Industrial Services Market Outlook 2027 By Applications, Size, Share, Trends, Future Growth
According to TechSci Research, Global industrial services market is growing at a brisk CAGR in value terms owing to growing need for operational quality, increasing equipment complication, product developments and increasing demand for maintenance as a service. APAC region is predicted to hold the largest market share over the next five years due to the growing industrial automation and related services in countries like India, China, and Japan. Moreover, the growing trend of cloud connectivity in Asia-Pacific countries would contribute to need for industrial internet of things (IIoT) and predictive maintenance services which will further drive the industrial services market in the region.
Global industrial services market is segmented by type, by application, by industry and by region. By industry, it is further segmented into chemicals, aerospace & defence, automotive, pharmaceuticals, metals & mining, and others. Based on industry, in 2021, oil & gas industry held the largest market share and is expected to maintain its dominance during the next five years as well due to growing demand for minimizing the unanticipated downtime and to increase the usage of industrial services.
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Some of the leading players in the global industrial services market include General Electric, Metso Corporation, Siemens AG, Wood Group Mustang, Honeywell International Inc., ABB, Emerson Electric, Rockwell Automation, Samson AG, Schneider Electric, among others.
- To analyse and forecast the market size of Industrial Services, in terms of value.
- To classify and forecast global Industrial Services based on type, application, industry, and regional distribution.
- To identify drivers and challenges for global Industrial Services.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Industrial Services.
- To conduct the pricing analysis for Industrial Services.
- To identify and analyse the profile of leading players involved in the manufacturing of global Industrial Services.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of collaboration manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of Global Industrial Services using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Component manufacturers
- Original equipment manufacturers (OEMs)
- Original design manufacturers (ODMs)
- Raw material and manufacturing equipment suppliers
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Type · Application · Industry |
Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
Key Companies Profiled | General Electric, Metso Corporation, Siemens AG, Wood Group Mustang, Honeywell International Inc., ABB, Emerson Electric, Rockwell Automation, Samson AG, Schneider Electric. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Global Industrial Services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Industrial Services Market, By Type:
- Engineering & Consulting
- Operational Improvement & Maintenance
- Installation & Commissioning
- Global Industrial Services Market, By Application:
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Valves & Actuators
- Electric Motors & Drives
- Manufacturing Execution System (MES)
- Others
- Global Industrial Services Market, By Industry:
- Chemicals
- Aerospace & Défense
- Automotive
- Pharmaceuticals
- Metals & Mining
- Others
- Global Industrial Services Market, by Region:
- Asia Pacific
§ China
§ India
§ Japan
§ South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
§ France
§ Germany
§ United Kingdom
§ Italy
§ Spain
- North America
§ United States
§ Mexico
§ Canada
- South America
§ Brazil
§ Argentina
§ Colombia
- Middle East and Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Industrial Services.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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