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Industrial Automation Services Market by Service, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40067
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Industrial Automation Services Market Size Industrial Automation Services Market - 2021-2025

The industrial automation services market size is expected to reach a value of USD 45.32 billion, at a CAGR of 15.40%, during 2021-2025. This research study helps in a deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as growing need for a main automation contractor are projected to significantly support market growth during the forecast period. Our research experts have thoroughly evaluated and covered the latest trends and challenges that will have a far-reaching effect on the market growth.

Industrial Automation Services Market Market segmentation by region

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Industrial Automation Services Market Segmentation Industrial Automation Services Market Segments

From this Technavio report, get actionable insights on the industrial automation services market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentation by end-user (discrete industries and process industries), service (project engineering, maintenance and support, operational services, and consulting), and geography (APAC, North America, Europe, MEA, and South America) in this industrial automation services market report to pursue growth opportunities.

Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. This research report entails a thorough qualitative and quantitative analysis on the post-pandemic industrial automation services market predictions on consumer demand changes for 2021-2025.

Industrial Automation Services Market Key Vendors and Competitive Analysis

Technavio research specialists have included significant well-thought-out business planning approaches of key players in this report. The industrial automation services market is fragmented and the vendors are deploying various organic and inorganic growth strategies to gain a competitive advantage.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Get the full report to understand the COVID-19 impact on the growth of the industrial automation services market share during 2021-2025.

The industrial automation services market forecast report comprises complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Industrial Automation Services Market Vendors

Regional Opportunities in Industrial Automation Services Market - 2021-2025

55% of the industrial automation services market growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial automation services in APAC. This report encompasses exclusive information on potential business locations and understand the demographics of current and prospective customers.

Industrial Automation Services Market Share by Geography

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APAC has been exhibiting a significant growth rate for industrial automation services market vendors. Factors such as the growing preference for automation software to simplify production processes and to improve operational efficiency, the growth of the automotive industry, and the rising trend of SaaS are accelerating the industrial automation services market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click on the image above.

The industrial automation services market share growth in APAC will be faster than the growth of the market in Europe, MEA, and North America. The geographical segmentation in the report has assessed and included details on the competitive intelligence and regional opportunities in store for vendors.

Industrial Automation Services Market Share and Revenue by End-user

Industrial Automation Services Market Share by End-user

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The industrial automation services market share growth by the discrete industries segment will be significant during the forecast period. The automotive, packaging, and electronics and semiconductor industries are the major end-users of automation services in the discrete industries segment of the market. In discrete industries, the effective deployment of automation control systems enables companies to increase their operational efficiency by enhancing their production processes. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial automation services market size.

From the industrial automation services market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

 Key Industrial Automation Services Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding industrial automation services market growth is interoperability issues. In this research report, our analysts have elucidated exhaustive all key industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The growing need for a main automation contractor (MAC) will be a significant factor driving the growth of the industrial automation services market. The increasing complexity of automation solutions has driven end-users to increasingly opt for different automation control vendors with expertise in a particular field. However, the need for simultaneous devising and planning of multiple projects makes strategizing automation plans difficult for end-users. This has given rise to the concept of MAC that enables the smooth deployment of automation control systems. The MAC quickly assesses the requirement of end-users, generates a detailed analysis and evaluation of initial process requirements, formulates front-end design and engineering, and enables the procurement of various automation solution products. Hence, MAC helps in minimizing planning and implementation costs and maintaining standardization across multiple projects. Several liquefied natural gas (LNG) and floating liquefied natural gas (FLNG) projects are already deploying MACs because of the increasing complexity of oil and gas projects. This rising demand for MACs is expected to fuel the growth of the industrial automation services market during the forecast period.

The virtualization of automation control systems will be one of the critical industrial automation services market trends contributing to market growth. The performance and utilization of physical servers are restricted as they can run on only one operating system and application at a time. This increases the overall cost for end-users who require multiple servers to run different applications on operating systems. Hence, end-users are increasingly adopting virtualization, which provides benefits such as optimum resource utilization and operation and power cost savings. Virtual machines allow easy access to physical servers integrated with industrial automation systems at different locations on the plant, thereby reducing the overall cost of servers. The increasing awareness of virtual software and flexibility in operating automation software will further boost the adoption of virtualization in automation control systems.

This industrial automation services market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

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Industrial Automation Services Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial automation services market growth during the next five years
  • Precise estimation of the industrial automation services market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial automation services industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial automation services market vendors

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Industrial Automation Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 15.40%

Market growth 2021-2025

$ 45.32 billion

Market structure

Fragmented

YoY growth (%)

16.03

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 55%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Emerson Electric Co., FANUC Corp., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Discrete industries - Market size and forecast 2020-2025
    • Process industries - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Service

    • Market segments
    • Comparison by Service
    • Project engineering - Market size and forecast 2020-2025
    • Maintenance and support - Market size and forecast 2020-2025
    • Operational services - Market size and forecast 2020-2025
    • Consulting - Market size and forecast 2020-2025
    • Market opportunity by Service

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • ABB Ltd.
      • Emerson Electric Co.
      • FANUC Corp.
      • Honeywell International Inc.
      • Mitsubishi Electric Corp.
      • OMRON Corp.
      • Rockwell Automation Inc.
      • Schneider Electric SE
      • Siemens AG
      • Yokogawa Electric Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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
      Interested in this report?
      Get your sample now!
      Industrial Automation Services market growth will increase by $45.32 billion during 2020-2025.
      The industrial automation services market is expected to grow at a CAGR of 15.4% during 2020-2025.
      Technavio has segmented the industrial automation services market by end user (Discrete industries and Process industries) ,service (Project engineering, Maintenance and support, Operational services, and Consulting) , and geographic (APAC, North America, Europe, MEA, and South America).
      ABB Ltd., Emerson Electric Co., FANUC Corp., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Yokogawa Electric Corp. are a few of the key vendors in the industrial automation services market.
      APAC will register the highest growth rate of 54.88% 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 a main automation contractor
      The industrial automation services market vendors should focus on grabbing business opportunities from the discrete industries segment as it accounted for the largest market share in the base year.
      • 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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      • Parent market analysis
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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