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Process Automation & Instrumentation Market Growth, Type, Size, Share 2019: By Emerson Electric Co., GENERAL ELECTRIC, Honeywell International, Inc., Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens, Metso Corporatio
Process Automation & Instrumentation Market
Global Process Automation & Instrumentation Market report is one of the most significant, unique, and creditable market research reports formed by focusing on specific business prerequisites. The report has been generated by strictly following commitments and deadlines to deliver the finest market report. Also, Process Automation & Instrumentation Market report acts as a great source of notable data, present market trends, future events, market environment, technological innovation, imminent technologies and the technical development in the related industry. This market report also offers insights into revenue generation and sustainability initiative. A team of industry experts, brilliant researchers, innovative forecasters and knowledgeable analysts work with full devotion to provide clients with the qualitative market research.
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.
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Major Market Competitors/Players
• 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),
• Inductive Automation(US),
• Intech Process Automation Inc. (US),
• Maple Systems, Inc. (US),
• Pepperl+Fuchs GmbH (Germany),
• Process Automation Solutions GmbH (Germany),
• R. Stahl Ag (Germany),
• Robert Bosch GmbH (Germany),
• Rockwell Automation, Inc., (US),
• Hans Turck GmbH & Co. KG (US),
• WAGO Kontakttechnik GmbH & Co. KG (US) and other.
Market Definition:
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.
Market Drivers:
• 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.
• Shift in production approach from conventional practices to digitalized methods farms is also a market driver.
Market Restraints:
• 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.
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Segmentation:
By Type
• Process Automation
• Process Instrumentation
By Instrument
• Field Instrument
o Pressure
o Temperature
o Level
o Humidity
• Control Valve
o Valve Body
o Actuator
o Others
Positioner
Converter I/P
o Analyzer
Ph Analyzer
Conductivity Analyzer
Gas Chromatograph
Liquid Chromatograph
By Communication Protocol
• Wired Communication Protocol
• Wireless Communication Protocol
By Solution
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Supervisory Control and Data Acquisition (SCADA)
• Human Machine Interface (HMI)
• Safety Automation
o Emergency Shutdown System (Esd)
o Fire and Gas Monitoring & Control
o High Integrity Pressure Protection System (HIPPS)
o Burner Management System (BMS)
o Turbomachinery Control (TMC)
• Advanced Process Control (APC)
• Manufacturing Execution System (MES)
By End-User Industry
• Chemicals
• Energy & Power
• Food & Beverages
• Metals & Mining
• Oil & Gas
• Pharmaceuticals
• Pulp & Paper
• Water & Wastewater
• Others
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
Key Developments in the Market:
In March 2019, Virtusa Corporation won first place in Virtual Robotic Process Automation (RPA) At virtual Robotic Process Automation (RPA) Conference Virtusa Corporation is an American information technology services.
In April 2019, 4th Annual Machine Learning in Oil and Gas conference held in US. This conference focuses on the different ways that IT providers and various service companies are collaborating to implement software solutions, to extract value from the vast amounts of untapped data that the industry has accumulated. By this conference corporations are focusing their self to bring an era of intelligence.
Competitive Analysis
Global process automation & instrumentation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of process automation & instrumentation market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved
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Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
About Data Bridge Market Research:
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. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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