Global Industrial Services Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Engineering & Consulting, Installation & Commissioning, and Operational Improvement & Maintenance.

By Application;

Motors and Drives, Distributed Control System (DCS), Programmable Logic Controller (PLC), Supervisory Control and Data Acquisition (SCADA), Human Machine Interface (HMI), Safety Systems, Manufacturing Execution System (MES), Industrial Robotics, Industrial 3D Printing, and Industrial PC.

By Industry;

Oil & Gas , Energy & Power, Chemicals, Food & Beverages, Aerospace, Automotive, Healthcare & Pharmaceuticals, Metal & Mining, Water & Wastewater, Semiconductor, Paper & Pulp, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn525953363 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Industrial Services Market (USD Million), 2021 - 2031

In the year 2024, the Global Industrial Services Market was valued at USD 41,037.29 million. The size of this market is expected to increase to USD 60,765.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The global industrial services market is a vital sector that supports a wide array of industries through essential services aimed at maintaining, enhancing, and optimizing operational efficiency. These services encompass maintenance, repair, overhaul, and consulting solutions tailored to meet the specific needs of industries such as manufacturing, energy, transportation, and construction. With a focus on minimizing downtime and ensuring seamless operations, industrial services play a pivotal role in bolstering productivity and cost-effectiveness across various sectors.

This market is characterized by its diverse offerings, which include equipment servicing, asset management, and process optimization. Providers in the industrial services market cater to the growing demand for sustainable and technologically advanced solutions, leveraging automation, data analytics, and predictive maintenance tools. These innovations enable industries to streamline operations, reduce operational risks, and align with environmental and safety standards.

Geographically, the market has seen significant expansion in regions such as North America, Europe, and Asia-Pacific, driven by rapid industrialization, infrastructure development, and the adoption of Industry 4.0 practices. Emerging economies are particularly contributing to the growth of this sector, as they invest heavily in infrastructure and technology to remain competitive in the global market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Industry
    4. Market Snapshot, By Region
  4. Global Industrial Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand for predictive maintenance and asset management
        2. Adoption of Industry 4.0 technologies
        3. Growth in industrial automation and digitization
      2. Restraints
        1. High initial implementation costs
        2. Lack of skilled workforce
        3. Regulatory and compliance challenges
      3. Opportunities
        1. Expansion of service portfolios by key players
        2. Growing focus on sustainability and energy efficiency
        3. Rising demand for industrial IoT solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Industrial Services Market, By Type, 2021 - 2031 (USD Million)
      1. Engineering & Consulting
      2. Installation & Commissioning
      3. Operational Improvement & Maintenance
    2. Global Industrial Services Market, By Application, 2021 - 2031 (USD Million)
      1. Motors and Drives
      2. Distributed Control System (DCS)
      3. Programmable Logic Controller (PLC)
      4. Supervisory Control and Data Acquisition (SCADA)
      5. Human Machine Interface (HMI)
      6. Safety Systems
      7. Manufacturing Execution System (MES)
      8. Industrial Robotics
      9. Industrial 3D Printing
      10. Industrial PC
    3. Global Industrial Services Market, By Industry, 2021 - 2031 (USD Million)
      1. Oil & Gas
      2. Energy & Power
      3. Chemicals
      4. Food & Beverages
      5. Aerospace
      6. Automotive
      7. Healthcare & Pharmaceuticals
      8. Metal & Mining
      9. Water & Wastewater
      10. Semiconductor
      11. Paper & Pulp
      12. Others
    4. Global Industrial Services Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. General Electric Company
      2. ABB
      3. Emerson Electric Co
      4. Honeywell International Inc
      5. Metso
      6. Rockwell Automation
      7. Samson
      8. Schneider Electric
      9. Siemens
      10. SKF
  7. Analyst Views
  8. Future Outlook of the Market