Global MRO Market for Automation Solutions 2016-2020 - Growth in Outsourcing of Operations - Key Vendors are ABB, Honeywell International & Siemens AG - Research and Markets

DUBLIN--()--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.

Key vendors:

  • ABB
  • 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

Contacts

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Sector: Aviation

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Aviation