Industrial Services Market are the services that companies provide for the industries as needed. This contains installation and commissioning, engineering and consulting services as well as operational improvement and maintenance. These types of services are traded between organizations for further facilitation of final goods or services.
Global industrial services market is expected to register a substantial CAGR of 6.10% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the expansion of industrial automation and related services. Moreover, the increasing demands for predictive maintenance services and increasing equipment complexity.
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Competitive Analysis: Global Industrial Services Market
Few of the major competitors currently working in Global Industrial Services Market are GENERAL ELECTRIC, Metso Corporation, Siemens, John Wood Group PLC, Honeywell International Inc, ABB, Emerson Electric Co., Rockwell Automation, Inc., Samson AG, Schneider Electric, ATS Automation Tooling Systems Inc., INTECH Process Automation Inc, SKF, Dynamysk Automation Ltd., Wunderlich-Malec Engineering, Inc., Yaskawa America, Inc., Fuji Electric Co., Ltd., ICONICS, Inc., Mitsubishi Electric Corporation and others.
Key Pointers Covered in the Global Industrial Services Market Trends and Forecast to 2026
- Global Industrial Services Market New Sales Volumes
- Global Industrial Services Market Replacement Sales Volumes
- Global Industrial Services Market Installed Base
- Global Industrial Services Market By Brands
- Global Industrial Services Market Size
- Global Industrial Services Market Procedure Volumes
- Global Industrial Services Market Product Price Analysis
- Global Industrial Services Market Healthcare Outcomes
- Global Industrial Services Market Cost of Care Analysis
- Global Industrial Services Market Regulatory Framework and Changes
- Global Industrial Services Market Prices and Reimbursement Analysis
- Global Industrial Services Market Shares in Different Regions
- Recent Developments for Global Industrial Services Market Competitors
- Global Industrial Services Market Upcoming Applications
- Global Industrial Services Market Innovators Study
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Key Developments in the Market:
- In July 2019, £2 million was invested in HAKI Universal scaffolding by Enigma Industrial Services for large-scale projects across the UK. Asset management director, Alan Scott predicted the growth of his company and promising commitment to their clients.
- In July 2019, ASRC Industrial Services (AIS) announced the acquisition of Environmental Quality Management (EQM). AIS is a premier provider of industrial and environmental services throughout the United States. This acquisition enhances its capabilities and increases the presence in key market.
- Rise in demand for predictive maintenance services is driving this market
- Rise in increasing equipment complexity is helping in the growth of this market
- The deployment of strategies like service contracts and agreements, product developments and expansions are fueling to market growth
- The impact of fluctuating oil prices has increased the demand for industrial services which is driving this market
- Varying compliances across regions is affecting the growth of market
- Less number of skilled personnel hinders the growth of the market
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Research Methodology: Global Industrial Services Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
- The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
- Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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