The Industrial Maintenance Services Global Market Report 2023, provides comprehensive information on the industrial maintenance services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Industrial Maintenance Services Market’s Growth:
The global industrial maintenance services market is expected to grow from $48.68 billion in 2022 to $52.11 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the industrial maintenance services market is expected to grow to $66.93 billion in 2027 at a CAGR of 6.5%.
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Product innovation is a key trend in the industrial maintenance services market. Major companies operating in the industrial maintenance services market are focused on developing innovative solutions to strengthen their position in the market. For instance, in May 2022, Valmet, a Finland-based company that develops and provides technologies, automation systems, and services to the pulp, paper, and energy industries, introduced the Valmet Mobile Maintenance (VMM) program to streamline processes in mill maintenance operations and make maintenance data accessible at any time. VMM is an iOS and Android-compatible mobile application. The program is made to make the work of production and maintenance operators more efficient. They can save time and increase productivity by generating defect notifications and checking work orders while they are in progress.
The industrial maintenance services market is segmented:
1) By Service: Repair, Inspection, Maintenance
2) By Location: On Shore, Off Shore
3) By End-User: Oil And Gas, Industry, Power Generation, Other End-User
Asia-Pacific was the largest region in the industrial maintenance services market in 2022.
The table of contents in TBRC’s industrial maintenance services market report includes:
- Executive Summary
- Industrial Maintenance Services Market Characteristics
- Industrial Maintenance Services Market Trends And Strategies
- Industrial Maintenance Services Market – Macro Economic Scenario
- Industrial Maintenance Services Market Size And Growth
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- Africa Industrial Maintenance Services Market
- Industrial Maintenance Services Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Industrial Maintenance Services Market
- Industrial Maintenance Services Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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