Global Industrial Automation Services Market

Date: 11/9/2015

Global Industrial Automation Services Market 2015 to 2019

The Global Industrial Automation Services Market to Grow At A CAGR Of 11.13% During 2014 To 2019

  • Published by: Technavio / Infiniti Research Limited
  • Posted on: August 12, 2015
  • Report SKU: IRTNTR6845

Overview of the Global Industrial Automation Services Market

The global industrial automation services market is predicted to grow at a CAGR of around 11% during the forecast period. The need for automation in manufacturing plants to boost productivity, especially in the oil and gas, power, chemical and petrochemical, and automotive industries is driving the high growth of the market. High labor costs in countries like China are also driving the growth of the industrial automation services market. During 2012, China accounted for nearly 16% of the global manufacturing output. Due to the increase in labor costs, China’s market share decreased in the following years. To mitigate the high labor costs and improve productivity, automation companies in the region are adopting IoT and cloud-enabled automation.

Segmentation of the Global Industrial Automation Services by Service Type

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

The project engineering and installation segment accounts for the largest share of the market followed by the maintenance and support segment. The consulting services segment is predicted to emerge as the fastest growing segment by the end of 2019 in the industrial automation market. The increase in regulatory issues and laws across industries such as food and beverages, pharmaceuticals, chemicals, and petrochemicals have surged the demand for industrial automation consulting services.

Segmentation of the Global Industrial Automation Services by Product

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

The DCS segment accounted for nearly 45% of the market share during 2014. The high demand for power is the primary driver for the growth of this segment. The increase in food safety regulations across the pharmaceutical and oil and gas industries have also pushed the demand for services associated with DCS, especially in the APAC region. SCADA is the second largest segment of the market, and they help monitor and control industrial processes and infrastructure in manufacturing plants. Power, oil, and gas industries are the largest end-users of SCADA-based automation solutions.

Segmentation of the Global Industrial Automation Services by Geography

  • EMEA
  • Americas
  • APAC

EMEA led the global industrial automation services market during 2014 and is expected to do so till the end of 2019 but with a decrease in its market share. The Americas will also witness a decline in market shares during the forecast period due to the shift of automation services to the APAC region. APAC would see the fastest growth during the forecast period with countries like Japan, South Korea, India, and China being the major revenue contributors in the region.

Leading Vendors in the Industrial Automation Services Market

The global industrial automation services market consists international, regional, and local vendors. Regional and local vendors are finding it difficult to expand in the global market due to the need for high capital investment.

The Leading Vendors In The Market Are:

  • ABB
  • Honeywell
  • Rockwell Automation
  • Siemens

Other prominent vendors in the market include Applied Materials, Apriso, Aspen, Control Systems, Emerson Electric, Eyelite, GE, Metso, Miracom, Mitsubishi, Omron, SAP, Schneider Electric, Toshiba, Werum, and Yokogawa.

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