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(Transportation-News.com, August 02, 2016 ) About MRO Market for Automation Solutions
The need to optimize operation and produce superior-quality products within the least possible time contributed to the adoption of automation solutions in the production facilities. Also, the need for continuous maintenance and repair work, and the necessity to achieve high operational efficiency of automation products drives the demand for MRO service from service providers, third-party vendors, and OEMs.
Initially, end-users used their in-house expertise to address MRO requirements for automation solutions in plants. As a result, they spent huge sum of money to provide training for the employees to carry out MRO. With technological advances in automation solutions, end-users need to update the training modules for the employees, and this has led to a large OPEX. In order to curtail the expenses, end-users started to outsource the MRO activities. The presence of both OEMs and independent service providers ensure service offerings of the highest quality. With the outsourcing of the MRO services, end-users are able to run their operations efficiently, thus reducing the time to market and ensuring higher production volume.
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Technavios analysts forecast the global MRO Market for Automation Solutions to grow at a CAGR of 12.84% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global MRO market for automation solutions 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of MRO services for industrial automation solutions.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global MRO Market for Automation Solutions 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Table of Content
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
Other prominent vendors
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Automation industry's value chain
PART 06: Market landscape
Market size and forecast
Five forces analysis
PART 07: Market segmentation by end-users
Global MRO market for automation solutions in process industry
Global MRO market for automation solutions in discrete industry
PART 08: Geographical segmentation
Global MRO market for automation solutions in APAC
Global MRO market for automation solutions in EMEA
Global MRO market for automation solutions in the Americas
PART 09: Market drivers
PART 10: Impact of drivers
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