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Global Industrial Services Market – Impacted by Operational Excellence, Maintenance Services and Equipment Complexities
Industrial Services Market Research Report 2016-2024
According to Goldstein Research, industrial services market is expected to reach USD 42.6 billion by 2024, growing at a CAGR of 5.8% over the forecast period 2016-2024. With the advent of globalization, large IT firms are multiplying their business in various regions of the world, thus, driving the growth of the market. Global industrial services market segmentation has been done on the basis of type, industry, application, end-user and geography.
Oil and gas industry has the largest application of industrial services owing to huge complex processes and requirement of operational efficiency to level up the falling oil prices. Global industrial services market is largely dominated by Asia-Pacific region acquiring 43.2% market share in 2016 on the back of increasing automation services and adoption of cloud connectivity. Asia-Pacific is followed by North America market share of 29.1% in 2016 on account of the huge investments to provide quality industrial services.
On the basis of our in-depth analysis, Global Industrial Services Market can be segmented as follows:
Industrial Services Market By Type
- Engineering & Consulting
- Operational Improvement & Maintenance
- Installation & Commissioning
Industrial Services Market By Industry
Industrial Services Market By Application
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Valves & Actuators
- Electric Motors & Drives
- Manufacturing Execution System (MES)
Industrial Services Market By End User
- IT and Telecom Industry
- Transportation Industry
- Metals & Mining Industry
- Food & Beverages Industry
- Oil & Gas Industry
Industrial Services Market By Region
- North America
- Middle East and Africa
- Latin America
- Asia Pacific
Further, for the in-depth analysis, Global Industrial Services Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market research report also includes competitive outlook of some of the major players profiling of companies such asABB, Emerson Electric, General Electric, Honeywell International Inc., Metso Corporation, Rockwell Automation, Samson AG, Schneider Electric, Siemens AG and SKF AB
Objective of Report:
- To analyze and forecast market size industrial services market..
- To calculate the expected growth rate of industrial services market.
- To classify and forecast industrial services market based on product type, By Industry, By Application,,by end user, by region
- To identify market Key Players, driving factors, & trends of industrial services market with the help of SWOT Analysis.
- To identify and analyze the profiles of leading players involved in the manufacturing and supplying of industrial services market.
- To identify market opportunities for the existing and entry level players.
Overall, the report represents the global industrial services market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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About Goldstein Research
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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on hardware and ICT industry reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.