Industrial Services Market - Global Forecast to 2023

  • ID: 4332923
  • Report
  • Region: Global
  • 162 Pages
  • Markets and Markets
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The Industrial Services Market is Expected to be Valued at USD 35.41 Billion by 2023, Growing at a CAGR of 5.4%

FEATURED COMPANIES

  • ABB
  • Dynamysk Automation Ltd
  • General Electric
  • Key Innovators
  • Prime Controls LP
  • Samson AG
  • MORE

The industrial services market is expected to grow at a CAGR of 5.4% between 2017 and 2023 and would be worth USD 35.41 billion by 2023. The key factors driving the growth of the industrial services market are the development strategies, such as service contracts and service agreements, product developments, partnerships, and expansions, implemented by the players operating in the industrial services; growing demand for operational excellence; increasing demand for maintenance as a service; and increasing equipment complexity. However, the major restraining factors for the growth of this market are varying compliances across regions and lack of skilled personnel.

The operational improvement and maintenance services is expected to hold the largest share in the overall industrial services market. The growing need for operational excellence has driven the use of ad-hoc and emergency maintenance. 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 reduced oil prices has created a demand for industrial services. There is a need for operational efficiency in the oil & gas industry. Modern services such as remote monitoring and predictive maintenance can reduce the unexpected downtime. Owing to these factors, the oil & gas industry is expected to hold the largest share of the overall industrial services market.

Moreover, the industrial services market for the automotive industry is expected to grow at the highest CAGR during the forecast period. In the automotive industry, there are processes such as welding, cleaning, and assembly, which are time-consuming and hence need to be automated. The use of micro PLC helps in monitoring the production processes, thereby reducing the time required for production and resulting in increased efficiency. The growing demand for micro and nano PLCs in the automotive industry is driving the growth of the industrial services market.

With the growing trend of cloud connectivity in the APAC, industries would adopt Industrial Internet of Things (IIoT)-based remote monitoring and predictive maintenance services in this region. Adoption of these services would help the APAC region to grow at the fastest rate during the forecast period. The emerging economies such as China and India are supporting the growth of the industrial services market. The governments of these countries are encouraging investments from foreign players in the process and discrete industries.

The Break-Up of the Profiles of Primary Participants for the Report has Been Given Below:

  • By Company: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
  • By Designation: C-Level Executives - 40%  and Managers - 60%
  • By Region: Americas - 30%, Europe - 20%, APAC - 35%, and RoW - 15%.

The key players operating in the industrial services market are ABB (Switzerland), Emerson Electric (US), General Electric (US), Honeywell International Inc. (US), and Rockwell Automation (US), Schneider Electric (France), Voith (Germany), Wood Group Mustang (US), Yaskawa (Japan), Mitsubishi Electric (Japan), and SKF AB (Sweden), ATS Automation (Canada), Dynamysk Automation Ltd (Canada), and INTECH Process Automation (US), Danfoss (Denmark), Fuji Electric (Japan), Iconics (US), Metso Corporation (Sweden), Samson AG (Germany), Prime Controls LP (US), Tesco Controls Inc. (US), Velan Inc. (Canada), WEG (Brazil), Wunderlich-Malec Engineering (US), and Samson AG (Germany).

Research Coverage:

The research report on the industrial services market is segmented on the basis of type, application, industry, and geography. The market has been segmented based on type into engineering and consulting, installation and commissioning, and operational improvement and maintenance services. Based on applications, the industrial services market has been classified into PLC, SCADA, HMI, DCS, MES, electric motors and drives, valves and actuators, and safety systems. The market has been segmented based on industry into chemicals, pharmaceuticals, oil & gas, automotive, aerospace & defense, water & wastewater, metals & mining, food & beverage, and energy & power.

Key Benefits of Buying the Report:

  • Illustrative segmentation, analysis, and forecast for the market based on type, application, industry, and geography have been conducted to present an overall view of the industrial services market.
  • The value chain analysis is provided, which offers an in-depth insight into the industrial services market.
  • The major drivers, restraints, opportunities, and challenges for the industrial services market have been detailed in this report.
  • The report includes a detailed competitive landscape, in-depth DIVE analysis, and revenue of the key players.
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FEATURED COMPANIES

  • ABB
  • Dynamysk Automation Ltd
  • General Electric
  • Key Innovators
  • Prime Controls LP
  • Samson AG
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Secondary and Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.3 Market Share Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Overall Market
4.2 Market, By Type
4.3 Industrial Service Market, By Application and Type
4.4 Geographic Analysis of Industrial Services Market
4.5 Market in APAC, By Country
4.6 Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Need for Operational Excellence
5.2.1.2 Increasing Demand for Maintenance as A Service
5.2.1.3 Increasing Equipment Complexity
5.2.2 Restraints
5.2.2.1 Varying Compliances Across Regions
5.2.2.2 Lack of Skilled Personnel
5.2.3 Opportunities
5.2.3.1 Predictive Maintenance Services
5.2.3.2 Collaboration of Industrial Services Providers With OEMS
5.2.4 Challenge
5.2.4.1 Demand for Integration of Services
5.3 Value Chain Analysis

6 Industrial Services Market, By Type
6.1 Introduction
6.2 Engineering & Consulting
6.2.1 System Configuration
6.2.2 Compliances
6.2.3 Infrastructure Audit
6.3 Installation & Commissioning
6.3.1 Training
6.3.2 Testing & Certification
6.4 Operational Improvement & Maintenance
6.4.1 Ad-Hoc and Emergency Maintenance
6.4.2 Scheduled Maintenance
6.4.3 Mechanical
6.4.4 Predictive Maintenance

7 Industrial Services Market, By Application
7.1 Introduction
7.2 Distributed Control System (DCS)
7.3 Programmable Controller Logic (PLC)
7.4 Supervisory Control and Data Acquisition (SCADA)
7.5 Electric Motors & Drives
7.6 Valves & Actuators
7.7 Human-Machine Interface (HMI)
7.8 Manufacturing Execution System (MES)
7.9 Safety Systems
7.9.1 Burner Management System (BMS)
7.9.2 Emergency Shutdown System (ESD)
7.9.3 Fire & Gas Monitoring & Control
7.9.4 High-Integrity Pressure Protection Systems (HIPPS)
7.9.5 Turbomachinery Control (TMC)

8 Industrial Services Market, By Industry
8.1 Introduction
8.2 Oil and Gas
8.3 Chemicals
8.4 Automotive
8.5 Pharmaceuticals
8.6 Metals & Mining
8.7 Food & Beverages
8.8 Energy & Power
8.9 Aerospace & Defense
8.10 Water and Wastewater
8.11 Others

9 Geographic Analysis
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.2 India
9.2.3 Japan
9.2.4 Rest of APAC
9.3 Americas
9.3.1 North America
9.3.1.1 US
9.3.1.2 Canada
9.3.1.3 Mexico
9.3.2 South America
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Rest of Europe
9.5 Rest of the World (RoW)
9.5.1 Middle East
9.5.2 Africa

10 Competitive Landscape
10.1 Introduction
10.2 Market Rank Analysis
10.3 Competitive Scenario
10.4 Industrial Services Market(Global): Competitive Leadership Mapping,2017
10.4.1 Visionary Leaders
10.4.2 Dynamic Differentiators
10.4.3 Innovators
10.4.4 Emerging Companies
10.5 Business Strategy Excellence
10.6 Strength of Service Portfolio

Top 25 Companies Analyzed for This Study are - ABB, ATS Automation, Danfoss, Dynamysk Automation Ltd., Emerson Electric, Fuji Electric, General Electric, Honeywell International Inc., Iconics, Intech Process Automation, Metso Corporation, Mitsubishi Electric, Prime Controls LP, Rockwell Automation, Samson Ag, Schneider Electric, Siemens Ag, SKF AB, Tesco Controls Inc., Velan Inc., Voith, Weg, Wood Group Mustang, Wunderlich-Malec Engineering, Yaskawa

11 Company Profiles
(Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
11.1 Introduction
11.2 ABB
11.3 Emerson Electric
11.4 General Electric
11.5 Honeywell International Inc.
11.6 Metso Corporation
11.7 Rockwell Automation
11.8 Samson AG
11.9 Schneider Electric
11.10 Siemens AG
11.11 SKF AB
11.12 Wood Group Mustang
11.13 Key Innovators
11.13.1 ATS Automation
11.13.2 Dynamysk Automation Ltd
11.13.3 Intech Process Automation
11.13.4 Prime Controls LP
11.13.5 Wunderlich-Malec Engineering

*Details on Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide

List of Tables

Table 1 Market, By Type, 2014-2023 (USD Billion)
Table 2 Market for Engineering & Consulting, By Application, 2014-2023 (USD Million)
Table 3 Market for Engineering & Consulting Services, By Industry, 2014-2023 (USD Million)
Table 4 Industrial Services Market for Installation & Commissioning Services, By Application, 2014-2023 (USD Million)
Table 5 Market for Installation & Commissioning Services, By Industry, 2014-2023 (USD Million)
Table 6 Market for Operational Improvement & Maintenance Services, By Application, 2014-2023 (USD Million)
Table 7 Industrial Services Market for Operational Improvement & Maintenance Services, By Industry, 2014-2023 (USD Million)
Table 8 Market, By Application, 2014-2023 (USD Billion)
Table 9 Market for DCS, By Type, 2014-2023 (USD Million)
Table 10 Market for DCS, By Industry, 2014-2023 (USD Million)
Table 11 Industrial Services Market for DCS, By Region, 2014-2023 (USD Million)
Table 12 Market for PLC, By Type, 2014-2023 (USD Million)
Table 13 Market for PLC, By Industry, 2014-2023 (USD Million)
Table 14 Industrial Services Market for PLC, By Region, 2014-2023, (USD Million)
Table 15 Market for SCADA, By Type, 2014-2023 (USD Million)
Table 16 Market for SCADA, By Industry, 2014-2023 (USD Million)
Table 17 Industrial Services Market for SCADA, By Region, 2014-2023, (USD Million)
Table 18 Market for Electric Motors & Drives, By Type, 2014-2023 (USD Million)
Table 19 Market for Electric Motors & Drives, By Industry, 2014-2023 (USD Million)
Table 20 Industrial Services Market for Electric Motors & Drives, By Region, 2014-2023 (USD Million)
Table 21 Market for Valves & Actuators, By Type, 2014-2023 (USD Million)
Table 22 Market for Valves & Actuators, By Industry, 2014-2023 (USD Million)
Table 23 Industrial Services Market for Valves & Actuators, By Region, 2014-2023 (USD Million)
Table 24 Market for HMI, By Service Type, 2014-2023 (USD Million)
Table 25 Market for HMI, By Industry, 2014-2023 (USD Million)
Table 26 Market for HMI, By Region, 2014-2023 (USD Million)
Table 27 Industrial Services Market for MES, By Type, 2014-2023 (USD Million)
Table 28 Market for MES, By Industry, 2014-2023 (USD Million)
Table 29 Market for MES, By Region, 2014-2023 (USD Million)
Table 30 Industrial Market for Safety Systems, By Type, 2014-2023 (USD Million)
Table 31 Market for Safety Systems, By Industry, 2014-2023 (USD Million)
Table 32 Services Market for Safety Systems, By Region, 2014-2023 (USD Million)
Table 33 Market, By Industry, 2014-2023 (USD Billion)
Table 34 Market for Oil & Gas, By Type, 2014-2023 (USD Million)
Table 35 Market for Oil & Gas, By Application, 2014-2023 (USD Million)
Table 36 Industrial Services Market for Oil & Gas, By Region, 2014-2023 (USD Million)
Table 37 Market for Chemicals, By Type, 2014-2023 (USD Million)
Table 38 Industrial Market for Chemicals, By Application, 2014-2023 (USD Million)
Table 39 Market for Chemicals, By Region, 2014-2023 (USD Million)
Table 40 Industrial Market for Automotive, By Type, 2014-2023 (USD Million)
Table 41 Market for Automotive, By Application, 2014-2023 (USD Million)
Table 42 Industrial Market for Automotive, By Region, 2014-2023 (USD Million)
Table 43 Market for Pharmaceuticals, By Type, 2014-2023 (USD Million)
Table 44 Market for Pharmaceuticals, By Application, 2014-2023 (USD Million)
Table 45 Market for Pharmaceuticals, By Region, 2014-2023 (USD Million)
Table 46 Industrial Market for Metals & Mining, By Type, 2014-2023 (USD Million)
Table 47 Industrial Service Market for Metals & Mining, By Application, 2014-2023 (USD Million)
Table 48 Market for Metals & Mining, By Region, 2014-2023 (USD Million)
Table 49 Market for Food & Beverages, By Type, 2014-2023 (USD Million)
Table 50 Market for Food & Beverages, By Application, 2014-2023 (USD Million)
Table 51 Market for Food & Beverages, By Region, 2014-2023 (USD Million)
Table 52 Market for Energy & Power, By Type, 2014-2023 (USD Million)
Table 53 Market for Energy & Power, By Application, 2014-2023 (USD Million)
Table 54 Industrial Services Market for Energy & Power, By Region, 2014-2023 (USD Million)
Table 55 Market for Aerospace & Defense, By Type, 2014-2023 (USD Million)
Table 56 Market for Aerospace & Defense, By Application, 2014-2023 (USD Million)
Table 57 Market for Aerospace & Defense, By Region, 2014-2023 (USD Million)
Table 58 Market for Water & Wastewater, By Type, 2014-2023 (USD Million)
Table 59 Industrial Services Market for Water & Wastewater, By Application, 2014-2023 (USD Million)
Table 60 Market for Water & Wastewater, By Region, 2014-2023 (USD Million)
Table 61 Market, By Region, 2014-2023 (USD Billion)
Table 62 Market in APAC, By Country, 2014-2023 (USD Million)
Table 63 Market in Americas, By Country, 2014-2023 (USD Million)
Table 64 Market in Europe, By Country, 2014-2023 (USD Million)
Table 65 Industrial Services Market in RoW, By Region, 2014-2023 (USD Million)
Table 66 Top 5 Players in the Industrial Services Market, 2016

List of Figures

Figure 1 Industrial Services Market Segmentation
Figure 2 Industrial Services Market: Research Design
Figure 3 Research Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Electric Motors & Drives to Hold Largest Share in Market During Forecast Period
Figure 9 Operational Improvement & Maintenance Service to Hold the Largest Market Share During Forecast Period
Figure 10 Safety Systems Expected to Be Fastest Growing Application in Market During Forecast Period
Figure 11 APAC to Be the Fastest-Growing Market for Industrial Services During Forecast Period
Figure 12 Demand for Operational Excellence to Drive Growth of Market
Figure 13 Operational Improvement & Maintenance Services to Lead Industrial Market During Forecast Period
Figure 14 Electric Motors & Drives and Operational Improvement & Maintenance Expected to Hold Largest Share of Industrial Services Market By 2023
Figure 15 APAC Expected to Witness Highest CAGR in Industrial Market By 2023
Figure 16 Services Market in Japan is Expected to Grow at Highest CAGR During Forecast Period
Figure 17 Electric Motors & Drives Expected to Hold Largest Share in Services Market During the Forecast Period
Figure 18 Value Chain Analysis of Services Market
Figure 19 Industrial Services Market, By Type
Figure 20 Operational Improvement & Maintenance Services Expected to Grow at Highest CAGR During Forecast Period
Figure 21 Safety Systems in Engineering & Consulting Services Expected to Grow at Highest CAGR During Forecast Period
Figure 22 Safety Systems in Installation & Commissioning Services Expected to Grow at Highest CAGR During Forecast Period
Figure 23 MES in Operational Improvement & Maintenance Services Expected to Grow at Highest CAGR During Forecast Period
Figure 24 Safety Systems Expected to Grow at Highest CAGR During Forecast Period
Figure 25 Automotive Industry Expected to Grow at Highest CAGR in Market for DCS During Forecast Period
Figure 26 Automotive Industry Expected to Grow at Highest CAGR in Services Market for PLC During Forecast Period
Figure 27 Water & Wastewater Industry Expected to Grow at Highest CAGR in Industrial Services Market for SCADA During Forecast Period
Figure 28 Automotive Industry Expected to Grow at Highest CAGR in Services Market for Electric Motors & Drives During Forecast Period
Figure 29 Food & Beverages Industry Expected to Grow at Highest CAGR in Services Market for Valves & Actuators During Forecast Period
Figure 30 Automotive Industry Expected to Grow at Highest CAGR in Industrial Services Market for HMI During Forecast Period
Figure 31 Automotive Industry Expected to Grow at Highest CAGR in Services Market for MES During Forecast Period
Figure 32 for Automotive Industry Expected to Grow at Highest CAGR in Services Market for Safety Systems During the Forecast Period
Figure 33 Industrial Services Market, By Industry
Figure 34 Market for Automotive Industry Expected to Grow at Highest CAGR During Forecast Period
Figure 35 APAC Expected to Grow at Highest CAGR in Services Market for Automotive Industry During Forecast Period
Figure 36 APAC to Be the Fastest-Growing Region in Services Market for Metals & Mining Industry During Forecast Period
Figure 37 APAC to Be the Fastest-Growing Region in Industrial Services Market for Energy & Power Industry During Forecast Period
Figure 38 Americas to Be the Fastest-Growing Region in Market for Aerospace & Defense Industry During Forecast Period
Figure 39 Industrial Services Market: By Geography
Figure 40 Snapshot of Services Market in APAC
Figure 41 Snapshot of Industrial Services Market in Americas
Figure 42 Snapshot of Services Market in Europe
Figure 43 Snapshot of Industrial Services Market in RoW
Figure 44 Companies Adopted Service Contract and Service Agreement as Key Growth Strategy Between July 2014 and April 2017
Figure 45 Industrial Market Evaluation Framework
Figure 46 Battle for the Market Share
Figure 47 Competitive Leadership Mapping
Figure 48 ABB: Company Snapshot
Figure 49 Emerson Electric: Company Snapshot
Figure 50 General Electric: Company Snapshot
Figure 51 Honeywell International Inc.: Company Snapshot
Figure 52 Metso Corporation: Company Snapshot
Figure 53 Rockwell Automation: Company Snapshot
Figure 54 Schneider Electric: Company Snapshot
Figure 55 Siemens AG: Company Snapshot
Figure 56 SKF AB: Company Snapshot
Figure 57 Wood Group Mustang: Company Snapshot

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  • ABB
  • Emerson Electric
  • General Electric
  • Honeywell International Inc.
  • Metso Corporation
  • Rockwell Automation
  • Samson AG
  • Schneider Electric
  • Siemens AG
  • SKF AB
  • Wood Group Mustang
  • Key Innovators
  • ATS Automation
  • Dynamysk Automation Ltd
  • Intech Process Automation
  • Prime Controls LP
  • Wunderlich-Malec Engineering
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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