Predictive Maintenance Market Scope And Analysis

Report Code : TIPRE00007686
Category : Technology, Media and Telecommunications

No. of Pages : 150

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Predictive Maintenance Market Scope, Growth, Size and Share by 2028

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Predictive Maintenance Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 6.76 Billion
Market Size by 2031	US$ 59.81 Billion
Global CAGR (2023 - 2031)	27.4%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Solutions and Services By Deployment Type Cloud and On-Premise By Technique Vibration Monitoring Electrical Testing Oil Analysis Ultrasonic Leak Detectors Shock Pulse Infrared By Industry Manufacturing Energy & Utilities Aerospace & Defense Transportation & Logistics Oil & Gas
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	General Electric Company Hitachi Ltd IBM Corporation Microsoft Corporation PTC Inc SAS Institute Inc Schneider Electric SE Software AG Syncron AB

Predictive Maintenance Market News and Recent Developments

The predictive maintenance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the predictive maintenance market are listed below:

Accenture plc acquired Nextira, an Amazon Web Services (AWS) Premier Partner that uses AWS services to provide predictive analytics, cloud-native innovations, and an immersive experience to its clients. These AWS services and solutions enable Accenture Cloud First to improve its technical skills while also providing clients with full-scale cloud capabilities. Nextira provides cloud-based services that use cutting-edge artificial intelligence, machine learning, engineering expertise, and data analytics to help users construct, design, launch, and optimize high-performance computing environments. (Source: Accenture plc, Press Release, June 2023)
GE Vernova’s Gas Power business announced it has signed a multi-year agreement for an 876-megawatt (MW) plant in Al Ahmadi, Kuwait. Multi-year agreement includes the supply of parts, repairs, field services, advanced predictive maintenance, and digital solutions. (Source: GE Vernova, Press Release, December 2023)

Predictive Maintenance Market Report Coverage and Deliverables

The “Predictive Maintenance Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Predictive Maintenance market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Predictive Maintenance market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST/Porter’s Five Forces and SWOT analysis
Predictive Maintenance market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the superconductor market
Detailed company profiles