Predictive Maintenance Market By Component (Solutions, Services), By Technique (Vibration Monitoring, Electrical Insulation, Oil Analysis, Ultrasonic Leak Detectors, Performance Testing, Others), By Deployment (Cloud, On-Premise), By End-user (Manufacturing, Aerospace & Defense, Healthcare, Automotive, Energy And Utilities, Government, Transportation, Others) – Growth, Future Prospects And Competitive Analysis, 2020 – 2030

Market Insights

The global predictive maintenance market is poised for significant expansion, with a projected Compound Annual Growth Rate (CAGR) of 28.43% over the forecast period from 2024 to 2030. Commencing from a valuation of US$4,196.38 million in 2022, the market is anticipated to ascend to approximately US$24,178.96 million by the close of the decade.

Predictive maintenance stands as a sophisticated approach to equipment management, whereby continuous monitoring techniques are employed to assess the operational condition of machinery and forecast potential failures. This prognostic method facilitates timely maintenance interventions, thereby substantially curtailing production downtime.

Employing condition monitoring tools, predictive maintenance systems offer real-time insights into machine performance and functionality. The deployment of such systems delivers a multitude of operational advantages, notably the diminution of equipment maintenance intervals, which in turn yields reduced periods of inactivity. Moreover, by enabling machine operators to conduct systematic maintenance, these systems contribute to a significant reduction in expenses associated with spare parts and supplies. These attributes are instrumental in propelling the market forward.

Conversely, it must be acknowledged that the market’s upward trajectory is somewhat restrained by the substantial costs associated with condition monitoring equipment. The financial outlay required for these advanced technologies may act as a barrier to entry for some market participants, tempering the overall growth potential of the predictive maintenance industry.

Market Growth Drivers in the Predictive Maintenance Market 

The predictive maintenance market is experiencing significant growth, driven by a surge in investments aimed at enhancing operational efficiency and reducing costs associated with machine downtime and maintenance. Companies are recognizing the tangible returns on investment that predictive maintenance initiatives offer, with reported metrics showcasing improved equipment availability, reductions in inventory costs, and a notable decrease in reactive maintenance activities. The empirical evidence presented by users is buttressed by a study from Deutsche Messe AG and Roland Berger, indicating a broadening engagement with predictive maintenance, with a substantial 81% of companies allocating resources to this area. Furthermore, confidence in the practice is rising, with 40% of companies acknowledging predictive maintenance’s pivotal role in future business success. This growing awareness and trust in the efficacy of predictive maintenance underscores its potential to revolutionize industry practices and fuel market expansion in the years to come.

The incorporation of cutting-edge technologies like AI, IoT, and machine learning is creating expansive opportunities within the predictive maintenance sector. These technologies facilitate the real-time collection and analysis of data, enabling the shift from reactive to proactive maintenance strategies. The market is witnessing an influx of AI-powered solutions, exemplified by TeamViewer’s launch of an AI-assisted IoT product. The drive towards predictive maintenance is further bolstered by the quest for optimized asset utilization, compliance with stringent industry regulations, and a concerted effort to reduce costly unplanned downtime. This shift is not limited to manufacturing; the adoption of predictive maintenance is proliferating across diverse sectors including energy, aerospace, and healthcare. The convergence of predictive maintenance with big data analytics offers companies the tools to manage large datasets effectively, leading to more accurate predictions and maintenance strategies that promise long-term economic benefits and seamless integration with existing enterprise systems. These convergent factors act as robust catalysts, propelling the predictive maintenance market forward and establishing it as a cornerstone of modern industrial operations.

Interesting Facts about Predictive Maintenance Industry

Cost Reduction:  PdM can cut downtime by up to 15%, maintenance expenses by up to 30%, and new equipment costs by up to 5%.

Sustainability: PdM supports sustainability by reducing energy usage, minimizing waste production, and lessening environmental impact through the prevention of unexpected equipment failures.

Industry Adoption: PdM is utilized across various industries including manufacturing, transportation, energy, and healthcare, illustrating its versatility.

SME Inclusion: Small and medium-sized businesses benefit from PdM by lowering maintenance costs and improving uptime, demonstrating that PdM is scalable.

Accessibility and Affordability: Cloud-based PdM solutions are making this technology more accessible and affordable for businesses, eliminating the need for significant capital investment in hardware and software.

Accuracy and Reliability: The continuous evolution of AI and machine learning technologies is enhancing the accuracy and reliability of PdM, leading to better prediction of equipment failures.

Market Restraints in the Predictive Maintenance Market

Skilled Workforce Shortage: The market is grappling with a scarcity of professionals skilled in networking, application development, and cybersecurity, which are critical competencies for leveraging advanced predictive maintenance technologies.

Need for Specialized Expertise: As industries strive to implement sophisticated systems, there is a heightened demand for expert systems knowledge, making the development of such talent imperative for the growth of the predictive maintenance market.

Increased Operational Costs: The costs associated with developing these expert systems and training employees in new technologies can inflate operational expenses in the short term, potentially deterring investment.

Technological Complexity: The intricate nature of technologies like the Internet of Things (IoT) and artificial intelligence (AI), which require advanced analysis and estimation to prevent failures and optimize outcomes, presents a barrier to entry.

Heavy Reliance on AI and ML: Predictive maintenance’s reliance on AI and machine learning (ML) necessitates a workforce that is not only technologically adept but also capable of handling complex data and analytics, which is currently a market limitation.

Workforce Training Necessity: The imperative to continuously train the existing workforce to keep pace with technological advancements emerges as a critical factor that could restrict market growth if not addressed.

Market Opportunities in the Predictive Maintenance Market

Effective data interpretation and sophisticated management of information are becoming increasingly critical with the growing reliance on artificial intelligence, especially in market segments where human oversight is diminishing. The integration of artificial intelligence technologies allows for the rapid processing of vast quantities of data, which can be translated into valuable product insights in mere seconds. When combined with the Internet of Things (IoT), this synergy yields extensive datasets, which, when processed by artificial intelligence, result in enhanced quality services.

Incorporating artificial intelligence into the foundational systems of businesses not only facilitates the evolution of technology in tandem with market expansion but also contributes to the scalability of data handling capabilities, particularly as the generation of substantial data volumes and the advancement of cloud computing continue to escalate.

Moreover, the burgeoning demand for proficient and specialized labor catalyzes the creation of diverse employment prospects, thereby addressing the dual objective of market growth and job creation.

However, the market’s expansion is currently hampered by a shortage of such skilled professionals. There is a pressing need for a workforce adept in managing contemporary software systems, as well as for expert teams capable of handling and interpreting the large datasets generated by IoT devices.

Market Segmentations

Predictive Maintenance with Solutions in its Component Segment to Continue Dominating the Market

By component, the solution segment dominates predictive maintenance, followed by the service segment. However, the service segment accounted for the fastest growth during the forecast period. Predictive maintenance offers various types of solution software that allows the operator to visualize the condition of the machine, allowing the user to make changes and perform the maintenance process to reduce downtime for the process. The increasing awareness among individuals and organizations about the benefits of predictive maintenance is contributing to the growth of the market.

North America Dominates the Predictive Maintenance Market.

The predictive maintenance market is led by North America. In 2018, this regional segment accounted for approximately 33% of the global market for predictive maintenance. The presence of various key players such as Rockwell Automation, IBM Corporation, RapidMiner, and others in North America is a major factor driving the predictive maintenance market. Moreover, the early adoption of conditioning monitoring technology in the region also fuels the market growth.

The US is the dominant country in North America, followed by Canada and Mexico. The US is a dominant country due to the presence of various manufacturing, automotive, healthcare, food and beverage, and other industries. The US predictive maintenance market is rising due to increasing complexity in production and the requirement to reduce downtime and improve functioning quality.

Report Scope by Segments

The predictive maintenance market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global predictive maintenance market based on component, technique, deployment, end-user, and geography. Key segments covered in the report are as follows:

By Component

• Solutions,
• Services

By Technique

• Vibration Monitoring,
• Electrical Insulation,
• Oil Analysis,
• Ultrasonic Leak Detectors,
• Performance Testing,
• Others

By Deployment

• Cloud,
• On-Premise

By End-user

• Manufacturing,
• Aerospace & Defense,
• Healthcare,
• Automotive,
• Energy And Utilities,
• Government,
• Transportation,
• Others

Historical and Forecast Period

This research report presents the analysis of each segment from 2020 to 2030, considering 2021 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2024 to 2030.

Key questions are answered in this report.

• What was the market size of preventive maintenance in 2021 and the forecast up to 2030?
• Which is the largest regional market for the solution segment?
• What are the major trends followed in the preventive maintenance market across different regions?
• Who are the key predictive maintenance companies leading the market?
• What are the key strategies adopted by the leading preventive maintenance companies in the market?

Unique data points of this report

• Statistics on predictive maintenance penetration and spending worldwide
• Recent trends across different regions in terms of the adoption of predictive maintenance for various vehicles
• Notable developments are going on in the predictive maintenance industry.
• Attractive investment propositions for segments as well as geography
• Comparative scenario for all the segments for years 2021 (actual) and 2030 (forecast)

Chapter No. 1 : Introduction  25

1.1.        Report Description  25

1.1.1.    Purpose of the Report 25

1.1.2.    USP & Key Offerings  25

1.2.        Key Benefits for Stakeholders  25

1.3.        Target Audience  26

1.4.        Report Scope  27

Chapter No. 2 : Executive Summary  29

2.1.        Predictive Maintenance Market Snapshot  29

2.2.        Global Predictive Maintenance Market, 2017 – 2022 (USD Million) 30

Chapter No. 3 : Impact Analysis of COVID 19 & Russia-Ukraine War on Predictive Maintenance Market  31

3.1.        Impact Assessment of COVID-19 Pandemic, By Region  31

3.1.1.    Supply chain disruptions  31

3.1.2.    Demand fluctuations  31

3.1.3.    Shift in product mix  31

3.1.4.    Reduced industrial activity  31

3.1.5.    Temporary disruptions and delays  31

3.1.6.    Shift in focus towards essential services  31

3.2.        Russia-Ukraine War Impacts  32

3.2.1.    Uncertainty and economic instability  32

3.2.2.    Supply chain disruptions  32

3.2.3.    Regional market shifts  32

3.2.4.    Shift in government priorities  32

Chapter No. 4 : Predictive Maintenance Market – Industry Analysis  33

4.1.        Introduction  33

4.2.        Market Drivers  34

4.2.1.    Driving Factor 1 Analysis  34

4.2.2.    Driving Factor 2 Analysis  35

4.3.        Market Restraints  36

4.3.1.    Restraining Factor Analysis  36

4.4.        Market Opportunities  37

4.4.1.    Market Opportunity Analysis  37

4.5.        Porter’s Five Forces Analysis  38

4.6.        Value Chain Analysis  39

4.7.        Buying Criteria  40

Chapter No. 5 : Analysis Competitive Landscape  41

5.1.        Company Market Share Analysis – 2022  41

5.1.1.    Global Predictive Maintenance Market: Company Market Share, by Revenue2022  41

5.1.2.    Global Predictive Maintenance Market: Top 6 Company Market Share, by Revenue2022  41

5.1.3.    Global Predictive Maintenance Market: Top 3 Company Market Share, by Revenue2022  42

5.1.        Global Predictive Maintenance Market Company Revenue Market Share, 2022  43

5.2.        Company Assessment Metrics, 2022  44

5.2.1.    Stars  44

5.2.2.    Emerging Leaders  44

5.2.3.    Pervasive Players  44

5.2.4.    Participants  44

5.3.        Strategic Developments  45

5.3.1.    Acquisitions & Mergers  45

5.3.2.    New Product Launch  45

5.3.3.    Regional Expansion  45

5.4.        Key Players Product Matrix  46

Chapter No. 6 : PESTEL & Adjacent Market Analysis  47

6.1.        PESTEL  47

6.1.1.    Political Factors  47

6.1.2.    Economic Factors  47

6.1.3.    Social Factors  47

6.1.4.    Technological Factors  47

6.1.5.    Environmental Factors  47

6.1.6.    Legal Factors  47

6.2.        Adjacent Market Analysis  47

Chapter No. 7 : Predictive Maintenance Market – By Component Segment Analysis  48

7.1.        Predictive Maintenance Market Overview, by Component Segment  48

7.1.1.    Predictive Maintenance Market Revenue Share, By Component, 2022 & 2030  49

7.1.2.    Predictive Maintenance Market Attractiveness Analysis, By Component 50

7.1.3.    Incremental Revenue Growth Opportunity, by Component, 2023 – 2030  50

7.1.4.    Predictive Maintenance Market Revenue, By Component, 2017, 2022, 2026 & 2030  51

7.2.        Solutions  52

7.2.1.    Global Solutions Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 53

7.2.2.    Global Solutions Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 53

7.3.        Services  54

7.3.1.    Global Services Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 55

7.3.2.    Global Services Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 55

Chapter No. 8 : Predictive Maintenance Market – By Technique Segment Analysis  56

8.1.        Predictive Maintenance Market Overview, by Technique Segment  56

8.1.1.    Predictive Maintenance Market Revenue Share, By Technique, 2022 & 2030  57

8.1.2.    Predictive Maintenance Market Attractiveness Analysis, By Technique  58

8.1.3.    Incremental Revenue Growth Opportunity, by Technique, 2023 – 2030  58

8.1.4.    Predictive Maintenance Market Revenue, By Technique, 2017, 2022, 2026 & 2030  59

8.2.        Vibration Monitoring  60

8.2.1.    Global Vibration Monitoring Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 61

8.2.2.    Global Vibration Monitoring Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 61

8.3.        Electrical Insulation  62

8.3.1.    Global Electrical Insulation Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 63

8.3.2.    Global Electrical Insulation Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 63

8.4.        Oil Analysis  64

8.4.1.    Global Oil Analysis Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 65

8.4.2.    Global Oil Analysis Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 65

8.5.        Ultrasonic Leak Detectors  66

8.5.1.    Global Ultrasonic Leak Detectors Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 67

8.5.2.    Global Ultrasonic Leak Detectors Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 67

8.6.        Performance Testing  68

8.6.1.    Global Performance Testing Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 69

8.6.2.    Global Performance Testing Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 69

Chapter No. 9 : Predictive Maintenance Market – By End-user Segment Analysis  70

9.1.        Predictive Maintenance Market Overview, by End-user Segment  70

9.1.1.    Predictive Maintenance Market Revenue Share, By End-user, 2022 & 2030  71

9.1.2.    Predictive Maintenance Market Attractiveness Analysis, By End-user  72

9.1.3.    Incremental Revenue Growth Opportunity, by End-user, 2023 – 2030  72

9.1.4.    Predictive Maintenance Market Revenue, By End-user, 2017, 2022, 2026 & 2030  73

9.2.        Aerospace & Defense  74

9.2.1.    Global Aerospace & Defense Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 75

9.2.2.    Global Aerospace & Defense Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 75

9.3.        Manufacturing  76

9.3.1.    Global Manufacturing Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 77

9.3.2.    Global Manufacturing Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 77

9.4.        Healthcare  78

9.4.1.    Global Healthcare Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 79

9.4.2.    Global Healthcare Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 79

9.5.        Energy and Utilities  80

9.5.1.    Global Energy and Utilities Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 81

9.5.2.    Global Energy and Utilities Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 81

9.6.        Others (Automotive & Transportation) 82

9.6.1.    Global Others (Automotive & Transportation) Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 83

9.6.2.    Global Others (Automotive & Transportation) Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 83

Chapter No. 10 :              Predictive Maintenance Market – By Deployment Segment Analysis  84

10.1.     Predictive Maintenance Market Overview, by Deployment Segment  84

10.1.1.  Predictive Maintenance Market Revenue Share, By Deployment, 2022 & 2030  85

10.1.2.  Predictive Maintenance Market Attractiveness Analysis, By Deployment 86

10.1.3.  Incremental Revenue Growth Opportunity, by Deployment, 2023 – 2030  86

10.1.4.  Predictive Maintenance Market Revenue, By Deployment, 2017, 2022, 2026 & 2030  87

10.2.     Cloud  88

10.2.1.  Global Cloud Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 89

10.2.2.  Global Cloud Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 89

10.3.     On-Premise  90

10.3.1.  Global On-Premise Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 91

10.3.2.  Global On-Premise Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 91

Chapter No. 11 :              Predictive Maintenance Market – Regional Analysis  92

11.1.     Predictive Maintenance Market Overview, by Regional Segments  92

11.2.     Region  93

11.2.1.  Global Predictive Maintenance Market Revenue Share, By Region, 2022 & 2030  93

11.2.2.  Predictive Maintenance Market Attractiveness Analysis, By Region  94

11.2.3.  Incremental Revenue Growth Opportunity, by Region, 2023 – 2030  94

11.2.4.  Predictive Maintenance Market Revenue, By Region, 2017, 2022, 2026 & 2030  95

11.2.5.  Global Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 96

11.2.6.  Global Predictive Maintenance Market Revenue, By Region, 2023 – 2030 (USD Million) 96

11.3.     Component  97

11.3.1.  Global Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 97

11.3.2.  Global Predictive Maintenance Market Revenue, By Component, 2023 – 2030 (USD Million) 97

11.4.     Technique  98

11.4.1.  Global Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 98

11.4.2.  Global Predictive Maintenance Market Revenue, By Technique, 2023 – 2030 (USD Million) 98

11.5.     End-user  99

11.5.1.  Global Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 99

11.5.2.  Global Predictive Maintenance Market Revenue, By End-user, 2023 – 2030 (USD Million) 99

11.6.     Deployment  100

11.6.1.  Global Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 100

11.6.2.  Global Predictive Maintenance Market Revenue, By Deployment, 2023 – 2030 (USD Million) 100

Chapter No. 12 :              Predictive Maintenance Market – North America  101

12.1.     North America  101

12.1.     Key Highlights  101

12.1.1.  North America Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 102

12.1.2.  North America Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 103

12.1.3.  North America Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 104

12.1.4.  North America Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 105

12.1.5.  North America Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 106

12.1.6.  U.S. 107

12.1.7.  Canada  107

12.1.8.  Mexico  107

Chapter No. 13 :              Predictive Maintenance Market – Europe  108

13.1.     Europe  108

13.2.     Key Highlights  108

13.2.1.  Europe Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 109

13.2.2.  Europe Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 110

13.2.3.  Europe Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 111

13.2.4.  Europe Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 112

13.2.5.  Europe Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 113

13.2.6.  UK  114

13.2.7.  France  114

13.2.8.  Germany  114

13.2.9.  Italy  114

13.2.10.              Spain  114

13.2.11.              Russia  114

13.2.12.              BENELUX  114

13.2.13.              Sweden  114

13.2.14.              Denmark  114

13.2.15.              Poland  114

13.2.16.              Austria  114

13.2.17.              Rest of Europe  114

Chapter No. 14 :              Predictive Maintenance Market – Asia Pacific  115

14.1.     Asia Pacific  115

14.2.     Key Highlights  115

14.2.1.  Asia Pacific Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 116

14.2.2.  Asia Pacific Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 118

14.2.3.  Asia Pacific Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 119

14.2.4.  Asia Pacific Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 120

14.2.5.  Asia Pacific Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 121

14.2.6.  China  122

14.2.7.  Japan  122

14.2.8.  South Korea  122

14.2.9.  India  122

14.2.10.              Thailand  122

14.2.11.              Indonesia  122

14.2.12.              Vietnam    122

14.2.13.              Malaysia  122

14.2.14.              Philippines  122

14.2.15.              Taiwan  122

14.2.16.              Rest of Asia Pacific  122

Chapter No. 15 :              Predictive Maintenance Market – Latin America  123

15.1.     Latin America  123

15.2.     Key Highlights  123

15.2.1.  Latin America Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 124

15.2.2.  Latin America Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 125

15.2.3.  Latin America Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 126

15.2.4.  Latin America Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 127

15.2.5.  Latin America Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 128

15.2.6.  Brazil 129

15.2.7.  Argentina  129

15.2.8.  Colombia  129

15.2.9.  Chile  129

15.2.10.              Peru  129

15.2.11.              Rest of Latin America  129

Chapter No. 16 :              Predictive Maintenance Market – Middle East  130

16.1.     The Middle-East  130

16.2.     Key Highlights  130

16.2.1.  Middle East Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 131

16.2.2.  Middle East Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 132

16.2.3.  Middle East Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 133

16.2.4.  Middle East Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 134

16.2.5.  Middle East Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 135

16.2.6.  GCC Countries  136

16.2.7.  Israel 136

16.2.8.  Turkey  136

16.2.9.  Iran  136

16.2.10.              Rest of Middle East & Africa  136

Chapter No. 17 :              Predictive Maintenance Market – Africa  137

17.1.     Africa  137

17.2.     Key Highlights  137

17.2.1.  Africa Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 138

17.2.2.  Africa Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 139

17.2.3.  Africa Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 140

17.2.4.  Africa Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 141

17.2.5.  Africa Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 142

17.2.6.  South Africa  143

17.2.7.  Egypt 143

17.2.8.  Nigeria  143

17.2.9.  Algeria  143

17.2.10.              Morocco  143

17.2.11.              Rest of Africa  143

Chapter No. 18 :              Company Profiles  144

18.1.     IBM Corporation  144

18.1.1.  Company Overview   144

18.1.2.  Product Portfolio  144

18.1.3.  Swot Analysis  144

18.1.4.  Business Strategy  145

18.1.5.  Financial Overview   145

18.2.     SAP SE  146

18.3.     General Electric  146

18.4.     Software AG   146

18.5.     Robert Bosch  146

18.6.     PTC Inc. 146

18.7.     Rockwell Automation  146

18.8.     Warwick Analytics  146

18.9.     Schneider Electric Se  146

18.10.   RapidMiner  146

18.11.   Company 11  146

18.12.   Company 12  146

18.13.   Company 13  146

18.14.   Company 14  146

Chapter No. 19 :              Research Methodology  147

19.1.     Research Methodology  147

19.2.     Phase I – Secondary Research  148

19.3.     Phase II – Data Modeling  148

19.3.1.  Company Share Analysis Model 149

19.3.2.  Revenue Based Modeling  149

19.4.     Phase III – Primary Research  150

19.5.     Research Limitations  151

19.5.1.  Assumptions  151

 

List of Figures

FIG NO. 1.           Global Predictive Maintenance Market Revenue, 2017 – 2022 (USD Million) 30

FIG NO. 2.           Porter’s Five Forces Analysis for Global Predictive Maintenance Market 38

FIG NO. 3.           Value Chain Analysis for Global Predictive Maintenance Market 39

FIG NO. 4.           Company Share Analysis, 2022  41

FIG NO. 5.           Company Share Analysis, 2022  41

FIG NO. 6.           Company Share Analysis, 2022  42

FIG NO. 7.           Predictive Maintenance Market – Company Revenue Market Share, 2022  43

FIG NO. 8.           Predictive Maintenance Market Revenue Share, By Component, 2022 & 2030  49

FIG NO. 9.           Market Attractiveness Analysis, By Component 50

FIG NO. 10.        Incremental Revenue Growth Opportunity by Component 50

FIG NO. 11.        Predictive Maintenance Market Revenue, By Component, 2017, 2022, 2026 & 2030  51

FIG NO. 12.        Global Predictive Maintenance Market for Solutions, Revenue (USD Million) 2017 – 2030  52

FIG NO. 13.        Global Predictive Maintenance Market for Services, Revenue (USD Million) 2017 – 2030  54

FIG NO. 14.        Predictive Maintenance Market Revenue Share, By Technique, 2022 & 2030  57

FIG NO. 15.        Market Attractiveness Analysis, By Technique  58

FIG NO. 16.        Incremental Revenue Growth Opportunity by Technique  58

FIG NO. 17.        Predictive Maintenance Market Revenue, By Technique, 2017, 2022, 2026 & 2030  59

FIG NO. 18.        Global Predictive Maintenance Market for Vibration Monitoring, Revenue (USD Million) 2017 – 2030  60

FIG NO. 19.        Global Predictive Maintenance Market for Electrical Insulation, Revenue (USD Million) 2017 – 2030  62

FIG NO. 20.        Global Predictive Maintenance Market for Oil Analysis, Revenue (USD Million) 2017 – 2030  64

FIG NO. 21.        Global Predictive Maintenance Market for Ultrasonic Leak Detectors, Revenue (USD Million) 2017 – 2030  66

FIG NO. 22.        Global Predictive Maintenance Market for Performance Testing, Revenue (USD Million) 2017 – 2030  68

FIG NO. 23.        Predictive Maintenance Market Revenue Share, By End-user, 2022 & 2030  71

FIG NO. 24.        Market Attractiveness Analysis, By End-user  72

FIG NO. 25.        Incremental Revenue Growth Opportunity by End-user  72

FIG NO. 26.        Predictive Maintenance Market Revenue, By End-user, 2017, 2022, 2026 & 2030  73

FIG NO. 27.        Global Predictive Maintenance Market for Aerospace & Defense, Revenue (USD Million) 2017 – 2030  74

FIG NO. 28.        Global Predictive Maintenance Market for Manufacturing, Revenue (USD Million) 2017 – 2030  76

FIG NO. 29.        Global Predictive Maintenance Market for Healthcare, Revenue (USD Million) 2017 – 2030  78

FIG NO. 30.        Global Predictive Maintenance Market for Energy and Utilities, Revenue (USD Million) 2017 – 2030  80

FIG NO. 31.        Global Predictive Maintenance Market for Others (Automotive & Transportation), Revenue (USD Million) 2017 – 2030  82

FIG NO. 32.        Predictive Maintenance Market Revenue Share, By Deployment, 2022 & 2030  85

FIG NO. 33.        Market Attractiveness Analysis, By Deployment 86

FIG NO. 34.        Incremental Revenue Growth Opportunity by Deployment 86

FIG NO. 35.        Predictive Maintenance Market Revenue, By Deployment, 2017, 2022, 2026 & 2030  87

FIG NO. 36.        Global Predictive Maintenance Market for Cloud, Revenue (USD Million) 2017 – 2030  88

FIG NO. 37.        Global Predictive Maintenance Market for On-Premise, Revenue (USD Million) 2017 – 2030  90

FIG NO. 38.        Global Predictive Maintenance Market Revenue Share, By Region, 2022 & 2030  93

FIG NO. 39.        Market Attractiveness Analysis, By Region  94

FIG NO. 40.        Incremental Revenue Growth Opportunity by Region  94

FIG NO. 41.        Predictive Maintenance Market Revenue, By Region, 2017, 2022, 2026 & 2030  95

FIG NO. 42.        North America Predictive Maintenance Market Revenue, 2017 – 2022 (USD Million) 101

FIG NO. 43.        Europe Predictive Maintenance Market Revenue, 2017 – 2022 (USD Million) 108

FIG NO. 44.        Asia Pacific Predictive Maintenance Market Revenue, 2017 – 2022 (USD Million) 115

FIG NO. 45.        Latin America Predictive Maintenance Market Revenue, 2017 – 2022 (USD Million) 123

FIG NO. 46.        The Middle-East Predictive Maintenance Market Revenue, 2017 – 2022 (USD Million) 130

FIG NO. 47.        Africa Predictive Maintenance Market Revenue, 2017 – 2022 (USD Million) 137

FIG NO. 48.        Research Methodology – Detailed View   147

FIG NO. 49.        Research Methodology  148

 

 

List of Tables

TABLE NO. 1. :   Global Predictive Maintenance Market: Snapshot 29

TABLE NO. 2. :   Drivers for the Predictive Maintenance Market: Impact Analysis  34

TABLE NO. 3. :   Restraints for the Predictive Maintenance Market: Impact Analysis  36

TABLE NO. 4. :   Global Solutions Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 53

TABLE NO. 5. :   Global Solutions Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 53

TABLE NO. 6. :   Global Services Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 55

TABLE NO. 7. :   Global Services Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 55

TABLE NO. 8. :   Global Vibration Monitoring Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 61

TABLE NO. 9. :   Global Vibration Monitoring Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 61

TABLE NO. 10. : Global Electrical Insulation Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 63

TABLE NO. 11. : Global Electrical Insulation Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 63

TABLE NO. 12. : Global Oil Analysis Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 65

TABLE NO. 13. : Global Oil Analysis Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 65

TABLE NO. 14. : Global Ultrasonic Leak Detectors Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 67

TABLE NO. 15. : Global Ultrasonic Leak Detectors Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 67

TABLE NO. 16. : Global Performance Testing Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 69

TABLE NO. 17. : Global Performance Testing Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 69

TABLE NO. 18. : Global Aerospace & Defense Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 75

TABLE NO. 19. : Global Aerospace & Defense Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 75

TABLE NO. 20. : Global Manufacturing Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 77

TABLE NO. 21. : Global Manufacturing Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 77

TABLE NO. 22. : Global Healthcare Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 79

TABLE NO. 23. : Global Healthcare Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 79

TABLE NO. 24. : Global Energy and Utilities Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 81

TABLE NO. 25. : Global Energy and Utilities Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 81

TABLE NO. 26. : Global Others (Automotive & Transportation) Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 83

TABLE NO. 27. : Global Others (Automotive & Transportation) Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 83

TABLE NO. 28. : Global Cloud Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 89

TABLE NO. 29. : Global Cloud Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 89

TABLE NO. 30. : Global On-Premise Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 91

TABLE NO. 31. : Global On-Premise Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 91

TABLE NO. 32. : Global Predictive Maintenance Market Revenue, By Region, 2017 – 2022 (USD Million) 96

TABLE NO. 33. : Global Predictive Maintenance Market Revenue, By Region, 2023– 2030 (USD Million) 96

TABLE NO. 34. : Global Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 97

TABLE NO. 35. : Global Predictive Maintenance Market Revenue, By Component, 2023– 2030 (USD Million) 97

TABLE NO. 36. : Global Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 98

TABLE NO. 37. : Global Predictive Maintenance Market Revenue, By Technique, 2023– 2030 (USD Million) 98

TABLE NO. 38. : Global Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 99

TABLE NO. 39. : Global Predictive Maintenance Market Revenue, By End-user, 2023– 2030 (USD Million) 99

TABLE NO. 40. : Global Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 100

TABLE NO. 41. : Global Predictive Maintenance Market Revenue, By Deployment, 2023– 2030 (USD Million) 100

TABLE NO. 42. : North America Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 102

TABLE NO. 43. : North America Predictive Maintenance Market Revenue, By Country, 2023– 2030 (USD Million) 102

TABLE NO. 44. : North America Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 103

TABLE NO. 45. : North America Predictive Maintenance Market Revenue, By Component, 2023– 2030 (USD Million) 103

TABLE NO. 46. : North America Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 104

TABLE NO. 47. : North America Predictive Maintenance Market Revenue, By Technique, 2023– 2030 (USD Million) 104

TABLE NO. 48. : North America Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 105

TABLE NO. 49. : North America Predictive Maintenance Market Revenue, By End-user, 2023– 2030 (USD Million) 105

TABLE NO. 50. : North America Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 106

TABLE NO. 51. : North America Predictive Maintenance Market Revenue, By Deployment, 2023– 2030 (USD Million) 106

TABLE NO. 52. : Europe Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 109

TABLE NO. 53. : Europe Predictive Maintenance Market Revenue, By Country, 2023– 2030 (USD Million) 109

TABLE NO. 54. : Europe Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 110

TABLE NO. 55. : Europe Predictive Maintenance Market Revenue, By Component, 2023– 2030 (USD Million) 110

TABLE NO. 56. : Europe Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 111

TABLE NO. 57. : Europe Predictive Maintenance Market Revenue, By Technique, 2023– 2030 (USD Million) 111

TABLE NO. 58. : Europe Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 112

TABLE NO. 59. : Europe Predictive Maintenance Market Revenue, By End-user, 2023– 2030 (USD Million) 112

TABLE NO. 60. : Europe Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 113

TABLE NO. 61. : Europe Predictive Maintenance Market Revenue, By Deployment, 2023– 2030 (USD Million) 113

TABLE NO. 62. : Asia Pacific Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 116

TABLE NO. 63. : Asia Pacific Predictive Maintenance Market Revenue, By Country, 2023– 2030 (USD Million) 116

TABLE NO. 64. : Asia Pacific Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 118

TABLE NO. 65. : Asia Pacific Predictive Maintenance Market Revenue, By Component, 2023– 2030 (USD Million) 118

TABLE NO. 66. : Asia Pacific Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 119

TABLE NO. 67. : Asia Pacific Predictive Maintenance Market Revenue, By Technique, 2023– 2030 (USD Million) 119

TABLE NO. 68. : Asia Pacific Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 120

TABLE NO. 69. : Asia Pacific Predictive Maintenance Market Revenue, By End-user, 2023– 2030 (USD Million) 120

TABLE NO. 70. : Asia Pacific Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 121

TABLE NO. 71. : Asia Pacific Predictive Maintenance Market Revenue, By Deployment, 2023– 2030 (USD Million) 121

TABLE NO. 72. : Latin America Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 124

TABLE NO. 73. : Latin America Predictive Maintenance Market Revenue, By Country, 2023– 2030 (USD Million) 124

TABLE NO. 74. : Latin America Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 125

TABLE NO. 75. : Latin America Predictive Maintenance Market Revenue, By Component, 2023– 2030 (USD Million) 125

TABLE NO. 76. : Latin America Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 126

TABLE NO. 77. : Latin America Predictive Maintenance Market Revenue, By Technique, 2023– 2030 (USD Million) 126

TABLE NO. 78. : Latin America Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 127

TABLE NO. 79. : Latin America Predictive Maintenance Market Revenue, By End-user, 2023– 2030 (USD Million) 127

TABLE NO. 80. : Latin America Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 128

TABLE NO. 81. : Latin America Predictive Maintenance Market Revenue, By Deployment, 2023– 2030 (USD Million) 128

TABLE NO. 82. : Middle East Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 131

TABLE NO. 83. : Middle East Predictive Maintenance Market Revenue, By Country, 2023– 2030 (USD Million) 131

TABLE NO. 84. : Middle East Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 132

TABLE NO. 85. : Middle East Predictive Maintenance Market Revenue, By Component, 2023– 2030 (USD Million) 132

TABLE NO. 86. : Middle East Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 133

TABLE NO. 87. : Middle East Predictive Maintenance Market Revenue, By Technique, 2023– 2030 (USD Million) 133

TABLE NO. 88. : Middle East Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 134

TABLE NO. 89. : Middle East Predictive Maintenance Market Revenue, By End-user, 2023– 2030 (USD Million) 134

TABLE NO. 90. : Middle East Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 135

TABLE NO. 91. : Middle East Predictive Maintenance Market Revenue, By Deployment, 2023– 2030 (USD Million) 135

TABLE NO. 92. : Africa Predictive Maintenance Market Revenue, By Country, 2017 – 2022 (USD Million) 138

TABLE NO. 93. : Africa Predictive Maintenance Market Revenue, By Country, 2023– 2030 (USD Million) 138

TABLE NO. 94. : Africa Predictive Maintenance Market Revenue, By Component, 2017 – 2022 (USD Million) 139

TABLE NO. 95. : Africa Predictive Maintenance Market Revenue, By Component, 2023– 2030 (USD Million) 139

TABLE NO. 96. : Africa Predictive Maintenance Market Revenue, By Technique, 2017 – 2022 (USD Million) 140

TABLE NO. 97. : Africa Predictive Maintenance Market Revenue, By Technique, 2023– 2030 (USD Million) 140

TABLE NO. 98. : Africa Predictive Maintenance Market Revenue, By End-user, 2017 – 2022 (USD Million) 141

TABLE NO. 99. : Africa Predictive Maintenance Market Revenue, By End-user, 2023– 2030 (USD Million) 141

TABLE NO. 100. :             Africa Predictive Maintenance Market Revenue, By Deployment, 2017 – 2022 (USD Million) 142

TABLE NO. 101. :             Africa Predictive Maintenance Market Revenue, By Deployment, 2023– 2030 (USD Million) 142