Industrial Services Market Analysis

The global industrial services market is segmented on the basis of service type into engineering & consulting, installation & commissioning, and operational improvement & maintenance. Among these segments, the operational improvement & maintenance segment is anticipated to register the largest market share by the end of 2036 and by registering a value of USD 18016.5 Million in the same year. Operational improvement & maintenance services deal with the minor maintenance and care of business assets, including budgeting, business maintenance, training, and other business improvement factors that work together to run an organization smoothly. This type of service does not require skilled professionals with in-depth technical knowledge. Moreover, the installation & commissioning segment is anticipated to grow with the highest CAGR of 5.38% during the forecast period. The market is further segmented on the basis of application into distributed control system (DCS), programmable logic controller (PLC), supervisory control and data acquisition (SCADA), electric motors & drives, valves & actuators, human machine interface (HMI), monitoring systems, signaling systems, imaging systems, manufacturing executing system (MES), and safety systems. The market is further segmented by end-user into oil & gas industry, chemical industry, energy & power, mining, marine & shipbuilding, pharmaceutical industry, machine building, food & beverage industry, and others, out of which, the pharmaceutical industry segment is anticipated to register the largest market share of 18.85% by the end of 2036.

Our in-depth analysis of the global market includes the following segments