Industrial services help industry plants not only to improve productivity and working efficiency but also to reduce downtime and maintenance costs. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as chief executive officers (CEOs), directors, and marketing personnel. The industrial starch market is expected to grow from US$ 67,353. Severe Event in the Southern Tier of the U.S.; Atmospheric River Arrives into Northwest U.S. Two major storm systems will impact different areas of the U.S. on The global industrial hose market is expected to exhibit a CAGR of 5.4% during 2022-2027. The Forecasted Spending statistics are available by World Regions, Market Regions, and Do not delete! Industrial Production Forecast 2022/2023. 2022 manufacturing industry outlook has been saved, 2022 manufacturing industry outlook has been removed, An Article Titled 2022 manufacturing industry outlook already exists in Saved items. | Published by: Stratistics Market Research Consulting Who will be your Top Customer; what will make them switch? Persistence Market Research MES can process several tasks by controlling the number of production processes. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Siemens offers industrial services such as engineering and consultancy, installation, commissioning, maintenance, and training for process and discrete industries. Operational excellence services deliver ongoing training and maintenance services. The CMO forecasts a market value of $7.2 trillion for new airplane deliveries, with the global fleet increasing by 80% through 2041 compared to 2019 pre-pandemic levels. A total of 25 companies are covered in this study. Volatility in raw material price also affects the estimations and predictions of vendors and end-user industries, which disrupts their growth strategies. In an effort more accurately represent industrial trends and identify new high-activity markets in the sector, EA recently decided to add four R&D in software technologies and data analytics has enhanced the applicability of industrial services over the years. Looking forward, IMARC Group expects the market to reach US$ 10.0 Billion by 2027, exhibiting a CAGR of 16.57% during 2022-2027. Many APAC countries, including China and India, are expected to announce remarkable gains in the industrial motors market, with essential infrastructure expansion in the industrial sector and building services during the forecast period. Looking forward, IMARC Group expects the market to reach US$ 25.95 Billion by 2027, exhibiting a growth rate (CAGR) of 5.15% during 2022-2027. Integration of Virtual Reality (VR) with industrial services replicates the surrounding reality, enabling an engineer to practice certain tasks without actual products. North America U.S, Canada In October 2022, Siemens Gamesa, a subsidiary of Siemens, signed two agreements with Hai Long Offshore Wind Project at the Energy Taiwan trade fair in Taipei. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. 2022. On the basis of product type , the market is segmented into detonators, initiating systems, bulk explosives, and other products. The company is a leading supplier of power transmission, power generation, and infrastructure solutions, coupled with automation, drive, and software solutions. Region, Cross New York, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Industrial Starch Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type, Source, and Application" - https://www.reportlinker.com/p06316358/?utm_source=GNW In its native form, pure starch is an amorphous, white, relatively tasteless powder that is odorless and insoluble in water.Industrial starch is one of the most widely used food & beverage, pulp and paper, pharmaceutical, and animal feed that is naturally available products, with minimal processing. They further aid in controlling the vibrations and noise to ensure a peaceful working environment. Net Absorption:The strong leasing momentum witnessed in 2021, led to tenants taking occupancy this quarter and absorbing nearly 123 million s.f. These motors can be further classified into low, medium, and high voltage types and are distributed through various sales channels.Increasing infrastructural development in emerging nations and residential construction in the U.S., the growth of the oil & gas industry, and the growing production in the chemical industry are expected to drive the growth of the global industrial motors market. Siemens provides automation systems, identification systems, industrial communication systems, industrial controls, industry services, manufacturing execution systems (MES), operator controls and monitoring systems, PC-based automation solutions, power supplies, process analytics, and process control systems. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. I would consider this study as a very important tool to my research. The industrial services market has been segmented based on type into engineering, consulting installation, commissioning, and operational improvement and maintenance. Blasting agents are relatively stable substances that are initiate by a blasting cap. The global industrial gases market size was valued at $93.8 billion in 2021, and industrial gases industry is projected to reach $162.8 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031. Inquiry Before Buying. Social login not available on Microsoft Edge browser at this time. Hence, industrial services play an essential role in managing industrial assets. Starch can be extracted from plant sources such as maize (corn) and wheat. Consequently, input costs for many steel-consuming industries have fluctuated dramatically. These services help process and discrete industries to avert unexpected faults and enhance the life of equipment and systems, thereby driving the growth of the operational improvement and maintenance segment globally. However, there has been a global lack of skilled personnel. This is attributed to the rising demand from emerging economies for coal, metals, and minerals. Europe France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS - 106) 8.1 INTRODUCTION FIGURE 23 MARKET, BY INDUSTRY FIGURE 24 MARKET FOR FOOD & BEVERAGES INDUSTRY EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD TABLE 76 MARKET, BY INDUSTRY, 20162019 (USD MILLION) TABLE 77 MARKET, BY INDUSTRY, 20202025 (USD MILLION) 8.2 AUTOMOTIVE TABLE 78 MARKET FOR AUTOMOTIVE, BY APPLICATION, 20162019 (USD MILLION) TABLE 79 INDUSTRIAL SERVICES MARKET FOR AUTOMOTIVE, BY APPLICATION, 20202025 (USD MILLION) 8.2.1 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY 8.3 AEROSPACE TABLE 80 MARKET FOR AEROSPACE, BY APPLICATION, 20162019 (USD MILLION) TABLE 81 MARKET FOR AEROSPACE, BY APPLICATION, 20202025 (USD MILLION) 8.3.1 IMPACT OF COVID-19 ON AEROSPACE INDUSTRY 8.4 CHEMICALS TABLE 82 MARKET FOR CHEMICAL, BY APPLICATION, 20162019 (USD MILLION) TABLE 83 MARKET FOR CHEMICAL, BY APPLICATION, 20202025 (USD MILLION) 8.4.1 IMPACT OF COVID-19 ON CHEMICALS INDUSTRY 8.5 FOOD & BEVERAGES TABLE 84 MARKET FOR FOOD & BEVERAGE, BY APPLICATION, 20162019 (USD MILLION) TABLE 85 MARKET FOR FOOD & BEVERAGE, BY APPLICATION, 20202025 (USD MILLION) 8.5.1 IMPACT OF COVID-19 ON FOOD & BEVERAGES INDUSTRY 8.6 HEALTHCARE & PHARMACEUTICALS TABLE 86 MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY APPLICATION, 20162019 (USD MILLION) TABLE 87 MARKET FOR HEALTHCARE & PHARMACEUTICALS, BY APPLICATION, 20202025 (USD MILLION) 8.6.1 IMPACT OF COVID-19 ON HEALTHCARE & PHARMACEUTICAL INDUSTRY 8.7 OIL & GAS TABLE 88 MARKET FOR OIL & GAS, BY APPLICATION, 20162019 (USD MILLION) TABLE 89 MARKET FOR OIL & GAS, BY APPLICATION, 20202025 (USD MILLION) 8.7.1 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY 8.8 METALS & MINING TABLE 90 MARKET FOR METAL & MINING, BY APPLICATION, 20162019 (USD MILLION) TABLE 91 INDUSTRIAL SERVICES MARKET FOR METAL & MINING, BY APPLICATION, 20202025 (USD MILLION) 8.8.1 IMPACT OF COVID-19 ON METAL & MINING INDUSTRY 8.9 ENERGY & POWER TABLE 92 MARKET FOR ENERGY & POWER, BY APPLICATION, 20162019 (USD MILLION) TABLE 93 MARKET FOR ENERGY & POWER, BY APPLICATION, 20202025 (USD MILLION) 8.9.1 IMPACT OF COVID-19 ON ENERGY & POWER INDUSTRY 8.10 SEMICONDUCTOR & ELECTRONICS TABLE 94 MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY APPLICATION, 20162019 (USD MILLION) TABLE 95 MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY APPLICATION, 20202025 (USD MILLION) 8.10.1 IMPACT OF COVID-19 ON SEMICONDUCTOR & ELECTRONICS INDUSTRY 8.11 WATER & WASTEWATER TABLE 96 MARKET FOR WATER & WASTEWATER, BY APPLICATION, 20162019 (USD MILLION) TABLE 97 MARKET FOR WATER & WASTEWATER, BY APPLICATION, 20202025 (USD MILLION) 8.12 OTHERS TABLE 98 MARKET FOR PAPER & PULP, BY APPLICATION, 20162019 (USD MILLION) TABLE 99 MARKET FOR PAPER & PULP, BY APPLICATION, 20202025 (USD MILLION) TABLE 100 MARKET FOR OTHERS, BY APPLICATION, 20162019 (USD MILLION) TABLE 101 INDUSTRIAL SERVICES MARKET FOR OTHERS, BY APPLICATION, 20202025 (USD MILLION), 9 GEOGRAPHIC ANALYSIS (Page No. *Details on Business Overview, Products/ Services Offered, Recent Developments, SWOT Analysis, MnM view and COVID-19-related developments/strategies might not be captured in case of unlisted companies. Industrial electric motors translate electrical energy into mechanical energy and are used in conveyors, pumps, fans, and other industrial machinery. | USD $4,750, October, 2022 On the basis of geographic , the market is segmented into Operational excellence is one of the major factors that help industry players achieve optimal performance in the production process. IIR's 5-Year Industrial Spending Forecast provides a unique "bottom-up" forecast of industrial plant spending that estimates annual capital and maintenance budgets across 12 industries. What are the factors driving the growth of the market? Under the Robotics section, the company provides industrial robots, software, field services, spare parts, robotics systems and solutions, and related digital services. Defend your Market Share or Win Competitors. The lack of a skilled workforce affects service efficiency and performance. USA-Canada Toll-free +1 800-961-0353 projected to grow from USD 33.6 billion in 2020 to USD 44.1 Billion by 2025, at a CAGR of 5.6% between 2020-2025. Legal Disclaimer: MENAFN provides the information as is without warranty of any kind. | Published by: Global Industry Analysts CBRE has long enjoyed a presence in the New Jersey commercial real estate marketplace, opening our first location in the state in 1976. An industrial electric motor is an electromechanical machine found in major industrial products Arriving at market estimates by analyzing revenues generated by manufacturers, based on their locations (countries), and then combining country-based data to get a market estimate based on region, Verifying and crosschecking estimates at every level by discussing with key opinion leaders, including CEOs, directors, operation managers, and then finally with domain experts at MarketsandMarkets, To describe and forecast the industrial services market size, by type, application, and industry, in terms of value, To describe and forecast the market size for regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value, To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth, To provide a detailed overview of the value chain and ecosystem of the industrial services market, To analyze opportunities for stakeholders in the industrial services market by identifying its high-growth segments, To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market, Detailed analysis and profiling of additional market players (up to 5), Get Data as per your Format and Definition, Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor, What are the Known and Unknown Adjacencies Impacting the Industrial Services Market. The Industrial Internet of Things (IIoT)-based services such as remote monitoring and predictive maintenance would drive the growth of the industrial services market in the coming years. He has more than three decades ofexperience in the industrial pr More, Kate Hardin, executive director of Deloittes Research Center for Energy and Industrials, has worked in the energy industry for 25 years. Inclusion of the impact of megatrends on the industrial services market that includes a shift in global climate change, rapid urbanization, greater customization, and disruptive technologies, Technology analysis and case studies are added in this edition of the report to give the technological perspective and the significance of the advancements in the industrial services market. As industrial production and capacity utilization surpassed pre-pandemic levels midyear, strong increases in new orders for all major subsectors signal growth continuing in 2022. At Deloitte, our purpose is to make an impact that matters by creating trust and confidence in a more equitable society. Do not delete! of industrial space, bringing the year-to-date absorption total to 356.9 million s. f. Vacancy:Overall, industrial markets continued to constrict, posting the seventh consecutive quarter of declining vacancy, bringing the vacancy rate to 3.3%, an all-time low. I would like to receive JLL communications. DTTL and each of its member firms are legally separate and independent entities. Timely operational improvement and maintenance of devices and systems are needed to ensure appropriate functioning during an emergency. 80% of fortune 2000 companies rely on our research to identify new revenue sources. List of the Companies Operating in the Market: Revenue in USD million/billion and CAGR from 2022 to 2029, North America, Europe, Asia Pacific, Middle East & Africa, Latin America and Rest of World, Unites States, Canada, Mexico, Unites Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others, Saint Gobain, Hollingsworth & Vose Company, Knauf Insulation, Rock Wool Manufacturing Company, Owens Corning, USG Corporation, Armacell. This is attributed to the growing demand for detonators for use in underground and surface mining applications. High explosives are detonable materials that can be initiated by a number of means, including heat, electricity, or shock. Are services further segmented into industries or vice versa? Generally the personal information we collect from you are for the purposes of dealing with your inquiry. Therefore, fluctuations in raw material costs, specifically steel and aluminum, could hinder the global industrial motors markets growth.IMPACT OF COVID-19The global industrial motors market suffered a slowdown because of the COVID-19 crisis, as most economic activities were halted in 2020, especially during Q1 and Q2 2020. Pune, India, Oct. 27, 2022 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, the global industrial insulation market size is expected to gain momentum during the forecast period. - 32) 1.1 OBJECTIVES OF THE STUDY 1.2 MARKET DEFINITION AND SCOPE 1.2.1 INCLUSIONS & EXCLUSIONS 1.3 STUDY SCOPE 1.3.1 MARKETS COVERED FIGURE 1 INDUSTRIAL SERVICES MARKET SEGMENTATION 1.3.2 YEARS CONSIDERED FOR THE STUDY 1.4 CURRENCY 1.5 LIMITATIONS 1.6 MARKET STAKEHOLDERS 1.7 SUMMARY OF CHANGES, 2 RESEARCH METHODOLOGY (Page No. The demand for industrial automation in China is growing. Our 2022 outlook explores five manufacturing industry trends that can help organizations turn risks into advantages and capture growth. Submit Your Articles/Press Releases/Reports. The Machine Automation section provides solutions based on programmable logic controllers (PLC), servo motion, transport systems, industrial PCs (IPC), and machine vision. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Industrial Pumps Market size was valued at USD 58.4 Billion in 2020 and is projected to reach USD 74.4 Billion by 2028, growing at a CAGR of 3.0% from 2021 to 2028.. Leasing:While leasing activity slipped slightly quarter-over-quarter, the market showed signs of resiliency with approximately 134.3 million s.f. marking a 25% year-over-year increase. Substantial investments have been made in the research & development and upgrades of industrial services. These services assist the user in improving the plant's reliability, availability, and efficiency. Fortune Business Insights Pvt. ABB is one of the leading technology companies providing a wide range of products such as control room solutions, metallurgy products, electric vehicle charging infrastructure, motors and generators, measurement and analytics, and mechanical power transmission. In October 2022, ABB and TECO Electric & Machinery entered a strategic collaboration to develop solutions for offshore wind substation-related equipment and engineering in Taiwan. The ABB Group was founded in 1988 due to the merger between Asea AB (Sweden) and BBC Brown Boveri AG (Switzerland). of new industrial product delivered to the market marking a nearly 27% increase from the previous quarter. It has been expected that around the same time, policymakers would reduce their country's CO2 emissions by half to mitigate climate change. The primary reason for this decline is the slowdown in the manufacturing sector and the shutdown of non-essential factories and production lines. Inquire Before Buying This Research Report: https://www.fortunebusinessinsights.com/enquiry/queries/industrial-insulation-market-102350, Product Innovations by Major Companies to Consolidate Market Position. Hence, motors that provide higher frequency and accuracy and are automated after reset have been increasing in demand, including servomotors, electric motors, and others.Increasing Raw Material CostsSteel prices have become highly volatile in global markets. Exhaustive secondary research has been conducted to collect information related to the market. 5% from 2022 to 2028. The collaboration will help service providers to get the installed base of OEMs while OEMs can sell the products with extended service agreements. Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches. By Ibrahiim Bayaan. 12 ADJACENT & RELATED MARKETS (Page No. This box/component contains JavaScript that is needed on this page. Call +1 888-863-4084. With the given market data, MarketsandMarkets offers customizations according to a companys specific need. - 47) 3.1 PRE-COVID-19 3.2 REALISTIC SCENARIO 3.3 PESSIMISTIC SCENARIO 3.4 OPTIMISTIC SCENARIO FIGURE 8 PRE- AND POST-COVID-19 ANALYSIS OF MARKET FIGURE 9 OPERATIONAL IMPROVEMENT & MAINTENANCE SERVICE TO HOLD THE LARGEST MARKET SHARE DURING FORECAST PERIOD FIGURE 10 MARKET FOR INDUSTRIAL 3D PRINTING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD FIGURE 11 FOOD & BEVERAGES EXPECTED TO BE FASTEST-GROWING APPLICATION IN MARKET DURING FORECAST PERIOD FIGURE 12 APAC TO BE THE FASTEST-GROWING MARKET FOR INDUSTRIAL SERVICES DURING FORECAST PERIOD, 4 PREMIUM INSIGHTS (Page No. The benefits of technological advancements and the expected opportunities significantly impact the value chain of industrial services. Who are the key players/companies in the global Industrial Explosives market? 01 million in 2022 to US$ 98,426. The increasing use of industrial pumps in a variety of applications, including chemicals, petrochemicals & wastewater treatment and the rising need for efficient, durable & The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. of industrial space. The secondary sources used for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. In the primary research process, primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. There is currently 633.8 million s.f. 74 million by 2028; it is estimated to grow at a CAGR of 5. Industrial Services Market Forecast to 2025, To know about the assumptions considered for the study, Request for Free Sample Report. The recovery gained momentum in 2021 on the heels of vaccine rollout and rising demand. 5% from 2022 to The detonators segment is anticipated to account for a major share of the market in terms of revenue over the forecast period. Siemens is mainly engaged in the electrical engineering and electronics business. - 125) 9.1 INTRODUCTION FIGURE 25 MARKET: BY GEOGRAPHY FIGURE 26 MARKET IN APAC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD TABLE 102 MARKET, BY REGION, 20162019 (USD MILLION) TABLE 103 MARKET, BY REGION, 20202025 (USD MILLION) 9.2 NORTH AMERICA TABLE 104 MARKET IN NORTH AMERICA, BY APPLICATION, 20162019 (USD MILLION) TABLE 105 MARKET IN NORTH AMERICA, BY APPLICATION, 20202025 (USD MILLION) TABLE 106 MARKET IN NORTH AMERICA, BY COUNTRY, 20162019 (USD MILLION) TABLE 107 MARKET IN NORTH AMERICA, BY COUNTRY, 20202025 (USD MILLION) 9.2.1 COVID-19 IMPACT FOR INDUSTRIAL SERVICES IN NORTH AMERICA FIGURE 27 SNAPSHOT: INDUSTRIAL SERVICES IN NORTH AMERICA 9.2.2 US 9.2.2.1 Increasing adoption of innovative industrial services to increase productivity drives the market in US 9.2.3 CANADA 9.2.3.1 Industrial services for the energy & power industry have a huge revenue potential in Canada 9.2.4 MEXICO 9.2.4.1 Industries such as electronics, chemical, food & beverages, and mining play a vital role in growth of market in Mexico 9.3 EUROPE TABLE 108 MARKET IN EUROPE, BY APPLICATION, 20162019 (USD MILLION) TABLE 109 MARKET IN EUROPE, BY APPLICATION, 20202025 (USD MILLION) TABLE 110 MARKET IN EUROPE, BY COUNTRY, 20162019 (USD MILLION) TABLE 111 MARKET IN EUROPE, BY COUNTRY, 20202025 (USD MILLION) 9.3.1 IMPACT OF COVID-19 ON MARKET IN EUROPE FIGURE 28 SNAPSHOT: INDUSTRIAL SERVICES MARKET IN EUROPE 9.3.2 UK 9.3.2.1 Growing base of automation equipment would drive the growth of the market in the coming years in UK 9.3.3 FRANCE 9.3.3.1 Increasing focus of the French government toward a reduction in energy usage and emission of greenhouse gases is expected to increase the demand of market 9.3.4 GERMANY 9.3.4.1 Stringent government regulations are expected to boost the market in Germany 9.3.5 REST OF EUROPE 9.4 ASIA PACIFIC TABLE 112 MARKET IN APAC, BY APPLICATION, 20162019 (USD MILLION) TABLE 113 MARKET IN APAC, BY APPLICATION, 20202025 (USD MILLION) TABLE 114 INDUSTRIAL SERVICES MARKET IN APAC, BY COUNTRY, 20162019 (USD MILLION) TABLE 115 MARKET IN APAC, BY COUNTRY, 20202025 (USD MILLION) 9.4.1 COVID-19 IMPACT FOR INDUSTRIAL SERVICES IN APAC FIGURE 29 SNAPSHOT: MARKET IN APAC 9.4.2 CHINA 9.4.2.1 Heightened demand from oil & gas and chemicals industries driving market growth in China 9.4.3 INDIA 9.4.3.1 Increase in adoption of automation solutions in the manufacturing industries in India drives the market 9.4.4 JAPAN 9.4.4.1 Industrial Internet of Things (IIoT)-based services such as remote monitoring and predictive maintenance would drive the growth of the market in Japan 9.4.5 REST OF APAC 9.5 REST OF THE WORLD (ROW) TABLE 116 MARKET IN ROW, BY APPLICATION, 20162019 (USD MILLION) TABLE 117 MARKET IN ROW, BY APPLICATION, 20202025 (USD MILLION) TABLE 118 MARKET IN ROW, BY COUNTRY, 20162019 (USD MILLION) TABLE 119 MARKET IN ROW, BY COUNTRY, 20202025 (USD MILLION) 9.5.1 IMPACT OF COVID-19 ON MARKET IN ROW 9.5.2 SOUTH AMERICA 9.5.2.1 Rising mechanization and increasing inclination of organizations toward adopting safety measures are driving the growth of the market in South America 9.5.3 MIDDLE EAST 9.5.3.1 Oil and gas industry offers huge scope for the market in Middle East 9.5.4 AFRICA 9.5.4.1 Industrial developments by African government to drive the industrial services market, 10 COMPETITIVE LANDSCAPE (Page No. By 20222028, industrial hose assemblies are expected to sell for more than US$ 37,556.7 Mn, representing a 6.8% CAGR. The trend for biodegradable and bio-based adhesives, and the associated need for stringent regulations for low-emission adhesives, are expected to propel the segment growth during the forecast period.The industrial starch market, based on geography, is segmented into North America, Europe, Asia Pacific (APAC), South and Central America (SAM), and the Middle East and Africa (MEA).In 2021, Asia Pacific dominated the market.The growth of various end-use industries in Asia Pacific is driving the growth of the industrial starch market in this region.The food & beverage industry strongly contributes to the market growth in Asia Pacific.Increasing urbanization, government and private initiative to increase the use of renewable packaging materials, and consumer spending are the factors that collectively impact the growth of Asia Pacific economies, which are driving the growth of the industrial starch market.The food & beverages industry faced unprecedented challenges due to the COVID-19 pandemic.The shortage of raw materials and manpower, a shutdown of factories, and other operational difficulties associated with COVID-19 safety protocols adversely affected the industrial starch market.The lockdown measures heavily impacted industrial starchs supply and production.As the food & beverage industry is susceptible to economic cycles, producers and workers were particularly exposed to the consequences of a sharp drop in economic activity amid the pandemic.Food and beverage production operations were deemed necessary in several countries; however, production sites were completely or partially shut down in other nations as part of containment efforts.However, the pharmaceutical industry assisted the industrial starch market to thrive during the COVID-19 pandemic.In the pharmaceutical industry, starch is used as a binder and disintegrant. The following customization options are available for the report. This box/component contains code needed on this page. Maintenance services include the repair and replacement of components in a manufacturing plant. | Published by: Global Industry Analysts of deals signed in Q3. The Robotics & Discrete Automation segment offers products, solutions, and services under two separate business areas: Robotics and Machine Automation. November, 2020 Following the collaboration, ABB will be accountable for designing and supplying electricity, data acquisition and monitoring, and automation. US Industrial Products & Construction Leader, +++ DO NOT USE THIS FRAGMENT WITHOUT EXPLICIT APPROVAL FROM THE CREATIVE STUDIO DEVELOPMENT TEAM +++, Telecommunications, Media & Entertainment, Change your strictly necessary cookie settings, Midyear 2020 manufacturing industry outlook, The importance of manufacturing industry diversity. Japan is known as an early adopter of technologies. ET - 217) 13.1 DISCUSSION GUIDEINDUSTRIAL SERVICE MARKET 13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 13.3 AVAILABLE CUSTOMIZATIONS 13.4 RELATED REPORTS 13.5 AUTHOR DETAILS. In such cases, maintenance-as-a-service helps with convenient monitoring by skilled personnel.