Industrial Automation Services Market Research Report - Global Forecast to 2023
Industrial Automation Services Market Research Report Global Forecast to 2023
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Copyright Š 2017 Market Research Future.
Industrial Automation Services Market Research Report - Global Forecast to 2023
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Copyright © 2017 Market Research Future.
Industrial Automation Services Market Research Report - Global Forecast to 2023
Summary: Industrial Automation Services Market: By Service (Professional Service, Consulting, Training), Solution (Distributed Control System, Programmable Logic Controller, SCADA and Others), End User (Automotive, Manufacturing, Energy & Power) – Global Forecast till 2023
Market Overview: The global market for industrial automation services 2020 can potentially advance at an approx. rate of 10% from 2017 to 2023 (review period), reveals Market Research Future (MRFR). The market can also reach a valuation of USD 55.60 Billion, indicating considerable gains during the given timeframe. Industrial automation services market involve a vast set of technologies as well as automatic control devices that help boost the quality and productivity of products, while bringing down the production cost. These services also help lower human intervention in industrial processes and ensure better performance compared to humans. It involves the use of robots, computers, information technologies and control systems that manage industrial processes. Some globally known companies in the industrial automation services industry include Mitsubishi Electric Factory Automation, ABB Ltd., Emerson Electric Company and Siemens, to mention a few. Industrial automation services help standardize all the processes within an industry, facilitating superior-quality and consistent results. Therefore; its demand in a variety of industries to achieve reliable and qualitative manufacturing has soared considerably over the years. It also enables mass production in industries, given its capability to prevent human intervention, improve the product quality, and cut down labor expenses, all of which culminates in reduced operational costs. The industrial automation services are gaining traction because of the emergence of the Industry 4.0 trend along with IoT enabled smart technologies. The rapidly increasing number of SMES, rising popularity of Internet of Things and cloud-based automation, high demand for smart factories, supply chain synchronization, mass customization and developments in the M2M communication technology also benefit the worldwide market
Segmentation: The main segments considered in the report, depending on which the industrial automation services market has been analyzed, include service, solution, and end user. The service segment can be narrowed down into consulting, professional service, system integration services, technical training, and others. Between these, the consulting services note the highest demand in the market as they help back every stage of the projects, ranging from the startup to the ongoing maintenance. It also leverages the existing assets to boost the output, enhance the quality, ensure safety and also cater to regulations.
Regional Analysis: The global industrial automation services market is studied for Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North American region accounts for the largest share of the market. Asia
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Industrial Automation Services Market Research Report - Global Forecast to 2023
Pacific is expected to show the highest growth opportunities, prominently, in India and China. Owing to increasing population, manufacturers in the region are using automation systems in their assembling units to improve plant operation and to meet international standards, low cost labor and skilled workforce.
Competitive Dashboard: Some of the prominent players in the global industrial automation services market: Siemens AG (German),Honeywell International Inc.,(U.S.) General Electric Company (U.S.), Mitsubishi Electric(Japan), Rockwell Automation(U.S.), Johnson Controls Inc.(U.S.), Samsung Electronics Co., Ltd. (South Korea), Schneider Electric (France), Yokogawa Electric Corporation(Japan), OMRON Corporation (Japan), Danaher Corporation (U.S.) among others.
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Copyright Š 2017 Market Research Future.
Industrial Automation Services Market Research Report - Global Forecast to 2023
AdorPix LLC (US), and ProDPI (US). Pa ge |5
Copyright © 2017 Market Research Future.