Process Automation & Instrumentation Global Market 2019-2024 covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. Global Process Automation & Instrumentation Market report provides strategists, marketers and senior management with the critical information they need to assess the global Process Automation & Instrumentation sector.
The market size section gives the Process Automation & Instrumentation market revenues, covering both the historic growth of the market and forecasting the future.
About Process Automation & Instrumentation Industry
Process Automation & Instrumentation market size will grow from USD 62.36 Billion in 2017 to USD 88.46 Billion by 2023, at an estimated CAGR of 6%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The market growth can be attributed to the rising emphasis on regulatory compliance in process industries, increasing adoption of IoT across various industries, shift in production approach from conventional practices to digitalized methods, growing labor wages in major manufacturing hubs, and rising demand for proactive solutions that can determine failures at component level, among others. Based on instrument, the process automation & instrumentation market has been segmented into field instrument, control valve, and analyzer. Field instruments are likely to hold the largest share of the process automation & instrumentation market in 2018. Field instruments assist in managing plant assets, enhancing plant safety, and optimizing overall production processes through data acquisition, control, and measurement. These instruments play a pivotal role in the measurement and control of process parameters in process industries. Market players are focusing on developing new products to cater to the growing demand for these instruments from process industries.
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The overviews, SWOT analysis and strategies of each vendor in the Process Automation & Instrumentation market provide understanding about the market forces and how those can be exploited to create future opportunities.
Key Players in this Process Automation & Instrumentation market are:–
ABB Ltd. , Emerson Electric Co. , Honeywell International Inc. , Siemens AG , Rockwell Automation, Inc. , General Electric Co. , Metso Corporation , Mitsubishi Electric Corporation , Schneider Electric Se , Yokogawa Electric Corporation , Beckhoff Automation GmbH & Co., Kg, Hollysys Automation Technologies Ltd., Intech Process Automation Inc., , ,
Process Automation , Process Instrumentation, , ,
Field Instrument , Control Valve , Analyzer , ,
By Communication Protocol
Wired Communication Protocol , Wireless Communication Protocol, , ,
Programmable Logic Controller (PLC) , Distributed Control System (DCS) , Supervisory Control and Data Acquisition (SCADA) , Human Machine Interface (HMI) , Safety Automation
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This research report consists of the world’s crucial region market share, size (volume), trends including the product profit, price, Value, production, capacity, capability utilization, supply, and demand and industry growth rate.
Geographically this report covers all the major manufacturers from India, China, USA, UK, and Japan. The present, past and forecast overview of Process Automation & Instrumentation market is represented in this report.
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Key market insights include:
1. The analysis of Process Automation & Instrumentation market provides market size and growth rate for the forecast period 2019-2024.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the Process Automation & Instrumentation market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of Process Automation & Instrumentation market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.
In this study, the years considered to estimate the market size of Process Automation & Instrumentation Market are as follows:-
- History Year: 2013-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2024
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No Of Pages in Process Automation & Instrumentation Market Report: NOP
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