Industrial Automation Service Market | Contrive Datum Insights

The global Industrial Automation Service Market size was USD 205.86 Billion in 2022 and is expected to reach USD 395.09 Billion by 2030, with a CAGR of 9.8% from 2023 to 2030.

Industrial Automation Service Market Overview:

Industrial automation is the process of applying intelligent technology to industrial processes to replace manual, tedious, and repetitive tasks with efficient and automated workflows. Additionally, automation helps reduce manufacturing costs, increase productivity, and improve quality and industrial safety. Additionally, it improves process control and significantly reduces lead times compared to outsourcing or going abroad.

Industrial Automation Service market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Industrial Automation Service market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In July 2021 - Rockwell Automation partnered with Kessler AS, a cloud-based product digitization and traceability platform. The partnership aims to enable manufacturers to capture the end-to-end journey of their products from raw material source to point of sale or beyond by using cloud-based chain solutions.
• In July 2021 - Siemens AG extends its partnership with SAP SE to offer new services and solutions for asset lifecycle management. The partnership aims to link shop floor operations, product development through digital twins, and remote condition monitoring with original equipment manufacturers (OEMs) to facilitate collaboration across the asset lifecycle.
• In June 2021 - Rockwell Automation acquires Plex Systems, a provider of smart manufacturing solutions, for $2.22 billion. The acquisition aims to expand industrial cloud offerings with Plex Systems' cloud-native smart manufacturing platform.

Major Segments Covered in the Global Industrial Automation Service Market:

Market Key Players:
ABB Ltd. (Switzerland), Siemens AG (Germany), Emerson Electric Company (US), Schneider Electric SE (France), General Electric Company (US), Honeywell International Inc. (US), Yokogawa Electric (Japan), Mitsubishi Electric Corporation (Japan), Ametek Inc. (US), Fanuc (Japan), Rockwell Automation Inc. (US), and Others

Industrial Automation Service Market by Types:

• Distributed control systems (DCS)
• Supervisory control and data acquisition (SCADA)
• Programmable logic control (PLC)
• Manufacturing execution system (MES)
• Others (HMI, EMI, and AM),

Industrial Automation Service Market by Applications:

• Project engineering and installation
• Maintenance and support
• Consulting services
• Operational services

Industrial Automation Service Market by Regions:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.

The Asia Pacific region dominated the industrial automation and control systems market, accounting for the largest revenue share at 36.6% in 2021. This strong growth is attributed to the presence of major market players and emerging companies. Moreover, the rising demand for better factory management solutions in China and India is driving market growth in this region. The integration of traditional production facilities into smart factories is a typical trend that contributes to the general acceptance of industrial automation.

Europe accounted for more than 15% market share in 2021 and is expected to grow at a CAGR of around 7% from 2022 to 2030. This significant growth is attributed to the fact that manufacturing units in the region are driven to implement the latest technological advancements and digital transformation capabilities to make their business processes as efficient as possible due to rapidly intensifying competition and increasing end-user demands. For example, field devices such as motors and sensors enable the automotive industry to respond faster to market demands, reduce manufacturing downtime, improve supply chain efficiency, and increase productivity. Many regional industries such as automotive, healthcare, manufacturing, etc. in the region are also adopting industrial automation, and many important companies are launching industrial automation products in the market.

Report Scope of Global Industrial Automation Service Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Any special requirements about this report, please let us know and we can provide custom report.

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.