Global Condition Monitoring Market to Hit $3.9 B by 2025, Fueled by Predictive Maintenance

According to a new Research and Markets report, the worldwide machine condition monitoring market is set to rise from $2.6 billion in 2019 to $3.9 billion by 2025, representing a compound annual growth rate of 7%.

Predictive maintenance (PdM) is emerging as a preferred strategy across global manufacturing. PdM uses real‑time equipment condition data to anticipate failures and intervene proactively, thereby reducing downtime and cost.

Process‑oriented industries are investing more manpower, materials, and capital into maintenance programs to curb operational expenses while boosting throughput.

Onsite Deployment

In 2018, onsite condition monitoring dominated the market because organizations sought tighter control over critical assets. While onsite solutions offer direct oversight, they also demand significant hardware, software, and maintenance budgets, and limit scalability.

The shift toward Software‑as‑a‑Service (SaaS) platforms is accelerating growth for cloud‑based monitoring. Cloud deployments provide broader accessibility, elastic scaling, real‑time analytics, 24/7 service, and fortified security.

Online Condition Monitoring

Real‑time monitoring systems are now standard for high‑value assets such as turbines, blowers, pumps, and compressors. These systems typically consist of permanently installed sensors linked to monitors, analyzers, and central servers, transmitting data via wireless or wired networks to plant operators.

Regional Outlook

The Asia‑Pacific (APAC) region—led by China, a top manufacturing hub—is rapidly adopting machine‑monitoring technologies to enhance operational efficiency and production output. Rising maintenance costs are driving manufacturers toward PdM and other advanced solutions to optimize maintenance workflows and reduce operating expenses.

Key Market Players

The report highlights industry leaders such as Emerson Electric, General Electric, Honeywell International, National Instruments, and SKF, outlining their market positions and strategic initiatives.

For a deeper dive, view the full report at Research and Markets.