Global Predictive Maintenance Industry Analysis Report 2023-2030: How AI Will Revolutionize Predictive Maintenance, AI Embedded Sensors Vital for Real-Time Fault Detection & Outsmarting Failure

News provided by

Oct 26, 2023, 06:00 ET

DUBLIN, Oct. 26, 2023 /PRNewswire/ -- The "Predictive Maintenance - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Predictive Maintenance Market to Reach $32 Billion by 2030

The global market for Predictive Maintenance estimated at US$5.6 Billion in the year 2022, is projected to reach a revised size of US$32 Billion by 2030, growing at a CAGR of 24.4% over the analysis period 2022-2030.

Cloud, one of the segments analyzed in the report, is projected to record 28.7% CAGR and reach US$18.1 Billion by the end of the analysis period. Growth in the On-Premise segment is estimated at 20.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 30.3% CAGR

The Predictive Maintenance market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 30.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.3% and 22.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.4% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Predictive Maintenance - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Plant Asset Maintenance, the Cornerstone for Achieving Excellence in Manufacturing Productivity
Why Migrate to Predictive Maintenance? What's In It for Companies?
With Manufacturing Competitiveness Increasing by the Day, PdM is the Right Step Forward Towards to Higher Value, Smart Manufacturing: Global Manufacturing Competitiveness Index (10-100 Index Score) by Country for the Year 2020
Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
Continued High Unemployment Levels Challenges Growth in Industries Reliant on Consumer Discretionary Incomes
How the Machinery & Manufacturing Automation Industries Are Impacted by the Pandemic & What's the New Normal?
Global Machine Tools Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Manufacturing Automation
The Growing Momentum Towards Manufacturing Automation to Encourage New Pathways to Automating Machine Maintenance: Global Manufacturing Automation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Predictive Maintenance: Definition, Scope, Importance, Benefits & Applications
Recent Market Activity
Innovations
World Brands

MARKET TRENDS & DRIVERS

The Age of Analytics Made More Important by COVID-19 Provides the Cornerstone for the Disruptive Growth of Predictive Maintenance
Here's How the Rise of "Predictive Analytics" Will Bring the Concept of Predictive Maintenance to Fruition
Applications of Predictive Analytics Expand from Fraud Detection, Personalized Marketing to Asset Management: Global Investments in Predictive Analytics (In US$ Billion) for the Years 2020, 2022, 2024 & 2026
Industry 4.0 Pushes Up the Effectiveness of Predictive Maintenance
Market to Witness Unconventional Growth as Effectiveness of Predictive Analytics in Predicting Failure & Maintenance Event Improves on the Back of IIoT
Sensors Remain a Critical Component of Predictive Maintenance
Data Communication Systems, the Backbone for Successful Predictive Maintenance
Here's How AI Will Revolutionize Predictive Maintenance
AI Embedded Sensors Vital for Real-Time Fault Detection & Outsmarting Failure
Growing Investments in AI by Manufacturing Companies Will Promote Innovative Uses of AI in Machine Condition Monitoring: Global AI Investments in Manufacturing (In US$ Billion) for the Years 2019, 2022 and 2025
Harnessing the Power of Cloud Computing Remains Crucial for Effective Predictive Maintenance
What Has Blockchain to Offer for Predictive Maintenance?
Predictive Maintenance for Medical Devices Grows in Popularity as Hospitals Focus on Enhancing Asset Efficiency
Focus on Smart Fleet Management Drives Adoption of Predictive Maintenance

FOCUS ON SELECT PLAYERS (Total 58 Featured)

ABB Ltd.
Bosch Group
Comarch SA
Bosch Software Innovations GmbH
Dell Technologies, Inc.
AKKA Technologies
Altizon Inc.
AllBlock
Arch Systems
Arrelic
Danlex
Cybus
Alteria Automation
Ainsworth
3Soft S.A

For more information about this report visit https://www.researchandmarkets.com/r/m04q65

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets