Global Industrial Services Market Research Report- Forecast 2027

Industrial Services Market, By Type (Installation and Commissioning, Engineering and Consulting), By Applications (Human Machine Interface, Distributed Control System, Valves and Actuators), By End-Users (Automotive, Metal and Mining, Food & Beverages, Paper, Oil & Gas) - Forecast 2027

ID: MRFR/ICT/2615-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis of Industrial Services Market:
Market Scenario:
The Industrial Services are determined as the wider service portfolio that is being recognized by the service solution providers. The key factors driving the growth of the industrial services market are the deployment of strategies that includes service contracts and service agreements, product developments, partnerships, and expansions. The growing demand for operational excellence; rising demand for maintenance as a service; and increasing equipment complexity also fueling the market of industrial services by the end of the forecasted period. The growth of industrial service has also evolved the large multinational organizations. Due to its standardization of price and quality, the demand of the improved asset utilization, the industrial services represents the clear competitive advantage for the clients.
The study indicates that Industrial services are the key source for revenue and growth for its providers.  The technological advancement is not only prompting the growth of industrial service market but also endorse the innovation and development of various industrial equipment. The major driving factor for the growth of Industrial Services are increasing demand is the implementation. Moreover, the demand for predictive maintenance services and increasing equipment complexity would help in the growth of the industrial services market for operational improvement and maintenance services.
The impact of fluctuating oil prices has increased the demand for industrial services. A huge amount of operational efficiency in the oil & gas industry is also acting as a growing sector for this market.
The global Industrial Services market is expected to grow at USD$ ~35.71 Billion by 2023, at ~5.9% of CAGR between 2017 and 2023. 


Study Objectives of Industrial Services Market:



  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Industrial Services market.

  • To provide insights about factors affecting the market growth.

  • To analyze the Industrial Services market based porter’s five force analysis etc.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Industrial Services a, and Rest of the World (ROW).

  • To provide country level analysis of the market with respect to the current market size and future prospective.

  • To provide country level analysis of the market for segment on the basis of type, application, end-users, and region.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Industrial Services  system 


 Industrial Services Market
Industrial Services Market


Key Players:
The prominent players in the Industrial Services Market are – Siemens AG (Germany), ABB (Switzerland), Emerson Electric (US), Honeywell International Inc. (US), General Electric (US), Schneider Electric (France), Wood Group Mustang (US), SKF AB (Sweden), ATS Automation (Canada), INTECH Process Automation (US) among others. 


Segments:
The global Industrial Services market has been segmented on the basis of type, application, end-users, and region.


Industrial Services Market by Type:



  • Service Strategies

  • Resource Planning

  • Maintenance Strategy and Planning

  • Engineering and Consulting

  • Others 


Industrial Services Market by Application:



  • Human Machine Interface

  • Distributed Control System

  • Manufacturing Execution System

  • Programmable Logic Controller

  • Safety Systems

  • Others 


Industrial Services Market by End Users:



  • IT and Telecom

  • Transportation

  • Metals & Mining

  • Food & Beverages

  • Oil & Gas

  • Others


Industrial Services Market by Regions:



  • North America

  • Europe

  • APAC

  • Rest of the World 


Regional Analysis:
The regional analysis of Industrial Services market is being studied for region such as Industrial Services a pacific, North America, Europe and Rest of the World. Europe region is dominating the global industrial services market and accounted for a largest market share due to wide spectrum of services offered in these region. The Key Vendors such as Siemens AG (Germany), ABB (Switzerland), and many more are the major player in this market. While in North America, the market is expected to grow further in the coming years of the Industrial Services market. 


Intended Audience



  • Raw material providers

  • Original design manufacturers

  • Technology, service, and solution providers

  • Suppliers and distributors

  • System integrators

  • Electronic design automation

  • Component manufacturers

  • Original equipment manufacturers

  • Research institutes and organizations

  • Technology standards organizations

  • Technology investors

  • Research institutes,

  • System Integrators

  • Research/Consultancy firms


 



Frequently Asked Questions (FAQ) :


A constructive CAGR is expected to be seen in the market during the forecast period.

The earning potential of USD 35.71 Billion is projected to be gained by the market by 2023

Honeywell International Inc. (US), Siemens AG (Germany), Schneider Electric (France), ABB (Switzerland), Emerson Electric (US), General Electric (US), Wood Group Mustang (US) are the contenders in the market.

The European region is anticipated to emerge at the top of the global market.

The demand for predictive maintenance services is anticipated to boost the market in the period of the forecast.

TABLE OF CONTENTS
1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE:

1.3.1 GLOBAL INDUSTRIAL SERVICES MARKET: BY TYPE

1.3.2 GLOBAL INDUSTRIAL SERVICES MARKET: BY APPLICATIONS

1.3.3 GLOBAL INDUSTRIAL SERVICES MARKET: BY INDUSTRY

1.3.4 GLOBAL INDUSTRIAL SERVICES MARKET: BY REGION
2 RESEARCH METHODOLOGY

2.1 RESEARCH MODEL

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL
3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS
6 INDUSTRIAL SERVICES MARKET

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY TYPE

6.2.1.1 SERVICE STRATEGIES

6.2.1.2 RESOURCE PLANNING

6.2.1.3 MAINTENANCE STRATEGY AND PLANNING

6.2.1.4 ENGINEERING AND CONSULTING

6.2.1.5 OTHERS

6.2.2 BY APPLICATIONS

6.2.2.1 HUMAN MACHINE INTERFACE

6.2.2.2 PROGRAMMABLE LOGIC CONTROLLER

6.2.2.3 DISTRIBUTED CONTROL SYSTEM

6.2.2.4 SAFETY SYSTEMS

6.2.2.5 OTHERS

6.2.3 BY INDUSTRY

6.2.3.1 OIL & GAS

6.2.3.2 FOOD & BEVERAGES

6.2.3.3 METALS AND MINING

6.2.3.4 CHEMICALS

6.2.3.5 OTHERS

6.2.4 BY REGION

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA PACIFIC

6.2.4.4 REST OF THE WORLD
7 COMPANY PROFILES

7.1 SIEMENS AG (GERMANY),

7.2 ABB GROUP (SWITZERLAND)

7.3 HONEYWELL INTERNATIONAL INC. (US)

7.4 EMERSON ELECTRIC CO. (U.S)

7.5 WOOD GROUP MUSTANG (US)

7.6 ATS AUTOMATION (CANADA)

7.7 INTECH PROCESS AUTOMATION (US)

7.8 SCHNEIDER ELECTRIC S E (FRANCE)

7.9 SPIE (U.K)

7.10 KBR, INC. (U.S)

7.11 OTHERS
LIST OF TABLES
TABLE 1 INDUSTRIAL SERVICES MARKET, BY TYPE

TABLE 2 INDUSTRIAL SERVICES MARKET, BY APPLICATIONS

TABLE 3 INDUSTRIAL SERVICES MARKET, BY INDUSTRY

TABLE 4 INDUSTRIAL SERVICES MARKET, BY REGION

TABLE 5 NORTH AMERICA INDUSTRIAL SERVICES MARKET, BY TYPE

TABLE 6 NORTH AMERICA INDUSTRIAL SERVICES MARKET, BY APPLICATIONS

TABLE 7 NORTH AMERICA INDUSTRIAL SERVICES MARKET, BY INDUSTRY

TABLE 8 NORTH AMERICA INDUSTRIAL SERVICES MARKET, BY REGION

TABLE 9 U.S. INDUSTRIAL SERVICES MARKET, BY TYPE

TABLE 10 U.S. INDUSTRIAL SERVICES MARKET, BY APPLICATIONS

TABLE 11 U.S. INDUSTRIAL SERVICES MARKET, BY INDUSTRY

TABLE 12 U.S. INDUSTRIAL SERVICES MARKET, BY REGION

TABLE 13 EUROPE INDUSTRIAL SERVICES MARKET, BY TYPE

TABLE 14 EUROPE INDUSTRIAL SERVICES MARKET, BY APPLICATIONS

TABLE 15 EUROPE INDUSTRIAL SERVICES MARKET, BY INDUSTRY

TABLE 16 EUROPE INDUSTRIAL SERVICES MARKET, BY REGION

TABLE 17 U.K. INDUSTRIAL SERVICES MARKET, BY TYPE

TABLE 18 U.K. INDUSTRIAL SERVICES MARKET, BY APPLICATIONS

TABLE 19 U.K. INDUSTRIAL SERVICES MARKET, BY INDUSTRY

TABLE 20 U.K. INDUSTRIAL SERVICES MARKET, BY REGION

TABLE 21 ASIA-PACIFIC INDUSTRIAL SERVICES MARKET, BY TYPE

TABLE 22 ASIA-PACIFIC INDUSTRIAL SERVICES MARKET, BY APPLICATIONS

TABLE 23 ASIA-PACIFIC INDUSTRIAL SERVICES MARKET, BY INDUSTRY

TABLE 24 ASIA-PACIFIC INDUSTRIAL SERVICES MARKET, BY REGION

TABLE 25 REST OF WORLD INDUSTRIAL SERVICES MARKET, BY TYPE

TABLE 26 REST OF WORLD INDUSTRIAL SERVICES MARKET, BY APPLICATIONS

TABLE 27 REST OF WORLD INDUSTRIAL SERVICES MARKET, BY INDUSTRY

TABLE 28 REST OF WORLD INDUSTRIAL SERVICES MARKET, BY REGION
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 INDUSTRIAL SERVICES MARKET: BY TYPE (%)

FIGURE 3 INDUSTRIAL SERVICES MARKET: BY APPLICATIONS (%)

FIGURE 4 INDUSTRIAL SERVICES MARKET: BY INDUSTRY (%)

FIGURE 5 INDUSTRIAL SERVICES MARKET: BY REGION (%)

FIGURE 6 NORTH AMERICA INDUSTRIAL SERVICES MARKET, BY TYPE (%)

FIGURE 7 NORTH AMERICA INDUSTRIAL SERVICES MARKET, BY APPLICATIONS (%)

FIGURE 8 NORTH AMERICA INDUSTRIAL SERVICES MARKET, BY INDUSTRY (%)

FIGURE 9 NORTH AMERICA INDUSTRIAL SERVICES MARKET, BY REGION (%)

FIGURE 10 EUROPE INDUSTRIAL SERVICES MARKET, BY TYPE (%)

FIGURE 11 EUROPE INDUSTRIAL SERVICES MARKET, BY APPLICATIONS (%)

FIGURE 12 EUROPE INDUSTRIAL SERVICES MARKET, BY INDUSTRY (%)

FIGURE 13 EUROPE INDUSTRIAL SERVICES MARKET, BY REGION (%)

FIGURE 14 ASIA-PACIFIC INDUSTRIAL SERVICES MARKET, BY TYPE (%)

FIGURE 15 ASIA-PACIFIC INDUSTRIAL SERVICES MARKET, BY APPLICATIONS (%)

FIGURE 16 ASIA-PACIFIC INDUSTRIAL SERVICES MARKET, BY INDUSTRY (%)

FIGURE 17 ASIA-PACIFIC INDUSTRIAL SERVICES MARKET, BY REGION (%)

FIGURE 18 ROW INDUSTRIAL SERVICES MARKET, BY TYPE (%)

FIGURE 19 ROW INDUSTRIAL SERVICES MARKET, BY APPLICATIONS (%)

FIGURE 20 ROW INDUSTRIAL SERVICES MARKET, BY INDUSTRY (%)

FIGURE 21 ROW INDUSTRIAL SERVICES MARKET, BY REGION (%)