Global Process Automation and Instrumentation Market

The growing demand for process automation and instrumentation is anticipated to grow at a healthy pace over the forecast era. Development in the global automation and instrumentation market depends on the increasing importance of regulatory enforcement in the process industries.

Another aspect that will stimulate the growth of this market in the coming years is the growing adoption of IoT across different sectors and the change in the manufacturing process from traditional to digital.

 The global process automation and instrumentation market demand is majorly fueled by the rising regulatory enforcement across the manufactured industries. Increased labor wages in the manufacturing sector are another trend that encourages the development of this industry. In addition, the growing demand for proactive solutions that can assess the loss at the part level has also spurred the growth of this industry in the coming years.

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The global process automation and instrumentation market size is projected to reach around USD 98.6 billion by 2028. In addition, it is projected to gather a CAGR of around 7.98% over the forecast years 2020-2028.

The desire to improve productivity across industries has pushed companies to adopt technology in order to obtain a strategic advantage over other rivals. The rise in the adoption of multi-vendor portable applications would be one of the main factors affecting the development of this market. In addition, the growing industrial automation rate of adoption by many end-user industries would stimulate the growth of this market in the coming years.

Furthermore, the rising demand for energy and infrastructure is projected to produce the fastest growth over the forecast era. The industry is helping to minimize pollution and is calling for greater production. High-risk work conditions that require special and adequate care result in needless human labor. Lower labor costs are also projected to play a positive role in supporting the global market for automation equipment over the forecast era. Increased labor costs have prompted companies to adopt technology with a view to raising their reliance on costly human labor and streamlining their production operations.

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The major players of the global process automation and instrumentation market are Siemens, Yokogawa, Endress+Hauser, Emerson, General Electric, ABB Ltd, HOLLYSYS, Schneider Electric, Honeywell, Mitsubishi Electric, Rockwell Automation. The process automation and instrumentation market comprises well established local as well as global players.

Segment Overview of Global Process Automation and Instrumentation Market

Instrument Overview, 2018-2028 (USD Billion)

Field Instrument
Control Valve
Analytical Instrument

Solution Overview, 2018-2028 (USD Billion)

Advanced Process Control (APC)
Distributed Control System (DCS)
Human Machine Interaction (HMI)
Manufacturing Execution System (MES)
Programmable Logic Controller (PLC)
Safety Automation
Supervisory Control and Data Acquisition (SCADA)

Industry Overview, 2018-2028 (USD Billion)

Oil and Gas
Food and Beverage
Pharmaceutical and Bio-pharma
Chemical and Petrochemical
Other

Regional Overview, 2018-2028 (USD Billion)  

North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America

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Who should buy this report?

This study is suitable for industry participants and stakeholders in the global process automation and instrumentation market. The report will benefit every stakeholder involved in the process automation and instrumentation market.
Managers within the process automation and instrumentation industry looking to publish recent and forecasted statistics about the global process automation and instrumentation market.
Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global process automation and instrumentation market.
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

Some Major Points from TOC:

Chapter 1    Introduction

            1.1    Introduction to the Study

            1.2    Market Definition and Scope

            1.3    Units, Currency, Conversions and Years Considered

            1.4    Key Stakeholders

            1.5    Key Questions Answered

Chapter 2    Research Methodology

            2.1    Introduction

            2.2    Data Capture Sources

                        2.2.1    Primary Sources

                        2.2.2    Secondary Sources

            2.3    Market Size Estimation

            2.4    Market Forecast

            2.5    Data Triangulation

            2.6    Assumptions and Limitations

Chapter 3    Executive Summary

Chapter 4    Market Outlook

Continue……

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