Global industrial services market Is Thriving Worldwide by 2026 | Metso, Siemens

Posted by Onkar Nimbalkar on February 4th, 2020

Data Bridge Market Research has recently added a concise research on Global industrial services market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Metso Corporation, Siemens, John Wood Group PLC, Honeywell International Inc, ABB, Emerson Electric Co., Rockwell Automation, Inc., Samson AG, Schneider Electric

Definition:

Industrial Services are the services that companies provide for the industries as needed. This contains installation and commissioning, engineering and consulting services as well as operational improvement and maintenance. These types of services are traded between organizations for further facilitation of final goods or services.

Analysis of Global industrial services market report:

Global industrial services market is expected to register a substantial CAGR of 6.10% in the forecast period of 2019-2026.The rise in the market value can be attributed to the expansion of industrial automation and related services. Moreover, the increasing demands for predictive maintenance services and increasing equipment complexity.

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Market Drivers:

•          Rise in demand for predictive maintenance services is driving this market
•          Rise in increasing equipment complexity is helping in the growth of this market
•          The deployment of strategies like service contracts and agreements, product developments and expansions are fueling to market growth
•          The impact of fluctuating oil prices has increased the demand for industrial services which is driving this market

Market Restraints:

•          Varying compliances across regions is affecting the growth of market
•          Less number of skilled personnel hinders the growth of the market

Top Manufacturers Profiles Operating in the Global industrial services market:

Few of the major competitors currently working in the global industrial services market are GENERAL ELECTRIC, Metso Corporation, Siemens, John Wood Group PLC, Honeywell International Inc, ABB, Emerson Electric Co., Rockwell Automation, Inc., Samson AG, Schneider Electric, ATS Automation Tooling Systems Inc., INTECH Process Automation Inc, SKF, Dynamysk Automation Ltd., Wunderlich-Malec Engineering, Inc., Yaskawa America, Inc., Fuji Electric Co., Ltd., ICONICS, Inc., Mitsubishi Electric Corporation and others.

Global industrial services market Segmentation:

By Type

•          Engineering and Consulting
•          Installation and Commissioning
•          Operational Improvement and Maintenance

By Application

•          Distributed Control System (DCS)
•          Programmable Logic Controller (PLC)
•          Supervisory Control and Data Acquisition (SCADA)
•          Electric Motors and Drives
•          Valves and Actuators
•          Human Machine Interface (HMI)
•          Manufacturing Execution System (MES)
•          Safety Systems

By Industry

•          Oil & Gas
•          Chemicals
•          Automotive
•          Pharmaceuticals
•          Metals & Mining
•          Food & Beverages
•          Energy & Power
•          Aerospace & Defence
•          Others (Pulp & Paper, Marine, Telecom, and Transportation )

By Geography

•          North America
•          South America
•          Europe
•          Asia Pacific
•          Middle-east and africa

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Research Methodology

Part 04: Global industrial services market Landscape

•          Market Ecosystem
•          Market Characteristics
•          Market Segmentation Analysis

Part 05: Market Sizing

•          Market Definition
•          Market Sizing 2019
•          Market Size And Forecast 2019-2026

Part 06: Customer Landscape

Part 07: Global industrial services market Regional Landscape

•          Geographical Segmentation
•          Regional Comparison
•          Americas – Market Size And Forecast 2019-2026
•          EMEA – Market Size And Forecast 2019-2026
•          APAC – Market Size And Forecast 2019-2026

Part 08: Decision Framework

Part 09: Drivers And Challenges

•          Market Drivers
•          Market Challenges

Part 10: Global industrial services market Trends

Part 11: Vendor Landscape

•          Overview
•          Landscape Disruption
•          Vendors Covered
•          Vendor Classification
•          Market Positioning Of Vendors

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Competitive Landscape:

Global industrial services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial services market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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