Global Industrial Automation Services Market - Share, Industry Growth and Recent Trends by Forecast to 2023

Market Highlights

The global industrial automation services market is projected to witness a rapid growth during the forecast period owing high growth opportunities in emerging economies and rising adoption of automation techniques. Moreover, increasing demand for industrial automation services across various industry verticals such automation and transportation, metals and mining, oil and gas, energy and power system, chemical, material and food is likely to boost the market growth.

The global industrial automation services market by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the industrial automation services market in North America is expected to witness a significant growth and hold the largest market share during the forecast period. The U.S and Canada are anticipated to drive the growth of the North American industrial automation services market owing to the presence of large number of established key players such as Honeywell International Inc. (U.S.) General Electric Company (U.S.) and Danaher Corporation (U.S.) in the region. Due to the high adoption of robots in the manufacturing unit and rising technological advancement in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows higher penetration of automation solutions and ultimately provides better productivity. Increasing need for innovations and advancements in the technology are other major factors responsible for the growth of the industrial automation services market.

In the global industrial automation services market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the low labor cost, emerging economies and technological advancement in industrial automation services in the region.

The global industrial automation services market is projected to reach USD 55.60 billion at a CAGR of over 10% by the end of the forecast period 2017-2023.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Industrial Automation Services Market Research Report-Forecast to 2023”.

Segmentation:

Global Industrial Automation Services Market is segmented on the basis of solution, service, and end user. The end user segment is classified into automation and transportation, metals and mining, oil and gas, energy and power system, chemical, material and food. The demand for the product is increasing from the environment and building technologies, heavy industries, and other segments. The energy and power systems is one of the major factors driving the demand for the industrial automation industry across globe.

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.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

+1 646 845 9312

Email: sales@marketresearchfuture.com

Blog: http://mrfrblog.com/

Comments

Post a Comment

Popular posts from this blog

Covid 19 Electrical & Electronics Testing, Inspection and Certification Market - Trends By 2025

Global electrical & electronics testing, inspection & certification market 2020 is expected to see attaining CAGR of 5.8%, which is considered as growth rate. With this, the market will also be valued with the worth of USD 133,116.9 Million by 2025, during the growth period, which is from the year 2019–2025. The reports presented discloses that the market growth is mainly driven by swelling demand in household appliance testing, mounting need for electrical equipment validation, as well as increasing globalization & growing need for brand protection. The electrical electronics testing, inspection, & certification market displays a prominent growth potential during the forecast period as it is driven by a factor of snowballing demand in household appliance testing and developing need for equipment validation. Market Segmentation The global electrical & electronics testing, inspection, & certification market is also segmented among the service type, product, offer
Read more

3D Imaging Market Covid 19 - Share, Top Companies Profile, Forecast to 2023

3D technologies are being adopted in a vast manner by several organizations across different industry verticals. Several factors that are driving the global 3D imaging market such as machine vision applications of industrial automation, rise in the demand for 3D medical imaging and an ascension in the usage of technology of products like cameras, smartphones, and television. 3D imaging has several advantages upon application, in medical and healthcare industries. 3D imaging facilitates diagnosis, treatment and surgical planning, while enhancing clinical productivity. The global 3D imaging market is prognosticated to upscale at 28% CAGR by 2023 The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created. Market Segmentation The global 3D imaging market is segmented on the basis of hardware, display technologies, imaging s
Read more

Robotic End-Effector Market - Growth, Share, Sales Revenue and Regional Forecast 2025

  Following an extensive evaluation, Market Research Future (MRFR) says that the global robotic end-effector market 2020 can note considerable gains of USD 4,827.54 Million by 2025. MRFR also reports that the market value in 2018 was USD 2,288.88 Million in 2018 and the expansion rate can most likely be around 16.10% between 2019 and 2025 (forecast period). Get Free Sample at:  https://www.marketresearchfuture.com/sample_request/8571 Main Drivers and Key Barriers The rising adoption of robots to assist and perform various tasks such as welding, household works, machine handling, and more can be one of the top growth boosters in the robot end-effector market. End-effectors are available in from of various devices that are either installed or connected at the robot’s wrist to interact with the work components to conduct certain tasks. For example, the welding torch is placed at the end of the robot arm to weld a particular component. The growing application of robots in pick and place op
Read more