Press release
Machine Condition Monitoring Market to Reach $2.41 Billion by 2031, Supported by Predictive Maintenance and Wireless Technologies
Machine Condition Monitoring Market Size & Trends | Mordor Intelligence
Machine Condition Monitoring Market Overview
The machine condition monitoring market is gaining steady traction as industrial operators place greater emphasis on equipment reliability, reduced downtime, and optimized maintenance planning. As manufacturing and process industries continue to modernize operations, condition-based monitoring is becoming an essential part of asset management strategies.
According to Mordor Intelligence, the machine condition monitoring market size was valued at USD 1.4 billion in 2025. The market is projected to grow from USD 1.53 billion in 2026 to USD 2.41 billion by 2031, reflecting consistent expansion over the forecast period. This growth highlights the increasing role of monitoring technologies in supporting efficient and resilient industrial operations.
Report Overview: https://www.mordorintelligence.com/industry-reports/machine-condition-monitoring-market?utm_source=openpr
Machine Condition Monitoring Market Trends & Growth
Growing Adoption of Predictive Maintenance
Industries are increasingly shifting from reactive and preventive maintenance to predictive maintenance models. By using real-time sensor data and condition-based insights, organizations can identify potential equipment failures early, reduce unplanned downtime, and optimize maintenance schedules. This growing adoption is a major driver for long-term market expansion.
Rising Demand for Wireless Monitoring Technologies
Wireless and remote monitoring solutions are gaining popularity due to their flexibility and ease of deployment. These systems allow monitoring of assets in remote, hazardous, or hard-to-access locations without extensive cabling. Rising demand for scalable and cost-effective solutions is accelerating wireless adoption across industries.
Boosting Role of Advanced Analytics and Software Platforms
Condition monitoring systems are evolving beyond data collection into intelligent decision-support tools. Advanced analytics, dashboards, and alert systems transform raw sensor data into actionable maintenance insights. This boosting role of software is increasing the value of digital platforms within monitoring ecosystems.
Accelerating Industrial Digitalization and Automation
The rapid pace of industrial digitalization is accelerating the integration of condition monitoring with control systems and automation platforms. Companies are adopting connected technologies to gain real-time visibility into equipment performance, improve operational efficiency, and support data-driven decision-making.
Expanding Use Across Energy and Process Industries
The use of condition monitoring solutions is expanding across energy, oil and gas, power generation, and heavy manufacturing sectors. These industries rely on continuous operations, making early fault detection critical. Expansion across such high-value applications continues to support steady market growth.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/machine-condition-monitoring-market?utm_source=openpr
Machine Condition Monitoring Market Segmentation Insights
By Offering
Hardware
Software
Services
By Type
Vibration Condition Monitoring Equipment
Thermography Equipment
Oil Analysis Equipment
Ultrasound Monitoring Equipment
Motor Current Signature Analysis
By Monitoring Approach
Online Monitoring
Portable Monitoring
By End-User Industry
Oil and Gas
Power Generation
Manufacturing
Metals and Mining
Chemicals and Petrochemicals
Food and Beverage
Aerospace and Defense
Others
By Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
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Key Players in the Machine Condition Monitoring Industry
The machine condition monitoring market share is moderately consolidated, with several global technology providers competing alongside specialized solution vendors. Leading players are focusing on expanding digital capabilities, enhancing analytics, and integrating monitoring solutions with broader industrial software ecosystems.
Key players operating in the machine condition monitoring industry include:
SKF AB
Emerson Electric Co. (Bently Nevada)
Rockwell Automation Inc.
ABB Ltd.
Siemens AG
Explore more insights on machine condition monitoring competitive landscape: https://www.mordorintelligence.com/industry-reports/machine-condition-monitoring-market/companies?utm_source=openpr
Conclusion
The machine condition monitoring market forecast indicates steady demand through 2031, supported by ongoing investments in industrial automation, predictive maintenance, and digital asset management. As industries increasingly prioritize operational reliability and cost optimization, condition monitoring solutions are expected to play a critical role in long-term maintenance strategies.
Overall, the machine condition monitoring market is positioned as a key enabler of modern industrial operations. With continued advancements in wireless technologies, analytics, and software integration, the market is set to support safer, more efficient, and data-driven decision-making across a wide range of industrial sectors.
For more insights on the machine condition monitoring market, please visit the Mordor Intelligence Page: https://www.mordorintelligence.com/industry-reports/machine-condition-monitoring-market?utm_source=openpr
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Get more insights: https://www.mordorintelligence.com/industry-reports/production-monitoring-market?utm_source=openpr
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About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
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