[Start of Market Research Report Handling] Global Market Report on Conveyor Monitoring 2023-2030

The global market for conveyor monitoring, estimated at 254 million USD in 2023, is projected to reach 349.2 million USD by 2030, with a CAGR of 4.7% during the analysis period from 2023 to 2030. One of the segments analyzed in this report, conveyor belt monitoring, is expected to record a CAGR of 4.8%, reaching 196.2 million USD by the end of the analysis period. The growth rate for the conveyor motor monitoring segment is estimated to be a CAGR of 4.4% during the analysis period.
The conveyor monitoring market in the United States is estimated at 67.4 million USD in 2023. China, the world's second-largest economy, is projected to reach a market size of 73.3 million USD by 2030, with a CAGR of 6.8% during the analysis period from 2023 to 2030. Other notable regional markets include Japan and Canada, with projected CAGRs of 3.1% and 3.7%, respectively, during the analysis period. In Europe, Germany is expected to grow at a CAGR of 3.6%.
■Issued by
Global Industry Analysts, Inc.

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