Industrial Services: The services, which help industry plants not only to improve productivity and working efficiency but also to reduce downtime and maintenance cost. Industrial services are engineering and consulting, installation and commissioning, and operational improvement and maintenance. The services are provided by either OEMs or third party vendors. The services are provided to applications such as valves and actuators, electric motors and drives, DCS, SCADA, PLC, safety systems, HMI, and MES. "
Visionary leaders are the leading market players in terms of product portfolio, geographic reach, innovative technologies, and adoption of growth strategies. The SWIR market is moderately dominated by the players covering a major share of the market. These players have a broad product portfolio that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.
Dynamic differentiators are established vendors with very strong business strategies. However, they have a limited service portfolio, compared to visionary leaders. They focus on a specific type of technology related to the service.
Innovators demonstrate substantial service innovations compared with their competitors. They may have a strong service portfolio. However, they have limited growth strategies for their overall business.
Emerging companies have niche service offerings and are starting to gain their position in the market. They have limited business strategies compared with the other established vendors.