Skip to main content

Global Industrial Actuators Services Market Report 2020-2027: Repair, Maintenance, and Consulting Services is Projected to Grow at a 4.2% CAGR to Reach US$633.3 Million - ResearchAndMarkets.com

The "Industrial Actuators Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Industrial Actuators Services Market to Reach US$1.3 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Industrial Actuators Services estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027.

Repair, Maintenance, and Consulting Services, one of the segments analyzed in the report, is projected to grow at a 4.2% CAGR to reach US$633.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commissioning and Calibration Services segment is readjusted to a revised 3.8% CAGR for the next 7-year period. This segment currently accounts for a 31% share of the global Industrial Actuators Services market.

The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 6.3% CAGR for the Period of 2020-2027

The Industrial Actuators Services market in the U.S. is estimated at US$296.9 Million in the year 2020. The country currently accounts for a 28.86% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$232.9 Million in the year 2027 trailing a CAGR of 6.3% through 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach US$232.9 Million by the year 2027.

Retrofit Services Segment Corners a 22.9% Share in 2020

In the global Retrofit Services segment, USA, Canada, Japan, China and Europe will drive the 3.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$177.9 Million in the year 2020 will reach a projected size of US$220.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$178.8 Million by the year 2027, while Latin America will expand at a 3.5% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Emerson Electric Company
  • Flowserve Corporation
  • Honeywell International, Inc.
  • Rotork PLC
  • The Weir Group PLC

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Industrial Actuators Services Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

  • Market Facts & Figures
  • US Industrial Actuators Services Market Share (in %) by Company: 2018 & 2027
  • Market Analytics

CANADA

JAPAN

CHINA

EUROPE

  • Market Facts & Figures
  • European Industrial Actuators Services Market: Competitor Market Share Scenario (in %) for 2018 & 2027
  • Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

  • Total Companies Profiled: 65

For more information about this report visit https://www.researchandmarkets.com/r/c7a7cl

Contacts:

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.