Maximizing Efficiency & Minimizing Downtime

India’s Industrial Operation and Maintenance (O&M) Services market is witnessing a high growth with the advent of industrial expansion, infrastructure development and emphasis on efficiency and sustainability. With Indian industries ramping up their production capacities to cater to old as well as new demands, robust O&M services have become an essential need. It is anticipated to grow at a constant CAGR till 2028. There is one key driver of this growth, especially for the investment in certain sectors such as power, oil & gas, chemicals and manufacturing. With the push from the Indian government for Make in India and making massive investment in infrastructure projects, industries have been forced to become more efficient in terms of operational and ensure minimum downtime. The presence of this has increased the need for professional O&M services, particularly predictive maintenance, asset management and digital monitoring solutions.

Another remarkable aspect that is driving the O&M landscape is the rise of Industry 4.0 and digital transformation. As technologies of IoT, AI and machine learning are integrated in the processes of the industry such as predictive maintenance, decreasing the operational risks and increasing the productivity are possible. Third party O&M services are becoming popular among companies as they can take advantage of expertise and minimize costs while performing core activities. In addition, there are regulatory pressures regarding safety, and increasingly also environmental compliance, which have promoted stringent maintenance practices. Energy efficiency and sustainability are the driving force behind industries adopting a host of advanced O&M solutions to reduce energy consumption and carbon footprint.

In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner.

We welcome your feedbacks and suggestion that you may have concerning this special issue.