Predictive Maintenance Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Predictive Maintenance Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Predictive maintenance techniques are aimed to help users in determining the condition of in-service equipment to evaluate accurate time for maintenance. The adoption of predictive maintenance is mainly driven by cost-effective results achieved by their use. Predictive maintenance allows convenient scheduling of corrective maintenance, which prevents equipment failure.
Market Drivers: Benefits of Predictive Maintenance in Automotive Industry
Automation and predictive maintenance finds application in automotive industry. Implementation of predictive maintenance aids in production process and after sale maintenance. Several automobile companies are implementing predictive maintenance in post-sale maintenance to offer better and cost effective service to the customers. For examples, Nissan’s Predictive Forward Collision Warning feature, which analyses the speed and distance to the vehicle travelling ahead of the Nissan vehicle as well as that of the next preceding vehicle, by utilizing sensors.
An automobile contains large number of sensors that collect data about speed, emissions, fuel consumption, usage data for resources, security, and about car and engine parts. All the collected data can be utilized to find patterns and resolve quality issues either before time or prevent issues from arising. This reduces cost of quality management and increases customer satisfaction. Therefore, increasing industrial automation that includes data acquisition and processing is expected to boost growth of the market.
Key features of the study:
This report provides in-depth analysis of predictive maintenance market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global predictive maintenance market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
Companies covered as part of this study include, Amiral Technologies, Embitel, General Electric, Honeywell International, Inc., IBM Corporation, Microsoft Corporation, Rockwell Automation, Inc., Senseye Ltd., Softweb Solutions, Inc., Warwick Analytics, SAP SE, Robert Bosch GmbH, Software AG, and Siemens AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
The global predictive maintenance market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global predictive maintenance market
Detailed Segmentation:
Global Predictive Maintenance Market, By Component:
Solution
Smart Maintenance
Predictive Analytics
Services
System Integration
Maintenance & Support
Consulting Services
Global Predictive Maintenance Market, By Deployment:
Cloud
On-premise
Global Predictive Maintenance Market, By Application:
Asset Maintenance
Operation Maintenance
Health & Performance Maintenance
Global Predictive Maintenance Market, By End-use Industry:
Oil & Gas
Upstream
Asset Maintenance
Exploration Production & Drilling Optimization
Midstream
Transportation & Storage Optimization
Downstream
Demand & Trade Optimization
Manufacturing
Aerospace & Defense
Automotive
Power Generation
Hospitals, Clinics, & Diagnostic Laboratories
Biotechnology & Pharmaceutical Manufacturers
Others
Global Predictive Maintenance Market, By Region:
North America
By Component:
Solution
Smart Maintenance
Predictive Analytics
Services
System Integration
Maintenance & Support
Consulting Services
By Deployment:
Cloud
On-premise
By Application:
Asset Maintenance
Operation Maintenance
Health & Performance Maintenance
By End-use Industry:
Oil & Gas
Manufacturing
Aerospace & Defense
Automotive
Power Generation
Hospitals, Clinics, & Diagnostic Laboratories
Biotechnology & Pharmaceutical Manufacturers
Others
By Country:
U.S.
Canada
Europe
By Component:
Solution
Smart Maintenance
Predictive Analytics
Services
System Integration
Maintenance & Support
Consulting Services
By Deployment:
Cloud
On-premise
By Application:
Asset Maintenance
Operation Maintenance
Health & Performance Maintenance
By End-use Industry:
Oil & Gas
Manufacturing
Aerospace & Defense
Automotive
Power Generation
Hospitals, Clinics, & Diagnostic Laboratories
Biotechnology & Pharmaceutical Manufacturers
Others
By Country:
Germany
Italy
France
UK
Rest of Europe
Asia Pacific
By Component:
Solution
Smart Maintenance
Predictive Analytics
Services
System Integration
Maintenance & Support
Consulting Services
By Deployment:
Cloud
On-premise
By Application:
Asset Maintenance
Operation Maintenance
Health & Performance Maintenance
By End-use Industry:
Oil & Gas
Manufacturing
Aerospace & Defense
Automotive
Power Generation
Hospitals, Clinics, & Diagnostic Laboratories
Biotechnology & Pharmaceutical Manufacturers
Others
By Country:
China
India
Japan
Australia & New Zealand
Rest of Asia Pacific
Latin America
By Component:
Solution
Smart Maintenance
Predictive Analytics
Services
System Integration
Maintenance & Support
Consulting Services
By Deployment:
Cloud
On-premise
By Application:
Asset Maintenance
Operation Maintenance
Health & Performance Maintenance
By End-use Industry:
Oil & Gas
Manufacturing
Aerospace & Defense
Automotive
Power Generation
Hospitals, Clinics, & Diagnostic Laboratories
Biotechnology & Pharmaceutical Manufacturers
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
By Component:
Solution
Smart Maintenance
Predictive Analytics
Services
System Integration
Maintenance & Support
Consulting Services
By Deployment:
Cloud
On-premise
By Application:
Asset Maintenance
Operation Maintenance
Health & Performance Maintenance
By End-use Industry:
Oil & Gas
Manufacturing
Aerospace & Defense
Automotive
Power Generation
Hospitals, Clinics, & Diagnostic Laboratories
Biotechnology & Pharmaceutical Manufacturers
Others
By Sub-Region:
GCC Country
South Africa
Rest of the Middle East & Africa
Company Profiles-
Amiral Technologies
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Embitel
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
General Electric
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Honeywell International, Inc.
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
IBM Corporation
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Microsoft Corporation
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Rockwell Automation, Inc.
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Senseye Ltd.
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Softweb Solutions, Inc.
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Warwick Analytics
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
SAP SE
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Robert Bosch GmbH
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Software AG
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence
Siemens AG
Company Highlights
Key Developments
Product Portfolio
Market Presence
Strategic Presence