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Global automation to grow 7% over the next 5 years

The worldwide market for supplier provided automation services will grow at a compounded annual growth rate (CAGR) of close to 7 per cent over the next five years says an ARC Advisory Group study, also claiming that the automation industry provides unique services to companies in crisis.

The services business remains one of the best growth opportunities for automation suppliers today, and one of the best ways for end users to take advantage of reduced plant maintenance and operating costs, according to ARC Advisory Group.

“Today, we stand on the verge of an era of transformation for the services business. In the prevailing economic chaos, many end users find their problems are even worse than before,” said ARC research director, Larry O’Brien.

“The pace of job loss in all manufacturing industries in the past few months alone has been staggering. Tight operating environments and reduced demand are forcing companies to cut costs wherever possible. Even with the recent collapse in oil prices, projects costs remain high and many end users have postponed projects.

“The result is that users rely on suppliers to provide them with a continuously expanding scope and depth of automation-related services.

“ This report will zero in on many of the core areas of services that are experiencing more rapid growth and how end users can work with suppliers to reduce costs and provide a path to operational excellence.”

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