MRO Market for Automation Solutions Forecasts to 2020 – Analysis of ABB, Honeywell, Rockwell Automation, Siemens and W.W. Grainger

PUNE, INDIA, April 8, 2016 /EINPresswire.com/ -- This market research report presents detailed segmentation of the global MRO market by end user (discrete, and process industries) and by geography (the Americas, APAC, and EMEA). Leading vendors in this market are ABB, Honeywell, Rockwell Automation, Siemens, and W.W. Grainger.

Overview of the global MRO market for automation solutions
The market research analyst predicts that the MRO market for automation solutions will grow at a steady CAGR of close to 13% during the forecast period. Automation has become the norm for many manufacturers as they have to optimize operations and produce quality products in a short period. Automation requires continuous maintenance and repair of equipment to achieve efficiency. Consequently, manufacturers choose to outsource MRO to third party vendors as it costs them a lot of money and time to carry out MRO activities. As a result of market demand, the MRO market for automation solutions has resulted in outsourcing by both process and discrete industries.

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Since the MRO market for automation solutions is quite complex, many services providers are using analytics tools to help in predicting maintenance activities so that errors can be identified and reduced as early as possible. For instance, Siemens is partnering with SAP to set up a new platform in the cloud for users. Simulation is used to identify possible errors early so that there is no system failure. Some of the other advantages of the HANA cloud platform are operation optimization, ability to forecast production, detecting deviations in processes, and predictive modeling.

End-user segmentation and analysis of the MRO market for automation solutions

- Discrete

- Process

The process industry dominates the global MRO market for automation solutions of which the power industry is the biggest segment. An emphasis on generating power by wind farms and solar power has required servicing, maintenance and monitoring of different types of equipment. The MRO services for automation solutions for the process industry are expected to grow at a CAGR of close to 14% during the forecast period.

Geographical segmentation and analysis of the MRO market for automation solutions

- Americas

- APAC

- EMEA

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The APAC region is the largest segment of the MRO market and is expected to generate revenues of close to USD 49 billion by the end of 2020. Countries like Japan, China and India were the major contributors to the market during 2015 due to investment in automated production plants. The growing need for OEMs to improve productivity is propelling the growth of the MRO services market.

Competitive landscape and key vendors

A number of factors influence the MRO market for automation solutions. Some of them have to do with services offered, product performance, knowledge of integrated systems and product quality. Intense competition is very likely among vendors based on these variables and on cost too.

Key vendors in the market are -

- ABB

- Honeywell

- Rockwell Automation

- Siemens

- W.W. Grainger

The other prominent vendors in this market include Bilfinger, Brammer, Emerson Electric, General Electric, Omron, Rexel, Schneider Electric, Toshiba, WESCO International, Wood, Yokogawa Electric, Yaskawa, and Mitsubishi Electric.

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Norah Trent
WiseGuy Research Consultants Pvt. Ltd.
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