Europe Predictive Maintenance Market Size & Outlook
Europe predictive maintenance market, 2018-2030 (US$M)
Related Markets
Europe predictive maintenance market highlights
- The Europe predictive maintenance market generated a revenue of USD 2,236.9 million in 2023.
- The market is expected to grow at a CAGR of 28.6% 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.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,236.9 million |
| Market revenue in 2030 | USD 13,005.3 million |
| Growth rate | 28.6% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 22.7% of the global predictive maintenance market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,184.1 million by 2030.
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Predictive Maintenance Market Scope
Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 79.51% in 2023. Horizon Databook has segmented the Europe predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Registering a CAGR of 28.6% from 2023 to 2030. The European predictive maintenance market is expected to witness significant growth over the forecast period. Advanced technologies such as cloud, IoT.
Big data analytics, social media, and mobility have sparked innovation and transformation in European business activities and operations, resulting in increased revenue. Businesses are increasingly utilizing big data and business intelligence to get actionable insights.
Better understand client needs, collect real-time information, and boost overall efficiency. European businesses are increasingly adopting advanced asset management solutions and technologies such as the Internet of Things.
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Target buyers of Europe predictive maintenance market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe predictive maintenance market , including forecasts for subscribers. This continent databook contains high-level insights into Europe predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe predictive maintenance market size, by country, 2018-2030 (US$M)
Europe Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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