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Predictive Maintenance and Machine Condition Monitoring: Market Size, Share, and CAGR Projections
The global machine condition monitoring market was valued at USD 3.41 billion in 2024 and is expected to grow at a CAGR of 7.3 percent across the forecast window. This figure positions the market in a moderate-growth regime, where segment-wise performance, product differentiation, and application-specific growth will increasingly distinguish winners. As adoption evolves, segmentation across...
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