기계 상태 모니터링 시장 - 규모, 점유율, 성장 및 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2026-2034년)

Growth Factors of machine condition monitoring Market

The global machine condition monitoring market was valued at USD 3.00 billion in 2025, reflecting growing reliance on predictive maintenance and real-time equipment monitoring across industrial sectors. Supported by the increasing penetration of Industry 4.0, industrial IoT (IIoT), and automation technologies, the market is projected to expand steadily. According to the report, the market size is expected to reach USD 3.24 billion in 2026 and further grow to USD 6.80 billion by 2034, registering a compound annual growth rate (CAGR) of 9.7% during the forecast period. In 2025, Asia Pacific dominated the global market with a share of 36.9%, driven by strong manufacturing activity and rapid digital transformation.

Machine condition monitoring systems are used to track the health of industrial equipment by analyzing parameters such as vibration, temperature, oil quality, and acoustics. These systems enable early fault detection, reduce unplanned downtime, and improve operational efficiency across industries including oil & gas, power generation, manufacturing, mining, automotive, chemicals, aerospace, and defense.

Impact of Industry 4.0 on Market Growth

The integration of Industry 4.0 technologies has significantly accelerated the adoption of machine condition monitoring solutions. The use of IoT-enabled sensors, automation, and real-time analytics allows continuous data collection and predictive insights. These technologies enhance workflow efficiency, reduce human errors, and support data-driven decision-making. For example, advancements in condition monitoring software now allow manufacturers to act on real-time machine health data, improving productivity and asset life.

Market Trends

A key trend shaping the market is the increasing adoption of wireless monitoring systems and cloud-based solutions. Industries are shifting toward smart factory environments where connected monitoring systems reduce downtime, minimize waste, and enable remote asset management. Additionally, the demand for energy-efficient and sustainable monitoring technologies is growing, as companies focus on reducing operational costs and environmental impact. AI-based predictive maintenance solutions are further strengthening the role of advanced condition monitoring systems.

Market Dynamics

The primary driver of market growth is the rapid proliferation of industrial IoT (IIoT) and the rising demand for predictive maintenance solutions. Government investments in digital infrastructure and the widespread adoption of automation technologies are also supporting market expansion. Industries increasingly rely on condition monitoring to reduce maintenance costs, prevent equipment failure, and improve overall equipment effectiveness.

However, the market faces restraints due to high implementation and upgradation costs, especially when integrating monitoring systems with legacy infrastructure. In addition, the lack of skilled professionals capable of managing and interpreting advanced monitoring data remains a challenge, particularly for small and medium-sized enterprises.

At the same time, the integration of artificial intelligence and machine learning into condition monitoring systems presents strong growth opportunities. AI-driven analytics enable early fault prediction, optimized maintenance planning, and reduced downtime, creating new revenue streams for solution providers, especially in emerging markets.

Segmentation Analysis

By equipment type, vibration analysis dominates the market due to its extensive use in continuous and rotating machinery. Oil analysis is witnessing steady growth as it helps detect contamination and wear at early stages, while thermography is gaining traction for identifying temperature anomalies, accounting for 36.11% market share in 2026.

By end user, the manufacturing and mining segment shows the highest growth due to heavy machinery usage and the ability to predict failures using IoT-enabled systems. The automotive sector continues to grow steadily, while oil & gas, power generation, chemicals, and aerospace & defense sectors are expected to show consistent demand. The aerospace and defense segment accounted for nearly 11% market share in 2025, while the oil & gas segment is projected to grow at a CAGR of 7.85%.

Regional Outlook

Asia Pacific remains the fastest-growing region, with a market value of USD 1.11 billion in 2025, increasing to USD 1.21 billion in 2026. China leads regional growth, followed by Japan and India, driven by automation adoption and smart manufacturing initiatives.

North America is projected to reach USD 0.92 billion in 2026, supported by strong demand from automotive and aerospace industries. Europe is expected to achieve USD 0.69 billion in 2026, driven by sustainability regulations and energy-efficient monitoring solutions. South America and the Middle East & Africa are also witnessing steady growth due to rising investments in industrial and energy infrastructure.

Competitive Landscape

The market is highly competitive, with key players such as GE Vernova, Siemens AG, Rockwell Automation, SKF, Honeywell, Emerson Electric, and Bosch Rexroth focusing on AI-based predictive analytics, product innovation, and strategic partnerships to strengthen their market positions.

Conclusion

The global machine condition monitoring market is set for sustained growth from USD 3.00 billion in 2025 to USD 6.80 billion by 2034, driven by automation, IIoT adoption, and the rising need for predictive maintenance solutions. With continued advancements in AI, wireless monitoring, and smart factory technologies, machine condition monitoring will remain a critical component of modern industrial operations, supporting efficiency, reliability, and long-term asset performance across industries.

Segmentation By Equipment, End User, and Region

Segmentation By Equipment

• Vibration Analysis
• Oil Analysis
• Thermography

By End User

• Oil & Gas
• Power Generation
• Manufacturing & Mining
• Chemicals
• Automotive
• Aerospace and Defense
• Others (Marine & Propulsion)

By Region

• North America (By Equipment, By End User, and By Country)
  • U.S. (By Equipment)
  • Canada (By Equipment)
  • Mexico (By Equipment)
• South America (By Equipment, By End User, and By Country)
  • Brazil (By Equipment)
  • Argentina (By Equipment)
  • Rest of South America
• Europe (By Equipment, By End User, and By Country)
  • U.K. (By Equipment)
  • Germany (By Equipment)
  • France (By Equipment)
  • Italy (By Equipment)
  • Spain (By Equipment)
  • Russia (By Equipment)
  • Rest of Europe
• Asia Pacific (By Equipment, By End User, and By Country)
  • China (By Equipment)
  • India (By Equipment)
  • Japan (By Equipment)
  • South Korea (By Equipment)
  • ASEAN (By Equipment)
  • Rest of Asia Pacific
• Middle East & Africa (By Equipment, By End User, and By Country)
  • South Africa (By Equipment)
  • GCC (By Equipment)
  • Rest of Middle East & Africa

Key Market Players Profiled in the Report General Vernova (U.S.), Honeywell International Inc. (U.S.), SKF (Netherlands), Siemens AG (Germany), Rockwell Automation Inc. (U.S.), Fluke Corporation (Japan), Bentley Nevada (Nevada), Acoem (France), Schaeffler (U.S.), Bosch Rexroth AG (Germany)

Table of Content

1. Introduction

• 1.1. Definition, By Segment
• 1.2. Research Methodology/Approach
• 1.3. Data Sources

2. Executive Summary

3. Market Dynamics

• 3.1. Macro and Micro Economic Indicators
• 3.2. Drivers, Restraints, Opportunities and Trends
• 3.3. Impact of Industry 4.0

4. Competition Landscape

• 4.1. Business Strategies Adopted by Key Players
• 4.2. Consolidated SWOT Analysis of Key Players
• 4.3. Global Machine Condition Monitoring Key Players [Top 3-5] Market Share/Ranking, 2025

5. Global Machine Condition Monitoring Market Size Estimates and Forecasts, By Segments, 2021-2034

• 5.1. Key Findings
• 5.2. By Equipment (USD)
  • 5.2.1. Vibration Analysis
  • 5.2.2. Oil Analysis
  • 5.2.3. Thermography
• 5.3. By End User (USD)
  • 5.3.1. Oil & Gas
  • 5.3.2. Power Generation
  • 5.3.3. Manufacturing & Mining
  • 5.3.4. Chemicals
  • 5.3.5. Automotive
  • 5.3.6. Aerospace and Defense
  • 5.3.7. Others (Marine & Propulsion)
• 5.4. By Region (USD)
  • 5.4.1. North America
  • 5.4.2. South America
  • 5.4.3. Europe
  • 5.4.4. Asia Pacific
  • 5.4.5. Middle East & Africa

6. North America Machine Condition Monitoring Market Size Estimates and Forecasts, By Segments, 2021-2034

• 6.1. Key Findings
• 6.2. By Equipment (USD)
  • 6.2.1. Vibration Analysis
  • 6.2.2. Oil Analysis
  • 6.2.3. Thermography
• 6.3. By End User (USD)
  • 6.3.1. Oil & Gas
  • 6.3.2. Power Generation
  • 6.3.3. Manufacturing & Mining
  • 6.3.4. Chemicals
  • 6.3.5. Automotive
  • 6.3.6. Aerospace and Defense
  • 6.3.7. Others (Marine & Propulsion)
• 6.4. By Country (USD)
  • 6.4.1. United States
    • 6.4.1.1. By Equipment
  • 6.4.2. Canada
    • 6.4.2.1. By Equipment
  • 6.4.3. Mexico
    • 6.4.3.1. By Equipment

7. South America Machine Condition Monitoring Market Size Estimates and Forecasts, By Segments, 2021-2034

• 7.1. Key Findings
• 7.2. By Equipment (USD)
  • 7.2.1. Vibration Analysis
  • 7.2.2. Oil Analysis
  • 7.2.3. Thermography
• 7.3. By End User (USD)
  • 7.3.1. Oil & Gas
  • 7.3.2. Power Generation
  • 7.3.3. Manufacturing & Mining
  • 7.3.4. Chemicals
  • 7.3.5. Automotive
  • 7.3.6. Aerospace and Defense
  • 7.3.7. Others (Marine & Propulsion)
• 7.4. By Country (USD)
  • 7.4.1. Brazil
    • 7.4.1.1. By Equipment
  • 7.4.2. Argentina
    • 7.4.2.1. By Equipment
  • 7.4.3. Rest of South America

8. Europe Machine Condition Monitoring Market Size Estimates and Forecasts, By Segments, 2021-2034

• 8.1. Key Findings
• 8.2. By Equipment (USD)
  • 8.2.1. Vibration Analysis
  • 8.2.2. Oil Analysis
  • 8.2.3. Thermography
• 8.3. By End User (USD)
  • 8.3.1. Oil & Gas
  • 8.3.2. Power Generation
  • 8.3.3. Manufacturing & Mining
  • 8.3.4. Chemicals
  • 8.3.5. Automotive
  • 8.3.6. Aerospace and Defense
  • 8.3.7. Others (Marine & Propulsion)
• 8.4. By Country (USD)
  • 8.4.1. United Kingdom
    • 8.4.1.1. By Equipment
  • 8.4.2. Germany
    • 8.4.2.1. By Equipment
  • 8.4.3. France
    • 8.4.3.1. By Equipment
  • 8.4.4. Italy
    • 8.4.4.1. By Equipment
  • 8.4.5. Spain
    • 8.4.5.1. By Equipment
  • 8.4.6. Russia
    • 8.4.6.1. By Equipment
  • 8.4.7. Rest of Europe

9. Asia Pacific Machine Condition Monitoring Market Size Estimates and Forecasts, By Segments, 2021-2034

• 9.1. Key Findings
• 9.2. By Equipment (USD)
  • 9.2.1. Vibration Analysis
  • 9.2.2. Oil Analysis
  • 9.2.3. Thermography
• 9.3. By End User (USD)
  • 9.3.1. Oil & Gas
  • 9.3.2. Power Generation
  • 9.3.3. Manufacturing & Mining
  • 9.3.4. Chemicals
  • 9.3.5. Automotive
  • 9.3.6. Aerospace and Defense
  • 9.3.7. Others (Marine & Propulsion)
• 9.4. By Country (USD)
  • 9.4.1. China
    • 9.4.1.1. By Equipment
  • 9.4.2. India
    • 9.4.2.1. By Equipment
  • 9.4.3. Japan
    • 9.4.3.1. By Equipment
  • 9.4.4. South Korea
    • 9.4.4.1. By Equipment
  • 9.4.5. ASEAN
    • 9.4.5.1. By Equipment
  • 9.4.6. Rest of Asia Pacific

10. Middle East & Africa Machine Condition Monitoring Market Size Estimates and Forecasts, By Segments, 2021-2034

• 10.1. Key Findings
• 10.2. By Equipment (USD)
  • 10.2.1. Vibration Analysis
  • 10.2.2. Oil Analysis
  • 10.2.3. Thermography
• 10.3. By End User (USD)
  • 10.3.1. Oil & Gas
  • 10.3.2. Power Generation
  • 10.3.3. Manufacturing & Mining
  • 10.3.4. Chemicals
  • 10.3.5. Automotive
  • 10.3.6. Aerospace and Defense
  • 10.3.7. Others (Marine & Propulsion)
• 10.4. By Country (USD)
  • 10.4.1. South Africa
    • 10.4.1.1. By Equipment
  • 10.4.2. GCC
    • 10.4.2.1. By Equipment
  • 10.4.3. Rest of MEA

11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)

• 11.1. General Vernova
  • 11.1.1. Overview
    • 11.1.1.1. Key Management
    • 11.1.1.2. Headquarters
    • 11.1.1.3. Offerings/Business Segments
  • 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.1.2.1. Employee Size
    • 11.1.2.2. Past and Current Revenue
    • 11.1.2.3. Geographical Share
    • 11.1.2.4. Business Segment Share
    • 11.1.2.5. Recent Developments
• 11.2. Honeywell International Inc.
  • 11.2.1. Overview
    • 11.2.1.1. Key Management
    • 11.2.1.2. Headquarters
    • 11.2.1.3. Offerings/Business Segments
  • 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.2.2.1. Employee Size
    • 11.2.2.2. Past and Current Revenue
    • 11.2.2.3. Geographical Share
    • 11.2.2.4. Business Segment Share
    • 11.2.2.5. Recent Developments
• 11.3. SKF
  • 11.3.1. Overview
    • 11.3.1.1. Key Management
    • 11.3.1.2. Headquarters
    • 11.3.1.3. Offerings/Business Segments
  • 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.3.2.1. Employee Size
    • 11.3.2.2. Past and Current Revenue
    • 11.3.2.3. Geographical Share
    • 11.3.2.4. Business Segment Share
    • 11.3.2.5. Recent Developments
• 11.4. Siemens AG
  • 11.4.1. Overview
    • 11.4.1.1. Key Management
    • 11.4.1.2. Headquarters
    • 11.4.1.3. Offerings/Business Segments
  • 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.4.2.1. Employee Size
    • 11.4.2.2. Past and Current Revenue
    • 11.4.2.3. Geographical Share
    • 11.4.2.4. Business Segment Share
    • 11.4.2.5. Recent Developments
• 11.5. Rockwell Automation Inc.
  • 11.5.1. Overview
    • 11.5.1.1. Key Management
    • 11.5.1.2. Headquarters
    • 11.5.1.3. Offerings/Business Segments
  • 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.5.2.1. Employee Size
    • 11.5.2.2. Past and Current Revenue
    • 11.5.2.3. Geographical Share
    • 11.5.2.4. Business Segment Share
    • 11.5.2.5. Recent Developments
• 11.6. Fluke Corporation
  • 11.6.1. Overview
    • 11.6.1.1. Key Management
    • 11.6.1.2. Headquarters
    • 11.6.1.3. Offerings/Business Segments
  • 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.6.2.1. Employee Size
    • 11.6.2.2. Past and Current Revenue
    • 11.6.2.3. Geographical Share
    • 11.6.2.4. Business Segment Share
    • 11.6.2.5. Recent Developments
• 11.7. Bentley Nevada
  • 11.7.1. Overview
    • 11.7.1.1. Key Management
    • 11.7.1.2. Headquarters
    • 11.7.1.3. Offerings/Business Segments
  • 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.7.2.1. Employee Size
    • 11.7.2.2. Past and Current Revenue
    • 11.7.2.3. Geographical Share
    • 11.7.2.4. Business Segment Share
    • 11.7.2.5. Recent Developments
• 11.8. Acoem
  • 11.8.1. Overview
    • 11.8.1.1. Key Management
    • 11.8.1.2. Headquarters
    • 11.8.1.3. Offerings/Business Segments
  • 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.8.2.1. Employee Size
    • 11.8.2.2. Past and Current Revenue
    • 11.8.2.3. Geographical Share
    • 11.8.2.4. Business Segment Share
    • 11.8.2.5. Recent Developments
• 11.9. Schaeffler
  • 11.9.1. Overview
    • 11.9.1.1. Key Management
    • 11.9.1.2. Headquarters
    • 11.9.1.3. Offerings/Business Segments
  • 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.9.2.1. Employee Size
    • 11.9.2.2. Past and Current Revenue
    • 11.9.2.3. Geographical Share
    • 11.9.2.4. Business Segment Share
    • 11.9.2.5. Recent Developments
• 11.10. Bosch Rexroth AG
  • 11.10.1. Overview
    • 11.10.1.1. Key Management
    • 11.10.1.2. Headquarters
    • 11.10.1.3. Offerings/Business Segments
  • 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
    • 11.10.2.1. Employee Size
    • 11.10.2.2. Past and Current Revenue
    • 11.10.2.3. Geographical Share
    • 11.10.2.4. Business Segment Share
    • 11.10.2.5. Recent Developments

12. Key Takeaways