Industrial Services Market

Siemens AG (Germany) and ABB Ltd. (Switzerland) are Leading Players in the Industrial Services Market

The industrial services market typically comprises the services provided by original equipment manufacturers (OEMs) and third-party vendors for process and discrete industries. Industrial services play a key role in achieving operational excellence in these industries. The industrial services offering include engineering & consulting, installation & commissioning, and operational improvement & maintenance. These services assist the end user to improve the reliability, availability, and efficiency of the plant. Moreover, these services help in reducing the unexpected downtime, thereby increasing the productivity of the plant. The overall industrial services market is expected to be valued at USD 33.6 billion in 2020 and is expected to reach USD 44.1 billion by 2025, at a CAGR of 5.6% between 2020 and 2025.

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), Metso Corporation (Finland), and Samson AG (Germany) are among the major players in the industrial services market.

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

Siemens offers industrial services such as engineering and consultancy, installation, commissioning, maintenance, and training for process and discrete industries. Siemens AG delivers industrial services for its end user in the industry including energy, power, oil & gas, aerospace, food & beverages, marine, mining, and automotive. The company’s industrial services portfolio includes consulting, repair, training, and maintenance. Consulting services include online customer support, technical and engineering consulting to advise about operational process, fault clearance, and status of the plant. Onsite repair services and extended repair services are offered under the repair service segment to confirm the fast restoration of errors detected in the equipment and system. Siemens is working toward offering 3D printing products and solutions to global medical manufacturing companies to speed up the development and manufacturing of medical components. However, due to the pandemic, the factory automation unit and smart infrastructure business of the company would be the hardest hit. The company is continuously monitoring all aspects of the COVID-19 situation, evaluating all new developments, and undertaking measures to protect its employees.

ABB provides industrial services for energy, utilities, transportation, and infrastructure sectors. ABB is a leading power and automation technology company. ABB offers services for products and systems in the process and discrete industries. The company’s service portfolio includes engineering and consulting, installation and commissioning, training, maintenance, and repair. The company’s electrification products business segment offers industrial services such as installation, engineering, training, and technical support to the power distribution sector. Moreover, the discrete automation and motion business segment provides engineering, installation, training, and maintenance services for electric motor and drives in the various industries to increase the flexibility, productivity, and energy efficiency of their plants. In December 2019, ABB has signed a new frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide, helping minimize cost, schedule, and risk.

Related Reports:

Industrial Services Market with COVID-19 Impact by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (MES, Motors & Drives, DCS, HMI, PLC), Industry, and Region - Global Forecast to 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 5408
RI Published ON
12/9/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Industrial Services Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved