Industrial Services Market – Global Forecast To 2030
산업 서비스 시장 – SCADA, DCS, MES, 로보틱스, PLC, 안전 시스템, 산업용 PC, 3D 프린팅, 모터 및 드라이브, PLC, HMI, 서비스 유형 (엔지니어링 및 컨설팅, 설치 및 시운전, 개선 및 유지 보수) – 2030년까지 세계 예측
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
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2025년8월 |
| 페이지 수 | 290 |
| 도표 수 | 255 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
본 연구 보고서는 산업 서비스 시장을 서비스 유형(엔지니어링 및 컨설팅, 설치 및 시운전, 운영 개선 및 유지보수), 애플리케이션(제조 실행 시스템, DCS, PLC, SCADA 시스템, 모터 및 드라이브, 산업용 로봇, 산업용 3D 프린팅 솔루션, 안전 시스템, 산업용 PC, 인간-기계 인터페이스), 최종 사용 산업(자동차, 항공우주, 화학, 식음료, 금속 및 광업, 석유 및 가스, 제약, 에너지 및 전력, 상하수도, 반도체, 제지 및 펄프, 기타 최종 사용 산업), 그리고 지역(북미, 유럽, 아시아 태평양, 기타 국가)별로 분류합니다. 본 보고서는 산업 서비스 시장 성장에 영향을 미치는 주요 요인(동인, 제약, 과제, 기회 등)에 대한 자세한 정보를 다룹니다. 주요 업계 참여자에 대한 심층 분석을 통해 사업 개요, 솔루션 및 제품에 대한 통찰력을 제공했습니다. 주요 전략에는 산업 서비스 시장에서의 계약, 파트너십, 협정, 제품 출시, 인수합병 등이 포함됩니다. 이 보고서는 산업 서비스 생태계에서 떠오르는 스타트업에 대한 경쟁 분석을 다룹니다.
이 보고서는 시장 선도 기업과 신규 진입 기업 모두에게 전체 산업 서비스 시장 및 그 하위 부문의 매출 수치에 대한 가장 근사치 정보를 제공합니다. 또한 이해관계자들이 경쟁 환경을 이해하고, 사업의 입지를 강화하고 적절한 시장 진출 전략을 수립하는 데 필요한 통찰력을 얻는 데 도움이 될 것입니다. 또한, 이해관계자들이 시장의 흐름을 이해하고 주요 시장 동인, 제약, 과제, 그리고 기회에 대한 정보를 제공합니다.
산업 서비스 시장은 2025년 344억 1천만 달러에서 2030년 546억 9천만 달러로 성장하여 연평균 9.7%의 성장률을 기록할 것으로 예상됩니다.
산업 서비스는 장비 신뢰성, 규정 준수 및 운영 효율성을 보장하기 때문에 모든 분야에서 점점 더 중요해지고 있습니다. 제조업에서 이러한 서비스는 예측 유지보수, 공정 최적화 및 디지털 시스템 통합을 통해 인더스트리 4.0 혁신을 지원합니다. 제약 부문에서 이러한 서비스는 우수 제조 기준(GMP) 준수, 클린룸 유지보수 및 생산 환경 검증을 보장합니다. 에너지 및 전력, 유틸리티 부문은 전력망 유지보수, 인프라 업그레이드 및 안전 규정 준수를 위해 산업 서비스를 활용합니다. 물류 및 운송 부문에서는 장비 교정 및 시설 관리와 같은 서비스가 간소화된 운영을 지원합니다. 자동화, 지속 가능성 및 규제 기준에 대한 중요성이 커짐에 따라 산업 서비스는 변화하는 산업 환경에서 원활하고 규정을 준수하는 운영을 위한 필수적인 지원을 제공합니다.
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%. Industrial services are increasingly critical across sectors because they ensure equipment reliability, regulatory compliance, and operational efficiency. In the manufacturing industry, these services enable predictive maintenance, process optimization, and integration of digital systems to support Industry 4.0 transformation. In the pharmaceuticals sector, these services ensure adherence to Good Manufacturing Practices (GMPs), cleanroom maintenance, and validation of production environments. The energy & power and utilities sector leverages industrial services for grid maintenance, infrastructure upgrades, and safety compliance. In logistics and transportation, services such as equipment calibration and facility management support streamlined operations. With increasing emphasis on automation, sustainability, and regulatory standards, industrial services offer essential support for smooth and compliant operations across evolving industrial environments.
“Operational Improvement & Maintenance Services to Exhibit Highest CAGR During Forecast Period”
The operational improvement & maintenance services segment is expected to record the highest CAGR during the forecast period due to the increasing focus on enhancing plant efficiency, reducing operational costs, and extending equipment life cycles. As industries prioritize predictive and preventive maintenance strategies, demand for services that minimize unplanned downtime and ensure compliance with safety and environmental regulations is rising. Additionally, the shift toward Industry 4.0 accelerates the adoption of data-driven maintenance and process optimization tools. These services enable real-time monitoring, performance benchmarking, and advanced analytics, driving efficiency across operations. Aging industrial infrastructure in mature markets and growing industrialization in emerging economies further contribute to the segment’s growth. Companies also invest in maintenance outsourcing and integrated service contracts to improve cost predictability and operational resilience. Overall, the segment’s role in supporting reliability, safety, and performance improvement positions it as a key driver for the growth of the industrial services market.
“Oil & Gas Segment to Hold Second-largest Share of Industrial Services Market, by End-use Industry Throughout Forecast Period”
The oil & gas industry is expected to hold the second-largest share of the industrial services market throughout the forecast period due to its high dependency on operational reliability, safety, and regulatory compliance. With complex infrastructure and critical assets such as rigs, pipelines, and refineries, the industry requires continuous support through specialized maintenance, inspection, and process optimization services. Industrial services are vital in minimizing unplanned downtime, ensuring asset integrity, and extending equipment lifespan. The adoption of predictive analytics, remote monitoring, and digital twin technologies is increasing within the sector to enhance real-time decision-making and operational efficiency. Additionally, the sector’s strict environmental and safety regulations drive demand for compliance management and risk mitigation services. As global energy demand continues and oil & gas companies invest in conventional and renewable projects, the need for robust industrial services remains high. These factors collectively contribute to the segment’s strong and sustained market presence.
“Germany to Dominate Industrial Services Market in Europe During Forecast Period”
Germany is expected to dominate the industrial services market in Europe during the forecast period due to its strong manufacturing base, particularly in the automotive, engineering, and machinery sectors. As a global hub for precision engineering and industrial innovation, Germany relies heavily on advanced industrial services to ensure operational efficiency, compliance, and technological advancement. The country’s emphasis on automation, worker safety, and regulatory adherence further drives the demand for maintenance, logistics, and engineering services. The automotive sector, in particular, remains a major consumer of industrial services for production optimization and supply chain management. Germany’s focus on renewable energy and sustainability initiatives also increases the need for industrial services in wind and solar infrastructure maintenance. Strategic investments from companies such as Stellantis and Lilly in high-tech manufacturing facilities highlight growing industrial activity. Combined with government support and a mature research and innovation ecosystem, these factors position Germany as the leading industrial services market in Europe.
- By Company Type: Tier 1 – 10%, Tier 2 – 55%, and Tier 3 – 35%
- By Designation: Directors – 45%, Managers – 25%, and Others – 30%
- By Region: North America – 55%, Europe – 20%, Asia Pacific – 15%, and RoW – 10%
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 (Canada), Metso (Finland), Yaskawa Electric Corporation (Japan), SKF (Sweden), Atlas Copco AB (Sweden) are some key players in the industrial services market.
The study includes an in-depth competitive analysis of these key players in the industrial services market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the industrial services market by service type (engineering & consulting, installation & commissioning, operational improvement & maintenance), application (manufacturing execution systems, DCS, PLCs, SCADA systems, motors & drives, industrial robotics, industrial 3D printing solutions, safety systems, industrial PCs, human–machine interfaces), end-use industry (automotive, aerospace, chemicals, food & beverages, metals & mining, oil & gas, pharmaceuticals, energy & power, water & wastewater, semiconductor, paper & pulp, and other end-use industries), and by region (North America, Europe, Asia Pacific, and Rest of the World). The report’s scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the industrial services market. A thorough analysis of the key industry players has provided insights into their business overview, solutions, and products; key strategies include contracts, partnerships, agreements, product launches, and mergers and acquisitions in the industrial services market. This report covers the competitive analysis of upcoming startups in the industrial services ecosystem.
Reasons to Buy This Report
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall industrial services market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (expanding use of industry 4.0 technologies, robust growth in the manufacturing sector, growing demand for upgrading outdated infrastructure, rising strategic focus on international growth among manufacturing firms), restraints (prolonged payback duration and substantial upfront cost requirements, difficulty in sourcing skilled talent), opportunities (increasing focus on sustainability and emission control, rising focus on strengthening digital security frameworks), and challenges (technology disruption accelerating obsolescence risks, intensely competitive market landscape)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product & service launches in the industrial services market
- Market Development: Comprehensive information about lucrative markets by analyzing the industrial services market across varied regions
- Market Diversification: Exhaustive information about newly launched products and services, untapped geographies, recent developments, and investments in the industrial services market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players in the industrial services market, such as 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), and Mitsubishi Electric Corporation (Japan), among others.
Table of Contents
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 25
1.3.2 INCLUSIONS AND EXCLUSIONS 26
1.3.3 YEARS CONSIDERED 26
1.4 CURRENCY CONSIDERED 26
1.5 LIMITATIONS 27
1.6 STAKEHOLDERS 27
1.7 SUMMARY OF CHANGES 27
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY DATA 30
2.1.1.1 Major secondary sources 30
2.1.1.2 Key data from secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Intended participants and key opinion leaders in primary interviews 31
2.1.2.2 List of major participants in primary interviews 31
2.1.2.3 Key data from primary sources 32
2.1.2.4 Breakdown of primaries 32
2.1.3 SECONDARY AND PRIMARY RESEARCH 33
2.1.3.1 Key industry insights 34
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH 36
2.2.1.1 Approach to arrive at market size using bottom-up analysis
(demand side) 36
2.2.2 TOP-DOWN APPROACH 37
2.2.2.1 Approach to arrive at market size using top-down analysis
(supply side) 37
2.3 DATA TRIANGULATION 38
2.4 RESEARCH ASSUMPTIONS 39
2.5 RISK ASSESSMENT 40
2.6 STUDY LIMITATIONS 40
3 EXECUTIVE SUMMARY 41
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL SERVICES MARKET 45
4.2 INDUSTRIAL SERVICES MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION 46
4.3 INDUSTRIAL SERVICES MARKET IN ASIA PACIFIC, BY APPLICATION 46
4.4 GLOBAL INDUSTRIAL SERVICES MARKET, BY COUNTRY 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 48
5.2.1 DRIVERS 48
5.2.1.1 Increasing adoption of Industry 4.0 technology 48
5.2.1.2 Booming manufacturing sector worldwide 49
5.2.1.3 Pressing need to upgrade outdated infrastructure 50
5.2.1.4 Rising focus of manufacturing firms on expanding their market reach 51
5.2.2 RESTRAINTS 52
5.2.2.1 High capital barriers and delayed returns 52
5.2.2.2 Shortage of skilled workforce 52
5.2.3 OPPORTUNITIES 53
5.2.3.1 Global shift toward sustainability, energy efficiency, and emission reduction 53
5.2.3.2 Rising focus on strengthening digital security frameworks 53
5.2.4 CHALLENGES 54
5.2.4.1 Obsolescence risks stemming from rapid technological advancements 54
5.2.4.2 Intensely competitive market landscape 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 56
5.4 VALUE CHAIN ANALYSIS 56
5.5 ECOSYSTEM ANALYSIS 58
5.6 TECHNOLOGY ANALYSIS 59
5.6.1 KEY TECHNOLOGIES 59
5.6.1.1 Internet of Things (IoT) 59
5.6.1.2 Augmented reality (AR) and virtual reality (VR) 59
5.6.1.3 Automation and robotics 60
5.6.1.4 Big data analytics 60
5.6.1.5 Artificial intelligence (AI) 60
5.6.2 COMPLEMENTARY TECHNOLOGIES 60
5.6.2.1 Blockchain and supply chain management 60
5.6.2.2 Edge computing and 5G 60
5.6.2.3 Digital twins and predictive maintenance 60
5.6.2.4 Cybersecurity solutions and data encryption 60
5.6.3 ADJACENT TECHNOLOGIES 60
5.6.3.1 5G connectivity 60
5.6.3.2 Renewable energy technologies 60
5.6.3.3 Smart building technologies 60
5.6.3.4 Food safety technologies 61
5.7 PATENT ANALYSIS 61
5.8 TRADE ANALYSIS 65
5.9 TARIFF ANALYSIS 67
5.10 PORTER’S FIVE FORCES ANALYSIS 67
5.10.1 THREAT OF NEW ENTRANTS 68
5.10.2 THREAT OF SUBSTITUTES 68
5.10.3 BARGAINING POWER OF SUPPLIERS 69
5.10.4 BARGAINING POWER OF BUYERS 69
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 69
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 69
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 69
5.11.2 BUYING CRITERIA 70
5.12 CASE STUDY ANALYSIS 71
5.12.1 INDIA-BASED CEMENT MANUFACTURER COLLABORATED WITH ABB TO OPTIMIZE OPERATIONS 71
5.12.2 NESTLE PARTNERED WITH SCHNEIDER ELECTRIC TO IMPROVE OPERATIONAL EFFICIENCY 71
5.12.3 BP COLLABORATED WITH GENERAL ELECTRIC TO ENHANCE PERFORMANCE AND RELIABILITY OF INDUSTRIAL EQUIPMENT AND MACHINERY 72
5.12.4 PROCTER & GAMBLE COLLABORATED WITH ROCKWELL AUTOMATION TO IMPROVE MANUFACTURING PROCESSES, REDUCE DOWNTIME, AND ENHANCE PRODUCT QUALITY 72
5.13 STANDARDS AND REGULATORY LANDSCAPE 73
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
5.13.2 STANDARDS AND REGULATIONS RELATED TO INDUSTRIAL SERVICES 75
5.13.2.1 ISO 9001:2015 – Quality Management Systems 75
5.13.2.2 ISO 14001:2015 – Environmental Management Systems 75
5.13.2.3 ISO 45001:2018 – Occupational Health and Safety Management Systems 75
5.13.2.4 ASME B31.3 – Process Piping 75
5.13.2.5 NFPA 70 – National Electrical Code (NEC) 75
5.13.2.6 API 510 – Pressure Vessel Inspection Code: In-service Inspection, Rating, Repair, and Alteration 75
5.13.2.7 OSHA 29 CFR 1910 – Occupational Safety and Health Standards 76
5.13.2.8 IEC 61511 – Functional Safety – Safety Instrumented Systems for Process Industry Sector 76
5.14 KEY CONFERENCES AND EVENTS, 2025–2026 76
5.15 IMPACT OF AI ON INDUSTRIAL SERVICES MARKET 77
5.15.1 INTRODUCTION 77
5.15.2 AI-SPECIFIC USE CASES 77
5.16 IMPACT OF 2025 US TARIFFS — OVERVIEW 79
5.16.1 INTRODUCTION 79
5.16.2 KEY TARIFF RATES 80
5.16.3 PRICE IMPACT ANALYSIS 80
5.16.4 IMPACT ON COUNTRIES/REGIONS 81
5.16.4.1 US 81
5.16.4.2 Europe 82
5.16.4.3 Asia Pacific 83
5.16.5 IMPACT ON END-USE INDUSTRIES 84
6 INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE 86
6.1 INTRODUCTION 87
6.2 ENGINEERING & CONSULTING 88
6.2.1 GROWING COMPLEXITY OF LARGE-SCALE INDUSTRIAL PROJECTS TO BOOST DEMAND 88
6.3 INSTALLATION & COMMISSIONING 91
6.3.1 NEED FOR APPROPRIATE SETUP, INTEGRATION, AND VERIFICATION OF INDUSTRIAL SYSTEMS TO FUEL SEGMENTAL GROWTH 91
6.4 OPERATIONAL IMPROVEMENT & MAINTENANCE 93
6.4.1 RISING NEED FOR SCHEDULED MAINTENANCE TO ENSURE CONTINUOUS OPERATIONS TO BOOST DEMAND 93
7 INDUSTRIAL SERVICES MARKET, BY APPLICATION 98
7.1 INTRODUCTION 99
7.2 MES 101
7.2.1 GROWING ADOPTION OF INDUSTRY 4.0 AND SMART FACTORY INITIATIVES TO BOOST DEMAND 101
7.3 DCS 103
7.3.1 GREATER EMPHASIS ON IMPROVING PLANT EFFICIENCY AND MINIMIZING MANUAL INTERVENTION TO ELEVATE DEMAND 103
7.4 PLC 106
7.4.1 EXCELLENCE IN IDENTIFYING POTENTIAL FAILURES IN ADVANCE TO STIMULATE ADOPTION 106
7.5 SCADA SYSTEM 108
7.5.1 STRONG FOCUS ON OPTIMIZING INDUSTRIAL OPERATIONS TO STIMULATE DEMAND 108
7.6 MOTOR & DRIVE 111
7.6.1 GROWING INCLINATION TOWARD PREDICTIVE ANALYTICS AND SMART MAINTENANCE TO DRIVE MARKET 111
7.6.2 DIGITAL TECHNOLOGIES USED IN MOTORS AND DRIVES 111
7.6.2.1 Artificial intelligence 111
7.6.2.2 Smart sensors 112
7.6.2.3 Connectivity technologies 112
7.7 INDUSTRIAL ROBOT 115
7.7.1 DEPLOYMENT OF COLLABORATIVE ROBOTS IN ASSEMBLY AND INSPECTION APPLICATIONS TO PROPEL MARKET 115
7.8 INDUSTRIAL 3D PRINTER 118
7.8.1 SURGING USE OF ADDITIVE MANUFACTURING IN PROTOTYPING AND COMPLEX PART PRODUCTION TO FACILITATE MARKET GROWTH 118
7.9 FUNCTIONAL SAFETY SYSTEM 120
7.9.1 POTENTIAL TO ENSURE SYSTEM INTEGRITY AND SAFETY TO PROMOTE ADOPTION 120
7.9.2 BURNER MANAGEMENT SYSTEM (BMS) 120
7.9.3 EMERGENCY SHUTDOWN (ESD) SYSTEM 121
7.9.4 FIRE & GAS MONITORING AND CONTROL SYSTEM 121
7.9.5 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM (HIPPS) 122
7.9.6 TURBOMACHINERY CONTROL (TMC) SYSTEM 122
7.10 INDUSTRIAL PC 125
7.10.1 URGENT NEED FOR REAL-TIME DATA COLLECTION, ANALYSIS, AND PROCESSING TO FOSTER MARKET GROWTH 125
7.11 HUMAN–MACHINE INTERFACE 128
7.11.1 INTEGRATION OF HMI SYSTEMS WITH CLOUD AND EDGE COMPUTING FOR SCALABLE CONTROL TO CONTRIBUTE TO MARKET GROWTH 128
8 INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY 131
8.1 INTRODUCTION 132
8.2 AUTOMOTIVE 134
8.2.1 GROWING USE OF DIGITAL TWIN AND REAL-TIME MONITORING TECHNOLOGIES DURING AUTOMOBILE PRODUCTION TO ACCELERATE MARKET GROWTH 134
8.3 AEROSPACE 136
8.3.1 INCREASING INVESTMENTS IN AEROSPACE TECHNOLOGIES TO ACCELERATE MARKET GROWTH 136
8.4 CHEMICALS 138
8.4.1 HIGH PRIORITY FOR OPERATIONAL EXCELLENCE AND RISK MANAGEMENT TO ACCELERATE ADOPTION 138
8.5 FOOD & BEVERAGES 141
8.5.1 RISING USE OF ADVANCED PROCESS CONTROL TECHNOLOGIES TO ACHIEVE HIGH-SPEED PRODUCTION TO FOSTER MARKET GROWTH 141
8.6 METALS & MINING 144
8.6.1 ELEVATING USE OF ADVANCED CONTROL SYSTEMS AND REAL-TIME ANALYTICS FOR SAFER AND EFFICIENT OPERATIONS TO FACILITATE MARKET GROWTH 144
8.7 OIL & GAS 146
8.7.1 SURGING DEMAND FOR ASSET MANAGEMENT SOLUTIONS FROM OIL & GAS COMPANIES TO DRIVE MARKET 146
8.8 PHARMACEUTICALS 147
8.8.1 INCREASING SIGNIFICANCE OF PROCESS STANDARDIZATION AND GMP COMPLIANCE TO ACCELERATE MARKET GROWTH 147
8.9 ENERGY & POWER 149
8.9.1 RISING ADOPTION OF SMART GRID TECHNOLOGIES AND CONDITION MONITORING TO SUPPORT MARKET GROWTH 149
8.10 WATER & WASTEWATER 151
8.10.1 INCREASING INVESTMENT IN SUSTAINABLE WATER MANAGEMENT INITIATIVES TO DRIVE MARKET 151
8.11 SEMICONDUCTOR 153
8.11.1 RISING DEMAND FOR HIGH-PERFORMANCE CHIPS AND PRECISION MANUFACTURING TO FUEL MARKET GROWTH 153
8.12 PAPER & PULP 155
8.12.1 STRINGENT WASTE DISPOSAL AND ENVIRONMENTAL COMPLIANCE STANDARDS TO BOOST DEMAND 155
8.13 OTHER END-USE INDUSTRIES 157
9 INDUSTRIAL SERVICES MARKET, BY REGION 159
9.1 INTRODUCTION 160
9.2 NORTH AMERICA 161
9.2.1 US 164
9.2.1.1 Increasing adoption of automation to enhance manufacturing productivity to fuel market growth 164
9.2.2 CANADA 165
9.2.2.1 Strategic government funding to support industrial modernization and innovation to foster market growth 165
9.2.3 MEXICO 165
9.2.3.1 Evolution of country as manufacturing hub to boost demand 165
9.3 EUROPE 166
9.3.1 UK 169
9.3.1.1 Growing adoption of Industry 4.0 and zero-emission initiatives across industries to promote market growth 169
9.3.2 GERMANY 170
9.3.2.1 Rising focus of automobile manufacturers on precision engineering to boost demand 170
9.3.3 FRANCE 171
9.3.3.1 Increasing investment in improving aerospace infrastructure to support market growth 171
9.3.4 ITALY 172
9.3.4.1 Strategic investments in energy infrastructure and advanced manufacturing to propel market 172
9.3.5 REST OF EUROPE 172
9.4 ASIA PACIFIC 173
9.4.1 CHINA 176
9.4.1.1 Rising investments in robotics and AI technologies to drive market 176
9.4.2 JAPAN 177
9.4.2.1 Expansion of semiconductor and electronics manufacturing to contribute to market growth 177
9.4.3 INDIA 177
9.4.3.1 Rising demand for cybersecurity and infrastructure support services to fuel market growth 177
9.4.4 SOUTH KOREA 178
9.4.4.1 Increasing investment in AI-related services to fuel market growth 178
9.4.5 REST OF ASIA PACIFIC 179
9.5 ROW 179
9.5.1 SOUTH AMERICA 180
9.5.1.1 Infrastructure development and automation initiatives to facilitate market growth 180
9.5.2 MIDDLE EAST 181
9.5.2.1 Saudi Arabia 183
9.5.2.1.1 Rising demand for green hydrogen and clean energy technologies to create growth opportunities 183
9.5.2.2 UAE 183
9.5.2.2.1 Thriving petrochemicals and logistics sectors to accelerate market growth 183
9.5.2.3 Qatar 183
9.5.2.3.1 Expansion of LNG projects to promote market growth 183
9.5.2.4 Kuwait 184
9.5.2.4.1 Oil refinery modernization initiatives to support market growth 184
9.5.2.5 Oman 184
9.5.2.5.1 Emphasis on renewable energy projects to favor market growth 184
9.5.2.6 Bahrain 184
9.5.2.6.1 Government incentives for industrial service providers to fuel market growth 184
9.5.2.7 Rest of Middle East 185
9.5.3 AFRICA 185
9.5.3.1 South Africa 186
9.5.3.1.1 Mining sector expansion to drive market 186
9.5.3.2 Other African countries 186
10 COMPETITIVE LANDSCAPE 187
10.1 INTRODUCTION 187
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025 187
10.3 REVENUE ANALYSIS, 2020–2024 190
10.4 MARKET SHARE ANALYSIS, 2024 190
10.5 COMPANY VALUATION AND FINANCIAL METRICS 193
10.6 COMPANY EVALUATION MATRIX: KEY COMPANIES, 2024 194
10.6.1 STARS 194
10.6.2 EMERGING LEADERS 194
10.6.3 PERVASIVE PLAYERS 194
10.6.4 PARTICIPANTS 194
10.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 196
10.6.5.1 Company footprint 196
10.6.5.2 Region footprint 197
10.6.5.3 Service type footprint 198
10.6.5.4 Application footprint 199
10.6.5.5 End-use industry footprint 200
10.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 201
10.7.1 PROGRESSIVE COMPANIES 201
10.7.2 RESPONSIVE COMPANIES 201
10.7.3 DYNAMIC COMPANIES 201
10.7.4 STARTING BLOCKS 201
10.7.5 COMPETITIVE BENCHMARKING: KEY STARTUPS/SMES, 2024 203
10.7.5.1 Detailed list of startups/SMEs 203
10.7.5.2 Competitive benchmarking of key startups/SMEs 204
10.8 COMPETITIVE SCENARIO 206
10.8.1 SOLUTION/SERVICE LAUNCHES 206
10.8.2 DEALS 208
10.8.3 EXPANSIONS 214
10.8.4 OTHER DEVELOPMENTS 215
11 COMPANY PROFILES 216
11.1 KEY PLAYERS 216
11.1.1 ABB 216
11.1.1.1 Business overview 216
11.1.1.2 Services offered 218
11.1.1.3 Recent developments 219
11.1.1.3.1 Solution/Service launches 219
11.1.1.3.2 Deals 219
11.1.1.4 MnM view 220
11.1.1.4.1 Key strengths/Right to win 220
11.1.1.4.2 Strategic choices 221
11.1.1.4.3 Weaknesses/Competitive threats 221
11.1.2 SCHNEIDER ELECTRIC 222
11.1.2.1 Business overview 222
11.1.2.2 Services offered 223
11.1.2.3 Recent developments 225
11.1.2.3.1 Solution/Service launches 225
11.1.2.3.2 Deals 226
11.1.2.4 MnM view 226
11.1.2.4.1 Key strengths/Right to win 226
11.1.2.4.2 Strategic choices 226
11.1.2.4.3 Weaknesses/Competitive threats 227
11.1.3 SIEMENS 228
11.1.3.1 Business overview 228
11.1.3.2 Services offered 229
11.1.3.3 Recent developments 232
11.1.3.3.1 Solution/Service launches 232
11.1.3.3.2 Deals 232
11.1.3.3.3 Expansions 233
11.1.3.3.4 Other developments 233
11.1.3.4 MnM view 233
11.1.3.4.1 Key strengths/Right to win 233
11.1.3.4.2 Strategic choices 234
11.1.3.4.3 Weaknesses/Competitive threats 234
11.1.4 ROCKWELL AUTOMATION 235
11.1.4.1 Business overview 235
11.1.4.2 Services offered 236
11.1.4.3 Recent developments 238
11.1.4.3.1 Solution/Service launches 238
11.1.4.3.2 Deals 239
11.1.4.4 MnM view 240
11.1.4.4.1 Key strengths/Right to win 240
11.1.4.4.2 Strategic choices 240
11.1.4.4.3 Weaknesses/Competitive threats 240
11.1.5 HONEYWELL INTERNATIONAL INC. 241
11.1.5.1 Business overview 241
11.1.5.2 Services offered 242
11.1.5.3 Recent developments 244
11.1.5.3.1 Deals 244
11.1.5.4 MnM view 245
11.1.5.4.1 Key strengths/Right to win 245
11.1.5.4.2 Strategic choices 245
11.1.5.4.3 Weaknesses/Competitive threats 245
11.1.6 GE VERNOVA 246
11.1.6.1 Business overview 246
11.1.6.2 Services offered 247
11.1.6.3 Recent developments 248
11.1.6.3.1 Deals 248
11.1.6.3.2 Expansions 249
11.1.6.3.3 Other developments 250
11.1.7 EMERSON ELECTRIC CO. 251
11.1.7.1 Business overview 251
11.1.7.2 Services offered 252
11.1.7.3 Recent developments 254
11.1.7.3.1 Deals 254
11.1.8 YOKOGAWA ELECTRIC CORPORATION 255
11.1.8.1 Business overview 255
11.1.8.2 Services offered 256
11.1.8.3 Recent developments 259
11.1.8.3.1 Solution/Service launches 259
11.1.8.3.2 Deals 260
11.1.9 EATON 261
11.1.9.1 Business overview 261
11.1.9.2 Services offered 262
11.1.9.3 Recent developments 263
11.1.9.3.1 Deals 263
11.1.9.3.2 Other developments 264
11.1.10 MITSUBISHI ELECTRIC CORPORATION 265
11.1.10.1 Business overview 265
11.1.10.2 Services offered 267
11.2 OTHER COMPANIES 268
11.2.1 ATS CORPORATION 268
11.2.2 METSO 269
11.2.3 YASKAWA ELECTRIC CORPORATION 270
11.2.4 SKF 271
11.2.5 ATLAS COPCO AB 272
11.2.6 PARKER HANNIFIN CORP 273
11.2.7 DANAHER CORPORATION 274
11.2.8 CUMMINS INC. 275
11.2.9 WÄRTSILÄ 276
11.2.10 ALSTOM SA 277
11.2.11 INGERSOLL RAND 278
11.2.12 INTECH 279
11.2.13 PRIME CONTROLS, LP 280
11.2.14 WUNDERLICH-MALEC ENGINEERING, INC. 281
11.2.15 SAMSON AG 282
12 APPENDIX 283
12.1 DISCUSSION GUIDE 283
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 286
12.3 CUSTOMIZATION OPTIONS 288
12.4 RELATED REPORTS 288
12.5 AUTHOR DETAILS 289
LIST OF TABLES
TABLE 1 RISK FACTOR ANALYSIS 40
TABLE 2 ROLE OF COMPANIES IN ECOSYSTEM 59
TABLE 3 LIST OF KEY PATENTS IN INDUSTRIAL SERVICES MARKET, 2020–2024 62
TABLE 4 IMPORT DATA FOR HS CODE 847950-COMPLIANT SERVICES, BY COUNTRY,
2020–2024 (USD MILLION) 65
TABLE 5 EXPORT DATA FOR HS CODE 847950-COMPLIANT SERVICES, BY COUNTRY,
2020–2024 (USD MILLION) 66
TABLE 6 MFN TARIFFS FOR HS CODE 847950-COMPLIANT SERVICES EXPORTED
BY US TO OTHER COUNTRIES, 2024 67
TABLE 7 IMPACT OF PORTER’S FIVE FORCES ON INDUSTRIAL SERVICES MARKET 67
TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USE INDUSTRIES (%) 70
TABLE 9 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES 70
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 14 INDUSTRIAL SERVICES MARKET: LIST OF KEY CONFERENCES AND EVENTS 76
TABLE 15 US-ADJUSTED RECIPROCAL TARIFF RATES, 2025 (USD BILLION) 80
TABLE 16 ANTICIPATED CHANGE IN PRICES AND IMPACT ON END-USE INDUSTRIES DUE TO TARIFFS 81
TABLE 17 INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2021–2024 (USD MILLION) 87
TABLE 18 INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION) 87
TABLE 19 ENGINEERING & CONSULTING: INDUSTRIAL SERVICES MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 89
TABLE 20 ENGINEERING & CONSULTING: INDUSTRIAL SERVICES MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 89
TABLE 21 INSTALLATION & COMMISSIONING: INDUSTRIAL SERVICES MARKET,
BY APPLICATION, 2021–2024 (USD MILLION) 92
TABLE 22 INSTALLATION & COMMISSIONING: INDUSTRIAL SERVICES MARKET,
BY APPLICATION, 2025–2030 (USD MILLION) 92
TABLE 23 OPERATIONAL IMPROVEMENT & MAINTENANCE: INDUSTRIAL SERVICES MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 94
TABLE 24 OPERATIONAL IMPROVEMENT & MAINTENANCE: INDUSTRIAL SERVICES MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 94
TABLE 25 INDUSTRIAL SERVICES MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 100
TABLE 26 INDUSTRIAL SERVICES MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 100
TABLE 27 MES: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2021–2024 (USD MILLION) 101
TABLE 28 MES: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2025–2030 (USD MILLION) 101
TABLE 29 MES: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2021–2024 (USD MILLION) 102
TABLE 30 MES: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 102
TABLE 31 MES: INDUSTRIAL SERVICES MARKET, BY REGION, 2021–2024 (USD MILLION) 103
TABLE 32 MES: INDUSTRIAL SERVICES MARKET, BY REGION, 2025–2030 (USD MILLION) 103
TABLE 33 DCS: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2021–2024 (USD MILLION) 104
TABLE 34 DCS: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2025–2030 (USD MILLION) 104
TABLE 35 DCS: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2021–2024 (USD MILLION) 104
TABLE 36 DCS: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 105
TABLE 37 DCS: INDUSTRIAL SERVICES MARKET, BY REGION, 2021–2024 (USD MILLION) 105
TABLE 38 DCS: INDUSTRIAL SERVICES MARKET, BY REGION, 2025–2030 (USD MILLION) 105
TABLE 39 PLC: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2021–2024 (USD MILLION) 106
TABLE 40 PLC: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2025–2030 (USD MILLION) 106
TABLE 41 PLC: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2021–2024 (USD MILLION) 107
TABLE 42 PLC: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 107
TABLE 43 PLC: INDUSTRIAL SERVICES MARKET, BY REGION, 2021–2024 (USD MILLION) 108
TABLE 44 PLC: INDUSTRIAL SERVICES MARKET, BY REGION, 2025–2030 (USD MILLION) 108
TABLE 45 SCADA SYSTEM: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2021–2024 (USD MILLION) 109
TABLE 46 SCADA SYSTEM: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2025–2030 (USD MILLION) 109
TABLE 47 SCADA SYSTEM: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2021–2024 (USD MILLION) 109
TABLE 48 SCADA SYSTEM: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 110
TABLE 49 SCADA SYSTEM: INDUSTRIAL SERVICES MARKET, BY REGION,
2021–2024 (USD MILLION) 110
TABLE 50 SCADA SYSTEM: INDUSTRIAL SERVICES MARKET, BY REGION,
2025–2030 (USD MILLION) 110
TABLE 51 MOTOR & DRIVE: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2021–2024 (USD MILLION) 112
TABLE 52 MOTOR & DRIVE: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2025–2030 (USD MILLION) 113
TABLE 53 MOTOR & DRIVE: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2021–2024 (USD MILLION) 113
TABLE 54 MOTOR & DRIVE: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 114
TABLE 55 MOTOR & DRIVE: INDUSTRIAL SERVICES MARKET, BY REGION,
2021–2024 (USD MILLION) 114
TABLE 56 MOTOR & DRIVE: INDUSTRIAL SERVICES MARKET, BY REGION,
2025–2030 (USD MILLION) 115
TABLE 57 INDUSTRIAL ROBOT: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2021–2024 (USD MILLION) 115
TABLE 58 INDUSTRIAL ROBOT: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2025–2030 (USD MILLION) 116
TABLE 59 INDUSTRIAL ROBOT: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION) 116
TABLE 60 INDUSTRIAL ROBOT: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 117
TABLE 61 INDUSTRIAL ROBOT: INDUSTRIAL SERVICES MARKET, BY REGION,
2021–2024 (USD MILLION) 117
TABLE 62 INDUSTRIAL ROBOT: INDUSTRIAL SERVICES MARKET, BY REGION,
2025–2030 (USD MILLION) 117
TABLE 63 INDUSTRIAL 3D PRINTER: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2021–2024 (USD MILLION) 118
TABLE 64 INDUSTRIAL 3D PRINTER: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION) 118
TABLE 65 INDUSTRIAL 3D PRINTER: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION) 119
TABLE 66 INDUSTRIAL 3D PRINTER: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 119
TABLE 67 INDUSTRIAL 3D PRINTER: INDUSTRIAL SERVICES MARKET, BY REGION,
2021–2024 (USD MILLION) 120
TABLE 68 INDUSTRIAL 3D PRINTER: INDUSTRIAL SERVICES MARKET, BY REGION,
2025–2030 (USD MILLION) 120
TABLE 69 FUNCTIONAL SAFETY SYSTEM: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2021–2024 (USD MILLION) 123
TABLE 70 FUNCTIONAL SAFETY SYSTEM: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION) 123
TABLE 71 FUNCTIONAL SAFETY SYSTEM: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION) 123
TABLE 72 FUNCTIONAL SAFETY SYSTEM: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 124
TABLE 73 FUNCTIONAL SAFETY SYSTEM: INDUSTRIAL SERVICES MARKET, BY REGION, 2021–2024 (USD MILLION) 124
TABLE 74 FUNCTIONAL SAFETY SYSTEM: INDUSTRIAL SERVICES MARKET, BY REGION, 2025–2030 (USD MILLION) 125
TABLE 75 INDUSTRIAL PC: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2021–2024 (USD MILLION) 126
TABLE 76 INDUSTRIAL PC: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE,
2025–2030 (USD MILLION) 126
TABLE 77 INDUSTRIAL PC: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2021–2024 (USD MILLION) 126
TABLE 78 INDUSTRIAL PC: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 127
TABLE 79 INDUSTRIAL PC: INDUSTRIAL SERVICES MARKET, BY REGION,
2021–2024 (USD MILLION) 127
TABLE 80 INDUSTRIAL PC: INDUSTRIAL SERVICES MARKET, BY REGION,
2025–2030 (USD MILLION) 128
TABLE 81 HUMAN–MACHINE INTERFACE: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2021–2024 (USD MILLION) 129
TABLE 82 HUMAN–MACHINE INTERFACE: INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION) 129
TABLE 83 HUMAN–MACHINE INTERFACE: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY, 2021–2024 (USD MILLION) 129
TABLE 84 HUMAN–MACHINE INTERFACE: INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY, 2025–2030 (USD MILLION) 130
TABLE 85 HUMAN–MACHINE INTERFACE: INDUSTRIAL SERVICES MARKET, BY REGION, 2021–2024 (USD MILLION) 130
TABLE 86 HUMAN–MACHINE INTERFACE: INDUSTRIAL SERVICES MARKET, BY REGION, 2025–2030 (USD MILLION) 130
TABLE 87 INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2021–2024 (USD MILLION) 133
TABLE 88 INDUSTRIAL SERVICES MARKET, BY END-USE INDUSTRY,
2025–2030 (USD MILLION) 133
TABLE 89 AUTOMOTIVE: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 135
TABLE 90 AUTOMOTIVE: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 135
TABLE 91 AEROSPACE: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 137
TABLE 92 AEROSPACE: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 137
TABLE 93 CHEMICALS: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 140
TABLE 94 CHEMICALS: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 140
TABLE 95 FOOD & BEVERAGES: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 143
TABLE 96 FOOD & BEVERAGES: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 143
TABLE 97 METALS & MINING: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 145
TABLE 98 METALS & MINING: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 145
TABLE 99 OIL & GAS: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 146
TABLE 100 OIL & GAS: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 147
TABLE 101 PHARMACEUTICALS: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 148
TABLE 102 PHARMACEUTICALS: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 148
TABLE 103 ENERGY & POWER: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 150
TABLE 104 ENERGY & POWER: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 150
TABLE 105 WATER & WASTEWATER: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 152
TABLE 106 WATER & WASTEWATER: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 152
TABLE 107 SEMICONDUCTOR: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 154
TABLE 108 SEMICONDUCTOR: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 154
TABLE 109 PAPER & PULP: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 156
TABLE 110 PAPER & PULP: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 156
TABLE 111 OTHER END-USE INDUSTRIES: INDUSTRIAL SERVICES MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 158
TABLE 112 OTHER END-USE INDUSTRIES: INDUSTRIAL SERVICES MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 158
TABLE 113 INDUSTRIAL SERVICES MARKET, BY REGION, 2021–2024 (USD MILLION) 160
TABLE 114 INDUSTRIAL SERVICES MARKET, BY REGION, 2025–2030 (USD MILLION) 160
TABLE 115 NORTH AMERICA: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 162
TABLE 116 NORTH AMERICA: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 163
TABLE 117 NORTH AMERICA: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 163
TABLE 118 NORTH AMERICA: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 164
TABLE 119 EUROPE: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 167
TABLE 120 EUROPE: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 168
TABLE 121 EUROPE: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 168
TABLE 122 EUROPE: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 169
TABLE 123 ASIA PACIFIC: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 174
TABLE 124 ASIA PACIFIC: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 175
TABLE 125 ASIA PACIFIC: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 175
TABLE 126 ASIA PACIFIC: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 176
TABLE 127 ROW: INDUSTRIAL SERVICES MARKET, BY REGION, 2021–2024 (USD MILLION) 179
TABLE 128 ROW: INDUSTRIAL SERVICES MARKET, BY REGION, 2025–2030 (USD MILLION) 179
TABLE 129 ROW: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 180
TABLE 130 ROW: INDUSTRIAL SERVICES MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 180
TABLE 131 MIDDLE EAST: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 181
TABLE 132 MIDDLE EAST: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 182
TABLE 133 GCC: INDUSTRIAL SERVICES MARKET, BY COUNTRY, 2021–2024 (USD MILLION) 182
TABLE 134 GCC: INDUSTRIAL SERVICES MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 182
TABLE 135 AFRICA: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 185
TABLE 136 AFRICA: INDUSTRIAL SERVICES MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 185
TABLE 137 OVERVIEW OF STRATEGIES ADOPTED BY COMPANIES IN INDUSTRIAL SERVICES MARKET 187
TABLE 138 INDUSTRIAL SERVICES MARKET: DEGREE OF COMPETITION, 2024 191
TABLE 139 INDUSTRIAL SERVICES MARKET: REGION FOOTPRINT 197
TABLE 140 INDUSTRIAL SERVICE MARKET: SERVICE TYPE FOOTPRINT 198
TABLE 141 INDUSTRIAL SERVICE MARKET: APPLICATION FOOTPRINT 199
TABLE 142 INDUSTRIAL SERVICE MARKET: END-USE INDUSTRY FOOTPRINT 200
TABLE 143 INDUSTRIAL SERVICES MARKET: LIST OF STARTUPS/SMES 203
TABLE 144 INDUSTRIAL SERVICES MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 204
TABLE 145 INDUSTRIAL SERVICES MARKET: SOLUTION/SERVICE LAUNCHES,
JANUARY 2022–JULY 2025 206
TABLE 146 INDUSTRIAL SERVICES MARKETS MARKET: DEALS, JANUARY 2022–JULY 2025 208
TABLE 147 INDUSTRIAL SERVICES MARKETS MARKET: EXPANSIONS,
JANUARY 2022–JULY 2025 214
TABLE 148 INDUSTRIAL SERVICES MARKETS MARKET: OTHER DEVELOPMENTS, JANUARY 2022– JULY 2025 215
TABLE 149 ABB: COMPANY OVERVIEW 216
TABLE 150 ABB: SERVICES OFFERED 218
TABLE 151 ABB: SOLUTION/SERVICE LAUNCHES 219
TABLE 152 ABB: DEALS 219
TABLE 153 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 222
TABLE 154 SCHNEIDER ELECTRIC: SERVICES OFFERED 223
TABLE 155 SCHNEIDER ELECTRIC: SOLUTION/SERVICE LAUNCHES 225
TABLE 156 SCHNEIDER ELECTRIC: DEALS 226
TABLE 157 SIEMENS: COMPANY OVERVIEW 228
TABLE 158 SIEMENS: SERVICES OFFERED 229
TABLE 159 SIEMENS: SOLUTION/SERVICE LAUNCHES 232
TABLE 160 SIEMENS: DEALS 232
TABLE 161 SIEMENS: EXPANSIONS 233
TABLE 162 SIEMENS: OTHER DEVELOPMENTS 233
TABLE 163 ROCKWELL AUTOMATION: COMPANY OVERVIEW 235
TABLE 164 ROCKWELL AUTOMATION: SERVICES OFFERED 236
TABLE 165 ROCKWELL AUTOMATION: SOLUTION/SERVICE LAUNCHES 238
TABLE 166 ROCKWELL AUTOMATION: DEALS 239
TABLE 167 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 241
TABLE 168 HONEYWELL INTERNATIONAL INC.: SERVICES OFFERED 242
TABLE 169 HONEYWELL INTERNATIONAL INC.: DEALS 244
TABLE 170 GE VERNOVA: COMPANY OVERVIEW 246
TABLE 171 GE VERNOVA: SERVICES OFFERED 247
TABLE 172 GE VERNOVA: DEALS 248
TABLE 173 GE VERNOVA: EXPANSIONS 249
TABLE 174 GE VERNOVA: OTHER DEVELOPMENTS 250
TABLE 175 EMERSON ELECTRIC CO.: COMPANY OVERVIEW 251
TABLE 176 EMERSON ELECTRIC CO.: SERVICES OFFERED 252
TABLE 177 EMERSON ELECTRIC CO.: DEALS 254
TABLE 178 YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW 255
TABLE 179 YOKOGAWA ELECTRIC CORPORATION: SERVICES OFFERED 256
TABLE 180 YOKOGAWA ELECTRIC CORPORATION: SOLUTION/SERVICE LAUNCHES 259
TABLE 181 YOKOGAWA ELECTRIC CORPORATION: DEALS 260
TABLE 182 EATON: COMPANY OVERVIEW 261
TABLE 183 EATON: SERVICES OFFERED 262
TABLE 184 EATON: DEALS 263
TABLE 185 EATON: OTHER DEVELOPMENTS 264
TABLE 186 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 265
TABLE 187 MITSUBISHI ELECTRIC CORPORATION: SERVICES OFFERED 267
TABLE 188 ATS CORPORATION: COMPANY OVERVIEW 268
TABLE 189 METSO: COMPANY OVERVIEW 269
TABLE 190 YASKAWA ELECTRIC CORPORATION: COMPANY OVERVIEW 270
TABLE 191 SKF: COMPANY OVERVIEW 271
TABLE 192 ATLAS COPCO AB: COMPANY OVERVIEW 272
TABLE 193 PARKER HANNIFIN CORP: COMPANY OVERVIEW 273
TABLE 194 DANAHER CORPORATION: COMPANY OVERVIEW 274
TABLE 195 CUMMINS INC.: COMPANY OVERVIEW 275
TABLE 196 WÄRTSILÄ: COMPANY OVERVIEW 276
TABLE 197 ALSTOM SA: COMPANY OVERVIEW 277
TABLE 198 INGERSOLL RAND: COMPANY OVERVIEW 278
TABLE 199 INTECH: COMPANY OVERVIEW 279
TABLE 200 PRIME CONTROLS, LP: COMPANY OVERVIEW 280
TABLE 201 WUNDERLICH-MALEC ENGINEERING, INC.: COMPANY OVERVIEW 281
TABLE 202 SAMSON AG: COMPANY OVERVIEW 282
LIST OF FIGURES
FIGURE 1 INDUSTRIAL SERVICES MARKET: RESEARCH DESIGN 29
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS 35
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY-SIDE)—IDENTIFICATION OF REVENUE GENERATED BY COMPANIES FROM SALES OF INDUSTRIAL SERVICES 35
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
FIGURE 6 DATA TRIANGULATION METHODOLOGY 38
FIGURE 7 OPERATIONAL IMPROVEMENT & MAINTENANCE SEGMENT TO LEAD INDUSTRIAL SERVICES MARKET THROUGHOUT FORECAST PERIOD 41
FIGURE 8 MES TO CAPTURE MAJORITY OF INDUSTRIAL SERVICES MARKET SHARE IN 2030 42
FIGURE 9 AUTOMOTIVE INDUSTRY TO HOLD PROMINENT MARKET SHARE IN 2030 43
FIGURE 10 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF INDUSTRIAL SERVICES MARKET IN 2024 44
FIGURE 11 RISING ADOPTION OF AI- AND IOT-ENABLED INDUSTRIAL SYSTEMS TO
OPEN NEW REVENUE STREAMS FOR MARKET PLAYERS 45
FIGURE 12 US AND MES TO CAPTURE LARGEST SHARE OF NORTH AMERICAN INDUSTRIAL SERVICES MARKET IN 2025 46
FIGURE 13 INDUSTRIAL ROBOT SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL SERVICES MARKET IN ASIA PACIFIC THROUGHOUT FORECAST PERIOD 46
FIGURE 14 INDUSTRIAL SERVICES MARKET IN INDIA TO GROW AT HIGHEST CAGR
FROM 2025 TO 2030 47
FIGURE 15 INDUSTRIAL SERVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 48
FIGURE 16 IMPACT ANALYSIS OF DRIVERS ON INDUSTRIAL SERVICES MARKET 51
FIGURE 17 IMPACT ANALYSIS OF RESTRAINTS ON INDUSTRIAL SERVICES MARKET 53
FIGURE 18 IMPACT ANALYSIS OF OPPORTUNITIES ON INDUSTRIAL SERVICES MARKET 54
FIGURE 19 IMPACT ANALYSIS OF CHALLENGES ON INDUSTRIAL SERVICES MARKET 55
FIGURE 20 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 56
FIGURE 21 VALUE CHAIN ANALYSIS: INDUSTRIAL SERVICES MARKET 57
FIGURE 22 ROLE OF KEY PLAYERS IN ECOSYSTEM 58
FIGURE 23 NUMBER OF PATENTS APPLIED AND GRANTED IN INDUSTRIAL SERVICES MARKET, 2014–2024 61
FIGURE 24 IMPORT SCENARIO FOR HS CODE 847950-COMPLIANT SERVICES IN
TOP 5 COUNTRIES, 2020–2024 65
FIGURE 25 EXPORT SCENARIO FOR HS CODE 847950-COMPLIANT SERVICES IN
TOP 5 COUNTRIES, 2020–2024 66
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS: INDUSTRIAL SERVICES MARKET 68
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR
TOP 3 END-USE INDUSTRIES 69
FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES 70
FIGURE 29 AI USE CASES 78
FIGURE 30 OPERATIONAL IMPROVEMENT & MAINTENANCE SERVICES TO DOMINATE INDUSTRIAL SERVICES MARKET THROUGHOUT FORECAST PERIOD 87
FIGURE 31 INDUSTRIAL 3D PRINTER SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 99
FIGURE 32 PHARMACEUTICALS TO BE FASTEST-GROWING END-USE INDUSTRY IN INDUSTRIAL SERVICES MARKET FROM 2025 TO 2030 132
FIGURE 33 INDUSTRIAL SERVICES MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2025 TO 2030 160
FIGURE 34 NORTH AMERICA: INDUSTRIAL SERVICES MARKET SNAPSHOT 162
FIGURE 35 EUROPE: INDUSTRIAL SERVICES MARKET SNAPSHOT 167
FIGURE 36 ASIA PACIFIC: INDUSTRIAL SERVICES MARKET SNAPSHOT 174
FIGURE 37 REVENUE ANALYSIS OF KEY PLAYERS IN INDUSTRIAL SERVICES
MARKET, 2020–2024 190
FIGURE 38 MARKET SHARE ANALYSIS OF MAJOR PLAYERS, 2024 191
FIGURE 39 COMPANY VALUATION, 2024 193
FIGURE 40 FINANCIAL METRICS (EV/EBITDA), 2024 193
FIGURE 41 INDUSTRIAL SERVICES MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2024 195
FIGURE 42 INDUSTRIAL SERVICES MARKET: COMPANY FOOTPRINT 196
FIGURE 43 INDUSTRIAL SERVICES MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 202
FIGURE 44 ABB: COMPANY SNAPSHOT 217
FIGURE 45 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 223
FIGURE 46 SIEMENS: COMPANY SNAPSHOT 229
FIGURE 47 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 236
FIGURE 48 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 242
FIGURE 49 GE VERNOVA: COMPANY SNAPSHOT 247
FIGURE 50 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 252
FIGURE 51 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 256
FIGURE 52 EATON: COMPANY SNAPSHOT 262
FIGURE 53 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 266
