US, Canada and Europe (U.K., France, Germany, Italy) Ready Market Meals Research Report Forecast to 2032

Industrial services are considered as the more extensive help portfolio that the assistance arrangement suppliers are perceiving. The key elements driving the development of the modern industrial services market are sending methodologies that incorporate extensions, organizations, item improvements, and administration agreements. Industrial services providers offer a comprehensive array of world-class services to ensure that company equipment and processes work optimally. These services, which range from replacement parts and repairs to sophisticated services, training, and partnership offers, assist to increase productivity, reduce costs, and extend the usable life of goods and systems.

The US & Europe industrial services market is witnessing growth due to the growing complexity with industrial operation, emphasis on cost reduction & operational efficiency and increased demand for maintenance and repair services collectively driving the market growth. However, limited availability of skied labor, lack of end-to-end quality & process control, and high cost associated with specialized services is expected to hamper market growth. Though with the integration of advancing technology the market is expected to witness immense growth opportunities and create positive growth sphere for the market players.

Market Segmentation

Based on service type, the US & Europe industrial services market is bifurcated into engineering and consulting, installation and commissioning, calibration services, GXP-services, operational improvement and maintenance and others.

Based on application area, the US & Europe industrial services market is bifurcated into 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 robotics and others.

Based on industry vertical, the US & Europe industrial services market is bifurcated into oil and gas, healthcare and pharmaceuticals, automotive, water and wastewater, chemicals, food and beverages, energy and power, semiconductor and electronics, paper and pulp, metals and mining, aerospace and others.

The growth of industrial service in US and Europe is due to rise in manufacturing activities in these regions. The growth of industrial service has significant in these regions due to increased globalization, technological advancement and shift towards service-oriented economies. Industries like manufacturing and logistics and have seen expansion in service offering, including maintenance, consulting, and support. This trend reflects a broader move from traditional manufacturing to integrated solutions and value-added services, enhancing overall economic productivity. The globalization of the market has prompted companies to seek efficient and cost-effective industrial service in these regions driving the expansion of service providers. Rapid technological advancement in technology, such as IoT, AI and automation, have led to increased demand for specialized industrial service to implement and maintain these technologies.

Major Players

The key vendors in the market are ABB Ltd., Rockwell Automation Inc., Siemens AG, Honeywell International Inc., Schneider Electric SE, Emerson Electric Company, General Electric (GE) Company, Altrad, Horvath, Micro Precision, Leadec Holding BV & Co. KG and Process Sensing Technologies (PST).

1EXECUTIVE SUMMARY

2MARKET INTRODUCTION

2.1DEFINITION
2.2SCOPE OF THE STUDY
2.3RESEARCH OBJECTIVE
2.4MARKET STRUCTURE

3RESEARCH METHODOLOGY

4MARKET DYNAMICS

4.1DRIVERS
- 4.1.1EMPHASIS ON COST REDUCTION AND OPERATIONAL EFFICIENCY
- 4.1.2GROWING COMPLEXITY IN INDUSTRIAL OPERATIONS
- 4.1.3INCREASING DEMAND FOR MAINTENANCE AND REPAIR SERVICES
4.2RESTRAINTS
- 4.2.1LIMITED AVAILABILITY OF SKILLED LABOR
- 4.2.2LACK OF END-TO-END QUALITY AND PROCESS CONTROL
- 4.2.3HIGH COST ASSOCIATED WITH SPECIALIZED SERVICES
4.3OPPORTUNITY
- 4.3.1THE ADVENT OF MAINTENANCE AS A SERVICE
- 4.3.2INCREASE IN MANUFACTURING AND PRODUCTION ACTIVITIES
4.4TRENDS
- 4.4.1USE OF AI APPLICATION FOR MONITORING
- 4.4.2RISE IN ADOPTION OF OUTSOURCING SERVICES
4.5COVID IMPACT ANALYSIS35
- 4.5.1IMPACT ON MANUFACTURING INDUSTRY
- 4.5.2IMPACT ON SERVICES INDUSTRY
- 4.5.3IMPACT ON DEMAND BY END USER

5MARKET FACTOR ANALYSIS

5.1VALUE CHAIN ANALYSIS
- 5.1.1SERVICE PROVIDER
- 5.1.2END USER
5.2PORTER'S FIVE FORCES MODEL
- 5.2.1BARGAINING POWER OF SUPPLIERS
- 5.2.2BARGAINING POWER OF BUYERS
- 5.2.3THREAT OF NEW ENTRANTS
- 5.2.4THREAT OF SUBSTITUTES
- 5.2.5INTENSITY OF RIVALRY

6US & EUROPE INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE

6.1OVERVIEW
6.2ENGINEERING AND CONSULTING
6.3INSTALLATION AND COMMISSIONING
6.4CALIBRATION SERVICES
6.5GXP-SERVICES
6.6OPERATIONAL IMPROVEMENT AND MAINTENANCE
6.7OTHERS

7US & EUROPE INDUSTRIAL SERVICES MARKET, BY APPLICATION AREA

7.1OVERVIEW
7.2DISTRIBUTED CONTROL SYSTEM
7.3PROGRAMMABLE LOGIC CONTROLLER
7.4SUPERVISORY CONTROL AND DATA ACQUISITION
7.5ELECTRIC MOTORS AND DRIVES
7.6VALVES AND ACTUATORS
7.7HUMAN MACHINE INTERFACE
7.8MANUFACTURING EXECUTION SYSTEM
7.9SAFETY SYSTEMS
7.10INDUSTRIAL PC
7.11INDUSTRIAL ROBOTICS
7.12OTHERS

8US & EUROPE INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL

8.1OVERVIEW
8.2OIL AND GAS
8.3HEALTHCARE AND PHARMACEUTICALS
8.4AUTOMOTIVE
8.5WATER AND WASTEWATER
8.6CHEMICALS
8.7FOOD AND BEVERAGES
8.8ENERGY AND POWER
8.9SEMICONDUCTOR AND ELECTRONICS
8.10PAPER AND PULP
8.11METALS AND MINING
8.12AEROSPACE
8.13OTHERS

9US & EUROPE INDUSTRIAL SERVICES MARKET, BY REGION

9.1OVERVIEW
- 9.1.1US & EUROPE INDUSTRIAL SERVICES MARKET, BY REGION,-2032 (USD MILLION)54
9.2US
9.3EUROPE
- 9.3.1EUROPE: INDUSTRIAL SERVICES MARKET, BY COUNTRY,-2032 (USD MILLION)61
- 9.3.2GERMANY
- 9.3.3UK
- 9.3.4FRANCE
- 9.3.5ITALY
- 9.3.6SPAIN
- 9.3.7DENMARK
- 9.3.8NORWAY
- 9.3.9POLAND
- 9.3.10SWEDEN
- 9.3.11AUSTRIA
- 9.3.12SWITZERLAND
- 9.3.13REST OF EUROPE

10COMPETITVE LANDSCAPE

10.1COMPETITIVE BENCHMARKING
10.2VENDOR SHARE ANALYSIS
10.3RECENT DEVELOPMENTS
- 10.3.1PRODUCT DEVELOPMENT

11COMPANY PROFILE

11.1ABB GROUP
- 11.1.1COMPANY OVERVIEW
- 11.1.2FINANCIAL OVERVIEW
- 11.1.3PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.1.4KEY DEVELOPMENTS
- 11.1.5SWOT ANALYSIS
- 11.1.6KEY STRATEGIES
11.2ROCKWELL AUTOMATION INC
- 11.2.1COMPANY OVERVIEW
- 11.2.2FINANCIAL OVERVIEW
- 11.2.3PRODUCTS/SERVICES OFFERED

KEY DEVELOPMENTS93

11.2.4SWOT ANALYSIS
11.2.5KEY STRATEGIES

11.3SIEMENS
- 11.3.1COMPANY OVERVIEW
- 11.3.2FINANCIAL OVERVIEW
- 11.3.3PRODUCTS OFFERED
- 11.3.4KEY DEVELOPMENTS
- 11.3.5SWOT ANALYSIS
- 11.3.6KEY STRATEGIES
11.4HONEYWELL INTERNATIONAL INC
- 11.4.1COMPANY OVERVIEW
- 11.4.2FINANCIAL OVERVIEW
- 11.4.3PRODUCTS OFFERED
- 11.4.4KEY DEVELOPMENTS
- 11.4.5SWOT ANALYSIS
- 11.4.6KEY STRATEGIES
11.5SCHNEIDER ELECTRIC SE
- 11.5.1COMPANY OVERVIEW
- 11.5.2FINANCIAL OVERVIEW
- 11.5.3PRODUCTS/SERVICES/SOLUTIONS OFFERED
- 11.5.4KEY DEVELOPMENTS
- 11.5.5SWOT ANALYSIS
- 11.5.6KEY STRATEGIES
11.6EMERSON ELECTRIC CO.
- 11.6.1COMPANY OVERVIEW
- 11.6.2FINANCIAL OVERVIEW
- 11.6.3PRODUCTS/SERVICES OFFERED
- 11.6.4KEY DEVELOPMENTS
- 11.6.5SWOT ANALYSIS
- 11.6.6KEY STRATEGIES
11.7GENERAL ELECTRIC (GE).
- 11.7.1COMPANY OVERVIEW
- 11.7.2FINANCIAL OVERVIEW
- 11.7.3PRODUCTS/SERVICES OFFERED
- 11.7.4KEY DEVELOPMENTS
- 11.7.5SWOT ANALYSIS
- 11.7.6KEY STRATEGIES
11.8ALTRAD GROUP
- 11.8.1COMPANY OVERVIEW
- 11.8.2FINANCIAL OVERVIEW
- 11.8.3SERVICES OFFERED
- 11.8.4KEY DEVELOPMENTS
- 11.8.5SWOT ANALYSIS
- 11.8.6KEY STRATEGIES
11.9HORVATH.
- 11.9.1COMPANY OVERVIEW
- 11.9.2FINANCIAL OVERVIEW
- 11.9.3PRODUCTS/SERVICES OFFERED
- 11.9.4KEY DEVELOPMENTS
11.10MICRO PRECISION.
- 11.10.1COMPANY OVERVIEW
- 11.10.2FINANCIAL OVERVIEW
- 11.10.3PRODUCTS/SERVICES OFFERED
- 11.10.4KEY DEVELOPMENTS
11.11LEADEC HOLDING BV & CO. KG.
- 11.11.1COMPANY OVERVIEW
- 11.11.2FINANCIAL OVERVIEW
- 11.11.3PRODUCTS/SERVICES OFFERED
- 11.11.4KEY DEVELOPMENTS
- 11.11.5SWOT ANALYSIS
- 11.11.6KEY STRATEGIES
11.12PROCESS SENSING TECHNOLOGIES (PST).
- 11.12.1COMPANY OVERVIEW
- 11.12.2FINANCIAL OVERVIEW
- 11.12.3PRODUCTS/SERVICES OFFERED
- 11.12.4KEY DEVELOPMENTS

LIST OF TABLES

TABLE 1 MARKET SYNOPSIS
TABLE 2 US & EUROPE INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 3 US & EUROPE INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 4 US & EUROPE INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 5 US & EUROPE INDUSTRIAL SERVICES MARKET, BY REGION, 2019-2032 (USD MILLION)
TABLE 6 US INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 7 US INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 8 US INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 9 EUROPE INDUSTRIAL SERVICES MARKET, BY COUNTRY, 2019-2032 (USD MILLION)
TABLE 10 EUROPE INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 11 EUROPE INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 12 EUROPE INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 13 GERMANY INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 14 GERMANY INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 15 GERMANY INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 16 UK INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 17 UK INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 18 UK INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 19 FRANCE INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 20 FRANCE INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 21 FRANCE INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 22 ITALY INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 23 ITALY INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 24 ITALY INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 25 SPAIN INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 26 SPAIN INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 27 SPAIN INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 28 DENMARK INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 29 DENMARK INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 30 DENMARK INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 31 NORWAY INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 32 NORWAY INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 33 NORWAY INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 34 POLAND INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 35 POLAND INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 36 POLAND INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 37 SWEDEN INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 38 SWEDEN INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 39 SWEDEN INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 40 AUSTRIA INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 41 AUSTRIA INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 42 AUSTRIA INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 43 SWITZERLAND INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 44 SWITZERLAND INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 45 SWITZERLAND INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 46 REST OF EUROPE INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
TABLE 47 REST OF EUROPE INDUSTRIAL SERVICES MARKET, BY ML TECHNOLOGY, 2019-2032 (USD MILLION)
TABLE 48 REST OF EUROPE INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
TABLE 49 PRODUCT DEVELOPMENT
TABLE 50 PARTNERSHIP/ ACQUISITION
TABLE 51 ABB GROUP: PRODUCTS/SOLUTIONS OFFERED
TABLE 52 ABB GROUP: KEY DEVELOPMENTS
TABLE 53 ROCKWELL AUTOMATION INC: PRODUCTS/SERVICES OFFERED
TABLE 54 ROCKWELL AUTOMATION INC: KEY DEVELOPMENTS
TABLE 55 SIEMENS: PRODUCTS OFFERED
TABLE 56 SIEMENS: KEY DEVELOPMENTS
TABLE 57 HONEYWELL INTERNATIONAL INC: PRODUCTS OFFERED
TABLE 58 SCHNEIDER ELECTRIC SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 59 SCHNEIDER ELECTRIC SE: KEY DEVELOPMENTS
TABLE 60 EMERSON ELECTRIC CO.: PRODUCTS/SERVICES OFFERED
TABLE 61 GENERAL ELECTRIC (GE).: PRODUCTS/SERVICES OFFERED
TABLE 62 ALTRAD GROUP: SERVICES OFFERED
TABLE 63 ALTRAD GROUP: KEY DEVELOPMENTS
TABLE 64 HORVATH.: PRODUCTS/SERVICES OFFERED
TABLE 65 MICRO PRECISION.: PRODUCTS/SERVICES OFFERED
TABLE 66 LEADEC HOLDING BV & CO. KG.: PRODUCTS/SERVICES OFFERED
TABLE 67 ALTRAD GROUP: KEY DEVELOPMENTS
TABLE 68 PROCESS SENSING TECHNOLOGIES (PST).: PRODUCTS/SERVICES OFFERED

LIST OF FIGURES

FIGURE 1INDUSTRIAL REVOLUTIONS ACROSS THE YEARS
FIGURE 2US & EUROPE INDUSTRIAL SERVICES MARKET: MARKET STRUCTURE
FIGURE 3BOTTOM-UP AND TOP-DOWN APPROACHES
FIGURE 4MARKET DYNAMIC ANALYSIS OF THE US & EUROPE INDUSTRIAL SERVICES MARKET
FIGURE 5DRIVER IMPACT ANALYSIS
FIGURE 6RESTRAINT IMPACT ANALYSIS
FIGURE 7VALUE CHAIN ANALYSIS
FIGURE 8PORTER'S FIVE FORCES MODEL: INDUSTRIAL SERVICES MARKET
FIGURE 9US & EUROPE INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2022 (% SHARE)
FIGURE 10US & EUROPE INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2022 VS 2032 (USD MILLION)
FIGURE 11US & EUROPE INDUSTRIAL SERVICES MARKET, BY APPLICATION AREA, 2022 (% SHARE)
FIGURE 12US & EUROPE INDUSTRIAL SERVICES MARKET, BY APPLICATION AREA, 2022 VS 2032 (USD MILLION)
FIGURE 13US & EUROPE INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2022 (% SHARE)
FIGURE 14US & EUROPE INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2022 VS 2032 (USD MILLION)
FIGURE 15US & EUROPE INDUSTRIAL SERVICES MARKET, BY REGION, 2022 (% SHARE)
FIGURE 16US & EUROPE INDUSTRIAL SERVICES MARKET, BY REGION, 2019-2032 (USD MILLION)
FIGURE 17US INDUSTRIAL SERVICES MARKET, BY SERVICE TYPE, 2019-2032 (USD MILLION)
FIGURE 18US INDUSTRIAL SERVICES MARKET, BY APPLICATION AREA, 2019-2032 (USD MILLION)
FIGURE 19US INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
FIGURE 20EUROPE INDUSTRIAL SERVICES MARKET, BY COUNTRY, 2022 (% SHARE)
FIGURE 21EUROPE INDUSTRIAL SERVICES MARKET, BY COUNTRY, 2019-2032 (USD MILLION)
FIGURE 22EUROPE INDUSTRIAL SERVICES MARKET, BY SERVICEC TYPE, 2019-2032 (USD MILLION)
FIGURE 23EUROPE INDUSTRIAL SERVICES MARKET, BY APPLICATION AREA, 2019-2032 (USD MILLION)
FIGURE 24EUROPE INDUSTRIAL SERVICES MARKET, BY INDUSTRY VERTICAL, 2019-2032 (USD MILLION)
FIGURE 25INDUSTRIAL SERVICES MARKET: COMPETITIVE BENCHMARKING
FIGURE 26VENDOR SHARE ANALYSIS (2022, %)
FIGURE 27ABB GROUP: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 28ABB GROUP: SWOT ANALYSIS
FIGURE 29ROCKWELL AUTOMATION INC: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 30ROCKWELL AUTOMATION INC: SWOT ANALYSIS
FIGURE 31SIEMENS: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 32SIEMENS: SWOT ANALYSIS
FIGURE 33HONEYWELL INTERNATIONAL INC: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 34HONEYWELL INTERNATIONAL INC: SWOT ANALYSIS
FIGURE 35SCHNEIDER ELECTRIC SE: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 36SCHNEIDER ELECTRIC SE: SWOT ANALYSIS
FIGURE 37EMERSON ELECTRIC CO.: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 38EMERSON ELECTRIC CO.: SWOT ANALYSIS
FIGURE 39GENERAL ELECTRIC (GE).: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 40GENERAL ELECTRIC (GE).: SWOT ANALYSIS
FIGURE 41ALTRAD GROUP: FINANCIAL OVERVIEW SNAPSHOT
FIGURE 42ALTRAD GROUP: SWOT ANALYSIS
FIGURE 43LEADEC HOLDING BV & CO. KG.: SWOT ANALYSIS