According to the latest report from the IMARC group, entitled “Industrial Automation Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The Global Industrial Automation Services Market Size reached a value of US$181.6 billion in 2021. Looking ahead, IMARC Group expects the market to reach $309.1 billion by 2027, expose to a CAGR of 9.09% during the period 2022-2027. Industrial automation services include the use of control systems, such as computers or robots, and advanced technologies to manage different processes and machines across multiple industries with the goal of replacing human workers. These services are necessary to ensure labor productivity, reduce labor costs, minimize routine manual tasks, and improve overall product quality.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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The global market is mainly driven by the advent of 5G wireless technology across the globe. This, along with the increasing adoption of Industry 4.0, is contributing significantly to the growth of the market. Additionally, the rapid expansion of augmented reality (AR), digital twin, and industrial IoT is positively influencing the growth of the market. Apart from this, the growing demand for streamlining many business processes is also driving the demand for industrial automation services across the globe. Additionally, rapid advancements in technology have led to the introduction of advanced robots for automation purposes, thereby catalyzing the growth of the market. Additionally, extensive research and development (R&D) activities and rapid industrialization are also contributing to the growth of the market.
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2022-2027 Global Industrial Automation Services Market Analysis and Segmentation:
Competitive landscape with key players:
Siemens AG, Honeywell International Inc., General Electric Company, Mitsubishi Electric, Rockwell Automation, Johnson Controls Inc., Schneider Electric, Yokogawa Electric Corporation, OMRON Corporation, Danaher Corporation, etc.
Breakdown by type of service:
- Project engineering and installation
- Maintenance and support services
- Consulting services
- Operational services
Breakdown by product type:
Breakdown by end user:
- Discreet industries
- Processing industries
Breakdown by region:
- North America (USA, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Main highlights of the report:
- Market performance 2016-2021
- Market Outlook 2022-2027
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
To note: If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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