Global Predictive Maintenance Market Analysis, 2020

Global Predictive Maintenance Market Analysis, 2020

marknteladvisors.com

Document Outline

Introduction About Us, Key Questions Answered In This Study

Table of Content Market Segmentation, Scope of Work

Research Process & Methodology Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research Methodology, Forecasting

Sample Pages Global Predictive Maintenance Market Analysis 2020- Sample

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Commercials

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Disclaimer

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Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Market Segmentation Global Predictive Maintenance Market Segmentation

By Components

By Deployment Mode

• Solutions

By Vertical

By Organization Size

• On- Premise

• Large Enterprise

• Defense & Government

• Integrated

• Cloud

• Small-Medium

• Manufacturing

• Standalone

• Hybrid

Enterprise

• Transportation & Logistics

• Services

• Utilities

• System Integration

• Healthcare & Lifesciences

• Support and Maintenance

• Media & Telecom

• Consulting

• Others

By Testing Type • Vibration Monitoring

• Ultrasonic Leak Detector

• Electrical Insulation

• Oil Analysis

By Region • North America

• The UK

• India

• USA

• France

• Others

• Infrared Thermography

• Canada

• Others

• Temperature Monitoring

• Mexico • EMEA • Germany

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• Rest of the World

• Asia-Pacific • China • Japan

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Forecast Year: 2025 Table of Content

1.Introduction 1.1. Research Process 1.2. Assumption 1.3. Market Share 1.4. Market Definition 2.

Executive Summary

3.

Global Predictive Maintenance Market Analysis, 2015-2025F 3.1. Market Size & Analysis 3.1.1. Market Revenues 3.2. Market Share & Analysis 3.2.1. By Components 3.2.1.1. Solutions 3.2.1.1.1.

Integrated

3.2.1.1.2.

Standalone

3.2.1.2. Services 3.2.1.2.1.

Integration & Deployment

3.2.1.2.2.

Advisory & Consulting

3.2.1.2.3.

Support & Maintenance

3.2.2. By Deployment Mode 3.2.2.1. On-Premise Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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3.2.2.2. Cloud 3.2.2.3. Hybrid 3.2.3. By Organization Size 3.2.3.1. Large Enterprise 3.2.3.2. Small & Medium Enterprise 3.2.4. By Technique 3.2.4.1. Traditional 3.2.4.2. Advanced 3.2.4.2.1.

IOT/Big Data

3.2.4.2.2.

Machine Learning

3.2.5. By Testing Type 3.2.5.1. Vibration Monitoring 3.2.5.2. Electrical Insulation 3.2.5.3. Infrared Thermography 3.2.5.4. Temperature Monitoring 3.2.5.5. Ultrasonic Leak Detector 3.2.5.6. Oil Analysis 3.2.6. By Vertical 3.2.6.1. Government & Defense 3.2.6.2. Manufacturing Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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3.2.6.3. Energy & Utilities 3.2.6.4. Transportation & Logistics 3.2.6.5. Healthcare & Lifesciences 3.2.6.6. Media & Telecom 3.2.6.7. Others (Agriculture, Retail) 3.2.7. By Region 3.2.7.1. North America 3.2.7.2. South America 3.2.7.3. Europe 3.2.7.4. Asia-Pacific 3.2.7.5. Middle East & Africa 3.2.8. By Company 3.2.8.1. Revenue Shares 3.2.8.2. Strategic Factorial Indexing 3.2.8.3. Competitor Placement in MarkNtel Quadrant 4.

North America Predictive Maintenance Market Analysis, 2015- 2025F 4.1. Market Size & Analysis 4.1.1. Market Revenues 4.2. Market Share & Analysis 4.2.1. By Components Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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4.2.2. By Deployment Type 4.2.3. By Organization Size 4.2.4. By Technique 4.2.5. By Testing Type 4.2.6. By Vertical 4.2.7. By Country 4.2.7.1. US 4.2.7.2. Mexico 4.2.7.3. Canada 4.3. The US Predictive Maintenance Market Analysis, 2015-2025F 4.3.1. Market Size & Analysis 4.3.1.1. Market Revenues 4.3.2. Market Share & Analysis 4.3.2.1. By Components 4.3.2.2. By Deployment Type 4.3.2.3. By Organization Size 4.3.2.4. By Technique 4.3.2.5. By Testing Type 4.3.2.6. By Vertical 4.3.2.7. By Region Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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4.4. Canada Predictive Maintenance Market Analysis, 2015-2025F 4.4.1. Market Size & Analysis 4.4.1.1. Market Revenues 4.4.2. Market Share & Analysis 4.4.2.1. By Components 4.4.2.2. By Deployment Type 4.4.2.3. By Organization Size 4.4.2.4. By Technique 4.4.2.5. By Testing Type 4.4.2.6. By Vertical 4.4.2.7. By Region 4.5. Mexico Predictive Maintenance Market Analysis, 2015-2025F 4.5.1. Market Size & Analysis 4.5.1.1. Market Revenues 4.5.2. Market Share & Analysis 4.5.2.1. By Components 4.5.2.2. By Deployment Type 4.5.2.3. By Organization Size 4.5.2.4. By Technique 4.5.2.5. By Testing Type Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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4.5.2.6. By Vertical 4.5.2.7. By Region 5.

South America Predictive Maintenance Market Analysis, 2015- 2025F 5.1. Market Size & Analysis 5.1.1. Market Revenues 5.2. Market Share & Analysis 5.2.1.1. By Components 5.2.1.2. By Deployment Type 5.2.1.3. By Organization Size 5.2.1.4. By Technique 5.2.1.5. By Testing Type 5.2.1.6. By Vertical 5.2.1.7. By Country 5.2.1.7.1. Brazil 5.2.1.7.2. Others 5.3. Brazil Predictive Maintenance Market Analysis, 2015-2025F 5.3.1. Market Size & Analysis 5.3.1.1. Market Revenues 5.3.2. Market Share & Analysis 5.3.2.1. By Components Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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5.3.2.2. By Deployment Type 5.3.2.3. By Organization Size 5.3.2.4. By Technique 5.3.2.5. By Testing Type 5.3.2.6. By Vertical 5.3.2.7. By Region 6.

Europe Predictive Maintenance Market Analysis, 2015- 2025F 6.1. Market Size & Analysis 6.1.1. Market Revenues 6.2. Market Share & Analysis 6.2.1. By Components 6.2.2. By Deployment Type 6.2.3. By Organization Size 6.2.4. By Technique 6.2.5. By Testing Type 6.2.6. By Vertical 6.2.7. By Country 6.2.7.1. Germany 6.2.7.2. France 6.2.7.3. Italy Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Forecast Year: 2025 Table of Content

6.2.7.4. U.K 6.2.7.5. Spain 6.2.7.6. Russia & CIS 6.3. Germany Predictive Maintenance Market Analysis, 2015-2025F 6.3.1. Market Size & Analysis 6.3.1.1. Market Revenues 6.3.2. Market Share & Analysis 6.3.2.1. By Components 6.3.2.2. By Deployment Type 6.3.2.3. By Organization Size 6.3.2.4. By Technique 6.3.2.5. By Testing Type 6.3.2.6. By Vertical 6.3.2.7. By Region 6.4. France Predictive Maintenance Market Analysis, 2015-2025F 6.4.1. Market Size & Analysis 6.4.1.1. Market Revenues 6.4.2. Market Share & Analysis 6.4.2.1. By Components 6.4.2.2. By Deployment Type Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Forecast Year: 2025 Table of Content

6.4.2.3. By Organization Size 6.4.2.4. By Technique 6.4.2.5. By Testing Type 6.4.2.6. By Vertical 6.4.2.7. By Region 6.5. Italy Predictive Maintenance Market Analysis, 2015-2025F 6.5.1. Market Size & Analysis 6.5.1.1. Market Revenues 6.5.2. Market Share & Analysis 6.5.2.1. By Components 6.5.2.2. By Deployment Type 6.5.2.3. By Organization Size 6.5.2.4. By Technique 6.5.2.5. By Testing Type 6.5.2.6. By Vertical 6.5.2.7. By Region 6.6. The UK Predictive Maintenance Market Analysis, 2015-2025F 6.6.1. Market Size & Analysis 6.6.1.1. Market Revenues 6.6.2. Market Share & Analysis Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Forecast Year: 2025 Table of Content

6.6.2.1. By Components 6.6.2.2. By Deployment Type 6.6.2.3. By Organization Size 6.6.2.4. By Technique 6.6.2.5. By Testing Type 6.6.2.6. By Vertical 6.6.2.7. By Region 6.7. Spain Predictive Maintenance Market Analysis, 2015-2025F 6.7.1. Market Size & Analysis 6.7.1.1. Market Revenues 6.7.2. Market Share & Analysis 6.7.2.1. By Components 6.7.2.2. By Deployment Type 6.7.2.3. By Organization Size 6.7.2.4. By Technique 6.7.2.5. By Testing Type 6.7.2.6. By Vertical 6.7.2.7. By Region 6.8. Russia & CIS Predictive Maintenance Market Analysis, 2015-2025F 6.8.1. Market Size & Analysis Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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6.8.1.1. Market Revenues 6.8.2. Market Share & Analysis 6.8.2.1. By Components 6.8.2.2. By Deployment Type 6.8.2.3. By Organization Size 6.8.2.4. By Technique 6.8.2.5. By Testing Type 6.8.2.6. By Vertical 6.8.2.7. By Region 7.

Asia-Pacific Predictive Maintenance Market Analysis, 2015- 2025F 7.1. Market Size & Analysis 7.1.1. Market Revenues 7.2. Market Share & Analysis 7.2.1. By Components 7.2.2. By Deployment Type 7.2.3. By Organization Size 7.2.3.1. By Technique 7.2.3.2. By Testing Type 7.2.4. By Vertical 7.2.5. By Country Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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7.2.5.1. China 7.2.5.2. India 7.2.5.3. Japan 7.2.5.4. South Korea 7.2.5.5. South East Asia 7.3. China Predictive Maintenance Market Analysis, 2015-2025F 7.3.1. Market Size & Analysis 7.3.1.1. Market Revenues 7.3.2. Market Share & Analysis 7.3.2.1. By Components 7.3.2.2. By Deployment Type 7.3.2.3. By Organization Size 7.3.2.4. By Technique 7.3.2.5. By Testing Type 7.3.2.6. By Vertical 7.3.2.7. By Region 7.4. India Predictive Maintenance Market Analysis, 2015-2025F 7.4.1. Market Size & Analysis 7.4.1.1. Market Revenues 7.4.2. Market Share & Analysis Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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7.4.2.1. By Components 7.4.2.2. By Deployment Type 7.4.2.3. By Organization Size 7.4.2.4. By Technique 7.4.2.5. By Testing Type 7.4.2.6. By Vertical 7.4.2.7. By Region 7.5. Japan Predictive Maintenance Market Analysis, 2015-2025F 7.5.1. Market Size & Analysis 7.5.1.1. Market Revenues 7.5.2. Market Share & Analysis 7.5.2.1. By Components 7.5.2.2. By Deployment Type 7.5.2.3. By Organization Size 7.5.2.4. By Technique 7.5.2.5. By Testing Type 7.5.2.6. By Vertical 7.5.2.7. By Region 7.6. South Korea Predictive Maintenance Market Analysis, 2015-2025F 7.6.1. Market Size & Analysis Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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7.6.1.1. Market Revenues 7.6.2. Market Share & Analysis 7.6.2.1. By Components 7.6.2.2. By Deployment Type 7.6.2.3. By Organization Size 7.6.2.4. By Technique 7.6.2.5. By Testing Type 7.6.2.6. By Vertical 7.6.2.7. By Region 7.7. South East Asia Predictive Maintenance Market Analysis, 2015-2025F 7.7.1. Market Size & Analysis 7.7.1.1. Market Revenues 7.7.2. Market Share & Analysis 7.7.2.1. By Components 7.7.2.2. By Deployment Type 7.7.2.3. By Organization Size 7.7.2.4. By Technique 7.7.2.5. By Testing Type 7.7.2.6. By Vertical 7.7.2.7. By Region Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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8.

Middle East & Africa Predictive Maintenance Market Analysis, 2015- 2025F 8.1. Market Size & Analysis 8.1.1. Market Revenues 8.2. Market Share & Analysis 8.2.1. By Components 8.2.2. By Deployment Type 8.2.3. By Organization Size 8.2.4. By Technique 8.2.5. By Testing Equipment 8.2.6. By Vertical 8.2.7. By Country 8.2.7.1. Saudi Arabia 8.2.7.2. UAE 8.2.7.3. Qatar 8.2.7.4. Turkey 8.2.7.5. South Africa 8.3. Saudi Arabia Predictive Maintenance Market Analysis, 2015-2025F 8.3.1. Market Size & Analysis 8.3.1.1. Market Revenues 8.3.2. Market Share & Analysis Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Forecast Year: 2025 Table of Content

8.3.2.2. By Deployment Type 8.3.2.3. By Organization Size 8.3.2.4. By Technique 8.3.2.5. By Testing Equipment 8.3.2.6. By Vertical 8.3.2.7. By Region 8.4. UAE Predictive Maintenance Market Analysis, 2015-2025F 8.4.1. Market Size & Analysis 8.4.1.1. Market Revenues 8.4.2. Market Share & Analysis 8.4.2.1. By Components 8.4.2.2. By Deployment Type 8.4.2.3. By Organization Size 8.4.2.4. By Technique 8.4.2.5. By Testing Equipment 8.4.2.6. By Vertical 8.4.2.7. By Region 8.5. Qatar Predictive Maintenance Market Analysis, 2015-2025F 8.5.1. Market Size & Analysis 8.5.1.1. Market Revenues Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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8.3.2.1. By Components 8.3.2.2. By Deployment Type 8.3.2.3. By Organization Size 8.3.2.4. By Technique 8.3.2.5. By Testing Equipment 8.3.2.6. By Vertical 8.3.2.7. By Region 8.4. UAE Predictive Maintenance Market Analysis, 2015-2025F 8.4.1. Market Size & Analysis 8.4.1.1. Market Revenues 8.4.2. Market Share & Analysis 8.4.2.1. By Components 8.4.2.2. By Deployment Type 8.4.2.3. By Organization Size 8.4.2.4. By Technique 8.4.2.5. By Testing Equipment 8.4.2.6. By Vertical 8.4.2.7. By Region 8.5. Qatar Predictive Maintenance Market Analysis, 2015-2025F 8.5.1. Market Size & Analysis Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Forecast Year: 2025 Table of Content

8.5.1.1. Market Revenues 8.5.2. Market Share & Analysis 8.5.2.1. By Components 8.5.2.2. By Deployment Type 8.5.2.3. By Organization Size 8.5.2.4. By Technique 8.5.2.5. By Testing Equipment 8.5.2.6. By Vertical 8.5.2.7. By Region 8.6. Turkey Predictive Maintenance Market Analysis, 2015-2025F 8.6.1. Market Size & Analysis 8.6.1.1. Market Revenues 8.6.2. Market Share & Analysis 8.6.2.1. By Components 8.6.2.2. By Deployment Type 8.6.2.3. By Organization Size 8.6.2.4. By Technique 8.6.2.5. By Testing Equipment 8.6.2.6. By Vertical 8.6.2.7. By Region Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Forecast Year: 2025 Table of Content

8.7. South Africa Predictive Maintenance Market Analysis, 2015-2025F 8.7.1. Market Size & Analysis 8.7.1.1. Market Revenues 8.7.2. Market Share & Analysis 8.7.2.1. By Components 8.7.2.2. By Deployment Type 8.7.2.3. By Organization Size 8.7.2.4. By Technique 8.7.2.5. By Testing Equipment 8.7.2.6. By Vertical 8.7.2.7. By Region 9.

Global Predictive Maintenance Market Policies, Regulations, Product Standards

10. Global Predictive Maintenance Market Trends & Insights 11. Global Predictive Maintenance Market Dynamics 11.1.Growth Drivers 11.2.Challenges 11.3.Impact Analysis 12. Global Predictive Maintenance Market Hotspot and Opportunities 13. Global Predictive Maintenance Market Key Strategic Imperatives for Success and Growth 14. Competition Analysis Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Historical Year: 2015 Base Year: 2019

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Forecast Year: 2025 Table of Content

14.1.Competition Matrix 14.1.1. Product Portfolio 14.1.2. Brand Specialization 14.1.3. Target Markets 14.1.4. Target End Users 14.1.5. Research & Development 14.1.6. Strategic Alliances 14.1.7. Strategic Initiatives 14.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans) 14.2.1. IBM Corporation 14.2.2. Microsoft Corporation 14.2.3. SAP SE 14.2.4. Software AG 14.2.5. Schneider Electric SE 14.2.6. General Electric (GE) 14.2.7. Hitachi, Ltd. 14.2.8. PTC, Inc. 14.2.9. TIBCO Software, Inc. 14.2.10. Uptake Technologies, Inc. 15. Disclaimer Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Document Outline

Introduction About Us, Key Questions Answered In This Study

Table of Content Market Segmentation, Scope Of Work

Research Process & Methodology Primary Research, Secondary Research, Companies Interviewed, Respondent Profile, Research Methodology, Forecasting

Sample Pages Global Predictive Maintenance Market Analysis 2020- Sample

02

05

27

35

Commercials

67

Disclaimer

69

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

24

Global Predictive Maintenance Market Outlook, 2015-2025F

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

Global Predictive Maintenance Market Outlook, By Revenues Figure Figure 1: 1: Global Global Predictive Predictive Maintenance Maintenance Market Market Revenues Revenues (USD (USD Billion), Billion), 20152015- 2025F 2025F

Revenue: XX% CAGR

CAGR

Revenue: XX%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

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.

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26

Global Predictive Maintenance Market Revenue Share, By Components Figure Figure 3: 3: Global Global Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Components, Components, 2019 2019 & & 2025F 2025F Market Share (Percentage)

2019

Market Size in (USD Mn)

2019

2025

CAGR (%)

Solution

XX

XX

XX%

Services

XX

XX

XX%

2025F

*These are dummy charts and do not represent actual value

Services

Solution

• Services: The increasing need for IT security, consultation, data warehousing, maintenance and development with t he 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.

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27

Global Predictive Maintenance Market Revenue Share, By Components Solutions

Solutions

2019

2025F

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In te gr a

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*These are dummy charts and do not represent actual value

St an da lo ne

Services

te d

Services

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Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

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Integrated

Standalone

28

Global Predictive Maintenance Market Revenue Share, By Testing Type Figure Figure 3:Global 3:Global Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Testing Testing Types, Types, 2019 2019 & & 2025F 2025F Market Share (Percentage)

Market Size (2019- USD Bn Vs CAGR 2020-25 (Percentage)

*These are dummy charts and do not represent actual value 7

6

Electrical Insulation

Vibration Monitoring Temperature Monitoring

Ultrasonic Leak Detector

Market Size (USD Mn)

2025F

2019

5

Infrared Thermography

4

3

Vibration Monitoring System is 2

expected to grow at a CAGR of 7% during 2020-2025

1

0

0%

1%

Others

2%

3%

4%

CAGR 2020-25

5%

6%

7%

Source: MarkNtel Advisors

• 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

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29

Global Predictive Maintenance Market Revenue Share, By Deployment Mode Figure Figure 4: 4: Global Global Predictive Predictive Maintenance Maintenance Market Market Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Deployment Deployment Mode, Mode, 2019 2019 & & 2025F 2025F Market Size (USD Bn)

Market Share (Percentage) Hybrid

2019

2025F

Fastest growing segment CAGR: X% Key End: Need for data extraction due to Increasing operations in multi nations

Cloud

On Premise *These are dummy charts and do not represent actual value

On-Premise

Cloud

Hybrid 2025

2019

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.

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30

Global Predictive Maintenance Market Revenue Share, By Organization Size Figure Figure 5: 5: Global Global Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share, Share, By

By Organization Organization Size, Size, 2019 2019 & & 2025F 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

Large Enterprise

Large Enterprise

Small-Medium Enterprise

Small-Medium Enterprise 2019

2025

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.

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31

Global Predictive Maintenance Market Revenue Share, By End User Figure Figure 9: 9: Global Global Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share, Share, By

By End End User, User, 2019 2019 & & 2025F 2025F • Manufacturing sector grabbed the major market share on account of the need for the regular maintenance and increasing operational maintenance of the machinery.

Defense & Govt.

Others

2019

2025

XX%

XX%

Manufacturing

2019

2025

2019

2025

XX%

XX%

XX%

XX%

2019: USD XX Billion

Media & Telecom

Transport & Logistics

2019

2025

2019

XX%

XX%

XX%

Healthcare

Utilities

2019

2025

2019

2025

XX%

XX%

XX%

XX%

*Others include: Telecom, Marine, etc.

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2025 XX%

• 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.

Source: MarkNtel Advisors

32

Global Predictive Maintenance Market Revenue Share, By Region Figure Figure 10: 10: Global Global Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share, Share, By

By Region, Region, 2019 2019 & & 2025F 2025F North America  

Europe

2019: XX% 2025F: XX%

 

2019: XX% 2025F: XX%

Asia Pacific  

2019: XX% 2025F: XX%

South America  

Middle East & Africa

2019: XX% 2025F: XX%  

2019: XX% 2025F: XX% Source: MarkNtel Advisors

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

33

Europe Predictive Maintenance Market Outlook, 2015-2025F

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

Europe Predictive Maintenance Market Outlook, By Revenues Figure Figure 1: 1: Europe Europe Predictive Predictive Maintenance Maintenance Market Market Revenues Revenues (USD (USD Million), Million), 20152015- 2025F 2025F

Revenue: XX% CAGR

CAGR

Revenue: XX%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

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.

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

35

Europe Predictive Maintenance Market Revenue Share, By Components & Testing Type Figure Figure 3:Europe 3:Europe Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Components, Components, 2019 2019 & & 2025F 2025F

2015

2016

2017

2018

2019

2020 Solution

2021

2022

2023

2024

2025

Services

Figure Figure 3:Europe 3:Europe Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Testing Testing Type, Type, 2019 2019 & & 2025F 2025F

2025F

2019

*These are dummy charts and do not represent actual value

Vibration Monitoring

Electrical Insulation

Infrared Thermography

Market Size (USD Mn)

Market Size (2019- USD Bn Vs CAGR 2020-25 (Percentage) 7 6 5 4 3

Vibration Monitoring System is

2

expected to grow at a CAGR of 7%

1

during 2020-2025

0

0% Temperature Monitoring

Ultrasonic Leak Detector

Others

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

1%

2%

3%

4%

5%

6%

7%

CAGR 2020-25 Source: MarkNtel Advisors

36

Europe Predictive MaintenanceMarket Revenue Share, By Deployment Mode & Organization Size Figure Figure 3:Europe 3:Europe Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Deployment Deployment Mode, Mode, 2019 2019 & & 2025F 2025F Market Size (USD Mn)

Market Share (Percentage) Hybrid

2019

2025F

Fastest growing segment CAGR: X% Key End: XX

Cloud

On Premise

2025

*These are dummy charts and do not represent actual value

Hybrid

On-Premises

2019

Cloud

Source: MarkNtel Advisors

Figure Figure 3:Europe 3:Europe Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Organization Organization Size, Size, 2019 2019 & & 2025F 2025F

2015

2016

2017

2018

2019

2020 Large

2021 Mid- Small

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

2022

2023

2024

2025 Source: MarkNtel Advisors

37

Europe Predictive Maintenance Market Revenue Share, By End User Figure Figure 9:Europe 9:Europe Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share, Share, By

By End End User, User, 2019 2019 & & 2025F 2025F Defense & Govt.

Others

2019

2025

XX%

XX%

Manufacturing

2019

2025

2019

2025

XX%

XX%

XX%

XX%

2019: USD XX Billion

Media & Telecom

Transport & Logistics

2019

2025

2019

XX%

XX%

XX%

Healthcare

2025 XX%

Utilities

2019

2025

2019

2025

XX%

XX%

XX%

XX%

*Others include: Agriculture, Retail etc.

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

38

Europe Predictive Maintenance Market Revenue Share, By Country Figure Figure 18: 18: Europe Europe Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share, Share, By

By Country, Country, 2019 2019 & & 2025F 2025F

Country

2019

2025

France

XX%

XX%

The U.K

XX%

XX%

Germany

XX%

XX%

Others

XX%

XX%

Source: MarkNtel Advisors

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

39

Germany Predictive Maintenance Market Outlook, 2015-2025F

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

Germany Predictive Maintenance Market Outlook, By Revenues Figure Figure 1: 1: Germany Germany Predictive Predictive Maintenance Maintenance Market Market Revenues Revenues (USD (USD Billion), Billion), 20152015- 2025F 2025F

Revenue: XX% CAGR

CAGR

Revenue: XX%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

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

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

41

Germany Predictive Maintenance Market Revenue Share, By Components & Testing Type Figure Figure 3: 3: Germany Germany Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Components, Components, 2019 2019 & & 2025F 2025F

2015

2016

2017

2018

2019

2020 Solutions

2021

2022

2023

2024

2025

Services

Figure Figure 3: 3: Germany Germany Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Testing Testing Type, Type, 2019 2019 & & 2025F 2025F

2025F

2019

Vibration Monitoring

Electrical Insulation

Infrared Thermography

*These are dummy charts and do not represent actual value

Temperature Monitoring

Ultrasonic Leak Detector

Market Size (USD Mn)

Market Size (2019- USD Bn Vs CAGR 2020-25 (Percentage) 7 6 5 4 3

Vibration Monitoring System is

2

expected to grow at a CAGR of 7%

1

during 2020-2025

0

0%

Others

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

1%

2%

3%

4%

CAGR 2020-25

5%

6%

7%

Source: MarkNtel Advisors

42

Germany Predictive MaintenanceMarket Revenue Share, By Deployment Mode & Organization Size Figure Figure 3: 3: Germany Germany Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Deployment Deployment Mode, Mode, 2019 2019 & & 2025F 2025F Market Size (USD Mn) Market Share (Percentage) Hybrid

2019

2025F

Fastest growing segment CAGR: X% Key End: XX

Cloud

On Premise

2025

Hybrid

On-Premises

2019

Cloud

Source: MarkNtel Advisors

Figure Figure 3:Germany 3:Germany Predictive Predictive Maintenance Maintenance Market Market Revenue Revenue Share Share (Percentage), (Percentage), Market Market Size Size (USD (USD Bn), Bn), By

By Organization Organization Size, Size, 2019 2019 & & 2025F 2025F

2015

2016

2017

2018

2019

2020 Large

2021

2022

2023

2024

2025

Mid- Small Source: MarkNtel Advisors

Copyright 2020. Reproduction is forbidden unless authorized. All rights reserved.

43

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.

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recording or otherwise,

without the

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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

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44