Energy Infrastructure Condition Monitoring Market Forecasts to 2034 – Global Analysis By Product Type (Online Monitoring Systems, Portable Diagnostic Systems, Predictive Maintenance Solutions and Asset Health Management Platforms), Component, Deployment A
Description
According to Stratistics MRC, the Global Energy Infrastructure Condition Monitoring Market is accounted for $2.1 billion in 2026 and is expected to reach $7.1 billion by 2034 growing at a CAGR of 16.7 % during the forecast period. Energy Infrastructure Condition Monitoring involves continuous assessment of power assets such as transformers, cables, substations, and pipelines. Using sensors, IoT devices, and predictive analytics, it tracks parameters like temperature, vibration, and electrical performance to detect early signs of wear or failure. This proactive approach reduces maintenance costs, prevents outages, and extends asset lifespans. Condition monitoring is vital for modern grids, enabling utilities to ensure safety, reliability, and efficiency while integrating renewable energy and distributed resources.
Market Dynamics:
Driver:
Need for predictive asset maintenance
Energy infrastructure operators are increasingly prioritizing predictive asset maintenance to reduce unplanned outages and extend equipment lifespan. Aging power grids, renewable assets, and oil & gas infrastructure require continuous condition assessment to ensure operational reliability. Condition monitoring solutions enable early fault detection, performance optimization, and lifecycle cost reduction. As utilities and industrial operators face rising reliability expectations and regulatory scrutiny, investment in real-time monitoring technologies becomes critical. This demand strengthens adoption across generation, transmission, distribution, and renewable energy infrastructure assets.
Restraint:
High deployment and monitoring costs
High deployment and ongoing monitoring costs remain a significant restraint for the energy infrastructure condition monitoring market. Installation of advanced sensors, communication networks, and analytics platforms requires substantial upfront capital investment. Smaller utilities and asset owners often face budget constraints, limiting large-scale implementation. Additionally, maintenance of monitoring hardware, calibration requirements, and skilled workforce needs increase operational expenses. These cost-related challenges can delay adoption, particularly in developing regions or for standard infrastructure assets with lower perceived criticality.
Opportunity:
AI-driven asset health analytics
AI-driven asset health analytics present a strong growth opportunity for energy infrastructure condition monitoring solutions. Advanced analytics enable predictive failure modeling, anomaly detection, and remaining useful life estimation for critical assets. Integration of machine learning algorithms enhances data interpretation accuracy and reduces reliance on manual inspections. As digital transformation accelerates across energy infrastructure, AI-based platforms support proactive maintenance strategies and operational efficiency. Increasing availability of cloud-based analytics further expands scalability and adoption potential across diverse infrastructure environments.
Threat:
Data accuracy and sensor failures
Data accuracy issues and sensor failures pose a notable threat to the effectiveness of condition monitoring systems. Inaccurate data inputs caused by sensor drift, calibration errors, or harsh operating environments can compromise analytical outputs. Faulty sensors may generate false alarms or miss early-stage failures, undermining trust in monitoring platforms. Additionally, cybersecurity risks affecting data integrity add complexity to system reliability. These challenges require continuous validation, redundancy strategies, and robust quality assurance measures, increasing system complexity and operational oversight requirements.
Covid-19 Impact:
The COVID-19 pandemic influenced the energy infrastructure condition monitoring market by restricting on-site inspections and delaying installation activities. Travel limitations and workforce shortages disrupted routine maintenance schedules and infrastructure upgrades. However, the crisis highlighted the importance of remote monitoring and digital asset management solutions. Operators increasingly adopted online monitoring systems to maintain visibility without physical presence. Post-pandemic recovery accelerated investments in automation and digital monitoring, reinforcing long-term demand for condition monitoring technologies across energy infrastructure segments.
The online monitoring systems segment is expected to be the largest during the forecast period
The online monitoring systems segment is expected to account for the largest market share during the forecast period, owing to its ability to provide continuous real-time asset performance insights. These systems support early fault detection, condition-based maintenance, and reduced operational downtime. Utilities and industrial operators prefer online solutions for mission-critical assets where reliability is essential. Integration with centralized analytics platforms further enhances decision-making capabilities. The growing emphasis on automation and remote infrastructure management reinforces widespread adoption of online monitoring systems.
The sensors & transmitters segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the sensors & transmitters segment is predicted to witness the highest growth rate, reinforced by expanding monitoring coverage across diverse energy assets. Increasing deployment of advanced temperature, vibration, pressure, and acoustic sensors supports granular data collection. Technological advancements improve sensor durability, accuracy, and wireless connectivity. Rising investments in renewable energy infrastructure and grid modernization further increase sensor demand. As monitoring architectures scale, sensors and transmitters remain foundational components driving market expansion.
Region with largest share:
During the forecast period, North America is expected to hold the largest market share, supported by its extensive aging energy infrastructure and high reliability standards. Fueled by large-scale investments in grid modernization, utilities across the region are increasingly deploying advanced sensors, predictive analytics, and digital monitoring platforms. Strong adoption of IoT, AI-driven diagnostics, and regulatory emphasis on minimizing outages further reinforce market dominance, particularly across power transmission, oil & gas pipelines, and renewable energy assets.
Region with highest CAGR:
Over the forecast period, Asia Pacific is anticipated to exhibit the highest CAGR, driven by rapid expansion of power generation capacity and cross-border transmission networks. Spurred by urbanization, industrial growth, and renewable energy integration, utilities are prioritizing real-time condition monitoring to enhance asset reliability. Rising government investments in smart grids, coupled with increasing deployment of digital substations and advanced monitoring systems in emerging economies, are accelerating adoption and positioning the region as the fastest-growing market.
Key players in the market
Some of the key players in Energy Infrastructure Condition Monitoring Market include Siemens AG, ABB Ltd, General Electric Company, Schneider Electric SE, Emerson Electric Co., Honeywell International Inc., Enel S.p.A., Itron Inc., Mitsubishi Electric Corporation, NextEra Energy Resources, SMA Solar Technology AG, Eaton Corporation plc, Accenture plc, Trimble Inc., Power Factors, LLC, AlsoEnergy, Inc., Greenbyte AB, and Solar-Log GmbH.
Key Developments:
In December 2025, Siemens AG introduced an upgraded condition monitoring offering within its Simatic Edge AI portfolio for energy infrastructure, enhancing real-time diagnostics at substations and grid assets while reducing data overhead and strengthening adaptive maintenance capabilities.
In November 2025, ABB Ltd expanded its condition monitoring production capacity with a USD 150 million investment in Germany and Singapore, aiming to scale advanced industrial IoT sensors for power and energy grid components under harsh operating conditions.
In November 2025, Emerson Electric Co. launched AMS Machine Works v2.1 with enhanced Wi-Fi and edge connectivity for wireless condition monitoring, boosting automated fault detection and scalable diagnostics in energy infrastructure networks.
Product Types Covered:
• Online Monitoring Systems
• Portable Diagnostic Systems
• Predictive Maintenance Solutions
• Asset Health Management Platforms
Components Covered:
• Sensors & Transmitters
• Data Acquisition Units
• Analytics Software
• Communication Networks
Deployment Approachs Covered:
• Continuous Online Monitoring
• Periodic Offline Inspection
• Hybrid Monitoring Systems
Asset Criticalities Covered:
• Mission-Critical Assets
• High-Value Equipment
• Standard Infrastructure
Applications Covered:
• Power Generation Assets
• Transmission & Distribution Assets
• Renewable Energy Infrastructure
• Oil & Gas Energy Assets
End Users Covered:
• Utilities & Energy Providers
• Industrial Energy Operators
• Asset Management Service Providers
• Government & Infrastructure Authorities
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2023, 2024, 2025, 2026, 2027, 2028, 2030, 2032 and 2034
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Market Dynamics:
Driver:
Need for predictive asset maintenance
Energy infrastructure operators are increasingly prioritizing predictive asset maintenance to reduce unplanned outages and extend equipment lifespan. Aging power grids, renewable assets, and oil & gas infrastructure require continuous condition assessment to ensure operational reliability. Condition monitoring solutions enable early fault detection, performance optimization, and lifecycle cost reduction. As utilities and industrial operators face rising reliability expectations and regulatory scrutiny, investment in real-time monitoring technologies becomes critical. This demand strengthens adoption across generation, transmission, distribution, and renewable energy infrastructure assets.
Restraint:
High deployment and monitoring costs
High deployment and ongoing monitoring costs remain a significant restraint for the energy infrastructure condition monitoring market. Installation of advanced sensors, communication networks, and analytics platforms requires substantial upfront capital investment. Smaller utilities and asset owners often face budget constraints, limiting large-scale implementation. Additionally, maintenance of monitoring hardware, calibration requirements, and skilled workforce needs increase operational expenses. These cost-related challenges can delay adoption, particularly in developing regions or for standard infrastructure assets with lower perceived criticality.
Opportunity:
AI-driven asset health analytics
AI-driven asset health analytics present a strong growth opportunity for energy infrastructure condition monitoring solutions. Advanced analytics enable predictive failure modeling, anomaly detection, and remaining useful life estimation for critical assets. Integration of machine learning algorithms enhances data interpretation accuracy and reduces reliance on manual inspections. As digital transformation accelerates across energy infrastructure, AI-based platforms support proactive maintenance strategies and operational efficiency. Increasing availability of cloud-based analytics further expands scalability and adoption potential across diverse infrastructure environments.
Threat:
Data accuracy and sensor failures
Data accuracy issues and sensor failures pose a notable threat to the effectiveness of condition monitoring systems. Inaccurate data inputs caused by sensor drift, calibration errors, or harsh operating environments can compromise analytical outputs. Faulty sensors may generate false alarms or miss early-stage failures, undermining trust in monitoring platforms. Additionally, cybersecurity risks affecting data integrity add complexity to system reliability. These challenges require continuous validation, redundancy strategies, and robust quality assurance measures, increasing system complexity and operational oversight requirements.
Covid-19 Impact:
The COVID-19 pandemic influenced the energy infrastructure condition monitoring market by restricting on-site inspections and delaying installation activities. Travel limitations and workforce shortages disrupted routine maintenance schedules and infrastructure upgrades. However, the crisis highlighted the importance of remote monitoring and digital asset management solutions. Operators increasingly adopted online monitoring systems to maintain visibility without physical presence. Post-pandemic recovery accelerated investments in automation and digital monitoring, reinforcing long-term demand for condition monitoring technologies across energy infrastructure segments.
The online monitoring systems segment is expected to be the largest during the forecast period
The online monitoring systems segment is expected to account for the largest market share during the forecast period, owing to its ability to provide continuous real-time asset performance insights. These systems support early fault detection, condition-based maintenance, and reduced operational downtime. Utilities and industrial operators prefer online solutions for mission-critical assets where reliability is essential. Integration with centralized analytics platforms further enhances decision-making capabilities. The growing emphasis on automation and remote infrastructure management reinforces widespread adoption of online monitoring systems.
The sensors & transmitters segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the sensors & transmitters segment is predicted to witness the highest growth rate, reinforced by expanding monitoring coverage across diverse energy assets. Increasing deployment of advanced temperature, vibration, pressure, and acoustic sensors supports granular data collection. Technological advancements improve sensor durability, accuracy, and wireless connectivity. Rising investments in renewable energy infrastructure and grid modernization further increase sensor demand. As monitoring architectures scale, sensors and transmitters remain foundational components driving market expansion.
Region with largest share:
During the forecast period, North America is expected to hold the largest market share, supported by its extensive aging energy infrastructure and high reliability standards. Fueled by large-scale investments in grid modernization, utilities across the region are increasingly deploying advanced sensors, predictive analytics, and digital monitoring platforms. Strong adoption of IoT, AI-driven diagnostics, and regulatory emphasis on minimizing outages further reinforce market dominance, particularly across power transmission, oil & gas pipelines, and renewable energy assets.
Region with highest CAGR:
Over the forecast period, Asia Pacific is anticipated to exhibit the highest CAGR, driven by rapid expansion of power generation capacity and cross-border transmission networks. Spurred by urbanization, industrial growth, and renewable energy integration, utilities are prioritizing real-time condition monitoring to enhance asset reliability. Rising government investments in smart grids, coupled with increasing deployment of digital substations and advanced monitoring systems in emerging economies, are accelerating adoption and positioning the region as the fastest-growing market.
Key players in the market
Some of the key players in Energy Infrastructure Condition Monitoring Market include Siemens AG, ABB Ltd, General Electric Company, Schneider Electric SE, Emerson Electric Co., Honeywell International Inc., Enel S.p.A., Itron Inc., Mitsubishi Electric Corporation, NextEra Energy Resources, SMA Solar Technology AG, Eaton Corporation plc, Accenture plc, Trimble Inc., Power Factors, LLC, AlsoEnergy, Inc., Greenbyte AB, and Solar-Log GmbH.
Key Developments:
In December 2025, Siemens AG introduced an upgraded condition monitoring offering within its Simatic Edge AI portfolio for energy infrastructure, enhancing real-time diagnostics at substations and grid assets while reducing data overhead and strengthening adaptive maintenance capabilities.
In November 2025, ABB Ltd expanded its condition monitoring production capacity with a USD 150 million investment in Germany and Singapore, aiming to scale advanced industrial IoT sensors for power and energy grid components under harsh operating conditions.
In November 2025, Emerson Electric Co. launched AMS Machine Works v2.1 with enhanced Wi-Fi and edge connectivity for wireless condition monitoring, boosting automated fault detection and scalable diagnostics in energy infrastructure networks.
Product Types Covered:
• Online Monitoring Systems
• Portable Diagnostic Systems
• Predictive Maintenance Solutions
• Asset Health Management Platforms
Components Covered:
• Sensors & Transmitters
• Data Acquisition Units
• Analytics Software
• Communication Networks
Deployment Approachs Covered:
• Continuous Online Monitoring
• Periodic Offline Inspection
• Hybrid Monitoring Systems
Asset Criticalities Covered:
• Mission-Critical Assets
• High-Value Equipment
• Standard Infrastructure
Applications Covered:
• Power Generation Assets
• Transmission & Distribution Assets
• Renewable Energy Infrastructure
• Oil & Gas Energy Assets
End Users Covered:
• Utilities & Energy Providers
• Industrial Energy Operators
• Asset Management Service Providers
• Government & Infrastructure Authorities
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2023, 2024, 2025, 2026, 2027, 2028, 2030, 2032 and 2034
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Table of Contents
200 Pages
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 End User Analysis
- 3.9 Emerging Markets
- 3.10 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Energy Infrastructure Condition Monitoring Market, By Product Type
- 5.1 Introduction
- 5.2 Online Monitoring Systems
- 5.3 Portable Diagnostic Systems
- 5.4 Predictive Maintenance Solutions
- 5.5 Asset Health Management Platforms
- 6 Global Energy Infrastructure Condition Monitoring Market, By Component
- 6.1 Introduction
- 6.2 Sensors & Transmitters
- 6.3 Data Acquisition Units
- 6.4 Analytics Software
- 6.5 Communication Networks
- 7 Global Energy Infrastructure Condition Monitoring Market, By Deployment Approach
- 7.1 Introduction
- 7.2 Continuous Online Monitoring
- 7.3 Periodic Offline Inspection
- 7.4 Hybrid Monitoring Systems
- 8 Global Energy Infrastructure Condition Monitoring Market, By Asset Criticality
- 8.1 Introduction
- 8.2 Mission-Critical Assets
- 8.3 High-Value Equipment
- 8.4 Standard Infrastructure
- 9 Global Energy Infrastructure Condition Monitoring Market, By Application
- 9.1 Introduction
- 9.2 Power Generation Assets
- 9.3 Transmission & Distribution Assets
- 9.4 Renewable Energy Infrastructure
- 9.5 Oil & Gas Energy Assets
- 10 Global Energy Infrastructure Condition Monitoring Market, By End User
- 10.1 Introduction
- 10.2 Utilities & Energy Providers
- 10.3 Industrial Energy Operators
- 10.4 Asset Management Service Providers
- 10.5 Government & Infrastructure Authorities
- 11 Global Energy Infrastructure Condition Monitoring Market, By Geography
- 11.1 Introduction
- 11.2 North America
- 11.2.1 US
- 11.2.2 Canada
- 11.2.3 Mexico
- 11.3 Europe
- 11.3.1 Germany
- 11.3.2 UK
- 11.3.3 Italy
- 11.3.4 France
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 Japan
- 11.4.2 China
- 11.4.3 India
- 11.4.4 Australia
- 11.4.5 New Zealand
- 11.4.6 South Korea
- 11.4.7 Rest of Asia Pacific
- 11.5 South America
- 11.5.1 Argentina
- 11.5.2 Brazil
- 11.5.3 Chile
- 11.5.4 Rest of South America
- 11.6 Middle East & Africa
- 11.6.1 Saudi Arabia
- 11.6.2 UAE
- 11.6.3 Qatar
- 11.6.4 South Africa
- 11.6.5 Rest of Middle East & Africa
- 12 Key Developments
- 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 12.2 Acquisitions & Mergers
- 12.3 New Product Launch
- 12.4 Expansions
- 12.5 Other Key Strategies
- 13 Company Profiling
- 13.1 Siemens AG
- 13.2 ABB Ltd
- 13.3 General Electric Company
- 13.4 Schneider Electric SE
- 13.5 Emerson Electric Co.
- 13.6 Honeywell International Inc.
- 13.7 Enel S.p.A.
- 13.8 Itron Inc.
- 13.9 Mitsubishi Electric Corporation
- 13.10 NextEra Energy Resources
- 13.11 SMA Solar Technology AG
- 13.12 Eaton Corporation plc
- 13.13 Accenture plc
- 13.14 Trimble Inc.
- 13.15 Power Factors, LLC
- 13.16 AlsoEnergy, Inc.
- 13.17 Greenbyte AB
- 13.18 Solar-Log GmbH
- List of Tables
- Table 1 Global Energy Infrastructure Condition Monitoring Market Outlook, By Region (2025-2034) ($MN)
- Table 2 Global Energy Infrastructure Condition Monitoring Market Outlook, By Product Type (2025-2034) ($MN)
- Table 3 Global Energy Infrastructure Condition Monitoring Market Outlook, By Online Monitoring Systems (2025-2034) ($MN)
- Table 4 Global Energy Infrastructure Condition Monitoring Market Outlook, By Portable Diagnostic Systems (2025-2034) ($MN)
- Table 5 Global Energy Infrastructure Condition Monitoring Market Outlook, By Predictive Maintenance Solutions (2025-2034) ($MN)
- Table 6 Global Energy Infrastructure Condition Monitoring Market Outlook, By Asset Health Management Platforms (2025-2034) ($MN)
- Table 7 Global Energy Infrastructure Condition Monitoring Market Outlook, By Component (2025-2034) ($MN)
- Table 8 Global Energy Infrastructure Condition Monitoring Market Outlook, By Sensors & Transmitters (2025-2034) ($MN)
- Table 9 Global Energy Infrastructure Condition Monitoring Market Outlook, By Data Acquisition Units (2025-2034) ($MN)
- Table 10 Global Energy Infrastructure Condition Monitoring Market Outlook, By Analytics Software (2025-2034) ($MN)
- Table 11 Global Energy Infrastructure Condition Monitoring Market Outlook, By Communication Networks (2025-2034) ($MN)
- Table 12 Global Energy Infrastructure Condition Monitoring Market Outlook, By Deployment Approach (2025-2034) ($MN)
- Table 13 Global Energy Infrastructure Condition Monitoring Market Outlook, By Continuous Online Monitoring (2025-2034) ($MN)
- Table 14 Global Energy Infrastructure Condition Monitoring Market Outlook, By Periodic Offline Inspection (2025-2034) ($MN)
- Table 15 Global Energy Infrastructure Condition Monitoring Market Outlook, By Hybrid Monitoring Systems (2025-2034) ($MN)
- Table 16 Global Energy Infrastructure Condition Monitoring Market Outlook, By Asset Criticality (2025-2034) ($MN)
- Table 17 Global Energy Infrastructure Condition Monitoring Market Outlook, By Mission-Critical Assets (2025-2034) ($MN)
- Table 18 Global Energy Infrastructure Condition Monitoring Market Outlook, By High-Value Equipment (2025-2034) ($MN)
- Table 19 Global Energy Infrastructure Condition Monitoring Market Outlook, By Standard Infrastructure (2025-2034) ($MN)
- Table 20 Global Energy Infrastructure Condition Monitoring Market Outlook, By Application (2025-2034) ($MN)
- Table 21 Global Energy Infrastructure Condition Monitoring Market Outlook, By Power Generation Assets (2025-2034) ($MN)
- Table 22 Global Energy Infrastructure Condition Monitoring Market Outlook, By Transmission & Distribution Assets (2025-2034) ($MN)
- Table 23 Global Energy Infrastructure Condition Monitoring Market Outlook, By Renewable Energy Infrastructure (2025-2034) ($MN)
- Table 24 Global Energy Infrastructure Condition Monitoring Market Outlook, By Oil & Gas Energy Assets (2025-2034) ($MN)
- Table 25 Global Energy Infrastructure Condition Monitoring Market Outlook, By End User (2025-2034) ($MN)
- Table 26 Global Energy Infrastructure Condition Monitoring Market Outlook, By Utilities & Energy Providers (2025-2034) ($MN)
- Table 27 Global Energy Infrastructure Condition Monitoring Market Outlook, By Industrial Energy Operators (2025-2034) ($MN)
- Table 28 Global Energy Infrastructure Condition Monitoring Market Outlook, By Asset Management Service Providers (2025-2034) ($MN)
- Table 29 Global Energy Infrastructure Condition Monitoring Market Outlook, By Government & Infrastructure Authorities (2025-2034) ($MN)
- Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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