Predictive Maintenance Revolution: Machine Condition Monitoring Market Size, Share, and CAGR Projections
The global machine condition monitoring market was valued at USD 3.41 billion in 2024 and is poised to grow at a CAGR of 7.3 percent during the forecast period. This baseline situates the market in a mature but accelerating phase, where demand is increasingly driven by digital transformation of industrial assets and predictive maintenance imperatives. Regional manufacturing trends, supply chain...
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