Industrial Services Market Size, Share, Trends, Industry Analysis Report By Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), By Application, By End Use, By Region – Market Forecast, 2025–2034

The industrial services market size is expected to reach USD 64.65 billion by 2034, according to a new study by Polaris Market Research. The report “Industrial Services Market Share, Size, Trends, Industry Analysis Report By Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), By Application, By End Use, By Region; Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Industrial services refer to a broad range of support functions and specialized solutions that ensure the efficient operation, maintenance, and optimization of industrial facilities and processes. These services are essential across various sectors such as manufacturing, energy, oil and gas, mining, and utilities. They include equipment maintenance and repair, engineering design, installation, commissioning, inspection, safety compliance, environmental monitoring, and technical consulting.

Industrial services encompass predictive and preventive maintenance, asset management, automation integration, and energy efficiency improvements. These services are critical for sustaining continuous operations, minimizing risks, and ensuring workplace safety. Additionally, with the rise of Industry 4.0, industrial services increasingly incorporate digital technologies such as IoT sensors, data analytics, and remote monitoring to enable smart maintenance and real-time performance tracking. Industrial services play a crucial role in supporting infrastructure reliability, operational efficiency, and cost-effectiveness across heavy industries, allowing core businesses to focus on production and innovation while relying on external expertise for technical and logistical support.

Industrial Services Market Report Highlights

In terms of type, the operational improvement & maintenance segment accounted for a major revenue share in 2024 due to growing adoption of digital tools, such as IoT-enabled monitoring systems, AI-driven predictive analytics, and real-time performance tracking.

Based on application, the distributed control system (DCS) segment held the largest revenue share in 2024 due to its ability to handle large-scale, continuous operations with high accuracy and reliability.

In terms of end use, the oil and gas segment dominated the revenue share in 2024 due to rising focus on equipment maintenance, process optimization, and plant safety.

North America accounted for 35.43% of the global industrial services market share in 2024. This dominance is attributed to increasing industrial automation, growing investments in infrastructure, and rising demand for energy efficiency.

The industry in Asia Pacific is projected to grow at the fastest pace in the coming years, owing to rapid industrialization, urbanization, and expanding manufacturing bases in countries such as China, India, and those in Southeast Asian.

A few global key players in the industrial services market include ABB, Emerson Electric Co., GE Vernova, Honeywell International Inc., Metso, Rockwell Automation, Samson, Schneider Electric, Siemens, SKF, and Wood Group Industrial Services Limited.

Polaris Market Research has segmented the industrial services market report on the basis of type, application, end use, and region:

By Type Outlook (Revenue, USD Billion, 2020–2034)

Engineering & Consulting

Installation & Commissioning

Operational Improvement & Maintenance

By Application Outlook (Revenue, USD Billion, 2020–2034)

Distributed Control System (DCS)

Programmable Controller Logic (PLC)

Supervisory Control and Data Acquisition (SCADA)

Electric Motors & Drives

Valves & Actuators

Manufacturing Execution System

Others

By End Use Outlook (Revenue, USD Billion, 2020–2034)

Oil and Gas

Chemicals

Automotive

Pharmaceuticals

Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

North America

U.S.

Canada

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America Show more