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“Machine Condition Monitoring Market”
[293 Pages] Machine Condition Monitoring Market categorizes the Global market by Monitoring Technique (Vibration Monitoring, Oil Analysis, Corrosion Monitoring), Monitoring Process, Deployment Type, Offering, Industry, and Region. COVID-19 Impact on Machine Condition Monitoring.
According to the new market research report
“Machine Condition Monitoring Market with COVID-19 Impact Analysis, by Monitoring Technique (Vibration Monitoring, Oil Analysis, Corrosion Monitoring), Monitoring Process, Deployment Type, Offering, Industry, and Region – Global Forecast to 2026″, the global machine condition monitoring market size is projected to grow from USD 2.6 billion in 2021 to USD 3.6 billion by 2026; it is expected to grow at a CAGR of 7.1% from 2021 to 2026. The growth of the machine condition monitoring market is majorly driven by significance of remote operations owing to spread of COVID-19, advent of secure cloud computing platforms used for machine condition monitoring, adoption of wireless communication technology in machine condition monitoring, inclination toward predictive maintenance of industrial machinery, and deployment of automated condition monitoring technologies in smart factories.