Global Machine Condition Monitoring Market Size Study & Forecast, by Technique and Offering and Regional Forecasts 2025-2035

Description

The Global Machine Condition Monitoring Market is valued at approximately USD 3.1 billion in 2024 and is projected to expand at a compelling compound annual growth rate of 8.30% over the forecast period of 2025-2035. Machine condition monitoring refers to the systematic process of tracking equipment health through advanced diagnostic techniques that measure vibration patterns, temperature variations, lubricant quality, and acoustic signals. These insights enable organizations to anticipate mechanical failures before they cascade into costly downtime. As industries increasingly shift from reactive maintenance models to predictive and prescriptive strategies, condition monitoring solutions are being worked into core operational frameworks, helping manufacturers, utilities, and process industries safeguard asset integrity while optimizing lifecycle costs.

The momentum behind this market is being carried forward by accelerating industrial automation, digital transformation initiatives, and the growing emphasis on operational excellence across heavy industries. As production environments become more complex, enterprises are doubling down on intelligent monitoring systems to cut through uncertainty and head off unplanned outages. The proliferation of Industry 4.0, coupled with the integration of IoT-enabled sensors and AI-driven analytics, has significantly widened the scope of machine condition monitoring. Moreover, stringent safety regulations and mounting pressure to reduce maintenance expenditure are pushing organizations to scale up adoption, particularly in asset-intensive sectors such as manufacturing, energy, mining, and transportation.

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

By Technique:

Vibration Monitoring
Thermography
Oil Analysis
Ultrasound Emission

By Offering:

Vibration Sensors
Infrared Sensors
Spectrometers
Corrosion Probes
Spectrum Analyzers

From a technique standpoint, vibration monitoring is expected to dominate the global machine condition monitoring market throughout the forecast horizon. Its dominance is anchored in its proven reliability for detecting early-stage mechanical faults in rotating machinery such as motors, turbines, compressors, and pumps. Vibration monitoring systems are widely deployed across industrial plants due to their ability to flag misalignment, imbalance, bearing wear, and structural looseness with remarkable precision. As companies strive to lock in uptime and extract more value from aging assets, vibration-based techniques are increasingly being built into enterprise-wide maintenance architectures, reinforcing their position as the backbone of condition monitoring programs.

In terms of revenue contribution, vibration sensors currently lead the market, accounting for the largest share of global revenues. Their widespread installation across critical machinery, combined with continuous advancements in sensor sensitivity, wireless connectivity, and data accuracy, has allowed this segment to pull ahead. While infrared sensors and spectrometers are gaining traction-particularly in applications involving thermal diagnostics and lubricant analysis-vibration sensors continue to command premium spending due to their indispensable role in predictive maintenance strategies. At the same time, spectrum analyzers and corrosion probes are steadily carving out niche demand, especially in harsh industrial environments where failure prevention is non-negotiable.

Regionally, North America holds a commanding position in the global machine condition monitoring market, supported by a mature industrial base, early adoption of advanced maintenance technologies, and strong investment in smart manufacturing initiatives. Europe follows closely, driven by stringent safety standards, sustainability mandates, and widespread modernization of industrial infrastructure. Meanwhile, Asia Pacific is emerging as the fastest-growing region over the forecast period, underpinned by rapid industrialization, expanding manufacturing capacity, and increasing awareness of predictive maintenance benefits across countries such as China, India, Japan, and South Korea. Latin America and the Middle East & Africa are also gaining ground as infrastructure development and industrial diversification gather pace, creating fresh opportunities for condition monitoring solution providers.

Major market players included in this report are:

Siemens AG
General Electric Company
Emerson Electric Co.
SKF Group
ABB Ltd.
Rockwell Automation, Inc.
Honeywell International Inc.
Schaeffler AG
National Instruments Corporation
Yokogawa Electric Corporation
Parker Hannifin Corporation
Fluke Corporation
Analog Devices, Inc.
Meggitt PLC
ALS Limited

Global Machine Condition 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 to forecast the values for the coming years. The report is designed to weave together both qualitative and quantitative insights, capturing the evolving dynamics of the machine condition monitoring ecosystem across major regions. It further sheds light on key growth drivers, structural challenges, and emerging opportunities shaping the market's future. By mapping competitive strategies and product portfolios of leading players, the report equips stakeholders with actionable intelligence to navigate investment decisions and align long-term business strategies with market realities.

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 Machine Condition 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 Machine Condition Monitoring Market Forces Analysis

3.1. Market Forces Shaping The Global Machine Condition Monitoring Market (2024-2035)
3.2. Drivers
- 3.2.1. shift from reactive maintenance models to predictive and prescriptive strategies
- 3.2.2. Increasing use of condition monitoring solutions
3.3. Restraints
- 3.3.1. Shortage Of Skilled Professionals
3.4. Opportunities
- 3.4.1. stringent safety regulations and mounting pressure

Chapter 4. Global Machine Condition 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 Machine Condition Monitoring Market Size & Forecasts by Technique 2025-2035

5.1. Market Overview
5.2. Global Machine Condition Monitoring Market Performance - Potential Analysis (2025)
5.3. Vibration Monitoring
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Thermography
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Oil Analysis
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035
5.6. Ultrasound Emission
- 5.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.6.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Machine Condition Monitoring Market Size & Forecasts by Offering 2025-2035

6.1. Market Overview
6.2. Global Machine Condition Monitoring Market Performance - Potential Analysis (2025)
6.3. Vibration Sensors
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Infrared Sensors
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. Spectrometers
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. Corrosion Probes
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035
6.7. Spectrum Analyzers
- 6.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.7.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Machine Condition Monitoring Market Size & Forecasts by Region 2025-2035

7.1. Growth Machine Condition Monitoring Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Machine Condition Monitoring Market
- 7.3.1. U.S. Machine Condition Monitoring Market
  - 7.3.1.1. Technique breakdown size & forecasts, 2025-2035
  - 7.3.1.2. Offering breakdown size & forecasts, 2025-2035
- 7.3.2. Canada Machine Condition Monitoring Market
  - 7.3.2.1. Technique breakdown size & forecasts, 2025-2035
  - 7.3.2.2. Offering breakdown size & forecasts, 2025-2035
7.4. Europe Machine Condition Monitoring Market
- 7.4.1. UK Machine Condition Monitoring Market
  - 7.4.1.1. Technique breakdown size & forecasts, 2025-2035
  - 7.4.1.2. Offering breakdown size & forecasts, 2025-2035
- 7.4.2. Germany Machine Condition Monitoring Market
  - 7.4.2.1. Technique breakdown size & forecasts, 2025-2035
  - 7.4.2.2. Offering breakdown size & forecasts, 2025-2035
- 7.4.3. France Machine Condition Monitoring Market
  - 7.4.3.1. Technique breakdown size & forecasts, 2025-2035
  - 7.4.3.2. Offering breakdown size & forecasts, 2025-2035
- 7.4.4. Spain Machine Condition Monitoring Market
  - 7.4.4.1. Technique breakdown size & forecasts, 2025-2035
  - 7.4.4.2. Offering breakdown size & forecasts, 2025-2035
- 7.4.5. Italy Machine Condition Monitoring Market
  - 7.4.5.1. Technique breakdown size & forecasts, 2025-2035
  - 7.4.5.2. Offering breakdown size & forecasts, 2025-2035
- 7.4.6. Rest of Europe Machine Condition Monitoring Market
  - 7.4.6.1. Technique breakdown size & forecasts, 2025-2035
  - 7.4.6.2. Offering breakdown size & forecasts, 2025-2035
7.5. Asia Pacific Machine Condition Monitoring Market
- 7.5.1. China Machine Condition Monitoring Market
  - 7.5.1.1. Technique breakdown size & forecasts, 2025-2035
  - 7.5.1.2. Offering breakdown size & forecasts, 2025-2035
- 7.5.2. India Machine Condition Monitoring Market
  - 7.5.2.1. Technique breakdown size & forecasts, 2025-2035
  - 7.5.2.2. Offering breakdown size & forecasts, 2025-2035
- 7.5.3. Japan Machine Condition Monitoring Market
  - 7.5.3.1. Technique breakdown size & forecasts, 2025-2035
  - 7.5.3.2. Offering breakdown size & forecasts, 2025-2035
- 7.5.4. Australia Machine Condition Monitoring Market
  - 7.5.4.1. Technique breakdown size & forecasts, 2025-2035
  - 7.5.4.2. Offering breakdown size & forecasts, 2025-2035
- 7.5.5. South Korea Machine Condition Monitoring Market
  - 7.5.5.1. Technique breakdown size & forecasts, 2025-2035
  - 7.5.5.2. Offering breakdown size & forecasts, 2025-2035
- 7.5.6. Rest of APAC Machine Condition Monitoring Market
  - 7.5.6.1. Technique breakdown size & forecasts, 2025-2035
  - 7.5.6.2. Offering breakdown size & forecasts, 2025-2035
7.6. Latin America Machine Condition Monitoring Market
- 7.6.1. Brazil Machine Condition Monitoring Market
  - 7.6.1.1. Technique breakdown size & forecasts, 2025-2035
  - 7.6.1.2. Offering breakdown size & forecasts, 2025-2035
- 7.6.2. Mexico Machine Condition Monitoring Market
  - 7.6.2.1. Technique breakdown size & forecasts, 2025-2035
  - 7.6.2.2. Offering breakdown size & forecasts, 2025-2035
7.7. Middle East and Africa Machine Condition Monitoring Market
- 7.7.1. UAE Machine Condition Monitoring Market
  - 7.7.1.1. Technique breakdown size & forecasts, 2025-2035
  - 7.7.1.2. Offering breakdown size & forecasts, 2025-2035
- 7.7.2. Saudi Arabia (KSA) Machine Condition Monitoring Market
  - 7.7.2.1. Technique breakdown size & forecasts, 2025-2035
  - 7.7.2.2. Offering breakdown size & forecasts, 2025-2035
- 7.7.3. South Africa Machine Condition Monitoring Market
  - 7.7.3.1. Technique breakdown size & forecasts, 2025-2035
  - 7.7.3.2. Offering breakdown size & forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Siemens AG
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Port
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
8.3. General Electric Company
8.4. Emerson Electric Co.
8.5. SKF Group
8.6. ABB Ltd.
8.7. Rockwell Automation, Inc.
8.8. Honeywell International Inc.
8.9. Schaeffler AG
8.10. National Instruments Corporation
8.11. Yokogawa Electric Corporation
8.12. Parker Hannifin Corporation
8.13. Fluke Corporation
8.14. Analog Devices, Inc.
8.15. Meggitt PLC
8.16. ALS Limited