Global Industrial Automation Services Market Research Report Forecast to 2026

Global Industrial Automation Services Market Research Report Forecast to 2026

Industrial Automation Services Market Forecast till 2026

Market Overview

The growth of the industrial automation services market is being driven by the introduction of new technology, the drive towards interconnectivity among devices and systems, and advancements in automation systems and networks. Market growth is impacted by factors such as government policies, rising demand in the manufacturing industry, and heightened emphasis on worker safety.

However, the high implementation cost may slow the market's growth. Nevertheless, the expansion of industrial robotics and the implementation of Industry 4.0 in various industries is expected to bring attractive growth prospects for the companies operating in the market.

Segment Overview

The industrial automation services market is segmented by solutions, services, end-use, and region. The solutions segment encompasses components such as distributed control systems, programmable logic controllers, SCADA, MES, PLM, and functional safety & plant asset management.

The services segment comprises professional services, consulting, technical training, system integration, and others. The end-use segment encompasses industries like aerospace & defense, automotive, mining & metals, transportation & logistics, energy & power, and others. The region segment is split into Asia Pacific, North America, Middle East & Africa, Europe, and the Rest of the World.

Regional Analysis

The Asia-Pacific industrial automation services market is divided by country, including China, Japan, India, and other parts of the region. The market is expected to grow due to increased emphasis on reducing production costs and enhancing process efficiency in various industries. The main drivers of this growth are the growing number of government programs for digitization, increasing demand for workplace safety, and improved efficiency in industrial processes.

China is a major contributor to the Asia-Pacific industrial automation services market. The growing demand for automation in the Chinese transportation and automotive industry and the implementation of digital technologies are driving demand for industrial automation services. End-users of these services are becoming more knowledgeable about its uses and are increasingly adopting them to achieve better production management and increased energy efficiency, which has led to growing demand for industrial automation services in China.

Major Players

The key players of the global industrial automation services market include Mitsubishi Electric Corporation (Japan), Rockwell Automation Inc. (US), General Electric Company (US), Schneider Electric SE (France), ABB Ltd. (Switzerland), Omron (Japan), Samsung Electronics Co. Ltd. (South Korea), Honeywell International Inc. (US), Siemens AG (Germany), Johnson Controls Inc. (Ireland), Yokogawa Electric (Japan), Hitachi (Japan), Danaher Corporation (US), Ametek Inc. (US), and Fanuc Corporation (Japan).

COVID 19 Impacts

The COVID-19 pandemic caught industries and companies off guard, leading to unpredictable changes in the market. The effects of the outbreak have been felt globally, causing closures or suspensions of manufacturing operations in various sectors, including aviation, manufacturing, automotive, and food & beverage.

The COVID-19 crisis has exposed the weaknesses in the global supply chain system and the interdependence of major firms and suppliers across different regions. The pandemic has severely impacted economic activities, particularly the production of essential goods, which has become more critical during this time. Before the pandemic, Industry 4.0 technologies, especially automation, were already transforming global supply chains by bringing back production to local locations. Automation offers advanced, labor-saving technologies that reduce the need for low-skilled labor in manufacturing and the benefits of outsourcing. The COVID-19 pandemic may speed up these trends. Automation and localization of production provide more flexibility to respond to changing demand, reducing the exposure of companies to pandemics or other external shocks.

Companies Mentioned

Mitsubishi Electric Corporation (Japan)
Rockwell Automation Inc. (US)
General Electric Company (US)
Schneider Electric SE (France)
ABB Ltd. (Switzerland)
Omron (Japan)
Samsung Electronics Co. Ltd. (South Korea)
Honeywell International Inc. (US)
Siemens AG (Germany)
Johnson Controls Inc. (Ireland)
Yokogawa Electric (Japan)
Hitachi (Japan)
Danaher Corporation (US)
Ametek Inc. (US)
and Fanuc Corporation (Japan)

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