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
Friday, November 3, 2023
DUBLIN, Oct. 26, 2023 /PRNewswire/ -- The "Predictive Maintenance - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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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
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