The global vibration monitoring market, valued at USD 1.47 billion in 2022, is forecasted to expand to USD 2.66 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The increasing adoption of predictive maintenance practices and advancements in Industry 4.0 technologies are key factors driving demand for vibration monitoring solutions.
Vibration monitoring systems are widely used across various industries to detect equipment faults early, reduce downtime, and improve operational efficiency. As industries continue to emphasize automation and smart manufacturing, the integration of vibration monitoring with digital platforms is becoming more prevalent, further supporting market growth.
**Why this matters**
Vibration monitoring plays a critical role in maintaining industrial equipment and preventing unexpected failures. The market’s steady growth highlights the increasing importance of predictive maintenance and digital transformation in industrial operations. This trend is expected to enhance productivity and reduce maintenance costs across multiple sectors.
Source: NewsData