Industrial automation services market to grow by USD 74.36 billion between 2022 and 2027; APAC to account for 56% of the market growth - Technavio

NEW YORK, May 12, 2023 /PRNewswire/ -- The "Industrial Automation Services Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. The industrial automation services market size is estimated to grow by USD 74.36 billion between 2022 and 2027, growing at a CAGR of 17.66% during the forecast period. APAC will account for 56% of the market growth during the forecast period. The growth of the regional market is driven by the increasing demand for automation software to simplify complex production processes and improve operational efficiency by manufacturers. Besides, vendors operating in the region are partnering with system integrators to provide automation services to increase their market reach. Such factors drive the growth of the industrial automation services market in APAC.  For comprehensive details on the market size of the historic period (2017 to 2021) and forecast period (2023-2027) - View Sample report

Vendor Landscape

The industrial automation services market is fragmented due to the presence of well-established international and regional vendors. Some vendors that offer products directed at the process industries are trying to increase their market presence and market share by horizontally integrating with system integrators and regional automation service providers. Several regional vendors are increasingly venturing into the global industrial automation services market. These vendors offer customized services with additional services to cater to end-user requirements. However, the increase in the number of acquisitions and growing value chain consolidation in the market made the threat of rivalry moderate in 2022. The threat of rivalry is expected to remain the same during the forecast period. Some of the key vendors covered in the report include:

• ABB Ltd. - The company offers industrial automation services such as ability genix industrial analytics and AI suite.
• Beckhoff Automation GmbH and Co. KG - The company offers industrial automation services such as TwinCAT and TwinSafe.
• Eaton Corp. Plc - The company offers industrial automation services such as machinery control, motor control, and variable frequency drive solutions.
• Emerson Electric Co. - The company offers industrial automation services such as production, migration, and security services.
• Endress Hauser Group Services AG
• Epicor Software Corp.
• Fuji Electric Co. Ltd.
• General Electric Co.
• Hitachi Ltd.
• Honeywell International Inc.
• Infineon Technologies AG
• Keyence Corp.
• OMRON Corp.
• R and L Engineering Inc.
• Rockwell Automation Inc.
• SARO Automation
• Schneider Electric SE

The report provides a full list of key vendors, their strategies, and the latest
developments. Buy Now

Market Dynamics

Major Driver – The market is driven by the increasing focus on predictive maintenance. The growing need for data collection and analysis to solve complex maintenance tasks has increased the adoption of IoT-enabled devices across industries. The data generated by these devices help industrial operators to compare the efficiency and performance of machines, allowing operators to plan maintenance activities accordingly and reduce overall downtime. Such benefits have led end-users to shift their focus toward predictive maintenance as it helps in reducing the overall production downtime and increasing operational efficiency. This has created the need for automating manufacturing operations. Thus, the increasing focus on predictive maintenance is expected to drive market growth during the forecast period.

Market Trend – Value chain integration by automation solution providers is identified as the key trend in the market. The rising adoption of automation solutions among process industries has increased the competition among established vendors in the market. Hence, vendors are focused on differentiating themselves by expanding their product lines. They are also offering aftersales services and software solutions. In addition, OEMs of automation software and control systems are trying to acquire system integrators to increase their geographical reach. This is because system integrators are major elements in the supply chain and have a better geographical reach. Such factors are expected to positively influence the market growth over the forecast period.

Major Challenge – The challenges in managing multiple contracts will hinder the growth of the market. Most end-users prefer longer service contracts regarding any minor component or device from a single service provider. Different automation systems and instrumentation products installed in plant premises will be procured from different vendors. Thus, automation hardware and software will have different servicing and maintenance manuals. Besides, automation software is focused on developing domain-specific engineering approaches, which usually overlook the operation and maintenance aspects. This increases the servicing complexity for automation service providers. Such challenges restrict the growth of the market in focus.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find more insights in a sample report!

Company Profiles

The industrial automation services market report includes information on the product launches, sustainability, and prospects of leading vendors including ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Endress Hauser Group Services AG, Epicor Software Corp., Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Infineon Technologies AG, Keyence Corp., OMRON Corp., R and L Engineering Inc., Rockwell Automation Inc., SARO Automation, Schneider Electric SE, Siemens AG, The EPIC Systems Group LLC, and Yokogawa Electric Corp.

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Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Market Segmentation

• By Type, the market is classified into PE, maintenance and support, OS, and consulting.
• By End-user, the market is classified into discrete industries and process industries.
• By Geography, the market is classified as APAC, North America, Europe, Middle East and Africa, and South America.

The market growth in the PE services segment will be significant over the forecast period. Increased investments in both process and discrete industries to expand and build new industrial plants to remain competitive have increased the demand for automation solutions, including PE and installation services. The growing penetration of advanced technologies and the rapid adoption of the Internet of Things (IoT), smart sensors, modern industrial plants, and manufacturing facilities will drive the growth of the segment.

Related Reports:

The automation market in the textile industry is estimated to grow at a CAGR of 3.35% between 2022 and 2027. The size of the market is forecast to increase by USD 619.72 million. The market is segmented by component (field devices, control devices, and communication), solution (hardware, software, and services), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The industrial automation control market is estimated to grow at a CAGR of 5.46% between 2022 and 2027. The size of the market is forecast to increase by USD 39.34 billion. The market is segmented by product (sensors, drives, DCS, SCADA, and plc), end-user (process industry and discrete industry), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

Browse through Technavio's Industrials Market Reports

Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global industrial automation services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global industrial automation services market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 PE - Market size and forecast 2022-2027 
• Exhibit 34: Chart on PE - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on PE - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on PE - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on PE - Year-over-year growth 2022-2027 (%)

• 6.4 Maintenance and support - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Maintenance and support - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Maintenance and support - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Maintenance and support - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Maintenance and support - Year-over-year growth 2022-2027 (%)

• 6.5 OS - Market size and forecast 2022-2027 
• Exhibit 42: Chart on OS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on OS - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on OS - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on OS - Year-over-year growth 2022-2027 (%)

• 6.6 Consulting - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Consulting - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Consulting - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Consulting - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Type 
• Exhibit 50: Market opportunity by Type ($ billion)
• Exhibit 51: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 52: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 53: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 54: Chart on Comparison by End-user
• Exhibit 55: Data Table on Comparison by End-user

• 7.3 Discrete industries - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Discrete industries - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Discrete industries - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Discrete industries - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Discrete industries - Year-over-year growth 2022-2027 (%)

• 7.4 Process industries - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Process industries - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Process industries - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Process industries - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Process industries - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 64: Market opportunity by End-user ($ billion)
• Exhibit 65: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027 
• Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ billion)
• Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 ABB Ltd.
• Exhibit 119: ABB Ltd. - Overview
• Exhibit 120: ABB Ltd. - Business segments
• Exhibit 121: ABB Ltd. - Key news
• Exhibit 122: ABB Ltd. - Key offerings
• Exhibit 123: ABB Ltd. - Segment focus

• 12.4 Beckhoff Automation GmbH and Co. KG 
• Exhibit 124: Beckhoff Automation GmbH and Co. KG - Overview
• Exhibit 125: Beckhoff Automation GmbH and Co. KG - Product / Service
• Exhibit 126: Beckhoff Automation GmbH and Co. KG - Key offerings

• 12.5 Eaton Corp. Plc
• Exhibit 127: Eaton Corp. Plc - Overview
• Exhibit 128: Eaton Corp. Plc - Business segments
• Exhibit 129: Eaton Corp. Plc - Key news
• Exhibit 130: Eaton Corp. Plc - Key offerings
• Exhibit 131: Eaton Corp. Plc - Segment focus

• 12.6 Emerson Electric Co.
• Exhibit 132: Emerson Electric Co. - Overview
• Exhibit 133: Emerson Electric Co. - Business segments
• Exhibit 134: Emerson Electric Co. - Key news
• Exhibit 135: Emerson Electric Co. - Key offerings
• Exhibit 136: Emerson Electric Co. - Segment focus

• 12.7 Endress Hauser Group Services AG 
• Exhibit 137: Endress Hauser Group Services AG - Overview
• Exhibit 138: Endress Hauser Group Services AG - Product / Service
• Exhibit 139: Endress Hauser Group Services AG - Key news
• Exhibit 140: Endress Hauser Group Services AG - Key offerings

• 12.8 Fuji Electric Co. Ltd. 
• Exhibit 141: Fuji Electric Co. Ltd. - Overview
• Exhibit 142: Fuji Electric Co. Ltd. - Business segments
• Exhibit 143: Fuji Electric Co. Ltd. - Key offerings
• Exhibit 144: Fuji Electric Co. Ltd. - Segment focus

• 12.9 General Electric Co.
• Exhibit 145: General Electric Co. - Overview
• Exhibit 146: General Electric Co. - Business segments
• Exhibit 147: General Electric Co. - Key news
• Exhibit 148: General Electric Co. - Key offerings
• Exhibit 149: General Electric Co. - Segment focus

• 12.10 Hitachi Ltd.
• Exhibit 150: Hitachi Ltd. - Overview
• Exhibit 151: Hitachi Ltd. - Business segments
• Exhibit 152: Hitachi Ltd. - Key news
• Exhibit 153: Hitachi Ltd. - Key offerings
• Exhibit 154: Hitachi Ltd. - Segment focus

• 12.11 Honeywell International Inc. 
• Exhibit 155: Honeywell International Inc. - Overview
• Exhibit 156: Honeywell International Inc. - Business segments
• Exhibit 157: Honeywell International Inc. - Key news
• Exhibit 158: Honeywell International Inc. - Key offerings
• Exhibit 159: Honeywell International Inc. - Segment focus

• 12.12 Keyence Corp.
• Exhibit 160: Keyence Corp. - Overview
• Exhibit 161: Keyence Corp. - Product / Service
• Exhibit 162: Keyence Corp. - Key offerings

• 12.13 OMRON Corp.
• Exhibit 163: OMRON Corp. - Overview
• Exhibit 164: OMRON Corp. - Business segments
• Exhibit 165: OMRON Corp. - Key news
• Exhibit 166: OMRON Corp. - Key offerings
• Exhibit 167: OMRON Corp. - Segment focus

• 12.14 Rockwell Automation Inc. 
• Exhibit 168: Rockwell Automation Inc. - Overview
• Exhibit 169: Rockwell Automation Inc. - Business segments
• Exhibit 170: Rockwell Automation Inc. - Key news
• Exhibit 171: Rockwell Automation Inc. - Key offerings
• Exhibit 172: Rockwell Automation Inc. - Segment focus

• 12.15 Schneider Electric SE 
• Exhibit 173: Schneider Electric SE - Overview
• Exhibit 174: Schneider Electric SE - Business segments
• Exhibit 175: Schneider Electric SE - Key news
• Exhibit 176: Schneider Electric SE - Key offerings
• Exhibit 177: Schneider Electric SE - Segment focus

• 12.16 Siemens AG
• Exhibit 178: Siemens AG - Overview
• Exhibit 179: Siemens AG - Business segments
• Exhibit 180: Siemens AG - Key news
• Exhibit 181: Siemens AG - Key offerings
• Exhibit 182: Siemens AG - Segment focus

• 12.17 Yokogawa Electric Corp. 
• Exhibit 183: Yokogawa Electric Corp. - Overview
• Exhibit 184: Yokogawa Electric Corp. - Business segments
• Exhibit 185: Yokogawa Electric Corp. - Key offerings
• Exhibit 186: Yokogawa Electric Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 187: Inclusions checklist
• Exhibit 188: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 189: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 190: Research methodology
• Exhibit 191: Validation techniques employed for market sizing
• Exhibit 192: Information sources

• 13.5 List of abbreviations 
• Exhibit 193: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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