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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Market Overview
The global vibration monitoring market size was valued at USD 1.47 billion in 2021. It is expected to reach USD 2.66 billion by 2030, growing at a CAGR of 6.8% during the forecast period (2022-2030).
The global Vibration Monitoring market continues to evolve rapidly, driven by shifting consumer trends, rising investments, and technological progress. This...