- In June 2024, Honeywell introduced its Battery Manufacturing Excellence Platform (Battery MXP), an AI-powered solution designed to optimize gigafactory operations from the outset. This platform aims to increase battery cell yields, accelerate facility startup times, and reduce material waste by up to 60% during the initial stages. By utilizing AI and machine learning, Battery MXP proactively identifies and resolves quality issues, enabling manufacturers to improve efficiency, shorten production ramp-up times, and meet the growing demand for lithium-based batteries. It also ensures real-time traceability of battery cells from raw materials to finished products, bolstering quality control and safety measures in gigafactories worldwide. This innovation supports Honeywell's commitment to advancing industrial automation and addressing global electrification needs
- In August 2023, Schneider Electric launched a Managed Security Services (MSS) offering aimed at helping customers in operational technology (OT) environments mitigate the increased cybersecurity risks arising from the growing demand for remote access and connectivity technologies
- In February 2023, ABB unveiled its ABB Ability Symphony Plus distributed control system (DCS), designed to drive digital transformation in the electricity generation and water industries. This system facilitates seamless access to a broader digital ecosystem and supports secure OPC UA connections to Edge and Cloud platforms while maintaining core control functionalities. The update includes HTML5 web-based mobile operations, providing real-time access to critical data and fostering collaboration to maximize plant uptime. These advancements are intended to enhance productivity, sustainability, and operational efficiency across industrial sectors
- In February 2023, Schneider Electric also launched its new Industrial Digital Transformation Services, a global offering designed to help industrial enterprises achieve sustainable, innovative, and effective end-to-end digital transformation, preparing them for the future of industrial operations
- In August 2022, Yokogawa Electric Corporation announced the release of its OpreX IT/OT Security Operations Center (IT/OT SOC) service. Developed primarily for industrial enterprises, this service enhances IT and OT network security by detecting, analyzing, and enabling quick responses to cybersecurity incidents, offering remote monitoring and support for global operations
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Engineering and Consulting, Installation and Commissioning, and Operational Improvement and Maintenance), Application (Distributed Control System, Programmable Logic Controller, Supervisory Control and Data Acquisition, Electric Motors and Drives, Valves and Actuators, Human Machine Interface, Manufacturing Execution System, Safety Systems, Industrial PC, Industrial 3D Printing, and Industrial Robotics), End-User (Oil and Gas, Healthcare and Pharmaceuticals Chemicals, Automotive, Water and Wastewater, Chemicals, Food and Beverages, Energy and Power, Semiconductor and Electronics, Paper and Pulp, Metals and Mining, Aerospace, and Others) – Industry Trends and Forecast to 2032
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The Global Industrial Services Market size was valued at USD 41.78 USD Billion in 2024.
The Global Industrial Services Market is projected to grow at a CAGR of 5.6% during the forecast period of 2025 to 2032.
The major players operating in the market include , ABB , Siemens AG , Schneider Electric SE , General Electric Company , Emerson Electric Co. , Honeywell International , Rockwell Automation , Johnson Controls International plc , SKF AB , Mitsubishi Electric Corporation , Eaton Corporation plc , Daikin Industries , Yokogawa Electric Corporation , SGS SA , Cognizant Technology Solutions Corp. .
The market report covers data from the 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.
