Press release
Automation Aftermarket Services and Outsourcing Market Size, Share in APAC 2015-2019 to Hit at CAGR of 12.18%
Automation of plant facilities and machinery using control and monitoring products is employed by end-user industries such as automotive, oil and gas, power, chemical, food and beverages, to increase their productivity and efficiency. These industries procure automation solutions and get aftermarket support from a single source vendor utilize outsourcing services based on their requirements and budgetary allocations. Technavio’s market research analyst estimates the automation aftermarket services and outsourcing market in APAC to witness a steady growth at a rate of around 12% during the forecast period. The increasing need to meet regulatory compliances in various industries is driving the growth of this market.
Industrial automation refers to automating a plants facilities and machineries using control and monitoring products such as drives, actuators, PLC, SCADA, and DCS. In plants, automation helps reduce human intervention in repeated operations, increase process efficiency, and aid in effective monitoring and control. Industries such as automotive, oil and gas, power, chemical, and food and beverage are the major end-users of automation solutions to increase their productivity and efficiency. End-users either introduce automation solutions and get aftermarket support from a single source vendor or go for outsourcing for all their automation needs based on their requirements and budgetary allocations. The outsourcing activity involves all the operations from consulting services to spare parts management.
This report covers the present scenario and the growth prospects of the automation aftermarket services and outsourcing market in APAC for the period 2015-2019. To calculate the market size, the report considers revenue generated from the different service types. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
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Competitive landscape and key vendors
The automation aftermarket services and outsourcing market is highly competitive with a large number of suppliers. The competition in this market is projected to intensify further due to the increase in R&D and mergers during the forecast period.
The leading vendors in the market are –
ABB
Honeywell
Rockwell Automation
Siemens
Other vendors in the market include Applied Material, Apriso, Aspen, Camstar, Control Systems, Emerson Electric, Eyelite, GE, Invensys, Metso, Miracom, Mitsubishi, Omron, SAP, Schneider, Toshiba, Werum Software, Wood Group Mustang, and Yokogawa.
Segmentation by service type and analysis of the automation aftermarket services and outsourcing
Outsourcing
Aftermarket
The outsourcing segment accounts for the majority of the market share as SMEs have a limited budget and prefer outsourcing to service providers to curtail operational expenditure (OPEX). The outsourcing segment is further classified into consulting, project engineering, system integration, and operations and maintenance (O&M).
Segmentation by end user and analysis of the automation aftermarket services and outsourcing market
Automotive
Power
Food and Beverage
Pharmaceutical
Oil and Gas
Chemical
The automotive industry accounted for the largest market share during 2014 but is predicted to witness a decline in share during the forecast period. The major automotive manufacturing countries like China and Japan are expected to observe maximum demand between 2015 and 2019.
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Growth drivers, challenges, and upcoming trends: Popularity of MAC concept
Upcoming trends like the main automation contractor (MAC) concept has encouraged automation vendors to become one-stop solution providers for the end user needs. The highly complex nature of automation has made it difficult for the end users to access and plan automation. Using MAC involves less planning and implementation time and standardization across various projects.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the automation aftermarket services and outsourcing market in APAC. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving automation aftermarket services and outsourcing market?
What are the key market trends impacting the growth of the automation aftermarket services and outsourcing 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 vendors in the automation aftermarket services and outsourcing market in APAC?
What are the key outcomes of the five forces analysis of the automation aftermarket services and outsourcing market?
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