DUBLIN, July 12, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global MRO Market for Automation Solutions 2016-2020" report to their offering.
The report forecasts the global MRO market for automation solutions to grow at a CAGR of 12.84% during the period 2016-2020.
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.
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.
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.
- Honeywell International Inc.
- Rockwell Automation Inc.
- Siemens AG
- W.W. Grainger Inc.
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
PART 15: Appendix
For more information visit http://www.researchandmarkets.com/research/kgtnhk/global_mro_market
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SOURCE Research and Markets