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Global Industrial Equipment Health Monitoring and Prognostics Market Research Report 2024
Synopsis
Industrial Equipment Health Monitoring and Prognostics is a process of using advanced sensors, data analytics, and machine learning algorithms to detect, diagnose, and predict equipment failures in industrial settings. This allows proactive maintenance and repair of equipment before it breaks down, reducing downtime and improving productivity.
The global Industrial Equipment Health Monitoring and Prognostics market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Industrial Equipment Health Monitoring and Prognostics is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Industrial Equipment Health Monitoring and Prognostics is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Industrial Equipment Health Monitoring and Prognostics in Manufacturing is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Industrial Equipment Health Monitoring and Prognostics include General Electric (GE), Siemens, Honeywell, Rockwell Automation, SKF, PTC, IBM Corporation, ABB and Schneider Electric, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Industrial Equipment Health Monitoring and Prognostics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Equipment Health Monitoring and Prognostics.
Report Scope
The Industrial Equipment Health Monitoring and Prognostics market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Industrial Equipment Health Monitoring and Prognostics market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Industrial Equipment Health Monitoring and Prognostics companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
General Electric (GE)
Siemens
Honeywell
Rockwell Automation
SKF
PTC
IBM Corporation
ABB
Schneider Electric
Emerson
Mitsubishi Electric
RONDS
Segment by Type
Hardware
Software & Service
Segment by Application
Manufacturing
Energy
Transportation
Mining and Construction
Oil and Gas
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Industrial Equipment Health Monitoring and Prognostics companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Industrial Equipment Health Monitoring and Prognostics is a process of using advanced sensors, data analytics, and machine learning algorithms to detect, diagnose, and predict equipment failures in industrial settings. This allows proactive maintenance and repair of equipment before it breaks down, reducing downtime and improving productivity.
The global Industrial Equipment Health Monitoring and Prognostics market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Industrial Equipment Health Monitoring and Prognostics is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Industrial Equipment Health Monitoring and Prognostics is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Industrial Equipment Health Monitoring and Prognostics in Manufacturing is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Industrial Equipment Health Monitoring and Prognostics include General Electric (GE), Siemens, Honeywell, Rockwell Automation, SKF, PTC, IBM Corporation, ABB and Schneider Electric, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Industrial Equipment Health Monitoring and Prognostics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Equipment Health Monitoring and Prognostics.
Report Scope
The Industrial Equipment Health Monitoring and Prognostics market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Industrial Equipment Health Monitoring and Prognostics market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Industrial Equipment Health Monitoring and Prognostics companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
General Electric (GE)
Siemens
Honeywell
Rockwell Automation
SKF
PTC
IBM Corporation
ABB
Schneider Electric
Emerson
Mitsubishi Electric
RONDS
Segment by Type
Hardware
Software & Service
Segment by Application
Manufacturing
Energy
Transportation
Mining and Construction
Oil and Gas
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Industrial Equipment Health Monitoring and Prognostics companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Industrial Equipment Health Monitoring and Prognostics Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Hardware
1.2.3 Software & Service
1.3 Market by Application
1.3.1 Global Industrial Equipment Health Monitoring and Prognostics Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Manufacturing
1.3.3 Energy
1.3.4 Transportation
1.3.5 Mining and Construction
1.3.6 Oil and Gas
1.3.7 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Industrial Equipment Health Monitoring and Prognostics Market Perspective (2019-2030)
2.2 Industrial Equipment Health Monitoring and Prognostics Growth Trends by Region
2.2.1 Global Industrial Equipment Health Monitoring and Prognostics Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Industrial Equipment Health Monitoring and Prognostics Historic Market Size by Region (2019-2024)
2.2.3 Industrial Equipment Health Monitoring and Prognostics Forecasted Market Size by Region (2025-2030)
2.3 Industrial Equipment Health Monitoring and Prognostics Market Dynamics
2.3.1 Industrial Equipment Health Monitoring and Prognostics Industry Trends
2.3.2 Industrial Equipment Health Monitoring and Prognostics Market Drivers
2.3.3 Industrial Equipment Health Monitoring and Prognostics Market Challenges
2.3.4 Industrial Equipment Health Monitoring and Prognostics Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Industrial Equipment Health Monitoring and Prognostics Players by Revenue
3.1.1 Global Top Industrial Equipment Health Monitoring and Prognostics Players by Revenue (2019-2024)
3.1.2 Global Industrial Equipment Health Monitoring and Prognostics Revenue Market Share by Players (2019-2024)
3.2 Global Industrial Equipment Health Monitoring and Prognostics Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Industrial Equipment Health Monitoring and Prognostics Revenue
3.4 Global Industrial Equipment Health Monitoring and Prognostics Market Concentration Ratio
3.4.1 Global Industrial Equipment Health Monitoring and Prognostics Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Industrial Equipment Health Monitoring and Prognostics Revenue in 2023
3.5 Industrial Equipment Health Monitoring and Prognostics Key Players Head office and Area Served
3.6 Key Players Industrial Equipment Health Monitoring and Prognostics Product Solution and Service
3.7 Date of Enter into Industrial Equipment Health Monitoring and Prognostics Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Industrial Equipment Health Monitoring and Prognostics Breakdown Data by Type
4.1 Global Industrial Equipment Health Monitoring and Prognostics Historic Market Size by Type (2019-2024)
4.2 Global Industrial Equipment Health Monitoring and Prognostics Forecasted Market Size by Type (2025-2030)
5 Industrial Equipment Health Monitoring and Prognostics Breakdown Data by Application
5.1 Global Industrial Equipment Health Monitoring and Prognostics Historic Market Size by Application (2019-2024)
5.2 Global Industrial Equipment Health Monitoring and Prognostics Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Industrial Equipment Health Monitoring and Prognostics Market Size (2019-2030)
6.2 North America Industrial Equipment Health Monitoring and Prognostics Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Industrial Equipment Health Monitoring and Prognostics Market Size by Country (2019-2024)
6.4 North America Industrial Equipment Health Monitoring and Prognostics Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Industrial Equipment Health Monitoring and Prognostics Market Size (2019-2030)
7.2 Europe Industrial Equipment Health Monitoring and Prognostics Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Industrial Equipment Health Monitoring and Prognostics Market Size by Country (2019-2024)
7.4 Europe Industrial Equipment Health Monitoring and Prognostics Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Industrial Equipment Health Monitoring and Prognostics Market Size (2019-2030)
8.2 Asia-Pacific Industrial Equipment Health Monitoring and Prognostics Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Industrial Equipment Health Monitoring and Prognostics Market Size by Region (2019-2024)
8.4 Asia-Pacific Industrial Equipment Health Monitoring and Prognostics Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Industrial Equipment Health Monitoring and Prognostics Market Size (2019-2030)
9.2 Latin America Industrial Equipment Health Monitoring and Prognostics Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Industrial Equipment Health Monitoring and Prognostics Market Size by Country (2019-2024)
9.4 Latin America Industrial Equipment Health Monitoring and Prognostics Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Industrial Equipment Health Monitoring and Prognostics Market Size (2019-2030)
10.2 Middle East & Africa Industrial Equipment Health Monitoring and Prognostics Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Industrial Equipment Health Monitoring and Prognostics Market Size by Country (2019-2024)
10.4 Middle East & Africa Industrial Equipment Health Monitoring and Prognostics Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 General Electric (GE)
11.1.1 General Electric (GE) Company Detail
11.1.2 General Electric (GE) Business Overview
11.1.3 General Electric (GE) Industrial Equipment Health Monitoring and Prognostics Introduction
11.1.4 General Electric (GE) Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.1.5 General Electric (GE) Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens Industrial Equipment Health Monitoring and Prognostics Introduction
11.2.4 Siemens Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.2.5 Siemens Recent Development
11.3 Honeywell
11.3.1 Honeywell Company Detail
11.3.2 Honeywell Business Overview
11.3.3 Honeywell Industrial Equipment Health Monitoring and Prognostics Introduction
11.3.4 Honeywell Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.3.5 Honeywell Recent Development
11.4 Rockwell Automation
11.4.1 Rockwell Automation Company Detail
11.4.2 Rockwell Automation Business Overview
11.4.3 Rockwell Automation Industrial Equipment Health Monitoring and Prognostics Introduction
11.4.4 Rockwell Automation Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.4.5 Rockwell Automation Recent Development
11.5 SKF
11.5.1 SKF Company Detail
11.5.2 SKF Business Overview
11.5.3 SKF Industrial Equipment Health Monitoring and Prognostics Introduction
11.5.4 SKF Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.5.5 SKF Recent Development
11.6 PTC
11.6.1 PTC Company Detail
11.6.2 PTC Business Overview
11.6.3 PTC Industrial Equipment Health Monitoring and Prognostics Introduction
11.6.4 PTC Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.6.5 PTC Recent Development
11.7 IBM Corporation
11.7.1 IBM Corporation Company Detail
11.7.2 IBM Corporation Business Overview
11.7.3 IBM Corporation Industrial Equipment Health Monitoring and Prognostics Introduction
11.7.4 IBM Corporation Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.7.5 IBM Corporation Recent Development
11.8 ABB
11.8.1 ABB Company Detail
11.8.2 ABB Business Overview
11.8.3 ABB Industrial Equipment Health Monitoring and Prognostics Introduction
11.8.4 ABB Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.8.5 ABB Recent Development
11.9 Schneider Electric
11.9.1 Schneider Electric Company Detail
11.9.2 Schneider Electric Business Overview
11.9.3 Schneider Electric Industrial Equipment Health Monitoring and Prognostics Introduction
11.9.4 Schneider Electric Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.9.5 Schneider Electric Recent Development
11.10 Emerson
11.10.1 Emerson Company Detail
11.10.2 Emerson Business Overview
11.10.3 Emerson Industrial Equipment Health Monitoring and Prognostics Introduction
11.10.4 Emerson Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.10.5 Emerson Recent Development
11.11 Mitsubishi Electric
11.11.1 Mitsubishi Electric Company Detail
11.11.2 Mitsubishi Electric Business Overview
11.11.3 Mitsubishi Electric Industrial Equipment Health Monitoring and Prognostics Introduction
11.11.4 Mitsubishi Electric Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.11.5 Mitsubishi Electric Recent Development
11.12 RONDS
11.12.1 RONDS Company Detail
11.12.2 RONDS Business Overview
11.12.3 RONDS Industrial Equipment Health Monitoring and Prognostics Introduction
11.12.4 RONDS Revenue in Industrial Equipment Health Monitoring and Prognostics Business (2019-2024)
11.12.5 RONDS Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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