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Industrial Automation Services Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Mar 2023
  • Pages: 184
  • SKU: IRTNTR40067
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Industrial Automation Services market growth will increase by $74.36 billion during 2023-2027.
The industrial automation services market is expected to grow at a CAGR of 17.66% during 2023-2027.
Technavio has segmented the industrial automation services market by type (PE, Maintenance and support, OS, and Consulting) ,end-user (Discrete industries, Process industries, Operational services, and Consulting) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Endress Hauser Group Services AG, Epicor Software Corp., Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Infineon Technologies AG, Keyence Corp., OMRON Corp., R and L Engineering Inc., Rockwell Automation Inc., SARO Automation, Schneider Electric SE, Siemens AG, The EPIC Systems Group LLC, Yokogawa Electric Corp. are a few of the key vendors in the industrial automation services market.
APAC will register the highest growth rate of 55.63% among the other regions. Therefore, the industrial automation services market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the industrial automation services market growth are:
  • Growing need for main automation contractor
  • Value chain integration by automation solution providers
The industrial automation services market vendors should focus on grabbing business opportunities from the PE segment as it accounted for the largest market share in the base year.
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