The motor monitoring market is anticipated to reach USD 3,916 million by 2030, expanding at a CAGR of 7.7% from 2024 to 2030. This growth is driven by the increasing demand for predictive maintenance and the enhancement of procedures through advanced analytics. The focus on electric motor monitoring is underscored by the significant potential damage that can arise from the failure of a single motor.
In 2022, the on-premises deployment category dominated the motor monitoring sector, capturing a 6
