Press release
Industrial Automation Services Market to Reach US$ 332.4 Billion by 2028
Industrial Automation Services Market
Industrial Automation Services Market Outlook:
Industrial automation services are technological solutions specifically designed to automate industrial processes to reduce the need for human intervention. They are the combination of hardware, software, and services that help to reduce operational costs, improve efficiency, and increase safety. They include PLC programming, robotic integration, motion control, and vision systems designed to meet the customer's specific needs. Additionally, they can increase production speeds, improve product quality and reduce downtime. They also reduce energy consumption, reduce waste, and improve worker safety. Some of the commonly used industrial automation services include project engineering and installation, maintenance and support services, consulting services, and operational services. As a result, they find extensive application in a variety of industrial settings, such as manufacturing, logistics, and warehousing.
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Global Industrial Automation Services Market Demand:
The widespread adoption of industrial automation services across the industrial sector majorly drives the global market. This can be supported by increasing preference to adopt automation to reduce costs and improve operational efficiency. Since industrial automation services provide comprehensive support for the implementation of smart factories, including hardware installation, software integration, and system testing, this is significantly supporting the market. Coupled with this, various companies are employing machine vision to inspect products and sensors to monitor parameters, such as temperature and pressure, which is acting as another growth-inducing factor.
Apart from this, the rising utilization of industrial automation services across the logistics industry to automate operations, including inventory management, order fulfillment, and delivery, is propelling the market. Moreover, the growing integration of virtual reality (VR) and augmented reality (AR) with the solution, along with the advent of Industry 4.0, are creating a positive market outlook.
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Key Market Segmentation:
Top Companies in Industrial Automation Services Market:
• Siemens AG
• Honeywell International Inc.
• General Electric Company
• Mitsubishi Electric
• Rockwell Automation
• Johnson Controls Inc.
• Schneider Electric
• Yokogawa Electric Corporation
• OMRON Corporation
• Danaher Corporation
Breakup by Type of Service:
• Project Engineering and Installation
• Maintenance and Support Services
• Consulting Services
• Operational Services
Breakup by Product Type:
• DCS
• SCADA
• PLC
• MES
• Others
Breakup by End User:
• Discrete Industries
• Process Industries
Geographical Analysis:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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