Global MRO Market For Automation Solutions To Grow At A CAGR Of 12.84% During The Period 2016-2020

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The need to optimize operation and produce superior-quality products within the least possible time contributed to the adoption of automation solutions in the production facilities. Also, the need for continuous maintenance and repair work, and the necessity to achieve high operational efficiency of automation products drives the demand for MRO service from service providers, third-party vendors, and OEMs.

Initially, end-users used their in-house expertise to address MRO requirements for automation solutions in plants. As a result, they spent huge sum of money to provide training for the employees to carry out MRO. With technological advances in automation solutions, end-users need to update the training modules for the employees, and this has led to a large OPEX. In order to curtail the expenses, end-users started to outsource the MRO activities. The presence of both OEMs and independent service providers ensure service offerings of the highest quality. With the outsourcing of the MRO services, end-users are able to run their operations efficiently, thus reducing the time to market and ensuring higher production volume.

Technavios analysts forecast the global MRO market for automation solutions to grow at a CAGR of 12.84% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global MRO market for automation solutions 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of MRO services for industrial automation solutions.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global MRO Market for Automation Solutions 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
Honeywell International Inc.
Rockwell Automation Inc.
Siemens AG
W.W. Grainger Inc.

Other prominent vendors
Bilfinger
Brammer
Emerson Electric
General Electric
Omron
Rexel
Schneider Electric
Toshiba International
WESCO International
Wood
Yokogawa Electric
Yaskawa
Mitsubishi Electric

Market driver
Growth in outsourcing of operations
For a full, detailed list, view our report

Market challenge
Limited presence of single service provider with multi-vendor product knowledge
For a full, detailed list, view our report

Market trend
Emergence of Industry 4.0
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 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?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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