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Predictive Maintenance - Global Market Outlook (2020-2028)

July 2021 | 150 pages | ID: PFA83FAC5F92EN
Stratistics Market Research Consulting

US$ 4,150.00

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According to Stratistics MRC, the Global Predictive Maintenance Market is accounted for $4.00 billion in 2020 and is expected to reach $27.41 billion by 2028 growing at a CAGR of 27.2% during the forecast period. Increase in investment on predictive maintenance, increasing use of emerging technologies and growth in need for remote monitoring and asset management are driving the market growth. However, lack of skilled workforce and data privacy and security concerns are hampering the growth of the market.

Predictive maintenance is condition monitoring plan and observing an equipment performance to reduce the risk of a failure under normal operating conditions. This maintenance is to anticipate a failure and then try to avoid it by corrective maintenance. Predictive maintenance focuses on preventive measures can be taken while predicting and determining device/equipment failure. Predictive maintenance can minimize several concerns related to reliability and quality. Execution of these predictive maintenance solutions with the help of IoT technologies helps organizations in minimizing the downtime and operations and maintenance cost.

Based on the end user, the healthcare and life sciences segment is going to have lucrative growth during the forecast period owing to the fact that predictive maintenance of healthcare equipment such as X-ray, MR, tomography, and mammography is one of the most important considerations for hospitals looking to improve decision-making capabilities and improve operational efficiencies. By geography, North America is going to have high growth during the forecast period due to due to the presence of well-established end-user industries as well as high awareness among organizations to adopt technologies that help them in increasing efficiency and lower operational costs.

Some of the key players profiled in the Predictive Maintenance Market include Schneider Electric, Software AG, Microsoft, IBM, SAP SE, Hitachi, Google, Oracle, Amazon Web Services (AWS), General Electric, PTC, Axiomtek Co. Ltd, Banner Engineering Corp., Predictive Maintenance Solutions, LLC and Sigma IT.

Products Covered:
  • Ship Repairs
  • Conversions
  • Routine Maintenance
Repair Types Covered:
  • Motor Rewind Repairs
  • Main Engine Maintenance and Repairs
  • Underwater Cleaning and Repairs
  • Emergency Repairs
  • Electrical and Instrumentation Repairs
  • Mechanical Repairs
Vessel Types Covered:
  • Naval
  • Passenger Ships and Ferries
  • Workboats
  • Oil and Chemical Tankers
  • Tankers
  • General Cargo
  • Container Ships
  • Mega Yachts and Other Vessels
  • Gas Carriers
  • Bulk Carriers
  • Offshore Vessels
Services Covered:
  • Modular Construction
  • Auxiliary Services
  • Engine Parts
  • Electric Works
  • Hull Part
  • General Services
  • Paint and Coatings
  • Dockage
Maintenance Types Covered:
  • Condition Maintenance
  • Preventive or Scheduled Maintenance
  • Corrective or Breakdown Maintenance
Sales Channels Covered:
  • Original Equipment Manufacturer (OEM)
  • Aftermarket
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
What our report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL PREDICTIVE MAINTENANCE MARKET, BY TECHNOLOGY

5.1 Introduction
5.2 Data Infrastructure and Servers
5.3 Platform and Middleware
5.4 Analytics and Artificial Intelligence (AI) Software
5.5 Connectivity

6 GLOBAL PREDICTIVE MAINTENANCE MARKET, BY COMPONENT

6.1 Introduction
6.2 Services
  6.2.1 Managed Services
  6.2.2 Professional Services
    6.2.2.1 Training
    6.2.2.2 Advisory & Consulting
    6.2.2.3 System Integration & Deployment/Installation
    6.2.2.4 Support and Maintenance
    6.2.2.5 Implementation
6.3 Software/Solution
  6.3.1 Standalone
  6.3.2 Integrated
6.4 Hardware

7 GLOBAL PREDICTIVE MAINTENANCE MARKET, BY DEPLOYMENT MODE

7.1 Introduction
7.2 On-Premise
7.3 Cloud
  7.3.1 Public Cloud
  7.3.2 Private Cloud
  7.3.3 Hybrid Cloud

8 GLOBAL PREDICTIVE MAINTENANCE MARKET, BY ORGANIZATION SIZE

8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises (SMEs)

9 GLOBAL PREDICTIVE MAINTENANCE MARKET, BY TECHNIQUE

9.1 Introduction
9.2 Fluid Analysis
9.3 Electrical Testing
9.4 Shock Pulse
9.5 Vibration Monitoring
9.6 Oil Analysis
9.7 Motor Circuit and Signature Analysis
9.8 Infrared Thermography
9.9 Temperature Monitoring
9.10 Ultrasonic Leak Detectors
9.11 Power System Assessments
9.12 Wear Particle Analysis
9.13 Circuit Monitor Analysis
9.14 Temperature Monitoring
9.15 Performance Testing
9.16 Traditional
9.17 Machine Learning
9.18 Advanced
9.19 Internet of Things (IOT) /Big Data

10 GLOBAL PREDICTIVE MAINTENANCE MARKET, BY END USER

10.1 Introduction
10.2 Automotive
10.3 Manufacturing
10.4 Education and Government
10.5 Oil & Gas
10.6 Healthcare and Life Sciences
10.7 Energy and Utilities
10.8 Media
10.9 Aerospace & Defense
10.10 Information Technology (IT) & Telecommunication
10.11 Transportation and Logistics
10.12 Machinery Equipment
10.13 Power
10.14 Industrial
10.15 Electronics
10.16 Other End Users
  10.16.1 Agriculture
  10.16.2 Retail

11 GLOBAL PREDICTIVE MAINTENANCE MARKET, BY GEOGRAPHY

11.1 Introduction
11.2 North America
  11.2.1 US
  11.2.2 Canada
  11.2.3 Mexico
11.3 Europe
  11.3.1 Germany
  11.3.2 UK
  11.3.3 Italy
  11.3.4 France
  11.3.5 Spain
  11.3.6 Rest of Europe
11.4 Asia Pacific
  11.4.1 Japan
  11.4.2 China
  11.4.3 India
  11.4.4 Australia
  11.4.5 New Zealand
  11.4.6 South Korea
  11.4.7 Rest of Asia Pacific
11.5 South America
  11.5.1 Argentina
  11.5.2 Brazil
  11.5.3 Chile
  11.5.4 Rest of South America
11.6 Middle East & Africa
  11.6.1 Saudi Arabia
  11.6.2 UAE
  11.6.3 Qatar
  11.6.4 South Africa
  11.6.5 Rest of Middle East & Africa

12 KEY DEVELOPMENTS

12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 COMPANY PROFILING

13.1 Schneider Electric
13.2 Software AG
13.3 Microsoft
13.4 IBM
13.5 SAP SE
13.6 Hitachi
13.7 Google
13.8 Oracle
13.9 Amazon Web Services (AWS)
13.10 General Electric
13.11 PTC
13.12 Axiomtek Co. Ltd
13.13 Banner Engineering Corp.
13.14 Predictive Maintenance Solutions, LLC
13.15 Sigma IT

LIST OF TABLES

Table 1 Global Predictive Maintenance Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Predictive Maintenance Market Outlook, By Technology (2019-2028) ($MN)
Table 3 Global Predictive Maintenance Market Outlook, By Data Infrastructure and Servers (2019-2028) ($MN)
Table 4 Global Predictive Maintenance Market Outlook, By Platform and Middleware (2019-2028) ($MN)
Table 5 Global Predictive Maintenance Market Outlook, By Analytics and Artificial Intelligence (AI) Software (2019-2028) ($MN)
Table 6 Global Predictive Maintenance Market Outlook, By Connectivity (2019-2028) ($MN)
Table 7 Global Predictive Maintenance Market Outlook, By Component (2019-2028) ($MN)
Table 8 Global Predictive Maintenance Market Outlook, By Services (2019-2028) ($MN)
Table 9 Global Predictive Maintenance Market Outlook, By Managed Services (2019-2028) ($MN)
Table 10 Global Predictive Maintenance Market Outlook, By Professional Services (2019-2028) ($MN)
Table 11 Global Predictive Maintenance Market Outlook, By Software/Solution (2019-2028) ($MN)
Table 12 Global Predictive Maintenance Market Outlook, By Standalone (2019-2028) ($MN)
Table 13 Global Predictive Maintenance Market Outlook, By Integrated (2019-2028) ($MN)
Table 14 Global Predictive Maintenance Market Outlook, By Hardware (2019-2028) ($MN)
Table 15 Global Predictive Maintenance Market Outlook, By Deployment Mode (2019-2028) ($MN)
Table 16 Global Predictive Maintenance Market Outlook, By On-Premise (2019-2028) ($MN)
Table 17 Global Predictive Maintenance Market Outlook, By Cloud (2019-2028) ($MN)
Table 18 Global Predictive Maintenance Market Outlook, By Public Cloud (2019-2028) ($MN)
Table 19 Global Predictive Maintenance Market Outlook, By Private Cloud (2019-2028) ($MN)
Table 20 Global Predictive Maintenance Market Outlook, By Hybrid Cloud (2019-2028) ($MN)
Table 21 Global Predictive Maintenance Market Outlook, By Organization Size (2019-2028) ($MN)
Table 22 Global Predictive Maintenance Market Outlook, By Large Enterprises (2019-2028) ($MN)
Table 23 Global Predictive Maintenance Market Outlook, By Small and Medium-Sized Enterprises (SMEs) (2019-2028) ($MN)
Table 24 Global Predictive Maintenance Market Outlook, By Technique (2019-2028) ($MN)
Table 25 Global Predictive Maintenance Market Outlook, By Fluid Analysis (2019-2028) ($MN)
Table 26 Global Predictive Maintenance Market Outlook, By Electrical Testing (2019-2028) ($MN)
Table 27 Global Predictive Maintenance Market Outlook, By Shock Pulse (2019-2028) ($MN)
Table 28 Global Predictive Maintenance Market Outlook, By Vibration Monitoring (2019-2028) ($MN)
Table 29 Global Predictive Maintenance Market Outlook, By Oil Analysis (2019-2028) ($MN)
Table 30 Global Predictive Maintenance Market Outlook, By Motor Circuit and Signature Analysis (2019-2028) ($MN)
Table 31 Global Predictive Maintenance Market Outlook, By Infrared Thermography (2019-2028) ($MN)
Table 32 Global Predictive Maintenance Market Outlook, By Temperature Monitoring (2019-2028) ($MN)
Table 33 Global Predictive Maintenance Market Outlook, By Ultrasonic Leak Detectors (2019-2028) ($MN)
Table 34 Global Predictive Maintenance Market Outlook, By Power System Assessments (2019-2028) ($MN)
Table 35 Global Predictive Maintenance Market Outlook, By Wear Particle Analysis (2019-2028) ($MN)
Table 36 Global Predictive Maintenance Market Outlook, By Circuit Monitor Analysis (2019-2028) ($MN)
Table 37 Global Predictive Maintenance Market Outlook, By Temperature Monitoring (2019-2028) ($MN)
Table 38 Global Predictive Maintenance Market Outlook, By Performance Testing (2019-2028) ($MN)
Table 39 Global Predictive Maintenance Market Outlook, By Traditional (2019-2028) ($MN)
Table 40 Global Predictive Maintenance Market Outlook, By Machine Learning (2019-2028) ($MN)
Table 41 Global Predictive Maintenance Market Outlook, By Advanced (2019-2028) ($MN)
Table 42 Global Predictive Maintenance Market Outlook, By Internet of Things (IOT) /Big Data (2019-2028) ($MN)
Table 43 Global Predictive Maintenance Market Outlook, By End User (2019-2028) ($MN)
Table 44 Global Predictive Maintenance Market Outlook, By Automotive (2019-2028) ($MN)
Table 45 Global Predictive Maintenance Market Outlook, By Manufacturing (2019-2028) ($MN)
Table 46 Global Predictive Maintenance Market Outlook, By Education and Government (2019-2028) ($MN)
Table 47 Global Predictive Maintenance Market Outlook, By Oil & Gas (2019-2028) ($MN)
Table 48 Global Predictive Maintenance Market Outlook, By Healthcare and Life Sciences (2019-2028) ($MN)
Table 49 Global Predictive Maintenance Market Outlook, By Energy and Utilities (2019-2028) ($MN)
Table 50 Global Predictive Maintenance Market Outlook, By Media (2019-2028) ($MN)
Table 51 Global Predictive Maintenance Market Outlook, By Aerospace & Defense (2019-2028) ($MN)
Table 52 Global Predictive Maintenance Market Outlook, By Information Technology (IT) & Telecommunication (2019-2028) ($MN)
Table 53 Global Predictive Maintenance Market Outlook, By Transportation and Logistics (2019-2028) ($MN)
Table 54 Global Predictive Maintenance Market Outlook, By Machinery Equipment (2019-2028) ($MN)
Table 55 Global Predictive Maintenance Market Outlook, By Power (2019-2028) ($MN)
Table 56 Global Predictive Maintenance Market Outlook, By Industrial (2019-2028) ($MN)
Table 57 Global Predictive Maintenance Market Outlook, By Electronics (2019-2028) ($MN)
Table 58 Global Predictive Maintenance Market Outlook, By Other End Users (2019-2028) ($MN)
Table 59 Global Predictive Maintenance Market Outlook, By Agriculture (2019-2028) ($MN)
Table 60 Global Predictive Maintenance Market Outlook, By Retail (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.


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