Top 5 Industrial Services Companies

The industrial services market is projected to grow from USD 34.41 billion in 2025 to USD 54.69 billion by 2030, registering a CAGR of 9.7%. In the industrial services market, companies provide a broad range of maintenance, repair, and consulting services to support operational efficiency, reliability, and compliance across various sectors, including manufacturing, automotive, aerospace, and oil & gas. The focus areas include maintenance, equipment calibration, and technical consulting services. There is a strong emphasis on integrating digital technologies such as remote monitoring, predictive analytics, and automation to minimize downtime and enhance asset performance. Additionally, companies are increasingly adopting specialized services tailored to the specific needs of sectors such as energy, manufacturing, and infrastructure. Service providers also utilize data-driven strategies to offer more value-added solutions that improve client decision-making.

Some major players in the industrial services market with significant global presence include ABB (Switzerland), Honeywell International Inc. (US), Rockwell Automation (US), Schneider Electric (France), and Siemens (Germany). These companies offer various industrial services solutions tailored to diverse end-use industries, including automotive, aerospace, chemicals, food & beverage, metal & mining, oil & gas, pharmaceuticals, energy and power, water & wastewater, semiconductor, and paper & pulp. Product launches, collaborations, expansions, and acquisitions were key strategies adopted by players to enhance their product portfolios, increase their market share, and expand their presence. In addition, many of these players focus on integrating advanced technologies such as AI-driven network management, edge computing, and IoT connectivity to enhance industrial services network performance and operational efficiency.  

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Major Industrial Services Companies Include:

• ABB (Switzerland)
• Honeywell International Inc. (US)
• Rockwell Automation (US)
• Schneider Electric (France)
• Siemens (Germany)
• GE Vernova (US)
• Emerson Electric Co. (US)
• Yokogawa Electric Corporation (Japan)
• Eaton (Ireland)
• Mitsubishi Electric Corporation (Japan)
• ATS Corporation (sCanada)
• Metso (Finland)
• Yaskawa Electric Corporation (Japan)
• SKF (Sweden)
• Atlas Copco AB (Sweden)

In May 2025, ABB introduced Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service), a zero-CapEx solution that enables businesses to adopt energy storage without upfront investment. The offer includes full hardware, software, and lifecycle support, helping companies improve energy efficiency, resilience, and sustainability with guaranteed performance and returns.

In June 2025, Honeywell International Inc. completed the acquisition of Sundyne to strengthen its process industry capabilities. The deal enhances Honeywell’s ESS portfolio by integrating Sundyne’s critical equipment with automation solutions powered by Honeywell Forge, supported by a strong aftermarket base and 1,000 skilled employees.

ABB is a global technology company operating in over 100 countries, offering solutions through four main segments: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. It provides electrical systems, motors, drives, and integrated automation solutions for industrial sectors including manufacturing, energy, and infrastructure. ABB is a key player in the industrial services market, offering maintenance, retrofitting, and automation services enhanced by IoT and data analytics. These services aim to improve operational efficiency, reduce downtime, and extend asset life. ABB has a strong global presence and expanded its reach in North America through strategic acquisitions.

Honeywell International Inc. is a globally integrated company operating in over 80 countries, offering products, software, and services across four segments: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions. The company focuses on automation, aviation, and energy transition, supported by the Honeywell Accelerator system and Honeywell Forge IoT platform. Honeywell provides industrial services such as predictive maintenance, process optimization, cyber and physical security, and energy management. These services aim to improve asset performance, safety, and sustainability across the aviation, refining, life sciences, and infrastructure sectors through digital integration and real-time operational insights.

Market Ranking

The industrial services market is growing at a significant rate, with leading major players such as ABB (Switzerland), Honeywell International Inc. (US), Rockwell Automation (US), Schneider Electric (France), and Siemens (Germany) actively contributing to its growth. These companies provide a broad range of industrial services supporting automation, system optimization, and asset lifecycle management across manufacturing, energy, and infrastructure sectors. ABB offers maintenance, retrofitting, and performance-enhancing solutions through advanced digital platforms. Honeywell delivers predictive maintenance, remote monitoring, and cybersecurity services enabled by its Forge IoT platform. Rockwell Automation focuses on control systems, digital transformation, and lifecycle services tailored for industrial operations. Schneider Electric supports industrial efficiency and sustainability through its EcoStruxure platform, offering energy management and automation services. Siemens delivers integrated services for industrial automation, process optimization, and digital twin solutions across global markets. These companies are strengthening operational resilience and productivity through advanced technology, global service networks, and industry-specific solutions.

Related Reports:

Industrial Services Market by SCADA, DCS, MES, Robotics, PLC, Safety System, Industrial PC, 3D Printing, Motor & Drive, PLC, HMI, Service Type (Engineering & Consulting, Installation & Commissioning, Improvement & Maintenance) - Global Forecast to 2030

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