Wiseguyreports.Com Adds “Process Automation and Instrumentation -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database
Global Process Automation and Instrumentation market is expected to grow from $60.12 billion in 2017 to reach $105.94 billion by 2026 with a CAGR of 6.5%. Increased adoption of process automation and instrumentation products across industries, rising oil and refineries industry, shifting production approach from conventional practices to digitalized methods, adoption of multivendor portable applications, growing regulatory compliances in process industries, increased usage and application of MES, PLC, SCADA, and DCS, in process industries, rising adoption of IoT across industries and increasing labor wages in major manufacturing hubs are some of the major factors boosting the market growth. On the other hand, high instrument failure rates, high implementation and maintenance costs are the restraints limiting the market growth.
By instrument, control valves segment is expected to witness higher CAGR during the forecast period due to its significance in control loop. Distributed control system (DCS) segment was the dominant solution in process automation and instrumentation market as these systems are widely used in process industries as an extension of conventional controllers. Distributed control system (DCS) solutions are widely used in oil & gas, energy & power, packaging, automotive, pharmaceutical, chemical, food and beverages, and pulp and paper industries.
In 2017, the oil and gas industry dominated the Process Automation and Instrumentation market as there is always huge demand for safety and reliability from exploration through delivery. Whereas, the market share of the energy & power segment is estimated to improve significantly over forecast period due to growing need for cleaner and smarter energy and high demand for non-renewable sources of energy production.
North America accounted for the largest share in global process automation and instrumentation market followed by Europe. The dominance of this region is due to increased industrial automation adoption rates in various end-user industries such as oil & gas, chemicals, petrochemicals and pharmaceuticals. Asia Pacific is expected to witness high growth during the forecast period due to rapid industrialization. Emerging economies such as India and China, on the other hand, are expected to witness rapid penetration in process automation & instrumentation market, owing to the favorable government policies and increasing investments in energy & power sector.
Some of the prominent Process Automation and Instrumentation industry participants include ABB Ltd., Agilent Technologies, Inc., Beckhoff Automation GmbH & Co., Kg, Bosch Group, Danaher Corp, Emerson Electric Co., General Electric Co., Hollysys Automation Technologies Ltd., Honeywell International Inc., Intech Process Automation Inc., Key Innovators, Metso Corporation, Mitsubishi Electric Corporation, Omron, Rockwell Automation, Inc., Schneider Electric Se, Siemens AG, Texas Instruments, Thermo Fisher Scientific Inc. and Yokogawa Electric Corporation.
Types of Processes Covered:
• Process Automation
• Process Instrumentation
• Control Valve
• Advanced Process Control (APC)
• Distributed Control System (DCS)
• Human Machine Interface (HMI)
• Manufacturing Execution System (MES)
• Programmable Logic Controller (PLC)
• Supervisory Control and Data Acquisition (SCADA)
• Safety Automation
Communication Protocols Covered:
• Wireless Communication Protocol
• Wired Communication Protocol
• Oil & Gas
• Food & Beverages
• Water & Wastewater
• Metals & Mining
• Energy & Power
• Pulp & Paper
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
Table of Content
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.5 Other Key Strategies
12 Company Profiling
12.1 ABB Ltd.
12.2 Agilent Technologies, Inc.
12.3 Beckhoff Automation GmbH & Co., Kg
12.4 Bosch Group
12.5 Danaher Corp
12.6 Emerson Electric Co.
12.7 General Electric Co.
12.8 Hollysys Automation Technologies Ltd.
12.9 Honeywell International Inc.
12.10 Intech Process Automation Inc.
12.11 Key Innovators
12.12 Metso Corporation
12.13 Mitsubishi Electric Corporation
12.15 Rockwell Automation, Inc.
12.16 Schneider Electric Se
12.17 Siemens AG
12.18 Texas Instruments
12.19 Thermo Fisher Scientific Inc.
12.20 Yokogawa Electric Corporation
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