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Industrial Automation Services Market

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Industrial Automation Services Market Outlook
Date :18/05/2020

Automation advancement result in increased functionality in any domain; specific to industrial automation, it helps to solve industrial problems by maximizing returns, adopting improved efficiency and strict control over operations. The requirement for simultaneous planning and devising of projects challenge end-users to strategize automation plans. Traditional concept of manufacturing gets easy by adoption of automation in operations by using programming software. Industrial automation services explained as methods to control industrial process automatically through electronically controlled systems. Real-time systems and updated information can empower personnel for accurate, fast and sharp actions to boost the productivity of the plant. With automation systems becoming complex at every stage, end-users present in the market are opting various automation control vendors

Global industrial automation services market is expected to witness growth in given period of forecast owing rise in adoption of value added services by various domains along with optimization of overall operational cost of industry. Industrial automation services are focused upon achieving energy efficiency and lowering labor cost, that plays a key role considering market drivers. A new trend adopted by the industry can be seen by rising adoption of big data application by industrial automation companies worldwide; a new step towards making industrial automation an intelligent way. Companies are already involved in intelligent industrial automation services, for instance, L&T Technology Services offer products related to machine control needs and manufacturing process ranging include SCADA platform conversion, PackML implementation, Touch-less manufacturing operations , these products offer smart automation services in industrial area with better advantages.

Drivers and restrain factor of the market

Major drivers of this market are adoption of automation to optimize overall operational cost for end-users.  Effective deployment of automation services by companies to take advantage of expertise to reduce project operating and plant maintenance costs. Companies can control costs by automating time-consuming and tedious tasks and reducing manual labor time.

However, high R&D expenditure and expensive machinery installation is hampering the market growth.  High investment is required to deploy latest automation solution technology and various automation services to optimize overall operational cost and enhance operational efficiency. However, several industries such as water management, pharmaceuticals, food and beverages are some from list that are witnessing rampant requirement of automation services, that will certainly lower the impact of restraint in forthcoming years affecting growth of Industrial Automation Services Market.

Major players in the market

ABB Ltd., Honeywell International Inc., Schneider Electric SE, Siemens AG, Mitsubishi Electric Corp., Hitachi, Ltd., Rockwell Automation Inc., Omron Corporation, General Electric Co., Bharat Heavy Electrical Ltd, Emerson Electric Co., are some major players operating in the market.  In July 2016, Rockwell Automation Inc. based in Milwaukee, a major player in industrial automation launched a solution to monitor capital assets by integrating, collecting and organizing data from sensors for real-time insights with the help of Azure IoT Services by Microsoft.

Recent key development in the market

Sensia: Provide of an integrated digital oilfield automation solution

Sensia is a joint venture of Schlumberger and Rockwell Automation that offer wide range of automation services and measurement solutions to oil and gas industry to operate efficiently. It include cloud, scalable and edge-enabled process automation along with lifecycle management automation solutions.

EcoStruxure Augmented Operator Advisor: For industrial augmented reality applications

EcoStruxure Augmented Operator Advisor integrate dynamic information and contextual for users (mobile) to experience a combination of virtual objects and real-life environment. It is Schneider Electric’s IoT-enabled, open, interoperable architecture and platform, plug-and-play platform for Data Centers, Buildings, Homes, Industries and Infrastructure.

Leading region and fastest growing region

Industrial Automation Services market is dominated by North America due to established automation industry in region considering US, Canada and Mexico. The United States being a home to large number of automation companies such as Rockwell Automation, Honeywell International, Danaher Corporation. These companies provide services along with products tailored to end-use industries. Whereas, Asia Pacific registered as fastest growing region for Industrial Automation Services market due to rising technological advancements in automation industry from regions such as India, South Korea, Japan, China and others; major contributors in revenue share of the market owing low cost labor and rising manufacturing industry.

Market segment

The global Industrial Automation Services market is segmented on the basis of Solution, Service Type, End-user, and Region.

On the basis of solution, market is segmented into DCS, SCADA, PLC, MES and others. Service type segment is sub-segmented into Project Engineering and Installation, Maintenance and Support, Consulting Services and Operational Services. On the basis of End-User, Automotive, Packaging, Power Industry, Oil & Gas, Pharmaceutical Industry, Food & Beverage, Pulp and Paper, Chemical and Petrochemical, Other Industries are sub-segmented.

Geographically, market is divided into North America consisting of US, Canada, and Mexico. Europe is sub-segmented as France, Germany, Italy, UK, Spain etc. Asia Pacific accounted for Japan, China, India, Australia, and South Korea. Countries such as Brazil and South Africa formed Rest of World.

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