Press release
Process Automation Market is expected to register a CAGR close to 9.4% during 2019-2026 | Siemens AG, ABB, Honeywell, Schneider Electric, Danaher, Mitsubishi Electric, Emerson Electric
Process Automation Market
Overview of the Global Process Automation Market:
The report spread across 130 pages is an overview of the Global Process Automation Market. These report study based on the Process Automation Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.
The Global Process Automation Market is expected to grow at a CAGR of 9.4% during the forecast period (2019 - 2026). Improved focus on manufacturing in developing economies, technological innovations and growing adoption of robotics are some of the factors fueling the market growth. However, shortage of skilled workforce and security concerns are hindering the market.
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Process automation industries have been into continuation for a long time. The advance in automation systems has taken the process industries to a next level in terms of time management, production quality, energy efficiency and optimization of process. It generally follows five layered architecture in which I/O systems is at lowest level then PLC then SCADA followed by MES and ERP respectively. These five layers together form process automation.
On the basis of end user, paper and pulp industry has significant growth during the forecast period due to it required high utilization of raw material during a lot of process with close monitoring of temperature and chemical content and the process automation allows achieving the same from one location through the process automation. Regional analysis, North America has the largest market share during the forecast period owing to the major developments surrounding the emerging technologies.
This comprehensive Process Automation Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Major Key Players:
1 Siemens AG
2 ABB Ltd
3 Honeywell International Inc
4 Schneider Electric
5 Danaher Corporation
6 Mitsubishi Electric Corporation
7 Emerson Electric Co
8 Ametek Inc
9 Rockwell Automation
10 Teledyne Technologies Inc and More………………
Market Segment by Valves, Actuators and Positioners:
1 Actuators
2 Valves
3 Positioners
Market Segment by Communication Protocols:
1 Wireless Protocol
2 Wired Protocol
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Table of Contents:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Process Automation Market, By Organization Size
6 Global Process Automation Market, By Deployment Type
7 Global Process Automation Market, By Component
8 Global Process Automation Market, By End User
9 Global Process Automation Market, By Geography
10 Key Developments
11 Company Profiling
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We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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