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Global industrial services market growth 5.68 % by 2024 explored in latest research

Global industrial services market growth 5.68 % by 2024 explored in latest research

Global Industrial Services Market By Type (Engineering and Consulting, Installation and Commissioning and Operational Improvement and Maintenance), Application (PLC, SCADA, HMI, DCS, MES, Electric Motors & Drives, Valves, Actuators, Safety Systems), By end user (Automotive, Transportation, Others), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Global Industrial Services Market accounted to USD 25.60 billion in 2016 growing at a CAGR of 5.68 % during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The Industrial Services are the services which are provided by companies to the industries according to their need. The services includes in this are engineering and consulting, installation and commissioning and operational improvement and maintenance.

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Major Market Drivers and Restraints

  • Growing Point of Sale (PoS) Devices and Services
  • Increasing Patient Health Monitoring Devices
  • Technological Advancements
  • Government Initiatives
  • Increasing demand for maintenance

Market Segmentation: 

The global industrial services market is segmented on the basis of raw materials, application, technology, end-user, and geography.

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By type the industrial services market is segmented into engineering and consulting, installation and commissioning and operational improvement and maintenance.

On the basis of application the market is segmented into Programmable logic controller (PLC), Supervisory control and data acquisition (SCADA), human machine interface (HMI), distributed control system (DCS), Manufacturing execution system (MES), electric motors & drives, valves, actuators and safety systems.

By end user the industrial services market is segmented into automotive, transportation and others.

On the basis of geography, industrial services market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

Major Key Players:

AT&T Inc., Cisco Systems, Inc.,  Commsolid GmbH , Fanstel Corporation, Vodafone Group PLC, Murata Manufacturing Co., Ltd., U-blox Holding AG, Gemalto N.V., Intel Corporation, Texas Instruments Incorporated, NXP Semiconductors N.V. among others.

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