The SAM predictive maintenance market is expected to grow from US$ 371.50 million in 2022 to US$ 1,478.29 million by 2028. It is estimated to grow at a CAGR of 25.9% from 2022 to 2028.
Automation through Incorporation of AI and ML
The proliferation of IoT and AI technologies is anticipated to play a significant role in the ease of conducting predictive maintenance in the coming years. Throughout the machine's lifecycle, IoT sensors collect any relevant data and store it on the cloud. AI can make specific recommendations on what actions need be taken to maintain the health of the company assets. On many devices or machines, these recommendations are often warnings of actions that a technician should take. This can be from a simple request to perform a software update or lubricating a few wheels to complex repairs. AI and ML advancements can significantly change the working of these predictive maintenance tasks. In the future, there will be an exponential rise in automation as improvement in processes and efficiency will be the major focus of the companies. Industries across the region are already incorporating advanced machineries, with IoT enabled sensors, to aid them in continuous monitoring of machine health. Additionally, drone-based monitoring of equipment is growing rapidly in the conventional and renewable energy sectors. Drones, fitted with thermal imaging equipment, are assisting industries in remotely monitoring the health of power lines and other equipment. Major service providers of predictive maintenance are increasingly adopting this technology, despite incidents of drone crashes and property loss. With advancements of drone technology and capabilities, it can be touted as the future of remote predictive maintenance. Such trends are expected to boost the demand for predictive maintenance solutions and services across the region in the coming years.Market Overview
SAM Predictive Maintenance Market Segmentation
The SAM predictive maintenance market is segmented based on component, deployment type, technique, industry, and country.- Based on component, the SAM predictive maintenance market is bifurcated into solutions and services. The solutions segment held a larger market share in 2022.
- Based on deployment type, the SAM predictive maintenance market is bifurcated into cloud and on-premise. The cloud segment held a larger market share in 2022.
- Based on technique, the SAM predictive maintenance market is segmented into vibration monitoring, electrical testing, oil analysis, ultrasonic leak detectors, shock pulse, infrared, and others. The vibration monitoring segment held the largest market share in 2022.
- Based on industry, the SAM predictive maintenance market is segmented into manufacturing, energy & utilities, aerospace & defense, transportation & logistics, oil & gas, and others. The manufacturing segment held the largest market share in 2022.
- Based on country, the SAM predictive maintenance market has been categorized into Brazil, Argentina, and the Rest of SAM. Our regional analysis states that Brazil dominated the market share in 2022.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Predictive Maintenance Market - By Component
1.3.2 SAM Predictive Maintenance Market - By Deployment Type
1.3.3 SAM Predictive Maintenance Market - By Technique
1.3.4 SAM Predictive Maintenance Market - By Industry
1.3.5 SAM Predictive Maintenance Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Predictive Maintenance Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Predictive Maintenance Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Prevalence of Industry 4.0
5.1.2 Increasing Focus on Energy Inspections across Industries
5.2 Market Restraints
5.2.1 High Installation Cost
5.3 Market Opportunities
5.3.1 Growing Industrialization Across the Region
5.4 Future Trends
5.4.1 Automation through Incorporation of AI and ML
5.5 Impact Analysis of Drivers and Restraints
6. Predictive Maintenance Market - SAM Analysis
6.1 SAM Predictive Maintenance Market Overview
6.2 SAM Predictive Maintenance Market - Revenue and Forecast to 2028 (US$ Million)
7. SAM Predictive Maintenance Market Analysis - By Component
7.1 Overview
7.2 SAM Predictive Maintenance Market, By Component (2021 and 2028)
7.3 Solutions
7.3.1 Overview
7.3.2 Solutions: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
8. SAM Predictive Maintenance Market Analysis - By Deployment Type
8.1 Overview
8.2 SAM Predictive Maintenance Market, By Deployment Type (2021 and 2028)
8.3 Cloud
8.3.1 Overview
8.3.2 Cloud: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
8.4 On-Premise
8.4.1 Overview
8.4.2 On-Premise: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9. SAM Predictive Maintenance Market Analysis - By Technique
9.1 Overview
9.2 SAM Predictive Maintenance Market, By Technique (2021 and 2028)
9.3 Vibration Monitoring
9.3.1 Overview
9.3.2 Vibration Monitoring: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Electrical Testing
9.4.1 Overview
9.4.2 Electrical Testing: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.5 Oil Analysis
9.5.1 Overview
9.5.2 Oil Analysis: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.6 Ultrasonic Leak Detectors
9.6.1 Overview
9.6.2 Ultrasonic Leak Detectors: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.7 Shock Pulse
9.7.1 Overview
9.7.2 Shock Pulse: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.8 Infrared
9.8.1 Overview
9.8.2 Infrared: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
9.9 Others
9.9.1 Overview
9.9.2 Others: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10. SAM Predictive Maintenance Market Analysis - By Industry
10.1 Overview
10.2 SAM Predictive Maintenance Market Breakdown, By Industry, 2021 & 2028
10.3 Manufacturing
10.3.1 Overview
10.3.2 Manufacturing: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.4 Energy & Utilities
10.4.1 Overview
10.4.2 Energy & Utilities: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.5 Aerospace & Defense
10.5.1 Overview
10.5.2 Aerospace & Defense: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.6 Transportation & Logistics
10.6.1 Overview
10.6.2 Transportation & Logistics: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.7 Oil & Gas
10.7.1 Overview
10.7.2 Oil & Gas: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
11. SAM Predictive Maintenance Market - Country Analysis
11.1 Overview
11.1.1 SAM Predictive Maintenance Market Breakdown, by Country
11.1.1.1 Brazil Predictive Maintenance Market, Revenue and Forecast to 2028
11.1.1.1.1 Brazil Predictive Maintenance Market Breakdown, By Component
11.1.1.1.2 Brazil Predictive Maintenance Market Breakdown, By Deployment Type
11.1.1.1.3 Brazil Predictive Maintenance Market Breakdown, By Technique
11.1.1.1.4 Brazil Predictive Maintenance Market Breakdown, By Industry
11.1.1.2 Argentina Predictive Maintenance Market, Revenue and Forecast to 2028
11.1.1.2.1 Argentina Predictive Maintenance Market Breakdown, By Component
11.1.1.2.2 Argentina Predictive Maintenance Market Breakdown, By Deployment Type
11.1.1.2.3 Argentina Predictive Maintenance Market Breakdown, By Technique
11.1.1.2.4 Argentina Predictive Maintenance Market Breakdown, By Industry
11.1.1.3 Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028
11.1.1.3.1 Rest of SAM Predictive Maintenance Market Breakdown, By Component
11.1.1.3.2 Rest of SAM Predictive Maintenance Market Breakdown, By Deployment Type
11.1.1.3.3 Rest of SAM Predictive Maintenance Market Breakdown, By Technique
11.1.1.3.4 Rest of SAM Predictive Maintenance Market Breakdown, By Industry
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Launch
12.4 Merger and Acquisition
13. Company Profiles
13.1 General Electric Company
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Hitachi, Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 IBM Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Microsoft Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PTC Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 SAS Institute, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Schneider Electric SE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Software AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Syncron AB
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 TOSL Engineering Limited
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
List of Tables
Table 1. SAM Predictive Maintenance Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM Predictive Maintenance Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 3. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 4. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 - By Deployment Type (US$ Million)
Table 5. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 - By Technique (US$ Million)
Table 6. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 - By Industry (US$ Million)
Table 7. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 8. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 - By Deployment Type (US$ Million)
Table 9. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 - By Technique (US$ Million)
Table 10. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 - By Industry (US$ Million)
Table 11. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 - By Component (US$ Million)
Table 12. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 - By Deployment Type (US$ Million)
Table 13. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 - By Technique (US$ Million)
Table 14. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 - By Industry (US$ Million)
Table 15. List of Abbreviation
List of Figures
Figure 1. SAM Predictive Maintenance Market Segmentation
Figure 2. SAM Predictive Maintenance Market Segmentation - By Country
Figure 3. SAM Predictive Maintenance Market Overview
Figure 4. SAM Predictive Maintenance Market, By Component
Figure 5. SAM Predictive Maintenance Market, By Country
Figure 6. SAM: PEST Analysis
Figure 7. Expert Opinion
Figure 8. SAM Predictive Maintenance Market Impact Analysis of Drivers and Restraints
Figure 9. SAM Predictive Maintenance Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. SAM Predictive Maintenance Market Revenue Share, By Component (2021 and 2028)
Figure 11. SAM Solutions: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM Services: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Predictive Maintenance Market Revenue Share, By Deployment Type (2021 and 2028)
Figure 14. SAM Cloud: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM On-Premise: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Predictive Maintenance Market Revenue Share, By Technique (2021 and 2028)
Figure 17. SAM Vibration Monitoring: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Electrical Testing: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM Oil Analysis: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Ultrasonic Leak Detectors: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM Shock Pulse: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. SAM Infrared: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. SAM Others: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. SAM Predictive Maintenance Market Breakdown, By Industry (2021 and 2028)
Figure 25. SAM Manufacturing: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 26. SAM Energy & Utilities: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 27. SAM Aerospace & Defense: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 28. SAM Transportation & Logistics: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 29. SAM Oil & Gas: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 30. SAM Others: Predictive Maintenance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 31. SAM Predictive Maintenance Market, by Key Country - Revenue (2021) (US$ ‘Million)
Figure 32. SAM Predictive Maintenance Market Breakdown, by Country, 2021 & 2028 (%)
Figure 33. Brazil Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 34. Argentina Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of SAM Predictive Maintenance Market, Revenue and Forecast to 2028 (US$ Million)
Companies Mentioned
- General Electric Company
- Hitachi, Ltd.
- IBM Corporation
- Microsoft Corporation
- PTC Inc.
- SAS Institute, Inc.
- Schneider Electric SE
- Software AG
- Syncron AB
- TOSL Engineering Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 156 |
| Published | December 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 371.5 Million |
| Forecasted Market Value ( USD | $ 1478.29 Million |
| Compound Annual Growth Rate | 25.9% |
| No. of Companies Mentioned | 10 |
