Instrumentation Services Market Growth by Top Companies, Gross Margin, Forecasts to 2021

Global Instrumentation Services Market 2018-2021” presents an in-depth assessment of the Instrumentation Services including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Instrumentation Services investments from 2018 till 2021.

Our analysts forecast the global Instrumentation Services market to grow at a CAGR of 5.93% during the period 2017-2021

Instrumentation services is defined as the collection of carrying out industrial equipment services such as calibration, maintenance and repair, and commissioning and testing. Global Instrumentation Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

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The market is divided into the following segments based on geography: Americas, APAC, EMEA

Companies Mentioned are: ABB, Siemens, Honeywell, Yokogawa, and Endress + Hauser.

Other Prominent Vendors in the market are: Agilent Technologies, Branom Instrument, Charnwood, General Electric, Marsh, Miraj Instrumentation Services, RAECO, Rockwell Automation, Trescal, and Utilities Instrumentation Services.
Segmentation by service and analysis of the instrumentation services market- Calibration services, Maintenance and repair services, Testing and commissioning services

Competitive landscape and key vendors
The global instrumentation services market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. The market comprises of vendors that are increasingly focusing on providing support services and customized solutions for both process industries and discrete industries. In addition, it has been observed that local vendors in the analytical instrumentation market find it increasingly difficult to compete against international service providers in terms of quality and reliability with technological innovations and flexible customer support.

The report covers the present scenario and the growth prospects of the global instrumentation services market for 2017-2021. To calculate the market size, the report considers the new installations/sales/value and retrofit/replacement/spares/aftermarket/services market 

Essential points covered in Global Instrumentation Services Market 2018 Research are:-

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the Global Instrumentation Services market?
• What are the key market trends impacting the growth of the Global Instrumentation Services market?
• What are the challenges to market growth?
• Who are the key vendors in the Global Instrumentation Services market?
• What are the market opportunities and threats faced by the vendors in the Global Instrumentation Services market?
• What are the key outcomes of the five forces analysis of the Global Instrumentation Services market?

This independent 70 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Instrumentation Services market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
Furthermore, the report provides a detailed analysis of the Global Instrumentation Services market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.

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IndustryDataAnalytics Announces the Publication of its Research Report: Global Instrumentation Services Market 2018-2021

Commenting on the report, an analyst from IndustryDataAnalytics team said: The latest trend gaining momentum in the market is availability of software-based instrumentation services. The complex industrial process has increased the implementation of a large number of industrial equipment. However, the industry needs skilled labor to ensure the high performance of these instruments. In the recent times, the service providers are facing difficulties in getting skilled labor due to rising competition, resulting in low productivity of services. However, the evolution of software calibration will partially compensate the requirement of skilled labor through pre-loaded programming.” ”

Market challenge

• Reduced profitability due to highly fragmented market
• For a full, detailed list, view our report     

Market trend

Availability of software-based instrumentation services
For a full, detailed list, view our report     

Further, the report states that one of the major factors hindering the growth of this market is reduced profitability due to highly fragmented market. The global instrumentation services market is highly fragmented with a large number of small and medium-sized vendors. Hence, there is intense competition among OEMs, NMIs, third-party vendors, and laboratories, leading to price wars among them. This has led vendors to provide services at a low-cost, affecting revenue as well as profit margins.

According to the report, one of the major drivers for this market is rapid adaption of technology. The vendors are using advanced technologies for calibration, testing, and commissioning of industrial instruments, which reduces the cost of service by lowering the cost of associated physical labor.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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