The predictive maintenance market in the Asia Pacific region is projected to grow with the highest CAGR of 26.63% during the forecasted period between 2019 and 2027. The substantial changes witnessed in the region with regard to the adoption of the internet by various enterprises is the dominant factor estimated to propel the market growth. The region of Asia Pacific with respect to predictive maintenance market is segregated into South Korea, India, Japan, China, Australia, and the Rest of Asia Pacific. The Asia Pacific region has recorded an increased focus on the novel solutions in order to optimize the output for the maintenance of assets, which aids in its market growth. The market growth in China is estimated to be stable during the forecasted period. This is due to the development of various end user industries.
ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET FORECAST 2019-2027
Asia Pacific Predictive Maintenance Market by Component (Solution, Service) by Deployment (on-premise, Cloud) by Technique (Vibration Monitoring, Electrical Testing, Oil Analysis, Ultrasonic Leak Detectors, Shock Pulse, Infrared, Others) by Stakeholder (Mro, Oem/odm) by End User (Manufacturing, Energy & Utilities, Aerospace & Defense, Transportation & Logistics, Government, Healthcare, Others, Technology Integrators) by Geography.
The predictive maintenance market in the Asia Pacific region is projected to grow with the highest CAGR of 26.63% during the forecasted period between 2019 and 2027. The substantial changes witnessed in the region with regard to the adoption of the internet by various enterprises is the dominant factor estimated to propel the market growth.
The region of Asia Pacific with respect to predictive maintenance market is segregated into South Korea, India, Japan, China, Australia, and the Rest of Asia Pacific. The Asia Pacific region has recorded an increased focus on the novel solutions in order to optimize the output for the maintenance of assets, which aids in its market growth. The market growth in China is estimated to be stable during the forecasted period. This is due to the development of various end user industries. The adoption of predictive maintenance among the industries in the region of China is another factor propelling market growth. For instance, the power generation providers in the region are said to be using online condition monitoring to assess quality maintenance. The utilization benefits of predictive maintenance are increasing its demands, thereby contributing to the growth of the predictive maintenance market in the Asia Pacific region.
Hitachi, Ltd. is one of the eminent companies in the market. The company is a manufacturer of electrical and electronic products. The product portfolio of the company ranges from servers to air condition equipment. The company also provides cloud services, and caters to a vast range of sectors. The company operates in Latin America, Asia Pacific, North America, and Europe, and has its headquarters in Chiyoda-Ku, Tokyo, Japan.
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- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- ASIA PACIFIC DOMINATES THE OVERALL MARKET
- GROWING DEMAND FOR CLOUD APPLICATIONS
- RISING INNOVATIONS IN HEALTHCARE SEGMENT
- MARKET DYNAMICS
- MARKET SCOPE & DEFINITION
- MARKET DRIVERS
- GROWING NEED TO REDUCE MACHINERY BREAKDOWN
- RISING INVESTMENTS FOR PREDICTIVE MAINTENANCE
- MARKET RESTRAINTS
- SKILL GAP IS THE KEY RESTRAINT TO MARKET GROWTH
- COMPLICATIONS IN IMPLEMENTATION OF TECHNOLOGY
- MARKET OPPORTUNITIES
- HIGH ADOPTION OF MACHINE LEARNING AND IIOT
- SWELLING DEMAND FOR CONDITION BASED MONITORING
- MARKET CHALLENGES
- DATA PRIVACY CONCERNS
- MARKET BY COMPONENT
- SOLUTION
- SERVICE
- MARKET BY DEPLOYMENT
- ON-PREMISE
- CLOUD
- MARKET BY TECHNIQUE
- VIBRATION MONITORING
- ELECTRICAL TESTING
- OIL ANALYSIS
- ULTRASONIC LEAK DETECTORS
- SHOCK PULSE
- INFRARED
- OTHERS
- MARKET BY STAKEHOLDER
- MRO
- OEM/ODM
- TECHNOLOGY INTEGRATORS
- MARKET BY END USER
- MANUFACTURING
- ENERGY & UTILITIES
- AEROSPACE & DEFENSE
- TRANSPORTATION & LOGISTICS
- GOVERNMENT
- HEALTHCARE
- OTHERS
- KEY ANALYTICS
- PORTER’S FIVE FORCE MODEL
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- THREAT OF COMPETITIVE RIVALRY
- KEY BUYING CRITERIA
- COST
- COMPANY BACKGROUND & EXPERIENCE
- EASE OF USE
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- PORTER’S FIVE FORCE MODEL
- GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- AUSTRALIA
- REST OF ASIA PACIFIC
- ASIA PACIFIC
- COMPANY PROFILES
- ASYSTOM
- ai Inc.
- SOFTWARE AG
- SCHNEIDER ELECTRIC SE
- SAS INSTITUTE INC.
- SAP SE
- PTC INC.
- MICROSOFT CORPORATION
- IBM CORPORATION
- HITACHI LTD.
- GENERAL ELECTRIC
- UPTAKE TECHNOLOGIES
- TIBCO SOFTWARE INC.
- SPARK COGNITION INC.
- FIIX INC.
TABLE LIST
TABLE 1: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 2: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2019-2027, (IN $ MILLION)
TABLE 3: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY DEPLOYMENT, 2019-2027, (IN $ MILLION)
TABLE 4: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY TECHNIQUE, 2019-2027, (IN $ MILLION)
TABLE 5: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY STAKEHOLDER, 2019-2027, (IN $ MILLION)
TABLE 6: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY END USER, 2019-2027, (IN $ MILLION)
TABLE 7: OPPORTUNITY MATRIX
TABLE 8: VENDOR LANDSCAPE
TABLE 9: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
LIST OF FIGURES
FIGURE 1: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY COMPONENT, 2018 & 2027 (IN %)
FIGURE 2: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY SOLUTION, 2019-2027 (IN $ MILLION)
FIGURE 3: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY SERVICE, 2019-2027 (IN $ MILLION)
FIGURE 4: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY ON-PREMISE, 2019-2027 (IN $ MILLION)
FIGURE 5: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY CLOUD, 2019-2027 (IN $ MILLION)
FIGURE 6: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY VIBRATION MONITORING, 2019-2027 (IN $ MILLION)
FIGURE 7: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY ELECTRICAL TESTING, 2019-2027 (IN $ MILLION)
FIGURE 8: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY OIL ANALYSIS, 2019-2027 (IN $ MILLION)
FIGURE 9: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY ULTRASONIC LEAK DETECTORS, 2019-2027 (IN $ MILLION)
FIGURE 10: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY SHOCK PULSE, 2019-2027 (IN $ MILLION)
FIGURE 11: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY INFRARED, 2019-2027 (IN $ MILLION)
FIGURE 12: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 13: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY MRO, 2019-2027 (IN $ MILLION)
FIGURE 14: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY OEM/ODM, 2019-2027 (IN $ MILLION)
FIGURE 15: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY TECHNOLOGY INTEGRATORS, 2019-2027 (IN $ MILLION)
FIGURE 16: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY MANUFACTURING, 2019-2027 (IN $ MILLION)
FIGURE 17: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY ENERGY & UTILITIES, 2019-2027 (IN $ MILLION)
FIGURE 18: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY AEROSPACE & DEFENSE, 2019-2027 (IN $ MILLION)
FIGURE 19: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY TRANSPORTATION & LOGISTICS, 2019-2027 (IN $ MILLION)
FIGURE 20: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY GOVERNMENT, 2019-2027 (IN $ MILLION)
FIGURE 21: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY HEALTHCARE, 2019-2027 (IN $ MILLION)
FIGURE 22: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 23: PORTER’S FIVE FORCE ANALYSIS
FIGURE 24: KEY BUYING IMPACT ANALYSIS
FIGURE 25: ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 26: CHINA PREDICTIVE MAINTENANCE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 27: JAPAN PREDICTIVE MAINTENANCE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 28: INDIA PREDICTIVE MAINTENANCE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 29: SOUTH KOREA PREDICTIVE MAINTENANCE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 30: AUSTRALIA PREDICTIVE MAINTENANCE MARKET, 2019-2027 (IN $ MILLION)
FIGURE 31: REST OF ASIA PACIFIC PREDICTIVE MAINTENANCE MARKET, 2019-2027 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- AUSTRALIA
- REST OF ASIA PACIFIC
- ASIA PACIFIC
- MARKET BY COMPONENT
- SOLUTION
- SERVICE
- MARKET BY DEPLOYMENT
- ON-PREMISE
- CLOUD
- MARKET BY TECHNIQUE
- VIBRATION MONITORING
- ELECTRICAL TESTING
- OIL ANALYSIS
- ULTRASONIC LEAK DETECTORS
- SHOCK PULSE
- INFRARED
- OTHERS
- MARKET BY STAKEHOLDER
- MRO
- OEM/ODM
- TECHNOLOGY INTEGRATORS
- MARKET BY END USER
- MANUFACTURING
- ENERGY & UTILITIES
- AEROSPACE & DEFENSE
- TRANSPORTATION & LOGISTICS
- GOVERNMENT
- HEALTHCARE
- OTHERS
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