The
industrial services market typically comprises the services provided by
original equipment manufacturers (OEMs) and third-party vendors for
process and discrete industries. Industrial services play a key role in
achieving operational excellence in these industries. The industrial
services offering include engineering & consulting, installation
& commissioning, and operational improvement & maintenance.
These services assist the end user to improve the reliability,
availability, and efficiency of the plant. Moreover, these services help
in reducing the unexpected downtime, thereby increasing the
productivity of the plant.
Industrial services market is expected
to be valued at USD 33.6 billion in 2020 and is expected to reach USD
44.1 billion by 2025, at a CAGR of 5.6% between 2020 and 2025. Key
factors driving the demand for industrial services include the growing
need for operational excellence, increasing demand for
maintenance-as-a-service, and increasing equipment complexity.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209335409
ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corp. (Japan), Mitsubishi Electric Corporation (Japan), Metso Corporation (Finland), and Samson AG (Germany) are among the major players in the industrial services market.
Siemens offers industrial services such as engineering and consultancy, installation, commissioning, maintenance, and training for process and discrete industries. Siemens AG delivers industrial services for its end user in the industry including energy, power, oil & gas, aerospace, food & beverages, marine, mining, and automotive. The company’s industrial services portfolio includes consulting, repair, training, and maintenance. Consulting services include online customer support, technical and engineering consulting to advise about operational process, fault clearance, and status of the plant. Onsite repair services and extended repair services are offered under the repair service segment to confirm the fast restoration of errors detected in the equipment and system. Siemens is working toward offering 3D printing products and solutions to global medical manufacturing companies to speed up the development and manufacturing of medical components. However, due to the pandemic, the factory automation unit and smart infrastructure business of the company would be the hardest hit. The company is continuously monitoring all aspects of the COVID-19 situation, evaluating all new developments, and undertaking measures to protect its employees.
ABB provides industrial services for energy, utilities, transportation, and infrastructure sectors. ABB is a leading power and automation technology company. ABB offers services for products and systems in the process and discrete industries. The company’s service portfolio includes engineering and consulting, installation and commissioning, training, maintenance, and repair. The company’s electrification products business segment offers industrial services such as installation, engineering, training, and technical support to the power distribution sector. Moreover, the discrete automation and motion business segment provides engineering, installation, training, and maintenance services for electric motor and drives in the various industries to increase the flexibility, productivity, and energy efficiency of their plants. In December 2019, ABB has signed a new frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide, helping minimize cost, schedule, and risk.
Related Reports:
Industrial Services Market with COVID-19 Impact by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (MES, Motors & Drives, DCS, HMI, PLC), Industry, and Region - Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently, servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment