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

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

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