Motor Monitoring Market Size To Reach $3.99 Billion By 2030

Motor Monitoring Market Growth & Trends

The global motor monitoring market size is expected to reach USD 3.99 billion by 2030, registering a CAGR of 8.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Energy costs are a major part of operating expenditures of any facility, and motors account for the majority of those expenses. Monitoring motor performance helps in extending the life of the motor, improving reliability, and reducing the facility’s overall operating cost. Moreover, monitoring motor performance with highly trained workers using advanced equipment enables facilities to dictate their own downtime, improve plant operations, and identify poorly functioning equipment quickly. All these factors are anticipated to drive the market over the forecast period.

Motor monitoring is the collection, sorting, and analysing of streamed data with the help of detectors, sensors, diagnostic software and so on and has its application in several industry verticals including oil & gas, power generation, aerospace & defense, automotive, and others. Motor monitoring cannot be done properly through manual methods, as it leads to unanticipated outages, failures and unexpected financial losses. Motor monitoring systems help record the undesired changes at an early stage, and are then rectified by the analysis. Therefore, these systems are being extensively used for improving the overall productivity of the organization.

The market is highly influenced by several factors including increasing prominence of predictive maintenance and rising demand to minimise revenue loss caused due to motor faults. Rising popularity of wireless technologies across various sectors, such as manufacturing, is also contributing to the market growth. In addition, adoption of cloud computing platform is also anticipated to leverage huge growth opportunity for the market over the forecast period.

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Motor Monitoring Market Report Highlights

• The hardware segment led the market in 2024, accounting for 59.1% of the total revenue share. The software segment is also anticipated to register considerable growth during the foreseeable years.

• The cloud process segment had the largest market share in 2024. On-premise monitoring processes are expected to register significant growth over the forecast period.

• The online segment dominated the market with a revenue share of 59.0% in 2024. Portable monitoring is anticipated to witness significant growth from 2025-2030.

• The oil and gas segment held the largest market share in 2024. Power generation is anticipated to grow at the fastest CAGR over the forecast period.

• Asia Pacific dominated the global motor monitoring industry with a revenue share of 35.1% in 2024. China dominated the regional market in 2024. China is the world’s biggest manufacturer, making up approximately 28% of the global manufacturing sector.

Motor Monitoring Market Segmentation

Grand View Research has segmented global motor monitoring market report based on offerings, process, deployment, end use, and region:

Motor Monitoring Offerings Outlook (Revenue, USD Million, 2018 - 2030)

• Software

• Hardware

Motor Monitoring Process Outlook (Revenue, USD Million, 2018 - 2030)

• On-premise

• Cloud

Motor Monitoring Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Portable

• Online

Motor Monitoring End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Oil and Gas

• Automotive & Transportation

• Power Generation

• Metals and Mining

• Aerospace and Defense

• Others

Motor Monitoring Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Motor Monitoring Market

• Emerson Electric Co.

• ABB

• General Electric Company

• Siemens

• Honeywell International Inc.

• Schneider Electric

• Banner Engineering Corp.

• Wilson Transformer Company

• SKF

• Rockwell Automation

• Mitsubishi Electric Corporation

• Eaton