Europe Predictive Maintenance (PdM) Market Forecast (2017-2024)
Synopsis
The above chart is Global Predictive Maintenance (PdM) market [2017-2024] by Europe
Market Dynamics
United kingdom accounted for the largest market share in 2018 in the europe predictive maintenance (pdm) market, and is expected to reach usd 1553.10 million in 2024 from usd 420.10 million in 2018. however, spain is the fastest growing market, which is expected to grow at a cagr of 27.80% during the forecast period 2019 - 2024. vibration monitoring segment accounted for the largest market share in 2018, this market is expected to reach usd 1964.10 million in 2024 from usd 549.00 million in 2018. this market is projected to grow at a cagr of 25.83% during the forecast period from 2019 - 2024. however, oil analysis segment is the fastest growing market, which is expected to grow at a cagr of 27.49% during the forecast period 2019 - 2024. on premise segment accounted for the larger market share in 2018, this market is expected to reach usd 1412.80 million in 2024 from usd 339.70 million in 2018. this market is projected to grow at a cagr of 29.04% during the forecast period from 2019 - 2024. however, cloud segment is the fastest growing market, which is expected to grow at a cagr of 31.77% during the forecast period 2019 - 2024. hardware segment accounted for the largest market share in 2018, this market is expected to reach usd 1010.20 million in 2024 from usd 666.00 million in 2018. this market is projected to grow at a cagr of 7.92% during the forecast period from 2019 - 2024. however, services segment is the fastest growing market, which is expected to grow at a cagr of 33.39% during the forecast period 2019 - 2024. traditional technique segment accounted for the larger market share in 2018, this market is expected to reach usd 3401.00 million in 2024 from usd 1062.00 million in 2018. this market is projected to grow at a cagr of 23.52% during the forecast period from 2019 - 2024. however, advanced technique segment is the fastest growing market, which is expected to grow at a cagr of 27.61% during the forecast period 2019 - 2024. manufacturing segment accounted for the largest market share in 2018, this market is expected to reach usd 1426.60 million in 2024 from usd 390.60 million in 2018. this market is projected to grow at a cagr of 26.23% during the forecast period from 2019 - 2024. however, energy and utilities segment is the fastest growing market, which is expected to grow at a cagr of 27.40% during the forecast period 2019 - 2024.
