SISTAM 2023, titled “Smart Industrial Safety & Technology for Advanced Maintenance,” took place from October 18-20, 2023, at BITEC, Bangkok. Hosted by the Technology Promotion Association (Thailand-Japan) and the Thai Institute of Chemical Engineering and Applied Chemistry (TIChE), the event was a convergence of leading-edge technology, innovations, products, solutions, and services dedicated to smart industrial safety and advanced maintenance.

The event facilitated valuable networking opportunities for industrial professionals, manufacturers, technology suppliers, and academia. Participants engaged in discussions covering industrial updates, technology presentations, and best practices through concurrent conferences and seminars.

Global Industrial Maintenance Market Insights

The global predictive maintenance market, valued at US$ 4.1 billion in 2021, is anticipated to witness substantial growth, reaching nearly US$ 32.43 billion by 2029, with an expected annual growth rate of 29.5% from 2022. This growth is propelled by the increasing use of advanced technologies for data gathering, such as big data, M2M connectivity, and cloud technology. These advancements enable in-depth analysis of data obtained from industrial assets, generated by smart devices like sensors and cameras. Consequently, businesses are adopting AI-based IoT solutions for predictive maintenance and enhanced customer service.

In this context, SISTAM 2023 provided a platform for industry professionals and providers to explore the latest developments in predictive maintenance solutions, focusing on critical factors such as maintenance and upgrades. The event played a pivotal role in fostering collaboration and knowledge exchange among stakeholders in the industrial maintenance sector.