Process Automation Market Report 2018-2023: Growth Rate, Market Analysis, Future Trends, Forecast

Process Automation market report categorizes the global and regional Process Automation market segment by region, type, and applications. Process Automation market report studies market insights, suppliers, buyers, threats of new entrants and substitute products. Also, Process Automation market includes the various market dynamics like drivers, restraints, and opportunities globally. The research report involved the various affecting factors like market share, competitive intelligence, and growth opportunity.
Process Automation market is expected to grow at 7.16% CAGR during the forecast year 2018-2023.

A process automation or automation system (PAS) is used to automatically control a process such as chemical, oil refineries, paper and pulp factories. The PAS often uses a network to interconnect sensors, controllers, operator terminals and actuators. A PAS is often based on open standards in contrast to a DCS (distributed control system), which is traditionally proprietary. However, in recent times the PAS is considered to be more associated with SCADA systems. Process automation involves using computer technology and software engineering to help power plants and factories in industries as diverse as paper, mining and cement operate more efficiently and safely.
The rising need to achieve lesser time to market and process optimization in the industrial operations coupled with government initiatives to adopt automation has been instrumental in driving the process automation market across the globe. However, the lack of skilled workforce is expected to hinder the growth of the market.

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Top Leading Key Players are ABB Ltd., Dassault Systems, Eaton Corporation, Emerson Electric Co., Honeywell International, Inc., Johnson Controls, Inc., Mitsubishi Corporation, Robert Bosch GmBH, Rockwell Automation, Inc., Schneider Electric SE, Siemens Corporation, Texas Instruments, Inc., Yokogawa Electric Corporation..

Key Developments in the Process Automation Market:
• November 2017: Rockwell Automation announced its investment in The Hive, a Silicon Valley innovation fund and co-creation studio, to gain access to an ecosystem of innovators and technology start-ups with a focus on applications of artificial intelligence (AI) to industrial automation.
• November 2017: Schneider Electric launched a new service designed to help industrial manufacturers modernize their PLC systems safely. By reducing downtime and disruption to the operation, the service may provide an easier migration to the company’s Modicon M580 programmable automation controllers.
• October 2017: Mitsubishi Electric announced that it would launch its newest MELSEC iQ-R Series general-purpose programmable controller, the IEC 61508 SIL 2-compliant redundant programmable controller paired with a redundant-function SIL2 CPU set for high performance and extra reliability.
• September 2017: Dassault Systems acquired Exa Corporation, a global innovator in simulation software for product engineering. This acquisition strengthens the company's Simulation Portfolio with next-generation fluid dynamics capabilities on the 3DEXPERIENCE Platform.

Process Automation Market Dynamics
• Drivers
- Increased Focus on Developing Manufacturing Economies
• Restraints
- Lack of Skilled Workforce

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On the basis of market size, growth and forecast Process Automation market covers the following regions:
US, Canada, UK, Germany, France, China, India, Japan
Process Automation Market Report Covers the Following Points in TOC:
• Provide a detailed overview of the company profile.
• Process Automation market insight by analysis, five forces model, buyers, suppliers, threats of new entrants.
• Detailed study of market dynamics, drivers, opportunities and threats.
• Process Automation market segment by types, applications, regions, and end users.
• Process Automation market study includes the market size, share, growth rate, and forecast.
• Gives a detailed study of regional analysis of the market.
• Provide company’s services, products, and recent developments.
Why Purchase Process Automation Market Report:
• To Analyze the various market perspectives during the forecast year 2018-2023.
• Identify the top competitors, latest developments, upcoming strategies by Process Automation market players.
• Identify the market approach, research methodology and market dynamics of Process Automation market.
• Identify the market size, share and competitive intelligence of Process Automation market
• Identify the Process Automation market segment by types, end-users, and regions.
• To analyze the market investments and future market trends of Process Automation market.

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