| Study Period | 2019 - 2032 |
| Market Size in 2024 | USD 2512.9 Million |
| Market Size in 2025 | USD 2681.3 Million |
| Market Size by 2032 | USD 4497.9 Million |
| Projected CAGR | 8% |
| Largest Region | North America |
| Fastest Growing Region | APAC |
| Market Structure | Fragmented |
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The motor monitoring market size was USD 2,512.9 million in 2024, and the market size is predicted to reach USD 4497.9 million by 2032, advancing at a CAGR of 8% during 2025–2032.
This market is driven by the need for real-time access to current, vibration, and temperature data from any location in a facility, at any time. Condition inspection with wireless IoT sensors and cloud-based software empowers industry professionals to anticipate equipment issues and prevent downtime. The market is, therefore, being driven by the rising demand for predictive maintenance and the fact that the process can be enhanced with proper analytics. The significant damage that can be caused by the failure of even one motor drives the focus on electric motor monitoring.
Rule-based predictive maintenance uses sensors to continuously gather data about assets and delivers alerts in accordance with predefined rules, such as when a predetermined threshold has been achieved. Product teams collaborate with engineering and customer service departments, using rule-based analytics, to identify the causes or contributing elements for equipment malfunction. Therefore, the market is driven by the rampant integration of industrial IoT technologies.
Additionally, about 45% of the power generated worldwide is consumed by electric motors and drives. However, if the electrical equipment is not well maintained, it can consume 5% to 10% more power, which has an impact on output and income. With automatic abnormal condition detection and data transmission to the server in microseconds, wireless systems can capture machine parameters more precisely.
The hardware category held the largest market share, of 60%, in 2024, and it will grow at the highest CAGR, approx. of 8.1%, during the forecast period. This is because vibration sensors, infrared sensors, and spectrum analyzers are essential tools that physically detect problems in motors. Each machine or motor needs a large set of different sensors and devices, and because motors are used in many industries, such as manufacturing, oil & gas, power, and HVAC, the need for hardware is high. Moreover, the growing demand for predictive maintenance prompts businesses to stop equipment failures before happening via early issue detection with sensors and monitoring devices.
The offerings analyzed here are:
The on-premises category held the larger market share, of 75%, in 2024, this is because the conventional method for integrating motor tracking solutions across an organization is on-premises. Manufacturing sites and other businesses choose on-premises solutions as they allow for total control over the data and ensure its privacy. Other advantages of on-premises software are improved system management and reduced dependence on external elements, such as networks, as the hardware, data, and software platforms are completely owned and managed by the business.
As a result, on-premises deployment has a higher likelihood of data security than cloud storage. Therefore, one of the main motivations pushing industries toward the adoption of on-premises motor monitoring software is the need for complete control over critical data.
The cloud category will grow at the higher CAGR, approx. of 7.9%, during the forecast period. This is because cloud-based solutions let users access motor data remotely from anywhere, making it easier to monitor in real-time and make quick decisions. They lower the need for large upfront investments in hardware and IT setup, helping organizations save money overall.
The deployment analyzed here are:
The online category held the larger market share, of 70%, in 2024, and it will grow at the higher CAGR, during the forecast period. This is because online motor monitoring systems continuously check motor conditions using sensors that detect vibrations, temperature, and other parameters. They help identify problems such as bearing wear, misalignment, and imbalance early on, allowing for timely maintenance. These systems can be added to existing equipment without interrupting operations, making them efficient for ongoing monitoring.
The monitoring processes analyzed here is:
The oil & gas category will grow at the higher CAGR, approx. of 8.5%, during the forecast period, this is because some of the most-intricate systems used in industrial production today are deployed at oil & gas facilities. In addition to this, there could be substantial financial and environmental repercussions if a sudden breakdown manifests itself as misalignment, loosening, disbalance, or bearing wear. Induction motors are a key piece of equipment in the oil & gas sector due to their adaptability and durability. They play a crucial role in providing rotational power, which many different systems, both big and small, within an oil or gas refinery need.
Additionally, the oil & gas sector has been a pioneer in the application of predictive maintenance technologies, in its quest for enhanced asset performance, for a long time. An IEEE 802.15.4-based wireless sensor network is used to carry out remote motor condition monitoring. The deployed network synchronizes several sensor nodes with the coordination node, using the beacon-enabled mode, and the guaranteed time slot mechanism offers data management with a fixed latency.
The end users analyzed here is:
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North America held the largest market share, of 45%, in 2024, because the U.S. has a well-established industrial sector, including manufacturing, oil & gas, automotive, aerospace, and energy. These companies depend heavily on motors, making advanced monitoring solutions essential to prevent downtime and enhance performance. North America’s widespread adoption of industrial internet of things (IIoT) technologies enable real-time motor condition monitoring through sensors, data analytics, and AI.
The APAC region will grow at a higher CAGR, of 8.4%, during the forecast period. This is because China and India are experiencing rapid industrial growth, with a significant increase in manufacturing activities and a strong focus on energy efficiency and predictive maintenance.
Moreover, due to its vast population and status as one of the world's major manufacturing hubs, China has experienced a vast increase in investments in both the infrastructure and power sectors. The Chinese government previously committed USD 78 billion for the construction of 110 nuclear power reactors, with operations set to begin by 2030. Such initiatives are expected to increase the usage of cutting-edge technologies, such as vibration sensors, in order to support condition-based motor monitoring.
Additionally, despite the decline in hydrocarbon energy prices, NOCs, such as CNPC, in China are strongly encouraged to continue focusing on oil & gas exploration, to achieve energy self-sufficiency. In order to monitor and facilitate the maintenance of E&P equipment, the demand for machine condition monitoring systems will continue being significant. China has the largest known shale oil and gas deposits in the world, and it is concentrating on harnessing them through joint ventures with oil and gas corporations.
The regions analyzed in this report are:
The motor monitoring market is fragmented in nature because it consists of a wide variety of players from large multinational corporations to smaller regional and specialized companies. The diversity of applications across sectors including manufacturing, oil & gas, energy, water treatment, and mining, each with specific operational needs, enables the entry of new companies with customized solutions. Another factor behind this is the rapid advancements in technologies, such as IoT, AI, and predictive maintenance. Moreover, companies do not generally offer everything; some offer hardware, while others specialize in software. The presence of a large number of professional and managed IT service providers further ensures that no company has any dominance.
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