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.