DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global MRO Market for Automation Solutions 2016-2020" report to their offering.
The global MRO market for automation solutions is projected to grow at a CAGR of 12.84% during the period 2016-2020.
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.
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.
Further, the report states that limited presence of single service provider with multi-vendor product knowledge hinders the market growth.
- Honeywell International Inc.
- Rockwell Automation Inc.
- Siemens AG
W.W. Grainger Inc.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Automation industry's value chain
PART 06: Market landscape
PART 07: Market segmentation by end-users
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/r726m2/global_mro_market