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The maintenance repair operations (MRO) market for automation solutions size is forecast to increase by USD 60.91 billion, at a CAGR of 9.8% between 2024 and 2029. The market is experiencing significant growth, driven by the increasing trend towards outsourcing of maintenance operations.
The MRO market for automation solutions continues to evolve, driven by the ever-increasing demand for data-driven maintenance strategies and the integration of advanced technologies. Entities in various sectors strive to ensure data security and minimize downtime by implementing solutions that seamlessly integrate maintenance execution, data analytics, lifecycle cost analysis, preventive maintenance, maintenance scheduling, maintenance strategies, work order management, API integrations, and SCADA systems. Smart sensors, industrial ethernet, and wireless sensors enable real-time monitoring, while machine learning and oil analysis facilitate predictive maintenance and root cause analysis. Human-machine interfaces (HMIs) and virtual reality (VR) enhance maintenance planning and training, while control systems and computer vision optimize maintenance processes.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Cloud computing and edge computing facilitate data storage and access, while big data and IoT sensors provide valuable insights for maintenance optimization and condition-based maintenance. Reliability-centered maintenance, digital twins, deep learning, and AI algorithms further enhance maintenance capabilities. The ongoing unfolding of market activities reveals the integration of 5G connectivity, thermal imaging, augmented reality (AR), and corrective maintenance into the MRO landscape. Spare parts management, inventory management, and supply chain optimization are also essential components of comprehensive maintenance solutions. Maintenance planning, maintenance scheduling, and maintenance strategies are continually refined to maximize efficiency and minimize costs. Remote monitoring and API integrations ensure seamless communication between systems, enabling proactive maintenance and reducing downtime. The discrete industries segment is the second largest segment of the end-user and was valued at USD 40.40 billion in 2023.
Data security remains a critical concern, with entities implementing robust security measures to protect sensitive information and maintain compliance with industry regulations. The continuous dynamism of the MRO market for automation solutions underscores the importance of staying informed and adaptable to emerging trends and technologies.
Companies are recognizing the benefits of partnering with specialized MRO providers to optimize their maintenance processes and reduce operational costs. Another key trend is the adoption of advanced analytics for predictive maintenance, which enables organizations to proactively address equipment failures and minimize downtime. However, the US-China trade war poses a significant challenge for the market, as tariffs on imported components and raw materials can increase costs for MRO providers and their clients.
To capitalize on opportunities and navigate challenges effectively, companies must stay informed of industry trends and adapt to the evolving regulatory landscape. By investing in innovative automation solutions and strategic partnerships, MRO providers can differentiate themselves and deliver value to their clients in a competitive market.
The maintenance repair operations (MRO) for automation solutions industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The process industries segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 53.78 billion in 2023. It continued to the largest segment at a CAGR of 8.27%.
In the realm of Maintenance Repair Operations (MRO) for automation solutions, various technologies are revolutionizing industrial processes, particularly in process industries such as energy and power, water and wastewater, and oil and gas. The power industry, in particular, is experiencing significant growth due to the escalating demand for electricity, urbanization, and the increasing use of electronic appliances. This surge in electricity consumption is driving investments in new power plants and upgrades to existing electricity grids. Moreover, the integration of advanced technologies like machine learning, root cause analysis, human-machine interface (HMI), cloud computing, vibration analysis, automated reporting, smart sensors, failure analysis, asset management, remote monitoring, industrial ethernet, wireless sensors, 5G connectivity, IoT sensors, corrective maintenance, industrial automation, spare parts management, computer vision, big data, virtual reality (VR), AI algorithms, maintenance optimization, condition-based maintenance, digital twins, deep learning, reliability-centered maintenance, real-time monitoring, integration platforms, maintenance planning, thermal imaging, edge computing, supply chain optimization, inventory management, augmented reality (AR), control systems, data security, and downtime reduction, is transforming maintenance strategies.
These technologies enable predictive and preventive maintenance, reducing downtime and optimizing lifecycle costs. For instance, machine learning algorithms analyze data from sensors to predict equipment failures before they occur, while computer vision systems identify defects in real-time. Additionally, remote monitoring and real-time data analytics facilitate proactive maintenance planning and execution. Furthermore, integration platforms and API integrations enable seamless data exchange between various systems, enhancing overall efficiency. SCADA systems and control systems ensure optimal performance and reliability, while data security measures safeguard sensitive information. In conclusion, the MRO market for automation solutions is witnessing a paradigm shift, with advanced technologies playing a pivotal role in optimizing maintenance strategies, reducing downtime, and enhancing operational efficiency in process industries.
The Process industries segment was valued at USD 42.71 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 56% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in APAC is experiencing substantial growth, driven by several factors. Industrialization is on the rise in countries like China, Japan, India, Vietnam, South Korea, Malaysia, and Australia, leading to an increased demand for industrial automation. Data suggests that the future opportunities for growth in the APAC region estimates to be around USD 60.91 billion. This demand is further fueled by investments in power, water and wastewater treatment, food and beverage industries, and the automotive sector. Government initiatives, improving standards of living, a strong industrial base, and the growing demand for automobiles manufactured in the region are key factors driving the automotive industry's expansion. The integration of advanced technologies such as machine learning, root cause analysis, human-machine interface (HMI), cloud computing, vibration analysis, automated reporting, smart sensors, failure analysis, asset management, remote monitoring, industrial ethernet, wireless sensors, 5G connectivity, IoT sensors, and condition-based maintenance is transforming the MRO market.
These technologies enable predictive maintenance, real-time monitoring, and optimization of maintenance strategies, leading to downtime reduction and cost savings. Furthermore, the adoption of computer vision, big data, virtual reality (VR), AI algorithms, digital twins, deep learning, reliability-centered maintenance, and maintenance planning enhances maintenance execution and work order management. The integration of SCADA systems, API integrations, and control systems ensures seamless data analytics, lifecycle cost analysis, preventive maintenance scheduling, and inventory management. Data security is a critical concern in the MRO market, and the implementation of edge computing, supply chain optimization, and thermal imaging technologies addresses this challenge. The market is also witnessing the adoption of augmented reality (AR) and maintenance optimization strategies, which enable maintenance teams to perform tasks more efficiently and effectively.
Overall, the MRO market for automation solutions in APAC is evolving, with a focus on improving operational efficiency, reducing downtime, and optimizing maintenance strategies.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
In the dynamic and evolving landscape of industry, the market plays a pivotal role in enhancing efficiency and productivity. This market encompasses innovative technologies and strategies that streamline MRO processes, reducing downtime and optimizing resource utilization. Key components include predictive maintenance systems, condition monitoring tools, and automated inventory management. Smart sensors and IoT technologies facilitate real-time data analysis, enabling proactive maintenance. Robust ERP systems and cloud-based solutions offer flexibility and scalability, while automated workflows and AI-driven diagnostics ensure accurate and timely interventions. The MRO automation solutions market fosters a culture of continuous improvement, empowering businesses to minimize costs, maximize asset life, and maintain optimal performance levels.
The maintenance repair operations (MRO) market for automation solutions forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the maintenance repair operations (MRO) market for automation solutions report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, maintenance repair operations (MRO) market for automation solutions forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd - The company specializes in providing Maintenance, Repair, and Operations (MRO) services for advanced automation solutions. These include ABB Ability System, Freelance Distributed Control System, and ABB Ability Symphony Plus.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Maintenance Repair Operations (MRO) Market For Automation Solutions insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
236 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.8% |
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Market growth 2025-2029 |
USD 60.91 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
9.0 |
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Key countries |
US, China, Japan, India, South Korea, UK, Australia, Germany, Canada, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by End-user
9 Market Segmentation by Type
10 Market Segmentation by Application
11 Market Segmentation by Channel
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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