The Global MRO Market for Automation Solutions 2016-2020 is a new research report added to SandlerResearch.org. Developing countries, like India, Indonesia, Taiwan, and China, have well-developed local vendors providing MRO products and services at a low cost in these countries. The high demand for MRO products and services for industrial automation solutions in these countries provide an attractive market for the large independent service providers or third-party vendors. Thus, the service providers and third-party vendors formulate different strategies to enter and compete with the existing local vendors in the market.
Complete report on MRO market for automation solutions spread across 58 pages, analyzing 5 major companies and provides 33 data exhibits is now available at http://www.sandlerresearch.org/global-mro-market-for-automation-solutions-2016-2020.html .
The analysts forecast the global MRO market for automation solutions to grow at a CAGR of 12.84% during the period 2016-2020. According to the report, globally, both process and discrete industries prefer adopting third-party service providers to meet all service maintenance and operation-related requirements. The third-party service provider is approached mainly because of the cost attached to employing in-house workforce and the level of product knowledge and training required by the staff. Therefore, end-users prefer a single solution provider for maintaining and operating the complete automation solution implemented in the facilities.
The process industry dominates the global MRO market for automation solutions of which the power industry is the biggest segment. An emphasis on generating power by wind farms and solar power has required servicing, maintenance and monitoring of different types of equipment. The MRO services for automation solutions for the process industry is expected to grow at a CAGR of close to 14% during the forecast period.
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The APAC region is the largest segment of the MRO market and is expected to generate revenues of close to USD 49 billion by the end of 2020. Countries like Japan, China and India were the major contributors to the market during 2015 due to investment in automated production plants. The growing need for OEMs to improve productivity is propelling the growth of the MRO services market.
A number of factors influence the MRO market for automation solutions. Some of them have to do with services offered, product performance, knowledge of integrated systems and product quality. Intense competition is very likely among vendors based on these variables and on cost too.
Main players in the Global MRO Market for Automation Solutions: ABB, Honeywell International Inc., Rockwell Automation Inc., Siemens AG, and W.W. Grainger Inc. Other Prominent Vendors in the market are: Bilfinger, Brammer, Emerson Electric, General Electric, Omron, Rexel, Schneider Electric, Toshiba International, WESCO International, Wood, Yokogawa Electric, Yaskawa, and Mitsubishi Electric.
Further, the report states that limited presence of single service provider with multi-vendor product knowledge hinders the market growth.
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