Maintenance Repair Operations (MRO) For Automation Solutions Market 2024-2028
The maintenance repair operations (MRO) for automation solutions market is forecasted to grow by USD 53287.9 mn during 2023-2028, accelerating at a CAGR of 9.38% during the forecast period. The report on the maintenance repair operations (MRO) for automation solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in outsourcing of operations, increasing global penetration of Industry 4.0 in many regions, and criticality of ensuring uninterrupted industrial operations.
Technavio's maintenance repair operations (MRO) for automation solutions market is segmented as below:
- By End-user
- Process industries
- Discrete industries
- By Type
- MRO items
- Services
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the use of analytics for predictive maintenance as one of the prime reasons driving the maintenance repair operations (MRO) for automation solutions market growth during the next few years. Also, adoption of inside sales strategy in developing countries and growing investments in smart city projects will lead to sizable demand in the market.
The report on the maintenance repair operations (MRO) for automation solutions market covers the following areas:
- Maintenance repair operations (MRO) for automation solutions market sizing
- Maintenance repair operations (MRO) for automation solutions market forecast
- Maintenance repair operations (MRO) for automation solutions market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading maintenance repair operations (MRO) for automation solutions market vendors that include ABB Ltd., AMETEK Inc., Danaher Corp., Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., Festo SE and Co. KG, General Electric Co., Hitachi Ltd., Honeywell International Inc., IMI PLC, Mitsubishi Electric Corp., MKS Instruments Inc., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, SICK AG, Siemens AG, W.W. Grainger Inc., and Yokogawa Electric Corp.. Also, the maintenance repair operations (MRO) for automation solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.