PUBLISHER: The Business Research Company | PRODUCT CODE: 1932739
PUBLISHER: The Business Research Company | PRODUCT CODE: 1932739
Machine condition monitoring is the practice of continuously tracking a machine's status over time, encompassing factors like efficiency to detect potential deeper issues. Its purpose is to minimize and eliminate unexpected machine downtime, enhance equipment health and performance, improve product quality, reduce scrap, and optimize maintenance schedules using precise machine data. Additionally, it enables real-time automation based on the machine's current state.
The primary types of machine condition monitoring include hardware, software, and services. Hardware refers to the actual components of a computer and related devices, both internal (e.g., motherboards, hard drives, RAM) and external (e.g., monitors, keyboards, mouse, printers, scanners). Machine condition monitoring can be deployed on-premise or in the cloud, and various techniques such as vibration monitoring, thermography, oil analysis, corrosion monitoring, ultrasound emission, and motor current analysis are utilized. Industries benefiting from machine condition monitoring span oil and gas, power generation, metals and mining, chemicals, automotive, aerospace and defense, food and beverages, and marine.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are affecting the machine condition monitoring market by increasing the cost of imported sensors, data acquisition systems, embedded processors, communication modules, and industrial analytics hardware. Oil and gas, power generation, and manufacturing industries in North America and Europe are particularly impacted due to reliance on imported monitoring equipment, while Asia-Pacific suppliers face export pricing pressure. These tariffs are raising system deployment costs and delaying large-scale monitoring projects. However, they are also driving local production of monitoring hardware, regional sourcing of components, and innovation in software-centric and cloud-based condition monitoring solutions.
The machine condition monitoring market research report is one of a series of new reports from The Business Research Company that provides machine condition monitoring market statistics, including machine condition monitoring industry global market size, regional shares, competitors with a machine condition monitoring market share, detailed machine condition monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the machine condition monitoring industry. This machine condition monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The machine condition monitoring market size has grown strongly in recent years. It will grow from $3.32 billion in 2025 to $3.57 billion in 2026 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to rising industrial automation, need to reduce downtime, adoption of vibration monitoring, growth in heavy industries, maintenance cost optimization.
The machine condition monitoring market size is expected to see strong growth in the next few years. It will grow to $4.78 billion in 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to ai-driven diagnostics adoption, industrial iot expansion, demand for real-time monitoring, digital twin integration, smart factory investments. Major trends in the forecast period include adoption of predictive maintenance solutions, growth of wireless sensor networks, integration with cloud platforms, expansion of data-driven maintenance, demand for asset reliability.
The increasing adoption of wireless communication in machine condition monitoring is driving the growth of the machine condition monitoring market. Wireless communication enables data transmission without physical connections such as wires or cables, allowing faster and easier deployment of monitoring systems. This reduces data gaps, enhances system reliability, and supports real-time analysis of machine performance. For instance, in September 2024, The WorldData.info, a US-based information group, reported that in 2023 there were 473.99 million wireless connections globally, including 386 million mobile phones, averaging 1.2 mobile phones per person-a trend mirrored in the EU. Therefore, the rising demand for wireless communications is expected to fuel machine condition monitoring market growth.
Major companies in the machine condition monitoring market are concentrating on developing advanced motor condition monitoring devices to enhance predictive maintenance, reduce downtime, improve operational efficiency, and lower maintenance costs by delivering real-time insights into machine health and performance. These advanced motor condition monitoring devices are sophisticated tools designed to continuously evaluate the performance and condition of electric motors and related equipment. They enable local monitoring without the need for complicated installations or cloud systems, making them easier to integrate into existing setups. For example, in February 2023, OMRON Corporation, a Japan-based company, launched the K7DD-PQ Series, an advanced motor condition monitoring device aimed at improving predictive maintenance in manufacturing environments. The K7DD-PQ can measure both voltage and current, or solely current, from power lines that drive motors and other equipment. It can identify multiple failure modes across various load conditions and analyzes over 400 types of feature values derived from current and voltage measurements.
In October 2023, Emerson Electric Co., a US-based company, acquired National Instruments Corporation for $8.2 billion. This acquisition enables Emerson to enhance its portfolio by integrating National Instruments' expertise in machine condition monitoring solutions. National Instruments Corporation is a US-based firm that specializes in providing machine condition monitoring solutions.
Major companies operating in the machine condition monitoring market are ALS Limited, Bruel And Kjaer, Bruel And Kjaer Vibro, Emerson Electric Company, Teledyne FLIR LLC, FLIR Systems Inc., Fluke Corporation, Baker Hughes Company, General Electric Company, Honeywell International Inc., Meggitt PLC, National Instruments Corporation, Parker Hannifin Corporation, Rockwell Automation Inc., Schaeffler India Limited, Schaeffler AG & Co. KG, SKF Condition Monitoring Inc., AB SKF (Svenska Kullagerfabriken), Symphony Industrial AI, Wilcoxon Sensing Technologies Inc., Azima DLI Corporation, IFM Electronic GmbH, Analog Devices Inc., Amphenol Corporation, Nippon Avionics Co. Ltd., PCB Piezotronics Inc., SPM Instrument AB, KCF Technologies Inc., Monnit Corporation
North America was the largest region in the machine condition monitoring market share in 2025. Asia-Pacific is expected to be the fastest-growing market in the machine condition monitoring market. The regions covered in the machine condition monitoring market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the machine condition monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The machine condition monitoring market includes revenues earned by entities by providing identification of appropriate machine condition monitoring technique and selection of available technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The machine condition monitoring market also includes sales of image sensor, microelectronics, complementary metal oxide semiconductor, which are used in machine condition monitoring. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Machine Condition Monitoring Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses machine condition monitoring market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for machine condition monitoring ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The machine condition monitoring market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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