The North America Industrial Services Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030).
The market plays a pivotal role in supporting the backbone of economies, providing a comprehensive array of specialized solutions and support to diverse industrial sectors. Characterized by its dynamic nature and intrinsic ties to manufacturing, construction, and infrastructure development, the market encompasses a broad spectrum of offerings crucial for the smooth functioning and optimization of industrial processes. From maintenance and repair services to advanced technological solutions, the sector continually evolves to meet the ever-growing demands of modern industries.
Additionally, the market is experiencing a paradigm shift with the widespread adoption of digitalization and Industry 4.0 principles. The focus of these topics is the incorporation of Internet of Things technology, data analytics, and smart technologies into industrial processes. AI and ML are crucial to the market because they enable sophisticated data analysis, pattern recognition, and predictive modeling. A tremendous amount of data may be analyzed by algorithms driven by artificial intelligence, which can then be used to forecast when equipment will fail, optimize maintenance schedules, and increase overall operating efficiency.
As per the data released in 2021 by the U.S National Science Foundation, the announcement was made by the Foundation regarding the creation of eleven additional NSF National Artificial Intelligence Research Institutes, which will expand upon the initial funding of seven institutes in 2020. With a combined investment of $220 million, these institutes were expected to have a presence in forty states and the District of Columbia. As per the data from the Government of Canada, with a total budget of $250 million over three years (until March 31, 2024), the Aerospace Regional Recovery Initiative (ARRI) was delivered by Canada’s regional development agencies (RDAs). It complemented support for the aerospace industry provided through Canada’s COVID-19 Economic Response Plan and by Industry, Science and Economic Development (ISED) through the Strategic Innovation Fund. Thus, the rising aerospace industry and increasing AI research investments in North America will boost the demand for these services in the region.
The US market dominated the North America Industrial Services Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14,237.8 million by 2030. The Canada market is experiencing a CAGR of 10.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Industrial Services Market is Predict to reach $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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Industrial Services Market, by End User
1.4.2 North America Industrial Services Market, by Type
1.4.3 North America Industrial Services Market, by Application
1.4.4 North America Industrial Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis – Global
4.1 Market Share Analysis, 2022
4.2 Strategies Deployed in Industrial Services Market
4.3 Porter’s Five Forces Analysis
Chapter 5. North America Industrial Services Market by End User
5.1 North America Automotive Market by Country
5.2 North America Aerospace Market by Country
5.3 North America Metal & Mining Market by Country
5.4 North America Energy & Power Market by Country
5.5 North America Food & Beverages Market by Country
5.6 North America Chemical Market by Country
5.7 North America Healthcare & Pharmaceuticals Market by Country
5.8 North America Oil & Gas Market by Country
5.9 North America Semiconductor Market by Country
5.1 North America Pulp & Paper Market by Country
5.11 North America Others Market by Country
Chapter 6. North America Industrial Services Market by Type
6.1 North America Operational Improvement & Maintenance Market by Country
6.2 North America Installation & Commissioning Market by Country
6.3 North America Engineering & Consulting Market by Country
Chapter 7. North America Industrial Services Market by Application
7.1 North America Manufacturing Execution System (MES) Market by Country
7.2 North America Distribution Control System (DCS) Market by Country
7.3 North America Industrial Robotics & PC Market by Country
7.4 North America Motor & Drives Market by Country
7.5 North America PLC & SCADA Market by Country
7.6 North America Industrial 3D Printing Market by Country
7.7 North America Others Market by Country
Chapter 8. North America Industrial Services Market by Country
8.1 US Industrial Services Market
8.1.1 US Industrial Services Market by End User
8.1.2 US Industrial Services Market by Type
8.1.3 US Industrial Services Market by Application
8.2 Canada Industrial Services Market
8.2.1 Canada Industrial Services Market by End User
8.2.2 Canada Industrial Services Market by Type
8.2.3 Canada Industrial Services Market by Application
8.3 Mexico Industrial Services Market
8.3.1 Mexico Industrial Services Market by End User
8.3.2 Mexico Industrial Services Market by Type
8.3.3 Mexico Industrial Services Market by Application
8.4 Rest of North America Industrial Services Market
8.4.1 Rest of North America Industrial Services Market by End User
8.4.2 Rest of North America Industrial Services Market by Type
8.4.3 Rest of North America Industrial Services Market by Application
Chapter 9. Company Profiles
9.1 ABB Group
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Geographical Expansions:
9.1.6 SWOT Analysis
9.2 Honeywell International, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Rockwell Automation, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Schneider Electric SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Siemens AG
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 General Electric Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Emerson Electric Co.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 Yokogawa Electric Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 SWOT Analysis
9.9 Mitsubishi Electric Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. Samson AG
9.10.1 Company Overview
9.10.2 SWOT Analysis
TABLE 1 North America Industrial Services Market, 2019 - 2022, USD Million
TABLE 2 North America Industrial Services Market, 2023 - 2030, USD Million
TABLE 3 North America Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 4 North America Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 5 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Aerospace Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Metal & Mining Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Metal & Mining Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Energy & Power Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Energy & Power Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Food & Beverages Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Chemical Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Chemical Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Healthcare & Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Healthcare & Pharmaceuticals Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Semiconductor Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Semiconductor Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Pulp & Paper Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Pulp & Paper Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 28 North America Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 29 North America Operational Improvement & Maintenance Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Operational Improvement & Maintenance Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Installation & Commissioning Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Installation & Commissioning Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Engineering & Consulting Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Engineering & Consulting Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 36 North America Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 37 North America Manufacturing Execution System (MES) Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Manufacturing Execution System (MES) Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Distribution Control System (DCS) Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Distribution Control System (DCS) Market by Country, 2023 - 2030, USD Million
TABLE 41 North America Industrial Robotics & PC Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Industrial Robotics & PC Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Motor & Drives Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Motor & Drives Market by Country, 2023 - 2030, USD Million
TABLE 45 North America PLC & SCADA Market by Country, 2019 - 2022, USD Million
TABLE 46 North America PLC & SCADA Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Industrial 3D Printing Market by Country, 2019 - 2022, USD Million
TABLE 48 North America Industrial 3D Printing Market by Country, 2023 - 2030, USD Million
TABLE 49 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 51 North America Industrial Services Market by Country, 2019 - 2022, USD Million
TABLE 52 North America Industrial Services Market by Country, 2023 - 2030, USD Million
TABLE 53 US Industrial Services Market, 2019 - 2022, USD Million
TABLE 54 US Industrial Services Market, 2023 - 2030, USD Million
TABLE 55 US Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 56 US Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 57 US Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 58 US Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 59 US Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 60 US Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 61 Canada Industrial Services Market, 2019 - 2022, USD Million
TABLE 62 Canada Industrial Services Market, 2023 - 2030, USD Million
TABLE 63 Canada Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 64 Canada Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 65 Canada Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 66 Canada Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 67 Canada Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 68 Canada Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 69 Mexico Industrial Services Market, 2019 - 2022, USD Million
TABLE 70 Mexico Industrial Services Market, 2023 - 2030, USD Million
TABLE 71 Mexico Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 72 Mexico Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 73 Mexico Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 74 Mexico Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 75 Mexico Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 76 Mexico Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 77 Rest of North America Industrial Services Market, 2019 - 2022, USD Million
TABLE 78 Rest of North America Industrial Services Market, 2023 - 2030, USD Million
TABLE 79 Rest of North America Industrial Services Market by End User, 2019 - 2022, USD Million
TABLE 80 Rest of North America Industrial Services Market by End User, 2023 - 2030, USD Million
TABLE 81 Rest of North America Industrial Services Market by Type, 2019 - 2022, USD Million
TABLE 82 Rest of North America Industrial Services Market by Type, 2023 - 2030, USD Million
TABLE 83 Rest of North America Industrial Services Market by Application, 2019 - 2022, USD Million
TABLE 84 Rest of North America Industrial Services Market by Application, 2023 - 2030, USD Million
TABLE 85 Key Information – ABB Group
TABLE 86 Key Information – Honeywell International, Inc.
TABLE 87 Key Information – Rockwell Automation, Inc.
TABLE 88 Key Information – Schneider Electric SE
TABLE 89 Key Information – Siemens AG
TABLE 90 Key Information – General Electric Company
TABLE 91 Key Information – Emerson Electric Co.
TABLE 92 Key Information – Yokogawa Electric Corporation
TABLE 93 Key Information – Mitsubishi Electric Corporation
TABLE 94 Key Information – Samson AG
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Industrial Services Market Share by End User, 2022
FIG 7 North America Industrial Services Market Share by End User, 2030
FIG 8 North America Industrial Services Market by End User, 2019 - 2030, USD Million
FIG 9 North America Industrial Services Market Share by Type, 2022
FIG 10 North America Industrial Services Market Share by Type, 2030
FIG 11 North America Industrial Services Market by Type, 2019 - 2030, USD Million
FIG 12 North America Industrial Services Market Share by Application, 2022
FIG 13 North America Industrial Services Market Share by Application, 2030
FIG 14 North America Industrial Services Market by Application, 2019 - 2030, USD Million
FIG 15 North America Industrial Services Market Share by Country, 2022
FIG 16 North America Industrial Services Market Share by Country, 2030
FIG 17 North America 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,