Motor Monitoring Market Report 2026

The motor monitoring market size has grown strongly in recent years. It will grow from $2.59 billion in 2025 to $2.8 billion in 2026 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to industrial automation adoption, equipment downtime reduction needs, sensor cost reduction, early condition monitoring tools, maintenance cost optimization.

The motor monitoring market size is expected to see strong growth in the next few years. It will grow to $3.85 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to AI driven failure prediction, expansion of smart factories, cloud monitoring platforms, rising energy efficiency regulations, asset lifecycle management demand. Major trends in the forecast period include predictive maintenance systems, real time condition monitoring, sensor based diagnostics, remote asset monitoring, energy efficiency optimization.

The increasing adoption of cloud computing is anticipated to drive the growth of the motor monitoring market in the coming years. Cloud computing involves the provision of a wide range of computing services, including storage, processing capabilities, databases, networking, and software applications, through the internet. Deploying motor monitoring solutions on cloud-based platforms enables remote monitoring, diagnostics, and control, allowing organizations to gain actionable insights to proactively resolve issues, minimize downtime, and enhance the overall efficiency and service life of motors. For example, in June 2024, according to International Data Corporation (IDC), a U.S.-based information technology company, global public cloud services revenue reached US $669.2 billion in 2023, reflecting a 19.9% increase compared to 2022. As a result, the expanding adoption of cloud computing is contributing to the growth of the motor monitoring market going forward.

Leading companies operating in the motor monitoring market are concentrating on the development of new products, such as advanced motor condition monitoring device series, designed to track the performance of servomotors with frequent speed variations and motors subjected to rapidly changing loads. Advanced motor condition monitoring devices refer to sophisticated tools and systems used to monitor and analyze the operational condition of electric motors. For instance, in October 2023, Sumitomo Drive Technologies, a Japan-based provider of industrial drive solutions, launched the “Eye” series condition monitoring system (CMS), which includes “Eye Clean,” “Eye Connect,” and “Eye Complete.” This system facilitates real-time monitoring of critical parameters such as vibration, oil cleanliness, wear particles, water content, and oil temperature through plug-and-play sensors and cloud-based dashboards. It also incorporates predictive maintenance features that deliver early alerts of potential component failures, thereby improving system reliability and uptime. This development underscores the market’s transition toward integrated, multi-parameter monitoring solutions that improve operational efficiency and extend equipment lifespan.

In April 2023, Emerson Electric Co., a U.S.-based company specializing in industrial automation, process control systems, and software-enabled solutions, acquired National Instruments (NI) for USD 8.2 billion. Through this acquisition, Emerson aims to strengthen its motor monitoring and automation portfolio by incorporating NI’s software-connected automated test and measurement systems, expanding its presence in high-growth end markets and reinforcing its predictive maintenance and condition monitoring capabilities. National Instruments (NI) is a U.S.-based provider of automated test and measurement systems, controls, and intelligent devices serving the semiconductor, electronics, transportation, aerospace, and defense sectors.

Major companies operating in the motor monitoring market are ABB Ltd.; General Electric Company; Siemens AG; Honeywell International Inc.; Schneider Electric SE; Banner Engineering Corp.; National Instruments Corp.; AB SKF; Emerson Electric Co.; Rockwell Automation Inc.; Mitsubishi Electric Corporation; Eaton Corporation plc; WEG Group; KCF Technologies Inc.; Advantech Co. Ltd; Dynapar Corporation; Phoenix Contact GmbH & Co. KG; Parker Hannifin Corporation; Analog Devices Inc.; Texas Instruments Incorporated; STMicroelectronics N.V.; NXP Semiconductors N.V.; Infineon Technologies AG; Renesas Electronics Corporation; Maxim Integrated Products Inc.; ON Semiconductor Corporation; Microchip Technology Inc.; Broadcom Inc.; TE Connectivity Ltd.; Mouser Electronics Inc.; Amphenol Corporation; RS Components Ltd.; Vishay Intertechnology Inc.; Murata Manufacturing Co.Ltd.; Panasonic Corporation.

North America was the largest region in the motor monitoring market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global motor monitoring market during the forecast period. The regions covered in the motor monitoring market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the motor monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Tariffs have impacted the motor monitoring market by increasing costs for imported sensors, monitoring hardware, and electronic components. These increases have affected industrial users in automotive, oil and gas, and power generation sectors, particularly in regions dependent on imported equipment. Budget constraints have slowed hardware upgrades in developing economies. However, tariffs have encouraged local manufacturing of sensors and devices. This trend is strengthening domestic supply chains and supporting regional service providers.

The motor monitoring market research report is one of a series of new reports that provides motor monitoring market statistics, including motor monitoring industry global market size, regional shares, competitors with a motor monitoring market share, detailed motor monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the motor monitoring industry. This motor monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Motor monitoring is a preventive maintenance procedure utilized for electric motors across a range of machinery, including rotating equipment and auxiliary systems such as motors, pumps, and presses.

The primary components of motor monitoring include hardware, software, and services. Hardware refers to tangible parts housing circuit boards or integrated circuits, used to assess equipment condition and anticipate potential breakdowns. These monitoring solutions can be deployed on-premises or on cloud-based platforms. The monitoring process involves various techniques such as oil analysis, motor current analysis, ultrasound, thermography, vibration analysis, and other methodologies. These are employed across diverse industries including automotive, oil and gas, metals and mining, power generation, water and wastewater treatment, food and beverages, chemicals, among others, catering to their specific monitoring needs.

The motor monitoring market consists of revenues earned by entities by providing motor monitoring services such as monitoring rotor flux, vibration, and shaft voltage monitoring services. The market value includes the value of related goods sold by the service provider or included within the service offering. The motor monitoring market also includes sales of vibration sensors, ultrasound detectors, corrosion probes, and infrared sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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