Predictive Maintenance (PdM) Industry - Share, Trends, Growth and Forecast 2024

Posted by Akash Sangshetti on March 9th, 2020

Predictive Maintenance (PdM) Industry Overview

The increasing emphasis on operating efficiency of machines and engines is expected to increase the reliance on predictive maintenance. Market reports related to the information and communication industry have been presented by Market Research Future which prepares reports on other industry verticals that plan to research the current market scenarios better. The Predictive Maintenance (PdM) Industry is expected to expand at 25.5% CAGR to reach 23,051.4 million in 2025 during the forecast period.

The need to maintain optimal efficiency in the operating condition of machines is expected to create new opportunities for the progress of the market in the forecast period. The popularity of efficiency and productivity tools that can reduce loss from damages or shorten downtimes is anticipated to inspire the development of the predictive maintenance market favorably. The rise in the adoption of big data and concepts like the Internet of Things (IoT) is expected to encourage the development of the predictive maintenance market.

Key Players

The prominent players in the Predictive Maintenance (PdM) Industry are – IBM (U.S.), SAP SE (Germany), Software AG (Germany), General Electric (U.S.), Robert Bosch (Germany), Rockwell Automation (U.S.), PTC (U.S.), Warwick Analytics (U.K.), RapidMiner (U.S.), Schneider Electric SE (France), eMaint Enterprises, LLC (U.S.) and SKF (Sweden) among others.

Market Segmentation

The segmentation analysis of the Predictive Maintenance (PdM) Industry is carried out on the basis of component, technique, deployment, end-user, and region. On the basis of component, the predictive maintenance market is segmented into service and solution. Based on the technique, the predictive maintenance market is segmented into thermo-graphic inspection, vibration monitoring, and oil analysis. On the basis of deployment, the predictive maintenance market is segmented into on-premise and cloud. Based on end-users, the predictive maintenance market is segmented into aerospace & defense, manufacturing, automotive, transportation, healthcare, and government. The regions included in the predictive maintenance market are Asia Pacific, North America, Europe and the rest of the world.

Predictive Maintenance Global Market- Regional Analysis

The region wise analysis of predictive maintenance market encompasses regions such as Asia Pacific, North America, Europe and the rest of the world. The analysis of the market for predictive maintenance observes that the North American region would lead the market in the forecast period due to the incidence of a huge number of service and solution vendors. The study also finds that Asia Pacific nations such as Japan, China, South Korea, India, and others are greatly investing to amplify the effectiveness of the production assets. Moreover, the Asia Pacific region is projected to illustrate positive expansion in predictive maintenance market through the forecast period.

Industry Updates:

Feb 2019 Mann+Hummel have recently chosen Sierra Wireless’ Smart SIMs and AirVantage IoT Platform to join and handle global deployments of Senzit, the company’s latest predictive maintenance platform for agricultural and industrial fleets. Senzit makes use of IoT connectivity services from Sierra Wireless to provide fleet managers visibility of dust load, equipment location and engine hours. The real-time monitoring capability will enable fleet managers to schedule maintenance only when vehicles need it and also avoid downtime due to engine damage.

TABLE OF CONTENTS

15  List of Tables

Table 1 List Of Assumptions 24

Table 2 Global Predictive Maintenance (Pdm) Market, By Hardware, 2017–2024 (Usd Million) 36

Table 3 Global Predictive Maintenance (Pdm) Market, By Services, 2017–2024 (Usd Million) 37

Table 4 Global Predictive Maintenance (Pdm) Market, By Testing Type, 2017–2024 (Usd Million) 40

Table 5 Global Predictive Maintenance (Pdm) Market, By Deployment Mode, 2017–2024 (Usd Million) 42

Table 6 Global Predictive Maintenance (Pdm) Market, By Technique, 2017–2024 (Usd Million) 44

Table 7 Global Predictive Maintenance (Pdm) Market, By Advanced Technique, 2017–2024 (Usd Million) 45

Table 8 Global Predictive Maintenance (Pdm) Market, By Vertical, 2017–2024 (Usd Million) 48

Table 9 Global Predictive Maintenance (Pdm) Market, By Region, 2017–2024 (Usd Million) 50

Table 10 North America: Predictive Maintenance Market, By Country, 2017–2024 (Usd Million) 52

Table 11 North America: Predictive Maintenance Market, By Component, 2017–2024 (Usd Million) 53

Table 12 North America: Predictive Maintenance (Pdm) Market, By Services, 2017–2024 (Usd Million) 54

Table 13 North America: Predictive Maintenance (Pdm) Market, By Testing Type, 2017–2024 (Usd Million) 55

Table 14 North America: Predictive Maintenance (Pdm) Market, By Deployment Mode, 2017–2024 (Usd Million) 56

Table 15 North America: Predictive Maintenance (Pdm) Market, By Technique, 2017–2024 (Usd Million) 57

Table 16 North America: Predictive Maintenance (Pdm) Market, By Advanced Technique, 2017–2024 (Usd Million) 57

Table 17 North America: Predictive Maintenance (Pdm) Market, By Vertical, 2017–2024 (Usd Million) 58

Continued…

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Akash Sangshetti

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Akash Sangshetti
Joined: October 1st, 2019
Articles Posted: 322

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