Industrial Services Market by SCADA, Distributed Control System, Manufacturing Execution System, Safety Systems, Motors & Drives, Industrial Robotics, Industrial 3D Printing, Industrial PC, PLC, Service Type, End-user Industry - Global Forecast to 2028

Industrial Services Market by SCADA, Distributed Control System, Manufacturing Execution System, Safety Systems, Motors & Drives, Industrial Robotics, Industrial 3D Printing, Industrial PC, PLC, Service Type, End-user Industry - Global Forecast to 2028

The global Industrial Services market is expected to be valued at USD 39.1 billion in 2023 and is projected to reach USD 59.1 billion by 2028; it is expected to grow at a CAGR of 8.6% from 2023 to 2028. The advent of Industry 4.0 technologies, such as IoT (Internet of Things), AI (Artificial Intelligence), and automation, has created new opportunities for industrial services. Companies seek expertise to integrate and leverage these technologies for enhanced efficiency and performance.

“Food and Beverage end-user industry to account for the highest CAGR for industrial services market.”

The food and beverage industry is subject to rigorous quality and safety standards to ensure consumer health and compliance with regulations. Industrial services are essential for maintaining and improving processes to meet these stringent standards. Food and beverage companies seek operational efficiency and cost optimization to remain competitive. Industrial services contribute by providing solutions for process optimization, supply chain management, and resource utilization. Moreover, the food and beverage industry is adopting advanced technologies such as automation, robotics, and data analytics. Industrial services assist in the integration and maintenance of these technologies for enhanced production and quality control.

“North America to have the second highest share of the industrial services market”

North American industries are at the forefront of adopting advanced technologies, including IoT, AI, automation, and data analytics. Industrial services that support the integration and optimization of these technologies are in high demand. Governments and private sectors in North America are investing in infrastructure projects, including transportation, utilities, and smart cities. Industrial services contribute to the planning, construction, and maintenance of these infrastructure projects. North America is a hub for advanced manufacturing technologies, including 3D printing and additive manufacturing. Industrial services contribute to the adoption and optimization of these innovative manufacturing processes.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:



By Company Type: Tier 1 – 55%, Tier 2 – 35%, and Tier 3 – 10%

By Designation: C-level Executives – 45%, Directors – 25%, and Others – 30%

By Region: North America – 55%, Europe – 20%, Asia Pacific – 15%, RoW – 10%

The key players operating in the Industrial Services market are ABB (Switzerland), Honeywell International Inc. (US), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany).

The research report categorizes the industrial services market, By Service Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (Motor & Drives, DCS, PLC, SCADA, MES, HMI, Safety Systems, Industrial Robotics, Industrial 3D Prinitng, Industrial PC), End-user (Automotivee, Aerospace, Chemical, Food & Beverage, Energy & Power, Oil & Gas, Pharmaceutical, Metal & Mining, Paper & Pulp, Semiconductor, Water & Wastewater, Others), and Region (North America, Europe, Asia Pacific, and RoW).

Research Coverage:

Key Benefits of Buying the Report

Analysis of key drivers (Increasing adoption of industry 4.0 technologies, Growth in manufacturing sector, Increasing aging infrastructure, Growing market expansion and globalization), restraints (Significant upfront investment, Shortage of skilled labor), opportunities (Rising energy expense in industrial facilities, Growing demand for robust cybersecurity, Increasingly complexity in supply chain management), and challenges (Rapid advancement and obsolescence of technology, Highly competitive environment) influencing the growth of the industrial services market.

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the industrial services market

Market Development: Comprehensive information about lucrative markets – the report analyses the industrial services market across varied regions.

Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the industrial services market

Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like ABB (Switzerland), Honeywell International Inc. (US), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany) among others in the Industrial Services market.