1. Market Research
Industrial Services Market by Type, Application, Industry, and Region - Global Forecast to 2023

Industrial Services Market: Global Forecast until 2023

  • July 2017
  • 162 pages
  • ID: 5011653


Table of Contents

Search Inside

"Industrial services market intended to grow at a significant rate between 2017 and 2023"

The industrial services market is anticipated to increase at a compound annual growth rate (CAGR) of 5.40 percent between 2017 and 2023 and would be worth ~$35.4B by 2023. The main key factors driving the increase of the industrial services market are the development strategies, including service contracts and service agreements, product developments, alliances, and business developments, implemented by the actors operating in the industrial services; increasing demand for operational excellence; growing demand for maintenance as a service; and rising equipment complexity. Nevertheless, the main restraining factors for the increase of this market are varying compliances across localities and lack of skilled personnel.

"Operational improvement and maintenance services projected to hold the most important share of the industrial services market, established on category, during the estimate period"

The operational improvement and maintenance services is intended to hold the biggest share in the global industrial services market. The increasing need for operational excellence has driven the use of ad-hoc and emergency maintenance. Also, the industry demand for predictive maintenance services and growing equipment complexity would help in the increase of the industrial services market for operational improvement and maintenance services.

"The oil & gas sector forecasted to hold the most important share of the global industrial services market in 2017"

The impact of reduced oil prices has created a demand for industrial services. There is a need for operational efficiency in the oil & gas market. Modern services including remote monitoring and predictive maintenance can reduce the unexpected downtime. Owing to these factors, the oil & gas sector is forecasted to hold the biggest share of the global industrial services market.

Furthermore, the industrial services market for the automotive sector is anticipated to rise at the highest compound annual growth rate (CAGR) during the outlook period. In the automotive market, there are processes including welding, cleaning, and assembly, which are time-consuming and hence need to be automated. The use of micro PLC helps in monitoring the production processes, thereby reducing the time required for production and resulting in increased efficiency. The increasing demand for micro and nano PLCs in the automotive sector is driving the rise of the industrial services market.

"Industrial services market in Asia-Pac forecasted to grow at the quickest rate during the estimate period"

The industrial services market in Asia Pacific (APAC) is anticipated to grow at the quickest rate between 2017 and 2023.

With the increasing trend of cloud connectivity in the APAC, sectors would adopt Industrial Internet of Things -based remote monitoring and predictive maintenance services in this area. Adoption of these services would benefit the Asia-Pacific regions to grow at the quickest rate during the outlook period. The emerging economies including China and India (IN) are supporting the increase of the industrial services market. The governments of these countries are encouraging investments from foreign actors in the plan and discrete sectors.

The break-up of the profiles of primary members taking part for the analysis has been provided below.

• By Organization: Tier 1 - 45.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite executives - 40.0 percent and Managers - 60.0 percent

• By Area: Americas - 30.0 percent, Europe (EU) - 20.0 percent, Asia-Pac - 35.0 percent, and rest of the world - 15%.

The top players operating in the industrial services market are ABB, Emerson Electric, General Electric (NYSE:GE), Honeywell (NYSE:HON), and Rockwell Automation (NYSE:ROK), Schneider Electric, Voith, Wood Group Mustang, Yaskawa, Mitsubishi Electric, and SKF AB, ATS Automation, Dynamysk Automation Ltd, and INTECH Process Automation, Danfoss, Fuji Electric, Iconics, Metso Corporation, Samson AG, Prime Controls LP, Tesco Controls Inc., Velan Inc., WEG, Wunderlich-Malec Engineering, and Samson AG.

Segment Research

The research report on the industrial services market is divided on the basis of type, application, market, and territory. The sector has been sliced n the basis of category into engineering and consulting, installation and commissioning, and operational improvement and maintenance services. Established on applications, the industrial services market has been categorized into PLC, SCADA, HMI, DCS, MES, electric motors and drives, valves and actuators, and safety systems. The industry has been divided on the basis of sector into chemicals, pharmaceuticals, oil & gas, automotive, aerospace & defense, water & wastewater, metals & mining, food & beverage, and energy & power.

Main highlights

Figures of segmentation, review, and estimate for the sector established on category, application, market, and area have been conducted to present an global view of the industrial services market.

The value chain study is provided, which offers a detailed insight into the industrial services market.

The main drivers, market restraints, alternatives, and opportunities for the industrial services market have been precised in this industry report.

The market research includes an exhaustive competitive analysis, detailed DIVE review, and revenue of the main actors.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.