Machine Condition Monitoring Sensors Market: Key Findings Machine condition monitoring sensors market value to grow by USD 334.41 million at over 4% CAGR during 2020-2024 Based on the end-user, the oil and gas segment will offer maximum opportunities for vendors during the forecast period Based on the geography, The machine condition monitoring sensors market is expected to have a negative impact due to the spread of COVID-19 Machine Condition Monitoring Sensors Market: Growth Drivers The rise in demand for wireless vibration sensors is one of the prime factors driving the growth of the market. End-users in the market are exhibiting high demand for wireless vibration sensors owing to their cost-effectiveness as they eliminate the need for laying cables and wires. They are also capable of operating in remote and hazardous environments. This improves productivity and ensures the safety of both humans and machines. Many such benefits are driving the demand for wireless vibration sensors, which, in turn, is driving the growth of the market.