Market Research Report
Predictive Maintenance for Manufacturing Industry
|Published by||Global Industry Analysts, Inc.||Product code||939298|
|Published||Content info||174 Pages
Delivery time: 1-2 business days
|Predictive Maintenance for Manufacturing Industry|
|Published: July 1, 2020||Content info: 174 Pages||
Global Predictive Maintenance for Manufacturing Industry Market to Reach $3.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Predictive Maintenance for Manufacturing Industry estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$3.9 Billion by 2027, growing at aCAGR of 20.1% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 19.5% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 20.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $325 Million, While China is Forecast to Grow at 19.8% CAGR
The Predictive Maintenance for Manufacturing Industry market in the U.S. is estimated at US$325 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$690.7 Million by the year 2027 trailing a CAGR of 19.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.6% and 17.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.We bring years of research experience to this 8th edition of our report. The 174-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,