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CBM Installed Base by Segment (SRW + WAN)

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SOURCE RESEARCH

Condition-Based Monitoring IoT: Top Market Segments and Technology Accelerators

Report | 4Q 2024 | AN-5666

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The industrial CBM market is dominated by monitoring of motor-powered machines and by status measurement collection, such as for various types of gauges. Among the WAN technologies, proprietary LPWAN dominates, given the ability to set up private networks and to manage and control the infrastructure. The market for various types of SRW technologies remains much larger, however, given the relative maturity of this market and the capabilities (life span, reporting frequency, network infrastructure) that can be achieved with these technologies.

Within the infrastructure CBM market, connections are primarily found in the monitoring of distribution networks for water and gas. Utility providers are increasingly looking to build resilience into these systems to ensure that they are maximizing the use of the utility in question. While the metering market has traditionally focused on the point at which the utility enters the home to facilitate billing, utility providers increasingly need to understand the performance of their own networks. Another significant market within the infrastructure segment is for rail monitoring, both covering rail switches and rail tracks. Other forms of infrastructure monitoring (e.g., bridge monitoring) are generally smaller segments because of the low number of devices needed per deployment.

Much of the commercial CBM market is dominated by monitoring temperatures within refrigerators and other facilities, driven by regulation and quality assurance purposes. There is also a long tail of use cases within this segment, such as monitoring bread machines in grocery retail stores. The growing importance of cold chain monitoring is one of the most important drivers for this segment.