Process automation and instrumentation helps to optimize business outcomes by effectively monitoring and controlling production processes. Process automation involves using computer technology and software engineering. This helps to power plants and factories in industries as diverse as paper, mining and cement operate more efficiently and safely.
Global Process Automation & Instrumentation Market is expected to rise from its initial estimated value of USD 68.70 billion in 2018 to an estimated value of USD 112.00 billion by 2026, registering a CAGR of 6.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the benefits associated with increasing focus to improve production efficiency and optimize operating costs
Market Drivers and Restraints:
There is high demand for adoption of iot across various industries is expected to act as a driver to the market growth
There is high demand to increase focus on production efficiency and optimize operating costs is expected to act as a driver to the market growth
Growing demand for proactive solutions that determine failures at component level is expected to act as a driver to the market growth.
Significant start-up capital required for implementation and maintenance of process automation and instrumentation systems is expected to act as a restraint to the market growth.
Reluctance of small and medium-sized enterprises (SME) to adopt process automation and instrumentation solutions is expected to act as a restraint to the market growth.
The major players covered in the Process Automation & Instrumentation Market
Few of the major competitors currently working in process automation & instrumentation market are. ABB (Switzerland), Emerson Electric Co. (US), GENERAL ELECTRIC. (US), Honeywell International, Inc. (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric (France), Siemens (Germany), Yokogawa Electric Corporation (Japan), Metso Corporation (Finland), Beckhoff (Germany), Carlo Gavazzi Holding AG (Switzerland), Delta Electronics, Inc. (Taiwan), Emerson Electric Co. (US), Endress+Hauser Management AG (Switzerland), Hollysys Automation Technologies Ltd., Inc. (China), Idec Corporation ( Japan)
Major TOC Of The Report
Chapter One: Process Automation & Instrumentation Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Process Automation & Instrumentation MarketCompetition, by Players
Chapter Four: Global Process Automation & Instrumentation Market Size by Regions
Chapter Five: North America Process Automation & Instrumentation Market Revenue by Countries
Chapter Six: Europe Process Automation & Instrumentation Market Revenue by Countries
Chapter Seven: Asia-Pacific Process Automation & Instrumentation Market Revenue by Countries
Chapter Eight: South America Process Automation & Instrumentation Market Revenue by Countries
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Process Automation & Instrumentation Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Process Automation & Instrumentation Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Process Automation & Instrumentation Market
A roadmap of growth opportunities available in the global Process Automation & Instrumentation Market with the identification of key factors
The exhaustive analysis of various trends of the global Process Automation & Instrumentation Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Process Automation & Instrumentation Market?
What will the Process Automation & Instrumentation Market Demand and what will be Growth?
What are the latest opportunities for Process Automation & Instrumentation Market in the future?
What are the strengths of the key players?
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email:
[email protected]