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Company profile

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services. Its nonregulated businesses provide natural gas management, transportation and storage services to local gas distribution companies, including certain of its natural gas distribution divisions and industrial customers in the Midwest and Southeast. It also manages its natural gas pipeline and storage assets, including its intrastate natural gas pipeline systems in Texas.

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Predictive Maintenance Market to Rise at 29.8% CAGR till 2026; Increasing Number of Company Collaborations to Aid Growth, says Fortune Business Insights(TM)

12:26 pm ET August 31, 2020 (Globe Newswire) Print

The global predictive maintenance market size is projected to reach USD 18,551.0 million by 2026. The use of cloud computation has emerged in favor of market growth. According to a report published by Fortune Business Insights, titled "Predictive Maintenance Market Size, Share & Industry Analysis, By Component (Solution, Services), By Techniques (Power System Assessments, Infrared thermography, Temperature Monitoring, Fluid Analysis, Circuit Monitor Analysis, Vibration Monitoring, and Others), By Deployment (On-Premises and Cloud), By Organization Size (Small and Middle Enterprises (SMEs) and Large Enterprises), By End-User (Manufacturing, Government, Energy and Utilities, Transportation, Healthcare, Aerospace and Defence, and Others) and Regional Forecast, 2019-2026," the market was worth USD 2,387.6 million in 2018 and will exhibit a CAGR of 29.8% during the forecast period, 2019-2026.

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The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

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Predictive maintenance is a method that makes use of real-time condition monitoring tools that helps track the performance of any machine or equipment. This method will help detect and fix the errors that occur in the operation of the specific equipment. This will help detect failures in the machinery in future, thereby leading to reduced costs. The increasing demand for maintenance solutions across diverse industry verticals will emerge in favor of market growth. Growing applications of predictive maintenance in the manufacturing industry will have a positive impact on the growth of the market in the forthcoming years.

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Increasing Number of Company Mergers Will Create Several Opportunities for Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers has made a huge impact on market growth. In 2019, Cisco systems, Inc. announced the acquisition of Cloudcherry, a company that is engaged in providing customer experience management. The company makes use of predictive analytics within in its maintenance services. Through this acquisition, the company will look to establish a strong presence in the market, and in doing so, generate huge revenues in the coming years.

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North America to Emerge Dominant; Adoption of Cloud in Predictive Software by Major Companies in this Region to Aid Growth

The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to emerge dominant in the coming years driven by the adoption of advanced concepts in predictive maintenance tools by major companies. The huge investment in the research and development of products will have a positive impact on the growth of the regional market. As of 2018, the market in North America was worth USD 774.3 million. Accounting to the presence of several large scale companies in this region, the market will be worth USD 5,454.0 million by the end of 2026. Besides North America, the market in Europe will witness considerable growth in the coming years.

List Of Leading Companies Profiled In Predictive Maintenance Market are:

-- IBM Corporation

-- Microsoft Corporation

-- SAP SE

-- Schneider Electric SE

-- Hitachi, Ltd.

-- SAS Institute, Inc.

-- Oracle Corporation

-- Siemens AG

-- SparkCognition

-- Axiomtek Co., Ltd.

-- Banner Engineering Corp.

-- Sigma IT

-- RFMicron, Inc. d/b/a Axzon

-- Larsen & Toubro Infotech Ltd.

-- Predictive Maintenance Solutions, LLC

-- Fujitsu Ltd.

-- Software AG

-- Engineering Consultants Group, Inc.

Industry Developments:

IBM Corporation announced that it has completed the acquisition of Oniqua Holdings Pty Ltd. The company is a leading provider of maintenance, repair, and operations optimization software. Through this acquisition, the company will look to establish a strong presence in the market and subsequently expand its consumer base across the world.

Quick Buy - Predictive Maintenance Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102104

Detailed Table of Content

-- Introduction

    -- Definition, By Segment

    -- Definition, By Segment

    -- Research Approach

    -- Sources

    -- Executive Summary

    -- Market Dynamics

      -- Drivers, Restraints, and Opportunities

      -- Drivers, Restraints, and Opportunities

      -- Emerging Trends

      -- Key Insights

        -- Macro and Micro Economic Indicators

        -- Macro and Micro Economic Indicators

        -- Consolidated SWOT Analysis of Key Players

        -- Global Predictive Maintenance Market Analysis, Insights and Forecast, 2015-2026

          -- Key Findings / Summary

          -- Key Findings / Summary

          -- Market Analysis, Insights, and Forecast - By Component (Value)

            -- Solution

              -- Solution

                -- Standalone

                -- Integrated

                -- Services

                  -- Consulting

                  -- Consulting

                  -- Deployment and Installation

                  -- Support and Maintenance

                  -- Market Analysis, Insights, and Forecast - By Techniques (Value)

                    -- Power System Assessments

                    -- Power System Assessments

                    -- Infrared thermography

                    -- Temperature Monitoring

                    -- Fluid Analysis

                    -- Circuit Monitor Analysis

                    -- Vibration Monitoring

                    -- Others

                    -- Market Analysis, Insights, and Forecast - By Deployment (Value)

                      -- On-Premises

                      -- On-Premises

                      -- Cloud

                      -- Market Analysis, Insights, and Forecast - By Organization Size (Value)

                        -- Small and Middle Enterprises (SMEs)

                        -- Small and Middle Enterprises (SMEs)

                        -- Large Enterprises

                        -- Market Analysis, Insights, and Forecast - By End-user (Value)

                          -- Manufacturing

                          -- Manufacturing

                          -- Government

                          -- Energy and Utilities

                          -- Transportation

                          -- Healthcare

                          -- Aerospace and Defense

                          -- Others

                          -- Market Analysis, Insights, and Forecast - By Region (Value)

                            -- North America

                            -- North America

                            -- Europe

                            -- Asia Pacific

                            -- Middle East & Africa

                            -- Latin America

                            TOC Continued..

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                            Have a Look at Related Research Insights:

                            Offshore Inspection, Repair, and Maintenance Market Size, Share & Industry Analysis, By Service Type (Inspection {Visual Inspection, Ultrasonic, Electromagnetic}, Maintenance {Reactive Maintenance, Preventive Maintenance, Predictive Maintenance}, Repair), By Type (Offshore Support Vessels, AUVs/ROVs, Others), By Application (Oil & Gas, Wind Farms, Others) and Regional Forecast, 2019-2026

                            Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019-2026

                            Internet of Things (IoT) in Manufacturing Market Size, Share & Industry Analysis, By Platform (Device Management, Application Management, Network Management), By Software & Services (Software Solution and Services), By Application (Predictive Maintenance, Asset Tracking and Management, Logistics and Supply Chain Management, Real-Time Workforce Tracking and Management, Emergency and Incident Management and Others) and Regional Forecast, 2019-2026

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