Machine Condition Monitoring Market Analysis by Application 2030
The global machine condition monitoring market was valued at USD 3.49 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2025 to 2030. This growth is primarily driven by the need for advanced diagnostic tools to assess equipment health and predict maintenance needs effectively. Manufacturers increasingly rely on condition monitoring systems to enhance...
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