Condition-based maintenance plays an important role to ensure the working condition and to increase the availability of the machinery. The feature calculation and feature extraction are critical signal processing that allow to obtain a high-performance characterization of the available physical magnitudes related to specific working conditions of machines. Aiming to overcome this issue, this research proposes a novel condition monitoring strategy based on the spectral energy estimation and Linear Discriminant Analysis for diagnose and identify different operating conditions in an induction motor-based electromechanical system. The proposed method involves the acquisition of vibration signals from which the frequency spectrum is computed through the Fast Fourier Transform. Subsequently, such frequency spectrum is segmented to estimate a feature matrix in terms of its spectral energy. Finally, the feature matrix is subjected to a transformation into a 2-dimentional base by means of the Linear Discriminant Analysis and the final diagnosis outcome is performed by a NN-based classifier. The proposed strategy is validated under a complete experimentally dataset acquired from a laboratory electromechanical system.