Asset health monitoring market seen reaching $5.11 billion by 2030

By AI, Created 6:05 AM UTC, May 26, 2026, /AGP/ – The asset health monitoring market is projected to grow from $2.7 billion in 2025 to $5.11 billion by 2030, driven by digital transformation, predictive analytics and wider use of IIoT devices. North America led the market in 2025, while Asia-Pacific is expected to grow fastest through 2030.

Why it matters: - Asset health monitoring helps companies spot equipment problems early, cut downtime and extend the life of machinery, infrastructure and other physical assets. - The market outlook points to stronger demand for real-time monitoring tools as factories and other industrial operators push for more efficient maintenance.

What happened: - The Business Research Company released its Asset Health Monitoring Global Market Report 2026, with forecasts through 2035. - The report puts the market at $2.7 billion in 2025 and $3.06 billion in 2026. - The report forecasts the market will reach $5.11 billion by 2030. - The projected CAGR is 13.4% from 2025 to 2026 and 13.7% from 2026 to 2030. - North America held the largest market share in 2025. - Asia-Pacific is expected to post the fastest growth during the forecast period.

The details: - Asset health monitoring uses sensors, data collection tools and analytics software to track machinery, equipment and infrastructure. - The systems monitor temperature, vibration and pressure to flag early signs of malfunction or degradation. - The report links recent growth to rising industrial equipment failures, lower maintenance costs, heavy use of manual inspections, manufacturing downtime and broader industrial automation. - The forecast is also tied to predictive analytics, IIoT-enabled devices, real-time asset monitoring, smart factory projects and AI-driven maintenance systems. - Emerging trends include predictive maintenance, edge computing, real-time condition dashboards, cloud-based asset performance platforms and sensor fusion for equipment diagnostics. - The report says digital transformation is a major driver because companies want more operational visibility, automation and data-driven decision-making. - A UK example cited in the report shows the Government Digital and Data profession grew 19% between April 2022 and April 2023, according to GOV.UK. - The regional analysis also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - The report adds new features for 2026, including market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, and updated graphics and tables.

Between the lines: - The forecast suggests asset health monitoring is shifting from a maintenance add-on to a core industrial software category. - The strong growth rate reflects a broader move toward predictive operations, where companies try to avoid failures before they happen instead of reacting after breakdowns. - Asia-Pacific’s expected lead in growth likely reflects industrial expansion and the spread of smart manufacturing, while North America remains the most established market.

What’s next: - Adoption is likely to rise as more factories, utilities and industrial operators deploy connected sensors and AI-based maintenance systems. - The market may see more demand for cloud platforms, edge-based monitoring and integrated analytics as companies look for faster decisions and lower downtime. - More information is available in the full report and the sample request.

The bottom line: - Asset health monitoring is moving into a fast-growth phase as industrial firms invest in predictive maintenance and real-time equipment oversight.