The North American Industrial Automation Services Market was valued at US$ 14.47 billion in 2023, and is projected to grow at a CAGR of 10.58%, reaching an estimated value of US$ 26.47 billion by 2029.
North American Industrial Automation Services Market Overview :
The North American market for industrial automation services (IAS) is experiencing significant growth due to the increasing adoption of various automation solutions. A key driver of this growth is the rising demand for main automation contractors, coupled with a heightened focus on predictive maintenance across industries.
Many companies in North America are embracing automation to reduce reliance on manual labor and enhance mass production efficiency. In the U.S., industrial automation services are accelerating production processes, helping to lower energy consumption and resource use, which in turn reduces manufacturing costs. The growing need for highly efficient automated systems is also a major factor driving market expansion. As a result, many corporations are investing in research and development (R&D) to improve these services. Additionally, the need to automate repetitive tasks and streamline business operations has surged due to increased industrialization and urbanization in the U.S.
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North American Industrial Automation Services Market Dynamics:
The market report highlights that the discrete industries segment, driven by sectors such as packaging, automotive, and electronics & semiconductors, is expected to account for the largest market share by 2029, as automation becomes more prevalent in these areas.
In 2023, the U.S. held the largest share of the North American industrial automation services market, and it is expected to maintain its dominance, registering a 10.58% CAGR from 2024 to 2030. The U.S. is at the forefront of Industry 4.0, continually innovating and strengthening its position in the industrial automation sector. The widespread adoption of smart technologies has also had a positive impact on the country’s economy.
In recent years, major players in the North American market have taken strategic steps to expand their presence. For instance, in June 2021, Rockwell Automation Inc. acquired Plex Systems to enhance its industrial cloud offerings, a move that reflects the growing trend toward cloud-based automation solutions.
North American Industrial Automation Services Market Segmentation:
by Product Type
DCS
SCADA
PLC
MES
Others
by Type of Service
Project Engineering and Installation
Maintenance and Support Services
Consulting Services
Operational Services
by End-User
Discrete Industries
Process Industries
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North American Industrial Automation Services Market Key Players:
General Electric Company
Samsung
Honeywell International Inc.
Rockwell Automation Inc.
Ametek Inc.
ABB
Siemens
Danaher Corporation
Key questions answered in the North American Industrial Automation Services Market are:
- What is North American Industrial Automation Services?
- What was the North American Industrial Automation Services market size in 2023?
- What is the growth rate of the North American Industrial Automation Services Market?
- Which are the factors expected to drive the North American Industrial Automation Services market growth?
- What are the different segments of the North American Industrial Automation Services Market?
- What growth strategies are the players considering to increase their presence in North American Industrial Automation Services?
- What are the upcoming industry applications and trends for the North American Industrial Automation Services Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the North American Industrial Automation Services Market?
- What segments are covered in the North American Industrial Automation Services Market?
- Who are the leading companies and what are their portfolios in North American Industrial Automation Services Market?
- What segments are covered in the North American Industrial Automation Services Market?
- Who are the key players in the North American Industrial Automation Services market?
For a detailed overview of this study, click here:https://www.stellarmr.com/report/North-American-Industrial-Automation-Services-Market/229
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
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- Value chain and supply chain analysis
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