Global Predictive Maintenance Strategic Business Report 2023: Sensors Remain a Critical Component of Predictive Maintenance


Dublin, May 17, 2023 (GLOBE NEWSWIRE) -- The "Predictive Maintenance: Global Strategic Business Report" report has been added to's offering.

The global market for Predictive Maintenance estimated at US$5.6 Billion in the year 2022, is projected to reach a revised size of US$32 Billion by 2030, growing at a CAGR of 24.4% over the analysis period 2022-2030.

Cloud, one of the segments analyzed in the report, is projected to record 28.7% CAGR and reach US$18.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the On-Premise segment is readjusted to a revised 20.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 30.3% CAGR

The Predictive Maintenance market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 30.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.3% and 22.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 21.4% CAGR.

Select Competitors (Total 58 Featured) -

  • ABB Limited
  • Asystom
  • Augury Inc.
  •, Inc.
  • Emerson Electric Co.
  • GE Digital
  • Operational Excellence (OPEX) Group Ltd
  • PTC Inc.
  • Rapidminer
  • Robert Bosch GmbH
  • Rockwell Automation, Inc.
  • SAP SE
  • SAS Institute Inc.
  • Schneider Electric SE
  • Siemens AG
  • Sigma Industrial Precision
  • SparkCognition
  • T-Systems International GmbH
  • Thales Group

Key Attributes:

Report AttributeDetails
No. of Pages443
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$5.6 Billion
Forecasted Market Value (USD) by 2030$32 Billion
Compound Annual Growth Rate24.3%
Regions CoveredGlobal

Key Topics Covered:




  • Predictive Maintenance - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Plant Asset Maintenance, the Cornerstone for Achieving Excellence in Manufacturing Productivity
  • Why Migrate to Predictive Maintenance? What's In It for Companies?
  • With Manufacturing Competitiveness Increasing by the Day, PdM is the Right Step Forward Towards to Higher Value, Smart Manufacturing: Global Manufacturing Competitiveness Index (10-100 Index Score) by Country for the Year 2020
  • Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • Continued High Unemployment Levels Challenges Growth in Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
  • As Mass Vaccination Drives Get Underway Worldwide, Will It Change the Existing Economic Realities & Is it Really the Silver Bullet We Were Waiting For?
  • How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Number of COVID-19 Vaccinations (Per 100 People) As of February 2021 by country
  • Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
  • How the Machinery & Manufacturing Automation Industries Are Impacted by the Pandemic & What's the New Normal?
  • Global Machine Tools Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Manufacturing Automation
  • The Growing Momentum Towards Manufacturing Automation to Encourage New Pathways to Automating Machine Maintenance: Global Manufacturing Automation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Predictive Maintenance: Definition, Scope, Importance, Benefits & Applications
  • Recent Market Activity
  • Innovations
  • World Brands



  • The Age of Analytics Made More Important by COVID-19 Provides the Cornerstone for the Disruptive Growth of Predictive Maintenance
  • Here's How the Rise of "Predictive Analytics" Will Bring the Concept of Predictive Maintenance to Fruition
  • Applications of Predictive Analytics Expand from Fraud Detection, Personalized Marketing to Asset Management: Global Investments in Predictive Analytics (In US$ Billion) for the Years 2020, 2022, 2024 & 2026
  • Industry 4.0 Pushes Up the Effectiveness of Predictive Maintenance
  • Market to Witness Unconventional Growth as Effectiveness of Predictive Analytics in Predicting Failure & Maintenance Event Improves on the Back of IIoT: Global Breakdown of Investments in Manufacturing IoT (in US$ Billion) for the Years 2020, 2022, 2024, and 2026
  • Sensors Remain a Critical Component of Predictive Maintenance
  • Data Communication Systems, the Backbone for Successful Predictive Maintenance
  • Here's How AI Will Revolutionize Predictive Maintenance
  • AI Embedded Sensors Vital for Real-Time Fault Detection & Outsmarting Failure
  • Growing Investments in AI by Manufacturing Companies Will Promote Innovative Uses of AI in Machine Condition Monitoring: Global AI Investments in Manufacturing (In US$ Billion) for the Years 2019, 2022 and 2025
  • Harnessing the Power of Cloud Computing Remains Crucial for Effective Predictive Maintenance
  • What Has Blockchain to Offer for Predictive Maintenance?
  • Predictive Maintenance for Medical Devices Grows in Popularity as Hospitals Focus on Enhancing Asset Efficiency
  • Focus on Smart Fleet Management Drives Adoption of Predictive Maintenance




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Global Market for Predictive Maintenance

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