"Regional Overview of Executive Summary Europe Predictive Maintenance Market by Size and Share
Europe Predictive Maintenance Market was valued at USD 490.88 million in 2021 and is expected to reach USD 34823.24 million by 2029, registering a CAGR of 40.10% during the forecast period of 2022-2029.
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The North America Predictive Maintenance Market is experiencing robust growth as industries shift toward data-driven maintenance strategies to enhance equipment reliability, reduce downtime, and optimize operational costs. Predictive maintenance (PdM) leverages advanced technologies such as IoT sensors, artificial intelligence, machine learning, and cloud analytics to forecast equipment...
1. Introduction
The Global Predictive Maintenance (PdM) Market involves the adoption of advanced technologies—primarily the Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML)—to monitor the condition of equipment and predict when maintenance should be performed. This proactive approach allows organizations to schedule necessary maintenance at the most...
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