The analysts forecast global industrial pressure measurement product services market to grow at a CAGR of 5.67% during the period 2018-2022. One trend in the market is increasing need for predictive maintenance.
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The high adoption of smart sensors has increased the adoption of predictive maintenance in industries.
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The implementation of predictive maintenance helps in defining the replacement and maintenance intervals for the equipment present within the industry. This aids the industries in reducing the downtime and stocking the inventory for replacement.
Major key players in the global industrial pressure measurement product services market: ABB, Honeywell, Rockwell Automation, Schneider Electric, Siemens, Yokogawa Electric.
According to the industrial pressure measurement product services market report, one driver in the market is growing need to maximize production yield. The process and discrete industries across all geographies are looking to maximize their production yield by reducing the downtime.
The reduction of downtime can be achieved by maintaining the equipment in proper condition. Calibration of the equipment ensures that it is ready to be used in industrial facilities.
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Further, the industrial pressure measurement product services market report states that one challenge in the market is high competition due to price sensitivity. The presence of numerous vendors in the global industrial pressure measurement product services market affects the pricing of the services provided by different vendors.
The pricing for the services offered by most vendors is similar to that of the competitors.
Key questions answered in this industrial pressure measurement product services market report:
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Few Points from List of Exhibits Provided in Global Industrial Pressure Measurement Pr…t Services Market 2018-2022:
Exhibit 1: Parent market
Exhibit 2: Global Industrial Pressure Measurement Product Services Market
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global industrial pressure measurement product services market Market size and forecast 2017-2022 ($ mn)
Exhibit 9: Global industrial pressure measurement product services market Year over year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Customer landscape
Exhibit 19: End-user Market share 2017-2022 (%)
Exhibit 20: Comparison by end-user