Market outlook of automation aftermarket services and outsourcing in APAC
Automation of plant facilities and machinery using control and monitoring products is employed by end-user industries such as automotive, oil and gas, power, chemical, food and beverages, to increase their productivity and efficiency. These industries procure automation solutions and get aftermarket support from a single source vendor utilize outsourcing services based on their requirements and budgetary allocations. Technavio’s market research analyst estimates the automation aftermarket services and outsourcing market in APAC to witness a steady growth at a rate of around 12% during the forecast period. The increasing need to meet regulatory compliances in various industries is driving the growth of this market.
Competitive landscape and key vendors
The automation aftermarket services and outsourcing market is highly competitive with a large number of suppliers. The competition in this market is projected to intensify further due to the increase in R&D and mergers during the forecast period.
The leading vendors in the market are –
- ABB
- Honeywell
- Rockwell Automation
- Siemens
Other vendors in the market include Applied Material, Apriso, Aspen, Camstar, Control Systems, Emerson Electric, Eyelite, GE, Invensys, Metso, Miracom, Mitsubishi, Omron, SAP, Schneider, Toshiba, Werum Software, Wood Group Mustang, and Yokogawa.
Segmentation by service type and analysis of the automation aftermarket services and outsourcing
The outsourcing segment accounts for the majority of the market share as SMEs have a limited budget and prefer outsourcing to service providers to curtail operational expenditure (OPEX). The outsourcing segment is further classified into consulting, project engineering, system integration, and operations and maintenance (O&M).
Segmentation by end user and analysis of the automation aftermarket services and outsourcing market
- Automotive
- Power
- Food and Beverage
- Pharmaceutical
- Oil and Gas
- Chemical
The automotive industry accounted for the largest market share during 2014 but is predicted to witness a decline in share during the forecast period. The major automotive manufacturing countries like China and Japan are expected to observe maximum demand between 2015 and 2019.
Growth drivers, challenges, and upcoming trends: Popularity of MAC concept
Upcoming trends like the main automation contractor (MAC) concept has encouraged automation vendors to become one-stop solution providers for the end user needs. The highly complex nature of automation has made it difficult for the end users to access and plan automation. Using MAC involves less planning and implementation time and standardization across various projects.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the automation aftermarket services and outsourcing market in APAC. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving automation aftermarket services and outsourcing market?
- What are the key market trends impacting the growth of the automation aftermarket services and outsourcing market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the automation aftermarket services and outsourcing market in APAC?
- What are the key outcomes of the five forces analysis of the automation aftermarket services and outsourcing market?
Technavio also offers customization on reports based on specific client requirement.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation by service type
- Automation aftermarket services and outsourcing market in APAC by service type
PART 08: Market segmentation by end user
- Automation aftermarket services and outsourcing market in APAC by end-users
- Automation aftermarket services and outsourcing market in APAC in automotive industry
- Automation aftermarket services and outsourcing market in APAC in power industry
- Automation aftermarket services and outsourcing market in APAC in F&B industry
- Automation aftermarket services and outsourcing market in APAC in pharmaceutical industry
- Automation aftermarket services and outsourcing market in APAC in oil and gas industry
- Automation aftermarket services and outsourcing market in APAC in chemical industry
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 15: Key vendor analysis
- ABB
- Honeywell International
- Rockwell Automation
- Siemens
PART 16: Appendix
PART 17: Explore Technavio