U.S. Predictive Maintenance Market Size & Outlook
U.S. predictive maintenance market, 2018-2030 (US$M)
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U.S. predictive maintenance market highlights
- The U.S. predictive maintenance market generated a revenue of USD 3,004.0 million in 2023 and is expected to reach USD 16,079.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 27.1% 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 3,004.0 million |
| Market revenue in 2030 | USD 16,079.7 million |
| Growth rate | 27.1% (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, U.S. accounted for 30.5% 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 North America, U.S. predictive maintenance market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,625.6 million by 2030.
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Predictive Maintenance Market Scope
Predictive Maintenance Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 78.57% in 2023. Horizon Databook has segmented the U.S. predictive maintenance market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. predictive maintenance market is expected to witness significant growth over the forecast period. In the U.S., the demand for predictive maintenance solutions is growing rapidly across several industries, such as energy & utility, transportation, healthcare, and manufacturing.
For instance, prior to the advent of predictive maintenance, manufacturers relied on reactive maintenance, in which they repaired specific equipment only when it became faulty.
With this approach, manufacturing industries were not only incurring significant maintenance expenses, but they faced long lengths of unscheduled downtime.
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Target buyers of U.S. 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 U.S. predictive maintenance market , including forecasts for subscribers. This country databook contains high-level insights into U.S. predictive maintenance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. predictive maintenance market size, by component, 2018-2030 (US$M)
U.S. Predictive Maintenance Market Outlook Share, 2023 & 2030 (US$M)
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