Industrial Services Market

Industrial Services Market by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (MES, Motors & Drives, DCS, HMI, PLC), Industry, and Region - Global Forecast to 2025

Report Code: SE 5408 Dec, 2020, by marketsandmarkets.com

The Industrial services market size is projected to grow from USD 33.6 billion in 2020 to USD 44.1 Billion by 2025, at a CAGR of 5.6% between 2020-2025.

Industrial services help industry plants not only to improve productivity and working efficiency but also to reduce downtime and maintenance costs. These services assist the user in improving the plant's reliability, availability, and efficiency. The key industrial services are engineering & consulting, installation & commissioning, and operational improvement & maintenance. These are provided either by OEMs or third-party vendors.

Industrial Services Market

Industrial Services Market Forecast to 2025

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The growth of the industrial services market is attributed to the growing need for operational excellence, increasing demand for maintenance-as-a-service, and increasing equipment complexity. Operational excellence is one of the major factors that help industry players achieve optimal performance in the production process. Operational excellence services deliver ongoing training and maintenance services. Operational excellence plays a major role in process industries such as oil & gas, chemicals, and petrochemicals. With the help of operational excellence, the company can improve the performance of certain tasks with the least errors.

Industrial Services Market Dynamics:

Driver: Increasing demand for maintenance-as-a-service

Excellency in maintenance is a key factor for production cost control. Maintenance services include the repair and replacement of components in a manufacturing plant.

The providers offering maintenance services can assure the plant manager to reduce the maintenance cost, thereby improving the plant's productivity. Maintenance services could extend the life of capital assets by decreasing their rate of deterioration. Maintenance services ensure that safety devices are inspected and repaired regularly, thereby minimizing the risk of accidents in the manufacturing industry. Not all companies have in-house experts to monitor and maintain the plant equipment. In such cases, maintenance-as-a-service helps with convenient monitoring by skilled personnel.  

Restraint: Lack of skilled personnel

The systems and equipment have become technically complex with product and technology developments. Hence, trained and skilled personnel are required to provide industrial services to companies effectively.

An industrial services provider needs trained and certified personnel to provide services in accordance with the standards set by domestic or international governing bodies, such as the American National Standard Institute (ANSI) and the Association of Home Appliance Manufacturers (AHMA). However, there has been a global lack of skilled personnel. The lack of a skilled workforce affects service efficiency and performance.

Opportunity: Collaboration of industrial services providers with OEMs

Collaboration with an original equipment manufacturer (OEM) is one of the best strategies to expand the client base for industrial services. This business development approach will help OEMs and service providers boost their business. The collaboration will help service providers to get the installed base of OEMs while OEMs can sell the products with extended service agreements.

Challenge: Demand for integration of services

Industrial plant managers want a sole contractor to fulfill their outsourced services requirements. A sole contractor providing all industrial services can resolve the plant's problems on time, rather than the multiple contractors that provide separate/different industrial services according to their expertise and area of business operations.

The approach of integration of services is helping power plants to reduce maintenance costs and downtime to improve the lifecycle of the equipment and systems. It is challenging for other industrial service providers to offer such a wide and integrated service portfolio.

Industrial Services Market Segment Insights:

Industrial Services Market

Based on type, the operational improvement and maintenance service accounted for the largest share of the industrial services market in 2019

The industrial services market has been segmented based on type into engineering, consulting installation, commissioning, and operational improvement and maintenance. Timely operational improvement and maintenance of devices and systems are needed to ensure appropriate functioning during an emergency.

The functional improvement and maintenance services segment includes ad-hoc, emergency, scheduled, and predictive maintenance. These services help process and discrete industries to avert unexpected faults and enhance the life of equipment and systems, thereby driving the growth of the operational improvement and maintenance segment globally. Operational improvement and maintenance services use an integrated approach that combines organizational and technical solutions to enhance the working efficiency of a plant.

Based on application, the MES segment held the largest share of the industrial services market in 2019

The industrial services market has been classified into electric motors & drives, programmable logic controllers (PLC), distributed control systems (DCS), supervisory control & data acquisition (SCADA), manufacturing execution system (MES), human machine interface (HMI), industrial robotics, industrial 3D printing, industrial PC, and safety systems.

MES can process several tasks by controlling the number of production processes. MES helps maintain all the data related to the manufacturing process, such as raw material converted into finished goods and related documentation, and data from robots and employees. MES helps improve productivity and reduce the production cycle time required for an order to be completed.

Based on industry, the automotive industry held the largest share of the industrial services market in 2019

The industrial services market is segmented by industry: automotive, aerospace, oil & gas, energy & power, healthcare & pharmaceuticals, food & beverages, chemical, and semiconductor & electronics, among others.

The automotive industry deals with the design, development, and manufacturing of vehicles. In this industry, automation plays a vital role in inventory management, performance analysis, design process, and supply chain management. In an assembling process, automation helps companies to reduce production time and increase productivity.

Industrial Services Market Regional Insights:

Based on region, the market in Asia Pacific accounted for the largest share in 2019 and is also expected to register the highest CAGR during the forecast period

In any industry, keeping all the equipment in operational condition is crucial to achieving daily production targets. Hence, industrial services play an essential role in managing industrial assets.

The governments of several countries, such as China and India, are encouraging investments from foreign players in the process and discrete industries, thereby driving the adoption of industrial services in the region.   

Industrial Services Market  by Region

Industrial Services Market by Region

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In recent years, the gas demand in China has surged sharply due to the expansion of the petroleum industry, improvement in living standards, and the development of gas infrastructure. The demand for industrial automation in China is growing. This trend would boost the need for industrial services providers for automation products such as PLC, SCADA, HMI, and DCS. Increasing industrialization in India has created a demand for DCS, SCADA, MES, and HMI in the process and discrete industries.

This factor would lead to national investment, the creation of manufacturing zones, and increased manufacturing activity in the automation sector, thereby boosting the demand for automation products and industrial services. Japan is known as an early adopter of technologies. The Industrial Internet of Things (IIoT)-based services such as remote monitoring and predictive maintenance would drive the growth of the industrial services market in the coming years.

Key Market Players in Industrial Services Industry

Some of the Major players in the industrial services market are Siemens (Germany),  ABB (Switzerland), Honeywell International (US), Schneider Electric (France), and Rockwell Automation, Inc. (US). These players have adopted various growth strategies such as contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches to expand their presence in the industrial services market.

Siemens

Siemens is mainly engaged in the electrical engineering and electronics business. The company is a leading supplier of power transmission, power generation, and infrastructure solutions, coupled with automation, drive, and software solutions. Siemens operates through 5 business segments— Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services.

Siemens offers industrial services such as engineering and consultancy, installation, commissioning, maintenance, and training for process and discrete industries. Siemens provides automation systems, identification systems, industrial communication systems, industrial controls, industry services, manufacturing execution systems (MES), operator controls and monitoring systems, PC-based automation solutions, power supplies, process analytics, and process control systems.

ABB

ABB is one of the leading technology companies providing a wide range of products such as control room solutions, metallurgy products, electric vehicle charging infrastructure, motors and generators, measurement and analytics, and mechanical power transmission. The ABB Group was founded in 1988 due to the merger between Asea AB (Sweden) and BBC Brown Boveri AG (Switzerland). The company operates through four business divisions: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. The Robotics & Discrete Automation segment offers products, solutions, and services under two separate business areas: Robotics and Machine Automation.

Under the Robotics section, the company provides industrial robots, software, field services, spare parts, robotics systems and solutions, and related digital services. The Machine Automation section provides solutions based on programmable logic controllers (PLC), servo motion, transport systems, industrial PCs (IPC), and machine vision. In 2021, the Industrial Automation business division was renamed Process Automation. The division deals with the measurement and analytics business that caters to industries such as oil & gas, chemical, marine, and ports.

Industrial Services Market Report Scope

Report Metric

Details

 Market Size Value in 2020  USD 33.6 Billion
 Revenue Forecast in 2025  USD 44.1 Billion
 Growth Rate  5.6%

 Years considered

 2016–2025

 Base year considered

 2019

 Forecast period

 2020–2025

 Forecast units

 Value (USD million/billion)

 Segments covered

  •  Type,
  • Application,
  • Industry

 Regions covered

  •  North America,
  • APAC,
  • Europe,
  • RoW

 Companies covered

  • ABB Ltd. (Switzerland),
  • Emerson Electric Co. (US),
  • General Electric Co. (US),
  • Honeywell International Inc. (US),
  • Schneider Electric SE (France),
  • Rockwell Automation, Inc. (US),
  • Siemens AG (Germany),
  • Yokogawa Electric Corp. (Japan),
  • Mitsubishi Electric Corporation (Japan),
    are among the few major players in the Industrial services market.
    A total of 25 companies are covered in this study.
 Key Market Driver  Increasing Demand For Maintenance-as-a-service
 Largest Growing Region  Asia Pacific
 Largest Market Share Segment  Industrial 3D Printing
 Highest CAGR Segment  Medical Imaging & Diagnostics Segment


In this report, the overall industrial services market has been segmented on the basis of type, application, industry, and region.

By Type

  • Engineering & Consulting
  • Installation & Commissioning
  • Operational Improvement & Maintenance

By Application

  • Motors and Drives
  • Distributed Control System (DCS)
  • Programmable Logic Controller (PLC)
  • Supervisory Control and Data Acquisition (SCADA)
  • Human Machine Interface (HMI)
  • Safety Systems
  • Manufacturing Execution System (MES)
  • Industrial Robotics
  • Industrial 3D Printing
  • Industrial PC

By Industry

  • Oil & Gas 
  • Energy & Power
  • Chemicals
  • Food & Beverages
  • Aerospace
  • Automotive
  • Healthcare & Pharmaceuticals
  • Metal & Mining
  • Water & Wastewater
  • Semiconductor
  • Paper & Pulp
  •  Others (Telecommunication, and Marine)

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East
    • Africa

Industrial Services Market Highlights:

Industrial Services Market  by Highlights

What is new?

  • Major technological developments impacting the business landscape, as well as market forecasts

The industrial services domain has witnessed numerous technological advancements in terms of offerings and end-user application coverage over the years. Substantial investments have been made in the research & development and upgrades of industrial services. R&D in software technologies and data analytics has enhanced the applicability of industrial services over the years. The benefits of technological advancements and the expected opportunities significantly impact the value chain of industrial services.

  • Emerging Technology Trends
    • Artificial Intelligence (AI)
    • Internet of Things (IoT)
    • Virtual Reality (VR)
  • Addition/refinement in market segmentation–Increase in depth or width of segmentation of the market
  • Industrial Services Market, by Type
    • Engineering & Consulting
      • System Configuration
      • Compliances
      • Infrastructure Audit
    • Installation & Commissioning
      • Training
      • Testing & Certification
    • Operational Improvement & Maintenance
      • Ad-Hoc and Emergency Maintenance
      • Scheduled Maintenance
      • Mechanical
      • Predictive Maintenance
  • Industrial Services Market, By Application
    • Distributed Control System (DCS)
    • Programmable Logic Controller (PLC)
    • Supervisory Control and Data Acquisition (SCADA)
    • Motors & Drives
      • Digitization Scenario
        • Artificial Intelligence (AI)
        • Smart Sensor
        • Connectivity
      • Other Services
        • Repair and Maintenance
        • Parts Replacement
    • Human Machine Interface (HMI)
    • Manufacturing Execution System
    • Safety Systems
      • Burner Management System (BMS)
      • Emergency Shutdown System (ESD)
      • Fire & Gas Monitoring & Control
      • High-Integrity Pressure Protection System (HIPPS)
      • Turbomachinery Control (TMC)
    • Industrial PC
    • Industrial 3D Printing
    • Industrial Robotics
  • Industrial Services Market, by Industry
    • Automotive
    • Aerospace
    • Chemicals
    • Food & Beverages
    • Healthcare & Pharmaceuticals
    • Oil & Gas
    • Metals & Mining
    • Energy & Power
    • Semiconductor & Electronics
    • Water & Wastewater
    • Others (Pulp & Paper, Marine, and Telecommunications)
    • Updated market share of existing players and inclusion of new players in the industrial services market

    Company profiles: Company profiles give a glimpse of the key players in the market with respect to their business overviews, financials, product offerings, recent developments undertaken by them, and MnM view. In the new edition of the report, we have a total of 25 players (15 major, 10 Startups/SME). Moreover, information has been provided for the market share of companies operating in the industrial services market and the matrix of a start-up.

    • Updated financial information and product portfolios of players operating in the industrial services market

    Newer and improved representation of financial information: The new edition of the report provides updated financial information in the industrial services market till 2021/2022 for each listed company in the graphical representation in a single diagram (instead of multiple tables). This would help to easily analyze the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating region/country, business segment focus in terms of the highest revenue-generating segment, and investment in research and development activities.

    • Latest developments of the profiled players in the industrial services market

    Recent Developments: Updated market developments such as contracts, joint ventures, partnerships & agreements, acquisitions, new service launches, new product launches, investments, funding, and certification have been mapped for the years 2020 to 2022.

    • New data points/analysis/frameworks added in the current version of the report
    • Competitive benchmarking of startups /SMEs covers employee details, financial status, the latest funding round, and total funding.
    • Inclusion of the impact of megatrends on the industrial services market that includes a shift in global climate change, rapid urbanization, greater customization, and disruptive technologies
    • Technology analysis and case studies are added in this edition of the report to give the technological perspective and the significance of the advancements in the industrial services market
    • We have included the patent registrations to overview R&D activities in the industrial services market.
    • The startup evaluation matrix is added in this report, covering drone startups.

    The new edition of the report consists of trends/disruptions in customer business, tariff & regulatory landscape, pricing analysis, and a market ecosystem map to better understand industrial service market dynamics.

    Recent Developments in Industrial Services Industry

    • In October 2022, ABB and TECO Electric & Machinery entered a strategic collaboration to develop solutions for offshore wind substation-related equipment and engineering in Taiwan. Following the collaboration, ABB will be accountable for designing and supplying electricity, data acquisition and monitoring, and automation. ABB will ensure the provision of engineering, production, commissioning, and operational maintenance services for the equipment involved.
    • In October 2022, Siemens Gamesa, a subsidiary of Siemens, signed two agreements with Hai Long Offshore Wind Project at the Energy Taiwan trade fair in Taipei. The two agreements include the Turbine Supply Agreement and Service and Availability Agreement pertaining to three offshore wind power projects in Taiwan, which encompass 1,044 MW. The service agreement currently entails a 15-year contract, with the option of being extended to 20 years. Under the service agreement, Siemens Gamesa will provide offshore logistics and operations and maintenance service facilities for all three projects.  

    Frequently Asked Questions (FAQs):

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

  • TABLE OF CONTENTS

    1 INTRODUCTION (Page No. - 32)
        1.1 OBJECTIVES OF THE STUDY
        1.2 MARKET DEFINITION AND SCOPE
               1.2.1 INCLUSIONS & EXCLUSIONS
        1.3 STUDY SCOPE
               1.3.1 MARKETS COVERED
                     FIGURE 1 INDUSTRIAL SERVICES MARKET SEGMENTATION
               1.3.2 YEARS CONSIDERED FOR THE STUDY
        1.4 CURRENCY
        1.5 LIMITATIONS
        1.6 MARKET STAKEHOLDERS
        1.7 SUMMARY OF CHANGES

    2 RESEARCH METHODOLOGY (Page No. - 36)
        2.1 RESEARCH DATA
            FIGURE 2 INDUSTRIAL SERVICES MARKET: RESEARCH DESIGN
               2.1.1 SECONDARY & PRIMARY RESEARCH
               2.1.2 SECONDARY DATA
                        2.1.2.1 Major secondary sources
                        2.1.2.2 Key data from secondary sources
               2.1.3 PRIMARY DATA
                        2.1.3.1 Primary interviews with experts
                        2.1.3.2 Key data from secondary and primary sources
                        2.1.3.3 Key industry insights
                        2.1.3.4 Breakdown of primaries
        2.2 MARKET SIZE ESTIMATION
            FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF INDUSTRIAL SERVICES MARKET SIZE
               2.2.1 BOTTOM-UP APPROACH
                        2.2.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
                                FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
               2.2.2 TOP-DOWN APPROACH
                        2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
                                FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
        2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
            FIGURE 6 DATA TRIANGULATION
        2.4 RESEARCH ASSUMPTIONS
            FIGURE 7 ASSUMPTIONS OF THE RESEARCH STUDY

    3 EXECUTIVE SUMMARY (Page No. - 47)
        3.1 PRE-COVID-19
        3.2 REALISTIC SCENARIO
        3.3 PESSIMISTIC SCENARIO
        3.4 OPTIMISTIC SCENARIO
            FIGURE 8 PRE- AND POST-COVID-19 ANALYSIS OF MARKET
            FIGURE 9 OPERATIONAL IMPROVEMENT & MAINTENANCE SERVICE TO HOLD THE LARGEST MARKET SHARE DURING FORECAST PERIOD
            FIGURE 10 MARKET FOR INDUSTRIAL 3D PRINTING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
            FIGURE 11 FOOD & BEVERAGES EXPECTED TO BE FASTEST-GROWING APPLICATION IN MARKET DURING FORECAST PERIOD
            FIGURE 12 APAC TO BE THE FASTEST-GROWING MARKET FOR INDUSTRIAL SERVICES DURING FORECAST PERIOD

    4 PREMIUM INSIGHTS (Page No. - 52)
        4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE OVERALL INDUSTRIAL SERVICES MARKET
            FIGURE 13 DEMAND FOR OPERATIONAL EXCELLENCE TO DRIVE GROWTH OF MARKET
        4.2 MARKET, BY TYPE
            FIGURE 14 OPERATIONAL IMPROVEMENT & MAINTENANCE SERVICES TO LEAD MARKET DURING FORECAST PERIOD
        4.3 MARKET, BY APPLICATION
            FIGURE 15 MES APPLICATION IS EXPECTED TO HOLD LARGEST SHARE OF MARKET BY 2025
        4.4 GEOGRAPHIC ANALYSIS OF MARKET
            FIGURE 16 APAC EXPECTED TO WITNESS HIGHEST CAGR IN MARKET BY 2025

    5 MARKET OVERVIEW (Page No. - 54)
        5.1 INTRODUCTION
        5.2 MARKET DYNAMICS
            FIGURE 17 HIGH REQUIREMENT FOR OPERATIONAL EXCELLENCE TO DRIVE INDUSTRIAL SERVICE MARKET
               5.2.1 DRIVERS
                        5.2.1.1 Fiscal policy steps taken by regional financial institutions to sustain manufacturing facilities amid COVID-19 crisis
                                FIGURE 18 BREAK-UP OF CARES ACT PACKAGE
                        5.2.1.2 Growing need for operational excellence
                        5.2.1.3 Increasing demand for maintenance-as-a-service
                        5.2.1.4 Increasing equipment complexity
               5.2.2 RESTRAINTS
                        5.2.2.1 Varying compliances across regions
                        5.2.2.2 Lack of skilled personnel
               5.2.3 OPPORTUNITIES
                        5.2.3.1 Predictive maintenance services
                        5.2.3.2 Collaboration of industrial services providers with OEMs
               5.2.4 CHALLENGES
                        5.2.4.1 Supply chain disruptions due to COVID-19 pandemic
                        5.2.4.2 Demand for integration of services
        5.3 VALUE CHAIN ANALYSIS
            FIGURE 19 VALUE CHAIN ANALYSIS OF INDUSTRIAL SERVICES MARKET
        5.4 ECOSYSTEM: MARKET
        5.5 PORTER’S FIVE FORCE ANALYSIS
            TABLE 1 IMPACT OF EACH FORCE ON THE MARKET
        5.6 CASE STUDY
               5.6.1 USE CASE 1: ENEL GREEN POWER S.P.A
               5.6.2 USE CASE 2: SIEMENS
        5.7 TECHNOLOGY ANALYSIS
        5.8 PRICING ANALYSIS
        5.9 TRADE ANALYSIS
               5.9.1 INDUSTRIAL ROBOTICS
                     TABLE 2 INDUSTRIAL ROBOTS EXPORT DATA, 2015–2019 (USD MILLION)
                     TABLE 3 INDUSTRIAL ROBOTS IMPORT DATA, 2015–2019 (USD MILLION)
               5.9.2 3D PRINTER
                     TABLE 4 PRINTING MACHINERY EXPORT DATA, 2015–2019 (USD BILLION)
                     TABLE 5 PRINTING MACHINERY IMPORT DATA, 2015–2019 (USD BILLION)
        5.10 PATENT ANALYSIS
        5.11 INDUSTRIAL SAFETY STANDARDS & REGULATIONS
               5.11.1 PROCESS INDUSTRY
                        5.11.1.1 I EC 61508
                        5.11.1.2 I EC 61511
               5.11.2 MACHINERY
                        5.11.2.1 IEC 62061

    6 INDUSTRIAL SERVICES MARKET, BY TYPE (Page No. - 70)
        6.1 INTRODUCTION
            FIGURE 20 MARKET, BY TYPE
            FIGURE 21 OPERATIONAL IMPROVEMENT & MAINTENANCE SERVICES EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
            TABLE 6 MARKET, BY TYPE, 2016–2019 (USD MILLION)
            TABLE 7 MARKET, BY TYPE, 2020–2025 (USD MILLION)
        6.2 ENGINEERING & CONSULTING
            TABLE 8 MARKET FOR ENGINEERING & CONSULTING, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 9 MARKET FOR ENGINEERING & CONSULTING, BY APPLICATION, 2020–2025 (USD MILLION)
               6.2.1 SYSTEM CONFIGURATION
                        6.2.1.1 Industrial services providers help end users select appropriate configuration of automation devices and systems
               6.2.2 COMPLIANCES
                        6.2.2.1 Growing number of compliances and need for safe working environment in industries lead to widespread adoption of industrial services
               6.2.3 INFRASTRUCTURE AUDIT
                        6.2.3.1 Audit reports assist in presales discussion of automation systems such as DSC, SCADA, and MES
        6.3 INSTALLATION & COMMISSIONING
            TABLE 10 MARKET FOR INSTALLATION & COMMISSIONING, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 11 INDUSTRIAL SERVICES MARKET FOR INSTALLATION & COMMISSIONING, BY APPLICATION, 2020–2025 (USD MILLION)
               6.3.1 TRAINING
                        6.3.1.1 Training service is a vital part of establishment of industrial systems
               6.3.2 TESTING & CERTIFICATION
                        6.3.2.1 Certification services help demonstrate compliance with national or international standards
        6.4 OPERATIONAL IMPROVEMENT & MAINTENANCE
            TABLE 12 MARKET FOR OPERATIONAL IMPROVEMENT & MAINTENANCE, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 13 MARKET FOR OPERATIONAL IMPROVEMENT & MAINTENANCE, BY APPLICATION, 2020–2025 (USD MILLION)
               6.4.1 AD-HOC AND EMERGENCY MAINTENANCE
                        6.4.1.1 Ad-hoc and emergency maintenance services help end users reduce unplanned downtime
               6.4.2 SCHEDULED MAINTENANCE
                        6.4.2.1 Scheduled maintenance services provide up-to-date maintenance of filed devices, software, and plant
               6.4.3 MECHANICAL
                        6.4.3.1 Electric motors and drives are require mechanical services throughout their lifecycle
               6.4.4 PREDICTIVE MAINTENANCE
                        6.4.4.1 Predictive maintenance services are used to improve reliability and life of devices

    7 INDUSTRIAL SERVICES MARKET, BY APPLICATION (Page No. - 79)
        7.1 INTRODUCTION
            FIGURE 22 INDUSTRIAL 3D PRINTING EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
            TABLE 14 MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 15 MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
        7.2 DISTRIBUTED CONTROL SYSTEM (DCS)
            TABLE 16 MARKET FOR DCS, BY TYPE, 2016–2019 (USD MILLION)
            TABLE 17 MARKET FOR DCS, BY TYPE, 2020–2025 (USD MILLION)
            TABLE 18 MARKET FOR DCS, BY INDUSTRY, 2016–2019 (USD MILLION)
            TABLE 19 MARKET FOR DCS, BY INDUSTRY, 2020–2025 (USD MILLION)
            TABLE 20 INDUSTRIAL SERVICES MARKET FOR DCS, BY REGION, 2016–2025 (USD MILLION)
            TABLE 21 MARKET FOR DCS, BY REGION, 2020–2025 (USD MILLION)
        7.3 PROGRAMMABLE CONTROLLER LOGIC (PLC)
            TABLE 22 MARKET FOR PLC, BY TYPE, 2016–2019 (USD MILLION)
            TABLE 23 MARKET FOR PLC, BY TYPE, 2020–2025 (USD MILLION)
            TABLE 24 MARKET FOR PLC, BY INDUSTRY, 2016–2019 (USD MILLION)
            TABLE 25 MARKET FOR PLC, BY INDUSTRY, 2020–2025 (USD MILLION)
            TABLE 26 MARKET FOR PLC, BY REGION, 2016–2019 (USD MILLION)
            TABLE 27 MARKET FOR PLC, BY REGION, 2020–2025 (USD MILLION)
        7.4 SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
            TABLE 28 MARKET FOR SCADA, BY TYPE, 2016–2019 (USD MILLION)
            TABLE 29 MARKET FOR SCADA, BY TYPE, 2020–2025 (USD MILLION)
            TABLE 30 MARKET FOR SCADA, BY INDUSTRY, 2016–2019 (USD MILLION)
            TABLE 31 MARKET FOR SCADA, BY INDUSTRY, 2020–2025 (USD MILLION)
            TABLE 32 MARKET FOR SCADA, BY REGION, 2016–2019 (USD MILLION)
            TABLE 33 INDUSTRIAL SERVICES MARKET FOR SCADA, BY REGION, 2020–2025 (USD MILLION)
        7.5 MOTORS & DRIVES
               7.5.1 DIGITIZATION SCENARIO
                        7.5.1.1 Artificial intelligence
                        7.5.1.2 Smart sensor
                        7.5.1.3 Connectivity
               7.5.2 OTHER SERVICES
                        7.5.2.1 Repair and maintenance
                        7.5.2.2 Parts Replacement
                                TABLE 34 MARKET FOR MOTORS & DRIVES, BY TYPE, 2016–2019 (USD MILLION)
                                TABLE 35 MARKET FOR MOTORS & DRIVES, BY TYPE, 2020–2025 (USD MILLION)
                                TABLE 36 MARKET FOR MOTORS & DRIVES, BY INDUSTRY, 2016–2019 (USD MILLION)
                                TABLE 37 MARKET FOR MOTORS & DRIVES, BY INDUSTRY, 2020–2025 (USD MILLION)
                                TABLE 38 MARKET FOR MOTORS & DRIVES, BY REGION, 2016–2019 (USD MILLION)
                                TABLE 39 MARKET FOR MOTORS & DRIVES, BY REGION, 2020–2025 (USD MILLION)
        7.6 HUMAN MACHINE INTERFACE (HMI)
            TABLE 40 INDUSTRIAL SERVICE MARKET FOR HMI, BY TYPE, 2016–2019 (USD MILLION)
            TABLE 41 MARKET FOR HMI, BY TYPE, 2020–2025 (USD MILLION)
            TABLE 42 MARKET FOR HMI, BY INDUSTRY, 2016–2019 (USD MILLION)
            TABLE 43 MARKET FOR HMI, BY INDUSTRY, 2020–2025 (USD MILLION)
            TABLE 44 MARKET FOR HMI, BY REGION, 2016–2019 (USD MILLION)
            TABLE 45 INDUSTRIAL SERVICES MARKET FOR HMI, BY REGION, 2020–2025 (USD MILLION)
        7.7 MANUFACTURING EXECUTION SYSTEM (MES)
            TABLE 46 MARKET FOR MES, BY TYPE, 2016–2019 (USD MILLION)
            TABLE 47 MARKET FOR MES, BY TYPE, 2020–2025 (USD MILLION)
            TABLE 48 MARKET FOR MES, BY INDUSTRY, 2016–2019 (USD MILLION)
            TABLE 49 MARKET FOR MES, BY INDUSTRY, 2020–2025 (USD MILLION)
            TABLE 50 MARKET FOR MES, BY REGION, 2016–2019 (USD MILLION)
            TABLE 51 MARKET FOR MES, BY REGION, 2020–2025 (USD MILLION)
        7.8 SAFETY SYSTEMS
               7.8.1 BURNER MANAGEMENT SYSTEM (BMS)
               7.8.2 EMERGENCY SHUTDOWN SYSTEM (ESD)
               7.8.3 FIRE & GAS MONITORING & CONTROL
               7.8.4 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEMS (HIPPS)
               7.8.5 TURBOMACHINERY CONTROL (TMC)
                     TABLE 52 MARKET FOR SAFETY SYSTEM, BY TYPE, 2016–2019 (USD MILLION)
                     TABLE 53 MARKET FOR SAFETY SYSTEM, BY TYPE, 2020–2025 (USD MILLION)
                     TABLE 54 MARKET FOR SAFETY SYSTEM, BY INDUSTRY, 2016–2019 (USD MILLION)
                     TABLE 55 MARKET FOR SAFETY SYSTEM, BY INDUSTRY, 2020–2025 (USD MILLION)
                     TABLE 56 MARKET FOR SAFETY SYSTEM, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 57 MARKET FOR SAFETY SYSTEM, BY REGION, 2020–2025 (USD MILLION)
        7.9 INDUSTRIAL PC
            TABLE 58 MARKET FOR INDUSTRIAL PC, BY TYPE, 2016–2019 (USD MILLION)
            TABLE 59 MARKET FOR INDUSTRIAL PC, BY TYPE, 2020–2025 (USD MILLION)
            TABLE 60 MARKET FOR INDUSTRIAL PC, BY INDUSTRY, 2016–2019 (USD MILLION)
            TABLE 61 MARKET FOR INDUSTRIAL PC, BY INDUSTRY, 2020–2025 (USD MILLION)
            TABLE 62 INDUSTRIAL SERVICES MARKET FOR INDUSTRIAL PC, BY REGION, 2016–2019 (USD MILLION)
            TABLE 63 MARKET FOR INDUSTRIAL PC, BY REGION, 2020–2025 (USD MILLION)
        7.10 INDUSTRIAL 3D PRINTING
             TABLE 64 MARKET FOR INDUSTRIAL 3D PRINTING, BY TYPE, 2016–2019 (USD MILLION)
             TABLE 65 MARKET FOR INDUSTRIAL 3D PRINTING, BY TYPE, 2020–2025 (USD MILLION)
             TABLE 66 MARKET FOR INDUSTRIAL 3D PRINTING, BY INDUSTRY, 2016–2019 (USD MILLION)
             TABLE 67 MARKET FOR INDUSTRIAL 3D PRINTING, BY INDUSTRY, 2020–2025 (USD MILLION)
             TABLE 68 MARKET FOR INDUSTRIAL 3D PRINTING, BY REGION, 2016–2019 (USD MILLION)
             TABLE 69 MARKET FOR INDUSTRIAL 3D PRINTING, BY REGION, 2020–2025 (USD MILLION)
        7.11 INDUSTRIAL ROBOTICS
             TABLE 70 MARKET FOR INDUSTRIAL ROBOTICS, BY TYPE, 2016–2019 (USD MILLION)
             TABLE 71 MARKET FOR INDUSTRIAL ROBOTICS, BY TYPE, 2020–2025 (USD MILLION)
             TABLE 72 INDUSTRIAL SERVICES FOR INDUSTRIAL ROBOTICS MARKET, BY INDUSTRY, 2016–2019 (USD MILLION)
             TABLE 73 MARKET FOR INDUSTRIAL ROBOTICS, BY INDUSTRY, 2020–2025 (USD MILLION)
             TABLE 74 MARKET FOR INDUSTRIAL ROBOTICS, BY REGION, 2016–2019 (USD MILLION)
             TABLE 75 MARKET FOR INDUSTRIAL ROBOTICS, BY REGION, 2020–2025 (USD MILLION)

    8 INDUSTRIAL SERVICES MARKET, BY INDUSTRY (Page No. - 106)
        8.1 INTRODUCTION
            FIGURE 23 MARKET, BY INDUSTRY
            FIGURE 24 MARKET FOR FOOD & BEVERAGES INDUSTRY EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
            TABLE 76 MARKET, BY INDUSTRY, 2016–2019 (USD MILLION)
            TABLE 77 MARKET, BY INDUSTRY, 2020–2025 (USD MILLION)
        8.2 AUTOMOTIVE
            TABLE 78 MARKET FOR AUTOMOTIVE, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 79 INDUSTRIAL SERVICES MARKET FOR AUTOMOTIVE, BY APPLICATION, 2020–2025 (USD MILLION)
               8.2.1 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY
        8.3 AEROSPACE
            TABLE 80 MARKET FOR AEROSPACE, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 81 MARKET FOR AEROSPACE, BY APPLICATION, 2020–2025 (USD MILLION)
               8.3.1 IMPACT OF COVID-19 ON AEROSPACE INDUSTRY
        8.4 CHEMICALS
            TABLE 82 MARKET FOR CHEMICAL, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 83 MARKET FOR CHEMICAL, BY APPLICATION, 2020–2025 (USD MILLION)
               8.4.1 IMPACT OF COVID-19 ON CHEMICALS INDUSTRY
        8.5 FOOD & BEVERAGES
            TABLE 84 MARKET FOR FOOD & BEVERAGE, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 85 MARKET FOR FOOD & BEVERAGE, BY APPLICATION, 2020–2025 (USD MILLION)
               8.5.1 IMPACT OF COVID-19 ON FOOD & BEVERAGES INDUSTRY
        8.6 HEALTHCARE & PHARMACEUTICALS
            TABLE 86 MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 87 MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY APPLICATION, 2020–2025 (USD MILLION)
               8.6.1 IMPACT OF COVID-19 ON HEALTHCARE & PHARMACEUTICAL INDUSTRY
        8.7 OIL & GAS
            TABLE 88 MARKET FOR OIL & GAS, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 89 MARKET FOR OIL & GAS, BY APPLICATION, 2020–2025 (USD MILLION)
               8.7.1 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY
        8.8 METALS & MINING
            TABLE 90 MARKET FOR METAL & MINING, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 91 INDUSTRIAL SERVICES MARKET FOR METAL & MINING, BY APPLICATION, 2020–2025 (USD MILLION)
               8.8.1 IMPACT OF COVID-19 ON METAL & MINING INDUSTRY
        8.9 ENERGY & POWER
            TABLE 92 MARKET FOR ENERGY & POWER, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 93 MARKET FOR ENERGY & POWER, BY APPLICATION, 2020–2025 (USD MILLION)
               8.9.1 IMPACT OF COVID-19 ON ENERGY & POWER INDUSTRY
        8.10 SEMICONDUCTOR & ELECTRONICS
             TABLE 94 MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY APPLICATION, 2016–2019 (USD MILLION)
             TABLE 95 MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY APPLICATION, 2020–2025 (USD MILLION)
               8.10.1 IMPACT OF COVID-19 ON SEMICONDUCTOR & ELECTRONICS INDUSTRY
        8.11 WATER & WASTEWATER
             TABLE 96 MARKET FOR WATER & WASTEWATER, BY APPLICATION, 2016–2019 (USD MILLION)
             TABLE 97 MARKET FOR WATER & WASTEWATER, BY APPLICATION, 2020–2025 (USD MILLION)
        8.12 OTHERS
             TABLE 98 MARKET FOR PAPER & PULP, BY APPLICATION, 2016–2019 (USD MILLION)
             TABLE 99 MARKET FOR PAPER & PULP, BY APPLICATION, 2020–2025 (USD MILLION)
             TABLE 100 MARKET FOR OTHERS, BY APPLICATION, 2016–2019 (USD MILLION)
             TABLE 101 INDUSTRIAL SERVICES MARKET FOR OTHERS, BY APPLICATION, 2020–2025 (USD MILLION)

    9 GEOGRAPHIC ANALYSIS (Page No. - 125)
        9.1 INTRODUCTION
            FIGURE 25 MARKET: BY GEOGRAPHY
            FIGURE 26 MARKET IN APAC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
            TABLE 102 MARKET, BY REGION, 2016–2019 (USD MILLION)
            TABLE 103 MARKET, BY REGION, 2020–2025 (USD MILLION)
        9.2 NORTH AMERICA
            TABLE 104 MARKET IN NORTH AMERICA, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 105 MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
            TABLE 106 MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
            TABLE 107 MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
               9.2.1 COVID-19 IMPACT FOR INDUSTRIAL SERVICES IN NORTH AMERICA
                     FIGURE 27 SNAPSHOT: INDUSTRIAL SERVICES IN NORTH AMERICA
               9.2.2 US
                        9.2.2.1 Increasing adoption of innovative industrial services to increase productivity drives the market in US
               9.2.3 CANADA
                        9.2.3.1 Industrial services for the energy & power industry have a huge revenue potential in Canada
               9.2.4 MEXICO
                        9.2.4.1 Industries such as electronics, chemical, food & beverages, and mining play a vital role in growth of market in Mexico
        9.3 EUROPE
            TABLE 108 MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 109 MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
            TABLE 110 MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
            TABLE 111 MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
               9.3.1 IMPACT OF COVID-19 ON MARKET IN EUROPE
                     FIGURE 28 SNAPSHOT: INDUSTRIAL SERVICES MARKET IN EUROPE
               9.3.2 UK
                        9.3.2.1 Growing base of automation equipment would drive the growth of the market in the coming years in UK
               9.3.3 FRANCE
                        9.3.3.1 Increasing focus of the French government toward a reduction in energy usage and emission of greenhouse gases is expected to increase the demand of market
               9.3.4 GERMANY
                        9.3.4.1 Stringent government regulations are expected to boost the market in Germany
               9.3.5 REST OF EUROPE
        9.4 ASIA PACIFIC
            TABLE 112 MARKET IN APAC, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 113 MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
            TABLE 114 INDUSTRIAL SERVICES MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
            TABLE 115 MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
               9.4.1 COVID-19 IMPACT FOR INDUSTRIAL SERVICES IN APAC
                     FIGURE 29 SNAPSHOT: MARKET IN APAC
               9.4.2 CHINA
                        9.4.2.1 Heightened demand from oil & gas and chemicals industries driving market growth in China
               9.4.3 INDIA
                        9.4.3.1 Increase in adoption of automation solutions in the manufacturing industries in India drives the market
               9.4.4 JAPAN
                        9.4.4.1 Industrial Internet of Things (IIoT)-based services such as remote monitoring and predictive maintenance would drive the growth of the market in Japan
               9.4.5 REST OF APAC
        9.5 REST OF THE WORLD (ROW)
            TABLE 116 MARKET IN ROW, BY APPLICATION, 2016–2019 (USD MILLION)
            TABLE 117 MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION)
            TABLE 118 MARKET IN ROW, BY COUNTRY, 2016–2019 (USD MILLION)
            TABLE 119 MARKET IN ROW, BY COUNTRY, 2020–2025 (USD MILLION)
               9.5.1 IMPACT OF COVID-19 ON MARKET IN ROW
               9.5.2 SOUTH AMERICA
                        9.5.2.1 Rising mechanization and increasing inclination of organizations toward adopting safety measures are driving the growth of the market in South America
               9.5.3 MIDDLE EAST
                        9.5.3.1 Oil and gas industry offers huge scope for the market in Middle East
               9.5.4 AFRICA
                        9.5.4.1 Industrial developments by African government to drive the industrial services market

    10 COMPETITIVE LANDSCAPE (Page No. - 142)
         10.1 OVERVIEW
         10.2 TOP 5 COMPANY REVENUE ANALYSIS
              FIGURE 30 REVENUE ANALYSIS OF TOP 5 KEY PLAYERS IN MARKET, 2016–2019
         10.3 MARKET SHARE ANALYSIS: MARKET
              TABLE 120 MARKET SHARE OF TOP 5 KEY PLAYERS IN MARKET, 2019
         10.4 COMPANY EVALUATION QUADRANT
                 10.4.1 STAR
                 10.4.2 EMERGING
                 10.4.3 PERVASIVE
                 10.4.4 PARTICIPANT
                        FIGURE 31 MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2019
         10.5 STRENGTH OF PRODUCT PORTFOLIO
              FIGURE 32 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
         10.6 BUSINESS STRATEGY EXCELLENCE
              FIGURE 33 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN INDUSTRIAL SERVICES MARKET
         10.7 STARTUP/SME EVALUATION QUADRANT
                 10.7.1 PROGRESSIVE COMPANIES
                 10.7.2 RESPONSIVE COMPANIES
                 10.7.3 DYNAMIC COMPANIES
                 10.7.4 STARTING BLOCKS
                        FIGURE 34 START-UP: MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2019
         10.8 COMPETITIVE SITUATION & TRENDS
                 10.8.1 CONTRACTS, AGREEMENTS, AND PARTNERSHIPS
                        TABLE 121 CONTRACTS, AGREEMENTS, AND PARTNERSHIPS, 2018–2020
                 10.8.2 PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 122 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020
                 10.8.3 OTHERS
                        TABLE 123 OTHERS, 2017–2019

    11 COMPANY PROFILES (Page No. - 151)
    (Business Overview, Products/ Services Offered, Recent Developments, SWOT Analysis, MnM view and COVID-19-related developments/strategies)*
         11.1 INTRODUCTION
         11.2 KEY PLAYERS
                 11.2.1 ABB
                        FIGURE 35 ABB: COMPANY SNAPSHOT
                 11.2.2 HONEYWELL INTERNATIONAL
                        FIGURE 36 HONEYWELL INTERNATIONAL : COMPANY SNAPSHOT
                 11.2.3 ROCKWELL AUTOMATION
                        FIGURE 37 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
                 11.2.4 SCHNEIDER ELECTRIC
                        FIGURE 38 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
                 11.2.5 SIEMENS AG
                        FIGURE 39 SIEMENS AG: COMPANY SNAPSHOT
                 11.2.6 GENERAL ELECTRIC
                        FIGURE 40 GENERAL ELECTRIC: COMPANY SNAPSHOT
                 11.2.7 EMERSON ELECTRIC
                        FIGURE 41 EMERSON ELECTRIC: COMPANY SNAPSHOT
                 11.2.8 YOKOGAWA
                        FIGURE 42 YOKOGAWA: COMPANY SNAPSHOT
         11.3 OTHER PROMINENT PLAYERS
                 11.3.1 ATS AUTOMATION
                 11.3.2 METSO CORPORATION
                 11.3.3 MITSUBISHI
                 11.3.4 YASKAWA ELECTRIC CORPORATION
                 11.3.5 DYNAMYSK AUTOMATION LTD
                 11.3.6 INTECH PROCESS AUTOMATION
                 11.3.7 PRIME CONTROLS LP
                 11.3.8 WUNDERLICH-MALEC ENGINEERING
                 11.3.9 WOOD GROUP MUSTANG
                 11.3.10 SKF AB
                 11.3.11 SAMSON

    *Details on Business Overview, Products/ Services Offered, Recent Developments, SWOT Analysis, MnM view and COVID-19-related developments/strategies might not be captured in case of unlisted companies.

    12 ADJACENT & RELATED MARKETS (Page No. - 179)
         12.1 INTRODUCTION
         12.2 LIMITATIONS
         12.3 INDUSTRIAL SAFETY MARKET, BY COMPONENT
              TABLE 124 INDUSTRIAL SAFETY MARKET, BY COMPONENT, 2016–2019 (USD MILLION)
              TABLE 125 INDUSTRIAL SAFETY MARKET BY COMPONENT, 2020–2025 (USD MILLION)
         12.4 INDUSTRIAL SAFETY MARKET, BY SYSTEM
              TABLE 126 INDUSTRIAL SAFETY MARKET, BY SYSTEM, 2016–2019 (USD MILLION)
              TABLE 127 INDUSTRIAL SAFETY MARKET, BY SYSTEM, 2020–2025 (USD MILLION)
         12.5 EMERGENCY SHUTDOWN SYSTEMS
                 12.5.1 EMERGENCY SHUTDOWN SYSTEMS HELD LARGEST SIZE OF INDUSTRIAL SAFETY MARKET IN 2019
                        TABLE 128 INDUSTRIAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                        TABLE 129 INDUSTRIAL SAFETY MARKET FOR EMERGENCY SHUTDOWN SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                        TABLE 130 EMERGENCY SHUTDOWN SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 131 EMERGENCY SHUTDOWN SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 132 EMERGENCY SHUTDOWN SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 133 EMERGENCY SHUTDOWN SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 134 EMERGENCY SHUTDOWN SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 135 EMERGENCY SHUTDOWN SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 136 EMERGENCY SHUTDOWN SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 137 EMERGENCY SHUTDOWN SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 138 EMERGENCY SHUTDOWN SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 139 EMERGENCY SHUTDOWN SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 140 EMERGENCY SHUTDOWN SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 141 EMERGENCY SHUTDOWN SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 142 EMERGENCY SHUTDOWN SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 143 EMERGENCY SHUTDOWN SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 144 EMERGENCY SHUTDOWN SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 145 EMERGENCY SHUTDOWN SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION)
                 12.5.2 IMPACT OF COVID-19 ON EMERGENCY SHUTDOWN SYSTEMS
         12.6 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEMS
                 12.6.1 RISING DEMAND FOR RELIABLE SAFETY SOLUTIONS FOR PERSONNEL AND ASSET PROTECTION IN HIGH-PRESSURE ENVIRONMENTS SPURS MARKET GROWTH
                        TABLE 146 INDUSTRIAL SAFETY MARKET FOR HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                        TABLE 147 INDUSTRIAL SAFETY MARKET FOR HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                        TABLE 148 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 149 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 150 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 151 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 152 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 153 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 154 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 155 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 156 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 157 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 158 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 159 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 160 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 161 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 162 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 163 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION)
                 12.6.2 IMPACT OF COVID-19 ON MARKET FOR HIGH-INTEGRITY PRESSURE PROTECTION SYSTEMS
         12.7 BURNER MANAGEMENT SYSTEMS
                 12.7.1 BMS HELPS IN RELIABLE MONITORING, OPERATIONS, AND MAINTENANCE OF ALL ASSETS IN PLANTS
                        TABLE 164 INDUSTRIAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                        TABLE 165 INDUSTRIAL SAFETY MARKET FOR BURNER MANAGEMENT SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                        TABLE 166 BURNER MANAGEMENT SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 167 BURNER MANAGEMENT SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 168 BURNER MANAGEMENT SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 169 BURNER MANAGEMENT SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 170 BURNER MANAGEMENT SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 171 BURNER MANAGEMENT SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 172 BURNER MANAGEMENT SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 173 BURNER MANAGEMENT SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 174 BURNER MANAGEMENT SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 175 BURNER MANAGEMENT SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 176 BURNER MANAGEMENT SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 177 BURNER MANAGEMENT SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 178 BURNER MANAGEMENT SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 179 BURNER MANAGEMENT SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 180 BURNER MANAGEMENT SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 181 BURNER MANAGEMENT SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION)
                 12.7.2 IMPACT OF COVID-19 ON MARKET FOR BURNER MANAGEMENT SYSTEMS
         12.8 FIRE & GAS MONITORING SYSTEM
                 12.8.1 FIRE & GAS MONITORING SYSTEMS MAINLY USED TO PREVENT AND LOWER AFTER-EFFECTS OF FIRE ACCIDENTS
                        TABLE 182 INDUSTRIAL SAFETY MARKET FOR FIRE & GAS MONITORING SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                        TABLE 183 INDUSTRIAL SAFETY MARKET FOR FIRE & GAS MONITORING SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                        TABLE 184 FIRE & GAS MONITORING SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 185 FIRE & GAS MONITORING SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 186 FIRE & GAS MONITORING SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 187 FIRE & GAS MONITORING SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 188 FIRE & GAS MONITORING SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 189 FIRE & GAS MONITORING SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 190 FIRE & GAS MONITORING SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 191 FIRE & GAS MONITORING SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 192 FIRE & GAS MONITORING SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 193 FIRE & GAS MONITORING SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 194 FIRE & GAS MONITORING SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 195 FIRE & GAS MONITORING SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 196 FIRE & GAS MONITORING SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 197 FIRE & GAS MONITORING SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 198 FIRE & GAS MONITORING SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICAL, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 199 FIRE & GAS MONITORING SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICAL, BY REGION, 2020–2025 (USD MILLION)
                 12.8.2 IMPACT OF COVID-19 ON FIRE & GAS MONITORING SYSTEM
         12.9 TURBOMACHINERY CONTROL SYSTEM
                 12.9.1 TMC PROVIDES TIGHT CONTROL OVER SPEED OF STEAM, HYDRO, AND GAS TURBINES
                        TABLE 200 INDUSTRIAL SAFETY MARKET FOR TURBOMACHINERY CONTROL SYSTEM, BY COMPONENT, 2016–2019 (USD MILLION)
                        TABLE 201 INDUSTRIAL SAFETY MARKET FOR TURBOMACHINERY CONTROL SYSTEM, BY COMPONENT, 2020–2025 (USD MILLION)
                        TABLE 202 TURBOMACHINERY CONTROL SYSTEM MARKET FOR OIL & GAS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 203 TURBOMACHINERY CONTROL SYSTEM MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 204 TURBOMACHINERY CONTROL SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 205 TURBOMACHINERY CONTROL SYSTEM MARKET FOR ENERGY & POWER, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 206 TURBOMACHINERY CONTROL SYSTEM MARKET FOR CHEMICAL, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 207 TURBOMACHINERY CONTROL SYSTEM MARKET FOR CHEMICAL, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 208 TURBOMACHINERY CONTROL SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 209 TURBOMACHINERY CONTROL SYSTEM MARKET FOR FOOD & BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 210 TURBOMACHINERY CONTROL SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 211 TURBOMACHINERY CONTROL SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 212 TURBOMACHINERY CONTROL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 213 TURBOMACHINERY CONTROL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 214 TURBOMACHINERY CONTROL SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 215 TURBOMACHINERY CONTROL SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2020–2025 (USD MILLION)
                        TABLE 216 TURBOMACHINERY CONTROL SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016–2019 (USD MILLION)
                        TABLE 217 TURBOMACHINERY CONTROL SYSTEM MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY REGION, 2020–2025 (USD MILLION)
                 12.9.2 IMPACT OF COVID-19 ON MARKET FOR TURBOMACHINERY CONTROL SYSTEM

    13 APPENDIX (Page No. - 217)
         13.1 DISCUSSION GUIDE—INDUSTRIAL SERVICE MARKET
         13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
         13.3 AVAILABLE CUSTOMIZATIONS
         13.4 RELATED REPORTS
         13.5 AUTHOR DETAILS

    The study involves four major activities for estimating the size of the industrial services market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the industrial services market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market. The impact and implication of COVID-19 on manufacturing industries and solutions have also been discussed in this section. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, business development executives, OEMs, component manufacturers, and solution providers, and related executives from various key companies and organizations operating in the industrial services ecosystem.

    Secondary Research

    In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. The secondary sources used for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data have been sourced from associations such as  International Electrotechnical Commission, International Organization for Standardization, Occupational Safety and Health Administration, American National Standards Institute, National Fire Protection Association, National Institute of Standards and Technology, International Safety Equipment Association, Asia Industrial Gases Association, US Oil & Gas Association, and European Automobile Manufacturers' Association among others.

    Primary Research

    In the primary research process, primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. Key players such as such as ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corp. (Japan), Mitsubishi Electric Corporation (Japan), and Metso Corporation (Finland) in the industrial services market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as chief executive officers (CEOs), directors, and marketing personnel.

    Industrial Services Market Size, and Share

    To know about the assumptions considered for the study, download the pdf brochure

    Market Size Estimation

    In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the industrial services market and other dependent submarkets listed in this report.

    • Identifying different applications currently provided or expected to be offered by service providers
    • Analyzing the market penetration of each application through secondary and primary research for both pre- and post-COVID-19 scenarios
    • Identifying the ratio for various industrial services type demanded by end-user industries, and the anticipated change in the demand in the post-COVID-19 scenario
    • Conducting multiple discussion sessions with key opinion leaders to understand various type of industrial services and applications in various industries, which would help in analyzing the breakup of the scope of work carried out by each major company; the discussion also includes the impact of COVID-19 on the ecosystem of the market
    • Estimating the size of the industrial services market based on the demand-side scenario
    • Tracking ongoing and upcoming product launches by companies, and forecasting market based on these developments and other critical parameters
    • Conducting multiple discussions with key opinion leaders to understand the demand for industrial service, and analyzing the break-up of the scope of work carried out by each major company.
    • Arriving at market estimates by analyzing revenues generated by manufacturers, based on their locations (countries), and then combining country-based data to get a market estimate based on region
    • Verifying and crosschecking estimates at every level by discussing with key opinion leaders, including CEOs, directors, operation managers, and then finally with domain experts at MarketsandMarkets

    Data Triangulation

    After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

    Study Objectives:

    • To describe and forecast the industrial services market size, by type, application, and industry, in terms of value
    • To describe and forecast the market size for regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
    • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
    • To provide a detailed overview of the value chain and ecosystem of the industrial services market
    • To analyze opportunities for stakeholders in the industrial services market by identifying its high-growth segments
    • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market

    Available Customizations:

    With the given market data, MarketsandMarkets offers customizations according to a company’s specific need. The following customization options are available for the report.

    Company information

    • Detailed analysis and profiling of additional market players (up to 5)
    • Market share analysis of top 5 suppliers
    Report Code
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    Published ON
    Dec, 2020
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