Lewes, DE -- (SBWIRE) -- 04/22/2016 -- Report forecast the global MRO market for automation solutions to grow at a CAGR of 12.84% during the period 2016-2020.

The need to optimize operation and produce superior-quality products within the least possible time contributed to the adoption of automation solutions in the production facilities. Also, the need for continuous maintenance and repair work, and the necessity to achieve high operational efficiency of automation products drives the demand for MRO service from service providers, third-party vendors, and OEMs.

Initially, end-users used their in-house expertise to address MRO requirements for automation solutions in plants. As a result, they spent huge sum of money to provide training for the employees to carry out MRO. With technological advances in automation solutions, end-users need to update the training modules for the employees, and this has led to a large OPEX.

In order to curtail the expenses, end-users started to outsource the MRO activities. The presence of both OEMs and independent service providers ensure service offerings of the highest quality. With the outsourcing of the MRO services, end-users are able to run their operations efficiently, thus reducing the time to market and ensuring higher production volume.

The report covers the present scenario and the growth prospects of the global MRO market for automation solutions 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of MRO services for industrial automation solutions.

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

According to the report, globally, both process and discrete industries prefer adopting third-party service providers to meet all service maintenance and operation-related requirements. The third-party service provider is approached mainly because of the cost attached to employing in-house workforce and the level of product knowledge and training required by the staff. Therefore, end-users prefer a single solution provider for maintaining and operating the complete automation solution implemented in the facilities.

Further, the report states that limited presence of single service provider with multi-vendor product knowledge hinders the market growth.

Global MRO Market for Automation Solutions 2016-2020, 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.

key players in the Global MRO Market for Automation Solutions: ABB, Honeywell International Inc., Rockwell Automation Inc., Siemens AG, and W.W. Grainger Inc.

Other Prominent Vendors in the market are: Bilfinger, Brammer, Emerson Electric, General Electric, Omron, Rexel, Schneider Electric, Toshiba International, WESCO International, Wood, Yokogawa Electric, Yaskawa, and Mitsubishi Electric.

Market driver
- Growth in outsourcing of operations
- For a full, detailed list, view our report

Market challenge
- Limited presence of single service provider with multi-vendor product knowledge
- For a full, detailed list, view our report

Market trend
- Emergence of Industry 4.0
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 58 pages and 33 Exhibit "Global MRO Market for Automation Solutions 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Automation industry's value chain, Market segmentation by end-users, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-mro-market-automation-solutions-2016-2020

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