The global market for Condition-Based Maintenance (CBM) was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
Condition-based maintenance (CBM) is a maintenance strategy that monitors the actual condition of an asset to decide what maintenance needs to be done. CBM dictates that maintenance should only be performed when certain indicators show signs of decreasing performance or upcoming failure. Checking a machine for these indicators may include non-invasive measurements, visual inspection, performance data and scheduled tests. Condition data can then be gathered at certain intervals, or continuously (as is done when a machine has internal sensors). Condition-based maintenance can be applied to mission critical and non-mission critical assets.
The market driver for Condition-Based Maintenance (CBM) is the increasing need for cost-effective and efficient maintenance strategies in various industries. CBM is a proactive maintenance approach that uses real-time data and condition monitoring techniques to assess the health of equipment and predict potential failures. Several factors contribute to the growing demand for CBM in the market:
Cost Savings: CBM helps in optimizing maintenance activities by performing maintenance only when necessary based on the actual condition of equipment. This approach reduces unnecessary maintenance costs and minimizes downtime, resulting in significant cost savings for industries.
Improved Equipment Reliability: CBM allows for early detection of equipment anomalies and potential failures, enabling timely maintenance and repairs before a breakdown occurs. This improves equipment reliability and extends its useful life.
Minimized Downtime: By identifying potential issues in advance, CBM enables scheduled maintenance, reducing unplanned downtime and minimizing production disruptions in industrial processes.
Enhanced Safety: Timely maintenance and condition monitoring help prevent equipment failures that could lead to safety hazards for workers and the environment.
Advancements in Sensor Technology: The development of advanced sensors and monitoring technologies has made it easier and more cost-effective to implement CBM in various industries.
Industry 4.0 and IIoT Integration: CBM is closely aligned with the concepts of Industry 4.0 and the Industrial Internet of Things (IIoT). The integration of CBM with smart sensors and data analytics platforms enables real-time data collection and analysis, enhancing maintenance efficiency and accuracy.
Regulatory Compliance: In industries with strict regulations and safety standards, CBM helps organizations comply with maintenance requirements and ensure equipment reliability.
Growing Complexity of Industrial Equipment: As industrial equipment becomes more complex and sophisticated, traditional time-based maintenance approaches may not be sufficient to detect potential issues. CBM provides a more proactive and reliable maintenance solution for modern equipment.
Remote Monitoring and Predictive Analytics: CBM leverages remote monitoring capabilities and predictive analytics to identify trends and patterns in equipment performance, allowing maintenance teams to take proactive measures.
Sustainability and Resource Optimization: CBM aligns with sustainability goals by minimizing unnecessary maintenance activities, reducing the consumption of resources like energy and spare parts, and contributing to a more efficient and eco-friendly maintenance approach.
Adoption in Various Industries: CBM is applied in a wide range of industries, including manufacturing, oil and gas, power generation, transportation, aerospace, and healthcare, driving its widespread adoption.
This report aims to provide a comprehensive presentation of the global market for Condition-Based Maintenance (CBM), 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 Condition-Based Maintenance (CBM).
The Condition-Based Maintenance (CBM) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Condition-Based Maintenance (CBM) 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 Condition-Based Maintenance (CBM) companies, new entrants, and industry chain related companies in this market with information on the revenues 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
Fiix (Rockwell Automation)
Eagle Technology
ABB
Honeywell
Emerson Electric
FasTrak SoftWorks
Intertek Group
Siemens
SERTICA (RINA)
James Fisher Mimic
BV Solutions M&O
Matics
Ureason
Info Marine
Intertek
Nexus Integra
PROGNOST
Allied Reliability
MPulse Software
SenseGrow
Qualitrol
Sensonics Ltd
Segment by Type
Software
Service
Segment by Application
Automotive
Oil and Gas
Semiconductor
Nuclear Energy
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
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 Condition-Based Maintenance (CBM) company 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.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Condition-Based Maintenance (CBM) Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Software
1.2.3 Service
1.3 Market by Application
1.3.1 Global Condition-Based Maintenance (CBM) Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Automotive
1.3.3 Oil and Gas
1.3.4 Semiconductor
1.3.5 Nuclear Energy
1.3.6 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Condition-Based Maintenance (CBM) Market Perspective (2020-2031)
2.2 Global Condition-Based Maintenance (CBM) Growth Trends by Region
2.2.1 Global Condition-Based Maintenance (CBM) Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Condition-Based Maintenance (CBM) Historic Market Size by Region (2020-2025)
2.2.3 Condition-Based Maintenance (CBM) Forecasted Market Size by Region (2026-2031)
2.3 Condition-Based Maintenance (CBM) Market Dynamics
2.3.1 Condition-Based Maintenance (CBM) Industry Trends
2.3.2 Condition-Based Maintenance (CBM) Market Drivers
2.3.3 Condition-Based Maintenance (CBM) Market Challenges
2.3.4 Condition-Based Maintenance (CBM) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Condition-Based Maintenance (CBM) Players by Revenue
3.1.1 Global Top Condition-Based Maintenance (CBM) Players by Revenue (2020-2025)
3.1.2 Global Condition-Based Maintenance (CBM) Revenue Market Share by Players (2020-2025)
3.2 Global Condition-Based Maintenance (CBM) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Condition-Based Maintenance (CBM) Revenue
3.4 Global Condition-Based Maintenance (CBM) Market Concentration Ratio
3.4.1 Global Condition-Based Maintenance (CBM) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Condition-Based Maintenance (CBM) Revenue in 2024
3.5 Global Key Players of Condition-Based Maintenance (CBM) Head office and Area Served
3.6 Global Key Players of Condition-Based Maintenance (CBM), Product and Application
3.7 Global Key Players of Condition-Based Maintenance (CBM), Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Condition-Based Maintenance (CBM) Breakdown Data by Type
4.1 Global Condition-Based Maintenance (CBM) Historic Market Size by Type (2020-2025)
4.2 Global Condition-Based Maintenance (CBM) Forecasted Market Size by Type (2026-2031)
5 Condition-Based Maintenance (CBM) Breakdown Data by Application
5.1 Global Condition-Based Maintenance (CBM) Historic Market Size by Application (2020-2025)
5.2 Global Condition-Based Maintenance (CBM) Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Condition-Based Maintenance (CBM) Market Size (2020-2031)
6.2 North America Condition-Based Maintenance (CBM) Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Condition-Based Maintenance (CBM) Market Size by Country (2020-2025)
6.4 North America Condition-Based Maintenance (CBM) Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Condition-Based Maintenance (CBM) Market Size (2020-2031)
7.2 Europe Condition-Based Maintenance (CBM) Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Condition-Based Maintenance (CBM) Market Size by Country (2020-2025)
7.4 Europe Condition-Based Maintenance (CBM) Market Size by Country (2026-2031)
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 Condition-Based Maintenance (CBM) Market Size (2020-2031)
8.2 Asia-Pacific Condition-Based Maintenance (CBM) Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Condition-Based Maintenance (CBM) Market Size by Region (2020-2025)
8.4 Asia-Pacific Condition-Based Maintenance (CBM) Market Size by Region (2026-2031)
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 Condition-Based Maintenance (CBM) Market Size (2020-2031)
9.2 Latin America Condition-Based Maintenance (CBM) Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Condition-Based Maintenance (CBM) Market Size by Country (2020-2025)
9.4 Latin America Condition-Based Maintenance (CBM) Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Condition-Based Maintenance (CBM) Market Size (2020-2031)
10.2 Middle East & Africa Condition-Based Maintenance (CBM) Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Condition-Based Maintenance (CBM) Market Size by Country (2020-2025)
10.4 Middle East & Africa Condition-Based Maintenance (CBM) Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Fiix (Rockwell Automation)
11.1.1 Fiix (Rockwell Automation) Company Details
11.1.2 Fiix (Rockwell Automation) Business Overview
11.1.3 Fiix (Rockwell Automation) Condition-Based Maintenance (CBM) Introduction
11.1.4 Fiix (Rockwell Automation) Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.1.5 Fiix (Rockwell Automation) Recent Development
11.2 Eagle Technology
11.2.1 Eagle Technology Company Details
11.2.2 Eagle Technology Business Overview
11.2.3 Eagle Technology Condition-Based Maintenance (CBM) Introduction
11.2.4 Eagle Technology Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.2.5 Eagle Technology Recent Development
11.3 ABB
11.3.1 ABB Company Details
11.3.2 ABB Business Overview
11.3.3 ABB Condition-Based Maintenance (CBM) Introduction
11.3.4 ABB Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.3.5 ABB Recent Development
11.4 Honeywell
11.4.1 Honeywell Company Details
11.4.2 Honeywell Business Overview
11.4.3 Honeywell Condition-Based Maintenance (CBM) Introduction
11.4.4 Honeywell Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.4.5 Honeywell Recent Development
11.5 Emerson Electric
11.5.1 Emerson Electric Company Details
11.5.2 Emerson Electric Business Overview
11.5.3 Emerson Electric Condition-Based Maintenance (CBM) Introduction
11.5.4 Emerson Electric Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.5.5 Emerson Electric Recent Development
11.6 FasTrak SoftWorks
11.6.1 FasTrak SoftWorks Company Details
11.6.2 FasTrak SoftWorks Business Overview
11.6.3 FasTrak SoftWorks Condition-Based Maintenance (CBM) Introduction
11.6.4 FasTrak SoftWorks Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.6.5 FasTrak SoftWorks Recent Development
11.7 Intertek Group
11.7.1 Intertek Group Company Details
11.7.2 Intertek Group Business Overview
11.7.3 Intertek Group Condition-Based Maintenance (CBM) Introduction
11.7.4 Intertek Group Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.7.5 Intertek Group Recent Development
11.8 Siemens
11.8.1 Siemens Company Details
11.8.2 Siemens Business Overview
11.8.3 Siemens Condition-Based Maintenance (CBM) Introduction
11.8.4 Siemens Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.8.5 Siemens Recent Development
11.9 SERTICA (RINA)
11.9.1 SERTICA (RINA) Company Details
11.9.2 SERTICA (RINA) Business Overview
11.9.3 SERTICA (RINA) Condition-Based Maintenance (CBM) Introduction
11.9.4 SERTICA (RINA) Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.9.5 SERTICA (RINA) Recent Development
11.10 James Fisher Mimic
11.10.1 James Fisher Mimic Company Details
11.10.2 James Fisher Mimic Business Overview
11.10.3 James Fisher Mimic Condition-Based Maintenance (CBM) Introduction
11.10.4 James Fisher Mimic Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.10.5 James Fisher Mimic Recent Development
11.11 BV Solutions M&O
11.11.1 BV Solutions M&O Company Details
11.11.2 BV Solutions M&O Business Overview
11.11.3 BV Solutions M&O Condition-Based Maintenance (CBM) Introduction
11.11.4 BV Solutions M&O Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.11.5 BV Solutions M&O Recent Development
11.12 Matics
11.12.1 Matics Company Details
11.12.2 Matics Business Overview
11.12.3 Matics Condition-Based Maintenance (CBM) Introduction
11.12.4 Matics Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.12.5 Matics Recent Development
11.13 Ureason
11.13.1 Ureason Company Details
11.13.2 Ureason Business Overview
11.13.3 Ureason Condition-Based Maintenance (CBM) Introduction
11.13.4 Ureason Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.13.5 Ureason Recent Development
11.14 Info Marine
11.14.1 Info Marine Company Details
11.14.2 Info Marine Business Overview
11.14.3 Info Marine Condition-Based Maintenance (CBM) Introduction
11.14.4 Info Marine Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.14.5 Info Marine Recent Development
11.15 Intertek
11.15.1 Intertek Company Details
11.15.2 Intertek Business Overview
11.15.3 Intertek Condition-Based Maintenance (CBM) Introduction
11.15.4 Intertek Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.15.5 Intertek Recent Development
11.16 Nexus Integra
11.16.1 Nexus Integra Company Details
11.16.2 Nexus Integra Business Overview
11.16.3 Nexus Integra Condition-Based Maintenance (CBM) Introduction
11.16.4 Nexus Integra Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.16.5 Nexus Integra Recent Development
11.17 PROGNOST
11.17.1 PROGNOST Company Details
11.17.2 PROGNOST Business Overview
11.17.3 PROGNOST Condition-Based Maintenance (CBM) Introduction
11.17.4 PROGNOST Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.17.5 PROGNOST Recent Development
11.18 Allied Reliability
11.18.1 Allied Reliability Company Details
11.18.2 Allied Reliability Business Overview
11.18.3 Allied Reliability Condition-Based Maintenance (CBM) Introduction
11.18.4 Allied Reliability Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.18.5 Allied Reliability Recent Development
11.19 MPulse Software
11.19.1 MPulse Software Company Details
11.19.2 MPulse Software Business Overview
11.19.3 MPulse Software Condition-Based Maintenance (CBM) Introduction
11.19.4 MPulse Software Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.19.5 MPulse Software Recent Development
11.20 SenseGrow
11.20.1 SenseGrow Company Details
11.20.2 SenseGrow Business Overview
11.20.3 SenseGrow Condition-Based Maintenance (CBM) Introduction
11.20.4 SenseGrow Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.20.5 SenseGrow Recent Development
11.21 Qualitrol
11.21.1 Qualitrol Company Details
11.21.2 Qualitrol Business Overview
11.21.3 Qualitrol Condition-Based Maintenance (CBM) Introduction
11.21.4 Qualitrol Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.21.5 Qualitrol Recent Development
11.22 Sensonics Ltd
11.22.1 Sensonics Ltd Company Details
11.22.2 Sensonics Ltd Business Overview
11.22.3 Sensonics Ltd Condition-Based Maintenance (CBM) Introduction
11.22.4 Sensonics Ltd Revenue in Condition-Based Maintenance (CBM) Business (2020-2025)
11.22.5 Sensonics Ltd Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
Fiix (Rockwell Automation)
Eagle Technology
ABB
Honeywell
Emerson Electric
FasTrak SoftWorks
Intertek Group
Siemens
SERTICA (RINA)
James Fisher Mimic
BV Solutions M&O
Matics
Ureason
Info Marine
Intertek
Nexus Integra
PROGNOST
Allied Reliability
MPulse Software
SenseGrow
Qualitrol
Sensonics Ltd
听
听
*If Applicable.
