Industrial Services Market Report 2026

Industrial Services Market Overview

• Industrial Services market size has reached to $37.1 billion in 2025 • Expected to grow to $49.97 billion in 2030 at a compound annual growth rate (CAGR) of 6.1% • Growth Driver: Rising Demand In The Automation Industry Fuels Growth Of The Industrial Services Market Growth • Market Trend: Cutting-Edge Industrial Digital Transformation Service Sets A New Standard • Asia-Pacific was the largest region in 2025.

What Is Covered Under Industrial Services Market?

Industrial services refer to a range of specialized services that support the operations, maintenance, and optimization of industrial facilities, including equipment installation, repair, consulting on process improvements, and digital transformation strategies to enhance operational efficiency and sustainability. The main types of industrial services are engineering and consulting installation and commissioning, and operational improvement and maintenance. Operational improvement and maintenance that is made up of an interconnected ecosystem of training, management, budgeting, maintenance, and business practices that work together to run an organization. The various applications involved are distributed control systems, programmable logic controllers, supervisory control and data acquisition, electric motors, and drives, valves, and actuators, human-machine interfaces, manufacturing execution systems, safety systems, industrial PC, industrial 3D printing, and industrial robotics and that are used in oil and gas, healthcare and pharmaceuticals, chemicals, automotive, water and wastewater, chemicals, food and beverages, energy and power, semiconductor and electronics, paper and pulp, metals and mining, aerospace and others.

What Is The Industrial Services Market Growth Forecast?

The industrial services market size is expected to see strong growth in the next few years. It will grow to $49.97 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to increasing investments in smart manufacturing, rising focus on sustainability-driven operational improvements, growing demand for AI-enabled industrial services, expansion of digital twin and analytics usage, increasing adoption of remote monitoring solutions. Major trends in the forecast period include increasing adoption of predictive maintenance services, rising demand for digital transformation consulting, growing focus on operational efficiency optimization, expansion of industrial automation support services, enhanced integration of data-driven decision systems.

What Is The Driver Of The Industrial Services Market?

The rising demand in the automation industry is expected to propel the growth of the industrial services market going forward. The automation industry refers to the sector that uses various technologies and systems to perform tasks with minimal human intervention. Rising demand in the automation industry is due to factors such as the need for increased efficiency, cost reduction, enhanced safety, and improved data analytics. Automation is used in industrial services to enhance operational efficiency, reduce labor costs, improve accuracy, and ensure consistent quality across various manufacturing and processing tasks. For instance, in December 2023, according to Formstack, a US-based software company, 76% of organizations use automation to automate their daily workflows, automating data and reporting for planning purposes is used by 58%, and compliance with regulations is used by 36% of firms. Therefore, the rising automation industry is driving the growth of the industrial services industry.

Key Players In The Global Industrial Services Market

Major companies operating in the industrial services market include Mitsubishi Electric Corporation, Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Schlumberger Limited, Baker Hughes Company, Halliburton Company, Bechtel Corporation, Jacobs Engineering Group Inc., Fluor Corporation, Emerson Electric Co., SKF AB, McDermott International Inc., Rockwell Automation Inc., WorleyParsons Ltd., TechnipFMC plc, KBR Inc., SNC-Lavalin Group Inc., Metso Outotec Oyj, Weatherford International plc, Yaskawa Electric Corporation, Fuji Electric Co. Ltd., Yokogawa Electric Corporation, Petrofac Limited, Wood Group Mustang lnc., Samson AG, Wunderlich-Malec Engineering Inc., Dynamysk Automation Ltd., National Oilwell Varco Inc., Cameron International Corporation, Endress+Hauser AG, Eaton Corporation plc, Parker Hannifin Corporation, Danaher Corporation, Johnson Controls International plc, 3M Company, Illinois Tool Works Inc., Stanley Black & Decker Inc.

Global Industrial Services Market Trends and Insights

Major companies operating in the industrial services market are focusing on introducing advanced solutions, such as digital transformation, to provide reliable services to customers. Digital transformations are the process of integrating digital technology into all areas of a business, fundamentally changing how it operates and delivers value to customers. For instance, in February 2023, Schneider Electric SE, a France-based company that specializes in digital automation and energy management, launched an Industrial Digital Transformation Consulting and Deployment Service. An Industrial Digital Transformation Consulting and Deployment Service is a service that helps industrial enterprises achieve successful digital transformation. It is designed to provide specialized end-to-end support to accelerate digital transformation strategic planning and implementation. It is intended to deliver demonstrable impact across various targets, such as operational efficiency, sustainability, energy efficiency, asset optimization, and cybersecurity.

What Are Latest Mergers And Acquisitions In The Industrial Services Market?

In December 2025, ITT Inc., a US-based provider of engineered components, industrial process technologies, and industrial services, acquired SPX FLOW Inc. for an undisclosed amount. With this acquisition, ITT aims to expand its industrial process and engineered-equipment capabilities, strengthen its presence across key sectors such as industrial, chemical, energy and mining, and enhance its technical and aftermarket services globally. SPX FLOW Inc. is a US-based provider of highly engineered industrial equipment and process technologies, offering pumps, mixers, valves, flow-control solutions and related industrial services for markets including industrial, health & nutrition, mining and energy.

What Defines the Industrial Services Market?

The industrial services market includes revenues earned by entities by improvement and maintenance, system integration, technical support, and other services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Industrial Services Market Report 2026?

The industrial services market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the industrial services industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.