According to our (Global Info Research) latest study, the global Equipment Health Management market size was valued at US$ 2637 million in 2025 and is forecast to a readjusted size of US$ 4157 million by 2032 with a CAGR of 6.8% during review period.
Equipment health management is a systematic approach in the industrial field for real-time monitoring, fault diagnosis, performance evaluation, and maintenance decision support of critical production equipment. It aims to transform post-maintenance into predictive and even autonomous maintenance through data-driven approaches, thereby improving equipment reliability, ensuring production continuity, reducing operation and maintenance costs, and extending asset lifecycle.
The equipment health management market is developing rapidly, driven by multiple factors, including the increasing complexity of industrial equipment, high costs of unplanned downtime, the promotion of smart manufacturing and Industry 4.0 policies, the decline in the cost of sensor and IoT technologies, the maturity of artificial intelligence and big data analytics capabilities, and the increasing demand from enterprises to shift from reactive maintenance to predictive maintenance. At the same time, equipment manufacturers provide value-added services by integrating health management functions, thereby enhancing customer loyalty and product competitiveness, while end users leverage this technology to optimize operational efficiency, extend asset life, and ensure production continuity, jointly accelerating the large-scale implementation of machine health management in key sectors such as manufacturing, energy, and transportation.
This report is a detailed and comprehensive analysis for global Equipment Health Management market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Equipment Health Management market size and forecasts, in consumption value ($ Million), 2021-2032
Global Equipment Health Management market size and forecasts by region and country, in consumption value ($ Million), 2021-2032
Global Equipment Health Management market size and forecasts, by Type and by Application, in consumption value ($ Million), 2021-2032
Global Equipment Health Management market shares of main players, in revenue ($ Million), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Equipment Health Management
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Equipment Health Management market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Bently Nevada, Emerson, GE Vernova, Meggitt, Siemens, Uptake, Railinc, Tech Mahindra, ComplianceQuest, Rolls-Royce, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Equipment Health Management market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Online Monitoring
Offline Monitoring
Market segment by Function
Condition Monitoring
Predictive Maintenance
Others
Market segment by Deployment Mode
Cloud-based
On-premises
Market segment by Application
Transportation Industry
Manufacturing
Chemical Industry
Others
Market segment by players, this report covers
Bently Nevada
Emerson
GE Vernova
Meggitt
Siemens
Uptake
Railinc
Tech Mahindra
ComplianceQuest
Rolls-Royce
SmartEAM
DHMS
Beijing Bohua Xinzhi Technology
Anhui RONDS
Jiangsu Donghua Testing Technology
Zhejiang Supcon Technology
Hexastate
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Equipment Health Management product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Equipment Health Management, with revenue, gross margin, and global market share of Equipment Health Management from 2021 to 2026.
Chapter 3, the Equipment Health Management competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2021 to 2032.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2021 to 2026.and Equipment Health Management market forecast, by regions, by Type and by Application, with consumption value, from 2027 to 2032.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Equipment Health Management.
Chapter 13, to describe Equipment Health Management research findings and conclusion.
Summary:
Get latest Market Research Reports on Equipment Health Management. Industry analysis & Market Report on Equipment Health Management is a syndicated market report, published as Global Equipment Health Management Market 2026 by Company, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Equipment Health Management market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.