Predictive Maintenance Market Exhibits Higher Growth Prospects During 2018-2026
Global predictive maintenance market is estimated to be valued at US$ 2,123.8 Mn in 2018, up from US$ 1,639.2 Mn in 2017. By 2026, the market is projected to reach US$ 17,700.8 Mn, exhibiting a CAGR of 30.3% over the forecast period (2018–2026). Growing adoption of predictive maintenance in automotive aftermarket coupled with increasing industrial automation and increasing demand for periodic maintenance are expected to drive growth of global predictive maintenance market during the forecast period.
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