The condition monitoring device market is estimated to be valued at USD 4,056.8 Mn in 2025 and is expected to reach USD 7,112.8 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.4% from 2025 to 2032.
The Condition Monitoring Device Market is evolving quickly as industries like manufacturing, oil & gas, and aerospace increasingly demand predictive maintenance and operational efficiency. Companies use advanced technologies such as IoT, AI, and cloud computing to analyze data in real-time, detect faults early, and minimize downtime. A stronger focus on safety, regulatory compliance, and cost savings drives market growth. Furthermore, the integration of smart sensors and automation actively supports the transition to Industry 4.0, encouraging global adoption.
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Regional Energy Transition and Infrastructure Modernization |
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Vibration Monitoring acquired the prominent share of 33.1% in 2025. Vibration monitoring drives the Condition Monitoring Device Market share by enabling early detection of mechanical faults. Industries use vibration analysis to track equipment health, prevent unexpected downtime, and prolong asset lifespan. As businesses prioritize predictive maintenance and real-time diagnostics, they increasingly adopt vibration monitoring systems. The integration of IoT and advanced analytics improves data interpretation, making these systems more effective. Widespread use in manufacturing, energy, and transportation further strengthens the demand for vibration monitoring solutions across various applications. For instance, in March 2025, Sydney-based Internet of Things company 365mesh released the second version of its AmbientAI-V vibration sensor. Designed for construction, mining, and industrial environments, the structural monitoring device provides continuous vibration tracking essential for ensuring infrastructure safety.
Condition monitoring software drives the market by offering advanced data analysis, real-time monitoring, and predictive maintenance capabilities. Industries rely on this software to identify equipment faults early, enhance decision-making, and minimize downtime. Developers integrate AI, machine learning, and cloud computing to boost the software’s ability to process large volumes of sensor data effectively. As companies pursue greater operational efficiency and embrace digital transformation, they increasingly adopt intelligent and scalable software solutions across a wide range of industrial applications. For instance, in February 2024, CloudMD Software & Services Inc. launched its Deviceless Remote Patient Monitoring Program for patients at Bristol Health. This innovative approach transforms patient monitoring by removing the need for external medical devices, while greatly improving the quality and efficiency of remote healthcare delivery.
Organizations drive the demand for on-premise deployment in the Condition Monitoring Device Market by prioritizing data security, system customization, and control over hardware. Companies in regulated sectors choose on-premise solutions to meet strict compliance and data privacy requirements. They use these systems in remote or critical locations where internet connectivity is limited. On-premise setups deliver faster response times and integrate smoothly with legacy infrastructure, allowing industries like oil & gas, manufacturing, and energy to implement dependable, customized monitoring solutions. For instance, in March 2025, Ouster, Inc., a leading provider of high-performance lidar sensors and solutions, has launched a cloud portal for Ouster Gemini, its digital lidar perception platform used in security, intelligent transportation systems, crowd analytics, and logistics. The new portal enables users to seamlessly configure, manage, and monitor all on-premise Ouster Gemini lidar deployments through a single, unified interface.
Oil and gas companies drive the Condition Monitoring Device Market by actively using real-time equipment monitoring to enhance safety, minimize downtime, and boost operational efficiency. They adopt condition monitoring to identify faults early, avoid equipment failures, and extend asset lifespan, especially in remote and demanding environments. To meet strict safety and environmental regulations, these companies increasingly implement monitoring solutions. By integrating digital technologies like IoT and AI, they enable predictive maintenance that improves performance and lowers overall maintenance expenses. For instance, in May 2025, SignalFire introduced the AirQ Scout, a new methane emissions monitoring device built for harsh environments and operating on a 900 MHz wireless platform. The company designed AirQ Scout to integrate seamlessly with its 900 MHz gateway and equipped it with MEMS (Micro-Electro-Mechanical Systems) technology to ensure accurate, reliable methane detection without requiring external power.
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North America dominates the overall market with an estimated share of 36.04% in 2025. Industries across North America drive growth in the Condition Monitoring Device Market by adopting advanced technologies such as IoT, AI, and cloud computing early. They prioritize predictive maintenance to minimize downtime and enhance asset reliability. Strict regulatory frameworks and a mature industrial landscape increase the demand for monitoring solutions. Companies invest in digital integration to gain real-time operational insights. Major market players continue to innovate, while a strong focus on efficiency and reliability shapes ongoing trends in the regional market. For instance, in October 2024, Echolight, a global innovator in bone densitometry, announced that NASA is using its proprietary REMS (Radiofrequency Echographic Multi Spectrometry) technology in North America to monitor bone changes during a human bedrest study. NASA is applying this technology to assess the impact of unloading on bone mass, recognizing the critical importance of bone health in space environments.
Europe acquired the prominent share of 24.4% in 2025. Companies across Europe drive steady growth in the Condition Monitoring Device Market by adopting Industry 4.0 technologies and embracing digital transformation in manufacturing and energy sectors. They prioritize predictive maintenance to cut operational costs and improve equipment reliability. Strict environmental and safety regulations push businesses to implement advanced monitoring solutions. Growing demand for smart sensors and IoT integration enables real-time data analysis. Additionally, government initiatives promote industrial modernization and sustainability, while collaboration among key players fuels innovation and technological progress.
Sorin Group, a global medical device company and leader in cardiovascular disease treatment, and Orange Business, a leading global communications solutions integrator, have launched SMARTVIEW™—a remote monitoring solution for patients with implanted cardiac rhythm management (CRM) devices—in several European countries.
United States holds the largest market share of 29.9% in 2025. Companies in the United States drive the Condition Monitoring Device Market by quickly adopting advanced technologies like IoT, AI, and machine learning to improve predictive maintenance and asset management. They focus on reducing downtime and boosting operational efficiency using real-time monitoring solutions. Strict regulatory requirements compel businesses to seek reliable and compliant systems. Additionally, investments in digital infrastructure and smart manufacturing accelerate market growth. Key technology providers actively innovate, shaping the ongoing trends in the U.S. market. For instance, in June 2025, Cardinal announced the U.S. launch of its multi-parameter, single-patient use monitoring cable and lead wire system, which allows continuous monitoring of cardiac activity, blood oxygen level, and temperature through a single connection point.
Germany holds the largest market share of 6.4% in 2025. Industries in Germany drive steady growth in the Condition Monitoring Device Market by adopting advanced technologies such as IoT, AI, and automation to enhance maintenance and operational efficiency. Manufacturers prioritize predictive maintenance to minimize downtime and prolong equipment lifespan. Strict regulatory standards and a focus on energy efficiency push companies to adopt reliable monitoring solutions. Germany’s robust industrial base, particularly in automotive and manufacturing, fuels market demand. Additionally, government initiatives promoting digitalization and sustainability encourage businesses to innovate and integrate smart monitoring systems across sectors. For instance, Worldsensing has launched its latest wireless sensor, the Vibration Meter. The device features a tri-axial accelerometer to measure vibrations and offers longer battery life, an extended communication range, and a more competitive price compared to similar products.
| Report Coverage | Details | ||
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| Base Year: | 2024 | Market Size in 2025: | USD 4,056.8 Mn |
| Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
| Forecast Period 2025 to 2032 CAGR: | 8.4% | 2032 Value Projection: | USD 7,112.8 Mn |
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| Companies covered: |
Rockwell Automation, Inc., Baker Hughes Company (Bently Nevada), SKF Group, Parker Hannifin, PCB Piezotronics Inc., TE Connectivity, AMETEK Inc., THE TIMKEN COMPANY, ITT INC. and Schaeffler Technologies AG & Co. KG. |
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The condition monitoring market is increasingly embracing wireless and IoT-enabled devices, enabling remote, real-time monitoring without the constraints of wired connections. This trend enhances flexibility and accessibility, allowing users to gather data from hard-to-reach locations and integrate with cloud-based platforms. Wireless sensors reduce installation costs and downtime, while IoT connectivity supports advanced data analytics, predictive maintenance, and centralized asset management, driving smarter industrial operations.
Artificial intelligence (AI) and machine learning (ML) integration is transforming condition monitoring by enabling predictive analytics and anomaly detection. These technologies process vast sensor data to identify patterns and predict equipment failures before they occur, improving maintenance scheduling. AI-driven insights optimize asset performance, reduce unplanned downtime, and extend machinery lifespan. The trend highlights a shift from reactive to proactive maintenance strategies across industries, increasing operational efficiency and cost savings.
The renewable energy sector offers substantial opportunities for condition monitoring devices, especially in wind turbines and solar farms. These assets operate in remote and harsh environments, requiring reliable, durable monitoring solutions. Devices that provide continuous performance data and early fault detection can optimize energy output and reduce costly downtime. Customized sensors and monitoring platforms tailored to renewable energy’s unique challenges can unlock new market potential and support the global shift toward sustainable energy.
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About Author
Komal Dighe is a Management Consultant with over 8 years of experience in market research and consulting. She excels in managing and delivering high-quality insights and solutions in Health-tech Consulting reports. Her expertise encompasses conducting both primary and secondary research, effectively addressing client requirements, and excelling in market estimation and forecast. Her comprehensive approach ensures that clients receive thorough and accurate analyses, enabling them to make informed decisions and capitalize on market opportunities.
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