Keeping Ahead of the Curve: Exploring the Condition Monitoring System Market
The condition monitoring system market was estimated at USD 2.7 billion in 2020 and is likely to grow at a CAGR of 4.3% during 2021-2027 to reach USD 3.6 billion in 2027.
The technique of monitoring a machine's state in order to predict its mechanical wear and failure is known as condition monitoring.
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