The predictive maintenance market is projected to reach US$ 26,588.00 million by 2028 from US$ 5,316.99 million in 2021. it is expected to grow at a CAGR of 27.4% during 2022–2028.
In recent decades, the high demand to reduce increasingly expensive energy costs and shift toward a sustainable future have made energy audits important. As energy expenditure is a major concern for industries, companies are continuously checking the energy consumption and significantly aiming to minimize it. Based on a report by the US Energy Department, energy expenditure accounts for about 20% of the average manufacturer's expenditure. Furthermore, energy and utility companies face significant challenges, including environmental concerns, rising operating costs, increasing consumer expectations, and changing regulatory guidelines. These challenges drive the uptake of different analytical tools due to the growing need for better insight into usage and performance patterns to make better decisions.
Again, power line inspection in the energy sector is complex, primarily due to remote locations, hard-to-reach structures, and high labor costs. In contrast, predictive maintenance through unmanned aerial inspection solves this problem, as these lightweight and inexpensive drones provide high-quality visual and sensory inspection of power transmission and distribution towers, networks, pipelines, and other hard-to-reach locations. Hence, companies continuously adopt predictive maintenance models to operate their assets efficiently. As utility companies are increasingly adopting digital transformation to reduce unplanned production and distribution halts and compete more effectively, there is a growing need for services that support such continuous production capabilities. Such factors collectively are expected to strongly boost the predictive maintenance market size over the next few years.
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Predictive Maintenance Market: Strategic Insights
Market Size Value in US$ 5,316.99 Million in 2021 Market Size Value by US$ 26,588.00 Million by 2028 Growth rate CAGR of 27.4% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Predictive Maintenance Market: Strategic Insights
| Market Size Value in | US$ 5,316.99 Million in 2021 |
| Market Size Value by | US$ 26,588.00 Million by 2028 |
| Growth rate | CAGR of 27.4% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Predictive Maintenance Market Growth
During the COVID-19 outbreak, the continuous growth in COVID-19 patient pool size compelled government authorities to impose stringent travel bans across the US and other regions in the first three quarters of 2020, which led to significant disruptions of the normal functioning of various industries. Implementing containment measures such as trade bans, travel restrictions, and workplace workforce limitations impacted various businesses' manufacturing, supply, and sales. Hence, enterprises had to adapt to the changing environment to remain afloat and minimize losses. Oil & gas and power-generating facilities reduced their activity, including shutting down construction, operations, and maintenance projects at several locations, after issuing of multiple "stay at home" orders by state governors across countries. This gave enterprises sufficient time to examine their machinery, increasing the demand for predictive analytics solutions, which boosted predictive maintenance market growth.
Key predictive maintenance market players witnessed a sharp increase in demand post Q4 of 2020 since most industry verticals were increasingly turning to analytics, collaboration applications, security solutions, and AI to outline sustainable ways to continue business operations amid the threat of the pandemic. Predictive maintenance aided industries in continuing round-the-clock operations without any unforeseen equipment breakdown. Hence, the pandemic positively impacted the predictive maintenance market growth.
Lucrative Regions for Predictive Maintenance Market
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Market Insights – Predictive Maintenance Market
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In the manufacturing industry, manufacturers had to rely on a reactive maintenance model to repair only after the failure of a particular unit, which caused a high maintenance cost and paralyzed long periods of unscheduled downtime. Hence, these factors inevitably led to a lower quality output produced. With predictive maintenance models integrated into IoT and IIoT, manufacturing industry players can significantly reduce costs by eliminating the need for unnecessarily frequent maintenance. Hence, manufacturing companies are comprehensively integrating predictive maintenance models to identify and predict potential problems given the specific information extracted from each unit, thereby maintaining overall manufacturing health in the process.
As a result, the rising prevalence of industry 4.0 coupled with a surge in manufacturing units worldwide is aiding the growth of the predictive maintenance market. Predictive maintenance is expected to be as important as enterprise resource planning (ERP) to industrial organizations in the future due to the growing equipment performance commensurate with demonstrating best practices, adhering to industry standards, and generating a competitive advantage over the others. Currently, Asia Pacific is leading the race of industrialization. China, India, and other major economies in this region are becoming the next manufacturing hub globally.
Deployment Type-Based Insights
The predictive maintenance market, by deployment type, is segmented into cloud and on-premise. Cloud is expected to remain the largest segment during the forecast period. The cloud segment is growing considerably due to several advantageous characteristics, such as scalability and cost-effectiveness, which are expected to propel the growth of the predictive maintenance market during the forecast period. The growth of this segment can also be attributed to faster data processing and direct IT control, the efficient use of resources, and the cost-effectiveness of cloud models.
The predictive maintenance market is segmented on the basis of component, deployment type, technique, and industry. Based on component, the market is segmented into solutions and services. Based on deployment type, the market is classified into cloud and on-premise. Based on technique, the market is segmented into vibration monitoring, electrical testing, oil analysis, ultrasonic leak detectors, shock pulse, infrared, and others. Based on industry, the market is segmented into manufacturing, energy & utilities, aerospace & defense, transportation & logistics, oil & gas, and others.
Based on geography, the predictive maintenance market is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). General Electric Co., Hitachi Ltd., IBM Corporation, Microsoft Corporation, PTC, Inc., SAS Institute Inc., Schneider Electric SE, Software AG, Syncron AB, and TOSL Engineering Ltd. are key predictive maintenance market players.
Predictive maintenance market players mainly focus on tailor-made solutions to create customer value.
- In April, 2022, Wärtsilä Corporation signed an Optimized Maintenance Agreement (OMA) covering two LNG carrier vessels technically managed and operated by the Japanese shipping group MMS Co., Ltd. The agreement is expected to deliver maximized engine uptime and long-term cost predictability while optimizing maintenance for the highest efficiency and lowest carbon footprint. Wärtsilä’s predictive maintenance solution, Expert Insight, is also included in the agreement.
- In July, 2021, Schneider Electric implemented predictive maintenance for Nestlé’s Dubai South factory. This solution is expected to aid Nestlé’s operations team monitor power management, electrical loads, and temperature settings from all of the factory’s connected assets, so they can address issues proactively, avoid unplanned downtime and mitigate safety risks.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment Type, Technique, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, US
Frequently Asked Questions
The predictive maintenance market is expected to reach US$ 26,588.00 Mn by 2028.
The incremental growth, expected to be recorded for the predictive maintenance market during the forecast period, is US$ 20,375.64 million.
The cloud segment led the predictive maintenance market with a significant share in 2021 and it is also expected to grow with the highest CAGR.
The country anticipated to grow with the highest CAGR are Canada, Germany and China.
The US held the largest market share in 2021, followed by China.
APAC is anticipated to grow with the highest CAGR over the forecast period.
The key players, holding majority shares, in predictive maintenance market includes IBM Corporation, General Electric Co., Schneider Electric SE, Microsoft Corporation and Hitachi Ltd.
The proliferation of IoT and AI technologies is anticipated to play a significant role in conducting predictive maintenance in the coming years. AI can make specific recommendations on what action needs to be taken to maintain the health of the company assets.
The increasing need to boost asset uptime and minimize maintenance costs coupled with rise in investments in predictive maintenance owing to IoT adoption are the major factors that propel the predictive maintenance market growth.
The global predictive maintenance market was estimated to be USD 5,316.99 Mn million in 2021 and is expected to grow at a CAGR of 27.4 %, during the forecast period 2022 - 2028.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Predictive Maintenance Market – By Component
1.3.2 Predictive Maintenance Market – By Deployment Type
1.3.3 Predictive Maintenance Market – By Technique
1.3.4 Predictive Maintenance Market – By Industry
1.3.5 Predictive Maintenance Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Predictive Maintenance Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights – List of Key Suppliers, By Technique, in North America and Europe
5. Predictive Maintenance Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Prevalence of Industry 4.0
5.1.2 Increasing Focus on Energy Inspections across Industries
5.2 Market Restraints
5.2.1 High Installation Cost
5.3 Market Opportunities
5.3.1 Growing Industrialization Across Globe
5.4 Future Trends
5.4.1 Automation through Incorporation of AI and ML
5.5 Impact Analysis of Drivers and Restraints
6. Predictive Maintenance Market – Global Analysis
6.1 Global Predictive Maintenance Market Overview
6.2 Predictive Maintenance Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Predictive Maintenance Market Analysis – By Component
7.1 Overview
7.2 Predictive Maintenance Market, By Component (2021 and 2028)
7.3 Solutions
7.3.1 Overview
7.3.2 Solutions: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
8. Predictive Maintenance Market Analysis – By Deployment Type
8.1 Overview
8.2 Predictive Maintenance Market, By Deployment Type (2021 and 2028)
8.3 Cloud
8.3.1 Overview
8.3.2 Cloud: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
8.4 On-Premise
8.4.1 Overview
8.4.2 On-Premise: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9. Predictive Maintenance Market Analysis – By Technique
9.1 Overview
9.2 Predictive Maintenance Market, By Technique (2021 and 2028)
9.3 Vibration Monitoring
9.3.1 Overview
9.3.2 Vibration Monitoring: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Electrical Testing
9.4.1 Overview
9.4.2 Electrical Testing: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Oil Analysis
9.5.1 Overview
9.5.2 Oil Analysis: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Ultrasonic Leak Detectors
9.6.1 Overview
9.6.2 Ultrasonic Leak Detectors: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.7 Shock Pulse
9.7.1 Overview
9.7.2 Shock Pulse: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.8 Infrared
9.8.1 Overview
9.8.2 Infrared: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10. Predictive Maintenance Market Analysis – By Industry
10.1 Overview
10.2 Predictive Maintenance Market Breakdown, By Industry, 2021 & 2028
10.3 Manufacturing
10.3.1 Overview
10.3.2 Manufacturing: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.4 Energy & Utilities
10.4.1 Overview
10.4.2 Energy & Utilities: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.5 Aerospace & Defense
10.5.1 Overview
10.5.2 Aerospace & Defense: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.6 Transportation & Logistics
10.6.1 Overview
10.6.2 Transportation & Logistics: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.7 Oil & Gas
10.7.1 Overview
10.7.2 Oil & Gas: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
11. Predictive Maintenance Market – Geographic Analysis
11.1 Overview
11.2 North America: Predictive Maintenance Market
11.2.1 Overview
11.2.2 North America Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.2.3 North America Predictive Maintenance Market Breakdown, By Component
11.2.4 North America Predictive Maintenance Market Breakdown, By Deployment Type
11.2.5 North America Predictive Maintenance Market Breakdown, By Technique
11.2.6 North America Predictive Maintenance Market Breakdown, By Industry
11.2.7 North America Predictive Maintenance Market Breakdown, by Country
11.2.7.1 US Predictive Maintenance Market, Revenue and Forecast to 2028
11.2.7.1.1 US Predictive Maintenance Market Breakdown, By Component
11.2.7.1.2 US Predictive Maintenance Market Breakdown, By Deployment Type
11.2.7.1.3 US Predictive Maintenance Market Breakdown, By Technique
11.2.7.1.4 US Predictive Maintenance Market Breakdown, By Industry
11.2.7.2 Canada Predictive Maintenance Market, Revenue and Forecast to 2028
11.2.7.2.1 Canada Predictive Maintenance Market Breakdown, By Component
11.2.7.2.2 Canada Predictive Maintenance Market Breakdown, By Deployment Type
11.2.7.2.3 Canada Predictive Maintenance Market Breakdown, By Technique
11.2.7.2.4 Canada Predictive Maintenance Market Breakdown, By Industry
11.2.7.3 Mexico Predictive Maintenance Market, Revenue and Forecast to 2028
11.2.7.3.1 Mexico Predictive Maintenance Market Breakdown, By Component
11.2.7.3.2 Mexico Predictive Maintenance Market Breakdown, By Deployment Type
11.2.7.3.3 Mexico Predictive Maintenance Market Breakdown, By Technique
11.2.7.3.4 Mexico Predictive Maintenance Market Breakdown, By Industry
11.3 Europe: Predictive Maintenance Market
11.3.1 Overview
11.3.2 Europe Predictive Maintenance Market Revenue and Forecast to 2028 (US$ Million)
11.3.3 Europe Predictive Maintenance Market Breakdown, By Component
11.3.4 Europe Predictive Maintenance Market Breakdown, By Deployment Type
11.3.5 Europe Predictive Maintenance Market Breakdown, By Technique
11.3.6 Europe Predictive Maintenance Market Breakdown, By Industry
11.3.7 Europe Predictive Maintenance Market Breakdown, by Country
11.3.7.1 Germany Predictive Maintenance Market, Revenue and Forecast to 2028
11.3.7.1.1 Germany Predictive Maintenance Market Breakdown, By Component
11.3.7.1.2 Germany Predictive Maintenance Market Breakdown, By Deployment Type
11.3.7.1.3 Germany Predictive Maintenance Market Breakdown, By Technique
11.3.7.1.4 Germany Predictive Maintenance Market Breakdown, By Industry
11.3.7.2 France Predictive Maintenance Market, Revenue and Forecast to 2028
11.3.7.2.1 France Predictive Maintenance Market Breakdown, By Component
11.3.7.2.2 France Predictive Maintenance Market Breakdown, By Deployment Type
11.3.7.2.3 France Predictive Maintenance Market Breakdown, By Technique
11.3.7.2.4 France Predictive Maintenance Market Breakdown, By Industry
11.3.7.3 Italy Predictive Maintenance Market, Revenue and Forecast to 2028
11.3.7.3.1 Italy Predictive Maintenance Market Breakdown, By Component
11.3.7.3.2 Italy Predictive Maintenance Market Breakdown, By Deployment Type
11.3.7.3.3 Italy Predictive Maintenance Market Breakdown, By Technique
11.3.7.3.4 Italy Predictive Maintenance Market Breakdown, By Industry
11.3.7.4 UK Predictive Maintenance Market, Revenue and Forecast to 2028
11.3.7.4.1 UK Predictive Maintenance Market Breakdown, By Component
11.3.7.4.2 UK Predictive Maintenance Market Breakdown, By Deployment Type
11.3.7.4.3 UK Predictive Maintenance Market Breakdown, By Technique
11.3.7.4.4 UK Predictive Maintenance Market Breakdown, By Industry
11.3.7.5 Russia Predictive Maintenance Market, Revenue and Forecast to 2028
11.3.7.5.1 Russia Predictive Maintenance Market Breakdown, By Component
11.3.7.5.2 Russia Predictive Maintenance Market Breakdown, By Deployment Type
11.3.7.5.3 Russia Predictive Maintenance Market Breakdown, By Technique
11.3.7.5.4 Russia Predictive Maintenance Market Breakdown, By Industry
11.3.7.6 Rest of Europe Predictive Maintenance Market, Revenue and Forecast to 2028
11.3.7.6.1 Rest of Europe Predictive Maintenance Market Breakdown, By Component
11.3.7.6.2 Rest of Europe Predictive Maintenance Market Breakdown, By Deployment Type
11.3.7.6.3 Rest of Europe Predictive Maintenance Market Breakdown, By Technique
11.3.7.6.4 Rest of Europe Predictive Maintenance Market Breakdown, By Industry
11.4 APAC: Predictive Maintenance Market
11.4.1 Overview
11.4.2 APAC Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.4.3 APAC Predictive Maintenance Market Breakdown, By Component
11.4.4 APAC Predictive Maintenance Market Breakdown, By Deployment Type
11.4.5 APAC Predictive Maintenance Market Breakdown, By Technique
11.4.6 APAC Predictive Maintenance Market Breakdown, By Industry
11.4.7 APAC Predictive Maintenance Market Breakdown, by Country
11.4.7.1 Australia Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.4.7.1.1 Australia Predictive Maintenance Market Breakdown, By Component
11.4.7.1.2 Australia Predictive Maintenance Market Breakdown, By Deployment Type
11.4.7.1.3 Australia Predictive Maintenance Market Breakdown, By Technique
11.4.7.1.4 Australia Predictive Maintenance Market Breakdown, By Industry
11.4.7.2 China Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.4.7.2.1 China Predictive Maintenance Market Breakdown, By Component
11.4.7.2.2 China Predictive Maintenance Market Breakdown, By Deployment Type
11.4.7.2.3 China Predictive Maintenance Market Breakdown, By Technique
11.4.7.2.4 China Predictive Maintenance Market Breakdown, By Industry
11.4.7.3 India Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.4.7.3.1 India Predictive Maintenance Market Breakdown, By Component
11.4.7.3.2 India Predictive Maintenance Market Breakdown, By Deployment Type
11.4.7.3.3 India Predictive Maintenance Market Breakdown, By Technique
11.4.7.3.4 India Predictive Maintenance Market Breakdown, By Industry
11.4.7.4 Japan Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.4.7.4.1 Japan Predictive Maintenance Market Breakdown, By Component
11.4.7.4.2 Japan Predictive Maintenance Market Breakdown, By Deployment Type
11.4.7.4.3 Japan Predictive Maintenance Market Breakdown, By Technique
11.4.7.4.4 Japan Predictive Maintenance Market Breakdown, By Industry
11.4.7.5 South Korea Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.4.7.5.1 South Korea Predictive Maintenance Market Breakdown, By Component
11.4.7.5.2 South Korea Predictive Maintenance Market Breakdown, By Deployment Type
11.4.7.5.3 South Korea Predictive Maintenance Market Breakdown, By Technique
11.4.7.5.4 South Korea Predictive Maintenance Market Breakdown, By Industry
11.4.7.6 Rest of APAC Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.4.7.6.1 Rest of APAC Predictive Maintenance Market Breakdown, By Component
11.4.7.6.2 Rest of APAC Predictive Maintenance Market Breakdown, By Deployment Type
11.4.7.6.3 Rest of APAC Predictive Maintenance Market Breakdown, By Technique
11.4.7.6.4 Rest of APAC Predictive Maintenance Market Breakdown, By Industry
11.5 MEA: Predictive Maintenance Market
11.5.1 Overview
11.5.2 MEA Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.5.3 MEA Predictive Maintenance Market Breakdown, By Component
11.5.4 MEA Predictive Maintenance Market Breakdown, By Deployment Type
11.5.5 MEA Predictive Maintenance Market Breakdown, By Technique
11.5.6 MEA Predictive Maintenance Market Breakdown, By Industry
11.5.7 MEA Predictive Maintenance Market Breakdown, By Country
11.5.7.1 South Africa Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.5.7.1.1 South Africa Predictive Maintenance Market Breakdown, By Component
11.5.7.1.2 South Africa Predictive Maintenance Market Breakdown, By Deployment Type
11.5.7.1.3 South Africa Predictive Maintenance Market Breakdown, By Technique
11.5.7.1.4 South Africa Predictive Maintenance Market Breakdown, By Industry
11.5.7.2 Saudi Arabia Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.5.7.2.1 Saudi Arabia Predictive Maintenance Market Breakdown, By Component
11.5.7.2.2 Saudi Arabia Predictive Maintenance Market Breakdown, By Deployment Type
11.5.7.2.3 Saudi Arabia Predictive Maintenance Market Breakdown, By Technique
11.5.7.2.4 Saudi Arabia Predictive Maintenance Market Breakdown, By Industry
11.5.7.3 UAE Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.5.7.3.1 UAE Predictive Maintenance Market Breakdown, By Component
11.5.7.3.2 UAE Predictive Maintenance Market Breakdown, By Deployment Type
11.5.7.3.3 UAE Predictive Maintenance Market Breakdown, By Technique
11.5.7.3.4 UAE Predictive Maintenance Market Breakdown, By Industry
11.5.7.4 Rest of MEA Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.5.7.4.1 Rest of MEA Predictive Maintenance Market Breakdown, By Component
11.5.7.4.2 Rest of MEA Predictive Maintenance Market Breakdown, By Deployment Type
11.5.7.4.3 Rest of MEA Predictive Maintenance Market Breakdown, By Technique
11.5.7.4.4 Rest of MEA Predictive Maintenance Market Breakdown, By Industry
11.6 SAM: Predictive Maintenance Market
11.6.1 Overview
11.6.2 SAM Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
11.6.3 SAM Predictive Maintenance Market Breakdown, By Component
11.6.4 SAM Predictive Maintenance Market Breakdown, By Deployment Type
11.6.5 SAM Predictive Maintenance Market Breakdown, By Technique
11.6.6 SAM Predictive Maintenance Market Breakdown, By Industry
11.6.7 SAM Predictive Maintenance Market Breakdown, by Country
11.6.7.1 Brazil Predictive Maintenance Market, Revenue and Forecast to 2028
11.6.7.1.1 Brazil Predictive Maintenance Market Breakdown, By Component
11.6.7.1.2 Brazil Predictive Maintenance Market Breakdown, By Deployment Type
11.6.7.1.3 Brazil Predictive Maintenance Market Breakdown, By Technique
11.6.7.1.4 Brazil Predictive Maintenance Market Breakdown, By Industry
11.6.7.2 Argentina Predictive Maintenance Market, Revenue and Forecast to 2028
11.6.7.2.1 Argentina Predictive Maintenance Market Breakdown, By Component
11.6.7.2.2 Argentina Predictive Maintenance Market Breakdown, By Deployment Type
11.6.7.2.3 Argentina Predictive Maintenance Market Breakdown, By Technique
11.6.7.2.4 Argentina Predictive Maintenance Market Breakdown, By Industry
11.6.7.3 Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028
11.6.7.3.1 Rest of SAM Predictive Maintenance Market Breakdown, By Component
11.6.7.3.2 Rest of SAM Predictive Maintenance Market Breakdown, By Deployment Type
11.6.7.3.3 Rest of SAM Predictive Maintenance Market Breakdown, By Technique
11.6.7.3.4 Rest of SAM Predictive Maintenance Market Breakdown, By Industry
12. Impact of COVID-19 Pandemic on Global Predictive Maintenance Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 APAC: Impact Assessment of COVID-19 Pandemic
12.5 MEA: Impact Assessment of COVID-19 Pandemic
12.6 SAM Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Launch
13.4 Merger and Acquisition
14. Company Profiles
14.1 General Electric Company
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Hitachi, Ltd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 IBM Corporation
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Microsoft Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 PTC Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 SAS Institute, Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Schneider Electric SE
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Software AG
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Syncron AB
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 TOSL Engineering Limited
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Predictive Maintenance Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Predictive Maintenance Market – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Predictive Maintenance Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 4. North America Predictive Maintenance Market, Revenue and Forecast To 2028 – By Deployment Type (US$ Million)
Table 5. North America Predictive Maintenance Market, Revenue and Forecast To 2028 – By Technique (US$ Million)
Table 6. North America Predictive Maintenance Market, Revenue and Forecast To 2028 – By Industry (US$ Million)
Table 7. North America Predictive Maintenance Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 8. US Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 9. US Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 10. US Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 11. US Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 12. Canada Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 13. Canada Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 14. Canada Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 15. Canada Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 16. Mexico Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 17. Mexico Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 18. Mexico Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 19. Mexico Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 20. Europe Predictive Maintenance Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 21. Europe Predictive Maintenance Market, Revenue and Forecast To 2028 – By Deployment Type (US$ Million)
Table 22. Europe Predictive Maintenance Market, Revenue and Forecast To 2028 – By Technique (US$ Million)
Table 23. Europe Predictive Maintenance Market, Revenue and Forecast To 2028 – By Industry (US$ Million)
Table 24. Europe Predictive Maintenance Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 25. Germany Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 26. Germany Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 27. Germany Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 28. Germany Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 29. France Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 30. France Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 31. France Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 32. France Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 33. Italy Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 34. Italy Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 35. Italy Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 36. Italy Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 37. UK Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 38. UK Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 39. UK Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 40. UK Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 41. Russia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 42. Russia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 43. Russia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 44. Russia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 45. Rest of Europe Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 46. Rest of Europe Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 47. Rest of Europe Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 48. Rest of Europe Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 49. APAC Predictive Maintenance Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 50. APAC Predictive Maintenance Market, Revenue and Forecast To 2028 – By Deployment Type (US$ Million)
Table 51. APAC Predictive Maintenance Market, Revenue and Forecast To 2028 – By Technique (US$ Million)
Table 52. APAC Predictive Maintenance Market, Revenue and Forecast To 2028 – By Industry (US$ Million)
Table 53. APAC Predictive Maintenance Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 54. Australia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 55. Australia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 56. Australia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 57. Australia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 58. China Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 59. China Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 60. China Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 61. China Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 62. India Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 63. India Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 64. India Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 65. India Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 66. Japan Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 67. Japan Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 68. Japan Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 69. Japan Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 70. South Korea Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 71. South Korea Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 72. South Korea Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 73. South Korea Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 74. Rest of APAC Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 75. Rest of APAC Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 76. Rest of APAC Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 77. Rest of APAC Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 78. MEA Predictive Maintenance Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 79. MEA Predictive Maintenance Market, Revenue and Forecast To 2028 – By Deployment Type (US$ Million)
Table 80. MEA Predictive Maintenance Market, Revenue and Forecast To 2028 – By Technique (US$ Million)
Table 81. MEA Predictive Maintenance Market, Revenue and Forecast To 2028 – By Industry (US$ Million)
Table 82. MEA Predictive Maintenance Market, Revenue and Forecast to 2028 – By Country (US$ Million)
Table 83. South Africa Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 84. South Africa Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 85. South Africa Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 86. South Africa Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 87. Saudi Arabia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 88. Saudi Arabia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 89. Saudi Arabia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 90. Saudi Arabia Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 91. UAE Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 92. UAE Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 93. UAE Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 94. UAE Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 95. Rest of MEA Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 96. Rest of MEA Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 97. Rest of MEA Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 98. Rest of MEA Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 99. SAM Predictive Maintenance Market, Revenue and Forecast To 2028 – By Component (US$ Million)
Table 100. SAM Predictive Maintenance Market, Revenue and Forecast To 2028 – By Deployment Type (US$ Million)
Table 101. SAM Predictive Maintenance Market, Revenue and Forecast To 2028 – By Technique (US$ Million)
Table 102. SAM Predictive Maintenance Market, Revenue and Forecast To 2028 – By Industry (US$ Million)
Table 103. SAM Predictive Maintenance Market, Revenue and Forecast To 2028 – By Country (US$ Million)
Table 104. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 105. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 106. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 107. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 108. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 109. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 110. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 111. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 112. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 113. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 – By Deployment Type (US$ Million)
Table 114. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 – By Technique (US$ Million)
Table 115. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 – By Industry (US$ Million)
Table 116. List of Abbreviation
LIST OF FIGURES
Figure 1. Predictive Maintenance Market Segmentation
Figure 2. Predictive Maintenance Market Segmentation – By Geography
Figure 3. Global Predictive Maintenance Market Overview
Figure 4. Solutions Segment held the Largest Share of Predictive Maintenance Market
Figure 5. Cloud Segment held the Largest Share of Predictive Maintenance Market
Figure 6. Vibration Monitoring Segment held the Largest Share of Predictive Maintenance Market
Figure 7. Manufacturing Segment held the Largest Share of Predictive Maintenance Market
Figure 8. APAC to Show Great Traction During Forecast Period
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. APAC: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Expert Opinion
Figure 15. Predictive Maintenance Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Predictive Maintenance Market
Figure 17. Predictive Maintenance Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Predictive Maintenance Market Revenue Share, By Component (2021 and 2028)
Figure 19. Solutions: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Services: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Predictive Maintenance Market Revenue Share, By Deployment Type (2021 and 2028)
Figure 22. Cloud: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. On-Premise: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Predictive Maintenance Market Revenue Share, By Technique (2021 and 2028)
Figure 25. Vibration Monitoring: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 26. Electrical Testing: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 27. Oil Analysis: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 28. Ultrasonic Leak Detectors: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 29. Shock Pulse: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 30. Infrared: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 32. Predictive Maintenance Market Breakdown, By Industry (2021 and 2028)
Figure 33. Manufacturing: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 34. Energy & Utilities: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 35. Aerospace & Defense: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 36. Transportation & Logistics: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 37. Oil & Gas: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 38. Others: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 39. Global Predictive Maintenance Market Breakdown, by Region, 2021 & 2028 (%)
Figure 40. North America Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 41. North America Predictive Maintenance Market Breakdown, By Component, 2021 & 2028 (%)
Figure 42. North America Predictive Maintenance Market Breakdown, By Deployment Type, 2021 & 2028 (%)
Figure 43. North America Predictive Maintenance Market Breakdown, By Technique, 2021 & 2028 (%)
Figure 44. North America Predictive Maintenance Market Breakdown, By Industry, 2021 & 2028 (%)
Figure 45. North America Predictive Maintenance Market Breakdown, by Country, 2021 & 2028 (%)
Figure 46. US Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 47. Canada Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 48. Mexico Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 49. Europe Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 50. Europe Predictive Maintenance Market Breakdown, By Component, 2021 & 2028 (%)
Figure 51. Europe Predictive Maintenance Market Breakdown, By Deployment Type, 2021 & 2028 (%)
Figure 52. Europe Predictive Maintenance Market Breakdown, By Technique, 2021 & 2028 (%)
Figure 53. Europe Predictive Maintenance Market Breakdown, By Industry, 2021 & 2028 (%)
Figure 54. Europe Predictive Maintenance Market Breakdown, by Country, 2021 & 2028 (%)
Figure 55. Germany Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 56. France Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 57. Italy Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 58. UK Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 59. Russia Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of Europe Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 61. APAC Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 62. APAC Predictive Maintenance Market Breakdown, By Component, 2021 & 2028 (%)
Figure 63. APAC Predictive Maintenance Market Breakdown, By Deployment Type, 2021 & 2028 (%)
Figure 64. APAC Predictive Maintenance Market Breakdown, By Technique, 2021 & 2028 (%)
Figure 65. APAC Predictive Maintenance Market Breakdown, By Industry, 2021 & 2028 (%)
Figure 66. APAC Predictive Maintenance Market Breakdown, by Country, 2021 & 2028 (%)
Figure 67. Australia Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 68. China Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 69. India Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 70. Japan Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 71. South Korea Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 72. Rest of APAC Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 73. MEA Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 74. MEA Predictive Maintenance Market Breakdown, By Component, 2021 & 2028 (%)
Figure 75. MEA Predictive Maintenance Market Breakdown, By Deployment Type, 2021 & 2028 (%)
Figure 76. MEA Predictive Maintenance Market Breakdown, By Technique, 2021 & 2028 (%)
Figure 77. MEA Predictive Maintenance Market Breakdown, By Industry, 2021 & 2028 (%)
Figure 78. MEA Predictive Maintenance Market Breakdown, By Country, 2021 & 2028 (%)
Figure 79. South Africa Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 80. Saudi Arabia Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 81. UAE Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 82. Rest of MEA Predictive Maintenance Market, Revenue and Forecast To 2028 (US$ Million)
Figure 83. SAM Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 84. SAM Predictive Maintenance Market Breakdown, By Component, 2021 & 2028 (%)
Figure 85. SAM Predictive Maintenance Market Breakdown, By Deployment Type, 2021 & 2028 (%)
Figure 86. SAM Predictive Maintenance Market Breakdown, By Technique, 2021 & 2028 (%)
Figure 87. SAM Predictive Maintenance Market Breakdown, By Industry, 2021 & 2028 (%)
Figure 88. SAM Predictive Maintenance Market Breakdown, by Country, 2021 & 2028 (%)
Figure 89. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 90. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 91. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 92. Impact of COVID-19 Pandemic in North American Country Markets
Figure 93. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 94. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 95. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 96. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Predictive Maintenance Market
- General Electric Company
- Hitachi, Ltd.
- IBM Corporation
- Microsoft Corporation
- PTC Inc.
- SAS Institute, Inc.
- Schneider Electric SE
- Software AG
- Syncron AB
- TOSL Engineering Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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