Predictive Maintenance Market Forecasts Growth from $13.89B (2026) to $23.79B by 2031, Profiling ABB, Honeywell, Schneider Electric, IBM & GE Vernova

Company Logo The global predictive maintenance market is projected to grow from USD 9.71 billion in 2026 to USD 16.74 billion by 2031, at an 11.5% CAGR. Growth is driven by industrial IoT, AI, machine learning, connected sensors and demand for improved asset reliability, safety and reduced downtime. Manufacturing will dominate, while AI-driven predictive maintenance platforms will record the highest growth. North America will hold the largest market share in 2026, with Asia Pacific growing fastest amid smart factory and industrial automation investments. Dublin, Sept. 25, 2026 (GLOBE NEWSWIRE) -- "Predictive Maintenance Market by Monitoring Infrastructure, Software - Global Forecast to 2031" has been added to ResearchAndMarkets.com's offering.