Product Code: GVR-4-68040-368-8
Industrial Services Market Size & Trends
The global industrial services market size was estimated at USD 32.65 billion in 2023 and is projected to grow at a CAGR of 6.5% from 2024 to 2030. This growth can be attributed to the rapid progress in industrial automation, IoT, and AI significantly boosting demand for sophisticated industrial services. Companies are increasingly integrating these technologies to improve operational efficiency, reduce downtime, and enhance productivity. This technological integration not only optimizes processes but also enables the development of more advanced and reliable industrial services.
There is also a growing emphasis on predictive maintenance, which relies on data analytics and real-time monitoring to anticipate equipment failures and optimize maintenance schedules. The adoption of predictive maintenance solutions helps industries reduce operational costs and extend the lifespan of machinery, thus driving demand for these services. Increasing industrialization, especially in emerging economies, contributes to the expanding market. Regions such as Asia-Pacific are experiencing significant growth in manufacturing and production activities, leading to higher demand for industrial services. This industrial expansion in emerging markets is a key factor in overall market growth.
Stringent regulatory requirements also play a crucial role. Compliance with safety and environmental regulations necessitates regular maintenance and servicing of industrial equipment, ensuring a steady demand for industrial services to maintain compliance and avoid penalties. These regulatory pressures drive the need for ongoing maintenance and upgrades.
Industries are focusing on energy efficiency to reduce operational costs and meet sustainability goals. Industrial services that focus on energy audits, optimization, and efficient energy management are in high demand. This focus on energy efficiency aligns with broader environmental and economic objectives, further driving market growth.
Outsourcing trends are also influencing the global market, with companies increasingly outsourcing industrial services to specialized providers. This allows businesses to focus on their core competencies while leveraging the expertise of service providers for maintenance, repair, and operational support. The complexity of modern machinery, which requires specialized skills and knowledge, further drives demand for comprehensive industrial service solutions.
Global Industrial Services Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global industrial services market report based on type, application, end-use, and region.
- Type Outlook (Revenue, USD Million, 2017 - 2030)
- Engineering & Consulting
- Installation & Commissioning
- Operational Improvement & Maintenance
- Application Outlook (Revenue, USD Million, 2017 - 2030)
- Distributed Control System (DCS)
- Programmable Controller Logic (PLC)
- Supervisory Control and Data Acquisition (SCADA)
- Electric Motors & Drives
- Valves & Actuators
- Manufacturing Execution System
- Others
- End Use Outlook (Revenue, USD Million, 2017 - 2030)
- Oil and Gas
- Chemicals
- Automotive
- Pharmaceuticals
- Others
- Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
- Middle East and Africa (MEA)
KSA
UAE
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Landscape Outlook
Chapter 3. Industrial Services Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.4. Industrial Services Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.5. Use Case Analysis
Chapter 4. Industrial Services Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Industrial Services Market: Type Movement Analysis, USD Million, 2023 & 2030
- 4.3. Engineering & Consulting
- 4.3.1. Engineering & Consulting Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Installation & Commissioning
- 4.4.1. Installation & Commissioning Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Operational Improvement & Maintenance
- 4.5.1. Operational Improvement & Maintenance Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Industrial Services Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Industrial Services Market: Automation Movement Analysis, USD Million, 2023 & 2030
- 5.3. Distributed Control System (DCS)
- 5.3.1. Distributed Control System (DCS) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Programmable Controller Logic (PLC)
- 5.4.1. Programmable Controller Logic (PLC) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Supervisory Control and Data Acquisition (SCADA)
- 5.5.1. Supervisory Control and Data Acquisition (SCADA) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.6. Electric Motors & Drives
- 5.6.1. Electric Motors & Drives Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.7. Valves & Actuators
- 5.7.1. Valves & Actuators Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.8. Manufacturing Execution System
- 5.8.1. Manufacturing Execution System Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.9. Others
- 5.9.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Industrial Services Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Industrial Services Market: Application Movement Analysis, USD Million, 2023 & 2030
- 6.3. Oil and Gas
- 6.3.1. Oil & Gas Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Chemicals
- 6.4.1. Chemicals Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Automotive
- 6.5.1. Automotive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. Pharmaceuticals
- 6.6.1. Pharmaceuticals Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Industrial Services Market: Regional Estimates & Trend Analysis
- 7.1. Industrial Services Market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. North America Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.2.3. North America Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.2.4. North America Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. U.S. Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.5.2. U.S. Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.2.5.3. U.S. Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.2.5.4. U.S. Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.6.2. Canada Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.2.6.3. Canada Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.2.6.4. Canada Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.7.2. Mexico Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.2.7.3. Mexico Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.2.7.4. Mexico Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. Europe Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.3.3. Europe Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.4. Europe Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. UK Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.5.2. UK Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.3.5.3. UK Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.5.4. UK Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Germany Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.6.2. Germany Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.3.6.3. Germany Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.6.4. Germany Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. France Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.7.2. France Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.3.7.3. France Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.3.7.4. France Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. Asia Pacific Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.4.3. Asia Pacific Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.4. Asia Pacific Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. China Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5.2. China Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.4.5.3. China Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.5.4. China Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Japan Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6.2. Japan Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.4.6.3. Japan Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.6.4. Japan Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. India Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.7.2. India Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.4.7.3. India Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.7.4. India Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.8.2. South Korea Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.4.8.3. South Korea Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.8.4. South Korea Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Australia Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.9.2. Australia Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.4.9.3. Australia Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.4.9.4. Australia Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Latin America Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.5.3. Latin America Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.5.4. Latin America Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Brazil Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.5.2. Brazil Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.5.5.3. Brazil Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.5.5.4. Brazil Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa (MEA)
- 7.6.1. Middle East and Africa Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Middle East and Africa Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.6.3. Middle East and Africa Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.4. Middle East and Africa Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.6.5. KSA
- 7.6.5.1. KSA Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.5.2. KSA Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.6.5.3. KSA Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.5.4. KSA Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. UAE Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.6.2. UAE Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.6.6.3. UAE Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.6.4. UAE Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. South Africa Industrial Services Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.7.2. South Africa Industrial Services Market Estimates and Forecasts, By Type, 2017 - 2030 (USD Million)
- 7.6.7.3. South Africa Industrial Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
- 7.6.7.4. South Africa Industrial Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Companies
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Type Launches
- 8.5.5. Research And Development
- 8.6. Company Profiles
- 8.6.1. General Electric Company
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Type Benchmarking
- 8.6.1.4. Recent Developments
- 8.6.2. ABB
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Type Benchmarking
- 8.6.2.4. Recent Developments
- 8.6.3. Emerson Electric Co.
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Type Benchmarking
- 8.6.3.4. Recent Developments
- 8.6.4. Honeywell International Inc.
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Type Benchmarking
- 8.6.4.4. Recent Developments
- 8.6.5. Metso
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Type Benchmarking
- 8.6.5.4. Recent Developments
- 8.6.6. Rockwell Automation
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Type Benchmarking
- 8.6.6.4. Recent Developments
- 8.6.7. Samson
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Type Benchmarking
- 8.6.7.4. Recent Developments
- 8.6.8. Schneider Electric
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Type Benchmarking
- 8.6.8.4. Recent Developments
- 8.6.9. Siemens
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Type Benchmarking
- 8.6.9.4. Recent Developments
- 8.6.10. SKF
- 8.6.10.1. Company Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Type Benchmarking
- 8.6.10.4. Recent Developments
- 8.6.11. John Wood Group PLC
- 8.6.11.1. Company Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Type Benchmarking
- 8.6.11.4. Recent Developments