Motor Monitoring Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Offering, By Monitoring Process, By End-Use Industry, By Region & Competition, 2020-2030F

Description

The Global Motor Monitoring Market was valued at USD 2.91 billion in 2024 and is projected to reach USD 5.33 billion by 2030, growing at a CAGR of 10.46% during the forecast period. The market is experiencing notable expansion as industries increasingly prioritize operational efficiency, predictive maintenance, and asset reliability. Electric motors, being integral to manufacturing and process operations, are now monitored in real time to prevent failures, reduce downtime, and extend lifespan. Key industries-including oil & gas, power generation, water treatment, automotive, and manufacturing-are integrating motor monitoring systems to ensure productivity and minimize disruptions. The integration of IIoT, AI, and advanced data analytics is transforming conventional monitoring into intelligent, predictive platforms that enhance decision-making and operational planning. This technological evolution is driving a shift from reactive to proactive maintenance strategies, amplifying the demand for scalable, efficient monitoring solutions across global industrial environments.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 2.91 Billion
Market Size 2030	USD 5.33 Billion
CAGR 2025-2030	10.46%
Fastest Growing Segment	Software
Largest Market	North America

Key Market Drivers

Increasing Focus on Predictive Maintenance

Predictive maintenance has emerged as a vital approach for industries operating motor-dependent systems, offering the ability to forecast faults before they escalate into costly breakdowns. By continuously monitoring key performance parameters like vibration, temperature, and power consumption, organizations can reduce unplanned downtime, optimize maintenance schedules, and extend asset lifespans. Studies show that up to 60% of equipment failures are preventable through predictive technologies, while maintenance costs can be lowered by 30% and equipment lifespan increased by 25%. With around 40 million electric motors in industrial use globally, the potential for efficiency improvements is substantial. The integration of AI and machine learning into motor monitoring platforms enhances fault detection and enables more accurate predictive models. As industries intensify their focus on reliability and cost optimization, the role of predictive maintenance in driving demand for motor monitoring systems continues to grow.

Key Market Challenges

High Initial Investment and Deployment Costs

A major constraint for the widespread adoption of motor monitoring systems is the high upfront cost, which can deter small and mid-sized enterprises. The expense of hardware components such as sensors, transducers, and communication units, coupled with the cost of integrating these systems into legacy SCADA, ERP, or DCS infrastructures, makes initial deployment capital-intensive. For many organizations, particularly in budget-conscious industries, return on investment may not materialize immediately, slowing implementation. Retrofitting older facilities further adds to cost and complexity. In addition, cloud-based or edge analytics platforms involve ongoing subscription and maintenance fees, while personnel training and reliance on external service providers create further financial and operational burdens. These challenges are especially pronounced in developing regions or remote installations where infrastructure and technical support are limited. As a result, the high cost of adoption remains a key hurdle to broader market penetration, despite the long-term operational benefits.

Key Market Players

ABB Ltd.
Siemens AG
General Electric
Schneider Electric
Rockwell Automation
Emerson Electric Co.
Honeywell International Inc.
Mitsubishi Electric Corporation
Nidec Corporation
Bosch Rexroth AG

Report Scope:

In this report, the Global Motor Monitoring Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Motor Monitoring Market, By Offering:

Hardware
Software
Services

Motor Monitoring Market, By Monitoring Process:

Online Monitoring
Offline Monitoring

Motor Monitoring Market, By End-Use Industry:

Oil & Gas
Power Generation
Water & Wastewater
Metals & Mining
Others

Motor Monitoring Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
South America
- Brazil
- Argentina
- Colombia
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Motor Monitoring Market.

Available Customizations:

Global Motor Monitoring Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Motor Monitoring Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Offering (Hardware, Software, Services)
- 5.2.2. By Monitoring Process (Online Monitoring, Offline Monitoring)
- 5.2.3. By End-Use Industry (Oil & Gas, Power Generation, Water & Wastewater, Metals & Mining, Others)
- 5.2.4. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
5.3. By Company (2024)
5.4. Market Map

6. North America Motor Monitoring Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Offering
- 6.2.2. By Monitoring Process
- 6.2.3. By End-Use Industry
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Motor Monitoring Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Offering
    - 6.3.1.2.2. By Monitoring Process
    - 6.3.1.2.3. By End-Use Industry
- 6.3.2. Canada Motor Monitoring Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Offering
    - 6.3.2.2.2. By Monitoring Process
    - 6.3.2.2.3. By End-Use Industry
- 6.3.3. Mexico Motor Monitoring Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Offering
    - 6.3.3.2.2. By Monitoring Process
    - 6.3.3.2.3. By End-Use Industry

7. Europe Motor Monitoring Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Offering
- 7.2.2. By Monitoring Process
- 7.2.3. By End-Use Industry
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Motor Monitoring Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Offering
    - 7.3.1.2.2. By Monitoring Process
    - 7.3.1.2.3. By End-Use Industry
- 7.3.2. France Motor Monitoring Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Offering
    - 7.3.2.2.2. By Monitoring Process
    - 7.3.2.2.3. By End-Use Industry
- 7.3.3. United Kingdom Motor Monitoring Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Offering
    - 7.3.3.2.2. By Monitoring Process
    - 7.3.3.2.3. By End-Use Industry
- 7.3.4. Italy Motor Monitoring Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Offering
    - 7.3.4.2.2. By Monitoring Process
    - 7.3.4.2.3. By End-Use Industry
- 7.3.5. Spain Motor Monitoring Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Offering
    - 7.3.5.2.2. By Monitoring Process
    - 7.3.5.2.3. By End-Use Industry

8. Asia Pacific Motor Monitoring Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Offering
- 8.2.2. By Monitoring Process
- 8.2.3. By End-Use Industry
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Motor Monitoring Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Offering
    - 8.3.1.2.2. By Monitoring Process
    - 8.3.1.2.3. By End-Use Industry
- 8.3.2. India Motor Monitoring Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Offering
    - 8.3.2.2.2. By Monitoring Process
    - 8.3.2.2.3. By End-Use Industry
- 8.3.3. Japan Motor Monitoring Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Offering
    - 8.3.3.2.2. By Monitoring Process
    - 8.3.3.2.3. By End-Use Industry
- 8.3.4. South Korea Motor Monitoring Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Offering
    - 8.3.4.2.2. By Monitoring Process
    - 8.3.4.2.3. By End-Use Industry
- 8.3.5. Australia Motor Monitoring Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Offering
    - 8.3.5.2.2. By Monitoring Process
    - 8.3.5.2.3. By End-Use Industry

9. Middle East & Africa Motor Monitoring Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Offering
- 9.2.2. By Monitoring Process
- 9.2.3. By End-Use Industry
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Motor Monitoring Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Offering
    - 9.3.1.2.2. By Monitoring Process
    - 9.3.1.2.3. By End-Use Industry
- 9.3.2. UAE Motor Monitoring Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Offering
    - 9.3.2.2.2. By Monitoring Process
    - 9.3.2.2.3. By End-Use Industry
- 9.3.3. South Africa Motor Monitoring Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Offering
    - 9.3.3.2.2. By Monitoring Process
    - 9.3.3.2.3. By End-Use Industry

10. South America Motor Monitoring Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Offering
- 10.2.2. By Monitoring Process
- 10.2.3. By End-Use Industry
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Motor Monitoring Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Offering
    - 10.3.1.2.2. By Monitoring Process
    - 10.3.1.2.3. By End-Use Industry
- 10.3.2. Colombia Motor Monitoring Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Offering
    - 10.3.2.2.2. By Monitoring Process
    - 10.3.2.2.3. By End-Use Industry
- 10.3.3. Argentina Motor Monitoring Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Offering
    - 10.3.3.2.2. By Monitoring Process
    - 10.3.3.2.3. By End-Use Industry

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends and Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. ABB Ltd.
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel
- 13.1.5. Key Product/Services Offered
13.2. Siemens AG
13.3. General Electric
13.4. Schneider Electric
13.5. Rockwell Automation
13.6. Emerson Electric Co.
13.7. Honeywell International Inc.
13.8. Mitsubishi Electric Corporation
13.9. Nidec Corporation
13.10. Bosch Rexroth AG