Predictive Maintenance (PdM) Market Global Analysis and Forecast By 2030
Predictive Maintenance (PdM) Market Overview: The predictive maintenance (PdM) market has experienced significant growth and is projected to continue expanding in the coming years. This growth is driven by various factors such as the increasing demand for maintenance cost reduction, the growing use of real-time streaming analytics technology, and the adoption of AI-powered solutions to transition from a reactive to a proactive maintenance strategy. Market Size and Growth Projections: The Predictive Maintenance (PdM) market is projected to grow from USD21.83 Billion in 2022 to USD 111.30 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 26.20% during the forecast period (2022 - 2030). The market is expected to witness substantial growth due to the increasing investments in predictive maintenance solutions to reduce costs and downtime, with a projected return on investment (ROI) such as increased availability, inventory cost reduction, and a decrease in reactive mainte...