#Machine Condition Monitoring Market size

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Machine Condition Monitoring Market 2030 Key Growth Drivers, Challenges & Leading Key Players Review

The global machine condition monitoring market was valued at approximately USD 3.49 billion in 2024 and is expected to experience steady growth with a compound annual growth rate (CAGR) of 7.6% from 2025 to 2030. The growth is largely driven by the rising need for advanced diagnostics to assess and monitor machine health, which helps to prevent failures and optimize equipment performance. Condition monitoring has become crucial for manufacturers aiming to improve operational efficiency, reduce unexpected downtime, and better manage spare parts and costs. The push towards lean manufacturing has further accelerated the adoption of these systems, enabling companies to streamline production and achieve greater cost predictability.

Gather more insights about the market drivers, restrains and growth of the Machine Condition Monitoring Market

Regional Insights:

North America Machine Condition Monitoring Market Trends

North America held the largest market share, accounting for over 36% of revenue in 2024. The region, particularly the U.S. and Canada, is experiencing increasing demand for machine condition monitoring solutions across industries such as power generation, aerospace, oil & gas, marine, and food & beverages. Vibration monitoring has become particularly important in the oil & gas sector, where it is used to analyze oil conditions in machinery lubricants on offshore platforms. With the rise in offshore oil exploration, companies in North America are well-positioned to strengthen their market presence by integrating advanced monitoring technologies. This trend indicates a growing emphasis on predictive maintenance and reliability to enhance operational efficiency and ensure safety.

U.S. In the United States, the machine condition monitoring market is expanding as manufacturers embrace Industry 4.0 practices to improve productivity. Industry 4.0 encourages the adoption of smart technologies and predictive maintenance to reduce equipment downtime and associated costs. As a result, predictive maintenance is being widely implemented across the U.S. manufacturing sector, allowing businesses to perform timely repairs, minimize unplanned shutdowns, and extend the lifespan of machinery, all of which are contributing to market growth.

Asia Pacific Machine Condition Monitoring Market Trends

Asia Pacific is expected to see the highest growth rate in the machine condition monitoring market. Within the region, China is the largest market, followed by India and Japan, driven by extensive manufacturing activities and governmental support for Industry 4.0 initiatives. As these countries continue to adopt smart manufacturing technologies, the demand for condition monitoring solutions is expected to grow. Furthermore, global leaders in condition monitoring technology, such as SKF, General Electric, and Honeywell International Inc., are actively investing in research and development in the region. These companies are also expanding their presence in Asia Pacific, which is further contributing to the market's strong growth trajectory.

Europe Machine Condition Monitoring Market Trends

Europe’s machine condition monitoring market is projected to grow significantly over the coming years. The increase is largely due to substantial investments in automation and digitalization across industries such as manufacturing, automotive, and energy. Additionally, strict regulations related to equipment safety and environmental impact are motivating companies to adopt condition monitoring technologies. By integrating these advanced monitoring solutions, European companies are able to meet regulatory standards, reduce operational risks, and achieve higher efficiency, which is helping to drive market expansion in the region.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global postal automation system market size was estimated at USD 903.7 million in 2024 and is projected to grow at a CAGR of 7.0% from 2025 to 2030.

The global generative AI market size was valued at USD 16.87 billion in 2024 and is projected to grow at a CAGR of 37.6% from 2025 to 2030.

Key Companies & Market Share Insights:

In the highly competitive machine condition monitoring market, leading companies, including Emerson Electric Co., General Electric, Honeywell International Inc., and SKF, are implementing strategic initiatives to strengthen their market positions and expand their customer base. These companies leverage partnerships, mergers, acquisitions, collaborations, and new product developments to stay ahead of market trends and meet the evolving needs of industries relying on condition monitoring for equipment reliability and performance. Their focus on innovation helps these companies stay competitive in response to advancements in security, efficiency, and predictive maintenance technologies.

Emerson Electric Co. -

Emerson Electric Co. is a global leader in technology and engineering, providing automation solutions and industrial equipment across various sectors. In the machine condition monitoring sector, Emerson Electric Co. offers a comprehensive portfolio of products and services aimed at optimizing equipment health, performance, and overall operational efficiency. Their condition monitoring solutions incorporate advanced technologies, including the Internet of Things (IoT) and Artificial Intelligence (AI), to deliver real-time insights into equipment status. This proactive monitoring supports predictive maintenance strategies that help prevent breakdowns and reduce operational downtime.

Emerson Electric Co.’s portfolio includes a range of products such as wireless sensors, advanced diagnostic tools, and software platforms that allow seamless data integration and analysis. These solutions enable companies to monitor machinery remotely, assess real-time equipment data, and detect potential issues early. This suite of tools enhances not only operational efficiency but also safety and reliability by identifying emerging problems before they escalate. With these advanced condition monitoring capabilities, Emerson Electric Co. continues to provide industries with essential tools for equipment optimization and cost reduction.

General Electric -

Known for its expansive and diverse portfolio, General Electric (GE) operates across sectors such as aviation, healthcare, and renewable energy. In the machine condition monitoring market, GE leverages its expertise in IoT technology and predictive analytics to deliver cutting-edge solutions for equipment health monitoring and reliability enhancement. GE’s machine condition monitoring solutions, such as the innovative GE Digital Twin technology, enable real-time monitoring and predictive maintenance for critical equipment.

The GE Digital Twin technology creates virtual replicas of physical assets, allowing operators to simulate and analyze the behavior of machinery under various conditions. This technology enables companies to monitor the health of machinery remotely, assess historical performance, and predict potential failure points. Through these insights, businesses can initiate maintenance before issues arise, reducing the chances of unplanned downtime and maximizing equipment uptime. GE’s commitment to machine condition monitoring reflects its emphasis on digital transformation and its role in supporting clients with data-driven strategies that enhance reliability and performance across multiple industries.

Key Machine Condition Monitoring Companies:

ALS

Emerson Electric Co.

General Electric

Honeywell International Inc.

Megget PLC

NATIONAL INSTRUMENTS CORP

Parker Hannifin

Rockwell Automation, Inc.

SKF

Schaeffler AG

Order a free sample PDF of the Machine Condition Monitoring Market Intelligence Study, published by Grand View Research.

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Machine Condition Monitoring Industry 2030 Size, Share, Business Growth, Demand and Applications

The global machine condition monitoring market was valued at approximately USD 3.49 billion in 2024 and is expected to experience steady growth with a compound annual growth rate (CAGR) of 7.6% from 2025 to 2030. The growth is largely driven by the rising need for advanced diagnostics to assess and monitor machine health, which helps to prevent failures and optimize equipment performance.…

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Machine Condition Monitoring Industry 2030 Outlook, Regions, Size Estimation and Upcoming Trend

The global machine condition monitoring market was valued at approximately USD 3.49 billion in 2024 and is expected to experience steady growth with a compound annual growth rate (CAGR) of 7.6% from 2025 to 2030. The growth is largely driven by the rising need for advanced diagnostics to assess and monitor machine health, which helps to prevent failures and optimize equipment performance. Condition monitoring has become crucial for manufacturers aiming to improve operational efficiency, reduce unexpected downtime, and better manage spare parts and costs. The push towards lean manufacturing has further accelerated the adoption of these systems, enabling companies to streamline production and achieve greater cost predictability.

Gather more insights about the market drivers, restrains and growth of the Machine Condition Monitoring Market

Regional Insights:

North America Machine Condition Monitoring Market Trends

North America held the largest market share, accounting for over 36% of revenue in 2024. The region, particularly the U.S. and Canada, is experiencing increasing demand for machine condition monitoring solutions across industries such as power generation, aerospace, oil & gas, marine, and food & beverages. Vibration monitoring has become particularly important in the oil & gas sector, where it is used to analyze oil conditions in machinery lubricants on offshore platforms. With the rise in offshore oil exploration, companies in North America are well-positioned to strengthen their market presence by integrating advanced monitoring technologies. This trend indicates a growing emphasis on predictive maintenance and reliability to enhance operational efficiency and ensure safety.

U.S. In the United States, the machine condition monitoring market is expanding as manufacturers embrace Industry 4.0 practices to improve productivity. Industry 4.0 encourages the adoption of smart technologies and predictive maintenance to reduce equipment downtime and associated costs. As a result, predictive maintenance is being widely implemented across the U.S. manufacturing sector, allowing businesses to perform timely repairs, minimize unplanned shutdowns, and extend the lifespan of machinery, all of which are contributing to market growth.

Asia Pacific Machine Condition Monitoring Market Trends

Asia Pacific is expected to see the highest growth rate in the machine condition monitoring market. Within the region, China is the largest market, followed by India and Japan, driven by extensive manufacturing activities and governmental support for Industry 4.0 initiatives. As these countries continue to adopt smart manufacturing technologies, the demand for condition monitoring solutions is expected to grow. Furthermore, global leaders in condition monitoring technology, such as SKF, General Electric, and Honeywell International Inc., are actively investing in research and development in the region. These companies are also expanding their presence in Asia Pacific, which is further contributing to the market's strong growth trajectory.

Europe Machine Condition Monitoring Market Trends

Europe’s machine condition monitoring market is projected to grow significantly over the coming years. The increase is largely due to substantial investments in automation and digitalization across industries such as manufacturing, automotive, and energy. Additionally, strict regulations related to equipment safety and environmental impact are motivating companies to adopt condition monitoring technologies. By integrating these advanced monitoring solutions, European companies are able to meet regulatory standards, reduce operational risks, and achieve higher efficiency, which is helping to drive market expansion in the region.

Browse through Grand View Research's Category Next Generation Technologies Industry Research Reports.

The global postal automation system market size was estimated at USD 903.7 million in 2024 and is projected to grow at a CAGR of 7.0% from 2025 to 2030.

The global generative AI market size was valued at USD 16.87 billion in 2024 and is projected to grow at a CAGR of 37.6% from 2025 to 2030.

Key Companies & Market Share Insights:

In the highly competitive machine condition monitoring market, leading companies, including Emerson Electric Co., General Electric, Honeywell International Inc., and SKF, are implementing strategic initiatives to strengthen their market positions and expand their customer base. These companies leverage partnerships, mergers, acquisitions, collaborations, and new product developments to stay ahead of market trends and meet the evolving needs of industries relying on condition monitoring for equipment reliability and performance. Their focus on innovation helps these companies stay competitive in response to advancements in security, efficiency, and predictive maintenance technologies.

Emerson Electric Co. -

Emerson Electric Co. is a global leader in technology and engineering, providing automation solutions and industrial equipment across various sectors. In the machine condition monitoring sector, Emerson Electric Co. offers a comprehensive portfolio of products and services aimed at optimizing equipment health, performance, and overall operational efficiency. Their condition monitoring solutions incorporate advanced technologies, including the Internet of Things (IoT) and Artificial Intelligence (AI), to deliver real-time insights into equipment status. This proactive monitoring supports predictive maintenance strategies that help prevent breakdowns and reduce operational downtime.

Emerson Electric Co.’s portfolio includes a range of products such as wireless sensors, advanced diagnostic tools, and software platforms that allow seamless data integration and analysis. These solutions enable companies to monitor machinery remotely, assess real-time equipment data, and detect potential issues early. This suite of tools enhances not only operational efficiency but also safety and reliability by identifying emerging problems before they escalate. With these advanced condition monitoring capabilities, Emerson Electric Co. continues to provide industries with essential tools for equipment optimization and cost reduction.

General Electric -

Known for its expansive and diverse portfolio, General Electric (GE) operates across sectors such as aviation, healthcare, and renewable energy. In the machine condition monitoring market, GE leverages its expertise in IoT technology and predictive analytics to deliver cutting-edge solutions for equipment health monitoring and reliability enhancement. GE’s machine condition monitoring solutions, such as the innovative GE Digital Twin technology, enable real-time monitoring and predictive maintenance for critical equipment.

The GE Digital Twin technology creates virtual replicas of physical assets, allowing operators to simulate and analyze the behavior of machinery under various conditions. This technology enables companies to monitor the health of machinery remotely, assess historical performance, and predict potential failure points. Through these insights, businesses can initiate maintenance before issues arise, reducing the chances of unplanned downtime and maximizing equipment uptime. GE’s commitment to machine condition monitoring reflects its emphasis on digital transformation and its role in supporting clients with data-driven strategies that enhance reliability and performance across multiple industries.

Key Machine Condition Monitoring Companies:

ALS

Emerson Electric Co.

General Electric

Honeywell International Inc.

Megget PLC

NATIONAL INSTRUMENTS CORP

Parker Hannifin

Rockwell Automation, Inc.

SKF

Schaeffler AG

Order a free sample PDF of the Machine Condition Monitoring Market Intelligence Study, published by Grand View Research.

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Machine Condition Monitoring Market Key Companies, Trends, Growth and Forecast Report, 2030

The global machine condition monitoring market size is expected to reach USD 5.46 billion by 2030, according to a new report by Grand View Research, Inc. The industry is anticipated to grow at a lucrative CAGR of 7.9% from 2023 to 2030. Exponential demand for monitoring services to avoid machinery failure will propel the penetration of condition-monitoring systems. End-users have exhibited an unprecedented demand for predictive maintenance tools to bolster asset life, minimize machine failure and reduce maintenance costs. Stakeholders envisage revenue-boosting potentials in maintaining machine health and reducing downtime with advanced software and tools. The emergence of the Industrial Internet of Things (IIoT) has propelled the measurements, such as pressure, vibration, and temperature.

Machine condition monitoring helps measure equipment, enhance production efficiency, and reduce unplanned downtime. Industrial IoT has provided promising growth potential following the growing footfall of smart sensors across North America, Europe, and the Asia Pacific. Leading companies are poised to prioritize vibration, torque, and temperature monitoring to foster monitoring processes. For instance, vibration diagnosis has gained ground to boost the detection of possible faults, mainly due to the adoption of IoT technology and advanced algorithms.

Gather more insights about the market drivers, restrains and growth of the Machine Condition Monitoring Market

Detailed Segmentation:

Market Dynamics

The widespread adoption of wireless technology in machine condition monitoring is revolutionizing industries by providing an affordable and easily implementable solution. Wireless sensors enable real-time monitoring, offering operators a comprehensive overview of machine health. This proactive approach allows for early problem identification and resolution, preventing costly downtime. The cost-effectiveness of wireless solutions, attributed to their avoidance of complex wiring infrastructure, significantly benefits small and medium-sized businesses, making this technology an accessible option. 

Monitoring Technique Insights

The vibration monitoring segment led market in 2022, accounting for over 26% share of global revenue. The high share can be attributed to soaring demand to detect wear, imbalances, and misalignments. Rising penetration of monitoring vibration has played a pivotal role in offering insights into detecting faults at an early stage. Vibration monitoring solutions have witnessed an uptick in minimizing maintenance, integration, and operational complexities. Industry players have increased investments in continuously monitoring equipment, including cooling tower gearboxes, boiler feed pumps, steam turbines, and gas. End-users will likely embed vibration monitoring into their system to foster reliability and protect data. Technology will remain highly sought-after for diagnosing emerging issues and robust troubleshooting.

Component Insights

The hardware segment led the market in 2022, accounting for over 55% share of the global revenue. The high share can be attributed to increasing use of infrared sensors, ultrasonic detectors, vibration analyzers, and accelerometers. Technologies used in condition monitoring have specialized knowledge of areas where various types of failure can occur. Hardware or sensor manufacturers offer their products in two varieties, static and dynamic, depending on the different frequencies hardware or sensors have. Additionally, this allows manufacturers to minimize machine downtime and implement successful predictive maintenance.

Product Type Insights

The motors segment led the market in 2022, accounting for over 17% of global revenue. Growth is attributed to rising demand for motors in key industries like oil and gas, automotive, and manufacturing. Ensuring motors are in their optimal condition is essential to prevent failures, boost operational efficiency, and minimize downtime, thereby driving the growth of motors segment in machine condition monitoring. As demand for motors in various industries continues to increase, motors segment is anticipated to maintain its growth trajectory in foreseeable future.

Application Insights

The turbines & generators segment led the market in 2022, accounting for over 16% of global revenue. Escalating demand for preventive maintenance in the power generation industry drives the segment's growth. These components are crucial for power plants, and early identification of potential issues through machine condition monitoring helps prevent costly outages. Segment's growth is further fueled by increasing use of renewable energy sources, necessitating advanced monitoring solutions and the adoption of predictive maintenance strategies to optimize costs and uptime. Moreover, development of new technologies, such as vibration analysis and infrared thermography, provides more accurate and detailed data on condition of turbines and generators, boosting the segment's prominence.

Architecture Type Insights

The on-premises segment led the market in 2022, accounting for over 34% of global revenue. On-premises is often managed or self-hosted and ensures organizations meet specific market requirements, enabling teams to optimize their workload and create highly customizable environments. To ensure machines are operating efficiently, engineers need the ability to keep track and monitor status and enable teams to pinpoint long running or inefficient machines easily. Furthermore, the cost-effectiveness of on-premises solutions significantly contributed to their widespread adoption. With businesses keen on budget optimization, the affordability of these solutions rendered them highly attractive, offering access to robust monitoring capabilities without straining financial resources.

Plant Type Insights

Brownfield plant segment held the largest revenue share of over 70% in 2022. This is because brownfield plants are older, nearing the end of their lifespan, and face a higher risk of failures and downtime, creating a pressing need for condition monitoring. Factors such as increased safety focus in the industrial sector, regulatory compliance requirements, and higher probability of equipment problems in older setups contribute to a larger market share for machine condition monitoring in brownfield plants. Proactive monitoring in these environments is crucial for businesses to ensure operational efficiency, minimize risks, and avoid costly disruptions.

Monitoring Process Insights

The online condition monitoring segment held the largest revenue share of over 51% in 2022. Growth is attributed to soaring demand for data monitoring and management to reduce downtime and defects and bolster machine life. Leading manufacturers are poised to prioritize advanced monitoring systems to expand penetration across untapped regions. The need for real-time metrics and alert notifications has triggered demand for online monitoring systems to boost machines' health information. For instance, in July 2022, Valmet, supplier and developer of automation systems, stated that online condition monitoring systems are typically used in industries like oil & gas, power generation, and metals & mining. Demand for online condition monitoring is high as portable monitoring procedures are challenging to use in production plants located in remote areas.

End-use Industry Insights

The power generation segment dominated the market in 2022 and accounted for a revenue share of over 15%. Growth is attributed to high failure rates for some components, such as increased repair costs, entire system overhauls, and unsafe work environments in the power and generation industry. As this industry is product-intensive, it requires continuous machinery maintenance. Further, the oil and gas segment will acquire significant market share due to bullish demand for oil analysis, thermography, and vibration monitoring. The industry has witnessed unprecedented demand for condition monitoring to keep up with demand for sensor applications to boost efficiency and productivity.

Regional Insights

North America dominated the market in 2022, accounting for over 36% share of global revenue. U.S. and Canada are slated to provide promising growth opportunities against bullish demand from power generation, aerospace, oil & gas, marine, and food & beverages industries. The trend for vibration monitoring has become pronounced for oil condition monitoring in oil and gas platform machinery lubricants. With a surge in offshore oil exploration across North America, forward-looking companies could strengthen their position in the regional market. Oil condition monitoring is poised to receive an uptick in predictive maintenance and reliability.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global neural processor market size was estimated at USD 237.6 million in 2023 and is projected to grow at a CAGR of 19.3% from 2024 to 2030.

• The global service virtualization market size was valued at USD 786.0 Million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030. 

Key Companies & Market Share Insights

Incumbent players and startups are poised to emphasize organic and inorganic strategies, including mergers & acquisitions, product offerings, technological advancements, innovations, and geographical expansion. Trend for predictive maintenance and growing footfall of IoT will serve as catalysts to expand their footprint across untapped areas. For instance, in February 2023, Seed Group partnered with Samotics, a provider of asset health monitoring, to introduce condition monitoring services to the Middle East. With Samotics' SAM4 technology utilizing electrical signature analysis (ESA) to monitor critical assets, the partnership aims to cater to a growing demand for advanced condition monitoring solutions in the region's thriving industrial sector. 

Some of the prominent players in the global machine condition monitoring market include:

• ALS

• Emerson Electric Co.

• General Electric

• Honeywell International Inc.

• Megget PLC

• NATIONAL INSTRUMENTS CORP

• Parker Hannifin

• Rockwell Automation, Inc.

• SKF

• Schaeffler AG

Machine Condition Monitoring Market Segmentation

Grand View Research has segmented the global machine condition monitoring market based on monitoring technique, component, product type, application, architecture type, plant type, monitoring process, end-use industry, and region:

Machine Condition Monitoring Technique Outlook (Revenue, USD Billion, 2017 - 2030)

• Torque Monitoring

• Vibration Monitoring

• Oil Analysis

• Thermography

• Corrosion Monitoring

• Others

Machine Condition Monitoring Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Hardware

• Portable/Handheld Condition Monitoring Units

• Software

• Services

Machine Condition Monitoring Product Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Valves

• Compressors

• Turbines

• Gearbox

• Motors

• Bearings

• Couplings

• Others

Machine Condition Monitoring Application Outlook (Revenue, USD Billion, 2017 - 2030)

• HVAC Systems

• Turbines & Generators

• Material Handling

• Conveyors

• Pump Systems

• Sprockets

• Bushings & Hubs

• Control Cabinet Monitoring

• Paper Presses

• Storage Rooms

• Motor Control

• Lubricant Level Monitoring on CNC Machines

• Others

Machine Condition Monitoring Architecture Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Public Cloud

• Edge Platform

• Hybrid Cloud

• On-premises

Machine Condition Monitoring Plant Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Greenfield Plant

• Brownfield Plant

Machine Condition Monitoring Process Outlook (Revenue, USD Billion, 2017 - 2030)

• Online Condition Monitoring

• Portable Condition Monitoring

Machine Condition Monitoring End-use Industry Outlook (Revenue, USD Billion, 2017 - 2030)

• Mining

• Primary Metals

• Power Generation

• Automotive

• Oil & Gas

• Aerospace

• Food & Beverages

• Chemicals

• Marine

• Pharmaceutical

• Pulp & Paper

• Others

Machine Condition Monitoring Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o U.K.

o Germany

o France

• Asia Pacific

o China

o Japan

o India

• Central & South America

o Brazil

• MEA

Order a free sample PDF of the Machine Condition Monitoring Market Intelligence Study, published by Grand View Research.

[mi-researchreports]

The Machine Condition Monitoring Market is expected to reach USD 1.14 billion in 2023 and grow at a CAGR of 9.65% to reach USD 1.80 billion by 2028. Rockwell Automation, Inc., Meggitt PLC, GE Bently Nevada, Emerson Electric Co., SKF Group are the major companies

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North America Machine Condition Monitoring Market Key Players, Share, Size, Trends, Aftermarket, Growth, Opportunities, and Regional Forecast (2019-2027)

The North America machine condition monitoring market is expected to reach US$ 1380.9Mn by 2027 from US$ 1004.3 Mn in 2019; the market is anticipated to grow at a CAGR of 4.1 % from 2019 to2027.

Market Introduction

The smooth operation of contemporary machinery depends on a host of smaller parts and components, each with a finite lifespan and susceptibility to damage and functional failure. Moving elements within motors, fans, engines, and various bearing types are common sources of operational disruption, their continuous movement being crucial for the machines to perform their intended tasks. However, this persistent motion, coupled with the ingress of external contaminants such as dirt or moisture, can cause these machines to lose efficiency, sometimes leading to a complete cessation of operation. Machine condition monitoring products offer a vital service by continuously observing the operational health of these components and predicting potential future failures. This preventative capability drives significant market demand for these products, as their adoption allows operators to avoid costly interruptions in production due to machinery malfunction.

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North America Machine Condition Monitoring Strategic Insights

Strategic insights into the North America Machine Condition Monitoring market offer a data-driven examination of the industry's environment, including prevailing trends, major players, and specific regional characteristics. These insights deliver practical recommendations, enabling readers to differentiate themselves from competitors by identifying unexploited market segments or formulating unique value offerings. Through the application of data analytics, these insights assist industry participants, including investors and manufacturers, in anticipating market evolutions. A forward-looking viewpoint is crucial, helping stakeholders predict market changes and strategically position themselves for sustained success within this evolving region. In essence, impactful strategic insights empower readers to make informed decisions that enhance profitability and realize their business goals within the market.

NORTH AMERICA MACHINE CONDITION MONITORING MARKET SEGMENTATION

North America Machine Condition Monitoring Market: By Monitoring Technique

Vibration Monitoring

Thermography

Oil Analysis

Corrosion Monitoring

Ultrasound Emission

Motor Current Analysis

 North America Machine Condition Monitoring Market: By Offerings

Hardware

Vibration Sensor

Proximity Probes

Tachometer

Infrared Sensors

Spectrometer

Ultrasound Detectors

Corrosion Probe

Others

Software

North America Machine Condition Monitoring Market: By Deployment Type

On-Premises

Cloud

North America Machine Condition Monitoring Market: By Monitoring Process

Online Condition Monitoring

Portable Condition Monitoring

North America Machine Condition Monitoring Market: By Industry

Oil & Gas

Power Generation

Automotive

Aerospace & Defense

Food & Beverages

Manufacturing

Others

 North America Machine Condition Monitoring Market: By Country

US

Canada

Mexico

 North America Machine Condition Monitoring Market: Company Profiles

Emerson Electric

General Electric.

SKF

National Instruments

Honeywell International Inc.

Als Ltd.

Meggitt

Parker Hannifin

Rockwell Automation

Schaeffler

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

[vncglobal]

Supply Chain 2.0: The Evolution of Logistics in the Australian Business Landscape

Introduction: In the dynamic landscape of Australian business, the evolution of supply chain management has reached new heights with the advent of Supply Chain 2.0. This transformative phase is driven by advanced technologies and innovative solutions that redefine how businesses handle logistics. In this blog post, we will explore the changing face of Supply chain solutions in Australia, focusing on supply chain solutions and the role of supply chain management software in this transformative journey.

The Current State of Supply Chain Management in Australia:

Australia's geographical expanse and its position as a global trade hub make efficient supply chain management crucial for businesses. Traditional supply chain models are no longer sufficient to meet the demands of modern commerce. Companies across industries are recognizing the need to adapt and embrace Supply Chain 2.0 to stay competitive in today's fast-paced business environment.

Supply Chain Solutions in Australia:

Supply chain solutions play a pivotal role in enhancing the efficiency, visibility, and overall performance of logistics networks. Companies are increasingly turning to comprehensive supply chain solutions to optimize their operations. From procurement to distribution, these solutions streamline processes, reduce costs, and improve customer satisfaction.

One of the key drivers of Supply Chain 2.0 in Australia is the integration of cutting-edge technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT). These technologies empower businesses to make data-driven decisions, predict demand, and proactively address potential disruptions.

Supply Chain Management Software in Australia:

Central to the evolution of Supply Chain 2.0 is the adoption of advanced supply chain management software. In Australia, businesses are investing in sophisticated software solutions that offer end-to-end visibility and control over the entire supply chain. This software provides real-time insights, enabling companies to make informed decisions and quickly respond to changing market conditions.

The implementation of supply chain management software in Australia is not limited to large enterprises. Small and medium-sized businesses are also recognizing the benefits of digitizing their supply chain processes. Cloud-based solutions make these technologies accessible to businesses of all sizes, leveling the playing field and fostering innovation across the industry.

Benefits of Supply Chain 2.0 in Australia:

Increased Efficiency : Supply Chain 2.0 emphasizes automation and optimization, leading to increased efficiency in operations. From inventory management to order fulfillment, businesses can streamline processes and reduce the risk of errors.

Enhanced Visibility: Real-time data and analytics provided by supply chain management software offer unparalleled visibility into the entire supply chain. This visibility enables businesses to track shipments, monitor inventory levels, and identify potential bottlenecks.

Cost Reduction: By optimizing processes and minimizing inefficiencies, Supply Chain 2.0 helps businesses reduce overall operational costs. This cost-effectiveness is a significant factor driving the adoption of advanced supply chain solutions in Australia.

Adaptability to Market Changes : The dynamic nature of the business landscape requires companies to be agile and responsive. Supply chain management software allows businesses to adapt quickly to market changes, ensuring they stay ahead of the competition.

Final Thoughts :

As Australia embraces Supply Chain 2.0, the evolution of logistics is reshaping the way businesses manage their supply chains. The VNC Global integration of advanced supply chain solutions and management software is propelling the industry toward greater efficiency, visibility, and adaptability. Companies that invest in these technologies are better positioned to navigate the complexities of the modern business landscape, making Supply Chain 2.0 a key enabler of success in the Australian market. To stay competitive, businesses of all sizes must consider adopting these innovative solutions to unlock the full potential of their supply chains.

[pranjaldalvi]

Gas Turbine Market Emerging Trends Driving Innovation and Global Adoption

The gas turbine market is experiencing significant transformation driven by evolving energy demands, environmental regulations, and technological innovations. As nations shift towards cleaner and more efficient power generation methods, gas turbines are gaining renewed importance due to their ability to deliver high power output with lower emissions. These machines, used extensively in power generation, aviation, and industrial processes, are now at the forefront of integrating hybrid technologies and digital advancements. This article explores the emerging trends shaping the global gas turbine market, highlighting the factors influencing its growth and transformation.

1. Shift Towards Decarbonization and Cleaner Energy Solutions One of the most prominent trends in the gas turbine market is the transition towards decarbonization. Governments and industries across the globe are implementing stricter emission regulations, prompting energy producers to adopt technologies that support low-carbon operations. Gas turbines, especially those powered by natural gas or hydrogen blends, are increasingly being viewed as a cleaner alternative to coal-based plants. This shift aligns with national and international climate goals aimed at reducing greenhouse gas emissions.

Additionally, advancements in dry low emissions (DLE) and wet low emissions (WLE) combustion technologies are enabling turbines to operate with reduced NOx and CO2 emissions. Manufacturers are focusing on improving turbine design to support higher efficiency and lower emissions without compromising on performance.

2. Integration of Hydrogen and Sustainable Fuels A key trend reshaping the market is the adoption of hydrogen as a fuel for gas turbines. With growing interest in hydrogen economy initiatives, several turbine manufacturers are developing hydrogen-capable turbine models. These turbines are designed to burn a blend of natural gas and hydrogen, with some models already achieving up to 30% hydrogen co-firing capability.

This trend is expected to gain momentum as green hydrogen production scales up through renewable energy sources such as solar and wind. Gas turbines will play a critical role in balancing intermittent renewable generation, supporting grid stability while reducing the carbon footprint.

3. Growth of Aero-Derivative Gas Turbines Aero-derivative gas turbines are gaining popularity due to their flexibility, compact size, and rapid start-up capabilities. These turbines, derived from jet engine technologies, are ideal for applications requiring quick response times, such as peaking power plants and backup power systems for data centers and hospitals.

Their modular nature and higher efficiency at partial loads make them suitable for distributed energy generation, remote installations, and offshore platforms. As the demand for decentralized power generation increases, aero-derivative gas turbines are expected to capture a larger share of the market.

4. Rise of Digitalization and Predictive Maintenance Digital transformation is revolutionizing gas turbine operations through the adoption of Industrial Internet of Things (IIoT), advanced sensors, and AI-based analytics. These tools enable real-time monitoring, predictive maintenance, and performance optimization. Turbine operators can now anticipate component failures, schedule maintenance more efficiently, and minimize downtime.

Furthermore, digital twins—virtual replicas of gas turbines—are being deployed to simulate real-world conditions and improve operational efficiency. This trend enhances the overall lifecycle management of gas turbines and contributes to reduced operational costs.

5. Expansion in Emerging Economies The gas turbine market is witnessing robust demand in emerging economies, particularly in Asia-Pacific, the Middle East, and Africa. Rapid industrialization, rising electricity demand, and urban expansion in these regions are fueling investments in new power generation infrastructure.

Countries like India, China, and Indonesia are investing in combined cycle power plants (CCPPs) powered by gas turbines to meet energy needs while reducing dependence on coal. This trend is further supported by international investments and collaborations aimed at expanding clean energy infrastructure in developing nations.

6. Hybridization with Renewable Energy Sources The increasing penetration of renewable energy has led to a growing interest in hybrid systems that combine gas turbines with solar or wind power. These hybrid power plants offer enhanced flexibility, reliability, and the ability to provide base-load and peak-load power as needed.

Gas turbines in hybrid systems can quickly ramp up when renewable output fluctuates, making them a valuable component in integrated energy systems. This approach is gaining traction as utilities seek to maintain grid stability while integrating more renewables.

Conclusion

The gas turbine market is undergoing a period of rapid evolution, driven by the need for cleaner energy, technological innovation, and decentralized power solutions. Trends such as hydrogen integration, digital transformation, and hybridization with renewables are shaping the future of gas turbines. With ongoing research and supportive policy frameworks, gas turbines are expected to play a pivotal role in the global energy transition. As manufacturers and operators adapt to these emerging trends, the market is poised for sustained growth and greater technological sophistication in the coming years.

[kajalsawant434]

Glucose Sensors Market: A Comprehensive Global Overview and Future Outlook

Introduction

The Glucose Sensors Market is at the forefront of innovation in the global healthcare landscape, particularly in the management of diabetes—a chronic condition affecting over 500 million people worldwide. With increasing emphasis on early diagnosis, real-time monitoring, and patient-centered care, glucose sensors have evolved from traditional finger-prick devices to advanced wearable and continuous monitoring systems. This article presents a global overview of the glucose sensors market, analyzing current dynamics, key regions, technological shifts, and future outlook.

Market Overview

Glucose sensors are critical components in glucose monitoring devices that measure blood sugar levels. These sensors are utilized in:

Continuous Glucose Monitoring (CGM) Systems

Flash Glucose Monitoring (FGM) Devices

Traditional Blood Glucose Meters

Non-invasive and Minimally Invasive Devices

As the prevalence of diabetes continues to rise—particularly Type 2 diabetes—there’s a growing need for accurate, real-time, and user-friendly monitoring solutions.

Current Market Size and Growth Trajectory

As of 2024, the global Glucose Sensors Market is valued at over USD 12 billion and is expected to reach USD 25 billion by 2030, growing at a compound annual growth rate (CAGR) of 10–12%. This rapid expansion is being driven by:

Increasing diabetic population

Growing awareness and adoption of preventive healthcare

Technological advancements in sensor design

Expanding insurance coverage and reimbursement support in developed countries

Key Regional Insights

1. North America

Largest market share, dominated by the U.S.

Strong presence of top players like Dexcom, Abbott, and Medtronic

High adoption of CGM devices among Type 1 diabetics

Robust insurance infrastructure and supportive FDA pathways

2. Europe

Strong growth in countries like Germany, UK, and France

Growing elderly population and national diabetes screening programs

Emphasis on digital health integration in public healthcare systems

3. Asia-Pacific

Fastest-growing region due to increasing diabetic prevalence in China, India, and Japan

Rise in middle-class income, digital literacy, and wearable adoption

Government health campaigns encouraging early screening and remote care

4. Latin America, Middle East & Africa

Emerging opportunities driven by urbanization and changing lifestyles

Limited penetration of advanced glucose monitoring technologies

Potential for growth through public-private partnerships and mobile health solutions

Market Segmentation

The Glucose Sensors Market can be segmented based on:

Technology: Enzymatic sensors, optical sensors, electrochemical sensors

Type: Continuous sensors, strip-based sensors, non-invasive sensors

End-User: Hospitals, clinics, home care settings, fitness & wellness centers

Distribution Channel: Retail pharmacies, online platforms, direct medical device sales

Key Industry Drivers

Rising Diabetes Prevalence

The global diabetic population is expected to surpass 643 million by 2030.

Increasing obesity and sedentary lifestyles are accelerating Type 2 diabetes cases.

Preference for Continuous and Real-Time Monitoring

CGMs offer better glucose trend data, helping reduce hypoglycemic episodes.

Real-time data enables personalized treatment adjustments.

Technological Advancements

Use of AI, machine learning, and cloud-based platforms

Sensors with longer lifespan, smaller sizes, and enhanced accuracy

Non-invasive solutions under development (e.g., via sweat or interstitial fluids)

Shift Toward Preventive Healthcare

Early detection and management of pre-diabetes using wearable sensors

Integration of glucose tracking into smartwatches and fitness devices

Challenges and Restraints

Despite rapid growth, the glucose sensors market faces several challenges:

High cost of advanced devices like CGMs in low-income regions

Accuracy and calibration issues, especially in non-invasive sensors

Lack of awareness among newly diagnosed patients

Limited insurance coverage in some emerging markets

Competitive Landscape

The Glucose Sensors Market is highly competitive and led by both established players and startups:

Abbott Laboratories – Leader with FreeStyle Libre systems

Dexcom, Inc. – Pioneer in real-time CGM technology

Medtronic plc – Innovator in sensor-integrated insulin pumps

Senseonics – Known for implantable CGM solutions (Eversense)

New Entrants – Apple, Samsung, and various healthtech startups are investing in non-invasive glucose sensing technologies integrated into wearables

Strategic collaborations, FDA approvals, and R&D investments are key areas of focus for companies aiming to gain a competitive edge.

Future Outlook

The next five years will be defined by:

Integration with AI and predictive analytics for proactive diabetes management

Expansion of non-invasive glucose sensors targeting fitness and wellness markets

Growing emphasis on personalized care, with data-driven therapy planning

Remote monitoring capabilities tied to telemedicine platforms

Regulatory innovation, expediting approval and reimbursement pathways

Conclusion

The Glucose Sensors Market is undergoing a transformative shift—from basic glucose tracking to comprehensive, connected, and user-friendly healthcare solutions. With continued innovation, market expansion in emerging economies, and increasing consumer awareness, the industry is poised for sustained growth and technological disruption. Stakeholders that prioritize accessibility, affordability, and data integration will lead the next wave of advancements in this critical segment of diabetes care.

[meditechinsight01]

Digital Biomarkers Market gaining traction at 20% CAGR with virtual health delivery by 2030

The global digital biomarkers market is set to witness a growth rate of 20% in the next 5 years. Rising prevalence of chronic diseases, growing adoption of wearables and smart devices, shift toward personalized and preventive healthcare, advancements in AI and machine learning, and pharmaceutical industry’s demand for efficient clinical trials, are some of the key factors driving the digital biomarkers market. 

Digital biomarkers are objective, quantifiable physiological and behavioral data collected and measured through digital devices such as smartphones, wearables, and sensors. These biomarkers are used to monitor, predict, or diagnose health conditions in real time, providing continuous insights into a patient’s status outside traditional clinical settings. They are particularly useful in chronic disease management, mental health, and neurodegenerative disorders among others. Unlike traditional biomarkers that often require lab-based tests, digital biomarkers enable passive, non-invasive data collection. Advances in artificial intelligence and data analytics further enhance their utility, making them valuable tools for personalized medicine, remote monitoring, and efficient clinical trial design.

Download a free sample report now 👉 https://meditechinsights.com/digital-biomarkers-market/request-sample/

Growing adoption of wearables and smart devices to propel market demand

The growing adoption of wearables and smart devices is a major driver of the digital biomarkers market. Devices like smartwatches, fitness trackers, and mobile health apps enable continuous, real-time monitoring of physiological and behavioral data such as heart rate, sleep patterns, activity levels, and more. This constant data flow allows for early detection of health anomalies and supports proactive, personalized healthcare. As consumers become more health-conscious and comfortable with digital technologies, the widespread use of these devices fuels demand for digital biomarkers. Additionally, their integration with cloud platforms and AI analytics enhances clinical decision-making and supports remote patient monitoring.

Digital biomarkers powering the shift to decentralized clinical trials

The growth of remote and decentralized clinical trials is a key trend driving the digital biomarkers market. These trials leverage digital biomarkers to collect continuous, real-time patient data outside traditional clinical settings, reducing the need for in-person visits. This approach enhances patient recruitment, retention, and compliance while lowering operational costs. Wearables, mobile apps, and sensors enable seamless remote monitoring, making trials more inclusive and geographically flexible. As regulatory bodies increasingly recognize digital endpoints, the adoption of decentralized trial models is accelerating, positioning digital biomarkers as essential tools in transforming clinical research into a more patient-centric process.

Competitive Landscape Analysis

The global digital biomarkers market is marked by the presence of established and emerging market players such as BioSensics, ActiGraph, LLC; AliveCor, Inc.; Koneksa Health; Altoida; Amgen Inc.; Biogen; Empatica Inc.; IXICO plc; Neurotrack Technologies, Inc.; among others. Some of the key strategies adopted by market players include new product development, strategic partnerships and collaborations, and geographic expansion.

Download a sample report for in-depth competitive insights https://meditechinsights.com/digital-biomarkers-market/request-sample/

Global Digital Biomarkers Market Segmentation

This report by Medi-Tech Insights provides the size of the global digital biomarkers market at the regional- and country-level from 2023 to 2030. The report further segments the market based on product, application, therapeutic area, end user.

Market Size & Forecast (2023-2030), By Product, USD Million

Wearable Devices

Mobile Applications

Sensors

Software & Platforms

Market Size & Forecast (2023-2030), By Application, USD Million

Disease Diagnosis

Monitoring & Management

Drug Development & Clinical Trials

Predictive Risk Analysis

Behavioural & Cognitive Assessment

Others

Market Size & Forecast (2023-2030), By Therapeutic Area, USD Million

Neurological Disorders

Cardiovascular Diseases

Diabetes & Metabolic Disorders

Respiratory Diseases

Psychiatric & Behavioural Health

Sleep Disorders

Others

Market Size & Forecast (2023-2030), By End User, USD Million

Pharmaceutical & Biotech Companies

Healthcare Providers

Healthcare Payers

Others

Market Size & Forecast (2023-2030), By Region, USD Million

North America

US

Canada

Europe

UK

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific

China

India

Japan

Rest of Asia Pacific

Latin America

Middle East & Africa

About Medi-Tech Insights Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry-leading CXO, VPs, and key demand/supply side decision-makers.

Contact:

Ruta Halde  Associate, Medi-Tech Insights  +32 498 86 80 79  info@meditechinsights.com 

[latestmarketresearchnews]

Machine Condition Monitoring Market expected to show significant growth over the forecasted period

The global machine condition monitoring market was valued at an estimated USD 3.49 billion in 2024, and it is projected to grow at a compound annual growth rate (CAGR) of 7.6% from 2025 to 2030. The increasing demand for advanced diagnostics and systems that can monitor the health and performance of machines is a key factor driving the market's growth. Manufacturers have increasingly adopted condition monitoring technologies to optimize equipment performance, improve maintenance strategies, and ensure that machinery operates at peak efficiency. Additionally, the global trend towards lean manufacturing has further amplified the need for condition monitoring systems, as these systems help reduce downtime, enhance the management of spare parts, and enable more accurate cost predictions.

Condition monitoring systems are essential for improving productivity, extending equipment life, and reducing operational disruptions. These systems minimize the creation of defective or scrap parts, enhance production efficiency, and utilize real-time data to automate machine operations. In February 2024, eNETDNC, a machine monitoring software company, integrated Microsoft Power BI Desktop into its existing machine monitoring platform. This integration allows users to generate customizable, real-time reports and interactive dashboards that visualize key performance indicators, machine statuses, and production trends, providing valuable insights for process optimization.

Gather more insights about the market drivers, restrains and growth of the Machine Condition Monitoring Market

Machine condition monitoring involves measuring various equipment parameters to prevent machine breakdowns and detect early signs of potential malfunctions. This technology has become increasingly important in industries such as oil and gas, automotive, power generation, metals and mining, marine, and aerospace. As a critical component of predictive maintenance strategies, machine condition monitoring helps organizations extend the lifespan of their assets, reduce costs, enhance operator safety, and streamline their operations. Furthermore, the widespread adoption of the Internet of Things (IoT) has revolutionized communication between devices, enabling the use of smart machines that provide real-time data to facilitate informed decision-making and improve diagnostic accuracy.

Product Type Segmentation Insights:

In 2024, the motor segment accounted for the largest share of the market's revenue. This growth is primarily due to the rising demand for motors across key industries such as oil and gas, automotive, and manufacturing. Maintaining motors in optimal working condition is essential to prevent equipment failures, improve operational efficiency, and minimize downtime, which in turn drives the demand for motor monitoring solutions. As the need for motors in various industries continues to grow, the motor segment is expected to maintain a strong growth trajectory in the coming years.

The bearings segment is also expected to experience significant growth during the forecast period. The increasing demand for machine tools, particularly in industries such as manufacturing, automotive, and aerospace, is a major factor contributing to the expansion of the bearings market. High-precision bearings are especially important for machine tools that require accuracy and reliability in their operations. Furthermore, the growing adoption of automation in manufacturing processes is driving demand for machine tools and, consequently, for bearings. Regulatory requirements concerning noise and vibration emissions from machinery have become more stringent, prompting manufacturers to seek out high-performance bearings that can reduce these emissions and meet regulatory standards.

In summary, the machine condition monitoring market is poised for strong growth, driven by the increasing adoption of advanced diagnostic tools, the expansion of predictive maintenance strategies, and the integration of smart technologies in industrial machinery. The motor and bearings segments are expected to play a key role in this growth, supported by demand across various industries that rely on efficient, high-performing machines to maintain productivity and meet evolving regulatory standards.

Order a free sample PDF of the Machine Condition Monitoring Market Intelligence Study, published by Grand View Research.

[marketresearchreportinsight]

Machine Condition Monitoring Industry Size & Share | Statistics Report 2030

The global machine condition monitoring market was valued at an estimated USD 3.49 billion in 2024, and it is projected to grow at a compound annual growth rate (CAGR) of 7.6% from 2025 to 2030. The increasing demand for advanced diagnostics and systems that can monitor the health and performance of machines is a key factor driving the market’s growth. Manufacturers have increasingly adopted…

[researchreportinsight]

Machine Condition Monitoring Industry Size, Trends, Statistics and Analysis Report, 2030

The global machine condition monitoring market was valued at an estimated USD 3.49 billion in 2024, and it is projected to grow at a compound annual growth rate (CAGR) of 7.6% from 2025 to 2030. The increasing demand for advanced diagnostics and systems that can monitor the health and performance of machines is a key factor driving the market's growth. Manufacturers have increasingly adopted condition monitoring technologies to optimize equipment performance, improve maintenance strategies, and ensure that machinery operates at peak efficiency. Additionally, the global trend towards lean manufacturing has further amplified the need for condition monitoring systems, as these systems help reduce downtime, enhance the management of spare parts, and enable more accurate cost predictions.

Condition monitoring systems are essential for improving productivity, extending equipment life, and reducing operational disruptions. These systems minimize the creation of defective or scrap parts, enhance production efficiency, and utilize real-time data to automate machine operations. In February 2024, eNETDNC, a machine monitoring software company, integrated Microsoft Power BI Desktop into its existing machine monitoring platform. This integration allows users to generate customizable, real-time reports and interactive dashboards that visualize key performance indicators, machine statuses, and production trends, providing valuable insights for process optimization.

Gather more insights about the market drivers, restrains and growth of the Machine Condition Monitoring Market

Machine condition monitoring involves measuring various equipment parameters to prevent machine breakdowns and detect early signs of potential malfunctions. This technology has become increasingly important in industries such as oil and gas, automotive, power generation, metals and mining, marine, and aerospace. As a critical component of predictive maintenance strategies, machine condition monitoring helps organizations extend the lifespan of their assets, reduce costs, enhance operator safety, and streamline their operations. Furthermore, the widespread adoption of the Internet of Things (IoT) has revolutionized communication between devices, enabling the use of smart machines that provide real-time data to facilitate informed decision-making and improve diagnostic accuracy.

Product Type Segmentation Insights:

In 2024, the motor segment accounted for the largest share of the market's revenue. This growth is primarily due to the rising demand for motors across key industries such as oil and gas, automotive, and manufacturing. Maintaining motors in optimal working condition is essential to prevent equipment failures, improve operational efficiency, and minimize downtime, which in turn drives the demand for motor monitoring solutions. As the need for motors in various industries continues to grow, the motor segment is expected to maintain a strong growth trajectory in the coming years.

The bearings segment is also expected to experience significant growth during the forecast period. The increasing demand for machine tools, particularly in industries such as manufacturing, automotive, and aerospace, is a major factor contributing to the expansion of the bearings market. High-precision bearings are especially important for machine tools that require accuracy and reliability in their operations. Furthermore, the growing adoption of automation in manufacturing processes is driving demand for machine tools and, consequently, for bearings. Regulatory requirements concerning noise and vibration emissions from machinery have become more stringent, prompting manufacturers to seek out high-performance bearings that can reduce these emissions and meet regulatory standards.

In summary, the machine condition monitoring market is poised for strong growth, driven by the increasing adoption of advanced diagnostic tools, the expansion of predictive maintenance strategies, and the integration of smart technologies in industrial machinery. The motor and bearings segments are expected to play a key role in this growth, supported by demand across various industries that rely on efficient, high-performing machines to maintain productivity and meet evolving regulatory standards.

Order a free sample PDF of the Machine Condition Monitoring Market Intelligence Study, published by Grand View Research.

[industrynewsupdates]

Machine Condition Monitoring Market Size, Share, Growth and Industry Trends, 2030

The global machine condition monitoring market size was valued at USD 2.91 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. 

Need to provide advanced diagnostics and help determine a machine's health has underpinned market growth. Manufacturers have sought condition monitoring systems to optimize and monitor performance and maintenance of their equipment. Besides, the trend for lean manufacturing has prompted manufacturers to seek condition monitoring to bolster production efficiency, minimize downtime, and enhance spare parts supplies and cost prediction. Stakeholders have exhibited traction for condition monitoring for enhanced productivity, equipment longevity, elimination & reduction of downtime, minimizing scrap parts, and leveraging automation based on real-time machine condition data.

For instance, in November 2022, Doble Engineering Company which offers asset health checks through their diagnostic test, services, and software for electric industry, released a new product, Calisto cable condition monitoring for medium and high voltage cable systems. The new Calisto cable offers secure and dependable cable operation, lowering the risk of failures, reducing total cost of ownership and solutions, and giving near crucial real-time data regarding cable health.

Gather more insights about the market drivers, restrains and growth of the Machine Condition Monitoring Market

Machine Condition Monitoring Market Report Highlights

• The vibration monitoring segment led the market in 2022, accounting for over 26% share of the global revenue. This growth can be attributed to the rising demand for detecting wear, misalignments, and imbalances, along with the widespread use of monitoring devices for early-stage fault detection.

• The turbines & generators segment led the market in 2022, accounting for over 16% of global revenue. This growth is attributed to the rising demand for wind and solar power, necessitating regular monitoring of turbines and generators to ensure continuous operations.

• The online condition monitoring segment is likely to account for a sizable share of the global market due to the trend for remote monitoring and an increased need to reduce downtime.

• The hardware segment will grow as the development of strong sensors and other devices that enable remote machine health analysis is a major focus of hardware manufacturers.

• Due to rising oil exploration activities, North America will contribute significantly to the global market.

• Some regions in North America have the most competitive and constantly changing and rising technology improvements in the machine condition monitoring market. The expanding number of machine condition monitoring businesses globally is projected to support market expansion.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global neural processor market size was estimated at USD 237.6 million in 2023 and is projected to grow at a CAGR of 19.3% from 2024 to 2030.

• The global service virtualization market size was valued at USD 786.0 Million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2030. 

Machine Condition Monitoring Market Segmentation

Grand View Research has segmented the global machine condition monitoring market based on monitoring technique, component, product type, application, architecture type, plant type, monitoring process, end-use industry, and region:

Machine Condition Monitoring Technique Outlook (Revenue, USD Billion, 2017 - 2030)

• Torque Monitoring

• Vibration Monitoring

• Oil Analysis

• Thermography

• Corrosion Monitoring

• Others

Machine Condition Monitoring Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Hardware

• Portable/Handheld Condition Monitoring Units

• Software

• Services

Machine Condition Monitoring Product Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Valves

• Compressors

• Turbines

• Gearbox

• Motors

• Bearings

• Couplings

• Others

Machine Condition Monitoring Application Outlook (Revenue, USD Billion, 2017 - 2030)

• HVAC Systems

• Turbines & Generators

• Material Handling

• Conveyors

• Pump Systems

• Sprockets

• Bushings & Hubs

• Control Cabinet Monitoring

• Paper Presses

• Storage Rooms

• Motor Control

• Lubricant Level Monitoring on CNC Machines

• Others

Machine Condition Monitoring Architecture Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Public Cloud

• Edge Platform

• Hybrid Cloud

• On-premises

Machine Condition Monitoring Plant Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Greenfield Plant

• Brownfield Plant

Machine Condition Monitoring Process Outlook (Revenue, USD Billion, 2017 - 2030)

• Online Condition Monitoring

• Portable Condition Monitoring

Machine Condition Monitoring End-use Industry Outlook (Revenue, USD Billion, 2017 - 2030)

• Mining

• Primary Metals

• Power Generation

• Automotive

• Oil & Gas

• Aerospace

• Food & Beverages

• Chemicals

• Marine

• Pharmaceutical

• Pulp & Paper

• Others

Machine Condition Monitoring Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o U.K.

o Germany

o France

• Asia Pacific

o China

o Japan

o India

• Central & South America

o Brazil

• MEA

Order a free sample PDF of the Machine Condition Monitoring Market Intelligence Study, published by Grand View Research.

[christianbale121]

Why Should You Hire a Custom AI Development Company in 2025?

In today’s tech-driven economy, artificial intelligence is no longer a futuristic concept — it’s a business imperative. Companies across sectors are integrating AI to optimize operations, personalize customer experiences, and stay ahead of the curve. But when it comes to implementing AI effectively, many organizations face a critical question: Should we build AI solutions in-house, use off-the-shelf tools, or hire a custom AI development company?

In 2025, the clear answer for most forward-thinking businesses is to hire a custom AI development company. Here's why.

1. Tailored Solutions for Unique Business Needs

Off-the-shelf AI solutions often follow a one-size-fits-all model. They may not accommodate the specific workflows, goals, or data types of your organization. A custom AI development company creates solutions tailored to your exact needs — whether it's automating industry-specific tasks, building advanced recommendation engines, or developing predictive models using proprietary data.

Custom-built AI aligns closely with your business goals, delivering higher ROI and better integration into your existing systems.

2. Access to Specialized Expertise

AI is a rapidly evolving field with complex technologies such as machine learning (ML), natural language processing (NLP), computer vision, and deep learning. Hiring and maintaining an in-house AI team with this diverse skill set is time-consuming and costly.

A custom AI development company brings a team of seasoned professionals with proven experience across different AI domains. They stay updated on the latest tools, frameworks, and best practices, ensuring your project is built using cutting-edge technology.

3. Faster Time-to-Market

Time is a critical asset in competitive markets. Custom AI development companies have established processes, agile workflows, and reusable frameworks that speed up development. From discovery to deployment, they can deliver scalable solutions much faster than most in-house teams that are starting from scratch.

This means quicker adoption, faster feedback loops, and earlier access to AI-powered benefits like automation, insights, and customer engagement.

4. Scalability and Long-Term Support

AI solutions are not "set-it-and-forget-it" systems. They require ongoing monitoring, optimization, and scaling as your business grows or market conditions change. Custom AI development firms offer post-deployment support and maintenance services, helping ensure the models continue to deliver accurate results and meet performance benchmarks.

Additionally, custom solutions can be designed with scalability in mind, allowing your systems to grow alongside your business without the need for complete redevelopment.

5. Better Data Utilization

One of the most significant advantages of custom AI is its ability to work with your proprietary datasets. Whether structured, unstructured, real-time, or historical, custom AI models can be trained specifically on your data to derive more accurate insights and predictions.

This enables smarter automation, enhanced forecasting, and more personalized customer experiences — all built around your unique business context.

6. Enhanced Security and Compliance

In 2025, data privacy and compliance are more important than ever. Many industries are subject to strict regulations (like GDPR, HIPAA, or CCPA). Off-the-shelf solutions may not offer the flexibility to meet your specific compliance requirements.

A custom AI development company can implement advanced security protocols and tailor the solution to comply with industry regulations, ensuring your AI systems remain ethical, secure, and legally compliant.

7. Cost-Effectiveness in the Long Run

While the upfront investment in custom AI may be higher than using a pre-built tool, the long-term value is significantly greater. Custom solutions are built for efficiency, accuracy, and longevity. They eliminate the recurring licensing costs, unnecessary features, and scalability limitations of third-party platforms.

Plus, the improved decision-making, process automation, and customer satisfaction generated by bespoke AI often lead to substantial cost savings and revenue growth.

8. Competitive Edge in a Crowded Market

In a saturated market, differentiation is key. Custom AI allows businesses to build proprietary solutions that give them a competitive advantage — whether it’s a smarter product recommendation engine, a unique fraud detection system, or a real-time customer support bot.

By harnessing AI in a way that’s uniquely suited to your company’s operations, you create a technological edge that competitors can’t easily replicate.

Final Thoughts

The AI landscape in 2025 is more mature, dynamic, and opportunity-rich than ever before. Businesses that want to thrive must go beyond generic solutions and invest in intelligent systems designed specifically for them.

Hiring a custom AI development company empowers you to harness the full potential of artificial intelligence — tailored to your data, your goals, and your industry. It’s not just about keeping up with trends — it’s about leading the transformation and unlocking new possibilities.

If you're ready to build smarter, scale faster, and drive better outcomes, partnering with a custom AI development company could be your smartest investment in 2025.