Japan Predictive Maintenance Market Size & Outlook
Japan predictive maintenance market, 2018-2030 (US$M)
Related Markets
Japan predictive maintenance market highlights
- The Japan predictive maintenance market generated a revenue of USD 577.0 million in 2023 and is expected to reach USD 3,849.2 million by 2030.
- The Japan 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 577.0 million |
| Market revenue in 2030 | USD 3,849.2 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, Japan accounted for 5.9% 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 Asia Pacific, Japan predictive maintenance market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,398.5 million by 2030.
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Predictive Maintenance Market Scope
Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 78.35% in 2023. Horizon Databook has segmented the Japan predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Japan predictive maintenance market is expected to witness significant growth over the forecast period. The rising adoption of big data analytics, increasing cloud technology expenditures, and large amounts of data generated by virtual offices are driving the growth of the Japanese predictive maintenance market.
Enterprises can improve crucial business processes, goals, and activities by utilizing big data analytics. In November 2020, the Japanese Government announced its collaboration with IOTA Foundation, a German nonprofit organization.
To develop a predictive maintenance system for industrial plants that employ AI and other advanced technologies to store data in a secure and user-centric way. The project strengthened the durability of critical infrastructure, which will streamline the facility management systems deployed in industrial plants across Japan by digitizing maintenance data.
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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 Japan predictive maintenance market , including forecasts for subscribers. This country databook contains high-level insights into Japan predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan predictive maintenance market size, by component, 2018-2030 (US$M)
Japan Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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