The Asia Pacific Industrial Services Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030).
Remote monitoring enables industrial service providers to assess equipment health and diagnose issues from a centralized location. Because of this, there is less of a need for visits to the location, and it is possible to have faster response times when dealing with any issues. Remote diagnostics enhance overall operational efficiency and contribute to cost savings. With a growing emphasis on sustainability, industrial service providers are offering energy management services. This involves optimizing energy consumption, implementing energy-efficient technologies, and providing solutions to reduce the environmental impact of industrial operations.
Comprehensive asset lifecycle management services encompass the entire lifespan of industrial assets, from planning and procurement to maintenance and disposal. This approach ensures that assets are utilized efficiently, downtime is minimized, and the total cost of ownership is optimized over the asset's lifecycle. AR and VR technologies are increasingly used for training purposes in the market. Simulation-based training allows workers to familiarize themselves with complex equipment and procedures in a risk-free virtual environment. This not only enhances skills but also contributes to improved safety outcomes.
The Chinese government has actively promoted, developed, and adopted robotics and automation technologies. Various initiatives and policies have been implemented to support research and development in the field. According to data from the State Council of China, the country's robotics sector is anticipated to reach $17.4 billion by 2022. Industrial robot production in China reached a record 366,000 units in 2022, an increase of 68 percent year-over-year. Moreover, Indian industries are increasingly adopting smart manufacturing practices, incorporating automation, robotics, and IoT technologies. As per the International Trade Administration, Smart Advanced Manufacturing and Rapid Transformation Hubs or SAMARTH Udyog Bharat 4.0 is one of the Government of India’s Ministry for Heavy Industries & Public Enterprises initiatives to enhance competitiveness in the capital goods industry. Therefore, growth in the robotic sector and increasing Industry 4.0 initiatives in the Asia Pacific will contribute to increased demand for these services in the region.
The China market dominated the Asia Pacific Industrial Services Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,891.1 million by 2030. The Japan market is registering a CAGR of 7.6% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 9% during (2023 - 2030).
Based on End User, the market is segmented into Automotive, Aerospace, Metal & Mining, Energy & Power, Food & Beverages, Chemical, Healthcare & Pharmaceuticals, Oil & Gas, Semiconductor, Pulp & Paper, and Others. Based on Type, the market is segmented into Operational Improvement & Maintenance, Installation & Commissioning, and Engineering & Consulting. Based on Application, the market is segmented into Manufacturing Execution System (MES), Distribution Control System (DCS), Industrial Robotics & PC, Motor & Drives, PLC & SCADA, Industrial 3D Printing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Industrial Services Market is Predict to reach $68.8 Billion by 2030, at a CAGR of 8.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Honeywell International, Inc., Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, General Electric Company, Emerson Electric Co., Yokogawa Electric Corporation, Mitsubishi Electric Corporation and Samson AG.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Automotive
- Aerospace
- Metal & Mining
- Energy & Power
- Food & Beverages
- Chemical
- Healthcare & Pharmaceuticals
- Oil & Gas
- Semiconductor
- Pulp & Paper
- Others
By Type
- Operational Improvement & Maintenance
- Installation & Commissioning
- Engineering & Consulting
By Application
- Manufacturing Execution System (MES)
- Distribution Control System (DCS)
- Industrial Robotics & PC
- Motor & Drives
- PLC & SCADA
- Industrial 3D Printing
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Honeywell International, Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- General Electric Company
- Emerson Electric Co.
- Yokogawa Electric Corporation
- Mitsubishi Electric Corporation
- Samson AG
TABLE 1 Asia Pacific Industrial Services Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Industrial Services Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Automotive Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Automotive Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Aerospace Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Metal & Mining Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Metal & Mining Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Energy & Power Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Energy & Power Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Food & Beverages Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Chemical Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Chemical Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Healthcare & Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Healthcare & Pharmaceuticals Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Semiconductor Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Semiconductor Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Pulp & Paper Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Pulp & Paper Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Operational Improvement & Maintenance Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Operational Improvement & Maintenance Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Installation & Commissioning Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Installation & Commissioning Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Engineering & Consulting Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Engineering & Consulting Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 37 Asia Pacific Manufacturing Execution System (MES) Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Manufacturing Execution System (MES) Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Distribution Control System (DCS) Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Distribution Control System (DCS) Market by Country, 2023 - 2030, USD Million
TABLE 41 Asia Pacific Industrial Robotics & PC Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Industrial Robotics & PC Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Motor & Drives Market by Country, 2019 - 2022, USD Million
TABLE 44 Asia Pacific Motor & Drives Market by Country, 2023 - 2030, USD Million
TABLE 45 Asia Pacific PLC & SCADA Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific PLC & SCADA Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Industrial 3D Printing Market by Country, 2019 - 2022, USD Million
TABLE 48 Asia Pacific Industrial 3D Printing Market by Country, 2023 - 2030, USD Million
TABLE 49 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 51 Asia Pacific Industrial Services Market by Country, 2019 - 2022, USD Million
TABLE 52 Asia Pacific Industrial Services Market by Country, 2023 - 2030, USD Million
TABLE 53 China Industrial Services Market, 2019 - 2022, USD Million
TABLE 54 China Industrial Services Market, 2023 - 2030, USD Million
TABLE 55 China Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 56 China Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 57 China Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 58 China Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 59 China Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 60 China Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 61 Japan Industrial Services Market, 2019 - 2022, USD Million
TABLE 62 Japan Industrial Services Market, 2023 - 2030, USD Million
TABLE 63 Japan Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 64 Japan Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 65 Japan Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 66 Japan Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 67 Japan Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 68 Japan Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 69 India Industrial Services Market, 2019 - 2022, USD Million
TABLE 70 India Industrial Services Market, 2023 - 2030, USD Million
TABLE 71 India Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 72 India Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 73 India Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 74 India Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 75 India Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 76 India Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 77 South Korea Industrial Services Market, 2019 - 2022, USD Million
TABLE 78 South Korea Industrial Services Market, 2023 - 2030, USD Million
TABLE 79 South Korea Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 80 South Korea Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 81 South Korea Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 82 South Korea Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 83 South Korea Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 84 South Korea Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 85 Singapore Industrial Services Market, 2019 - 2022, USD Million
TABLE 86 Singapore Industrial Services Market, 2023 - 2030, USD Million
TABLE 87 Singapore Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 88 Singapore Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 89 Singapore Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 90 Singapore Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 91 Singapore Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 92 Singapore Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 93 Malaysia Industrial Services Market, 2019 - 2022, USD Million
TABLE 94 Malaysia Industrial Services Market, 2023 - 2030, USD Million
TABLE 95 Malaysia Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 96 Malaysia Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 97 Malaysia Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 98 Malaysia Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 99 Malaysia Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 100 Malaysia Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 101 Rest of Asia Pacific Industrial Services Market, 2019 - 2022, USD Million
TABLE 102 Rest of Asia Pacific Industrial Services Market, 2023 - 2030, USD Million
TABLE 103 Rest of Asia Pacific Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 104 Rest of Asia Pacific Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 105 Rest of Asia Pacific Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 106 Rest of Asia Pacific Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 107 Rest of Asia Pacific Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 108 Rest of Asia Pacific Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 109 Key Information – ABB Group
TABLE 110 Key Information – Honeywell International, Inc.
TABLE 111 Key Information – Rockwell Automation, Inc.
TABLE 112 Key Information – Schneider Electric SE
TABLE 113 Key Information – Siemens AG
TABLE 114 Key Information – General Electric Company
TABLE 115 Key Information – Emerson Electric Co.
TABLE 116 Key Information – Yokogawa Electric Corporation
TABLE 117 Key Information – Mitsubishi Electric Corporation
TABLE 118 Key Information – Samson AG
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Industrial Services Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Industrial Services Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis – Industrial Services Market
FIG 6 Asia Pacific Industrial Services Market Share by End User, 2022
FIG 7 Asia Pacific Industrial Services Market Share by End User, 2030
FIG 8 Asia Pacific Industrial Services Market by End User, 2019 - 2030, USD Million
FIG 9 Asia Pacific Industrial Services Market Share by Type, 2022
FIG 10 Asia Pacific Industrial Services Market Share by Type, 2030
FIG 11 Asia Pacific Industrial Services Market by Type, 2019 - 2030, USD Million
FIG 12 Asia Pacific Industrial Services Market Share by Application, 2022
FIG 13 Asia Pacific Industrial Services Market Share by Application, 2030
FIG 14 Asia Pacific Industrial Services Market by Application, 2019 - 2030, USD Million
FIG 15 Asia Pacific Industrial Services Market Share by Country, 2022
FIG 16 Asia Pacific Industrial Services Market Share by Country, 2030
FIG 17 Asia Pacific Industrial Services Market by Country, 2019 - 2030, USD Million
FIG 18 SWOT Analysis: ABB Group
FIG 19 Recent strategies and developments: Honeywell International, Inc.
FIG 20 SWOT Analysis: Honeywell international, inc.
FIG 21 Recent strategies and developments: Rockwell Automation, Inc.
FIG 22 SWOT Analysis: Rockwell Automation, Inc.
FIG 23 SWOT Analysis: Schneider Electric SE
FIG 24 SWOT Analysis: Siemens AG
FIG 25 SWOT Analysis: General electric (GE) Co.
FIG 26 Recent strategies and developments: Emerson Electric Co.
FIG 27 Swot Analysis: EMERSON ELECTRIC CO.
FIG 28 Swot Analysis: Yokogawa Electric CorporatioN
FIG 29 SWOT Analysis: Mitsubishi Electric Corporation
FIG 30 Swot Analysis: Samson AG,