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Industrial Predictive Maintenance Market in APAC 2017-2021

Industrial Predictive Maintenance Market in APAC 2017-2021

About Industrial Predictive Maintenance

Industrial predictive maintenance is a technique that helps in determining the condition of in-service equipment in order to predict when maintenance should be performed. It also helps in minimizing disruption of normal system operations by offering instant maintenance using budgeted and scheduled repairs. The market is segmented on deployment type, namely cloud and on-premises based industrial predictive maintenance.

Technavio’s analysts forecast the industrial predictive maintenance market in APAC to grow at a CAGR of 34.23% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the industrial predictive maintenance market in APAC for 2017-2021. To calculate the market size, the report considers solutions and services market.

The market is divided into the following segments based on geography:

  • East Asia
  • Oceania
  • Southeast Asia
Technavio's report, Industrial Predictive Maintenance Market in APAC 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ADEN
  • Bosch Software Innovations
  • Huawei Technologies
  • IBM
  • SAP SE
Other prominent vendors
  • AsiaAnalytics
  • Carrier Corporation
  • Civis Analytics
  • ETS Solutions Asia
  • Hitachi
  • Microsoft
  • Oracle
  • Predictive Service
  • PTC
  • RapidMiner
  • SAS Institute
  • SHINKAWA Electric
  • SKF
  • Yokogawa Electric
Market driver
  • Developments in customized industrial predictive maintenance
  • For a full, detailed list, view our report
Market challenge
  • Low investments in latest machinery and measuring equipment
  • For a full, detailed list, view our report
Market trend
  • Changes from reactive to predictive maintenance
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Industrial Predictive Maintenance Market in APAC 2017-2021

Technavio recognizes the following companies as the key players in the industrial predictive maintenance market in APAC: ADEN, Bosch Software Innovations, Huawei Technologies, IBM, and SAP SE.

Other Prominent Vendors in the market are: AsiaAnalytics, Carrier Corporation, Civis Analytics, ETS Solutions Asia, Hitachi, Microsoft, Oracle, Predictive Service, PTC, RapidMiner, SAS Institute, SHINKAWA Electric, SKF, and Yokogawa Electric.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is changes from reactive to predictive maintenance. The growth of IoT in the current era has resulted in some significant changes to discrete and process industries globally. Reduction in maintenance costs, increasing asset availability, changes to usage-based business models, and generation of new service revenues will have an impact on the industrial predictive maintenance market.”

According to the report, one driver in the market is developments in customized industrial predictive maintenance. There is an increase in demand for customized industrial predictive maintenance solutions in end-user industries such as oil and gas, power generation, aerospace, and transportation and logistics. These industries that require customized industrial predictive maintenance with remote monitoring operations and big data play a significant role in analyzing processes assets, and heavy equipment. Therefore, vendors such as SAP SE, IBM, and Microsoft are providing custom-made industrial predictive maintenance solutions and services based on a requirement that will suit end-user needs, which will protect their critical equipment to gain a competitive edge in productivity.

Further, the report states that one challenge in the market is low investments in latest machinery and measuring equipment. The market for industrial predictive maintenance requires software solutions and services to exhibit better performance and have a better impact on industrial asset production. The development of industrial predictive maintenance increases investments on measuring equipment. In addition, there is difficulty in retrofitting with sensors and monitoring equipment. End-user industries such as oil and gas, chemical and petrochemical, and power generation are dealing with older machines, which will in turn hamper the adoption of predictive maintenance solutions and services.

Companies Mentioned

ADEN, Bosch Software Innovations, Huawei Technologies, IBM, and SAP SE.

Other Prominent Vendors in the market are: AsiaAnalytics, Carrier Corporation, Civis Analytics, ETS Solutions Asia, Hitachi, Microsoft, Oracle, Predictive Service, PTC, RapidMiner, SAS Institute, SHINKAWA Electric, SKF, and Yokogawa Electric.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global predictive maintenance market in 2016 and 2021 ($ millions)
      • Table Types of industrial maintenance
      • Table Objectives of industrial predictive maintenance
      • Table Workflow of industrial predictive maintenance
  • Market landscape
    • Market overview
      • Table Business values of industrial predictive maintenance
      • Table Market landscape
    • Market size and forecast
      • Table Industrial predictive maintenance market in APAC 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by deployment
    • Market overview
      • Table Segmentation of the industrial predictive maintenance market in APAC based on deployment type in 2016 and 2021 (% share)
    • Cloud-based industrial predictive maintenance market in APAC
      • Table Cloud-based industrial predictive maintenance market in APAC 2016-2021 ($ millions)
    • On-premises based industrial predictive maintenance market in APAC
      • Table On-premises based industrial predictive maintenance market in APAC 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Segmentation of the industrial predictive maintenance market in APAC based on end-users 2016 and 2021 (% share)
    • Industrial predictive maintenance market for APAC in the oil and gas industry
      • Table Industrial predictive maintenance market for APAC in the oil and gas industry 2016-2021 ($ millions)
    • Industrial predictive maintenance market for APAC in the aerospace and defense industry
      • Table Industrial predictive maintenance market for APAC in the aerospace and defense industry 2016-2021 ($ millions)
    • Industrial predictive maintenance market for APAC in the chemical and petrochemical industry
      • Table Industrial predictive maintenance market for APAC in the chemical and petrochemical industry 2016-2021 ($ millions)
    • Industrial predictive maintenance market for APAC in the power generation industry
      • Table Industrial predictive maintenance market for APAC in the power generation industry 2016-2021 ($ millions)
    • Industrial predictive maintenance market for APAC in the transportation and logistics industry
      • Table Industrial predictive maintenance market for APAC in the transportation and logistics industry 2016-2021 ($ millions)
    • Industrial predictive maintenance market for APAC in others industry
      • Table Industrial predictive maintenance market for APAC in others industry 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Segmentation of the industrial predictive maintenance market in APAC based on geography 2016 and 2021 (% share)
      • Table Countries under the segmentation of APAC
    • Industrial predictive maintenance market in East Asia
      • Table Industrial predictive maintenance market in East Asia 2016-2021 ($ millions)
    • Industrial predictive maintenance market in Southeast Asia
      • Table Industrial predictive maintenance market in Southeast Asia 2016-2021 ($ millions)
    • Industrial predictive maintenance market in Oceania
      • Table Industrial predictive maintenance market in Oceania 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Changes from reactive to predictive maintenance
      • Table Advantages of predictive maintenance
    • Higher growth potential of cloud-based industrial predictive maintenance in Southeast Asian countries
    • Need for real-time monitoring and growth of IoT
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ADEN
      • Table ADEN: Business segments
      • Table ADEN: Service portfolio (maintenance and technical solutions)
      • Table ADEN: Key highlights
    • Bosch Software Innovations
      • Table Bosch Software Innovations: Solution segments
      • Table Bosch Software Innovations: Services portfolio
      • Table Bosch Software Innovations: Key highlights
    • Huawei Technologies
      • Table Huawei Technologies: Business segments
      • Table Huawei Technologies: Solution portfolio
      • Table Huawei Technologies: Key highlights
    • IBM
      • Table IBM: Product segments
      • Table IBM: product portfolio
      • Table IBM: Key highlights
    • SAP SE
      • Table SAP SE: Product segments
      • Table SAP SE: Product portfolio
      • Table SAP SE: Key highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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