Industrial Automation Services Market Size Worth USD 464.15 Billion In 2032 | Published by Emergen Research

The global industrial automation services market size is expected to reach USD 464.15 Billion in 2032 and register a revenue CAGR of 8.8% during the forecast period, according to the latest analysis by Emergen Research. Growing emphasis on worker safety can be attributed to the steady market revenue growth. The use of automation technologies in industrial processes is becoming increasingly important for both worker and equipment safety. Automation has made it possible for companies to develop systems that can identify potential risks before they happen, enhancing safety protocols and defending employees in hazardous situations.
The benefits of incorporating this technology into the workplace are obvious, but it can take some time to adopt industrial automation for better safety outcomes.
Manufacturers should start by carefully evaluating unique requirements and hazards of their facility to choose the automation technology that would be most appropriate for their operations. A great practice is to start by identifying labor-intensive, repetitive jobs since these are excellent candidates for automation.

The report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.

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Drivers of Industrial Automation Services Market Growth :
Several factors are fueling the adoption of industrial automation services. Firstly, the push for greater efficiency and productivity in manufacturing operations is prompting companies to invest in automation solutions to streamline workflows, reduce cycle times, and minimize downtime. Secondly, the rising labor costs and shortage of skilled workers in many regions are driving organizations to automate repetitive tasks and implement robotics and machinery for higher accuracy and consistency. Additionally, the increasing focus on quality control and regulatory compliance is driving the adoption of automation technologies to ensure adherence to standards and regulations.

Advantages and Growth Factors :
The adoption of industrial automation services offers numerous advantages and growth opportunities for businesses. By leveraging automation technologies such as robotics, programmable logic controllers (PLCs), and supervisory control and data acquisition (SCADA) systems, companies can improve production efficiency, reduce labor costs, and enhance product quality. Moreover, automation enables greater flexibility and scalability in manufacturing operations, allowing companies to quickly adapt to changing market demands and production requirements. Furthermore, automation services empower organizations to gather and analyze real-time data, enabling data-driven decision-making and predictive maintenance, which can further optimize operations and minimize downtime.

The report also discusses the key players involved in the market such as:
Siemens AG, Honeywell International Inc., General Electric Company, Mitsubishi Electric, Rockwell Automation, Johnson Controls Inc., Schneider Electric, Yokogawa Electric Corporation, OMRON Corporation, Danaher Corporation
The report provides a thorough estimation of the overall impact of the pandemic on the Industrial Automation Services Market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Industrial Automation Services Market

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Segment Analysis

For the purpose of this report, Emergen Research has segmented the global industrial automation services market based on the service type, product type, end-use, and region:

• Service Type Outlook (Revenue, USD Billion; 2019-2032)
o Project Engineering and Installation
o Maintenance and Support Services
o Consulting Services
o Operational Services

• Product Type Outlook (Revenue, USD Billion; 2019-2032)
o DCS
o SCADA
o PLC
o MES
o Others

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Discrete Industries
o Process Industries

• Regional Outlook (Revenue, USD Billion, 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. U.K.
3. France
4. Spain
5. BENELUX
6. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. Israel
4. Rest of MEA

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