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Global Predictive Maintenance Market Analysis, 2020

According to MarkNtel Advisorsu2019 research report titled u201cGlobal Predictive Maintenance Market Analysis, 2020u201d, the Global Predictive Maintenance market is anticipated to grow at a CAGR of around 27.20% during 2020-25.

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Global Predictive Maintenance Market Analysis, 2020

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  1. Global Predictive Maintenance Market Analysis, 2020 marknteladvisors.com

  2. Document Outline Introduction About Us, Key Questions Answered In This Study 02 Table of Content Market Segmentation, Scope of Work 05 Research Process & Methodology Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research Methodology, Forecasting 27 Sample Pages Global Predictive Maintenance Market Analysis 2020- Sample 35 Commercials 67 Disclaimer 69

  3. Market Segmentation Global Predictive Maintenance Market Segmentation By Components By Deployment Mode By Vertical By Organization Size • Solutions • Integrated • Standalone • Services • System Integration • Support and Maintenance • Consulting • Defense & Government • Manufacturing • Transportation & Logistics • Utilities • Healthcare & Lifesciences • Media & Telecom • Others • On- Premise • Cloud • Hybrid • Large Enterprise • Small-Medium Enterprise By Testing Type By Region • North America • USA • Canada • Mexico • EMEA • Germany • The UK • France • Others • Asia-Pacific • China • Japan • India • Others • Rest of the World • Vibration Monitoring • Electrical Insulation • Infrared Thermography • Temperature Monitoring • Ultrasonic Leak Detector • Oil Analysis

  4. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (1/20)

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  22. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (19/20)

  23. Historical Year: 2015 Base Year: 2019 Forecast Year: 2025 Table of Content (20/20)

  24. Document Outline Introduction About Us, Key Questions Answered In This Study 02 Table of Content Market Segmentation, Scope Of Work 05 Research Process & Methodology Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research Methodology, Forecasting 27 Sample Pages Global Predictive Maintenance Market Analysis 2020- Sample 35 Commercials 67 Disclaimer 69

  25. Global Predictive Maintenance Market Outlook, 2015-2025F

  26. Global Predictive Maintenance Market Outlook, By Revenues • Figure 1: Global Predictive Maintenance Market Revenues (USD Billion), 2015- 2025F Revenue: XX% Revenue: XX% Source: MarkNtel Advisors • The predictive maintenance market is proliferating on account of the rise in the industrial sector due to the need for reducing maintenance costs, unexpected failures and downtimes. Moreover, the increasing investments by the companies in predictive maintenance to increase operational efficiency is contributing to the demand for predictive maintenance solutions. in the industrial and manufacturing sectors. • •Besides, the mounting innovations in IoT, artificial intelligence and machine learning coupled with the integration and adoption of these technologies in the commercial sector to provide improve product quality, reducing the product development life cycle, time to market products are the key factors driving the predictive maintenance market across the globe. Moreover, the seed funding from the venture capitalists’ to the start-ups which are involved n the predictive maintenance offering and on the way to do it are gaining momentum in the industry which is contributing to the growth of the market.

  27. Global Predictive Maintenance Market Revenue Share, By Components • Figure 3: Global Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Components, 2019 & 2025F Market Share (Percentage) 2019 2025F Services *These are dummy charts and do not represent actual value Solution • Services: The increasing need for IT security, consultation, data warehousing, maintenance and development with the advent of new technologies such as IoT, machine learning and artificial intelligence are contributing to the growth of the services. Moreover, the increasing IoT spending on the services and the trend of connected devices is one of the key factors contributing to the growth of the market. • Solution: The solution includes the software and the hardware such as sensors and equipment, gateways, cloud service, etc. used in the predictive maintenance. The increasing industrial sector an IT sector creates the requirement for the predictive maintenance solution and contribute to the growth of the market.

  28. Global Predictive Maintenance Market Revenue Share, By Components Solutions Solutions 2019 2025F Services Services *These are dummy charts and do not represent actual value

  29. Global Predictive Maintenance Market Revenue Share, By Testing Type • Figure 3:Global Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Testing Types, 2019 & 2025F Market Share (Percentage) *These are dummy charts and do not represent actual value 2025F 2019 Market Size (USD Mn) Vibration Monitoring System is expected to grow at a CAGR of 7% during 2020-2025 Electrical Insulation Vibration Monitoring CAGR 2020-25 Temperature Monitoring Ultrasonic Leak Detector Others Source: MarkNtel Advisors Infrared Thermography • The manufacturers/ industries are adopting predictive maintenance based on techniques such as vibration monitoring, oil analysis to know the condition of the equipment of machinery. Organizations/ Industries adopting the vibration monitoring to reduce equipment cost, labor cost, lost production time and increased safety and revenue by providing the deeper and actionable insights, The process industries across the globe loss approximately USD 20 billion to USD 60 billion each year due to the poor asset quality and unscheduled downtime. So, the organizations are adopting conditional monitoring in the industries. Source: Relialeplant

  30. Global Predictive Maintenance Market Revenue Share, By Deployment Mode • Figure 4: Global Predictive Maintenance Market Share (Percentage), Market Size (USD Bn), By Deployment Mode, 2019 & 2025F Market Size (USD Bn) Market Share (Percentage) Fastest growing segment CAGR: X% Key End: Need for data extraction due to Increasing operations in multi nations 2019 2025F *These are dummy charts and do not represent actual value Hybrid Cloud On-Premise Source: MarkNtel Advisors • Cloud: The market share of the cloud-based solution is expected to increase in the forthcoming years on account of the benefits such as real-time operational data, remote access, quick detection of the equipment's malfunction which leads to the increase in profits by decreasing maintenance and services costs. Moreover, the increasing spending on cloud services and infrastructure is the prime factor for growth. It is forecast that the spending on the cloud infra and services will get double during 2019-23 and reach USD 500 billion. • On-Premise: On-premise segment dominated the market in 2019 as the concept of cloud is relatively new to several SMEs and requires large capital investment. Moreover, factors such as complete data visibility and control, customizable hardware's and virus protection, good physical control on the security is the prime factor contributing to the growth of the on-premise predictive maintenance market.

  31. Global Predictive Maintenance Market Revenue Share, By Organization Size • Figure 5: Global Predictive Maintenance Market Revenue Share, By Organization Size, 2019 & 2025F Market Size (USD Mn) Market Share (Percentage) Fastest growing segment CAGR: X% Key XX: Large Enterprises accounts for the X% of the global IoT spending. 2025F 2019 *These are dummy charts and do not represent actual value Small-Medium Enterprise Large Enterprise Source: MarkNtel Advisors • Large Enterprise: The early adoption of new technologies such as cloud services, machine learning, etc. by the large enterprises due to the vast number of applications and data across the globe is resulting in the growth of the predictive maintenance solution market. Moreover, the growing demand for connected devices, reliable and highspeed network connectivity in the large manufacturing industries to reduce the chances of error and faults in creating the need for the predictive maintenance solution. • Small-Medium Enterprise: The adoption of the predictive maintenance solution by the small-medium enterprise is comparatively low as the predictive maintenance solutions require a large investment and due to the budget constraint SMEs are not more inclined towards the adoption of predictive maintenance solutions.

  32. Global Predictive Maintenance Market Revenue Share, By End User • Figure 9: Global Predictive Maintenance Market Revenue Share, By End User, 2019 & 2025F • Manufacturing sector grabbed the major market share on account of the need for the regular maintenance and increasing operational maintenance of the machinery. • Adoption of IoT in the manufacturing sector is the key factor contributing to the growth of the market. for power consumption analytics . It is estimated that IoT spending in the manufacturing is to be USD 197 bn by 2019. Manufacturing Transport & Logistics Source: MarkNtel Advisors *Others include: Telecom, Marine, etc.

  33. Global Predictive Maintenance Market Revenue Share, By Region • Figure 10: Global Predictive Maintenance Market Revenue Share, By Region, 2019 & 2025F North America South America Middle East & Africa AsiaPacific Europe • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% • 2019: XX% • 2025F: XX% Source: MarkNtel Advisors

  34. Europe Predictive Maintenance Market Outlook, 2015-2025F

  35. Europe Predictive Maintenance Market Outlook, By Revenues • Figure 1: Europe Predictive Maintenance Market Revenues (USD Million), 2015- 2025F Revenue: XX% Revenue: XX% Source: MarkNtel Advisors • Manufacturers and transport operators in the European region are shifting towards the adoption of digital technologies such as IoT and predictive analytics to optimize the maintenance process of their assets. These technologies posses a huge amount of data that is used for predictive maintenance. As per a study PAC/CXP, that happened in 2018, 83% of the manufacture and transport operators in Europe are planning to increase their spending on predictive maintenance by 2020 that would help the predictive maintenance market to grow. • In addition, due to the growth in the demand for renewable energy in the region, the demand for predictive maintenance is witnessing an uptick due to the prevention of the downfall in the energy sector. Moreover, the European government has proposed a strategy “Europe 2020” that aims to increase the share of renewable sources in the energy mix to reach to 20% by 2020 which was 16% in 2016.

  36. Europe Predictive Maintenance Market Revenue Share, By Components & Testing Type • Figure 3:Europe Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Components, 2019 & 2025F Electrical Insulation Vibration Monitoring • Figure 3:Europe Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Testing Type, 2019 & 2025F Infrared Thermography 2025F 2019 Market Size (USD Mn) Vibration Monitoring System is expected to grow at a CAGR of 7% during 2020-2025 *These are dummy charts and do not represent actual value Temperature Monitoring Ultrasonic Leak Detector CAGR 2020-25 Others Source: MarkNtel Advisors

  37. Europe Predictive MaintenanceMarket Revenue Share, By Deployment Mode & Organization Size • Figure 3:Europe Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Deployment Mode, 2019 & 2025F Market Size (USD Mn) Market Share (Percentage) 2019 2025F Fastest growing segment CAGR: X% Key End:XX *These are dummy charts and do not represent actual value Source: MarkNtel Advisors • Figure 3:Europe Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Organization Size, 2019 & 2025F Source: MarkNtel Advisors

  38. Europe Predictive Maintenance Market Revenue Share, By End User • Figure 9:Europe Predictive Maintenance Market Revenue Share, By End User, 2019 & 2025F Manufacturing Transport & Logistics *Others include: Agriculture, Retail etc.

  39. Europe Predictive Maintenance Market Revenue Share, By Country • Figure 18: Europe Predictive Maintenance MarketRevenue Share, By Country, 2019 & 2025F Source: MarkNtel Advisors

  40. Germany Predictive Maintenance Market Outlook, 2015-2025F

  41. Germany Predictive Maintenance Market Outlook, By Revenues • Figure 1: Germany Predictive Maintenance Market Revenues (USD Billion), 2015- 2025F Revenue: XX% Revenue: XX% Source: MarkNtel Advisors • Germany is one of the global leaders in steel production and also the country is the hub of industries such as automobiles, chemicals, machine building, electrical engineering and electronics, and food processing. Also, the long term investment by the federal government in the manufacturing sector is creating an opportunity for the predictive maintenance market owing to the usage of heavy machinery and equipment's which needs timely maintenance for the proper output. Germany’s manufacturing value-added is expected to increase by 4.3% during 2016-22. • Moreover, the digital industrial revolution in Germany has impacted predictive maintenance is a very positive manner. The manufacturer/ industrialists and organizations are moving towards industrial automation which creates the need for the predictive maintenance solution with the aim of reducing the operational costs by reducing the replacement and repair costs. Source: BMI

  42. Germany Predictive Maintenance Market Revenue Share, By Components & Testing Type • Figure 3: Germany Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Components, 2019 & 2025F Electrical Insulation Vibration Monitoring • Figure 3: Germany Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Testing Type, 2019 & 2025F Infrared Thermography 2025F 2019 Market Size (USD Mn) Vibration Monitoring System is expected to grow at a CAGR of 7% during 2020-2025 *These are dummy charts and do not represent actual value CAGR 2020-25 Temperature Monitoring Ultrasonic Leak Detector Others Source: MarkNtel Advisors

  43. Germany Predictive MaintenanceMarket Revenue Share, By Deployment Mode & Organization Size • Figure 3: Germany Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Deployment Mode, 2019 & 2025F Market Size (USD Mn) Market Share (Percentage) 2019 2025F Fastest growing segment CAGR: X% Key End:XX Source: MarkNtel Advisors • Figure 3:Germany Predictive Maintenance Market Revenue Share (Percentage), Market Size (USD Bn), By Organization Size, 2019 & 2025F Source: MarkNtel Advisors

  44. Disclaimer MarkNtel Advisors provides market specific information that is intended for key sets of customers which can be used for internal purposes, but not for general publication or disclosure to third parties. No part of the report can be, lent, resold or disclosed to non-customers without written permission. No part may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the permission of the publisher. The Market specific information is based on primary interviews and MarkNtel Advisors takes no responsibility for any incorrect information provided to us. MarkNtel Advisors would not be held responsible for any loss or damage caused due to the usage of such information and thus would not refund in any case the amount spent by the company in purchasing such information. +1 (613) 707-5086 sales@marknteladvisors.com

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