Press release
Predictive Maintenance Market Forecast to Reach USD 41.9 B by 2030 at 29.5% CAGR
Predictive Maintenance Market
A new study reveals the global Predictive Maintenance (PdM) market was valued at USD 6.86 billion in 2023 and is projected to grow to approximately USD 41.92 billion by 2030, expanding at a robust CAGR of 29.5% between 2024 and 2030
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◉ Market Snapshot & Drivers
Current value: USD 6.86 B (2023) → 2030 forecast: USD 41.92 B at CAGR ~29.5%
Other market estimates highlight growth to USD 70.7 B by 2032 at 26.5% CAGR , or even USD 162.1 B by 2033 at 32.2% CAGR
Key drivers: integration of IoT sensors, big data analytics, AI/ML-powered diagnostics, and rising adoption of Industry 4.0 frameworks
◉ Competitive Landscape
Top players shaping this market include IBM, GE, Siemens, Microsoft, SAP, ABB, Rockwell Automation, PTC, C3.ai, and Hitachi Firms are advancing with AI-driven platforms, cloud-based services, digital twin integration, and prescriptive maintenance enhancements.
◉ Regional Demand & Higher Growth Region
North America leads in market share (~35-45%), driven by demand for uptime and cost reduction in manufacturing and energy sectors
Asia-Pacific is the fastest-growing region, adopting predictive maintenance across sectors including manufacturing, energy, and transportation
Europe follows closely with strong uptake in smart manufacturing and remote monitoring applications
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◉ Country-Level Highlights
AI Opportunities in Vietnam
Manufacturers in Vietnam are piloting AI-driven maintenance with sensors and cloud platforms to combat frequent downtime in electronics and auto assembly lines.
Cloud Trends in Thailand
Thai enterprises are deploying cloud-native PdM solutions that combine vibration, temperature, and acoustic data to support food processing and heavy industry reliability.
Prescriptive Growth in Japan
Japan is transitioning from condition-based to prescriptive maintenance, integrating AI and digital twins for improved accuracy and seamless integration with industrial automation systems.
Factory 4.0 Updation in South Korea
South Korea is upgrading factory automation by embedding advanced sensors and AI in vacuum tool and EV battery production lines.
Benchmarking Innovation in Singapore
Singapore deploys predictive maintenance systems across semiconductor fabs and transport infrastructure, leveraging digital twins and real-time data analytics.
Consolidation Trends in the United States
U.S. providers-including IBM and GE-are partnering with startups like Aquant and Gecko Robotics to enhance PdM platforms, leveraging AI, robotics, and large-language models for diagnostics
Growth in China
China is fueling PdM demand with government-backed semiconductor fabs and manufacturing labs, as local providers scale solutions across industrial sectors.
Compliance & Opportunity in Europe
European firms are adopting AI-powered PdM systems to increase uptime and energy efficiency, aligned with Industry 4.0 mandates and sustainability goals.
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-predictive-maintenance-market/96231/
◉ Predictive Maintenance Market Segment Analysis:
by Solution
Integrated
Standalone
by Service
Installation
Support & Maintenance
Training & Consulting
by Deployment
Cloud
On-premise
by Enterprise Size
Small & Medium Enterprises
Large Enterprises
◉ Mergers & Partnerships
Aquant and Gecko Robotics are working with global corporations like Coca‐Cola, HP, and Siemens Energy to pilot AI-driven diagnostics and inspection robots
Augury partnered with DSV to launch "Parts as a Service" (PaaS), integrating predictive analytics to recommend spare parts proactively
◉ Key Recent Developments
Business Insider highlights that AI-robotics PdM systems could save global companies up to USD 1.4 trillion annually in unplanned downtime
Startups are deploying large‐language models to allow technicians to query systems conversationally, improving efficiency and context-based diagnostics
Adoption hurdles include high upfront costs, data silos, skills shortages, and organizational resistance-though ROI is often achieved within 12-24 months .
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◉ About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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