The global equipment monitoring market size is calculated at USD 3.71 billion in 2025 and is forecasted to reach around USD 6.08 billion by 2034, accelerating at a CAGR of 5.65% from 2025 to 2034. The North America equipment monitoring market size surpassed USD 1.51 billion in 2024 and is expanding at a CAGR of 5.62% 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. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Equipment 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. Equipment Monitoring Market Revenue and Volume Forecast, By Monitoring Type
8.1.1. Vibration Monitoring
8.1.1.1. Market Revenue and Volume Forecast
8.1.2. Thermal Monitoring
8.1.2.1. Market Revenue and Volume Forecast
8.1.3. Lubrication Monitoring
8.1.3.1. Market Revenue and Volume Forecast
8.1.4. Corrosion Monitoring
8.1.4.1. Market Revenue and Volume Forecast
8.1.5. Noise Monitoring
8.1.5.1. Market Revenue and Volume Forecast
8.1.6. Motor Current Monitoring
8.1.6.1. Market Revenue and Volume Forecast
8.1.7. Gps Tracking
8.1.7.1. Market Revenue and Volume Forecast
8.1.8. Alarm Monitoring
8.1.8.1. Market Revenue and Volume Forecast
9.1. Equipment Monitoring Market Revenue and Volume Forecast, By Monitoring Process
9.1.1. Portable Equipment Monitoring
9.1.1.1. Market Revenue and Volume Forecast
9.1.2. Online Equipment Monitoring
9.1.2.1. Market Revenue and Volume Forecast
10.1. Equipment Monitoring Market Revenue and Volume Forecast, by March
10.1.1. Cloud
10.1.1.1. Market Revenue and Volume Forecast
10.1.2. On-premises
10.1.2.1. Market Revenue and Volume Forecast
11.1. Equipment Monitoring Market Revenue and Volume Forecast, by April
11.1.1. Chemicals
11.1.1.1. Market Revenue and Volume Forecast
11.1.2. Automotive
11.1.2.1. Market Revenue and Volume Forecast
11.1.3. Aerospace & Defense
11.1.3.1. Market Revenue and Volume Forecast
11.1.4. Food & Beverages
11.1.4.1. Market Revenue and Volume Forecast
11.1.5. Oil & Gas
11.1.5.1. Market Revenue and Volume Forecast
11.1.6. Power Generation
11.1.6.1. Market Revenue and Volume Forecast
11.1.7. Metals & Mining
11.1.7.1. Market Revenue and Volume Forecast
11.1.8. Others (Electronic &Semiconductor, Cement, Paper & Pulp, and Healthcare)
11.1.8.1. Market Revenue and Volume Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, By Monitoring Type
12.1.2. Market Revenue and Volume Forecast, By Monitoring Process
12.1.3. Market Revenue and Volume Forecast, By Deployment Type
12.1.4. Market Revenue and Volume Forecast, By Service Offering
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, By Monitoring Type
12.1.5.2. Market Revenue and Volume Forecast, By Monitoring Process
12.1.5.3. Market Revenue and Volume Forecast, By Deployment Type
12.1.5.4. Market Revenue and Volume Forecast, By Service Offering
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, By Monitoring Type
12.1.6.2. Market Revenue and Volume Forecast, By Monitoring Process
12.1.6.3. Market Revenue and Volume Forecast, By Deployment Type
12.1.6.4. Market Revenue and Volume Forecast, By Service Offering
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, By Monitoring Type
12.2.2. Market Revenue and Volume Forecast, By Monitoring Process
12.2.3. Market Revenue and Volume Forecast, By Deployment Type
12.2.4. Market Revenue and Volume Forecast, By Service Offering
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, By Monitoring Type
12.2.5.2. Market Revenue and Volume Forecast, By Monitoring Process
12.2.5.3. Market Revenue and Volume Forecast, By Deployment Type
12.2.5.4. Market Revenue and Volume Forecast, By Service Offering
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, By Monitoring Type
12.2.6.2. Market Revenue and Volume Forecast, By Monitoring Process
12.2.6.3. Market Revenue and Volume Forecast, By Deployment Type
12.2.6.4. Market Revenue and Volume Forecast, By Service Offering
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, By Monitoring Type
12.2.7.2. Market Revenue and Volume Forecast, By Monitoring Process
12.2.7.3. Market Revenue and Volume Forecast, By Deployment Type
12.2.7.4. Market Revenue and Volume Forecast, By Service Offering
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, By Monitoring Type
12.2.8.2. Market Revenue and Volume Forecast, By Monitoring Process
12.2.8.3. Market Revenue and Volume Forecast, By Deployment Type
12.2.8.4. Market Revenue and Volume Forecast, By Service Offering
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, By Monitoring Type
12.3.2. Market Revenue and Volume Forecast, By Monitoring Process
12.3.3. Market Revenue and Volume Forecast, By Deployment Type
12.3.4. Market Revenue and Volume Forecast, By Service Offering
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, By Monitoring Type
12.3.5.2. Market Revenue and Volume Forecast, By Monitoring Process
12.3.5.3. Market Revenue and Volume Forecast, By Deployment Type
12.3.5.4. Market Revenue and Volume Forecast, By Service Offering
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, By Monitoring Type
12.3.6.2. Market Revenue and Volume Forecast, By Monitoring Process
12.3.6.3. Market Revenue and Volume Forecast, By Deployment Type
12.3.6.4. Market Revenue and Volume Forecast, By Service Offering
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, By Monitoring Type
12.3.7.2. Market Revenue and Volume Forecast, By Monitoring Process
12.3.7.3. Market Revenue and Volume Forecast, By Deployment Type
12.3.7.4. Market Revenue and Volume Forecast, By Service Offering
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, By Monitoring Type
12.3.8.2. Market Revenue and Volume Forecast, By Monitoring Process
12.3.8.3. Market Revenue and Volume Forecast, By Deployment Type
12.3.8.4. Market Revenue and Volume Forecast, By Service Offering
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, By Monitoring Type
12.4.2. Market Revenue and Volume Forecast, By Monitoring Process
12.4.3. Market Revenue and Volume Forecast, By Deployment Type
12.4.4. Market Revenue and Volume Forecast, By Service Offering
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, By Monitoring Type
12.4.5.2. Market Revenue and Volume Forecast, By Monitoring Process
12.4.5.3. Market Revenue and Volume Forecast, By Deployment Type
12.4.5.4. Market Revenue and Volume Forecast, By Service Offering
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, By Monitoring Type
12.4.6.2. Market Revenue and Volume Forecast, By Monitoring Process
12.4.6.3. Market Revenue and Volume Forecast, By Deployment Type
12.4.6.4. Market Revenue and Volume Forecast, By Service Offering
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, By Monitoring Type
12.4.7.2. Market Revenue and Volume Forecast, By Monitoring Process
12.4.7.3. Market Revenue and Volume Forecast, By Deployment Type
12.4.7.4. Market Revenue and Volume Forecast, By Service Offering
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, By Monitoring Type
12.4.8.2. Market Revenue and Volume Forecast, By Monitoring Process
12.4.8.3. Market Revenue and Volume Forecast, By Deployment Type
12.4.8.4. Market Revenue and Volume Forecast, By Service Offering
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, By Monitoring Type
12.5.2. Market Revenue and Volume Forecast, By Monitoring Process
12.5.3. Market Revenue and Volume Forecast, By Deployment Type
12.5.4. Market Revenue and Volume Forecast, By Service Offering
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, By Monitoring Type
12.5.5.2. Market Revenue and Volume Forecast, By Monitoring Process
12.5.5.3. Market Revenue and Volume Forecast, By Deployment Type
12.5.5.4. Market Revenue and Volume Forecast, By Service Offering
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, By Monitoring Type
12.5.6.2. Market Revenue and Volume Forecast, By Monitoring Process
12.5.6.3. Market Revenue and Volume Forecast, By Deployment Type
12.5.6.4. Market Revenue and Volume Forecast, By Service Offering
13.1. SKF
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Emerson Electric
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. General Electric
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Honeywell International
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. National Instruments
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Parker Hannifin Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Rockwell Automation, Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Schaeffler AG
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. ABB
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Fortive Corporation
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
15.1. About Us
15.2. Glossary of Terms
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