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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.
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 –
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.
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).
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.
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.
Technavio also offers customization on reports based on specific client requirement.
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