Report Description

The global predictive maintenance market was valued at USD4.270 billion in 2020 and is projected to grow around USD22.429 billion by 2026 due to the proliferation of industry 4.0, wireless communication, rising artificial intelligence, machine learning, and IoT are expected to drive industry growth in the forecast period. However, growth in the industry was hampered in the year 2020, owing primarily to global lockdowns that resulted in a halt in economic activity, but the demand recovered after the second quarter.

Predictive maintenance is the application of data-driven, proactive repair approaches to analyze equipment status and anticipate when maintenance should be conducted. Predictive maintenance software employs artificial intelligence and machine learning techniques, as well as predictive analytics, to forecast when a piece of equipment will malfunction, enabling preemptive maintenance to be scheduled before the failure occurs. The goal is to conduct maintenance at the most convenient and cost-effective time possible, maximizing the equipment's lifespan while preventing it from being affected.

Increasing Demand in Aerospace and Defense to Boost the Growth

Predictive maintenance is increasingly becoming the most significant strategy across many industries, especially in Aerospace, due to the growing need for greater operational reliability, lower maintenance costs, and increased safety. Machine Learning-based Diagnostics and Prognostics techniques, as opposed to traditional approaches in building Predictive maintenance solutions, are becoming increasingly popular as newer aircraft are equipped with more sensors. Using predictive maintenance in aerospace and defense provides real-time diagnostics using cloud service providers such as Amazon Web Services that have the potential to detect patterns and enable early failure detection and isolation. Predictive msaintenance also provides real-time flight assistance that blocks temporary inconsistencies between airspeed measurements which occurs due to speed sensors being covered by ice crystals.

Use of Industry 4.0 to Positively Influence the Growth

Predictive maintenance involves collecting and evaluating data from machines to increase efficiency and optimize the maintenance process. Implementing the technology industry 4.0 for predictive maintenance leads to higher process transparency, lower maintenance costs, reduced machine downtime, enhanced product lifespan, etc. Industry 4.0 enables the possibility of identifying patterns of behavior that more precisely predict when the equipment is going to experience a failure. In manufacturing industries, heat exchangers can experience blockage due to clogs which can cause serious complications resulting in manufacturing errors and hours of downtime. By measuring temperature differences upstream and downstream of the heat exchanger, a threshold value can be estimated which can be used in predictive maintenance software to be used as an alert sign. Revolutionary technology industry 4.0 comprises integrated systems, predictive maintenance, additive manufacturing, augmented reality, internet of things, simulation, autonomous robots, a platform, and cyber security, which works in a loop to complete a process.

Increased Usage of Logistics and Transportation to Drive the Market Growth

By predicting when parts might fail based on performance, data and information, predictive maintenance has the potential to assist transportation industries to avoid machinery breakdowns while lowering maintenance costs. Predictive maintenance in the transportation and logistics business uses AI-assisted maintenance, allowing users to make repair decisions based on the vehicle's present state rather than pre-determined time intervals. Inspection and preservation of transport devices and equipment have always been used to maintain logistics and transportation resources. In today's world, new technologies are having an increasing impact on the transportation industry. Artificial intelligence and other data processing tools enable intelligent and speedy data interpretation, resulting in a shift in corporate planning and maintenance tasks. Predictive analytics is being used to satisfy the rising needs of industries as this tool has been acknowledged as having the greatest impact on the supply chain by the logistics and transportation industries.


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Market Segmentation

The global predictive maintenance market can be segmented based on Component, Testing type, Deployment type, Organization Size, End User, and Region. Based on Component, the market can be segmented into service and solution. In terms of Testing Type, the market is segmented into Vibration Analysis, Power System Assessment, Infrared Thermal Inspections, Insulating Fluid Analysis, Circuit Monitoring Analysis, Others. Based on Deployments, the market is segmented into On-Premise and Cloud. Based on the Organization Size, the market is segmented into SME and Large Enterprise. Based on the end user, the market is bifurcated into Aerospace and Defense, Energy and Infrastructure, Logistics and Transportation, Manufacturing, Oil and Gas, Automotive, Retail and Ecommerce, Others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, European region, Asia-Pacific region, Middle East & African region and South American region.

Company Profiles

Schneider Electric SE, Hitachi Technologies Co Ltd, IBM Corp., Siemens AG, Bosch Software Innovations GmbH, Microsoft Corporation, TIBCO Software Inc., C3 Inc., SAP SE, Software AG, PTC Inc., General Electric Company, etc. are the major players operating in the global predictive maintenance market.

Attribute

Details

Market Size Value in 2020

USD4.27 Billion

Revenue Forecast in 2026

USD22.429 Billion

Growth Rate

31.85%

Base Year

2020

Historical Years

2016 – 2019

Estimated Year

2021

Forecast Period

2022 – 2026

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2016-2020 and 2021-2026

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Component

·         Testing Type

·         Deployment

·         Organization Size

·         End User

Regional Scope

North America; Europe; Asia-Pacific; Middle East & Africa; South America

Country Scope

United States; Canada; Mexico; Germany; France; Italy; United Kingdom; Netherlands; China; Japan; South Korea; India; Singapore; Australia; Vietnam; UAE; Saudi Arabia; South Africa; Egypt; Turkey; Nigeria; Brazil; Argentina; Colombia; Chile

Key Companies Profiled

Schneider Electric SE, Hitachi Technologies Co Ltd, IBM Corp., Siemens AG, Bosch Software Innovations GmbH, Microsoft Corporation, TIBCO Software Inc., C3 Inc., SAP SE, Software AG, PTC Inc., General Electric Company, Rockwell Automation Inc., Honeywell International Inc., Fujitsu Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the Global Predictive Maintenance Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Predictive Maintenance Market, By Component:
    • Service
    • Solution

·         Predictive Maintenance Market, By Testing Type:

o   Vibration Analysis

o   Power System Assessment

o   Infrared Thermal Inspections

o   Insulating Fluid Analysis

o   Circuit Monitoring Analysis

o   Others

  • Predictive Maintenance Market, By Deployment:
    • On-Premise
    • Cloud
  • Predictive Maintenance Market, By Organization Size:
    • SME
    • Large Enterprise
  • Predictive Maintenance Market, By End User:
    • Aerospace and Defense
    • Energy and Infrastructure
    • Logistics & Transportation
    • Manufacturing
    • Oil and Gas
    • Automotive
    • Retail and Ecommerce
    • Others
  • Predictive Maintenance Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Italy
      • United Kingdom
      • Netherlands
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • India
      • Singapore
      • Australia
      • Vietnam
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • South Africa
      • Egypt
      • Turkey
      • Nigeria
    • South America
      • Brazil
      • Argentina
      • Chile
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Predictive Maintenance market.

Available Customizations:

With the given Market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you do not find what, you are looking for, please get in touch with our custom research team at [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Predictive Maintenance Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Predictive Maintenance Usage Percent Share, By Component of Industrial Asset

5.2.  Predictive Maintenance Usage Percent Share, By Component of Deployment

5.3.  Satisfaction Score - Existing Predictive Maintenance Software

5.4.  Percent Usage Share, By Component of Predictive Maintenance Software

6.    Global Predictive Maintenance Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Component (Service, Solution)

6.2.2.     By Testing Type (Vibration Analysis, Power System Assessment, Infrared Thermal Inspection, Insulating Fluid Analysis, Circuit Monitoring Analysis, Automotive, Retail and Ecommerce, Others)

6.2.3.     By Deployment (On-Premise, Cloud)

6.2.4.     By Organization Size (SME, Large Enterprise)

6.2.5.     By End User (Aerospace and Defense, Energy and Infrastructure, Logistics & Transportation, Manufacturing, Oil and Gas, Automotive, Retail and Ecommerce, Others)

6.2.6.     By Company (2020)

6.2.7.     By Region

6.3.  Market Map

7.    North America Predictive Maintenance Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Component

7.2.2.     By Testing Type

7.2.3.     By Deployment

7.2.4.     By Organization Size

7.2.5.     By End User

7.2.6.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Predictive Maintenance Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Component

7.3.1.2.2.             By Testing Type

7.3.1.2.3.             By Deployment

7.3.1.2.4.             By Organization Size

7.3.1.2.5.             By End User

7.3.2.     Canada Predictive Maintenance Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Component

7.3.2.2.2.             By Testing Type

7.3.2.2.3.             By Deployment

7.3.2.2.4.             By Organization Size

7.3.2.2.5.             By End User

7.3.3.     Mexico Predictive Maintenance Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Component

7.3.3.2.2.             By Testing Type

7.3.3.2.3.             By Deployment

7.3.3.2.4.             By Organization Size

7.3.3.2.5.             By End User

8.    Europe Predictive Maintenance Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Component

8.2.2.     By Testing Type

8.2.3.     By Deployment

8.2.4.     By Organization Size

8.2.5.     By End User

8.2.6.     By Country

8.3.  Europe: Country Analysis

8.3.1.     Germany Predictive Maintenance Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Component

8.3.1.2.2.             By Testing Type

8.3.1.2.3.             By Deployment

8.3.1.2.4.             By Organization Size

8.3.1.2.5.             By End User

8.3.2.     United Kingdom Predictive Maintenance Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Component

8.3.2.2.2.             By Testing Type

8.3.2.2.3.             By Deployment

8.3.2.2.4.             By Organization Size

8.3.2.2.5.             By End User

8.3.3.     France Predictive Maintenance Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Component

8.3.3.2.2.             By Testing Type

8.3.3.2.3.             By Deployment

8.3.3.2.4.             By Organization Size

8.3.3.2.5.             By End User

8.3.4.     Netherlands Predictive Maintenance Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Component

8.3.4.2.2.             By Testing Type

8.3.4.2.3.             By Deployment

8.3.4.2.4.             By Organization Size

8.3.4.2.5.             By End User

8.3.5.     Italy Predictive Maintenance Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Component

8.3.5.2.2.             By Testing Type

8.3.5.2.3.             By Deployment

8.3.5.2.4.             By Organization Size

8.3.5.2.5.             By End User

9.    Asia-Pacific Predictive Maintenance Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Component

9.2.2.     By Testing Type

9.2.3.     By Deployment

9.2.4.     By Organization Size

9.2.5.     By End User

9.2.6.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Global Predictive Maintenance Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Component

9.3.1.2.2.             By Testing Type

9.3.1.2.3.             By Deployment

9.3.1.2.4.             By Organization Size

9.3.1.2.5.             By End User

9.3.2.     Japan Predictive Maintenance Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Component

9.3.2.2.2.             By Testing Type

9.3.2.2.3.             By Deployment

9.3.2.2.4.             By Organization Size

9.3.2.2.5.             By End User

9.3.3.     India Predictive Maintenance Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Component

9.3.3.2.2.             By Testing Type

9.3.3.2.3.             By Deployment

9.3.3.2.4.             By Organization Size

9.3.3.2.5.             By End User

9.3.4.     South Korea Predictive Maintenance Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Component

9.3.4.2.2.             By Testing Type

9.3.4.2.3.             By Deployment

9.3.4.2.4.             By Organization Size

9.3.4.2.5.             By End User

9.3.5.     Australia Predictive Maintenance Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Component

9.3.5.2.2.             By Testing Type

9.3.5.2.3.             By Deployment

9.3.5.2.4.             By Organization Size

9.3.5.2.5.             By End User

9.3.6.     Singapore Predictive Maintenance Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Component

9.3.6.2.2.             By Testing Type

9.3.6.2.3.             By Deployment

9.3.6.2.4.             By Organization Size

9.3.6.2.5.             By End User

9.3.7.     Vietnam Predictive Maintenance Market Outlook

9.3.7.1.         Market Size & Forecast

9.3.7.1.1.             By Value

9.3.7.2.         Market Share & Forecast

9.3.7.2.1.             By Component

9.3.7.2.2.             By Testing Type

9.3.7.2.3.             By Deployment

9.3.7.2.4.             By Organization Size

9.3.7.2.5.             By End User

10.  Middle East and Africa Predictive Maintenance Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Component

10.2.2.  By Testing Type

10.2.3.  By Deployment

10.2.4.  By Organization Size

10.2.5.  By End User

10.2.6.  By Country

10.3.              MEA: Country Analysis

10.3.1.  UAE Predictive Maintenance Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Component

10.3.1.2.2.           By Testing Type

10.3.1.2.3.           By Deployment

10.3.1.2.4.           By Organization Size

10.3.1.2.5.           By End User

10.3.2.  Saudi Arabia Predictive Maintenance Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Component

10.3.2.2.2.           By Testing Type

10.3.2.2.3.           By Deployment

10.3.2.2.4.           By Organization Size

10.3.2.2.5.           By End User

10.3.3.  South Africa Predictive Maintenance Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Component

10.3.3.2.2.           By Testing Type

10.3.3.2.3.           By Deployment

10.3.3.2.4.           By Organization Size

10.3.3.2.5.           By End User

10.3.4.  Turkey Predictive Maintenance Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Component

10.3.4.2.2.           By Testing Type

10.3.4.2.3.           By Deployment

10.3.4.2.4.           By Organization Size

10.3.4.2.5.           By End User

10.3.5.  Egypt Predictive Maintenance Market Outlook

10.3.5.1.      Market Size & Forecast

10.3.5.1.1.           By Value

10.3.5.2.      Market Share & Forecast

10.3.5.2.1.           By Component

10.3.5.2.2.           By Testing Type

10.3.5.2.3.           By Deployment

10.3.5.2.4.           By Organization Size

10.3.5.2.5.           By End User

10.3.6.  Nigeria Predictive Maintenance Market Outlook

10.3.6.1.      Market Size & Forecast

10.3.6.1.1.           By Value

10.3.6.2.      Market Share & Forecast

10.3.6.2.1.           By Component

10.3.6.2.2.           By Testing Type

10.3.6.2.3.           By Deployment

10.3.6.2.4.           By Organization Size

10.3.6.2.5.           By End User

11.  South America Predictive Maintenance Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Component

11.2.2.  By Testing Type

11.2.3.  By Deployment

11.2.4.  By Organization Size

11.2.5.  By End User

11.2.6.  By Country

11.3.              South America: Country Analysis

11.3.1.  Brazil Predictive Maintenance Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Component

11.3.1.2.2.           By Testing Type

11.3.1.2.3.           By Deployment

11.3.1.2.4.           By Organization Size

11.3.1.2.5.           By End User

11.3.2.  Argentina Predictive Maintenance Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Component

11.3.2.2.2.           By Testing Type

11.3.2.2.3.           By Deployment

11.3.2.2.4.           By Organization Size

11.3.2.2.5.           By End User

11.3.3.  Colombia Predictive Maintenance Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Component

11.3.3.2.2.           By Testing Type

11.3.3.2.3.           By Deployment

11.3.3.2.4.           By Organization Size

11.3.3.2.5.           By End User

11.3.4.  Chile Predictive Maintenance Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Component

11.3.4.2.2.           By Testing Type

11.3.4.2.3.           By Deployment

11.3.4.2.4.           By Organization Size

11.3.4.2.5.           By End User

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.              Schneider Electric SE

14.2.              Hitachi Technologies Co Ltd

14.3.              IBM Corporation

14.4.              Siemens AG

14.5.              Bosch Software Innovations GmbH

14.6.              Microsoft Corporation

14.7.              TIBCO Software Inc.

14.8.              C3 Inc.

14.9.              SAP SE

14.10.            Software AG

14.11.            PTC Inc.

14.12.            General Electric Company

14.13.            Rockwell Automation Inc.

14.14.            Honeywell International Inc.

14.15.            Fujitsu Ltd

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Figure 1:  Global Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 2:  Global Population (Million), 2016-2020
Figure 3:  Global Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 4:  Global Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 5:  Global Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 6:  Global Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 7:  Global Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 8:  Global Predictive Maintenance Market Share, By Company, By Value, 2020
Figure 9:  Global Predictive Maintenance Market Share, By Region, By Value, 2020 -2026F
Figure 10: Product Market Map, By Component, Market Size (USD Million) & Growth Rate (%), 2020
Figure 11: Product Market Map, By Testing Type, Market Size (USD Million) & Growth Rate (%), 2020
Figure 12: Product Market Map, By Deployment, Market Size (USD Million) & Growth Rate (%), 2020
Figure 13: Product Market Map, By Organization Size, Market Size (USD Million) & Growth Rate (%), 2020
Figure 14: Product Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2020
Figure 15: Product Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2020
Figure 16: North America Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 17: North America Population (Million), 2016-2020
Figure 18: North America Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 19: North America Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 20: North America Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 21: North America Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 22: North America Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 23: North America Predictive Maintenance Market Share, By Country, By Value, 2020 -2026F
Figure 24: United States Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 25: United States Population (Million), 2016-2020
Figure 26: United States Predictive Maintenance Market Share, By Component, By Value, 2016-2026F
Figure 27: United States Predictive Maintenance Market Share, By Testing Type, By Value, 2016-2026F
Figure 28: United States Predictive Maintenance Market Share, By Deployment, By Value, 2016-2026F
Figure 29: United States Predictive Maintenance Market Share, By Organization Size, By Value, 2016-2026F
Figure 30: United States Predictive Maintenance Market Share, By End User, By Value, 2016-2026F
Figure 31: Canada Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 32: Canada Population (Million), 2016-2020
Figure 33: Canada Predictive Maintenance Market Share, By Component, By Value, 2016-2026F
Figure 34: Canada Predictive Maintenance Market Share, By Testing Type, By Value, 2016-2026F
Figure 35: Canada Predictive Maintenance Market Share, By Deployment, By Value, 2016-2026F
Figure 36: Canada Predictive Maintenance Market Share, By Organization Size, By Value, 2016-2026F
Figure 37: Canada Predictive Maintenance Market Share, By End User, By Value, 2016-2026F
Figure 38: Mexico Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 39: Mexico Population (Million), 2016-2020
Figure 40: Mexico Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 41: Mexico Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 42: Mexico Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 43: Mexico Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 44: Mexico Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 45: Europe Population (Million), 2016-2020
Figure 46: Europe Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 47: Europe Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 48: Europe Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 49: Europe Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 50: Europe Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 51: Europe Predictive Maintenance Market Share, By Country, By Value, 2020 -2026F
Figure 52: United Kingdom Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 53: United Kingdom Population (Million), 2016-2020
Figure 54: United Kingdom Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 55: United Kingdom Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 56: United Kingdom Predictive Maintenance Market Share, By Deployment, By Value,2016-2026
Figure 57: United Kingdom Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026
Figure 58: United Kingdom Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 59: Germany Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 60: Germany Population (Million), 2016-2020
Figure 61: Germany Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 62: Germany Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 63: Germany Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 64: Germany Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 65: Germany Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 66: France Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 67: France Population (Million), 2016-2020
Figure 68: France Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 69: France Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 70: France Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 71: France Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 72: France Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 73: Netherlands Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 74: Netherlands Population (Million), 2016-2020
Figure 75: Netherlands Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 76: Netherlands Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 77: Netherlands Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 78: Netherlands Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 79: Netherlands Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 80: Italy Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 81: Italy Population (Million), 2016-2020
Figure 82: Italy Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 83: Italy Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 84: Italy Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 85: Italy Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 86: Italy Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 87: Asia-Pacific Population (Million), 2016-2020
Figure 88: Asia-Pacific Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 89: Asia-Pacific Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 90: Asia-Pacific Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 91: Asia-Pacific Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 92: Asia-Pacific Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 93: Asia-Pacific Predictive Maintenance Market Share, By Country, By Value, 2020 -2026F
Figure 94: China Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 95: China Population (Million), 2016-2020
Figure 96: China Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 97: China Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 98: China Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 99: China Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 100: China Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 101: Japan Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 102: Japan Population (Million), 2016-2020
Figure 103: Japan Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 104: Japan Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 105: Japan Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 106: Japan Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 107: Japan Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 108: India Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 109: India Population (Million), 2016-2020
Figure 110: India Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 111: India Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 112: India Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 113: India Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 114: India Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 115: South Korea Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 116: South Korea Population (Million), 2016-2020
Figure 117: South Korea Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 118: South Korea Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 119: South Korea Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 120: South Korea Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 121: South Korea Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 122: Australia Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 123: Australia Population (Million), 2016-2020
Figure 124: Australia Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 125: Australia Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 126: Australia Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 127: Australia Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 128: Australia Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 129: Singapore Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 130: Singapore Population (Million), 2016-2020
Figure 131: Singapore Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 132: Singapore Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 133: Singapore Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 134: Singapore Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 135: Singapore Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 136: Vietnam Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 137: Vietnam Population (Million), 2016-2020
Figure 138: Vietnam Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 139: Vietnam Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 140: Vietnam Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 141: Vietnam Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 142: Vietnam Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 143: Middle East & Africa Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 144: Middle East & Africa Population (Million), 2016-2020
Figure 145: Middle East & Africa Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 146: Middle East & Africa Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 147: Middle East & Africa Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 148: Middle East & Africa Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 149: Middle East & Africa Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 150: Middle East & Africa Predictive Maintenance Market Share, By Country, By Value, 2020 -2026F
Figure 151: UAE Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 152: UAE Population (Million), 2016-2020
Figure 153: UAE Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 154: UAE Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 155: UAE Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 156: UAE Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 157: UAE Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 158: Saudi Arabia Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 159: Saudi Arabia Population (Million), 2016-2020
Figure 160: Saudi Arabia Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 161: Saudi Arabia Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 162: Saudi Arabia Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 163: Saudi Arabia Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 164: Saudi Arabia Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 165: South Africa Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 166: South Africa Population (Million), 2016-2020
Figure 167: South Africa Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 168: South Africa Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 169: South Africa Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 170: South Africa Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 171: South Africa Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 172: Turkey Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 173: Turkey Population (Million), 2016-2020
Figure 174: Turkey Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 175: Turkey Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 176: Turkey Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 177: Turkey Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 178: Turkey Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 179: Egypt Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 180: Egypt Population (Million), 2016-2020
Figure 181: Egypt Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 182: Egypt Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 183: Egypt Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 184: Egypt Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 185: Egypt Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 186: Nigeria Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 187: Nigeria Population (Million), 2016-2020
Figure 188: Nigeria Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 189: Nigeria Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 190: Nigeria Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 191: Nigeria Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 192: Nigeria Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 193: South America Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 194: South America Population (Million), 2016-2020
Figure 195: South America Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 196: South America Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 197: South America Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 198: South America Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 199: South America Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 200: South America Predictive Maintenance Market Share, By Country, By Value, 2020 -2026F
Figure 201: Brazil Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 202: Brazil Population (Million), 2016-2020
Figure 203: Brazil Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 204: Brazil Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 205: Brazil Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 206: Brazil Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 207: Brazil Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 208: Argentina Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 209: Argentina Population (Million), 2016-2020
Figure 210: Argentina Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 211: Argentina Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 212: Argentina Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 213: Argentina Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 214: Argentina Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 215: Colombia Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 216: Colombia Population (Million), 2016-2020
Figure 217: Colombia Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 218: Colombia Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 219: Colombia Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 220: Colombia Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F
Figure 221: Colombia Predictive Maintenance Market Share, By End User, By Value,2016-2026F
Figure 222: Chile Predictive Maintenance Market Size, By Value (USD Million), 2016-2026F
Figure 223: Chile Population (Million), 2016-2020
Figure 224: Chile Predictive Maintenance Market Share, By Component, By Value,2016-2026F
Figure 225: Chile Predictive Maintenance Market Share, By Testing Type, By Value,2016-2026F
Figure 226: Chile Predictive Maintenance Market Share, By Deployment, By Value,2016-2026F
Figure 227: Chile Predictive Maintenance Market Share, By Organization Size, By Value,2016-2026F

Frequently asked questions

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The global predictive maintenance market stood at USD4.270 billion in 2020 primarily due to the rapid adoption of industry 4.0 methodologies and due to the increased adoption in the manufacturing and aerospace and defense industry.

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The global predictive maintenance market is expected to grow at a CAGR of 31.85% in the forecast period (2021E-2026F) due to the rapid adoption of artificial intelligence, machine learning and wireless communication techniques and increased benefits of the vast reduction in unplanned downtime and more controlled maintenance scheduling.

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Schneider Electric SE, Hitachi Technologies Co Ltd, IBM Corp., Siemens AG, Bosch Software Innovations GmbH, Microsoft Corporation, TIBCO Software Inc., C3 Inc., SAP SE, Software AG, PTC Inc., are some of the major players operating in the global predictive maintenance market.

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Regionally, North America held a majority share in the year 2020 of about USD1.19 billion and is expected to dominate the market in the forecast period as well, owing to increasing manufacturing activities and adoption of Industry 4.0 at a rapid pace.

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Sakshi Bajaal

Business Consultant
Press Release

Predictive Maintenance Market to Reach USD22.429 Billion by 2026

Jan, 2022

Adoption of Industry 4.0 technologies, increased usage of wireless communication, enhanced product quality and maintenance speed of equipment drive the growth of global predictive maintenance market