The global machine condition monitoring market size is estimated at USD 3.93 billion in 2025 and is predicted to reach around USD 6.98 billion by 2034, accelerating at a CAGR of 6.55% from 2025 to 2034. The Asia Pacific machine condition monitoring market size surpassed USD 1.57 billion in 2025 and is expanding at a CAGR of 6.70% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Application Procurement Analysis
4.3.2. Sales and Distribution Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Machine Condition Monitoring Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Machine Condition Monitoring Market, by Monitoring Technique
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast
8.1.2. Software
8.1.2.1. Market Revenue and Forecast
9.1. Machine Condition Monitoring Market, by Offering
9.1.1. Portable Condition Monitoring
9.1.1.1. Market Revenue and Forecast
9.1.2. Online Condition Monitoring
9.1.2.1. Market Revenue and Forecast
10.1. Machine Condition Monitoring Market, by Monitoring Process
10.1.1. Cloud
10.1.1.1. Market Revenue and Forecast
10.1.2. Premises
10.1.2.1. Market Revenue and Forecast
11.1. Machine Condition Monitoring Market, by Deployment
11.1.1. Marine
11.1.1.1. Market Revenue and Forecast
11.1.2. Health
11.1.2.1. Market Revenue and Forecast
11.1.3. Oil and Gas
11.1.3.1. Market Revenue and Forecast
11.1.4. Power generation
11.1.4.1. Market Revenue and Forecast
11.1.5. Metals and mining
11.1.5.1. Market Revenue and Forecast
11.1.6. Automotive
11.1.6.1. Market Revenue and Forecast
11.1.7. Chemicals
11.1.7.1. Market Revenue and Forecast
11.1.8. Others
11.1.8.1. Market Revenue and Forecast
12.1. Machine Condition Monitoring Market, by Industries
12.1.1. Cheese
12.1.1.1. Market Revenue and Forecast
12.1.2. Dessert
12.1.2.1. Market Revenue and Forecast
12.1.3. Snacks
12.1.3.1. Market Revenue and Forecast
12.1.4. Discrete
12.1.4.1. Market Revenue and Forecast
12.1.5. Others
12.1.5.1. Market Revenue and Forecast
13.1. Machine Condition Monitoring Market, by Application
13.1.1. Pharmaceuticals
13.1.1.1. Market Revenue and Forecast
13.1.2. Food & beverages
13.1.2.1. Market Revenue and Forecast
13.1.3. Automobiles
13.1.3.1. Market Revenue and Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Monitoring Technique
14.1.2. Market Revenue and Forecast, by Offering
14.1.3. Market Revenue and Forecast, by Monitoring Process
14.1.4. Market Revenue and Forecast, by Deployment
14.1.5. Market Revenue and Forecast, by Industries
14.1.6. Market Revenue and Forecast, by Application
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Monitoring Technique
14.1.7.2. Market Revenue and Forecast, by Offering
14.1.7.3. Market Revenue and Forecast, by Monitoring Process
14.1.7.4. Market Revenue and Forecast, by Deployment
14.1.8. Market Revenue and Forecast, by Industries
14.1.8.1. Market Revenue and Forecast, by Application
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Monitoring Technique
14.1.9.2. Market Revenue and Forecast, by Offering
14.1.9.3. Market Revenue and Forecast, by Monitoring Process
14.1.9.4. Market Revenue and Forecast, by Deployment
14.1.10. Market Revenue and Forecast, by Industries
14.1.11. Market Revenue and Forecast, by Application
14.1.11.1.
14.2. Europe
14.2.1. Market Revenue and Forecast, by Monitoring Technique
14.2.2. Market Revenue and Forecast, by Offering
14.2.3. Market Revenue and Forecast, by Monitoring Process
14.2.4. Market Revenue and Forecast, by Deployment
14.2.5. Market Revenue and Forecast, by Industries
14.2.6. Market Revenue and Forecast, by Application
14.2.7.
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Monitoring Technique
14.2.8.2. Market Revenue and Forecast, by Offering
14.2.8.3. Market Revenue and Forecast, by Monitoring Process
14.2.9. Market Revenue and Forecast, by Deployment
14.2.10. Market Revenue and Forecast, by Industries
14.2.10.1. Market Revenue and Forecast, by Application
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Monitoring Technique
14.2.11.2. Market Revenue and Forecast, by Offering
14.2.11.3. Market Revenue and Forecast, by Monitoring Process
14.2.12. Market Revenue and Forecast, by Deployment
14.2.13. Market Revenue and Forecast, by Industries
14.2.14. Market Revenue and Forecast, by Application
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Monitoring Technique
14.2.15.2. Market Revenue and Forecast, by Offering
14.2.15.3. Market Revenue and Forecast, by Monitoring Process
14.2.15.4. Market Revenue and Forecast, by Deployment
14.2.16. Market Revenue and Forecast, by Industries
14.2.16.1. Market Revenue and Forecast, by Application
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Monitoring Technique
14.2.17.2. Market Revenue and Forecast, by Offering
14.2.17.3. Market Revenue and Forecast, by Monitoring Process
14.2.17.4. Market Revenue and Forecast, by Deployment
14.2.18. Market Revenue and Forecast, by Industries
14.2.18.1. Market Revenue and Forecast, by Application
14.3. APAC
14.3.1. Market Revenue and Forecast, by Monitoring Technique
14.3.2. Market Revenue and Forecast, by Offering
14.3.3. Market Revenue and Forecast, by Monitoring Process
14.3.4. Market Revenue and Forecast, by Deployment
14.3.5. Market Revenue and Forecast, by Industries
14.3.6. Market Revenue and Forecast, by Application
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Monitoring Technique
14.3.7.2. Market Revenue and Forecast, by Offering
14.3.7.3. Market Revenue and Forecast, by Monitoring Process
14.3.7.4. Market Revenue and Forecast, by Deployment
14.3.8. Market Revenue and Forecast, by Industries
14.3.9. Market Revenue and Forecast, by Application
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Monitoring Technique
14.3.10.2. Market Revenue and Forecast, by Offering
14.3.10.3. Market Revenue and Forecast, by Monitoring Process
14.3.10.4. Market Revenue and Forecast, by Deployment
14.3.11. Market Revenue and Forecast, by Industries
14.3.11.1. Market Revenue and Forecast, by Application
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Monitoring Technique
14.3.12.2. Market Revenue and Forecast, by Offering
14.3.12.3. Market Revenue and Forecast, by Monitoring Process
14.3.12.4. Market Revenue and Forecast, by Deployment
14.3.12.5. Market Revenue and Forecast, by Industries
14.3.12.6. Market Revenue and Forecast, by Application
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Monitoring Technique
14.3.13.2. Market Revenue and Forecast, by Offering
14.3.13.3. Market Revenue and Forecast, by Monitoring Process
14.3.13.4. Market Revenue and Forecast, by Deployment
14.3.13.5. Market Revenue and Forecast, by Industries
14.3.13.6. Market Revenue and Forecast, by Application
14.4. MEA
14.4.1. Market Revenue and Forecast, by Monitoring Technique
14.4.2. Market Revenue and Forecast, by Offering
14.4.3. Market Revenue and Forecast, by Monitoring Process
14.4.4. Market Revenue and Forecast, by Deployment
14.4.5. Market Revenue and Forecast, by Industries
14.4.6. Market Revenue and Forecast, by Application
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Monitoring Technique
14.4.7.2. Market Revenue and Forecast, by Offering
14.4.7.3. Market Revenue and Forecast, by Monitoring Process
14.4.7.4. Market Revenue and Forecast, by Deployment
14.4.8. Market Revenue and Forecast, by Industries
14.4.9. Market Revenue and Forecast, by Application
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Monitoring Technique
14.4.10.2. Market Revenue and Forecast, by Offering
14.4.10.3. Market Revenue and Forecast, by Monitoring Process
14.4.10.4. Market Revenue and Forecast, by Deployment
14.4.11. Market Revenue and Forecast, by Industries
14.4.12. Market Revenue and Forecast, by Application
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Monitoring Technique
14.4.13.2. Market Revenue and Forecast, by Offering
14.4.13.3. Market Revenue and Forecast, by Monitoring Process
14.4.13.4. Market Revenue and Forecast, by Deployment
14.4.13.5. Market Revenue and Forecast, by Industries
14.4.13.6. Market Revenue and Forecast, by Application
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Monitoring Technique
14.4.14.2. Market Revenue and Forecast, by Offering
14.4.14.3. Market Revenue and Forecast, by Monitoring Process
14.4.14.4. Market Revenue and Forecast, by Deployment
14.4.14.5. Market Revenue and Forecast, by Industries
14.4.14.6. Market Revenue and Forecast, by Application
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Monitoring Technique
14.5.2. Market Revenue and Forecast, by Offering
14.5.3. Market Revenue and Forecast, by Monitoring Process
14.5.4. Market Revenue and Forecast, by Deployment
14.5.5. Market Revenue and Forecast, by Industries
14.5.6. Market Revenue and Forecast, by Application
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Monitoring Technique
14.5.7.2. Market Revenue and Forecast, by Offering
14.5.7.3. Market Revenue and Forecast, by Monitoring Process
14.5.7.4. Market Revenue and Forecast, by Deployment
14.5.8. Market Revenue and Forecast, by Industries
14.5.8.1. Market Revenue and Forecast, by Application
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Monitoring Technique
14.5.9.2. Market Revenue and Forecast, by Offering
14.5.9.3. Market Revenue and Forecast, by Monitoring Process
14.5.9.4. Market Revenue and Forecast, by Deployment
14.5.9.5. Market Revenue and Forecast, by Industries
14.5.9.6. Market Revenue and Forecast, by Application
15.1. SKF (Sweden)
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Emerson Electric (US)
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. General Electric (US)
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Honeywell International (US)
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. National Instruments (US)
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Parker Hannifin Corporation
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Rockwell Automation, Inc.
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Schaeffler AG
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Fortive Corporation (Fluke Corporation)
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. ALS Limited
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
17.1. About Us
17.2. Glossary of Terms
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