Press release
Machine Condition Monitoring Market Worth $5.2 Billion by 2029 - Exclusive Report by Meticulous Research®
According to a new market research report titled, 'Machine Condition Monitoring Market by Component (Hardware, Software), Process (Online, Portable), Monitoring Technique (Vibration, Thermography, Corrosion), End-use Industry (Energy, Oil & Gas, Telecom), and Geography - Global Forecast to 2029,' the global machine condition monitoring market is slated to register at a CAGR of 7.3% during the forecast period to reach $5.2 billion by 2029.Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5328
Machine condition monitoring is the ability to assess the health of a machine over time. This process requires measuring specific equipment parameters through machine sensors and other devices. This system helps predict the failure by monitoring the machine conditions such as temperature, vibration, and pressure. Various software are used for this process to send an alert in case of a change in parameters in machine operation. This helps assess and decide corrective actions for machines. Several market players across different industries are adopting machine condition monitoring to reduce the downtime and associated cost, thereby increasing the demand for this market.
Impact of COVID-19 on the Machine Condition Monitoring Market
The spread of COVID-19 in the first quarter of 2020 severely impacted the performance of several industries and economies globally. Governments across the globe were forced to shut down industrial plants. Governments enforced physical distancing norms and movement restrictions on the masses, affecting the operations of various industries. As a result, the industries reduced their dependency on manual labor and increased the adoption of smart industrial technologies to enhance their production processes.
The adoption of advanced technologies created the need for remote supervision and operational control of manufacturing and processing plants. With increasing remote supervision, new machine condition monitoring systems were deployed in various industries. Machine condition monitoring systems help monitor and control the operations from remote locations with the help of real-time data from various devices such as sensors, thus reducing the need for human intervention in the supervision of industrial machines. The global machine condition monitoring market is gaining traction for adopting highly automated systems that require negligible human supervision.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5328
The global machine condition monitoring market is segmented based on component (hardware, software, services), deployment type (on-premise, cloud-based), monitoring process (online condition monitoring, portable condition monitoring), monitoring technique (vibration monitoring, corrosion monitoring, thermography, oil analysis, ultrasound monitoring, others), end-use industry (manufacturing, healthcare, energy & utility, aerospace, telecom, agriculture, oil & gas, transportation & logistics, other end-use industries). The study also evaluates industry competitors and analyzes the market at the country level.
Based on component, in 2022, the hardware segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the surge in demand for hardware components such as vibration sensors, infrared sensors, spectrum analyzers, corrosion probes, and other machine condition monitoring systems in smart factories to detect machine condition. Additionally, this segment is also slated to register the highest CAGR during the forecast period.
Based on deployment type, in 2022, the cloud-based segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to increasing cloud service adoption due to their low cost, flexibility & scalability, and greater security, thus boosting the growth of this segment. Furthermore, this segment is also slated to register the highest CAGR during the forecast period.
Based on monitoring process, in 2022, the online condition monitoring segment is expected to account for the largest share of the global machine condition monitoring market. Online condition monitoring provides round-the-clock, real-time data to operators, making online condition monitoring favorable in industries such as oil & gas and power generation. Additionally, this segment is also slated to register the highest CAGR during the forecast period.
Based on monitoring technique, in 2022, the vibration monitoring segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the growing demand for vibration sensors and vibration analyzers for machine maintenance and installations for detecting damaged bearings and identifying faults in machines.
Quick Buy - Machine Condition Monitoring Market Research Report: https://www.meticulousresearch.com/Checkout/92979807
Based on end-use industry, in 2022, the manufacturing segment is expected to account for the largest share of the global machine condition monitoring market. The large market share of this segment is attributed to the increasing number of government initiatives to promote industrial automation and Industry 4.0, and the growing demand for predictive maintenance in smart factories. Additionally, this segment is also slated to register the highest CAGR during the forecast period.
Based on geography, in 2022, North America is expected to account for the largest share of the global machine condition monitoring market. The large market share of this region is attributed to the increasing deployment of machine condition monitoring systems across various industries, the advent of big data analytics, and the increasing adoption of secure cloud computing platforms. However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the growth of the manufacturing sector and the adoption of Industry 4.0 in countries such as China, Japan, and South Korea.
Some of the key players operating in the global machine condition monitoring market are General Electric Company (U.S.), SKF (Sweden), Wilcoxon Sensing Technologies (U.S.), Emerson Electric Co. (U.S.), ALS Limited (Australia), Honeywell International Inc. (U.S.), Parker Hannifin Corporation (U.S.), Rockwell Automation, Inc. (U.S.), ifm electronic gmbh (Germany), Schaeffler AG (Germany), Baker Hughes Company (U.S.), Analog Devices, Inc. (U.S.), Fluke Corporation (U.S.), Meggitt PLC (U.K.), and National Instruments Corporation (U.S.).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/machine-condition-monitoring-market-5328
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Machine Condition Monitoring Market Worth $5.2 Billion by 2029 - Exclusive Report by Meticulous Research® here
News-ID: 3241228 • Views: …
More Releases from Meticulous Research®

Global Hydrogen Mass Flow Meter Market to Surge from USD 180 Million in 2025 to …
Meticulous Research®-a leading global market research company, published a research report titled Hydrogen Mass Flow Meter Market (水素質量流量計市場) Size, Share, Forecast, & Trends Analysis by Technology (Coriolis, Thermal, Differential Pressure, Ultrasonic) Flow Rate (Low, Medium, High) Pressure Rating (Low, Medium, High, Ultra-High) End-Use (Energy, Transportation, Industrial, Oil & Gas) - Global Forecast to 2035
According to this latest publication from Meticulous Research®, the The global Hydrogen Mass Flow Meter Market is…

Global AI Hardware Market Set to Surge from USD 60.6 Billion in 2025 to USD 231. …
Meticulous Research®-a leading global market research company, published a research report titled AI Hardware Market Size, Share, Forecast & Trends by Component (GPU, CPU, Memory, Storage) Technology (Edge AI, Cloud AI) Industry (Consumer Electronics, Automotive, Healthcare) - Global Forecast to 2035
According to this latest publication from Meticulous Research®, the The global AI hardware market (AIハードウェア市場) was valued at USD 47.5 billion in 2024. The market is expected to reach…

Latin America SD-WAN Market Poised to Skyrocket from USD 157.1 Million in 2024 t …
Meticulous Research®-a leading global market research company, published a research report Latin America Software-Defined Wide Area Network (SD-WAN) Market (Marché latino-américain des réseaux étendus définis par logiciel (SD-WAN)) by Component, Organization Size, Deployment Mode, End User, and Country-Regional Forecast to 2035
According to this latest publication from Meticulous Research®, the The Latin America Software-Defined Wide Area Network (SD-WAN) market was valued at USD 157.1 million in 2024. The market is expected…

Global Fog Computing Market Projected to Expand at a Breakthrough CAGR Exceeding …
Meticulous Research®-a leading global market research company, published a research report titled Fog Computing Market Size, Share, Forecast & Trends by Component (Software, Hardware) Deployment Model, Application (Smart Manufacturing, Building & Home Automation) - Global Forecast to 2035
According to this latest publication from Meticulous Research®, the The global fog computing market (Marché du Fog Computing) was valued at USD 448 million in 2024. This market is expected to grow at…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…