상태 모니터링 장비 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the condition monitoring equipment market size was valued at USD 3.29 billion in 2025 and estimated to grow from USD 3.54 billion in 2026 to reach USD 5.11 billion by 2031, at a CAGR of 7.62% during the forecast period (2026-2031).

This report is Segmented by Type (Hardware, Software, and Services), End-User Vertical (Oil and Gas, Power Generation, Process and Manufacturing, and More), Monitoring Technique (Portable/Offline Monitoring, Online/Continuous Monitoring, and Remote/Wireless Monitoring), Deployment Mode (On-Premise, and Cloud-Based), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global Condition Monitoring Equipment Market Trends and Insights

Rise in Demand for Smart Factories

Manufacturers building smart factories integrate asset health data with production metrics to drive holistic optimization. Condition monitoring platforms must interface with manufacturing execution and enterprise resource planning systems, so vendors emphasize open protocols and interoperable architectures. Edge computing enables immediate anomaly detection on the shop floor, reducing cloud bandwidth costs and response times. Operators use intuitive dashboards that translate vibration and thermal patterns into actionable tasks, and reported downtime reductions range from 15% to 25% when such systems are fully deployed. As enterprises link reliability outcomes to overall equipment effectiveness targets, demand rises for solutions scalable across multi-plant networks. The heightened focus on smart operations thus feeds long-term growth for the condition monitoring equipment market.

Growing Emphasis on Predictive Maintenance Programs

Corporate maintenance policies now prioritize data-driven interventions instead of rigid preventive schedules. Predictive maintenance often yields triple-digit returns on investment because failures are detected before secondary damage occurs, thereby reducing emergency repair costs and lost production hours. Machine-learning models synthesize vibration, temperature, and lubricant data into a single asset health score that maintenance planners trust for scheduling. Centralized cloud dashboards enable teams to oversee distributed plants from command centers, while shared databases of failure modes continually refine diagnostic accuracy. The positive economics and operational clarity continue to draw new adopters into the condition monitoring equipment market.

Cybersecurity Concerns in Connected Monitoring Systems

High-profile cyber incidents targeting operational technology make asset owners cautious about connecting machines to external networks. Updated 2024 NIST guidelines highlight sensor gateways and data historians as potential attack vectors. Many legacy plants lack segmented architectures, so retrofits require significant investments in firewall, intrusion detection, and identity management. Regulations governing critical infrastructure require strict compliance audits, which can lengthen project timelines. As a result, some operators favor air-gapped or on-premise deployments, tempering the near-term growth of cloud-centric solutions within the condition monitoring equipment market.

Other drivers and restraints analyzed in the detailed report include:

1. Increasing Focus on Renewable Energy Asset Reliability
2. Integration of IIoT and Cloud Analytics in Condition Monitoring
3. High Capital Outlay for Advanced Monitoring Equipment

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

The hardware segment accounted for 60.78% of the condition monitoring equipment market in 2025. Vibration probes, thermal cameras, and oil debris sensors remain the core diagnostic tools across rotating machinery, electrical systems, and hydraulics. Vendors continually raise sensor bandwidth and temperature ratings to match harsher service environments, reinforcing hardware replacement cycles. The services segment is the fastest-growing category, progressing at a 8.99% CAGR as users outsource data interpretation and repair planning. Under outcome-based contracts, providers leverage cloud analytics to guarantee uptime targets, aligning payment with performance rather than equipment sales. This model encourages wider adoption of predictive programs without major capital outlays, expanding the total condition monitoring equipment market.

Software advances bridge the gap between hardware and services by converting raw waveforms into actionable insights. Vendors embed artificial intelligence inside edge gateways to filter noise, compress relevant events, and push prioritized alerts to maintenance teams. Stand-alone software sales have slowed because buyers prefer integrated stacks, but software remains the differentiator that turns generic sensors into high-value solutions. Condition monitoring as a service, therefore, bundles hardware, analytics, and expert review into one subscription, driving recurring revenue and deeper customer lock-in across the condition monitoring equipment industry.

Oil and gas operations dominated the condition monitoring equipment market, accounting for 25.21% of the market size in 2025. Harsh drilling, refining, and liquefaction environments expose pumps, turbines, and compressors to severe wear, so vibration and thermography systems are long-standing requirements. The power generation segment, led by wind, solar, and life-extension projects for thermal plants, is forecast to grow at an 8.05% CAGR through 2031. Renewable operators depend on continuous monitoring to plan offshore service visits and avoid lost megawatt-hours during peak demand periods. Utilities also integrate asset health scores into grid dispatch models to balance cost and reliability, broadening application scope.

Process and discrete manufacturing plants adopt predictive programs to support lean inventory and just-in-time production, where uptime is paramount. Aerospace, defense, and transportation sectors seek specialized certifications and ruggedized devices, creating profitable niches for high-margin products. Meanwhile, mining, marine, and civil infrastructure markets add incremental volume by applying proven methodologies from the oil and gas sector. This diversification stabilizes demand and sustains healthy prospects for the condition monitoring equipment market.

Complete Report Scope:

• By Type
  • Hardware
    • Vibration Monitoring Equipment
    • Thermography Equipment
    • Lubricating Oil Analysis Equipment
  • Software
  • Services
• By End-User vertical
  • Oil and Gas
  • Power Generation
  • Process and Manufacturing
  • Aerospace and Defence
  • Automotive and Transportation
  • Other End-user Verticals
• By Monitoring Technique
  • Portable/Offline Monitoring
  • Online/Continuous Monitoring
  • Remote/Wireless Monitoring
• By Deployment Mode
  • On-Premise
  • Cloud-Based
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Middle East
      • Saudi Arabia
      • United Arab Emirates
      • Rest of Middle East
    • Africa
      • South Africa
      • Egypt
      • Rest of Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Geography Analysis

North America led the condition monitoring equipment market, accounting for a 33.21% share in 2025. The United States relies on predictive maintenance to counter skilled-labor shortages and extend the life of aging process plants. Federal safety regulations and corporate sustainability goals further mandate the monitoring of asset integrity. Canada applies similar technologies in oil sands operations and remote hydroelectric facilities, whereas Mexico's expanding automotive corridor demands cost-effective wireless solutions to uphold lean production targets. Together, these factors sustain strong replacement and upgrade cycles across the region.

The Middle East is the fastest-growing region, projected to grow at a 7.88% CAGR through 2031. National diversification agendas aim to modernize petrochemical complexes and create advanced manufacturing hubs through large-scale programs. New smart city and transportation projects generate additional demand for continuous verification of asset health. Harsh ambient temperatures, desert dust, and corrosive atmospheres drive the need for specialized sensors, and regional service hubs are emerging to support the local interpretation of diagnostic data.

Asia-Pacific follows closely due to its massive industrial base. China pushes domestic innovation through industrial internet initiatives, linking condition data with supply-chain platforms to boost quality competitiveness. Japan's mature plants undertake large-scale retrofits to keep their automotive and electronics facilities competitive, while India's 'Make in India' initiative stimulates adoption among small and mid-sized manufacturers. Across the region, a surge in renewable power projects requires remote monitoring to protect investments in wind and solar assets. Collectively, these factors widen the scope of the condition monitoring equipment market.

1. Rockwell Automation Inc.
2. Emerson Electric Co.
3. Meggitt PLC
4. General Electric Company
5. SKF AB
6. Bruel and Kjaer Vibro GmbH
7. Teledyne FLIR LLC
8. Fluke Corporation
9. Nippon Avionics Co., Ltd.
10. Thermo Fisher Scientific Inc.
11. PerkinElmer Inc.
12. Spectro Scientific Inc. (AMETEK Inc.)
13. Parker Hannifin Corporation
14. Gastops Ltd.
15. Siemens AG
16. Honeywell International Inc.
17. ABB Ltd.
18. Baker Hughes Company
19. National Instruments Corporation
20. Schaeffler AG
21. PRUFTECHNIK Dieter Busch AG
22. Wilcoxon Sensing Technologies (ITT Inc.)
23. Connection Technology Center Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Drivers
  • 4.1.1 Rise in Demand for Smart Factories
  • 4.1.2 Growing Emphasis on Predictive Maintenance Programs
  • 4.1.3 Increasing Focus on Renewable Energy Asset Reliability
  • 4.1.4 Integration of IIoT and Cloud Analytics in Condition Monitoring
  • 4.1.5 Miniaturisation of Wireless Sensor Nodes
  • 4.1.6 Shift Toward Servitisation Business Models
• 4.2 Market Restraints
  • 4.2.1 Unpredictable Maintenance Scheduling Windows
  • 4.2.2 Shortage of Skilled Reliability Engineers
  • 4.2.3 Cybersecurity Concerns in Connected Monitoring Systems
  • 4.2.4 High Capital Outlay for Advanced Monitoring Equipment
• 4.3 Industry Value Chain Analysis
• 4.4 Regulatory Landscape
• 4.5 Technological Outlook
• 4.6 Porter's Five Forces Analysis
  • 4.6.1 Bargaining Power of Suppliers
  • 4.6.2 Bargaining Power of Buyers
  • 4.6.3 Threat of New Entrants
  • 4.6.4 Threat of Substitute Products
  • 4.6.5 Intensity of Competitive Rivalry
• 4.7 Impact of Macroeconomic Factors

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Type
  • 5.1.1 Hardware
    • 5.1.1.1 Vibration Monitoring Equipment
    • 5.1.1.2 Thermography Equipment
    • 5.1.1.3 Lubricating Oil Analysis Equipment
  • 5.1.2 Software
  • 5.1.3 Services
• 5.2 By End-User vertical
  • 5.2.1 Oil and Gas
  • 5.2.2 Power Generation
  • 5.2.3 Process and Manufacturing
  • 5.2.4 Aerospace and Defence
  • 5.2.5 Automotive and Transportation
  • 5.2.6 Other End-user Verticals
• 5.3 By Monitoring Technique
  • 5.3.1 Portable/Offline Monitoring
  • 5.3.2 Online/Continuous Monitoring
  • 5.3.3 Remote/Wireless Monitoring
• 5.4 By Deployment Mode
  • 5.4.1 On-Premise
  • 5.4.2 Cloud-Based
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Russia
    • 5.5.2.5 Rest of Europe
  • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 South Korea
    • 5.5.3.5 Australia
    • 5.5.3.6 Rest of Asia-Pacific
  • 5.5.4 Middle East and Africa
    • 5.5.4.1 Middle East
      • 5.5.4.1.1 Saudi Arabia
      • 5.5.4.1.2 United Arab Emirates
      • 5.5.4.1.3 Rest of Middle East
    • 5.5.4.2 Africa
      • 5.5.4.2.1 South Africa
      • 5.5.4.2.2 Egypt
      • 5.5.4.2.3 Rest of Africa
  • 5.5.5 South America
    • 5.5.5.1 Brazil
    • 5.5.5.2 Argentina
    • 5.5.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 Rockwell Automation Inc.
  • 6.4.2 Emerson Electric Co.
  • 6.4.3 Meggitt PLC
  • 6.4.4 General Electric Company
  • 6.4.5 SKF AB
  • 6.4.6 Bruel and Kjaer Vibro GmbH
  • 6.4.7 Teledyne FLIR LLC
  • 6.4.8 Fluke Corporation
  • 6.4.9 Nippon Avionics Co., Ltd.
  • 6.4.10 Thermo Fisher Scientific Inc.
  • 6.4.11 PerkinElmer Inc.
  • 6.4.12 Spectro Scientific Inc. (AMETEK Inc.)
  • 6.4.13 Parker Hannifin Corporation
  • 6.4.14 Gastops Ltd.
  • 6.4.15 Siemens AG
  • 6.4.16 Honeywell International Inc.
  • 6.4.17 ABB Ltd.
  • 6.4.18 Baker Hughes Company
  • 6.4.19 National Instruments Corporation
  • 6.4.20 Schaeffler AG
  • 6.4.21 PRUFTECHNIK Dieter Busch AG
  • 6.4.22 Wilcoxon Sensing Technologies (ITT Inc.)
  • 6.4.23 Connection Technology Center Inc.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment