Authored By: Sarah
28 Nov 2023

Cost-effectiveness is driving market advancement at a CAGR of 10.16% for Maintenance Repair Operations (MRO) for Automation Solutions Market through 2023-2027

Around the world, businesses in both the process and discrete sectors favor using outside service providers to handle all of their needs for operation and maintenance. Their inclination towards these service providers is mostly due to the costs involved in recruiting an internal workforce as well as the level of product knowledge and training that the staff members require. Whereas Maintenance Repair Operations (MRO) for Automation Solutions serves as an cost-effective alternative.

Between 2022 and 2027, the Maintenance Repair Operations (MRO) for Automation Solutions Market is projected to expand at a compound annual growth rate (CAGR) of 10.16%. It is anticipated that the market would grow by USD 54.08 billion in revenue.

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Snapshot of MRO Market for Automation Solutions Market

Companies also bundle their service offering with automation solutions in response to end-user demands. End users will have a single point of contact for all maintenance, operation, and repair (MRO) needs. Leading firms worth mentioning includes names like ABB Ltd., AMETEK Inc., Danaher Corp., Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., Festo SE and Co. KG, General Electric Co., Hitachi Ltd., Honeywell International Inc., IMI Plc, Mitsubishi Electric Corp., MKS Instruments Inc., OMRON Corp., Phoenix Contact GmbH and Co. KG, Rockwell Automation Inc., comes with ride range of offerings for the end users as per their requirement.

As the market evolves, end customers would rather work with a single provider of solutions to manage and run the whole automation system that is installed in their facilities. Additionally, this removed the requirement for end users to have several contracts for legal and solution services for a single facility. Find out more about the market dynamics and the factors that our in-depth study forecasts will have the most influence on the market.

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