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Global Industrial Actuators Services Market 2018-2022

  • Published: Feb 2018
  • Pages: 80
  • SKU: IRTNTR20118
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The global industrial actuators services market size will grow by USD 1.2 bn by 2022. These global industrial actuators services research report segments the market based on application (retrofit services, commissioning and calibration services, repair, maintenance, and consulting services), end-user (oil and gas industry, chemical and petrochemicals industry, water and wastewater treatment industry, power industry, metals and mining industry, and others), and service providers (OEM service providers and third-party service providers). The report also provides an analysis of the market's growth across geographic regions such as the Americas, APAC, and EMEA.

The infographic below contains key findings from our analysis of the industrial actuators services market

 

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Overview of the global industrial actuators services market

According to Technavio’s market research report, the rising retrofitting activities to modernize existing actuators will be one of the major industrial actuators services market drivers during the forecast period. Our market research analysts predict that this market will post a revenue growth of close to USD 1.2 billion by 2022. The introduction of new valve actuator designs with improved technologies is encouraging end-user industries to switch to advanced actuators. The utilization of advanced actuators offer advantages such as time saving, lesser storage space, and return lower operating costs. Also, end-users increasingly prefer retrofit services in comparison to new installations as they are much easier and less expensive technique to set up new technologies in the industrial operations. This will lead to the growth of the industrial actuators services market till 2022.

The rising preference for maintaining long service contracts for actuators is one of the key industrial actuators services market trends in the coming years. End-users in the market are increasingly switching to long service contracts for any minor component or device. This is mainly due to its assurance of technician availability and the constant flow of revenue. Also, the long-term contracts are likely to offer immediate service and priority-based services that enables cost cutting due to discounts and service without any delay.

Companies covered

Characterized by the presence of several players, the industrial actuators services market appears to be fragmented. This industry research report offers information about the competitive environment among the players in this marketspace and offers an analysis of key companies and their products. Additionally, the report also offers information about key areas the players currently focus on and the strategies they have adopted to sustain the competition in this global market.

This research report provides an analysis of various companies in this market including –

  • Emerson Electric
  • Flowserve
  • Honeywell
  • Rotork
  • Weir

 

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Segmentation by application and analysis of industrial actuators services market

  • Retrofit services
  • Commissioning and calibration services
  • Repair, maintenance, and consulting services

The repair, maintenance, and consulting services accounted for the major share of industrial actuators services market during 2017. Our industry analysis experts predict that this segment will continue to contribute to the maximum growth of the market till the end of the forecast period.

Geographical segmentation and analysis of the industrial actuators services market

  • Americas
  • APAC
  • EMEA

This industrial actuators services market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market throughout the forecast period. Factors such as the emergence of new oil and gas plants and the rising demand for power will drive the market’s growth in the region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2022?
  • What are the key factors driving the global industrial actuators services market?
  • What are the key market trends impacting the growth of the global industrial actuators services market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global industrial actuators services market?
  • What are the market opportunities and threats faced by the vendors in the global industrial actuators services market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global industrial actuators services market?

 

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market definition
  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application
  • Comparison by application
  • Global industrial actuators repair, maintenance, and consulting services market
  • Global industrial actuators commissioning and calibration services market
  • Global industrial actuators retrofit services market
  • Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: MARKET SEGMENTATION BY END-USER

  • Segmentation by end-user
  • Comparison by end-user
  • Global industrial actuators services market by oil and gas industry
  • Global industrial actuators services market by chemical and petrochemical industry
  • Global industrial actuators services market by power industry
  • Global industrial actuators services market by water and wastewater treatment industry
  • Global industrial actuators services market by metal and mining industry
  • Global industrial actuators services market by others
  • Market opportunity by end-user

PART 10: MARKET SEGMENTATION BY SERVICE PROVIDERS

  • Global industrial actuators service market by OEM service providers
  • Global industrial actuators service market by third-party service providers

PART 11: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Industrial actuators services market in EMEA
  • Industrial actuators services market in APAC
  • Industrial actuators services market in Americas
  • Market opportunity

PART 12: DECISION FRAMEWORK

PART 13: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 14: MARKET TRENDS

  • Maintaining long service contracts for actuators
  • Evolution in automation industry
  • Emergence of spare parts and services businesses for industrial components

PART 15: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 16: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Emerson Electric
  • Flowserve
  • Honeywell
  • Rotork
  • Weir

PART 17: APPENDIX

  • List of abbreviations

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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