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...
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...
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