Predictive Maintenance Market Analysis By Manufacturers Amiral Technologies, Embitel, General Electric, Honeywell International,IBM

Global predictive maintenance market is estimated to be valued at US$ 2,123.8 Mn in 2018, up from US$ 1,639.2 Mn in 2017. By 2026, the market is projected to reach US$ 17,700.8 Mn, exhibiting a CAGR of 30.3% over the forecast period (2018-2026). Increasing adoption of predictive maintenance in automotive aftermarket, growing industrial automation, increasing demand for periodic maintenance (for operations, assets, and production) are some major factors contributing in growth of the global predictive maintenance market.

On the basis of component, the global predictive maintenance market is segmented into solutions and services. On the basis of deployment, the market is segmented into on-premise and cloud. On the basis of application, the market is segmented into asset maintenance, operations maintenance, and health & performance optimization. On the basis of end-use industry, the market is segmented into oil & gas, aerospace & defense, automotive, power generation, hospitals/clinics/diagnostic laboratories, biotechnology/pharmaceutical manufacturers, medical device manufacturers, and shipping.

Get Sample Copy Now with Some Benefits!
https://www.coherentmarketinsights.com/insight/request-sample/2548
**including TOC,figures and Chart+30 minutes of consultation

* country level analysis for any 5 countries of your choice.
* Competitive analysis of any market players.
* 40 analyst hours to cover any other data points

Manufacturing industries are in constant need for improving performance, reliability, and service management. Data acquisition, monitoring, and analytics aids in achieving better reliability and service management. Data-based predictive models help in boosting performance of manufacturing process and offers improved manufacturing quality. Therefore, such benefits of predictive maintenance increasing its adoption in manufacturing industries. For instance, in July 2019, BISTel, one of the leading supplier of equipment engineering solutions (EES) and adaptive intelligence (AI) applications for the smart manufacturing, announced a launch of its next-generation, AI powered equipment "Health Monitoring and Predictive Maintenance (HMP) Solution" for the smart manufacturing.

What does all the regional segmentation cover? Can the country of specific interest be added?
Currently, the research report pays particular attention to the following regions:
North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Russia, Spain, etc.), South America (Brazil, Argentina, etc.) and Middle East and Africa (Saudi Arabia, South Africa, etc.)
** A country of specific interest can be included at no additional cost. For the inclusion of more regional segments, quotes may vary.

Automotive companies use predictive maintenance to collect and monitor real-time data. The collected real-time data is used for gaining insights of the vehicle and engine parts. For instance, in July 2018, Presenso, one of the provider of machine-learning-based solutions for predictive asset maintenance, announced a launch of its predictive maintenance solution which incorporates the latest advances in Automated Machine and Deep Learning technology (Auto-ML).

The U.S. accounted for the largest share in North America and the global predictive maintenance market in 2018, and is projected to retain its dominance during the forecast period. This is owing to increasing investment by major companies to increase profitability and to achieve cost optimization.

In North America predictive maintenance market, the manufacturing segment held dominant position, followed by aerospace & defense, and energy & utilities sector in 2018. Key players operating in the North America predictive maintenance market include, Robert Bosch, General Electric, and Rockwell Automation.

Global Predictive Maintenance Market: Key Players

Major players operating in the global predictive maintenance industry include, Amiral Technologies, Embitel, General Electric, Honeywell International, Inc., IBM Corporation, Microsoft Corporation, Rockwell Automation, Inc., Senseye Ltd., Softweb Solutions, Inc., Warwick Analytics, SAP SE, Robert Bosch GmbH, Software AG, and Siemens AG.

Can we add or profile a new company according to our needs?
Yes, we can add or profile a new company according to customer needs in the report. Final confirmation should be provided by the research team depending on the difficulty of the investigation.
** The availability of data will be confirmed by research in the case of a private company. Up to 3 players can be added at no additional cost.

Get PDF Brochure of This Business Report:
https://www.coherentmarketinsights.com/insight/request-pdf/2548

Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.