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Market Research Report

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

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Europe Predictive Maintenance Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Deployment Type, Technique, End-User Industry, and Country
Published: August 20, 2020 Content info: 163 Pages
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Title:
Europe 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-User Industry (Manufacturing, Energy and Utilities, Aerospace & Defense, Transportation and Logistics, and Others), and Country.

The predictive maintenance market in Europe was valued at US$1,065.40 million in 2019 and is projected to reach US$3,337.67 million by 2027; it is expected to grow at a CAGR of 15.5% from 2020 to 2027.

Unplanned outages can disrupt the production process and cause unsatisfactory results. Such incidences can cause huge financial loss in the manufacturing as well as logistics, and passenger and freight transport industries. For example, in Germany, roughly a quarter of all trains arrive behind schedule. This is a major concern among passengers and freight customers. Studies show that defects in metro, train, etc., leading to unexpected failures, cause more than the one-third of initial delays in rolling stock and infrastructure components. Therefore, growing focus on reducing downtime is supporting the growth of predictive maintenance market in Europe.

Based on deployment, the predictive maintenance market is segmented into cloud and on-premises. The on-premises segment held a larger share of the predictive maintenance market in 2019. The growth is attributed to data privacy concerns associated with cloud infrastructure. The on-premise deployment and operations of predictive maintenance solutions has been a traditional method chosen by many organizations worldwide. As most companies have servers and data centers to effectively run their internal and external software solutions, the preference for this mode is high.

Different countries in Europe reported different impact of COVID-19, and several countries witnessed a surge in the number of confirmed cases and subsequently attracted stringent as well as longer lockdown period or social isolation. The demand for predictive maintenance software and services decreased in countries such as Italy and Spain owing to the business shutdowns in these countries due to the high number of cases. However, western European countries such as Germany, France, and the UK could fight the pandemic more effectively due to their robust healthcare infrastructure, and the industrial sector in these countries witnessed a comparatively moderate decline in demand for predictive maintenance related software and services.

The overall Europe 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 Europe 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 respondents participating in this 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 Europe 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 Europe.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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: TIPRE00013319

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 Europe
  • 4.3 Ecosystem Analysis

5. Europe Predictive Maintenance Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Increasing Investment for Predictive Maintenance
  • 5.2 Market Restraints
    • 5.2.1 Data Privacy Concerns
  • 5.3 Market Opportunities
    • 5.3.1 Increasing Demand for Improved Asset Management Across Various Industries
  • 5.4 Future Trends
    • 5.4.1 Integration of Predictive Maintenance with IIoT and Use of Machine Learning
  • 5.5 Impact Analysis of Drivers and Restraints

6. Predictive Maintenance Market - Europe Analysis

  • 6.1 Europe: Predictive Maintenance Market
    • 6.1.1 Europe: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
    • 6.1.2 Europe: Predictive Maintenance Market, by Component

7. Europe 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. Europe 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. Europe 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. Europe 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. Europe Predictive Maintenance Market - Country Analysis

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

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

  • 12.1 Europe: 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 WOT 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$ Million)
  • Table 2. Europe: Predictive Maintenance Market, by Component - Revenue and Forecast to 2027 (US$ Million)
  • Table 3. Europe: Predictive Maintenance Market, by Deployment Type - Revenue and Forecast to 2027 (US$ Million)
  • Table 4. Europe: Predictive Maintenance Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
  • Table 5. Germany: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 6. Germany: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 7. Germany: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 8. Germany: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 9. France: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 10. France: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 11. France: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 12. France: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 13. Italy: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 14. Italy: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 15. Italy: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 16. Italy: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 17. UK: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 18. UK: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 19. UK: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 20. UK: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 21. Russia: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 22. Russia: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 23. Russia: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 24. Russia: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 25. Rest of Europe: Predictive Maintenance Market, by Component -Revenue and Forecast to 2027 (US$ Million)
  • Table 26. Rest of Europe: Predictive Maintenance Market, by Deployment Type -Revenue and Forecast to 2027 (US$ Million)
  • Table 27. Rest of Europe: Predictive Maintenance Market, by Technique -Revenue and Forecast to 2027 (US$ Million)
  • Table 28. Rest of Europe: Predictive Maintenance Market, by Industry -Revenue and Forecast to 2027 (US$ Million)
  • Table 29. List of Abbreviation

List Of Figures

  • Figure 1. Europe Predictive Maintenance Market Segmentation
  • Figure 2. Europe Predictive Maintenance Market Segmentation - By Country
  • Figure 3. Europe Predictive Maintenance Market Overview
  • Figure 4. Europe Predictive Maintenance Market - Component Analysis
  • Figure 5. Europe Predictive Maintenance Market - Deployment Type Analysis
  • Figure 6. Europe Predictive Maintenance Market - Technique Analysis
  • Figure 7. Europe Predictive Maintenance Market - Industry Analysis
  • Figure 8. Europe - PEST Analysis
  • Figure 9. Ecosystem Analysis
  • Figure 10. Europe Predictive Maintenance Market Impact Analysis of Drivers and Restraints
  • Figure 11. Europe: 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. Europe: Predictive Maintenance Market Revenue Share, by Key Country (2019 and 2027)
  • Figure 33. Germany: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 34. France: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 35. Italy: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 36. UK: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 37. Russia: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 38. Rest of Europe: Predictive Maintenance Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 39. Impact of COVID-19 Pandemic in European Markets
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