Market Highlights
The Global Process Automation and Instrumentation Market Report 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
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”.
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/5511
Key Players
Some of the prominent players in the global process automation & instrumentation market are 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 reg
Get Complete Report @ https://www.marketresearchfuture.com/reports/process-automation-instrumentation-market-5511
Read More Reports by MRFR:
*If you have any special requirements, please let us know and we will offer you the report as you want.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
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.
