Predictive Maintenance (PdM) Market Overview:

The Predictive Maintenance (PdM) market is projected to grow from USD21.83 Billion in 2022 to USD 111.30 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 26.20% during the forecast period (2022 – 2030). The predictive maintenance (PdM) market is garnering substantial traction. The market growth attributes to the rising adoption of PdM solutions in the rapidly growing manufacturing, energy & utilities, healthcare, automotive, aerospace & defense, transportation sectors. 

Besides, the growing implementations of the Internet of Things (IoT) across end-user verticals worldwide drive the market growth, allowing different assets & systems to connect, synchronize, share, analyze, and act on the data. With substantial R&D investments in the development of PdM solutions, the market is projected to garner vast gains during the next few years.

Click Here to Get Sample Premium Report @
https://www.marketresearchfuture.com/sample_request/2377

Key Players:

Key Companies in the Predictive Maintenance (PdM) market includes,

  • Axiomtek Co. Ltd (Taiwan)
  • Oracle Corporation (US)
  • Microsoft Corporation (US)
  • XMPro (US)
  • IBM Corporation (US)
  • RapidMiner (US)
  • Hitachi Ltd (Japan)

The smart revolution is impacting industries exponentially, allowing data-driven research. Industries leverage the analytical capabilities of PdM to thrive in continually rising volumes, types, and complexities of data. Utilities are increasingly implementing PdM solutions to target market strategic framework, impacting the market growth positively.

Global Predictive Maintenance Market – Segments

The report is segmented into components, testing types, deployments, techniques, verticals, and regions. The component segment is sub-segmented into hardware, solutions, and services (consulting, support & maintenance, system integration, others).

The testing type segment is sub-segmented into vibration monitoring, electrical insulation, infrared thermography, temperature monitoring, ultrasonic leak detector, oil analysis, and others. The deployment segment is sub-segmented into on-cloud and on-premise.

The technique segment is sub-segmented into traditional and advanced techniques. The vertical segment is sub-segmented into manufacturing, healthcare, energy & utility, automotive, aerospace & defense, transportation, and others. By regions, the market is sub-segmented into North America, Europe, APAC, and the rest of the world.

Predictive Maintenance Market – Regional Analysis

North America holds a significant share in the global predictive maintenance market. The presence of leading solution providers investing heavily in R&D to enhance the capabilities and operational efficiency of their solutions drives the market growth. 

Besides, the growing adoption of advanced technologies in manufacturing industries across the region to halve unplanned downtime and maintenance costs boost the market size. Moreover, the increasing demand from energy & utilities, alongside government initiatives & utility-scale policy, increases the region’s market shares. 

Global PdM Market – Competitive Landscape

Highly competitive, the PdM market appears to be fragmented due to the presence of several well-established industry players. These players initiate strategic approaches such as mergers & acquisitions, collaboration, expansion, and technology launch to gain a larger competitive advantage. 

Download Sample PDF Copy of this Report to understand structure of the complete report (Including Full TOC, Table & Figures) @
https://www.marketresearchfuture.com/reports/predictive-maintenance-market-2377

Industry/Innovation/Related News:

Feb. 16, 2021 — Senseye, a leading machine health management company, announced the collaboration with PTC to accelerate the adoption of its predictive maintenance technology, making it available for PTC’s ThingWorx Industrial IoT (IIoT) Solutions Platform. Senseye PdM can allow users to monitor assets automatically and even anticipate future machine failures by applying Senseye’s proprietary algorithms and AI technology.

Related Reports:

Marketing Resource Management Market

System of Insight Market

Privileged Access Management Solutions Market

Electrical and Electronic Computer Aided Design Market

Rich Communication Services Market

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

Contact

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com

Leave a Reply

Your email address will not be published. Required fields are marked *