Press release
Process Automation Market Trends and Competitive Landscape Outlook By 2026
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12688
Some upcoming trends in process automation market are first is the integration of numerous wireless technologies such as Bluetooth, WLAN, VoIP to process automation. Second trend is that companies are sending their devices data directly to the cloud i.e. connecting industrial devices to the cloud. Another Trend is integration of big data analytics with automation. The latest industrial revolution named ‘Industry 4.0’ is the latest trend in the process automation market. The rising trend use of cooperative robots in process automation market.
The advantages of an automated industry has attracted the organizations which are running non-automated process industries. Such organizations are investing to upgrade their process plants which is a driving factor for the process automation market.
Process automation demand is growing due to technological innovations in the recent years. Energy efficient industries, cost efficient and less time to market concept is increasing the popularity of process automation among industry players and in turn aiding the process automation market.
Various factors affecting the non-automated factories and industries has led to the transformation of non-automate process industries to process automated industries. As major concern of industries now a days is to increase its sustainability in terms of energy cost and resource efficiency which is aiding the process automation market. The process automation provides better asset management and flexible manufacturing.
The wide application areas of process automation market is major driving factor. Rising government incentive scheme and rising labor charges is another factor driving the market.
The service market has emerged as the most prolific domain in churning out the market revenues for the process automation market, with an augmented segment of the end-users, preferring the maintenance and outsourcing services instead of the in-house purchase and the subsequent maintenance.
The developing nations are among the major potential market for process automation system where as most developed economies are experiencing less growth, when it comes to process automation, but are driven by the need to modernize in rapidly aging process automation infrastructure.
Manufacturers are finding ways that provide cost reductions, greater efficiency and improved productivity in process automation. To fulfill this underlying demand, suppliers continually make investments for product development and for greater market penetration.
The initial cost of switching to process automation is a restraint to the process automation market.
Process Automation Market: Segmentation
Process automation market is segmented on the basis of components, communication protocol, application and region.
On the basis of component, the global process automation market can be segmented into software, hardware and services. Hardware is sub-segmented into switches, controllers, input/output cards, human machine interface and I/O cards. Services market is further sub segmented into outsourcing, external engineering and asset management.
On the basis of communication, the global process automation market can be segmented into wireless protocol and wired protocol.
On the basis of application, the global process automation market can be segmented into water treatment plant, chemical manufacturing industry, paper industry, metals industry, pharmaceutical industries, food and beverage industry, oil & gas and automotive industry.
On the basis of region, the global process automation market can be segmented into seven regions which includes, North America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East and Africa (MEA), Latin America and Japan,
A TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/12688
Key players in global process automation market are, ABB Ltd., Emerson Electric Company, Danaher Corporation, Omron Corporation, Mitsubishi Electric Corp., Schneider Electric, Rockwell Automation, Siemens and Yokogawa Electric Corporation.
About Us
Persistence Market Research (PMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each PMR Syndicated Research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.
For information regarding permissions, contact:
Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
Tel: +1 800-961-0353
Email: sales@persistencemarketresearch.com
Website: http://www.persistencemarketresearch.com/
media@persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Process Automation Market Trends and Competitive Landscape Outlook By 2026 here
News-ID: 428127 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Process
Chlor-Alkali Chemical Market: Information by Manufacturing Process (Diaphragm Ce …
Chlor-alkali is a set of scientific procedures followed for manufacturing caustic soda, chlorine, and sodium-based derivatives. Other derivatives from this process include hydrogen gas, sodium hypochlorite, bleaching powder, hydrochloric acid, and chlorinated paraffin. These products are used in a myriad of industries, further driving the market growth.
Manufacturers of chemicals such as chlorine have been upgrading their manufacturing facilities to cater to the growing demand for chlorine and other allied products.…
PASS Process Advanced Service System Market Rising Growth With Keyplayer: Schenc …
A new Profession Intelligence Report released by Stats and Reports with the title Global PASS Process Advanced Service System Market "can grow into the most important market in the world that has played an important role in making progressive impacts on the global economy. Global PASS Process Advanced Service System Market Report presents a dynamic vision to conclude and research market size, market hope and competitive environment. The study is…
A fast and efficient service of process by One Source Process
United States 21-06-2019. One Source Process provides a fast, efficient and economical process service required by individuals and organizations. We have highly dedicated and professional process servers who know how best to handle your request for local or international process service. They ensure timely delivery of documents to the parties involved in any legal matter. With the help of our process servers, you can get peace of mind as you…
1,4 Butanediol Market Report 2018: Segmentation by Technology (Reppe process, Da …
Global 1,4 Butanediol market research report provides company profile for BASF SE (Germany), Dairen Chemicals (Taiwan), LyondellBasell Chemicals (The Netherlands), Shanxi Sanwei Group (China), International Specialty Products (U.S.), Invista (U.S.), Mitsubishi Chemicals (Japan) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Hire professional process servers for service of process
United States 21-07-2017. One Source Process is the leading and dedicated company offers highly professional, specialized and knowledgeable service of process. Process service can be needed by anyone who is involved in a legal matter and need to prepare legal documents. Basically, process service is about preparing legal documents, authenticating them, notarizing them and delivering them for court filling. Apart from this, delivering legal notices or documents to other parties…
Business Process Management Software – Process Control With Enhanced Productiv …
Awapal Solutions, an IT company, announced comprehensive BPM software services. These services will enable customers to automate business processes to improve efficiency and adapt to changing business environments. The company plans to extend BPM services to emerging industries. The use of big data, cloud, and mobile technologies have revolutionized businesses, and organizations are looking for new advancements that address growing business demands in a flexible manner. BPM software is relevant…
