The global industrial automation services market size reached US$ 216.6 billion in 2023. The market is projected to reach US$ 434.9 billion by 2032, exhibiting a growth rate (CAGR) of 8.1% during 2023-2032.
Industrial automation services use control systems like robots or computers and information technology to handle different processes and operate machinery. These services control and regulate processes such as designing, installation, maintenance and support. Industrial automation services can manage a large amount of unstructured data more efficiently than manual handling. Automation ensures fast production, reduces costs, checks product quality, standardizes manufacturing, minimizes waste and supervises production in manufacturing plants. It also offers various benefits like improved accuracy, lowered labor cost, flexibility, high speed and quiet operations.
Industrial automation services use control systems like robots or computers and information technology to handle different processes and operate machinery. These services control and regulate processes such as designing, installation, maintenance and support. Industrial automation services can manage a large amount of unstructured data more efficiently than manual handling. Automation ensures fast production, reduces costs, checks product quality, standardizes manufacturing, minimizes waste and supervises production in manufacturing plants. It also offers various benefits like improved accuracy, lowered labor cost, flexibility, high speed and quiet operations.
Industrial Automation Services Market Trends
Numerous organizations are opting for automation services as they reduce the dependency on manual labor and ensure a faster pace for mass production. Moreover, the use of industrial automation services enhances the speed of production processes. As a result, it reduces the consumption of electricity and other resources, thereby making the manufacturing process less expensive. Another major growth-inducing factor for the market is the consistent demand for efficient automated systems. In line with this, several companies are investing to facilitate research and developmental activities for these services. Apart from this, due to a significant increase in industrialization and urbanization, the need to automate repetitive tasks and streamline the business process has also been increasing across different industries.Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global industrial automation services market report, along with forecasts at the global and regional level from 2023-2032. The report has categorized the market based on type of service, product type and end-user.Breakup by Type of Service:
- Project Engineering and Installation
- Maintenance and Support Services
- Consulting Services
- Operational Services
Breakup by Product Type:
- DCS
- SCADA
- PLC
- MES
- Others
Breakup by End User:
- Discrete Industries
- Process Industries
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Middle East and Africa
- Latin America
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being Siemens AG, Honeywell International Inc., General Electric Company, Mitsubishi Electric, Rockwell Automation, Johnson Controls Inc., Schneider Electric, Yokogawa Electric Corporation, OMRON Corporation, Danaher Corporation, etc.Key Questions Answered in This Report:
- How has the global industrial automation services market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global industrial automation services industry?
- What are the key regional markets in the global industrial automation services industry?
- What is the breakup of the market based on the type of service?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the global industrial automation services industry?
- What are the key driving factors and challenges in the global industrial automation services industry?
- What is the structure of the global industrial automation services industry and who are the key players?
- What is the degree of competition in the global industrial automation services industry?
- What are the profit margins in the global industrial automation services industry?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Industrial Automation Services Market
6 Market Breakup by Type of Service
7 Market Breakup by Product Type
8 Market Breakup by End-User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Siemens AG
- Honeywell International Inc.
- General Electric Company
- Mitsubishi Electric
- Rockwell Automation
- Johnson Controls Inc.
- Schneider Electric
- Yokogawa Electric Corporation
- OMRON Corporation and Danaher Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 216.6 Billion |
| Forecasted Market Value ( USD | $ 434.9 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
