North American Industrial Automation Services Market: Industry Analysis and Forecast (2023-2029)
North American Industrial Automation Services Market size was valued at US$ 13.09 Bn. in 2022 and the market size is estimated to grow at a CAGR of 10.58 %
Format : PDF | Report ID : SMR_229
North American Industrial Automation Services Market Overview & Dynamics:
North America industrial automation services market will reach US$ 26.47 billion in 2029 thanks to a growing adoption of all types of IAS in North American market. The major factors responsible for the growth of industrial automation services market in North America are increasing need for the main automation contractors and the growing focus on predictive maintenance.
Many North American businesses are turning to automation services to lessen their reliance on manual labour and accelerate mass manufacturing. Furthermore, in the United States, the usage of industrial automation services improves the speed of production operations. As a result, it consumes less electricity and other resources, making the manufacturing process more cost-effective. The continual demand for efficient automated systems is another important growth-inducing element for the North American market. As a result, a number of North American corporations are investing to help with R&D for these services. Aside from that, the demand to automate repetitive work and optimise company processes has grown across the United States as a result of a considerable increase in industrialisation and urbanisation.
The report will provide an accurate prediction of the contribution of the various segments to the growth of the Industrial Automation Services market size. By End User, Discrete Industries is expected to account for the largest XX% market share by 2029. The growing adoption of automation across the packaging, automotive, and electronics & semiconductor industries is driving the North American demand for industrial automation services in the segment.
The U.S. accounted for the largest market share in 2022, with a market value of US$XX Bn; the market is expected to register a CAGR of 10.58 % during the 2023-2029. The U.S. is expected to account for major market share fuelled by industry 4.0, the U.S. continues to innovate and consolidate its position in the North American market in the industrial automation services. The acceptance of smart technologies in the studied market has also positively impacted the national economy.
In recent years, major players in the North America industrial automation services market have taken several strategic measures, such as facility expansions and partnerships. For example, in June 2021, Rockwell Automation Inc. announced the acquisition of Plex Systems for USD xx Bn. Through this acquisition the company aims to expand industrial cloud offerings with Plex Systems’.
The report includes a PORTER, PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favourable or negative impact on the firm have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the North America Industrial Automation Services Market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the North America Industrial Automation Services Market by product, price, financial situation, product portfolio, growth plans, and geographical presence.
Major breakthroughs in the North America Industrial Automation Services industry are discussed, as well as organic and inorganic growth plans. Various companies are focusing on organic growth strategies such as new product releases, product approvals, and other items such as patents and events. Inorganic growth strategies used in the industry included acquisitions, partnerships, and collaborations.
North American Industrial Automation Services Market Scope:
North American Industrial Automation Services Market Scope
Market Size in 2022
USD 13.09 Bn
Market Size in 2029
USD 26.47 Bn
by Product Type
by Type of Service
North America- United States, Canada, and Mexico
Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe
Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa
South America – Brazil, Argentina, Rest of South America
North American Industrial Automation Services Market Key Players:
- General Electric Company
- Honeywell International Inc.
- Rockwell Automation Inc.
- Ametek Inc.
- Danaher Corporation
Frequently Asked Questions
Total CAGR expected to be recorded for North American Industrial Automation Services Market during forecast period is 10.58.
The US will lead the Industrial Automation Market in North America in the future.
Major competitors of the market are GE, Honeywell International Inc., and ABB.
The market size of the North America Industrial Automation Market in 2022 is US$13.09 Bn.
The market size of the North America Industrial Automation Market by 2029 is US$ 26.47Bn.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.2.North America Industrial Automation Services Market: Target Audience
2.3.North America Industrial Automation Services Market: Primary Research (As per Client Requirement)
2.4.North America Industrial Automation Services Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1.North America Market Share Analysis, By Value, 2022-2029 (In %)
4.2.2. Market Restraints
4.2.5. PESTLE Analysis
4.2.6.PORTERS Five Force Analysis
4.2.7.Value Chain Analysis
4.3. North America Industrial Automation Services Market Segmentation Analysis, 2022-2029 (Value US$ Bn)
126.96.36.199.North America Market Share Analysis, By Type of Service, 2022-2029 (Value US$ Bn)
188.8.131.52.1.Project Engineering and Installation
184.108.40.206.2.Maintenance and Support Services
220.127.116.11. North America Market Share Analysis, By Product Type, 2022-2029 (Value US$ Bn)
18.104.22.168. North America Market Share Analysis, By End User, 2022-2029 (Value US$ Bn)
22.214.171.124.2. Process Industries
126.96.36.199. North America Market Share Analysis, By Country, 2022-2029 (Value US$ Bn)
Chapter 5 Stellar Competition Matrix
5.1.1.North America Stellar Competition Matrix
5.2. Key Players Benchmarking
5.2.1.Key Players Benchmarking By Type of Service, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
5.3. Mergers and Acquisitions in Industry
5.3.1.M&A by Region, Value and Strategic Intent
Chapter 6 Company Profiles
6.1.1.General Electric Company
6.1.3.Honeywell International Inc.
6.1.4.Rockwell Automation Inc.