Canada Predictive Maintenance Market Size & Outlook
Canada predictive maintenance market, 2018-2030 (US$M)
Related Markets
Canada predictive maintenance market highlights
- The Canada predictive maintenance market generated a revenue of USD 377.3 million in 2023 and is expected to reach USD 2,625.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 31.9% 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 377.3 million |
| Market revenue in 2030 | USD 2,625.6 million |
| Growth rate | 31.9% (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, Canada accounted for 3.8% 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 North America, U.S. predictive maintenance market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,625.6 million by 2030.
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Predictive Maintenance Market Scope
Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 81.29% in 2023. Horizon Databook has segmented the Canada predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian predictive maintenance market is expected to witness significant growth over the forecast period. As most of the key players in the country are establishing predictive maintenance projects in their organizations, the demand for a highly skilled workforce is mounting.
Organizations in the region need to acquire expertise in areas such as networking, applications, and cyber security. Furthermore, developments in the field of big data have helped improve the assessment capabilities of data science experts.
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Our clientele includes a mix of predictive maintenance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada predictive maintenance market , including forecasts for subscribers. This country databook contains high-level insights into Canada predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada predictive maintenance market size, by component, 2018-2030 (US$M)
Canada Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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