Germany Predictive Maintenance Market Size & Outlook
Germany predictive maintenance market, 2018-2030 (US$M)
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Germany predictive maintenance market highlights
- The Germany predictive maintenance market generated a revenue of USD 478.5 million in 2023 and is expected to reach USD 2,770.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 28.5% 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 478.5 million |
| Market revenue in 2030 | USD 2,770.1 million |
| Growth rate | 28.5% (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, Germany accounted for 4.9% 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 Europe, UK predictive maintenance market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 1,599.6 million by 2030.
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Predictive Maintenance Market Scope
Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 79.6% in 2023. Horizon Databook has segmented the Germany predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The German predictive maintenance market is expected to witness significant growth over the forecast period. Owing to the economic uncertainty caused by the COVID-19 pandemic, various business software and service vendors.
In Germany are focusing on customer service-driven strategies and assisting customers in their digital journey. In addition, customers are majorly dependent on advanced technologies that help them manage business continuity amidst challenges associated with disrupted supply chains.
Resources working from home, and evolving customer expectations and preferences. Various brands switched from offline to online marketing during the COVID-19 pandemic. According to a Reichelt Elektronik survey conducted in March 2021.
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Our clientele includes a mix of predictive maintenance market companies, investment firms, advisory firms & academic institutions.
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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 Germany predictive maintenance market , including forecasts for subscribers. This country databook contains high-level insights into Germany predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany predictive maintenance market size, by component, 2018-2030 (US$M)
Germany Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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