Machine Condition Monitoring Market - Forecast(2024 - 2030)
Machine Condition Monitoring Market Overview :
- The significant growth in the implementation of automation technologies in the factories and penetration of the smart factories is certainly contributing to the growth of the market in North America.
- As Automation is analyzed to play a crucial role in the times of global pandemic to maintain the productivity, the shift towards the adoption of automation and wireless communication in machine condition monitoring is analyzed to be maximized thereby contributing to the growth of the market during forecast period 2024-2030
- Although the Machine Condition Monitoring market is analyzed to grow at a significant rate, the lack of availability of the trained experts for the data analytics is set to hinder the growth of the market.
- High Adoption of the cloud technologies
- Growing wireless communication in machine conditioning
- Lack of trained experts in the data analytics
- In April 2018, Environnement S.A have announced a partnership with EMS Bruel & Kjaer bringing together its extensive air quality monitoring instrumentation under the newly created trademark envea™ and its global distribution channel and customer base to extend the capability of EMS’s environmental monitoring service offerings. This is set to propel the market growth in the coming years.
- In April 2020, Dewesoft has announced he launch of its low-cost, high performance, totally distributed and easy to use solution to conquer the Machine Condition Monitoring market. The solution suits applications such as permanent condition monitoring of gearboxes, fans, motors, blowers and any other rotating machinery in automotive, mining, pulp, paper, iron, steel, chemical, cement, oil and gas, facility management and power production.
Key Market Players:
- Emerson Electric Co.
- General Electric
- SKF
- Rockwell Automation
- Honeywell International Inc.
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List of Tables
Table 1 Machine Condition Monitoring Market Overview 2023-2030
Table 2 Machine Condition Monitoring Market Leader Analysis 2023-2024 (US$)
Table 3 Machine Condition Monitoring MarketProduct Analysis 2023-2024 (US$)
Table 4 Machine Condition Monitoring MarketEnd User Analysis 2023-2024 (US$)
Table 5 Machine Condition Monitoring MarketPatent Analysis 2021-2023* (US$)
Table 6 Machine Condition Monitoring MarketFinancial Analysis 2023-2024 (US$)
Table 7 Machine Condition Monitoring Market Driver Analysis 2023-2024 (US$)
Table 8 Machine Condition Monitoring MarketChallenges Analysis 2023-2024 (US$)
Table 9 Machine Condition Monitoring MarketConstraint Analysis 2023-2024 (US$)
Table 10 Machine Condition Monitoring Market Supplier Bargaining Power Analysis 2023-2024 (US$)
Table 11 Machine Condition Monitoring Market Buyer Bargaining Power Analysis 2023-2024 (US$)
Table 12 Machine Condition Monitoring Market Threat of Substitutes Analysis 2023-2024 (US$)
Table 13 Machine Condition Monitoring Market Threat of New Entrants Analysis 2023-2024 (US$)
Table 14 Machine Condition Monitoring Market Degree of Competition Analysis 2023-2024 (US$)
Table 15 Machine Condition Monitoring MarketValue Chain Analysis 2023-2024 (US$)
Table 16 Machine Condition Monitoring MarketPricing Analysis 2023-2030 (US$)
Table 17 Machine Condition Monitoring MarketOpportunities Analysis 2023-2030 (US$)
Table 18 Machine Condition Monitoring MarketProduct Life Cycle Analysis 2023-2030 (US$)
Table 19 Machine Condition Monitoring MarketSupplier Analysis 2023-2024 (US$)
Table 20 Machine Condition Monitoring MarketDistributor Analysis 2023-2024 (US$)
Table 21 Machine Condition Monitoring Market Trend Analysis 2023-2024 (US$)
Table 22 Machine Condition Monitoring Market Size 2023 (US$)
Table 23 Machine Condition Monitoring Market Forecast Analysis 2023-2030 (US$)
Table 24 Machine Condition Monitoring Market Sales Forecast Analysis 2023-2030 (Units)
Table 25 Machine Condition Monitoring Market, Revenue & Volume,By Type, 2023-2030 ($)
Table 26 Machine Condition Monitoring MarketBy Type, Revenue & Volume,By Vibration Analysis & Diagnostics, 2023-2030 ($)
Table 27 Machine Condition Monitoring MarketBy Type, Revenue & Volume,By Lubricant Analysis, 2023-2030 ($)
Table 28 Machine Condition Monitoring MarketBy Type, Revenue & Volume,By Acoustic Emission, 2023-2030 ($)
Table 29 Machine Condition Monitoring MarketBy Type, Revenue & Volume,By Infrared Thermography, 2023-2030 ($)
Table 30 Machine Condition Monitoring MarketBy Type, Revenue & Volume,By Ultrasound Testing, 2023-2030 ($)
Table 31 Machine Condition Monitoring Market, Revenue & Volume,By Component, 2023-2030 ($)
Table 32 Machine Condition Monitoring MarketBy Component, Revenue & Volume,By Spectrometer, 2023-2030 ($)
Table 33 Machine Condition Monitoring MarketBy Component, Revenue & Volume,By Ultrasound Detector, 2023-2030 ($)
Table 34 Machine Condition Monitoring MarketBy Component, Revenue & Volume,By Vibration Sensor , 2023-2030 ($)
Table 35 Machine Condition Monitoring MarketBy Component, Revenue & Volume,By Corrosion Probes, 2023-2030 ($)
Table 36 Machine Condition Monitoring Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 37 Machine Condition Monitoring MarketBy Application, Revenue & Volume,By Aerospace, 2023-2030 ($)
Table 38 Machine Condition Monitoring MarketBy Application, Revenue & Volume,By Defense, 2023-2030 ($)
Table 39 Machine Condition Monitoring MarketBy Application, Revenue & Volume,By Automotive, 2023-2030 ($)
Table 40 Machine Condition Monitoring MarketBy Application, Revenue & Volume,By Chemicals, 2023-2030 ($)
Table 41 Machine Condition Monitoring MarketBy Application, Revenue & Volume,By Marine, 2023-2030 ($)
Table 42 North America Machine Condition Monitoring Market, Revenue & Volume,By Type, 2023-2030 ($)
Table 43 North America Machine Condition Monitoring Market, Revenue & Volume,By Component, 2023-2030 ($)
Table 44 North America Machine Condition Monitoring Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 45 South america Machine Condition Monitoring Market, Revenue & Volume,By Type, 2023-2030 ($)
Table 46 South america Machine Condition Monitoring Market, Revenue & Volume,By Component, 2023-2030 ($)
Table 47 South america Machine Condition Monitoring Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 48 Europe Machine Condition Monitoring Market, Revenue & Volume,By Type, 2023-2030 ($)
Table 49 Europe Machine Condition Monitoring Market, Revenue & Volume,By Component, 2023-2030 ($)
Table 50 Europe Machine Condition Monitoring Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 51 APAC Machine Condition Monitoring Market, Revenue & Volume,By Type, 2023-2030 ($)
Table 52 APAC Machine Condition Monitoring Market, Revenue & Volume,By Component, 2023-2030 ($)
Table 53 APAC Machine Condition Monitoring Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 54 Middle East & Africa Machine Condition Monitoring Market, Revenue & Volume,By Type, 2023-2030 ($)
Table 55 Middle East & Africa Machine Condition Monitoring Market, Revenue & Volume,By Component, 2023-2030 ($)
Table 56 Middle East & Africa Machine Condition Monitoring Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 57 Russia Machine Condition Monitoring Market, Revenue & Volume,By Type, 2023-2030 ($)
Table 58 Russia Machine Condition Monitoring Market, Revenue & Volume,By Component, 2023-2030 ($)
Table 59 Russia Machine Condition Monitoring Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 60 Israel Machine Condition Monitoring Market, Revenue & Volume,By Type, 2023-2030 ($)
Table 61 Israel Machine Condition Monitoring Market, Revenue & Volume,By Component, 2023-2030 ($)
Table 62 Israel Machine Condition Monitoring Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 63 Top Companies 2023 (US$)Machine Condition Monitoring Market, Revenue & Volume,,
Table 64 Product Launch 2023-2024Machine Condition Monitoring Market, Revenue & Volume,,
Table 65 Mergers & Acquistions 2023-2024Machine Condition Monitoring Market, Revenue & Volume,,
List of Figures
Figure 1 Overview of Machine Condition Monitoring Market 2023-2030
Figure 2 Market Share Analysis for Machine Condition Monitoring Market 2023 (US$)
Figure 3 Product Comparison in Machine Condition Monitoring Market 2023-2024 (US$)
Figure 4 End User Profile for Machine Condition Monitoring Market 2023-2024 (US$)
Figure 5 Patent Application and Grant in Machine Condition Monitoring Market 2021-2023* (US$)
Figure 6 Top 5 Companies Financial Analysis in Machine Condition Monitoring Market 2023-2024 (US$)
Figure 7 Market Entry Strategy in Machine Condition Monitoring Market 2023-2024
Figure 8 Ecosystem Analysis in Machine Condition Monitoring Market2023
Figure 9 Average Selling Price in Machine Condition Monitoring Market 2023-2030
Figure 10 Top Opportunites in Machine Condition Monitoring Market 2023-2024
Figure 11 Market Life Cycle Analysis in Machine Condition Monitoring Market
Figure 12 GlobalBy TypeMachine Condition Monitoring Market Revenue, 2023-2030 ($)
Figure 13 GlobalBy ComponentMachine Condition Monitoring Market Revenue, 2023-2030 ($)
Figure 14 GlobalBy ApplicationMachine Condition Monitoring Market Revenue, 2023-2030 ($)
Figure 15 Global Machine Condition Monitoring Market - By Geography
Figure 16 Global Machine Condition Monitoring Market Value & Volume, By Geography, 2023-2030 ($)
Figure 17 Global Machine Condition Monitoring Market CAGR, By Geography, 2023-2030 (%)
Figure 18 North America Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 19 US Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 20 US GDP and Population, 2023-2024 ($)
Figure 21 US GDP – Composition of 2023, By Sector of Origin
Figure 22 US Export and Import Value & Volume, 2023-2024 ($)
Figure 23 Canada Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 24 Canada GDP and Population, 2023-2024 ($)
Figure 25 Canada GDP – Composition of 2023, By Sector of Origin
Figure 26 Canada Export and Import Value & Volume, 2023-2024 ($)
Figure 27 Mexico Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 28 Mexico GDP and Population, 2023-2024 ($)
Figure 29 Mexico GDP – Composition of 2023, By Sector of Origin
Figure 30 Mexico Export and Import Value & Volume, 2023-2024 ($)
Figure 31 South America Machine Condition Monitoring MarketSouth America 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 32 Brazil Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 33 Brazil GDP and Population, 2023-2024 ($)
Figure 34 Brazil GDP – Composition of 2023, By Sector of Origin
Figure 35 Brazil Export and Import Value & Volume, 2023-2024 ($)
Figure 36 Venezuela Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 37 Venezuela GDP and Population, 2023-2024 ($)
Figure 38 Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 39 Venezuela Export and Import Value & Volume, 2023-2024 ($)
Figure 40 Argentina Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 41 Argentina GDP and Population, 2023-2024 ($)
Figure 42 Argentina GDP – Composition of 2023, By Sector of Origin
Figure 43 Argentina Export and Import Value & Volume, 2023-2024 ($)
Figure 44 Ecuador Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 45 Ecuador GDP and Population, 2023-2024 ($)
Figure 46 Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 47 Ecuador Export and Import Value & Volume, 2023-2024 ($)
Figure 48 Peru Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 49 Peru GDP and Population, 2023-2024 ($)
Figure 50 Peru GDP – Composition of 2023, By Sector of Origin
Figure 51 Peru Export and Import Value & Volume, 2023-2024 ($)
Figure 52 Colombia Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 53 Colombia GDP and Population, 2023-2024 ($)
Figure 54 Colombia GDP – Composition of 2023, By Sector of Origin
Figure 55 Colombia Export and Import Value & Volume, 2023-2024 ($)
Figure 56 Costa Rica Machine Condition Monitoring MarketCosta Rica 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 57 Costa Rica GDP and Population, 2023-2024 ($)
Figure 58 Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 59 Costa Rica Export and Import Value & Volume, 2023-2024 ($)
Figure 60 Europe Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 61 U.K Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 62 U.K GDP and Population, 2023-2024 ($)
Figure 63 U.K GDP – Composition of 2023, By Sector of Origin
Figure 64 U.K Export and Import Value & Volume, 2023-2024 ($)
Figure 65 Germany Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 66 Germany GDP and Population, 2023-2024 ($)
Figure 67 Germany GDP – Composition of 2023, By Sector of Origin
Figure 68 Germany Export and Import Value & Volume, 2023-2024 ($)
Figure 69 Italy Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 70 Italy GDP and Population, 2023-2024 ($)
Figure 71 Italy GDP – Composition of 2023, By Sector of Origin
Figure 72 Italy Export and Import Value & Volume, 2023-2024 ($)
Figure 73 France Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 74 France GDP and Population, 2023-2024 ($)
Figure 75 France GDP – Composition of 2023, By Sector of Origin
Figure 76 France Export and Import Value & Volume, 2023-2024 ($)
Figure 77 Netherlands Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 78 Netherlands GDP and Population, 2023-2024 ($)
Figure 79 Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 80 Netherlands Export and Import Value & Volume, 2023-2024 ($)
Figure 81 Belgium Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 82 Belgium GDP and Population, 2023-2024 ($)
Figure 83 Belgium GDP – Composition of 2023, By Sector of Origin
Figure 84 Belgium Export and Import Value & Volume, 2023-2024 ($)
Figure 85 Spain Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 86 Spain GDP and Population, 2023-2024 ($)
Figure 87 Spain GDP – Composition of 2023, By Sector of Origin
Figure 88 Spain Export and Import Value & Volume, 2023-2024 ($)
Figure 89 Denmark Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 90 Denmark GDP and Population, 2023-2024 ($)
Figure 91 Denmark GDP – Composition of 2023, By Sector of Origin
Figure 92 Denmark Export and Import Value & Volume, 2023-2024 ($)
Figure 93 APAC Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 94 China Machine Condition Monitoring MarketValue & Volume, 2023-2030
Figure 95 China GDP and Population, 2023-2024 ($)
Figure 96 China GDP – Composition of 2023, By Sector of Origin
Figure 97 China Export and Import Value & Volume, 2023-2024 ($)Machine Condition Monitoring MarketChina Export and Import Value & Volume, 2023-2024 ($)
Figure 98 Australia Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 99 Australia GDP and Population, 2023-2024 ($)
Figure 100 Australia GDP – Composition of 2023, By Sector of Origin
Figure 101 Australia Export and Import Value & Volume, 2023-2024 ($)
Figure 102 South Korea Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 103 South Korea GDP and Population, 2023-2024 ($)
Figure 104 South Korea GDP – Composition of 2023, By Sector of Origin
Figure 105 South Korea Export and Import Value & Volume, 2023-2024 ($)
Figure 106 India Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 107 India GDP and Population, 2023-2024 ($)
Figure 108 India GDP – Composition of 2023, By Sector of Origin
Figure 109 India Export and Import Value & Volume, 2023-2024 ($)
Figure 110 Taiwan Machine Condition Monitoring MarketTaiwan 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 111 Taiwan GDP and Population, 2023-2024 ($)
Figure 112 Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 113 Taiwan Export and Import Value & Volume, 2023-2024 ($)
Figure 114 Malaysia Machine Condition Monitoring MarketMalaysia 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 115 Malaysia GDP and Population, 2023-2024 ($)
Figure 116 Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 117 Malaysia Export and Import Value & Volume, 2023-2024 ($)
Figure 118 Hong Kong Machine Condition Monitoring MarketHong Kong 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 119 Hong Kong GDP and Population, 2023-2024 ($)
Figure 120 Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 121 Hong Kong Export and Import Value & Volume, 2023-2024 ($)
Figure 122 Middle East & Africa Machine Condition Monitoring MarketMiddle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 123 Russia Machine Condition Monitoring MarketRussia 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 124 Russia GDP and Population, 2023-2024 ($)
Figure 125 Russia GDP – Composition of 2023, By Sector of Origin
Figure 126 Russia Export and Import Value & Volume, 2023-2024 ($)
Figure 127 Israel Machine Condition Monitoring Market Value & Volume, 2023-2030 ($)
Figure 128 Israel GDP and Population, 2023-2024 ($)
Figure 129 Israel GDP – Composition of 2023, By Sector of Origin
Figure 130 Israel Export and Import Value & Volume, 2023-2024 ($)
Figure 131 Entropy Share, By Strategies, 2023-2024* (%)Machine Condition Monitoring Market
Figure 132 Developments, 2023-2024*Machine Condition Monitoring Market
Figure 133 Company 1 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 134 Company 1 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 135 Company 1 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 136 Company 2 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 137 Company 2 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 138 Company 2 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 139 Company 3Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 140 Company 3Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 141 Company 3Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 142 Company 4 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 143 Company 4 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 144 Company 4 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 145 Company 5 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 146 Company 5 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 147 Company 5 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 148 Company 6 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 149 Company 6 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 150 Company 6 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 151 Company 7 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 152 Company 7 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 153 Company 7 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 154 Company 8 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 155 Company 8 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 156 Company 8 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 157 Company 9 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 158 Company 9 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 159 Company 9 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 160 Company 10 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 161 Company 10 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 162 Company 10 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 163 Company 11 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 164 Company 11 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 165 Company 11 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 166 Company 12 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 167 Company 12 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 168 Company 12 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 169 Company 13Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 170 Company 13Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 171 Company 13Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 172 Company 14 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 173 Company 14 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 174 Company 14 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)
Figure 175 Company 15 Machine Condition Monitoring Market Net Revenue, By Years, 2023-2024* ($)
Figure 176 Company 15 Machine Condition Monitoring Market Net Revenue Share, By Business segments, 2023 (%)
Figure 177 Company 15 Machine Condition Monitoring Market Net Sales Share, By Geography, 2023 (%)