Global Equipment Monitoring Market Size, Share & Forecast, by Monitoring Type, by Monitoring Process, by Deployment Type, by Industry, and Regional Forecasts 2025-2035

Description

The Global Equipment Monitoring Market is valued at approximately USD 4.76 billion in 2024 and is projected to grow at a robust CAGR of 6.70% over the forecast period 2025-2035. Equipment monitoring encompasses a suite of technologies designed to continuously assess machinery health, operational efficiency, and performance integrity across industries. Through the deployment of advanced sensors, data analytics, and predictive maintenance solutions, organizations gain real-time insights into potential equipment failures-helping prevent costly downtimes and ensuring process continuity. The market's growth trajectory is being accelerated by the ongoing adoption of Industry 4.0, the increasing reliance on data-driven decision-making, and the intensifying focus on operational excellence in manufacturing and production environments. Moreover, the surge in smart factory initiatives and the integration of IoT and AI-enabled monitoring platforms are reshaping how companies perceive asset management, converting maintenance from a reactive to a predictive discipline.

The surge in demand for predictive and condition-based maintenance strategies has intensified the need for reliable equipment monitoring systems across heavy industries, including oil & gas, automotive, and power generation. These systems serve as the backbone of modern industrial ecosystems, detecting abnormalities before failures occur and enabling data-backed maintenance schedules that optimize machine uptime. According to the International Federation of Robotics, the number of industrial robots installed worldwide surpassed 553,000 units in 2023-reflecting the exponential growth in automated infrastructure that requires sophisticated monitoring tools. Furthermore, the rise in digital transformation initiatives, coupled with an increasing emphasis on energy efficiency and cost reduction, continues to push industries toward the adoption of smart monitoring technologies. However, high implementation costs and cybersecurity risks associated with connected monitoring systems pose challenges that could restrain the pace of market growth during the forecast period.

The detailed segments and sub-segments included in the report are:

By Monitoring Type:

Vibration
Thermal
Motor Current
Alarm
GPS

By Monitoring Process:

Online
Portable

By Deployment Type:

On-premise
Cloud

By Industry:

Oil & Gas
Power
Automotive

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Online Monitoring is Expected to Dominate the Market
Among all monitoring processes, online monitoring is anticipated to command the largest market share throughout the forecast period. This dominance stems from its unparalleled ability to provide real-time visibility into machine performance, enabling organizations to take immediate corrective actions when operational anomalies arise. Industries that rely on continuous processes-such as oil refineries, power plants, and manufacturing assembly lines-are especially drawn to online monitoring for its capacity to mitigate unplanned downtimes. As the global industrial landscape moves rapidly toward automation and interconnected systems, online monitoring is no longer considered a luxury but an operational necessity. Meanwhile, portable monitoring systems are expected to experience steady growth as they remain indispensable for field diagnostics, maintenance inspections, and low-cost monitoring setups.
Vibration Monitoring Leads in Revenue Contribution
From the perspective of monitoring type, vibration monitoring continues to dominate global revenue share due to its critical role in detecting early signs of mechanical wear, imbalance, and misalignment. It remains the most widely adopted form of equipment monitoring across industries that operate heavy rotating machinery, including energy, mining, and automotive manufacturing. The demand for vibration-based analytics has surged with the advancement of AI-powered condition monitoring systems that analyze frequency patterns and amplitude data to predict machine behavior accurately. Thermal and motor current monitoring, while emerging rapidly, complement vibration analysis by offering broader operational insights, such as heat distribution and electrical efficiency. As industries transition toward fully integrated predictive maintenance ecosystems, vibration monitoring is expected to retain its leadership position, underpinned by its proven reliability, scalability, and integration potential within IoT frameworks.
The key regions considered for the Global Equipment Monitoring Market include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to dominate the market in 2025, thanks to its extensive adoption of predictive maintenance technologies, robust digital infrastructure, and a highly industrialized economy. The United States, in particular, has emerged as a pioneer in implementing AI-driven asset monitoring across manufacturing and power sectors. Europe follows closely, supported by stringent energy efficiency regulations and high automation penetration across the automotive industry. Meanwhile, the Asia Pacific region is expected to be the fastest-growing market during the forecast period, driven by rapid industrialization, smart factory adoption, and government initiatives encouraging digital transformation in countries like China, India, and Japan. Latin America and the Middle East & Africa are gradually catching up as industries in these regions modernize their maintenance frameworks to enhance reliability and competitiveness.

Major market players included in this report are:

ABB Ltd.
Honeywell International Inc.
Siemens AG
Emerson Electric Co.
General Electric Company
SKF Group
National Instruments Corporation
Schneider Electric SE
Bruel & Kjaer Vibro GmbH
Parker Hannifin Corporation
Fluke Corporation
Meggitt PLC
Rockwell Automation, Inc.
ALS Limited
Baker Hughes Company

Global Equipment Monitoring Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments and countries in recent years and forecast their values for the coming decade. The report integrates both qualitative and quantitative aspects of the industry within the countries covered. It also provides detailed information about key growth drivers and restraints that are shaping the market outlook. Furthermore, it highlights emerging opportunities across micro-markets for investors and stakeholders, accompanied by an in-depth competitive landscape and analysis of the product portfolios of leading players. The detailed segments and sub-segments of the market are outlined below.

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Equipment Monitoring Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Equipment Monitoring Market Forces Analysis

3.1. Market Forces Shaping The Global Equipment Monitoring Market (2024-2035)
3.2. Drivers
- 3.2.1. ongoing adoption of Industry 4.0
- 3.2.2. increasing reliance on data-driven decision-making
3.3. Restraints
- 3.3.1. high implementation costs and cybersecurity risks
3.4. Opportunities
- 3.4.1. surge in demand for predictive and condition-based maintenance strategies

Chapter 4. Global Equipment Monitoring Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Equipment Monitoring Market Size & Forecasts by Monitoring Type 2025-2035

5.1. Market Overview
5.2. Global Equipment Monitoring Market Performance - Potential Analysis (2025)
5.3. Vibration
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Thermal
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Motor Current
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035
5.6. Alarm
- 5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.6.2. Market size analysis, by region, 2025-2035
5.7. GPS
- 5.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.7.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Equipment Monitoring Market Size & Forecasts by Monitoring Process 2025-2035

6.1. Market Overview
6.2. Global Equipment Monitoring Market Performance - Potential Analysis (2025)
6.3. Online
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Portable
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Equipment Monitoring Market Size & Forecasts by Deployment type 2025-2035

7.1. Market Overview
7.2. Global Equipment Monitoring Market Performance - Potential Analysis (2025)
7.3. On-premise
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Cloud
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Equipment Monitoring Market Size & Forecasts by Industry 2025-2035

8.1. Market Overview
8.2. Global Equipment Monitoring Market Performance - Potential Analysis (2025)
8.3. Oil & Gas
- 8.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.3.2. Market size analysis, by region, 2025-2035
8.4. Power
- 8.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.4.2. Market size analysis, by region, 2025-2035
8.5. Automotive
- 8.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.5.2. Market size analysis, by region, 2025-2035

Chapter 9. Global Equipment Monitoring Market Size & Forecasts by Region 2025-2035

9.1. Growth Equipment Monitoring Market, Regional Market Snapshot
9.2. Top Leading & Emerging Countries
9.3. North America Equipment Monitoring Market
- 9.3.1. U.S. Equipment Monitoring Market
  - 9.3.1.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.3.1.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.3.1.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.3.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.3.2. Canada Equipment Monitoring Market
  - 9.3.2.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.3.2.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.3.2.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.3.2.4. Industry breakdown size & forecasts, 2025-2035
9.4. Europe Equipment Monitoring Market
- 9.4.1. UK Equipment Monitoring Market
  - 9.4.1.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.4.1.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.4.1.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.4.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.2. Germany Equipment Monitoring Market
  - 9.4.2.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.4.2.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.4.2.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.4.2.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.3. France Equipment Monitoring Market
  - 9.4.3.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.4.3.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.4.3.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.4.3.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.4. Spain Equipment Monitoring Market
  - 9.4.4.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.4.4.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.4.4.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.4.4.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.5. Italy Equipment Monitoring Market
  - 9.4.5.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.4.5.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.4.5.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.4.5.4. Industry breakdown size & forecasts, 2025-2035
- 9.4.6. Rest of Europe Equipment Monitoring Market
  - 9.4.6.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.4.6.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.4.6.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.4.6.4. Industry breakdown size & forecasts, 2025-2035
9.5. Asia Pacific Equipment Monitoring Market
- 9.5.1. China Equipment Monitoring Market
  - 9.5.1.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.5.1.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.5.1.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.5.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.2. India Equipment Monitoring Market
  - 9.5.2.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.5.2.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.5.2.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.5.2.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.3. Japan Equipment Monitoring Market
  - 9.5.3.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.5.3.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.5.3.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.5.3.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.4. Australia Equipment Monitoring Market
  - 9.5.4.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.5.4.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.5.4.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.5.4.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.5. South Korea Equipment Monitoring Market
  - 9.5.5.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.5.5.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.5.5.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.5.5.4. Industry breakdown size & forecasts, 2025-2035
- 9.5.6. Rest of APAC Equipment Monitoring Market
  - 9.5.6.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.5.6.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.5.6.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.5.6.4. Industry breakdown size & forecasts, 2025-2035
9.6. Latin America Equipment Monitoring Market
- 9.6.1. Brazil Equipment Monitoring Market
  - 9.6.1.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.6.1.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.6.1.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.6.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.6.2. Mexico Equipment Monitoring Market
  - 9.6.2.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.6.2.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.6.2.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.6.2.4. Industry breakdown size & forecasts, 2025-2035
9.7. Middle East and Africa Equipment Monitoring Market
- 9.7.1. UAE Equipment Monitoring Market
  - 9.7.1.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.7.1.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.7.1.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.7.1.4. Industry breakdown size & forecasts, 2025-2035
- 9.7.2. Saudi Arabia (KSA) Equipment Monitoring Market
  - 9.7.2.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.7.2.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.7.2.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.7.2.4. Industry breakdown size & forecasts, 2025-2035
- 9.7.3. South Africa Equipment Monitoring Market
  - 9.7.3.1. Monitoring Type breakdown size & forecasts, 2025-2035
  - 9.7.3.2. Monitoring Process breakdown size & forecasts, 2025-2035
  - 9.7.3.3. Deployment Type breakdown size & forecasts, 2025-2035
  - 9.7.3.4. Industry breakdown size & forecasts, 2025-2035

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. ABB Ltd.
- 10.2.1. Company Overview
- 10.2.2. Key Executives
- 10.2.3. Company Snapshot
- 10.2.4. Financial Performance (Subject to Data Availability)
- 10.2.5. Product/Services Port
- 10.2.6. Recent Development
- 10.2.7. Market Strategies
- 10.2.8. SWOT Analysis
10.3. Honeywell International Inc.
10.4. Siemens AG
10.5. Emerson Electric Co.
10.6. General Electric Company
10.7. SKF Group
10.8. National Instruments Corporation
10.9. Schneider Electric SE
10.10. Bruel & Kjaer Vibro GmbH
10.11. Parker Hannifin Corporation
10.12. Fluke Corporation
10.13. Meggitt PLC
10.14. Rockwell Automation, Inc.
10.15. ALS Limited
10.16. Baker Hughes Company