Global Industrial Services Market

Dec 2018| VMR730A| Verified Market Research

Report Highlights

The global Industrial Services Market was valued at USD 24.25 billion in 2016 and is projected to reach USD 38.83 billion by 2025, growing at a CAGR of 5.37% from 2017 to 2025.

Service industry companies are involved in retail, transport, distribution, food services, as well as other service-dominated businesses. It is also called service sector, tertiary sector of industry.

Market Dynamics:
1. Market Drivers
1.1 Increasing need for operational Excellence
1.2 Growing demand for maintenance services
1.3 Increasing technical level of equipment

2. Market Restraints
2.1 Lack of skilled technicians
2.2 Varying Compliances Across Regions

Market Segmentation:
1. Global Industrial Services Market, by Application:
1.1 Distributed Control System (DCS)
1.2 Programmable Controller Logic (PLC)
1.3 Supervisory Control and Data Acquisition (SCADA)
1.4 Electric Motors & Drives
1.5 Valves & Actuators
1.6 Human-Machine Interface (HMI)
1.7 Manufacturing Execution System (MES)
1.8 Safety Systems
1.8.1 Burner Management System (BMS)
1.8.2 Emergency Shutdown System (ESD)
1.8.3 Fire & Gas Monitoring & Control
1.8.4 High-Integrity Pressure Protection Systems (HIPPS)
1.8.5 Turbomachinery Control (TMC)

2. Global Industrial Services Market, by Industry:
2.1 Oil and Gas
2.2 Chemicals
2.3 Automotive
2.4 Pharmaceuticals
2.5 Metals & Mining
2.6 Food & Beverages
2.7 Energy & Power
2.8 Aerospace & Defense
2.9 Water and Wastewater
2.10 Others

3. Global Industrial Services Market, by Type:
3.1 Engineering & Consulting
3.1.1 System Configuration
3.1.2 Compliances
3.1.3 Infrastructure Audit
3.2 Installation & Commissioning
3.2.1 Training
3.2.2 Testing & Certification
3.3 Operational Improvement & Maintenance
3.3.1 Ad-Hoc and Emergency Maintenance
3.3.2 Scheduled Maintenance
3.3.3 Mechanical
3.3.4 Predictive Maintenance

4. Global Industrial Services Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. ABB
2. Emerson Electric
3. General Electric
4. Honeywell International Inc.
5. Metso Corporation
6. Rockwell Automation
7. Samson AG
8. Schneider Electric
9. Siemens AG
10. SKF AB
11. Wood Group Mustang

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Research study on the Industrial Services Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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