Market Highlights
The global process automation & instrumentation market is projected to witness a rapid growth during the forecast period. The growing demand for process automation & instrumentation among industries helps in optimizing the operating cost and improvise production efficiency
The global process automation & instrumentation market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the process automation & instrumentation market in North America is expected to witness a significant growth and hold the largest market share during the forecast period. New York is anticipated to drive the growth of the Process Automation & Instrumentation Market owing to the presence of a large number of established key players such as ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.). The adoption of advance instrument across industry domains is further aiding the market growth.
Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the presence of oil and chemical factories, the presence of emerging economies, and technological advancement in process automation & instrumentation.
The global process automation & instrumentation market is projected to reach USD 72 billion at a CAGR of over 6% by the end of the forecast period 2017-2023.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Process Automation & Instrumentation market Research Report-Forecast to 2023”.
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Key Players:
Some of the prominent players in the global process automation & instrumentation market: ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), and Metso Corporation (Finland).
Process Automation & Instrumentation Market Segmentation
The global process automation & instrumentation market is segmented by instrument, solution, and end-user. The instrument segment consists of field instrument, control valve, and analyzer. Field instrument segment is further sub-segmented into pressure, temperature, level, and humidity. The control valve segment consists of valve body, actuator, and others. The analyzer consists of pH analyzer, conductivity analyzer, gas chromatograph, and liquid chromatograph. The solution segment consists of APC, DCS, HMI, MES, PLC, safety automation & SCADA. The end-user segment consists of chemicals, energy & power, food & beverages, metals & mining, oil & gas, pharmaceuticals, pulp & paper, water & wastewater, and others.
Market Research Analysis
North America is estimated to account for highest position in the process automation & instrumentation market, whereas Asia Pacific market is projected to be the fastest growing during the forecast period. The North American market is witnessing rapid growth due to technological advancements and increasing demand for cutting-edge instrument across different industry verticals in this region. The U.S. holds a majority of the market share both in terms of revenue as well as the adoption of advance solutions.
Intended Audience
- Technology Investors
- Research/Consultancy firms
- Original Instrument Manufacturers
- Associations, organizations, forums, and alliances
- Process automation & instrumentation manufacturers
- End users of process industries
- Automation consultants
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Process Automation & Instrumentation Market
5 Industry Overview Of Global Process Automation & Instrumentation Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
Continued…
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Market ScenarioProcess Automation & Instrumentation (SDP) simulates the process of human thoughts into a computerized model.
This is a self-learning technology which uses the gestures, patterns recognition, data mining, and Natural Language Processing (NLP) to act like a human brain.
Industries are using Process Automation & Instrumentation with big data analytics to get the better and accurate output.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5511Technology giants such ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.).
ABB Ltd., a prominent player in process automation and instrumentation market, manufactures DCS products, solutions, and services for continuous or batch process industries, infrastructure, energy, and utilities and deliver service in collaborative control rooms.
It simplified sourcing, avoided integration headaches, provided clear lines of communication and accountability, and enabled Emerson’s automation expertise and their project management experience, tools, and resources.The major factors driving the growth of the Process Automation & Instrumentation Market is the increase in adoption of IoT technology across various industrial domains, growing strict regulation and compliance in process industries and to improvise production efficiency and minimize operating cost.
However, aspects such as the failure rate of the instrument, the vulnerability of instrument breakage are high during critical working condition and uncertainty of breakdown.The global process automation & instrumentation market is expected to grow at a CAGR of approximately 6% during the forecast period 2017-2023.Regional Analysis:The global process automation & instrumentation market is studied in Asia Pacific, North America, Europe, and Rest of the World.
