Schneider Electric, SKF Group, Rockwell Automation, Inc are Dominating the Global Industrial Maintenance Services in Operational Improvement & Operational Maintenance Market in 2019

Global Industrial Maintenance Services In Operational Improvement & Operational Maintenance Market is expected to grow with the CAGR of 5.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global industrial maintenance services in operational improvement & operational maintenance market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global industrial maintenance services in operational improvement & operational maintenance market are introducing preventive and predictive service portfolio. This helped companies to maximize the sales with enhanced service portfolio.

For instance,

• In May, 202, ABB Company introduced new service a special package of digital solutions and field service support.  Company enhanced their service and support for the customers to start their business after COVID-19 pandemic. Through this company strengthened their service portfolio to enhance their relationship with customers.

Schneider Electric is the dominating player in global industrial maintenance services in operational improvement & operational maintenance market. The other key players existing in the market includes Emerson Electric Co., Rockwell Automation, Inc., SKF Group, TietoEVRY, SGS SA, Advanced Technology Services, Inc., Quant AB, John Wood Group PLC, ICONICS, Inc., Wunderlich-Malec Engineering, Inc., INTECH Process Automation Inc, Dynamysk Automation Ltd., ABB, Endress+Hauser Group Services AG, Honeywell (A Subsidiary of Honeywell International Inc), Yaskawa America, Inc. (A subsidiary of YASKAWA ELECTRIC CORPORATION), Rohrer Beteiligungs-und Verwaltungs GmbH, Pleuler Industrie - Service KG, and Siemens.

Schneider Electric

Schneider Electric is headquartered in Paris, France which was established in 1836. The company focuses on providing energy management and automation solutions in four businesses, low voltage, medium voltage, secure power, and industrial automation. The company offers wide range of service categories such as field services, digital services, consulting and training among which field services are focused category. Company operates their business through energy management (low voltage, medium voltage, and secure power), industrial automation business segment while industrial automation is focused category.

• In September 2019, Schneider Electric company with BASF launched new solution for electrical substation. The new EcoStruxureAsset Advisor integrated with electrical substation to visualise the operations. The new solution offers the predictable asset performance through computing and measuring various variables. Company enhanced their service for the electrical industry market.

The company has wide global presence across the globe such as Asia-Pacific, Europe, Middle East & Africa, South America and North America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Invensys Systems NV/SA (Belgium), ABN Braun GmbH (Germany), Schneider Electric Industrie Italia Spa (Italy), Invensys Operations Management Espana S.L.U. (Spain), Schneider Electric Canada Inc. (Canada) among others..

SKF Group

SKF Group is headquartered in Gothenburg, Sweden was founded in year 1907. The company focuses on providing design and manufacture of bearings, seals and lubrication systems. The company offers various service categories such as application engineering, asset management services, condition based maintenance, mechanical maintenance services, remanufacturing and customization, SKF training solutions among which condition based maintenance and mechanical maintenance services is focused category.

• In April 2020, SKF Group company formed partnership with the LumenRadio, a wireless technology provider company formed to develop enhanced automated machine monitoring solution. New solution developed by integrating wireless monitoring system with SKF Enlight Collect IMx-1 System. It offers the predictive maintenance solution helps to reduce machine shutdowns and increases defect detection rates.

The company has presence in Americas, Europe, Middle East & Africa, Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such Kaydon Corporation (U.S.), Lincoln Industrial Corporation (U.S.), SKF France SAS (France), SKF USA Inc (U.S.), SKF Economos GmbH (Germany) among others.

Siemens

Siemens is headquartered in Munich, Germany which was founded in 1847. The company focuses on providing power and energy solutions to the energy and electricity industry; developing fossil fuel power plants and power-generating components, mobility & automation solutions. The company has wide offering solution range such as building technology, energy, drive technology, financing, healthiness, industrial automation, mobility, services, software, consumer products in which services is market focused category.

• In November 2019, Siemens company launched new app to for predictive maintenance service of drive systems. New app Mindsphere is introduced which offers the future-proof maintenance and efficient services. The company enhanced their offering for the Simotics motors and Sinamics drive systems used for low voltage range with efficient maintenance solution. Through this new solution company generated more revenues with increased customer base.

The company has global presence in America, Europe, Middle East & Africa, Asia-Pacific. In addition, company also generates revenue through the subsidiary such as Flender Industriegetriebe GmbH (Germany), Siemens Healthcare Logistics LLC (Egypt), Societe Exploitation du Parc Eolien de Clamanges SARL (France), Siemens S.p.A (Italy), Dresser-Rand B.V. (Netherlands) among others.