Machine Condition Monitoring Market Size Is Set To Grow By Usd 1.26 Mn From 2024-2028, Wireless Communication Gaining Momentum In Industries To Boost The Market Growth, Technavio

The global machine condition monitoring market is expected to grow at a CAGR of 7.41% from 2024-2028, driven by the adoption of smart sensors and wireless communication in various industries. Key players in the market include AB SKF, Honeywell, and National Instruments, who are investing in advanced sensor technology for machine monitoring applications. The market is also seeing growth due to the focus on IoT and predictive maintenance.