Global Machine Condition Monitoring Market, By Monitoring Type, 2018-2027

Growth Outlook

• The 2027 portion of the Global Machine Condition Monitoring Market, By Monitoring Type, 2018 market is on a steady long-term growth path. Segment value stands at roughly USD 5561 Mn in 2026 and is projected to reach USD 0 Mn by CAGR % (2021-2027) — a gain of about -100% over the forecast period, translating to a CAGR in the double digits.
• Of the 7 groups compared here, Vibration Monitoring is out front by 2027 at 925. 70M USD — 25% of the group total.
• What the regional split looks like (2026): 2018 leads, holding roughly 36% of segment value — the single largest regional share. Vibration Monitoring is the second-largest contributor. Thermography, Corrosion Monitoring, Motor Current Analysis, Ultrasound Emission Monitoring, Oil Analysis and Others make up the remainder, in descending order.
• By CAGR % (2021-2027), Motor Current Analysis alone is expected to reach USD 0 Mn, with Vibration Monitoring at USD 0 Mn.

Market Dynamics

Of the 7 groups compared here, Vibration Monitoring is out front by 2027 at 925.70M USD — 25% of the group total.

Second place: Thermography, 741.20M USD, trailing Vibration Monitoring by 20%.

Vibration Monitoring climbs from 568.60M USD (2018) to 925.70M USD (2027), a 63% gain.

Thermography grows to 741.20M USD by 2027, from 460.50M USD in 2018 — 61% up.

Corrosion Monitoring: 387.70M USD to 590.40M USD, 52% higher by 2027.

Motor Current Analysis: up 69% over the period, 348.30M USD to 587.00M USD.

Ultrasound Emission Monitoring: 257.10M USD in 2018 to 375.30M USD by 2027, up 46%.

Oil Analysis: up 45% over the period, 248.90M USD to 360.10M USD.

Motor Current Analysis outpaces every other series here, 69% growth — worth watching even if it is not the biggest in absolute terms yet.

Add every series together and the total reaches 3.77B USD by 2027, 57% above the 2018 combined figure of 2.41B USD.

Reading A Multi-Series Chart

This is a comparison chart, 7 groups at once — the interesting question is usually how the gap between them changes, not the value of any single group in isolation.

Size and growth rate are two different questions here — a series can be small in absolute terms and still be growing the fastest of the group. Check both before drawing a conclusion.

The most practical way to read this is relative: set the Global Machine Condition Monitoring market figures beside other regions or segments of the same market to see where growth is concentrated.

This is a market research forecast, not an official statistic. Values after the 2018 base year are modeled projections to 2027, based on supply-side and demand-side analysis, and are updated when market conditions change.