Product Code: ETC036109 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines industrial services market is expected to grow at a CAGR of 9.1% over the forecast period of 2025-2031. Industrial services refer to activities related to the maintenance, repair, installation or upgrade of facilities used in production processes. The demand for industrial services has increased due to emergence of new technologies, such as artificial intelligence (AI) and robotics, which are being adopted by industries across various sectors in order to automate their operations and increase productivity. Furthermore, government initiatives such as ???Make in India??? and ???Make it Philippines??? have also contributed towards growth of the industrial services sector in this region by providing tax incentives and other subsidies on investments made into manufacturing setups within the country
With advancement of technological innovations like AI & IoT gaining traction across different countries including Philippines; there is an increasing need for installing & integrating these advanced systems with existing ones resulting into higher demand for industrial service providers who can help companies get ready with latest technology solutions which will help them keep up with competition & maximize profits from their operations. Additionally, various initiatives taken by government like Make In India & Make It Philippine program are helping promote manufacturing setup within the country leading to more need for setting up factories/manufacturing units thereby creating more opportunities for industrial service providers.
Setting up a factory requires huge amount funds along with ability manage all resources be it human capital or financials; hence many small scale businesses find it difficult adopt such expensive steps hindering overall industry growth
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Industrial Services Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Industrial Services Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Industrial Services Market - Industry Life Cycle |
3.4 Philippines Industrial Services Market - Porter's Five Forces |
3.5 Philippines Industrial Services Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Industrial Services Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Philippines Industrial Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Industrial Services Market Trends |
6 Philippines Industrial Services Market, By Types |
6.1 Philippines Industrial Services Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Industrial Services Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Industrial Services Market Revenues & Volume, By Engineering and Consulting, 2021-2031F |
6.1.4 Philippines Industrial Services Market Revenues & Volume, By Installation and Commissioning, 2021-2031F |
6.1.5 Philippines Industrial Services Market Revenues & Volume, By Operational Improvement and Maintenance, 2021-2031F |
6.2 Philippines Industrial Services Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Philippines Industrial Services Market Revenues & Volume, By Distributed Control System (DCS), 2021-2031F |
6.2.3 Philippines Industrial Services Market Revenues & Volume, By Programmable Logic Controller (PLC), 2021-2031F |
6.2.4 Philippines Industrial Services Market Revenues & Volume, By Supervisory Control and Data Acquisition (SCADA), 2021-2031F |
6.2.5 Philippines Industrial Services Market Revenues & Volume, By Electric Motors and Drives, 2021-2031F |
6.2.6 Philippines Industrial Services Market Revenues & Volume, By Valves and Actuators, 2021-2031F |
6.2.7 Philippines Industrial Services Market Revenues & Volume, By Human Machine Interface (HMI), 2021-2031F |
6.2.8 Philippines Industrial Services Market Revenues & Volume, By Safety Systems, 2021-2031F |
6.2.9 Philippines Industrial Services Market Revenues & Volume, By Safety Systems, 2021-2031F |
7 Philippines Industrial Services Market Import-Export Trade Statistics |
7.1 Philippines Industrial Services Market Export to Major Countries |
7.2 Philippines Industrial Services Market Imports from Major Countries |
8 Philippines Industrial Services Market Key Performance Indicators |
9 Philippines Industrial Services Market - Opportunity Assessment |
9.1 Philippines Industrial Services Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Industrial Services Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Philippines Industrial Services Market - Competitive Landscape |
10.1 Philippines Industrial Services Market Revenue Share, By Companies, 2024 |
10.2 Philippines Industrial Services Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |