Global Machine Condition Monitoring Market: By Components, By Application, By Deployment Mode, and Region Forecast 2020-2031

Global Machine Condition Monitoring Market Size, Share, Growth, Trends, and Global Industry Analysis: By Components (Hardware, Portable/Handheld Condition Monitoring Units, and Software Services), By Application (Oil & Gas, Power Generation, Metals & Mining, Chemicals, Automotive, Aerospace & Defence, Food & Beverages, and Others), By Deployment Mode (On-Premises and Cloud), and Region Forecast 2020-2031

Machine Condition Monitoring Market size was valued at US$ 3,500 million in 2024 and is projected to reach US$ 5,600 million by 2031 at a CAGR of 6.8% from 2025–2031. Moreover, the U.S. Machine Condition Monitoring Market is projected to grow significantly, reaching an estimated value of US$ 1,750 million by 2031.

The market is defined as a sector focused on technologies, products, and services that enable the continuous or periodic assessment of machine health by monitoring key parameters, such as vibration, temperature, oil quality, pressure, and electrical signals, to detect changes indicating potential faults or malfunctions. The market is primarily driven by the growing demand for predictive maintenance, as industries seek to reduce costly downtime, enhance equipment reliability, and ensure operational safety. By leveraging technologies such as vibration analysis, thermography, and acoustic sensing, companies are transitioning from reactive to predictive strategies, especially in high-capital sectors like oil & gas, manufacturing, and transportation. A key trend shaping the market is the accelerated adoption of wireless and cloud-based monitoring solutions, which offer real-time data access, easier installation, and compatibility with smart manufacturing initiatives. These advancements are enabling maintenance teams to remotely monitor and respond to equipment anomalies with greater accuracy and speed.

The most significant opportunity lies in the integration of IIoT, AI, and advanced analytics, allowing real-time diagnostics and centralized decision-making across distributed facilities, especially vital post-COVID. Cloud-based platforms and edge computing further enhance this by enabling scalable and cost-effective implementations. However, high initial costs, complex integration with legacy systems, and a shortage of skilled personnel remain significant restraints, particularly for small and mid-sized enterprises. Although cloud and wireless systems are helping lower these barriers, their benefits are still emerging. Overall, the market is set to grow steadily as digital maturity and remote monitoring needs rise globally.

Facts & Figures

  • Rising Demand for Predictive Maintenance: Industries are shifting from reactive to predictive maintenance to reduce unplanned downtime, improve asset utilization, and lower long-term costs. For instance, ABB’s partnership with Samotics (2022) integrates predictive analytics into motors to monitor performance proactively.
  • Integration of IIoT and Smart Sensors: The Industrial Internet of Things (IIoT) enables real-time machine data collection, making condition monitoring more efficient and remotely accessible. For instance, Siemens upgraded its MindSphere IoT platform (Oct 2023) to enhance data integration and smart monitoring, directly addressing industry needs for connected diagnostics across factory floors.
  • Growth in Renewable Energy and Remote Asset Monitoring: Wind and solar farms need remote, automated monitoring tools due to limited onsite presence and difficult-to-access locations. For instance, NKE FERSA’s partnership with Nanoprecise (Dec 2024) to monitor wind turbines exemplifies how condition monitoring is becoming vital in energy transition and asset optimization in remote environments.
  • Increased Focus on Safety and Regulatory Compliance: Safety-critical industries like oil & gas and mining rely on early fault detection to comply with safety norms and prevent hazardous failures. For instance, Honeywell’s acquisition of a sensor analytics startup (Sept 2023) was aimed at enhancing safety and operational intelligence in process industries, reinforcing this compliance-driven demand.

Key Developments

  • In January 2025, Swedish startup Puresignal launched an app-controlled, AI-based lubrication monitoring system operable up to 2?km away—ideal for remote or hazardous environments.
  • In December 2024, Austrian bearing-maker NKE FERSA partnered with Canada’s Nanoprecise to unveil a condition monitoring system for wind turbines, enhancing equipment longevity.
  • In September 2023, Honeywell acquired a sensor-tech startup to bolster real-time data analytics and condition monitoring capabilities within its industrial portfolio.
  • In September 2023, ABB entered a long-term alliance with Samotics (Netherlands) to integrate plug-and-play IIoT monitoring into ABB’s equipment, boosting AI-driven anomaly detection.

Machine Condition Monitoring Market Segmentation

Based on the components

  • Hardware
  • Portable/Handheld Condition Monitoring Units
  • Software Services

In the market, the Hardware segment holds the largest market share, driven by the widespread deployment of vibration sensors, accelerometers, thermography devices, and acoustic sensors across industrial environments. These components are essential for real-time data collection and early fault detection, particularly in high-risk sectors like oil & gas, manufacturing, and energy. Hardware remains the backbone of most condition monitoring systems, especially in predictive maintenance setups. While software and analytics are gaining importance, the need for robust, reliable hardware continues to dominate spending. In contrast, Portable/Handheld Condition Monitoring Units hold the smallest share due to their limited scalability and manual operation nature.

Based on the application

  • Oil & Gas
  • Power Generation
  • Metals & Mining, Chemicals
  • Automotive, Aerospace & Defence
  • Food & Beverages
  • Others

The Oil & Gas segment is expected to hold the largest market share in the market. This is due to industry’s high reliance on heavy rotating equipment such as compressors, pumps, and turbines, where equipment failure can lead to hazardous situations and massive financial losses. Condition monitoring helps detect faults early, ensuring operational safety, compliance, and uninterrupted production. The sector’s harsh operating environments and strict maintenance regulations further drive demand for advanced monitoring solutions. In contrast, the Food & Beverages segment holds a smaller share, as its equipment is generally less complex and the industry has been slower in adopting predictive maintenance technologies.

Based on the deployment type

  • On-Premises
  • Cloud

The On-Premises segment holds the largest market share in the market. This is primarily due to the preference of industries like oil & gas, power generation, and manufacturing for greater control over sensitive operational data and system customization. On-premises solutions offer high data security and are ideal for facilities with limited internet connectivity or stringent compliance requirements. However, these systems involve higher upfront costs and complex infrastructure. In comparison, the Cloud segment, while currently smaller in share, is growing rapidly due to its scalability, lower cost of entry, remote accessibility, and ease of integration with IoT platforms and advanced analytics tools.

Machine Condition Monitoring Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

6.8%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Machine Condition Monitoring Market Dynamics

Drivers

One key driver of the market is the increasing demand for predictive maintenance across industries. As unplanned equipment failures can lead to significant downtime, lost revenue, and safety hazards, organizations are prioritizing solutions that enable real-time monitoring of machinery health. Machine condition monitoring systems use technologies like vibration analysis, thermography, and acoustic monitoring to detect anomalies before they escalate into critical failures. This shift from reactive to predictive maintenance helps reduce maintenance costs, improve asset lifespan, and optimize operational efficiency, especially in capital-intensive sectors such as manufacturing, energy, oil & gas, and transportation. Furthermore, the rise of Industry 4.0 has encouraged the integration of IoT sensors and cloud analytics, allowing for remote, data-driven decision-making. While predictive maintenance is the leading catalyst, other supportive drivers include growing industrial automation, regulatory pressure for workplace safety, and the availability of AI-powered diagnostics, each enhancing the market’s appeal and long-term growth trajectory.

Restraints

A major restraint of the market is the high initial cost of implementation and system integration. Setting up a comprehensive condition monitoring solution often involves significant capital investment in sensors, software, data infrastructure, and skilled personnel. For small and medium-sized enterprises, this upfront expenditure, combined with the complexity of integrating new systems with legacy machinery, acts as a major deterrent. Additionally, many plants operate in harsh or remote environments were installing and maintaining such equipment can be technically challenging and cost prohibitive. These financial and operational hurdles delay adoption, especially in cost-sensitive industries. Moreover, there’s often a lack of internal expertise required to interpret complex diagnostic data and translate it into actionable maintenance strategies. While cloud-based and wireless condition monitoring solutions are gradually addressing some of these challenges, they remain secondary enablers, and adoption still depends heavily on budget flexibility and digital readiness within an organization.

Opportunites

The prominent opportunity in the market lies in the integration of Industrial Internet of Things (IIoT) and advanced analytics to enable remote, real-time monitoring of equipment health. As industries move toward digital transformation, IIoT-based condition monitoring allows organizations to collect continuous performance data from machines, which can be analyzed through AI and machine learning algorithms to predict failures with high accuracy. This shift not only reduces unplanned downtime and maintenance costs but also facilitates data-driven decision-making, especially in sectors with complex asset networks like manufacturing, energy, and mining. Cloud-based platforms further enhance this opportunity by enabling centralized monitoring across geographically dispersed facilities. The ability to manage operations remotely has gained even more relevance post-COVID, with companies looking to minimize on-site personnel and ensure operational continuity. While IIoT leads this opportunity, growing adoption in emerging markets and the development of wireless sensor technologies are also expanding the market’s reach and scalability.

Trends

A key trend in the market is the rapid adoption of wireless and cloud-based monitoring systems. Traditional wired systems are being replaced by wireless sensors that are easier to install, require less maintenance, and provide real-time data from remote or hazardous environments. This trend is driven by the increasing need for scalable, flexible, and cost-effective solutions that can support smart manufacturing and Industry 4.0 initiatives. Cloud connectivity enables centralized data storage and analysis, allowing maintenance teams to access equipment status anytime, anywhere. Additionally, these platforms often come with built-in analytics and AI-driven diagnostics, improving the speed and accuracy of fault detection. This technological shift is also facilitating integration with enterprise asset management (EAM) and predictive maintenance software, further enhancing operational efficiency. Alongside this, there is growing momentum in deploying edge computing and digital twin technologies, which offer real-time simulation and localized data processing, strengthening the overall digital infrastructure of condition monitoring systems.

Machine Condition Monitoring Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 3,500 million

Market Size in 2031

US$ 5,600 million

Market CAGR

6.8%

By Components

  • Hardware
  • Portable/Handheld Condition Monitoring Units
  • Software Services

By Application

  • Oil & Gas
  • Power Generation
  • Metals & Mining, Chemicals
  • Automotive, Aerospace & Defence
  • Food & Beverages
  • Others

By Deployment Mode

  • On-Premises
  • Cloud

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa

Analyst Review

According to a PBI Analyst, the market is experiencing robust growth, driven by rising demand for predictive maintenance, operational efficiency, and reduced equipment downtime across industries. Adoption is strongest in sectors like manufacturing, energy, and oil & gas, where unplanned failures are costly. The integration of IIoT, AI, and cloud-based platforms is transforming traditional monitoring into real-time, intelligent diagnostics. While high upfront costs and integration complexities restrain smaller players, wireless and SaaS-based solutions are steadily lowering these barriers. Meanwhile, with the acceleration of Industry 4.0 and digital transformation, the market is well-positioned for long-term expansion and innovation-led competitiveness.

Key Features of the Report

  • The machine condition monitoring market report provides granular level information about the market size, regional market share, historic market (2020-2024) and forecast (2025-2031)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis 

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Frequently Asked Questions

Machine condition monitoring market size was valued at US$ 3,500 million in 2024 and is projected to reach US$ 5,600 million by 2031 at a CAGR of 6.8%.

Integration of IIoT, AI, and remote monitoring technologies offers major growth opportunities, especially in emerging economies and asset-intensive industries like mining and power.

Vibration monitoring leads the market due to its proven effectiveness in detecting mechanical faults early, especially in rotating machinery across critical sectors like oil & gas and manufacturing.

Market research is segmented based on components, application, deployment type, and region.

Asia Pacific is an emerging growth region, fueled by rapid industrialization, smart factory initiatives, and increasing adoption of predictive maintenance practices.

1.Executive Summary
2.Global Machine Condition Monitoring Market Introduction 
2.1.Global Machine Condition Monitoring Market  - Taxonomy
2.2.Global Machine Condition Monitoring Market  - Definitions
2.2.1.Components
2.2.2.Application
2.2.3.Deployment Mode
2.2.4.Region
3.Global Machine Condition Monitoring Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Machine Condition Monitoring Market Analysis, 2020 - 2024 and Forecast 2025 - 2031
4.1.  Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Machine Condition Monitoring Market  By Components, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
5.1. Hardware
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Portable/Handheld Condition Monitoring Units
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Software Services
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Machine Condition Monitoring Market  By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
6.1. Oil & Gas
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Power Generation
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Metals & Mining, Chemicals
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Automotive, Aerospace & Defence
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Food & Beverages
6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7.Global Machine Condition Monitoring Market  By Deployment Mode, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
7.1. On-Premises
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Cloud
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
8.Global Machine Condition Monitoring Market  By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Machine Condition Monitoring Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
9.1. Components Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Hardware
9.1.2.Portable/Handheld Condition Monitoring Units
9.1.3.Software Services
9.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Oil & Gas
9.2.2.Power Generation
9.2.3.Metals & Mining, Chemicals
9.2.4.Automotive, Aerospace & Defence
9.2.5.Food & Beverages
9.2.6.Others
9.3.  Deployment Mode Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.On-Premises
9.3.2.Cloud
9.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Machine Condition Monitoring Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
10.1. Components Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Hardware
10.1.2.Portable/Handheld Condition Monitoring Units
10.1.3.Software Services
10.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Oil & Gas
10.2.2.Power Generation
10.2.3.Metals & Mining, Chemicals
10.2.4.Automotive, Aerospace & Defence
10.2.5.Food & Beverages
10.2.6.Others
10.3.  Deployment Mode Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.On-Premises
10.3.2.Cloud
10.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Machine Condition Monitoring Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
11.1. Components Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Hardware
11.1.2.Portable/Handheld Condition Monitoring Units
11.1.3.Software Services
11.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Oil & Gas
11.2.2.Power Generation
11.2.3.Metals & Mining, Chemicals
11.2.4.Automotive, Aerospace & Defence
11.2.5.Food & Beverages
11.2.6.Others
11.3.  Deployment Mode Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.On-Premises
11.3.2.Cloud
11.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Machine Condition Monitoring Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
12.1. Components Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Hardware
12.1.2.Portable/Handheld Condition Monitoring Units
12.1.3.Software Services
12.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Oil & Gas
12.2.2.Power Generation
12.2.3.Metals & Mining, Chemicals
12.2.4.Automotive, Aerospace & Defence
12.2.5.Food & Beverages
12.2.6.Others
12.3.  Deployment Mode Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.On-Premises
12.3.2.Cloud
12.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Machine Condition Monitoring Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
13.1. Components Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Hardware
13.1.2.Portable/Handheld Condition Monitoring Units
13.1.3.Software Services
13.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Oil & Gas
13.2.2.Power Generation
13.2.3.Metals & Mining, Chemicals
13.2.4.Automotive, Aerospace & Defence
13.2.5.Food & Beverages
13.2.6.Others
13.3.  Deployment Mode Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.On-Premises
13.3.2.Cloud
13.4.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.ALS
14.2.2.Emerson Electric Co.
14.2.3.General Electric
14.2.4.Honeywell International Inc.
14.2.5.Megget PLC
14.2.6.NATIONAL INSTRUMENTS CORP
14.2.7.Parker HannifinRockwell Automation, Inc.
14.2.8.SKF
14.2.9.Schaeffler AG
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • ALS
  • Emerson Electric Co.
  • General Electric
  • Honeywell International Inc.
  • Megget PLC
  • NATIONAL INSTRUMENTS CORP
  • Parker HannifinRockwell Automation, Inc.
  • SKF
  • Schaeffler AG

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