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Industrial Services Market Report 2023 - Market Size, Growth Rate, Share, Growth And Forecast To 2032 | ABB Ltd., Emerson Electric Co, Honeywell International Inc., Schneider Electric SE, Rockwell Automation Inc.
Industrial Services Market
Industrial Services Market Size, Growth Rate, And Forecast
The global industrial services market is expected to grow from $31.35 billion in 2022 to $33.31 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial services market is expected to grow to $40.75 billion in 2027 at a CAGR of 5.2%.
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Industrial Services Market Drivers
The increase in demand for predictive maintenance services is expected to propel the growth of the industrial services market going forward. The continual monitoring of the status of industrial equipment while it is in use is referred to as predictive maintenance.
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Industrial Services Market Segments
• By Type: Engineering and Consulting, Installation and Commissioning, Operational Improvement and Maintenance.
• By Application: Distributed Control System, Programmable Logic Controller, Supervisory Control and Data Acquisition, Electric Motors and Drives, Valves and Actuators, Human Machine Interface, Manufacturing Execution System, Safety Systems, Industrial PC, Industrial 3D Printing, Industrial Robotics.
• By End-User: Oil and Gas, Healthcare and Pharmaceuticals, Chemicals, Automotive, Water and Wastewater, Chemicals, Food and Beverages, Energy and Power, Semiconductor and Electronics, Paper and Pulp, Metals and Mining, Aerospace, Other End Users.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Industrial Services market.
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Industrial Services Market Key Players
Major competitors in the industrial services market include ABB Ltd., Emerson Electric Co, Honeywell International Inc., Schneider Electric SE, Rockwell Automation Inc., Siemens AG, General Electric Company.
The Business Research Company's "Global Industrial Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Industrial Services Market Include:
1. Executive Summary
2. Industrial Services Market Characteristics
3. Industrial Services Market Trends And Strategies
4. Industrial Services Market - Macro Economic Scenario
5. Industrial Services Market Size And Growth
……
26. Africa Industrial Services Market
27. Industrial Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Services Market
29. Industrial Services Market Future Outlook and Potential Analysis
30. Appendix
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