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North America Equipment Monitoring Market Size, Share & Industry Analysis Report By Deployment Type (On-Premise and Cloud), By Monitoring Type (Vibration Monitoring, Thermal Monitoring, Lubrication Monitoring, Motor Current Monitoring, Corrosion Monitorin

Publisher Knowledge Based Value (KBV) Research
Published Mar 10, 2026
Length 192 Pages
SKU # KBV21035819

Description

The North America Equipment Monitoring Market is expected to reach $1.33 billion by 2027 and would witness market growth of 5.0% CAGR during the forecast period (2025-2032).

The US market dominated the North America Equipment Monitoring Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $1,247.2 million by 2032. The Canada market is experiencing a CAGR of 7% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 6.4% during (2025 - 2032). The US and Canada led the North America Pepperoni Foods Market by Country with a market share of 75.2% and 12.3% in 2024.

In North America, equipment monitoring has changed from manual checks to real-time condition monitoring made possible by IIoT sensors, edge computing, and cloud-based analytics. Industries such as manufacturing, energy, aerospace, and utilities utilize digital platforms to identify early signs of equipment wear and tear. They put uptime, operational efficiency, and predictive maintenance at the top of their lists. Key OEMs, such as Siemens with its SITRANS SCM IQ and Honeywell, offer integrated solutions that combine accurate sensors, AI-driven analytics, and remote monitoring capabilities. These solutions enable proactive maintenance, centralized diagnostics, and informed decision-making. This move to digital fits in with larger plans for Industry 4.0 and the modernization of industry as a whole. It helps operations that are based on data and cuts down on downtime that isn't planned.

The North American market puts a lot of emphasis on combining sensor technologies with industrial automation platforms. This lets you see real-time data on things like temperature, vibration, pressure, and motion. Remote monitoring of multiple facilities makes operations more open, safer for workers, and more responsive, especially in industries with assets spread out over a large area. OEMs use a mix of product innovation, analytics integration, and service-based solutions to create offerings that focus on outcomes and generate recurring revenue streams. The ability to provide predictive insights, domain-specific solutions, and complete monitoring ecosystems that boost equipment performance, reliability, and strategic asset management drives competition.

Deployment Type Outlook

Based on Deployment Type, the market is segmented into On-Premise and Cloud. With a compound annual growth rate (CAGR) of 6% over the projection period, the On-Premise Market, dominate the Mexico Equipment Monitoring Market by Deployment Type in 2024 and would be a prominent market until 2032. The Cloud market is expected to witness a CAGR of 7.1% during (2025 - 2032).

Monitoring Type Outlook

Based on Monitoring Type, the market is segmented into Vibration Monitoring, Thermal Monitoring, Lubrication Monitoring, Motor Current Monitoring, Corrosion Monitoring, Noise & Alarm Monitoring and Other Monitoring Type. Among various Canada Equipment Monitoring Market by Monitoring Type; The Vibration Monitoring market achieved a market size of USD $52.9 Million in 2024 and is expected to grow at a CAGR of 6.2 % during the forecast period. The Corrosion Monitoring market is predicted to experience a CAGR of 7.5% throughout the forecast period from (2025 - 2032).

Country Outlook

The United States Equipment Monitoring Market is one of the most digitally advanced industrial ecosystems in the world. This is because condition monitoring, predictive maintenance, IIoT sensors, and cloud-based asset performance platforms are widely used in the manufacturing, energy, oil and gas, aerospace, utilities, and transportation sectors. Some of the main reasons for this are the aging industrial infrastructure, the high costs of unplanned downtime, and the rise of shale oil and LNG operations. At the same time, federal programs and rules from agencies like NIST and the DOE encourage monitoring solutions that are safe, energy-efficient, and easy to scale. Market trends show that edge computing, AI-enabled diagnostics, 5G-enabled real-time data transmission, and monitoring for carbon tracking and emissions optimization that focuses on sustainability are all coming together. In the competitive landscape, there are big domestic OEMs and automation companies like GE Digital, Emerson, Honeywell, Rockwell Automation, and Siemens, as well as new AI-based startups. The U.S. is still the world leader in equipment monitoring innovation because it keeps investing in digitalization, AI, machine learning, and digital twins.

List of Key Companies Profiled
  • Emerson Electric Co.
  • General Electric Company
  • Honeywell International, Inc.
  • Parker Hannifin Corporation
  • Rockwell Automation, Inc.
  • Siemens AG
  • Yokogawa Electric Corporation
  • Schneider Electric SE
  • SKF Group
  • Schaeffler AG
North America Equipment Monitoring Market Report Segmentation

By Deployment Type
  • On-Premise
  • Cloud
By Monitoring Type
  • Vibration Monitoring
  • Thermal Monitoring
  • Lubrication Monitoring
  • Motor Current Monitoring
  • Corrosion Monitoring
  • Noise & Alarm Monitoring
  • Other Monitoring Type
By End-User
  • Oil & Gas
  • Power & Energy
  • Automotive
  • Aerospace & Defense
  • Metals & Mining
  • Food & Beverages
  • Chemicals
  • Other End-User
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

192 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Equipment Monitoring Market, by Deployment Type
1.4.2 North America Equipment Monitoring Market, by Monitoring Type
1.4.3 North America Equipment Monitoring Market, by End-User
1.4.4 North America Equipment Monitoring Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Market Trends
Chapter 5. State of Competition
Chapter 6. Market Consolidation
Chapter 7. Key Customer Criteria
Chapter 8. Product Life Cycle
Chapter 9. Value Chain Analysis of Equipment Monitoring Market
Chapter 10. Competition Analysis - Global
10.1 KBV Cardinal Matrix
10.2 Recent Industry Wide Strategic Developments
10.2.1 Partnerships, Collaborations and Agreements
10.2.2 Product Launches and Product Expansions
10.2.3 Acquisition and Mergers
10.3 Market Share Analysis, 2024
10.4 Top Winning Strategies
10.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
10.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Jan – 2025, Apr) Leading Players
10.5 Porter Five Forces Analysis
Chapter 11. North America Equipment Monitoring Market by Deployment Type
11.1 North America On-Premise Market by Country
11.2 North America Cloud Market by Country
Chapter 12. North America Equipment Monitoring Market by Monitoring Type
12.1 North America Vibration Monitoring Market by Country
12.2 North America Thermal Monitoring Market by Country
12.3 North America Lubrication Monitoring Market by Country
12.4 North America Motor Current Monitoring Market by Country
12.5 North America Corrosion Monitoring Market by Country
12.6 North America Noise & Alarm Monitoring Market by Country
12.7 North America Other Monitoring Type Market by Country
Chapter 13. North America Equipment Monitoring Market by End-User
13.1 North America Oil & Gas Market by Country
13.2 North America Power & Energy Market by Country
13.3 North America Automotive Market by Country
13.4 North America Aerospace & Defense Market by Country
13.5 North America Metals & Mining Market by Country
13.6 North America Food & Beverages Market by Country
13.7 North America Chemicals Market by Country
13.8 North America Other End-User Market by Country
Chapter 14. North America Equipment Monitoring Market by Country
14.1 US Equipment Monitoring Market
14.1.1 US Equipment Monitoring Market by Deployment Type
14.1.2 US Equipment Monitoring Market by Monitoring Type
14.1.3 US Equipment Monitoring Market by End-User
14.2 Canada Equipment Monitoring Market
14.2.1 Canada Equipment Monitoring Market by Deployment Type
14.2.2 Canada Equipment Monitoring Market by Monitoring Type
14.2.3 Canada Equipment Monitoring Market by End-User
14.3 Mexico Equipment Monitoring Market
14.3.1 Mexico Equipment Monitoring Market by Deployment Type
14.3.2 Mexico Equipment Monitoring Market by Monitoring Type
14.3.3 Mexico Equipment Monitoring Market by End-User
14.4 Rest of North America Equipment Monitoring Market
14.4.1 Rest of North America Equipment Monitoring Market by Deployment Type
14.4.2 Rest of North America Equipment Monitoring Market by Monitoring Type
14.4.3 Rest of North America Equipment Monitoring Market by End-User
Chapter 15. Company Profiles
15.1 Emerson Electric Co.
15.1.1 Company Overview
15.1.2 Financial Analysis
15.1.3 Segmental and Regional Analysis
15.1.4 Research & Development Expense
15.1.5 Recent strategies and developments:
15.1.5.1 Partnerships, Collaborations, and Agreements:
15.1.5.2 Product Launches and Product Expansions:
15.1.6 SWOT Analysis
15.2 General Electric Company
15.2.1 Company Overview
15.2.2 Financial Analysis
15.2.3 Segmental and Regional Analysis
15.2.4 Research & Development Expense
15.2.5 SWOT Analysis
15.3 Honeywell International, Inc.
15.3.1 Company Overview
15.3.2 Financial Analysis
15.3.3 Segmental and Regional Analysis
15.3.4 Research & Development Expenses
15.3.5 Recent strategies and developments:
15.3.5.1 Partnerships, Collaborations, and Agreements:
15.3.5.2 Product Launches and Product Expansions:
15.3.6 SWOT Analysis
15.4 Parker Hannifin Corporation
15.4.1 Company Overview
15.4.2 Financial Analysis
15.4.3 Segmental and Regional Analysis
15.4.4 Research & Development Expenses
15.4.5 Recent strategies and developments:
15.4.5.1 Product Launches and Product Expansions:
15.4.6 SWOT Analysis
15.5 Rockwell Automation, Inc.
15.5.1 Company Overview
15.5.2 Financial Analysis
15.5.3 Segmental and Regional Analysis
15.5.4 Research & Development Expenses
15.5.5 Recent strategies and developments:
15.5.5.1 Partnerships, Collaborations, and Agreements:
15.5.5.2 Product Launches and Product Expansions:
15.5.6 SWOT Analysis
15.6 Siemens AG
15.6.1 Company Overview
15.6.2 Financial Analysis
15.6.3 Segmental and Regional Analysis
15.6.4 Research & Development Expense
15.6.5 Recent strategies and developments:
15.6.5.1 Product Launches and Product Expansions:
15.6.6 SWOT Analysis
15.7 Yokogawa Electric Corporation
15.7.1 Company Overview
15.7.2 Financial Analysis
15.7.3 Segmental and Regional Analysis
15.7.4 Research & Development Expenses
15.7.5 Recent strategies and developments:
15.7.5.1 Product Launches and Product Expansions:
15.7.6 SWOT Analysis
15.8 Schneider Electric SE
15.8.1 Company Overview
15.8.2 Financial Analysis
15.8.3 Segmental and Regional Analysis
15.8.4 Research & Development Expense
15.8.5 Recent strategies and developments:
15.8.5.1 Product Launches and Product Expansions:
15.8.5.2 Acquisition and Mergers:
15.8.6 SWOT Analysis
15.9 SKF Group
15.9.1 Company Overview
15.9.2 Financial Analysis
15.9.3 Segmental and Regional Analysis
15.9.4 Research & Development Expenses
15.9.5 Recent strategies and developments:
15.9.5.1 Partnerships, Collaborations, and Agreements:
15.9.5.2 Product Launches and Product Expansions:
15.9.6 SWOT Analysis
15.1 Schaeffler AG
15.10.1 Company Overview
15.10.2 Financial Analysis
15.10.3 Segmental and Regional Analysis
15.10.4 Research & Development Expenses
15.10.5 Recent strategies and developments:
15.10.5.1 Product Launches and Product Expansions:
15.10.6 SWOT Analysis

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