An industrial maintenance service is a third-party service that is aimed at repairing and maintaining various types of equipment and machines in proper working conditions in an industrial setting. These facilities have grown enormously in size and now house a diverse range of machinery. Furthermore, due to increased demand from end users, industries are continually striving to the limits of their capacities. The future seems bright for the glob market in both developing and developed economies in the projected forecast period.
Access full Report @ https://www.databridgemarketresearch.com/de/reports/global-industrial-maintenance-services-in-operational-improvement-and-operational-maintenance-market
Data Bridge Market Research analyses that the Industrial Maintenance Services in Operational Improvement and Operational Maintenance Market valued at USD 51.77 billion in 2022, will reach USD 80.36 billion by 2030, growing at a CAGR of 5.65% during the forecast period of 2023 to 2030. Some of the primary drivers of market expansion are the increasing usage of smart technologies in manufacturing industries, as well as outsourcing tactics to increase operational efficiency and minimize costs. Furthermore, the emphasis on maintaining the health and safety of those participating in these activities has contributed to the market's rise.
Growing technological advancements is expected to drive the market's growth rate
Technological improvements open up new chances for industrial maintenance services in operational improvement and maintenance. To improve their performance, these services make use of new tools and techniques such as data analytics, the Internet of Things (IoT), and predictive maintenance software. Maintenance services can spot patterns, predict breakdowns, and plan maintenance tasks proactively by collecting and analyzing data from equipment sensors. This allows organizations to make more informed decisions, better allocate resources, and decrease unplanned downtime. Adoption of these technologies improves efficiency, lowers costs, and improves overall asset performance, allowing organizations to achieve improved production and dependability while extending the life of their industrial assets.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015- 2020)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Services Type (Industrial Operational Maintenance, Industrial Operational Improvement), Application (Supervisory Control and Data Acquisition (SCADA), Electric Motors and Drives, Valves and Actuators, Distributed Control System (DCS), Human-Machine Interface (HMI), Manufacturing Execution System (MES), Safety System, Others), Industry (Automotive, Metals and Mining, Food and Beverages, Aerospace and Defense, Oil and Gas, Water and Wastewater, Energy and Power, Chemical, Pharmaceuticals, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Honeywell International Inc. (U.S.), General Electric (U.S.), Emerson Electric Co. (U.S.), Rockwell Automation (U.S.), Johnson Controls. (Ireland), SKF (Sweden), Mitsubishi Electric Corporation (Japan), Yokogawa Electric Corporation (Japan), Danaher (U.S.), AECOM (U.S.), KBR, Inc. (U.S.), Veolia Environnement SA (France), Tetra Tech, Inc. (U.S.), John Wood Group PLC (U.K.), SNC-Lavalin Group. (Canada), Fluor Corporation (U.S.), Jacobs (U.S.), Worley (Australia), Bechtel Corporation (U.S.), Black & Veatch Holding Company (U.S.), CBRE (U.S.)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
|
Segment Analysis:
Global industrial maintenance services in operational improvement & operational maintenance market is segmented into three notable segments which are based on the basis of services type, application and industry.
- On the basis of services type, global industrial maintenance services in operational improvement & operational maintenance market has been segmented into industrial operational maintenance and industrial operational improvement. Industrial operational maintenance segment is expected to dominate the market with 76.90% market share high demand for the predictive maintenance services to lower the production downtime.
- On the basis of application, global industrial maintenance services in operational improvement & operational maintenance market has been segmented into supervisory control and data acquisition (SCADA), electric motors & drives, valves & actuators, distributed control system (DCS), human-machine interface (HMI), manufacturing execution system (MES), safety system and others. Electric motors and drives segment is expected to dominate the market with 28.70% market share as to maintain the adequate level of power for machinery and to make them operational electric motors plays major role in manufacturing facilities.
The electric motors and drives segment will dominate the application segment of the industrial maintenance services in operational improvement & operational maintenance market
The electric motors and drives segment will emerge as the dominating segment application segment. This is because of the growing number of electric motors in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of industry, global industrial maintenance services in operational improvement & operational maintenance market has been segmented into automotive, metals & mining, food & beverages, aerospace & defense, oil & gas, water and wastewater, energy & power, chemical, pharmaceuticals and others. The metals and mining segment is expected to dominate the market with 25.20% by adopting the outsourced maintenance services for the mining sites. To meet the stringent regulatory compliance and to improve the safety of employees mining plant operators are adopting the preventive maintenance services.
The industry segment will dominate the industry segment of the industrial maintenance services in operational improvement & operational maintenance market
The industry segment will emerge as the dominating segment under industry with approximately 25.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Honeywell International Inc. (U.S.), General Electric (U.S.), Emerson Electric Co. (U.S.), Rockwell Automation (U.S.), Johnson Controls. (Ireland), SKF (Sweden), Mitsubishi Electric Corporation (Japan), Yokogawa Electric Corporation (Japan), Danaher (U.S.), AECOM (U.S.), KBR, Inc. (U.S.), Veolia Environnement SA (France), Tetra Tech, Inc. (U.S.), John Wood Group PLC (U.K.), SNC-Lavalin Group. (Canada), Fluor Corporation (U.S.), Jacobs (U.S.), Worley (Australia), Bechtel Corporation (U.S.), Black & Veatch Holding Company (U.S.), CBRE (U.S.).
Market Development
- In 2023, Applied Industrial Technologies released the fifth edition of their Applied Maintenance Supply & Solutions Master Product Catalogue in January, which includes over 47,000 maintenance goods specifically selected for maintenance, repair, operations, and production (MROP) users. Transportation, fasteners, shop supplies, electrical, welding, janitorial, fittings & hoses, paints & chemicals, cutting tools & abrasives, safety, and other products are included in the catalogue.
- In 2023, Sonepar France announced the acquisition of a controlling stake in Alliantz, a privately held distributor of photovoltaics and energy efficiency solutions, in March. With this acquisition, the company will be able to quickly leverage its distribution network and expand its technical capabilities in order to better serve electrical and specialised solar installations.
- In 2023, Buckeye Industrial Supply Co. and True-Edge Grinding Inc., two firms that specialise in bespoke tool production and the distribution of metalworking and maintenance, repair, and operations (MRO) products and services, were bought by MSC Industrial Supply Co. in January. This acquisition will assist MSC Industrial Supply Co. in solidifying its position as a leading multichannel supplier of MRO products and services.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the industrial maintenance services in operational improvement & operational maintenance market during the forecast period 2023 to 2030
Asia-Pacific had the largest market share and the highest revenue share. As a rising manufacturing hub and production sites to support industrialization, China accounted for the greatest market share for industrial maintenance services in the operational improvement and operational maintenance solution sector.
North America is estimated to be the fastest growing region in the industrial maintenance services in operational improvement & operational maintenance market in the forecast period 2023 to 2030
During the forecast period, North America is expected to develop at the fastest CAGR. This is due to increased investment in the region's oil and gas industry.
For more detailed information about the industrial maintenance services in operational improvement & operational maintenance market report, click here – https://www.databridgemarketresearch.com/de/reports/global-industrial-maintenance-services-in-operational-improvement-and-operational-maintenance-market
