Semiconductors and Electronics

Image

Global Industrial Services Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Aug 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Industrial Services Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 37.47 Billion
Diagram Market Size (Forecast Year) USD 57.94 Billion
Diagram CAGR %

Global Industrial Services Market, By Type (Engineering and Consulting, Installation and Commissioning, Operational Improvement and Maintenance), Application (Distributed Control System, Programmable Logic Controller, Supervisory Control and Data Acquisition, Electric Motors and Drives, Valves and Actuators,  Human Machine Interface, Manufacturing Execution System, Safety Systems, Industrial PC, Industrial 3D Printing, Industrial Robotics), End-User (Oil and Gas, Healthcare and Pharmaceuticals Chemicals, Automotive, Water and Wastewater, Chemicals, Food and Beverages, Energy and Power, Semiconductor and Electronics, Paper and Pulp, Metals and Mining, Aerospace, Others) - Industry Trends and Forecast to 2030.

Industrial Services Market Analysis and Size

The Industrial Services market is segmented based on type, application, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core influencing areas and the difference in your target markets.

Data Bridge Market Research analyses that the global Industrial Services market, which was USD 37.47 billion in 2022, would rocket up to USD 57.94 billion by 2030, and is expected to undergo a CAGR of 5.6% during the forecast period. This indicates the market value. Oil and gas industries dominates the end-user segment of the global industrial services market as The oil and gas industry is highly complex and operates with advanced technologies, equipment, and processes. It requires specialized services to maintain and optimize its operations. These services include drilling and completion services, well maintenance and intervention, pipeline inspection and maintenance, asset integrity management, and offshore services. The complexity and unique challenges of the industry create a demand for specialized industrial services. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, pipeline analysis, pricing analysis, and regulatory framework.

Industrial Services Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customisable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Type (Engineering and Consulting, Installation and Commissioning, Operational Improvement and Maintenance), Application (Distributed Control System, Programmable Logic Controller, Supervisory Control and Data Acquisition, Electric Motors and Drives, Valves and Actuators,  Human Machine Interface, Manufacturing Execution System, Safety Systems, Industrial PC, Industrial 3D Printing, Industrial Robotics), End-user (Oil and Gas, Healthcare and Pharmaceuticals Chemicals, Automotive, Water and Wastewater, Chemicals, Food and Beverages, Energy and Power, Semiconductor and Electronics, Paper and Pulp, Metals and Mining, Aerospace, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (GE) (U.S.), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Johnson Controls International plc (Ireland), SKF AB (Sweden), Mitsubishi Electric Corporation (Japan), Eaton Corporation plc (Ireland), Daikin Industries, Ltd. (Japan), Yokogawa Electric Corporation (Japan), SGS SA (Switzerland), Cognizant Technology Solutions Corp. (U.S.)

Market Opportunities

  • Digital transformation
  • Renewable energy sector
  • Emphasis on cost reduction and operational efficiency

Market Definition

The industrial services market refers to a sector of the economy that encompasses a wide range of services provided to businesses operating in various industries. These services are typically specialized and tailored to meet the specific needs of industrial companies. The market includes both specialized service providers and in-house service departments within industrial organizations.

Global Industrial Services Market Dynamics

Drivers

  • Increasing Focus on Outsourcing:

Companies across industries are increasingly outsourcing non-core activities, including industrial services, to specialized service providers. This allows companies to focus on their core competencies while benefiting from the expertise and cost efficiencies offered by industrial service providers.

  • Growing Complexity of Industrial Operations:

Industrial processes and technologies are becoming more complex, requiring specialized knowledge and equipment for maintenance, repair, and optimization. This drives the demand for industrial services that can address the specific needs of complex industrial operations.

Opportunity

  • Digital Transformation:

The integration of digital technologies such as Internet of Things (IoT), data analytics, and artificial intelligence (AI) presents opportunities for industrial services providers. These technologies enable remote monitoring, predictive maintenance, and real-time data analysis, enhancing operational efficiency and reducing downtime.

Restrain/Challenge

  • Economic Uncertainty:

Economic fluctuations and uncertainties can impact industrial investments and discretionary spending on services. During economic downturns, companies may delay or reduce spending on industrial services, affecting market growth.

This global industrial services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Industrial Services market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

  • Schneider Electric partnered with Semiotic Labs in October’2020. The aim of the partnership is to expand EcoStruxure Asset Advisor digital service to include predictive maintenance and condition-based monitoring of rotating equipment
  • ABB signed a new frame agreement in December’2019. The purpose of the agreement is delivering safety and automation systems across Equinor’s installed base and greenfield projects

Global Industrial Services Market Scope

The global industrial services market is segmented on the basis of type, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Engineering and Consulting
  • Installation and Commissioning
  • Operational Improvement and Maintenance

Application

  • Distributed Control System
  • Programmable Logic Controller
  • Supervisory Control and Data Acquisition
  • Electric Motors and Drives
  • Valves and Actuators
  • Human Machine Interface
  • Manufacturing Execution System
  • Safety Systems
  • Industrial PC
  • Industrial 3D Printing
  • Industrial Robotics

End-user

  • Oil and Gas
  • Healthcare and Pharmaceuticals
  • Chemicals
  • Automotive
  • Water and Wastewater
  • Chemicals
  • Food and Beverages
  • Energy and Power
  • Semiconductor and Electronics
  • Paper and Pulp
  • Metals and Mining
  • Aerospace
  • Others

Global Industrial Services Market Regional Analysis/Insights

The global Industrial Services market is analyzed and market size insights and trends are provided by country, type, application, and end-user as referenced above.

The countries covered in the Global Industrial Services market report are the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.

The North Amerixa dominates the market and growing with the highest CAGR due to its strong technology and innovation ecosystem. Many of the leading companies in the Industrial Services market are based in the U.S., and they drive technological advancements in the field. These companies invest heavily in research and development, creating cutting-edge solutions and setting industry standards.

The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Semiconductor Infrastructure growth Installed base and New Technology Penetration

The global industrial services market also provides you with a detailed market analysis for every country’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global industrial services market, the impact of technology using life line curves, and changes in healthcare regulatory scenarios and their impact on the market. The data is available for the historic period 2015-2020.

Competitive Landscape and Global Industrial Services Market Share Analysis

The global industrial services market competitive landscape provide details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the global industrial services market are:

  • ABB Ltd. (Switzerland)
  • Siemens AG (Germany)
  • Schneider Electric SE (France)
  • General Electric Company (GE) (U.S.)
  • Emerson Electric Co. (U.S.)
  • Honeywell International Inc. (U.S.)
  • Rockwell Automation, Inc. (U.S.)
  • Johnson Controls International plc (Ireland)
  • SKF AB (Sweden)
  • Mitsubishi Electric Corporation (Japan)
  • Eaton Corporation plc (Ireland)
  • Daikin Industries, Ltd. (Japan)
  • Yokogawa Electric Corporation (Japan)
  • SGS SA (Switzerland)
  • Cognizant Technology Solutions Corp. (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Industrial Services Market will be worth USD 57.94 billion by 2030.
The Industrial Services Market Growth Rate is 5.6% during the forecast period.
The Increasing Focus on Outsourcing and the Growing Complexity of Industrial Operations are the Growth Drivers of the Industrial Services Market.
The type, application, and end-user are the factors on which the Industrial Services Market research is based.
Major companies in the Industrial Services Market are ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (GE) (U.S.), Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Johnson Controls International plc (Ireland), SKF AB (Sweden), Mitsubishi Electric Corporation (Japan), Eaton Corporation plc (Ireland), Daikin Industries, Ltd. (Japan), Yokogawa Electric Corporation (Japan), SGS SA (Switzerland), Cognizant Technology Solutions Corp. (U.S.).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials