Industrial Automation Service Market in the EMEA Region 2015-2019
About Industrial Automation Services
Industrial automation services comprise consulting, project engineering, maintenance and support, and operational services. The increased need for plant automation is driving the demand for automation worldwide. These services are used across various industries such as Oil and Gas, Power, Chemical and Petrochemical, Food and Beverage, Water and Waste Water Treatment, Metal and Mining, Pharmaceuticals, and Pulp and Paper. Effective deployment helps companies in maximizing the product lifecycle.
TechNavio's analysts forecast the Industrial Automation Service market in the EMEA region to grow at a CAGR of 11.01 percent over the period 2014-2019.
Covered in this Report
To calculate the market size, the report considers revenue generated from the Services, Products, and End-user industries. The services include maintenance and support, project engineering and installation, consulting, operational, and others.
TechNavio's report, Industrial Automation Service market in the EMEA region, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the EMEA region in the coming years. The report also includes a discussion on the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Industrial Automation Service Market in the EMEA Region 2015-2019
TechNavio recognizes the following companies as the key players in the Industrial Automation Service Market in the EMEA Region: ABB Ltd., Emerson Electric Co., Honeywell International Inc. and Siemens AG.
Other Prominent Vendors in the market are: Applied Material, Apriso, Aspen Technologies, Camstar Systems, Metso, Rockwell Automation, Schneider Electric and Yokogawa Electric.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends in this market is the increased focus on the Service segment. To remain ahead of the competition, many industrial automation solution providers are trying to provide excellent services to their customers.”
According to the report, the need to optimize the overall operational cost for end-users is one of the major drivers in this market. Effective deployment of automation services helps companies take advantage of the provider's expertise to reduce their plant maintenance and project operating costs.
Further, the report states that one of the major challenges that the market faces is the need for higher initial investment. End-users have to invest heavily to deploy the latest automation solution technology and various automation services for enhancing their operational efficiency and optimizing their overall operational cost. ABB , Emersion Electric , Honeywell International, Siemens , Applied Material, Apriso, Aspen Technologies, Camstar Systems, Metso, Rockwell Automation, Schneider Electric, Yokogawa Electric