Global Industrial Automation Service Market Growth (Status and Outlook) 2023-2029

Global Industrial Automation Service Market Growth (Status and Outlook) 2023-2029

Industrial automation services refers to methods used for controlling industrial process automatically by means of electronically controlled systems.

LPI (LP Information)' newest research report, the “Industrial Automation Service Industry Forecast” looks at past sales and reviews total world Industrial Automation Service sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Automation Service sales for 2023 through 2029. With Industrial Automation Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Automation Service industry.

This Insight Report provides a comprehensive analysis of the global Industrial Automation Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Automation Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Automation Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Automation Service and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Automation Service.

The global Industrial Automation Service market size is projected to grow from US$ 32950 million in 2022 to US$ 54550 million in 2029; it is expected to grow at a CAGR of 7.5% from 2023 to 2029.

Major factors driving the industrial automation services market include demand for operational efficiency, rapidly growing SMES, emerging technology such as Internet of Things(IoT) and cloud-based automation, growing demand for smart factories, mass customization, supply chain synchronization, integration of systems, advancement in the M2M communication technology. However, factors such as lack of trained professions and high installation and maintenance cost msy slow the market growth.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Automation Service market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
SCADA
DCS
Others

Segmentation by application
Project Engineering and Installation
Maintenance and Support
Consulting Services
Operational Services

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Honeywell
ABB
Rockwell Automation
Siemens
GE
Emerson
Mitsubishi
Omron
Control Systems
Toshiba
Applied Material
Schneider Electric
Yokogawa Electric
Apriso
Aspen Technologies
Camstar Systems
SAP
Werum Software & Systems
Eyelite
Invensys
Metso

Please note: The report will take approximately 2 business days to prepare and deliver.