Brazil Predictive Maintenance Market Size & Outlook
Brazil predictive maintenance market, 2018-2030 (US$M)
Related Markets
Brazil predictive maintenance market highlights
- The Brazil predictive maintenance market generated a revenue of USD 348.6 million in 2023 and is expected to reach USD 2,322.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 31.1% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Predictive maintenance market data book summary
| Market revenue in 2023 | USD 348.6 million |
| Market revenue in 2030 | USD 2,322.6 million |
| Growth rate | 31.1% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | Accenture PLC Class A, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, Hitachi Ltd, International Business Machines Corp, Microsoft Corp, PTC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, SAP SE ADR, SAS AB, Schneider Electric SE, Siemens Healthineers AG ADR, Siemens AG, Software AG Registered Shares |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.5% of the global predictive maintenance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil predictive maintenance market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,875.4 million by 2030.
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Predictive Maintenance Market Scope
Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil predictive maintenance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to predictive maintenance market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 84.88% in 2023. Horizon Databook has segmented the Brazil predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Brazilian predictive maintenance market is expected to witness significant growth over the forecast period. The growth of the Brazilian predictive maintenance market can be attributed to the growing need to maintain production equipment such as machinery elevators, industrial robots, and pumps and increasing automation in several industries to reduce overall downtimes.
In September 2020, ONYX InSight, a predictive analytics and engineering company in the wind energy industry, announced its collaboration with Rio Energy, an energy-producing company in Brazil, to introduce advanced sensing technology and predictive maintenance solutions to the Brazilian market.
The predictive maintenance service, which would carry in collaboration with Filtralub, an innovative local operations partner, will be the first of its kind in the country, allowing Rio Energy to save up to 30% on Operation & Maintenance (O&M).
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Our clientele includes a mix of predictive maintenance market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil predictive maintenance market , including forecasts for subscribers. This country databook contains high-level insights into Brazil predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil predictive maintenance market size, by component, 2018-2030 (US$M)
Brazil Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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