The 2023-2028 World Outlook for Predictive Maintenance

The 2023-2028 World Outlook for Predictive Maintenance

This study covers the world outlook for predictive maintenance across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers predictive maintenance as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for predictive maintenance is 5242. It is for this definition that aggregate latent demand estimates are derived. Predictive maintenance is specifically defined as follows:

5242 This industry group comprises establishments primarily engaged in (1) acting as agents (i.e., brokers) in selling annuities and insurance policies or (2) providing other employee benefits and insurance related services, such as claims adjustment and third party administration.

52421 See industry description for 524210.

52429 This industry comprises establishments primarily engaged in providing services related to insurance (except insurance agencies and brokerages).

524210 This industry comprises establishments primarily engaged in acting as agents (i.e., brokers) in selling annuities and insurance policies.

524291 This industry comprises establishments primarily engaged in investigating, appraising, and settling insurance claims.

524292 This U.S. industry comprises establishments primarily engaged in providing third party administration services of insurance and pension funds, such as claims processing and other administrative services to insurance carriers, employee-benefit plans, and self-insurance funds.

524298 This U.S. industry comprises establishments primarily engaged in providing insurance services on a contract or fee basis (except insurance agencies and brokerages, claims adjusting, and third party administration). Insurance advisory services and insurance ratemaking services are included in this industry.

524210P Primary services

52421011 Sale of property and casualty insurance

52421012 Sale of life insurance and annuities