UK Predictive Maintenance Market Size & Outlook, 2023-2030
UK predictive maintenance market, 2018-2030 (US$M)
Related Markets
UK predictive maintenance market highlights
- The UK predictive maintenance market generated a revenue of USD 614.9 million in 2023 and is expected to reach USD 3,498.4 million by 2030.
- The UK market is expected to grow at a CAGR of 28.2% 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 614.9 million |
| Market revenue in 2030 | USD 3,498.4 million |
| Growth rate | 28.2% (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, UK accounted for 6.2% 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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UK 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 80.52% in 2023. Horizon Databook has segmented the UK predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the market in the U.K. can be attributed to the increasing adoption of advanced analytics tools for predicting and forecasting trade markets, traffic trend predictions, and electricity consumption predictions.
The use of advanced analytics in demand forecasting can help organizations make informed decisions and augment their profitability.
Government agencies as well as industries such as banking, manufacturing, and professional services have been investing significantly in big data analytics in recent years.
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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 UK predictive maintenance market , including forecasts for subscribers. This country databook contains high-level insights into UK predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK predictive maintenance market size, by component, 2018-2030 (US$M)
UK Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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