Market Summary
Research Methodology on the Predictive Maintenance Market
1. Introduction
This research methodology aims to provide a comprehensive overview of the research process and methodology used in the ‘Predictive Maintenance Market’ Report published by Market Research Future. This research report takes a detailed look at the use of predictive maintenance in various industries, as well as the technological advancements and market dynamics present in the global predictive maintenance market.
2. Research Design
The research methodology used for the ‘Predictive Maintenance Market’ report is a qualitative one, based on industry experts, market surveys and secondary sources of data. The research is carried out to understand the structure, market dynamics and competitive environment in which predictive maintenance is used in various industries.
3. Tools and Techniques
Market Research Future utilized both primary and secondary research tools and techniques to gain a better understanding of the global predictive maintenance market. These tools and techniques are as follows:
- a) Primary Research – Market Research Future conducted extensive primary research with key industry experts and stakeholders to understand the current competitive environment and market dynamics in the global predictive maintenance market. Interviews were conducted with key personnel in the industry such as predictive maintenance vendors, service providers and other related companies.
- b) Secondary Research – Market Research Future also used secondary sources of data that included but were not limited to, Factiva, Hoovers, Jigsaw and Orbis. By using these secondary sources Market Research Future was able to develop an accurate understanding of the predictive maintenance market.
4. Analysis and Forecasting
Market Research Future used both qualitative and quantitative analysis to develop an accurate understanding of the predictive maintenance market. The qualitative analysis was conducted to provide an in-depth understanding of the market. This was done by analyzing the current trends, drivers and restraints of the market. The quantitative analysis was used to segment the predictive maintenance market into different regions and therefore provide an accurate forecast of the market size.
5. Conclusion
The research methodology used in the ‘Predictive Maintenance Market’ report is comprehensive and detailed. The primary and secondary research techniques and qualitative and quantitative analyses used were designed to provide accurate insight into the market. However, the data used could be outdated and the projections could be subject to change due to changing market dynamics.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2021 | USD 17.3billion |
Market Size 2022 | USD 21.83 billion |
Market Size 2030 | USD 111.30 billion |
Compound Annual Growth Rate (CAGR) | 26.20% (2024-2030) |
Base Year | 2023 |
Market Forecast Period | 2024-2030 |
Historical Data | 2018 & 2020 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Component, Testing Type, Deployment Mode, Technique, Vertical, and Region |
Geographies Covered | North America, Europe, AsiaPacific, and Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Axiomtek Co. Ltd (Taiwan), Oracle Corporation (US), Microsoft Corporation (US), XMPro (US) and others. |
Key Market Opportunities | One of the best alternatives for asset-heavy firms that offers lower expenses and a higher ROI is predictive maintenance tactics |
Key Market Dynamics | Increasing demand for maintenance cost reduction Growing use of real-time streaming analytics technology |
Major Players
Predictive Maintenance (PdM) Market Segmentation
Predictive maintenance (PdM) Component Outlook (USD Million, 2018-2030)
-
Hardware
-
Solution
-
Services
Predictive maintenance (PdM) Testing Testing Type Outlook (USD Million, 2018-2030)
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
Predictive maintenance (PdM) Deployment Mode Outlook (USD Million, 2018-2030)
-
Cloud
-
On-premise
Predictive maintenance (PdM) Technique Outlook (USD Million, 2018-2030)
-
Traditional Technique
-
Advanced Technique
Predictive maintenance (PdM) Vertical Outlook (USD Million, 2018-2030)
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
Predictive maintenance (PdM) Regional Outlook (USD Million, 2018-2030)
-
North AmericaOutlook (USD Million, 2018-2030)
-
North America Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
North America Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
North America Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
North America Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
North America Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
USOutlook (USD Million, 2018-2030)
-
US Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
US Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
US Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
US Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
US Predictive maintenance (Pdm) by Vertical
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
CANADAOutlook (USD Million, 2018-2030)
-
CANADA Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
CANADA Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
CANADA Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
CANADA Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
CANADA Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
EuropeOutlook (USD Million, 2018-2030)
-
Europe Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
Europe Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Europe Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Europe Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Europe Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
GermanyOutlook (USD Million, 2018-2030)
-
Germany Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
Germany Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Germany Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Germany Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Germany Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
FranceOutlook (USD Million, 2018-2030)
-
France Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
France Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
France Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
France Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
France Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
UKOutlook (USD Million, 2018-2030)
-
UK Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
UK Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
UK Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
UK Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
UK Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
ITALYOutlook (USD Million, 2018-2030)
-
ITALY Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
ITALY Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
ITALY Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
ITALY Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
ITALY Predictive maintenance (Pdm) by Vertica
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
SPAINOutlook (USD Million, 2018-2030)
-
Spain Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
SpainPredictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
SpainPredictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
SpainPredictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Spain Predictive maintenance (Pdm) by Vertical
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
Rest Of EuropeOutlook (USD Million, 2018-2030)
-
Rest Of Europe Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
REST OF EUROPE Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
REST OF EUROPE Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
REST OF EUROPE Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
REST OF EUROPE Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
Asia-PacificOutlook (USD Million, 2018-2030)
-
Asia-Pacific Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
Asia-Pacific Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Asia-Pacific Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Asia-Pacific Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Asia-Pacific Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
ChinaOutlook (USD Million, 2018-2030)
-
China Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
China Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
China Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
China Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
China Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
JapanOutlook (USD Million, 2018-2030)
-
Japan Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
Japan Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Japan Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Japan Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Japan Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
India Outlook (USD Million, 2018-2030)
-
India Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
India Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
India Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
India Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
India Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
AustraliaOutlook (USD Million, 2018-2030)
-
Australia Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
Australia Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Australia Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Australia Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Australia Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
Rest of Asia-PacificOutlook (USD Million, 2018-2030)
-
Rest of Asia-Pacific Predictive maintenance (PdM) by Component
-
Anterior Interbody Fusion
-
Anterior Predictive maintenance (PdM)
-
Posterior Fusion
-
Others
-
-
Rest of Asia-Pacific Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Rest of Asia-Pacific Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Rest of Asia-Pacific Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Rest of Asia-Pacific Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
Rest of the WorldOutlook (USD Million, 2018-2030)
-
Rest of the World Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
Rest of the World Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Rest of the World Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Rest of the World Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Rest of the World Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
Middle EastOutlook (USD Million, 2018-2030)
-
Middle East Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
Middle East Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Middle East Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Middle East Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Middle East Predictive maintenance (Pdm) by Vertical
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
AfricaOutlook (USD Million, 2018-2030)
-
Africa Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
Africa Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Africa Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Africa Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Africa Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
-
Latin AmericaOutlook (USD Million, 2018-2030)
-
Latin America Predictive maintenance (PdM) by Component
-
Hardware
-
Solution
-
Services
-
-
Latin America Predictive maintenance (PdM) by Testing Type
-
Vibration Monitoring
-
Electrical Insulation
-
Infrared Thermography
-
Temperature Monitoring
-
Ultrasonic Leak Detector
-
Oil Analysis
-
-
Latin America Predictive maintenance (PdM) by Deployment Mode
-
Cloud
-
On-premise
-
-
Latin America Predictive maintenance (PdM) by Technique
-
Traditional Technique
-
Advanced Technique
-
-
Latin America Predictive maintenance (Pdm) by Vertical
-
-
Manufacturing
-
Healthcare
-
Energy & Utility
-
Automotive
-
Aerospace & Defense
-
Transportation
-
Others
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