The Europe Industrial Services Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030).
AR and VR technologies are finding applications in training, maintenance, and troubleshooting within the market. Remote assistance using AR enables technicians to receive real-time guidance from experts, reducing downtime and improving efficiency. VR is employed for immersive training experiences, allowing workers to simulate complex procedures and enhance their skills.
Moreover, predictive maintenance has emerged as a cornerstone application in the market. Service providers can predict equipment failures by leveraging sensors and data analytics before they occur, enabling proactive maintenance. This approach minimizes downtime, extends equipment lifespan, and reduces maintenance costs. Condition monitoring involves real-time tracking of equipment performance parameters. IoT-enabled sensors gather data on factors like temperature, vibration, and pressure. Service providers use this data to monitor equipment health, detect anomalies, and schedule maintenance activities based on actual conditions rather than fixed intervals.
Europe has been a key proponent of Industry 4.0, which focuses on integrating smart technologies into manufacturing and industrial processes. According to Germany Trade and Invest, IT infrastructure advancements are anticipated to fuel additional market expansion. Strong growth is anticipated for 5G networks in 2021 (86.5 percent of Germany covered commercial launches of SA stand-alone networks). By 2024, eighty percent of all manufacturing companies intend to have implemented digital transformations throughout their value chains. Moreover, As per the Germany Trade and Invest, German OEMs were responsible for internal R&D investments of almost EUR 28.3 billion in 2021. Germany’s automotive sector is the country’s most innovative industry, accounting for 34.1 percent of total German industry R&D expenditure of around EUR 71 billion in 2020. Thus, the growing adoption of Industry 4.0 technologies and rising automotive R&D investments in Europe will fuel the growth of the regional market.
The Germany market dominated the Europe Industrial Services Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,199.7 million by 2030. The UK market is exhibiting a CAGR of 7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 8.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Industrial Services Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Industrial Services Market, 2019 - 2022, USD Million
TABLE 2 Europe Industrial Services Market, 2023 - 2030, USD Million
TABLE 3 Europe Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 4 Europe Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 5 Europe Automotive Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Automotive Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Aerospace Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Metal & Mining Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Metal & Mining Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Energy & Power Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Energy & Power Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Food & Beverages Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Chemical Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Chemical Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Healthcare & Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Healthcare & Pharmaceuticals Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Semiconductor Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Semiconductor Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Pulp & Paper Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Pulp & Paper Market by Country, 2023 - 2030, USD Million
TABLE 25 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 28 Europe Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 29 Europe Operational Improvement & Maintenance Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Operational Improvement & Maintenance Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Installation & Commissioning Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Installation & Commissioning Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Engineering & Consulting Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Engineering & Consulting Market by Country, 2023 - 2030, USD Million
TABLE 35 Europe Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 36 Europe Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 37 Europe Manufacturing Execution System (MES) Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Manufacturing Execution System (MES) Market by Country, 2023 - 2030, USD Million
TABLE 39 Europe Distribution Control System (DCS) Market by Country, 2019 - 2022, USD Million
TABLE 40 Europe Distribution Control System (DCS) Market by Country, 2023 - 2030, USD Million
TABLE 41 Europe Industrial Robotics & PC Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe Industrial Robotics & PC Market by Country, 2023 - 2030, USD Million
TABLE 43 Europe Motor & Drives Market by Country, 2019 - 2022, USD Million
TABLE 44 Europe Motor & Drives Market by Country, 2023 - 2030, USD Million
TABLE 45 Europe PLC & SCADA Market by Country, 2019 - 2022, USD Million
TABLE 46 Europe PLC & SCADA Market by Country, 2023 - 2030, USD Million
TABLE 47 Europe Industrial 3D Printing Market by Country, 2019 - 2022, USD Million
TABLE 48 Europe Industrial 3D Printing Market by Country, 2023 - 2030, USD Million
TABLE 49 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 50 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 51 Europe Industrial Services Market by Country, 2019 - 2022, USD Million
TABLE 52 Europe Industrial Services Market by Country, 2023 - 2030, USD Million
TABLE 53 Germany Industrial Services Market, 2019 - 2022, USD Million
TABLE 54 Germany Industrial Services Market, 2023 - 2030, USD Million
TABLE 55 Germany Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 56 Germany Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 57 Germany Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 58 Germany Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 59 Germany Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 60 Germany Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 61 UK Industrial Services Market, 2019 - 2022, USD Million
TABLE 62 UK Industrial Services Market, 2023 - 2030, USD Million
TABLE 63 UK Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 64 UK Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 65 UK Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 66 UK Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 67 UK Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 68 UK Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 69 France Industrial Services Market, 2019 - 2022, USD Million
TABLE 70 France Industrial Services Market, 2023 - 2030, USD Million
TABLE 71 France Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 72 France Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 73 France Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 74 France Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 75 France Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 76 France Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 77 Russia Industrial Services Market, 2019 - 2022, USD Million
TABLE 78 Russia Industrial Services Market, 2023 - 2030, USD Million
TABLE 79 Russia Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 80 Russia Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 81 Russia Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 82 Russia Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 83 Russia Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 84 Russia Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 85 Spain Industrial Services Market, 2019 - 2022, USD Million
TABLE 86 Spain Industrial Services Market, 2023 - 2030, USD Million
TABLE 87 Spain Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 88 Spain Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 89 Spain Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 90 Spain Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 91 Spain Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 92 Spain Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 93 Italy Industrial Services Market, 2019 - 2022, USD Million
TABLE 94 Italy Industrial Services Market, 2023 - 2030, USD Million
TABLE 95 Italy Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 96 Italy Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 97 Italy Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 98 Italy Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 99 Italy Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 100 Italy Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 101 Rest of Europe Industrial Services Market, 2019 - 2022, USD Million
TABLE 102 Rest of Europe Industrial Services Market, 2023 - 2030, USD Million
TABLE 103 Rest of Europe Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 104 Rest of Europe Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 105 Rest of Europe Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 106 Rest of Europe Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 107 Rest of Europe Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 108 Rest of Europe 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 Europe 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 Europe Industrial Services Market Share by End User, 2022
FIG 7 Europe Industrial Services Market Share by End User, 2030
FIG 8 Europe Industrial Services Market by End User, 2019 - 2030, USD Million
FIG 9 Europe Industrial Services Market Share by Type, 2022
FIG 10 Europe Industrial Services Market Share by Type, 2030
FIG 11 Europe Industrial Services Market by Type, 2019 - 2030, USD Million
FIG 12 Europe Industrial Services Market Share by Application, 2022
FIG 13 Europe Industrial Services Market Share by Application, 2030
FIG 14 Europe Industrial Services Market by Application, 2019 - 2030, USD Million
FIG 15 Europe Industrial Services Market Share by Country, 2022
FIG 16 Europe Industrial Services Market Share by Country, 2030
FIG 17 Europe 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,