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Market Research Report

Asia Pacific Predictive Maintenance Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Deployment Type, Technique, End-Use Industry, and Country

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Asia Pacific Predictive Maintenance Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Deployment Type, Technique, End-Use Industry, and Country
Published: August 20, 2020 Content info: 162 Pages
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Title:
Asia Pacific Predictive Maintenance Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Software and Service), Deployment Type (Cloud and On-Premises), Technique (Vibration Monitoring, Electrical Testing, Oil Analysis, Ultrasonic Leak Detectors, Shock Pulse, Infrared, and Others), End-Use Industry (Manufacturing, Energy and Utilities, Aerospace & Defense, Transportation and Logistics, and Others), and Country.

The predictive maintenance market in APAC was valued at US$742.07 million in 2019 and is projected to reach US$2,524.93 million by 2027; it is expected to grow at a CAGR of 16.6% from 2020 to 2027.

Manufacturers adopt predictive maintenance based on machine learning. Testing different scenarios and predicting system errors depend on a large amount of historical or test data, along with tailor-made machine-learning algorithms; later alerts are generated accordingly. A machine learning algorithm will learn the behavior of the typical data, when adequately designed and implemented, and will identify deviations in real time. A machine monitoring system requires input on various parameters, such as temperature and engine velocity, to predict the breakdown time. When predictive maintenance is coupled with IIoT, it can identify faults in the equipment beforehand. With the emergence of Industry 4.0 in the manufacturing landscape, companies are keen to adopt IIoT to get better insights into their operations. Predictive maintenance relies on sensors to collect and analyze data from various sources, such as a CMMS and sensors to critical equipment. From power lines and machinery to power plants and maintenance vehicles, everything is equipped with sensors that collect time-stamped operating data. Therefore, growing focus on reducing downtime is supporting the growth of predictive maintenance market in APAC.

Based on component, the predictive maintenance market is segmented into solutions and services. The market for solution is further segmented into integrated and standalone software solutions. The demand for integrated solution segment is high owing to its increasing popularity and awareness for the same among several industry clusters. The growing need for single, multi-functional software makes integrated software more popular than standalone software. Standalone software lacks the scope of customization; however, the low cost this deployment types has led to wide deployment of these solutions in small and medium-sized enterprises.

China imposed strict lockdown and social isolation, which virtually halted the manufacturing of numerous equipment and machinery for several weeks, resulting in shrunken economy of the country. Further, the country also stopped its import as well as the export of critical raw materials and industrial equipment, impacting the supply chain of various end-user industries. Similarly, India also imposed a nationwide lockdown to mitigate the growing number of COVID-19 cases. As a result, the subsequent lockdown across China and India have hindered the predictive maintenance market growth in the region.

The overall APAC predictive maintenance market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the predictive maintenance market. The process also serves the purpose of obtaining an overview and forecast for the APAC predictive maintenance market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC predictive maintenance market. Hitachi, Ltd.; Software AG; IBM Corporation; Microsoft Corporation; PTC Inc.; Syncron AB; TIBCO Software Inc.; Schneider Electric; SAS; and General Electric Company are among a few players operating in the market in APAC.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC predictive maintenance market. Highlights key business priorities in order to assist companies to realign their business strategies The key findings and recommendations highlight crucial progressive industry trends in the APAC predictive maintenance market, thereby allowing players across the value chain to develop effective long-term strategies Develop/modify business expansion plans by using substantial growth offering developed and emerging markets Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the market, as well as those hindering it Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents
Product Code: TIPRE00013318

Table Of Contents

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Europe Predictive Maintenance Market Landscape

  • 4.1 Market Overview
  • 4.2 PEST Analysis
    • 4.2.1 Asia-Pacific
  • 4.3 Ecosystem Analysis

5. APAC Predictive Maintenance Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Growing Awareness on Predictive Maintenance
  • 5.2 Market Restraints
    • 5.2.1 Lack of Skilled Workforce
  • 5.3 Market Opportunities
    • 5.3.1 Growing Focus Towards Improved Asset Management
  • 5.4 Future Trends
    • 5.4.1 Integration with IIoT and Use of Machine Learning
  • 5.5 Impact Analysis of Drivers and Restraints

6. Predictive Maintenance Market - APAC Analysis

  • 6.1 Predictive Maintenance Market APAC Overview
    • 6.1.1 APAC: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)

7. APAC Predictive Maintenance Market Analysis - By Component

  • 7.1 Overview
  • 7.2 Predictive Maintenance Market, by Component (2019 and 2027)
  • 7.3 Solution
    • 7.3.1 Overview
    • 7.3.2 Solution: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 7.4 Service
    • 7.4.1 Overview
    • 7.4.2 Service: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)

8. APAC Predictive Maintenance Market Analysis - By Deployment Type

  • 8.1 Overview
  • 8.2 Predictive Maintenance Market, by Deployment Type (2019 and 2027)
  • 8.3 Cloud
    • 8.3.1 Overview
    • 8.3.2 Cloud: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 8.4 On-premise
    • 8.4.1 Overview
    • 8.4.2 On-premise: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)

9. APAC Predictive Maintenance Market Analysis - By Technique

  • 9.1 Overview
  • 9.2 Predictive Maintenance Market, by Technique (2019 and 2027)
  • 9.3 Vibration Monitoring
    • 9.3.1 Overview
    • 9.3.2 Vibration Monitoring: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.4 Electrical Testing
    • 9.4.1 Overview
    • 9.4.2 Electrical Testing: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.5 Oil Analysis
    • 9.5.1 Overview
    • 9.5.2 Oil Analysis: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.6 Ultrasonic Leak Detectors
    • 9.6.1 Overview
    • 9.6.2 Ultrasonic Leak Detectors: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.7 Shock Pulse
    • 9.7.1 Overview
    • 9.7.2 Shock Pulse: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.8 Infrared
    • 9.8.1 Overview
    • 9.8.2 Infrared: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 9.9 Others
    • 9.9.1 Overview
    • 9.9.2 Others: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)

10. APAC Predictive Maintenance Market Analysis - By Industry

  • 10.1 Overview
  • 10.2 Predictive Maintenance Market, by Industry (2019 and 2027)
  • 10.3 Manufacturing
    • 10.3.1 Overview
    • 10.3.2 Manufacturing: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 10.4 Energy & Utilities
    • 10.4.1 Overview
    • 10.4.2 Energy & Utilities: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 10.5 Aerospace & Defense
    • 10.5.1 Overview
    • 10.5.2 Aerospace & Defense: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 10.6 Transportation & Logistics
    • 10.6.1 Overview
    • 10.6.2 Transportation & Logistics: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • 10.7 Others
    • 10.7.1 Overview
    • 10.7.2 Others: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)

11. APAC Predictive Maintenance Market - Country Analysis

  • 11.1 APAC: Predictive Maintenance Market, by Key Country
      • 11.1.1.1 Australia: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
        • 11.1.1.1.1 Australia: Predictive Maintenance Market, by Component
        • 11.1.1.1.2 Australia: Predictive Maintenance Market, by Deployment Type
        • 11.1.1.1.3 Australia: Predictive Maintenance Market, by Technique
        • 11.1.1.1.4 Australia: Predictive Maintenance Market, by Industry
      • 11.1.1.2 China: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
        • 11.1.1.2.1 China: Predictive Maintenance Market, by Component
        • 11.1.1.2.2 China: Predictive Maintenance Market, by Deployment Type
        • 11.1.1.2.3 China: Predictive Maintenance Market, by Technique
        • 11.1.1.2.4 China: Predictive Maintenance Market, by Industry
      • 11.1.1.3 India: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
        • 11.1.1.3.1 India: Predictive Maintenance Market, by Component
        • 11.1.1.3.2 India: Predictive Maintenance Market, by Deployment Type
        • 11.1.1.3.3 India: Predictive Maintenance Market, by Technique
        • 11.1.1.3.4 India: Predictive Maintenance Market, by Industry
      • 11.1.1.4 Japan: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
        • 11.1.1.4.1 Japan: Predictive Maintenance Market, by Component
        • 11.1.1.4.2 Japan: Predictive Maintenance Market, by Deployment Type
        • 11.1.1.4.3 Japan: Predictive Maintenance Market, by Technique
        • 11.1.1.4.4 Japan: Predictive Maintenance Market, by Industry
      • 11.1.1.5 South Korea: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
        • 11.1.1.5.1 South Korea: Predictive Maintenance Market, by Component
        • 11.1.1.5.2 South Korea: Predictive Maintenance Market, by Deployment Type
        • 11.1.1.5.3 South Korea: Predictive Maintenance Market, by Technique
        • 11.1.1.5.4 South Korea: Predictive Maintenance Market, by Industry
      • 11.1.1.6 Rest of APAC: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
        • 11.1.1.6.1 Rest of APAC: Predictive Maintenance Market, by Component
        • 11.1.1.6.2 Rest of APAC: Predictive Maintenance Market, by Deployment Type
        • 11.1.1.6.3 Rest of APAC: Predictive Maintenance Market, by Technique
        • 11.1.1.6.4 Rest of APAC: Predictive Maintenance Market, by Industry

12. Impact of COVID-19 Pandemic on APAC Predictive Maintenance Market

  • 12.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape

  • 13.1 Market Initiative
  • 13.2 New Development

14. Company Profiles

  • 14.1 Hitachi, Ltd.
    • 14.1.1 Key Facts
    • 14.1.2 Business Description
    • 14.1.3 Products and Services
    • 14.1.4 Financial Overview
    • 14.1.5 SWOT Analysis
    • 14.1.6 Key Developments
  • 14.2 Software AG
    • 14.2.1 Key Facts
    • 14.2.2 Business Description
    • 14.2.3 Products and Services
    • 14.2.4 Financial Overview
    • 14.2.5 SWOT Analysis
    • 14.2.6 Key Developments
  • 14.3 IBM Corporation
    • 14.3.1 Key Facts
    • 14.3.2 Business Description
    • 14.3.3 Products and Services
    • 14.3.4 Financial Overview
    • 14.3.5 SWOT Analysis
    • 14.3.6 Key Developments
  • 14.4 Microsoft Corporation
    • 14.4.1 Key Facts
    • 14.4.2 Business Description
    • 14.4.3 Products and Services
    • 14.4.4 Financial Overview
    • 14.4.5 SWOT Analysis
    • 14.4.6 Key Developments
  • 14.5 PTC Inc.
    • 14.5.1 Key Facts
    • 14.5.2 Business Description
    • 14.5.3 Products and Services
    • 14.5.4 Financial Overview
    • 14.5.5 SWOT Analysis
    • 14.5.6 Key Developments
  • 14.6 Syncron AB
    • 14.6.1 Key Facts
    • 14.6.2 Business Description
    • 14.6.3 Products and Services
    • 14.6.4 Financial Overview
    • 14.6.5 SWOT Analysis
    • 14.6.6 Key Developments
  • 14.7 TIBCO Software Inc.
    • 14.7.1 Key Facts
    • 14.7.2 Business Description
    • 14.7.3 Products and Services
    • 14.7.4 Financial Overview
    • 14.7.5 SWOT Analysis
    • 14.7.6 Key Developments
  • 14.8 Schneider Electric SE
    • 14.8.1 Key Facts
    • 14.8.2 Business Description
    • 14.8.3 Products and Services
    • 14.8.4 Financial Overview
    • 14.8.5 SWOT Analysis
    • 14.8.6 Key Developments
  • 14.9 SAS Institute Inc.
    • 14.9.1 Key Facts
    • 14.9.2 Business Description
    • 14.9.3 Products and Services
    • 14.9.4 Financial Overview
    • 14.9.5 SWOT Analysis
    • 14.9.6 Key Developments
  • 14.10 General Electric Company
    • 14.10.1 Key Facts
    • 14.10.2 Business Description
    • 14.10.3 Products and Services
    • 14.10.4 Financial Overview
    • 14.10.5 SWOT Analysis
    • 14.10.6 Key Developments

15. Appendix

  • 15.1 About The Insight Partners
  • 15.2 Word Index

List Of Tables

  • Table 1. Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Billion)
  • Table 2. APAC: Predictive Maintenance Market, by Component - Revenue and Forecast to 2027 (US$ Million)
  • Table 3. APAC: Predictive Maintenance Market, by Deployment Type - Revenue and Forecast to 2027 (US$ Million)
  • Table 4. APAC: Predictive Maintenance Market, by Technique - Revenue and Forecast to 2027 (US$ Million)
  • Table 5. APAC: Predictive Maintenance Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
  • Table 6. Australia: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 7. Australia: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 8. Australia: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 9. Australia: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 10. China: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 11. China: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 12. China: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 13. China: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 14. India: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 15. India: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 16. India: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 17. India: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 18. Japan: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 19. Japan: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 20. Japan: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 21. Japan: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 22. South Korea: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 23. South Korea: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 24. South Korea: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 25. South Korea: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 26. Rest of APAC: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 27. Rest of APAC: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 28. Rest of APAC: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 29. Rest of APAC: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 30. List of Abbreviation

List Of Figures

  • Figure 1. APAC Predictive Maintenance Market Segmentation
  • Figure 2. Predictive Maintenance Market Segmentation - By Country
  • Figure 3. APAC Predictive Maintenance Market Overview
  • Figure 4. APAC Predictive Maintenance Market - Component Analysis
  • Figure 5. APAC Predictive Maintenance Market - Deployment Type Analysis
  • Figure 6. APAC Predictive Maintenance Market - Technique Analysis
  • Figure 7. APAC Predictive Maintenance Market - Industry Analysis
  • Figure 8. Asia-Pacific - PEST Analysis
  • Figure 9. Ecosystem Analysis
  • Figure 10. APAC Predictive Maintenance Market Impact Analysis of Drivers and Restraints
  • Figure 11. APAC: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 12. Predictive Maintenance Market Revenue Share, by Component (2019 and 2027)
  • Figure 13. Solution: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 14. Service: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 15. Predictive Maintenance Market Revenue Share, by Deployment Type (2019 and 2027)
  • Figure 16. Cloud: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 17. On-premise: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 18. Predictive Maintenance Market Revenue Share, by Technique (2019 and 2027)
  • Figure 19. Vibration Monitoring: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 20. Electrical Testing: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 21. Oil Analysis: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 22. Ultrasonic Leak Detectors: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 23. Shock Pulse: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 24. Infrared: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 25. Others: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 26. Predictive Maintenance Market Revenue Share, by Industry (2019 and 2027)
  • Figure 27. Manufacturing: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 28. Energy & Utilities: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 29. Aerospace & Defense: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 30. Transportation & Logistics: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 31. Others: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 32. APAC: Predictive Maintenance Market Revenue Share, by Key Country (2019 and 2027)
  • Figure 33. Australia: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 34. China: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 35. India: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 36. Japan: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 37. South Korea: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 38. Rest of APAC: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 39. Impact of COVID-19 Pandemic in Asia Pacific Markets
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