Industrial Automation Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Industrial Automation Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global industrial automation services market size reached US$ 198.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 332.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.83% during 2023-2028.
Industrial automation services use control systems like robots or computers and information technology to handle different processes and operate machinery. These services control and regulate processes such as designing, installation, maintenance and support. Industrial automation services can manage a large amount of unstructured data more efficiently than manual handling. Automation ensures fast production, reduces costs, checks product quality, standardizes manufacturing, minimizes waste and supervises production in manufacturing plants. It also offers various benefits like improved accuracy, lowered labor cost, flexibility, high speed and quiet operations.
Industrial Automation Services Market Trends:
Numerous organizations are opting for automation services as they reduce the dependency on manual labor and ensure a faster pace for mass production. Moreover, the use of industrial automation services enhances the speed of production processes. As a result, it reduces the consumption of electricity and other resources, thereby making the manufacturing process less expensive. Another major growth-inducing factor for the market is the consistent demand for efficient automated systems. In line with this, several companies are investing to facilitate research and developmental activities for these services. Apart from this, due to a significant increase in industrialization and urbanization, the need to automate repetitive tasks and streamline the business process has also been increasing across different industries.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial automation services market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type of services, product type and end-user.
Breakup by Type of Service:
Project Engineering and Installation
Maintenance and Support Services
Consulting Services
Operational Services
Breakup by Product Type:
DCS
SCADA
PLC
MES
Others
Breakup by End User:
Discrete Industries
Process Industries
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Siemens AG, Honeywell International Inc., General Electric Company, Mitsubishi Electric, Rockwell Automation, Johnson Controls Inc., Schneider Electric, Yokogawa Electric Corporation, OMRON Corporation, Danaher Corporation, etc.
Key Questions Answered in This Report:
How has the global industrial automation services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global industrial automation services industry?
What are the key regional markets in the global industrial automation services industry?
What is the breakup of the market based on the type of service?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global industrial automation services industry?
What are the key driving factors and challenges in the global industrial automation services industry?
What is the structure of the global industrial automation services industry and who are the key players?
What is the degree of competition in the global industrial automation services industry?
What are the profit margins in the global industrial automation services industry?
The global industrial automation services market size reached US$ 198.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 332.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.83% during 2023-2028.
Industrial automation services use control systems like robots or computers and information technology to handle different processes and operate machinery. These services control and regulate processes such as designing, installation, maintenance and support. Industrial automation services can manage a large amount of unstructured data more efficiently than manual handling. Automation ensures fast production, reduces costs, checks product quality, standardizes manufacturing, minimizes waste and supervises production in manufacturing plants. It also offers various benefits like improved accuracy, lowered labor cost, flexibility, high speed and quiet operations.
Industrial Automation Services Market Trends:
Numerous organizations are opting for automation services as they reduce the dependency on manual labor and ensure a faster pace for mass production. Moreover, the use of industrial automation services enhances the speed of production processes. As a result, it reduces the consumption of electricity and other resources, thereby making the manufacturing process less expensive. Another major growth-inducing factor for the market is the consistent demand for efficient automated systems. In line with this, several companies are investing to facilitate research and developmental activities for these services. Apart from this, due to a significant increase in industrialization and urbanization, the need to automate repetitive tasks and streamline the business process has also been increasing across different industries.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial automation services market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type of services, product type and end-user.
Breakup by Type of Service:
Project Engineering and Installation
Maintenance and Support Services
Consulting Services
Operational Services
Breakup by Product Type:
DCS
SCADA
PLC
MES
Others
Breakup by End User:
Discrete Industries
Process Industries
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Siemens AG, Honeywell International Inc., General Electric Company, Mitsubishi Electric, Rockwell Automation, Johnson Controls Inc., Schneider Electric, Yokogawa Electric Corporation, OMRON Corporation, Danaher Corporation, etc.
Key Questions Answered in This Report:
How has the global industrial automation services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global industrial automation services industry?
What are the key regional markets in the global industrial automation services industry?
What is the breakup of the market based on the type of service?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the global industrial automation services industry?
What are the key driving factors and challenges in the global industrial automation services industry?
What is the structure of the global industrial automation services industry and who are the key players?
What is the degree of competition in the global industrial automation services industry?
What are the profit margins in the global industrial automation services industry?
Table of Contents
108 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Industrial Automation Services Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Type of Service
- 5.5 Market Breakup by Product Type
- 5.6 Market Breakup by End-User
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
- 6 Market Breakup by Type of Service
- 6.1 Project Engineering and Installation
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Maintenance and Support Services
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Consulting Services
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Operational Services
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 7 Market Breakup by Product Type
- 7.1 DCS
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 SCADA
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 PLC
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 MES
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 8 Market Breakup by End-User
- 8.1 Discrete Industries
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Process Industries
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Asia Pacific
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Europe
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Siemens AG
- 14.3.2 Honeywell International Inc.
- 14.3.3 General Electric Company
- 14.3.4 Mitsubishi Electric
- 14.3.5 Rockwell Automation
- 14.3.6 Johnson Controls Inc.
- 14.3.7 Schneider Electric
- 14.3.8 Yokogawa Electric Corporation
- 14.3.9 OMRON Corporation
- 14.3.10 Danaher Corporation
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