How Process Automation & Instrumentation Market Has Exploded: Opportunities & Challenges in Near Future with Key Players


Posted January 6, 2021 by lucasjohn

Process automation and instrumentation helps to optimize business outcomes by effectively monitoring and controlling production processes.

 
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

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Issued By Data Bridge Market Research
Country Singapore
Categories Technology
Last Updated January 6, 2021