Motor Monitoring Market to Reach $3.5B by 2028, Driven by Industry 4.0 and Predictive Maintenance Needs
- Motor Monitoring Market worth $3.5 billion by 2028, growing at a CAGR of 8.7%
- Market driven by increasing adoption of industry 4.0 and need for predictive maintenance
- Asia Pacific is the largest geographic market
- Hardware is the largest offering segment
- Online monitoring process expected to see the fastest growth