This market research report presents the segmentation of the automation aftermarket services and outsourcing market in APAC by service type (outsourcing and aftermarket), and end users (automotive, oil and gas, power, chemical, food and beverages, and pharmaceuticals). The leading companies in the automation aftermarket services are ABB, Honeywell, Rockwell Automation and Siemens.
Technavio has released updated information on the automation services market, with the publication of its new market research report, automation aftermarket services and outsourcing market in APAC. The automation aftermarket services and outsourcing market in APAC is expected to grow at a CAGR of around 12% between 2015 and 2019, owing to the increasing need to meet regulatory compliances in various industries.
“The main automation contractor (MAC) concept has encouraged automation vendors to become one-stop solution providers for the end user needs. Using MAC involves less planning and implementation time and standardization across various projects. MAC identifies all automation activities that a company needs, develops a comprehensive execution plan, and evaluates the resources required,” says Navin Rajendra, Lead Analyst, Industrial Automation, Technavio Research.
The installation and commissioning of automation solutions requires continuous assistance from vendors or service providers. These installed automation solutions also require constant upgrading of spare parts, thereby creating additional revenue sources for market vendors.
The outsourcing segment accounts for the majority of the market share as SMEs have a limited budget and prefer outsourcing to service providers to curtail operational expenditure (OPEX). End-users prefer outsourcing before contracting an automation project because the outsourcing service providers have better knowledge and experience of the automation industry.
Automation outsourcing market in APAC
Source: Technavio Research
The key players in the automation aftermarket services and outsourcing market in APAC include ABB, Honeywell, Rockwell Automation and Siemens. The market is highly competitive with a large number of suppliers. The competition in this market is estimated to intensify further due to the increase in R&D and mergers during the forecast period.
A more detailed analysis is available in the Technavio report, Automation Aftermarket Services and Outsourcing Market in APAC 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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