson Electric Co.

General Electric

Dewesoft d.o.o.

Parker Hannifin Corp

Honeywell International Inc.



Wilcoxon Sensing Technologies

Rockwell Automation, Inc.

Brüel & Kjær Vibro GmbH

Meggitt PLC

PCB Piezotronics, Inc.

Teledyne FLIR LLC

SPM Instrument AB

Analog Devices, Inc.


Type Analysis of World Wide Market:


Vibration Monitoring


Oil Analysis

Corrosion Monitoring


Segmentation of global Machine Condition Monitoring Market by Application:


Oil & Gas

Power Generation

Metal & Mining




Food & Beverages




Market segment by Region/Country including:


North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Spain etc.)

Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

South America (Brazil, Argentina and Colombia etc.)

Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)


This Machine Condition Monitoring market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.


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This research report gives detailed data about the major factors influencing the growth of the Machine Condition Monitoring market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.