South Africa Predictive Maintenance Market Size & Outlook
The predictive maintenance market in South Africa is expected to reach a projected revenue of US$ 1,504.0 million by 2030. A compound annual growth rate of 31% is expected of South Africa predictive maintenance market from 2024 to 2030.
Revenue, 2023 (US$M)
$227.0
Forecast, 2030 (US$M)
$1,504.0
CAGR, 2024 - 2030
31%
Report Coverage
South Africa
South Africa predictive maintenance market, 2018-2030 (US$M)
Related Markets
South Africa predictive maintenance market highlights
- The South Africa predictive maintenance market generated a revenue of USD 227.0 million in 2023 and is expected to reach USD 1,504.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 31% 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 227.0 million |
| Market revenue in 2030 | USD 1,504.0 million |
| Growth rate | 31% (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, South Africa accounted for 2.3% 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 Middle East & Africa, South Africa predictive maintenance market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,504.0 million by 2030.
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Predictive Maintenance Market Scope
Predictive maintenance market segmentation & scope
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Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 80.35% in 2023. Horizon Databook has segmented the South Africa predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- South Africa Predictive Maintenance Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Integrated
- Standalone
- Services
- Deployment / Installation
- Support & Maintenance
- Training & Consulting
- Solution
- South Africa Predictive Maintenance Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-Premise
- South Africa Predictive Maintenance Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Small and Medium Enterprises
- Large Enterprise
- South Africa Predictive Maintenance End Use Outlook (Revenue, USD Million, 2018-2030)
- Aerospace & Defense
- Automotive & Transportation
- Energy and Utilities
- Healthcare
- IT & Telecommunication
- Manufacturing
- Oil & Gas
- Others
- South Africa Predictive Maintenance Monitoring Technique Outlook (Revenue, USD Million, 2018-2030)
- Torque Monitoring
- Vibration Monitoring
- Oil Analysis
- Thermography
- Corrosion Monitoring
- Others
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Target buyers of South Africa 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 country-level data and insights on the South Africa predictive maintenance market , including forecasts for subscribers. This country databook contains high-level insights into South Africa predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa predictive maintenance market size, by component, 2018-2030 (US$M)
South Africa Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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