PUBLISHER: TechNavio | PRODUCT CODE: 1743416
PUBLISHER: TechNavio | PRODUCT CODE: 1743416
The instrumentation services market is forecasted to grow by USD 1,964.4 mn during 2024-2029, accelerating at a CAGR of 5.7% during the forecast period. The report on the instrumentation services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of industrial internet of things applications, growing installed base of instrumentation and control systems, and increasing stringency of environmental regulations by governments.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 5.1% |
CAGR | 5.7% |
Incremental Value | $1,964.4 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's instrumentation services market is segmented as below:
By Service
By End-user
By Application
By Geographical Landscape
This study identifies the on-site deputation of service personnel as one of the prime reasons driving the instrumentation services market growth during the next few years. Also, rising number of channel partner relationship and benefits of measurement as a service offerings will lead to sizable demand in the market.
The report on the instrumentation services market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading instrumentation services market vendors that include ABB Ltd., Agilent Technologies Inc., Alco Valves Group, Branom Instrument Co., Charnwood Instrumentation Services Ltd., Emerson Electric Co., Endress Hauser Group Services AG, Honeywell International Inc., KROHNE Messtechnik GmbH, Larsen and Toubro Ltd., Marsh Instrumentation Ltd., Miraj Instrumentation Services I Pvt. Ltd., Parker Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Swagelok Co., Trescal International SAS, Utilities Instrumentation Service Inc., and Yokogawa Electric Corp.. Also, the instrumentation services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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