Emerging Trends and Opportunities in the Machine Condition Monitoring Market: Forecast to 2030

Author : Mantesh Sharma | Published On : 03 Apr 2024

SourceURL:file:///home/sanketgathade/PR Formate/Machine Condition Monitoring Market.docx

This Machine Condition Monitoring market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Machine Condition Monitoring report simplifies managing marketing of goods and services effectively.

Data Bridge Market Research analyses that the global machine condition monitoring market which was USD 3.21 billion in 2022, is expected to reach USD 5.12 billion by 2030, and is expected to undergo a CAGR of 6.00% during the forecast period 2023-2030. 

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Market Overview:

Machine condition monitoring is a procedure for monitoring the condition of a machine. It basically helps in predicting mechanical wear and failure by monitoring the condition of machine such as humidity, temperature, pressure and others. It also provides early warning system for the machines to detect damage in correct time and helps to prevent further consequential damage. The increasing disposition towards predictive maintenance along with trends of smart factory or 4.0 will emerge as the major factor driving market growth.

Some of the major players operating in the Machine Condition Monitoring market are Emerson Electric Co. (U.S.), General Electric (U.S.), Honeywell International Inc. (U.S.), National Instruments Corp. (U.S.), AB SRF (India), ALS (Australia), Wilcoxon Sensing Technologies (U.S.), Rockwell Automation, Inc. (U.S.), PARKER HANNIFIN CORP (U.S.), Schaeffler AGSYMPHONY AZIMAAI, Brüel & Kjær. (Germany), Fluke Corporation (U.S.), Meggitt PLC (U.K.), PCB Piezotronics, Inc. (U.S.), FLIR Systems, Inc. (U.S.), SPM Instrument AB. (Sweden), Analog Devices, Inc. (U.S.), Machine Saver (U.S.), 3d SignalsLogiLube, LLC (Canada), Petasense Inc. (U.S.), and Senseye Ltd. (U.K.) among others.

Global Machine Condition Monitoring Market Scope

The global machine condition monitoring market is segmented on the basis of monitoring technique, offering, deployment type, monitoring process and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Monitoring Technique

Vibration Monitoring


Oil Analysis

Corrosion Monitoring

Ultrasound Emission

Motor Current Analysis



Vibration Sensors

Infrared Sensors


Ultrasound Detectors

Spectrum Analyzers

Corrosion Probes



Data Integration

Diagnostic Reporting

Order Tracking Analysis

Parameter Calculation

Deployment Type



Monitoring Process

Online Condition Monitoring

Portable Condition Monitoring


Oil and Gas

Power Generation

Metals and Mining



Aerospace and Defense

Food and Beverages



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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Machine Condition Monitoring Market Landscape

Part 04: Global Machine Condition Monitoring Market Sizing

Part 05: Global Machine Condition Monitoring Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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