Automation Aftermarket Services and Outsourcing Market in APAC 2015-2019
| Published: Sep 2015 | Pages: 63 | SKU: IRTNTR7037 |
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
- Outsourcing
- Aftermarket
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?
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Related reports
- Highlights
- Market overview
- Top-vendor offerings
- Research methodology
- Economic indicators
- Key market highlights
- Market size and forecast
- Automation aftermarket services and outsourcing market in APAC by service type
- 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
- Competitive scenario
- Other prominent vendors
- ABB
- Honeywell International
- Rockwell Automation
- Siemens
- List of abbreviation
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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