IQT Electrical Monitoring Corp. Highlights Market Growth in Predictive Electrical Maintenance

VANCOUVER, British Columbia - Feb. 2, 2026 - PRLog -- Growing global focus on electrical reliability and operational resilience is accelerating adoption of predictive maintenance technologies across industrial sectors. The global predictive maintenance market was valued at USD 10.93 billion in 2024 and is projected to reach USD 70.73 billion by 2032, reflecting a 26.5 percent compound annual growth rate. At the same time, the global electrical testing services market is estimated at USD 8.9 billion in 2025 and is forecast to approach USD 18.2 billion by 2035, with North America expected to grow from approximately USD 2.8 billion to USD 4.9 billion over the same period.

IQT Electrical Monitoring Corp. notes that these developments illustrate how artificial intelligence, thermal imaging, and IoT-based analytics are reshaping electrical maintenance strategies. These technologies are increasingly used to interpret temperature variations, voltage behavior, and environmental conditions, enabling predictive assessment and risk-zone visualization. The shift reflects a broader transition from reactive maintenance toward data-informed planning that enhances system reliability and extends asset lifespan.

Within Canada, federal and provincial initiatives emphasizing clean technology, energy efficiency, and workplace safety continue to reinforce industry demand for transparent and compliant monitoring systems. IQT Electrical Monitoring Corp. monitors these market dynamics closely as part of its ongoing research into predictive analytics and electrical safety innovation. Through continued research, knowledge development, and collaboration, the company supports the advancement of safer and more resilient electrical infrastructure in Canada and internationally.

About IQT Electrical Monitoring Corp.: IQT is a technology company focused on proactive electrical inspection, testing, and predictive maintenance. By combining thermal scanning, AI algorithms, and real-time IoT monitoring, the company helps businesses improve electrical safety, reduce equipment failure, and lower maintenance costs. Learn more at https://iqtmonitoring.com.