Industrial Services Market by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (Distributed Control System, Human Machine Interface, Industrial 3D Printing), End-User - Global Forecast 2024-


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Industrial Services Market by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (Distributed Control System, Human Machine Interface, Industrial 3D Printing), End-User - Global Forecast 2024-2030


The Industrial Services Market size was estimated at USD 46.69 billion in 2023 and expected to reach USD 49.93 billion in 2024, at a CAGR 7.34% to reach USD 76.70 billion by 2030.

Global Industrial Services MarketIndustrial services encompass a broad range of activities designed to support the various processes and operations of manufacturing and production facilities. These services can include maintenance, repair, overhaul (MRO), installation and commissioning of machinery, equipment calibration, consulting, and project management, among other professional and technical services. Industrial services are pivotal across various sectors, including manufacturing, oil and gas, power generation, aerospace, automotive, and chemicals. Advancements in technology, particularly in the areas of automation and industrial Internet of Things (IIoT), are significantly driving market expansion. Additionally, a growing focus on sustainable processes, regulatory compliances, and the need for operational excellence are pushing industries to adopt specialized services. The trend towards outsourcing services to specialized providers who can deliver higher efficiency, cost reduction, and improved performance also facilitates market growth. However, the need for continuous skills development to keep pace with rapidly advancing technologies impedes market development. Recent trends point towards opportunities in predictive maintenance services driven by AI and machine learning, which can forecast equipment failures before they occur. Also, the integration of big data analytics in industrial services for data-driven decision-making presents significant growth potential.Regional InsightsThe demand for industrial services in the Americas can be characterized by strong technological adoption and a focus on sustainable solutions. Companies in this region have access to a mature industrial base, especially in North America, which has been fostering investments in smart and automated services. With the United States and Canada being at the forefront of industrial innovation, businesses here tend to allocate significant resources towards research and development, which fuels the demand for high-end industrial services. The Asia-Pacific region is a burgeoning market for industrial services, driven by rapid industrialization and urbanization, particularly in emerging economies such as China and India. There is a significant demand for outsourcing operations and maintenance services as companies in this region seek to cut costs and improve efficiency. Additionally, the region is witnessing a growing interest in environmental, sustainability, and governance (ESG) practices, which is influencing the scope of industrial services. The EMEA region presents a diverse landscape, with Europe leading in terms of maturity of industrial services, the Middle East showing rapid modernization, and Africa being a market with potent growth potential. Europe is focused on innovation and sophisticated engineering services, while the Middle East invests heavily in energy and petrochemical sectors, necessitating specialized services. Africa’s growth is spurred by the expansion of local industries and the entry of global players requiring a variety of industrial services.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Services Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Services Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial Services Market, highlighting leading vendors and their innovative profiles. These include Aaxis Nano Technologies Pvt. Ltd., ABB Ltd., Altrad Group, ATS Automation Tooling Systems Inc., Clean Harbors, Inc., Cynoteck Technology Solutions Pvt. Ltd., Dynamysk Automation Ltd., Emerson Electric Co., General Electric Company, Global Industrial Services, Honeywell International Inc., Horváth AG, HPC Industrial, INTECH Process Automation Inc., International Ceramic Construction, LLC, KMG International N.V., LCM Environmental, Leadec Holding BV & Co. KG, Metso Corporation, Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric SE, SGK India Industrial Services (P) Ltd., SGS Industrial Services GmbH, Siemens AG, SKF Group, Solid Industrial Services, Spencer Stuart, The Industrial Service Group, Wunderlich-Malec Engineering, Inc., and Yokogawa Electric Corporation.

Market Segmentation & Coverage

This research report categorizes the Industrial Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Engineering & Consulting
Installation & Commissioning
Operational Improvement & Maintenance
Application
Distributed Control System
Human Machine Interface
Industrial 3D Printing
Industrial PC
Industrial Robotics
Manufacturing Execution System
Motors & Drives
Programmable Logic Controller
Safety Systems
Supervisory Control & Data Acquisition
End-User
Automotive
Chemicals
Food & Refreshments
IT & Telecom
Metals & Mining
Oil & Gas
Pharmaceuticals
Transportation
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Industrial Services Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Services Market?
3. What are the technology trends and regulatory frameworks in the Industrial Services Market?
4. What is the market share of the leading vendors in the Industrial Services Market?
5. Which modes and strategic moves are suitable for entering the Industrial Services Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Industrial Services Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Government initiatives promoting industry 4.0 and robotic automation
5.1.1.2. Growing trend of adopting outsourced specialized services
5.1.2. Restraints
5.1.2.1. High initial costs and complexity of implementing advanced systems
5.1.3. Opportunities
5.1.3.1. Technological advancements in industrial services with AI & IoT
5.1.3.2. Preference for energy-efficient solutions and need for environmental-industrial services
5.1.4. Challenges
5.1.4.1. Lack of skilled personnel in the industrial service sector
5.2. Market Segmentation Analysis
5.2.1. Type: Provision of different engineering & consulting services to offer comprehensive solutions tailored to unique industry requirements
5.2.2. Application: Adoption of industrial services for industrial robotics to ensure precision of robotic operations and extend robot lifespan
5.2.3. End-User: Need for industrial services for attaining the design, assembly, and quality assurance of vehicles
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Industrial Services Market, by Type
6.1. Introduction
6.2. Engineering & Consulting
6.3. Installation & Commissioning
6.4. Operational Improvement & Maintenance
7. Industrial Services Market, by Application
7.1. Introduction
7.2. Distributed Control System
7.3. Human Machine Interface
7.4. Industrial 3D Printing
7.5. Industrial PC
7.6. Industrial Robotics
7.7. Manufacturing Execution System
7.8. Motors & Drives
7.9. Programmable Logic Controller
7.10. Safety Systems
7.11. Supervisory Control & Data Acquisition
8. Industrial Services Market, by End-User
8.1. Introduction
8.2. Automotive
8.3. Chemicals
8.4. Food & Refreshments
8.5. IT & Telecom
8.6. Metals & Mining
8.7. Oil & Gas
8.8. Pharmaceuticals
8.9. Transportation
9. Americas Industrial Services Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Industrial Services Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Industrial Services Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. OWL Services Acquires Dark Horse Enterprises, Inc. to Expand Coverage in Mid-Atlantic States
12.3.1.2. Veolia North America Acquires U.S. Industrial Technologies To Expand Its Hazardous Waste Treatment Business
12.3.1.3. EnergySolutions Finalizes Acquisition of Williams Industrial Services Group Inc. to Expand Nuclear Services Capabilities
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Aaxis Nano Technologies Pvt. Ltd.
13.1.2. ABB Ltd.
13.1.3. Altrad Group
13.1.4. ATS Automation Tooling Systems Inc.
13.1.5. Clean Harbors, Inc.
13.1.6. Cynoteck Technology Solutions Pvt. Ltd.
13.1.7. Dynamysk Automation Ltd.
13.1.8. Emerson Electric Co.
13.1.9. General Electric Company
13.1.10. Global Industrial Services
13.1.11. Honeywell International Inc.
13.1.12. Horváth AG
13.1.13. HPC Industrial
13.1.14. INTECH Process Automation Inc.
13.1.15. International Ceramic Construction, LLC
13.1.16. KMG International N.V.
13.1.17. LCM Environmental
13.1.18. Leadec Holding BV & Co. KG
13.1.19. Metso Corporation
13.1.20. Mitsubishi Electric Corporation
13.1.21. Rockwell Automation Inc.
13.1.22. Schneider Electric SE
13.1.23. SGK India Industrial Services (P) Ltd.
13.1.24. SGS Industrial Services GmbH
13.1.25. Siemens AG
13.1.26. SKF Group
13.1.27. Solid Industrial Services
13.1.28. Spencer Stuart
13.1.29. The Industrial Service Group
13.1.30. Wunderlich-Malec Engineering, Inc.
13.1.31. Yokogawa Electric Corporation
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. INDUSTRIAL SERVICES MARKET RESEARCH PROCESS
FIGURE 2. INDUSTRIAL SERVICES MARKET SIZE, 2023 VS 2030
FIGURE 3. INDUSTRIAL SERVICES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. INDUSTRIAL SERVICES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. INDUSTRIAL SERVICES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. INDUSTRIAL SERVICES MARKET DYNAMICS
FIGURE 7. INDUSTRIAL SERVICES MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. INDUSTRIAL SERVICES MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. INDUSTRIAL SERVICES MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 10. INDUSTRIAL SERVICES MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. INDUSTRIAL SERVICES MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. INDUSTRIAL SERVICES MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES INDUSTRIAL SERVICES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES INDUSTRIAL SERVICES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. INDUSTRIAL SERVICES MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. INDUSTRIAL SERVICES MARKET SHARE, BY KEY PLAYER, 2023

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