Process Automation & Instrumentation Market to Witness Growth Acceleration during the forecast period 2018 to 2027 | Industry players- ABB, Honeywell, General Electric, Emerson, Yokogawa Electric Corporation, Siemens AG, Schneider Electric, Hollysys, Mits

Process automation involves using the software, hardware, and computing technology to allow industries such as cement, oil & gas, and others to operate more securely and efficiently.

According to Publisher, the Global Process Automation & Instrumentation market is accounted for $67.37 billion in 2018 and is expected to reach $134.67 billion by 2027 growing at a CAGR of 8.0% during the forecast period. The growth in adoption of IoT technology across various industrial domains, increasingly strict regulation and compliance in process industries, and minimization of operating cost are the major factors driving the market growth. However, the likelihood of instrument breakage is restraining the market growth.

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Some of the key players profiled in the Process Automation & Instrumentation Market include ABB, Honeywell, General Electric, Emerson, Yokogawa Electric Corporation, Siemens AG, Schneider Electric, Hollysys, Mitsubishi Electric Corporation, Rockwell Automation, Metso Corporation, Endress+Hauser, OMRON Corporation, and Danaher Corporation.

Based on the solution, the Manufacturing Execution System (MES) segment is likely to have a huge demand as it gives cost-adequacy and openings in tasks, and help convey elite of creation resources over the production network. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the increasing investments in infrastructure as well as in the energy & power sector.

Components Covered:
- Software
- Hardware
- Services

Products Covered:
- Process Automation
- Process Instrumentation

Solutions Covered:
- Distributed Control System (DCS)
- Human Machine Interface (HMI)
- Supervisory Control and Data Acquisition (SCADA)
- Manufacturing Execution System (MES)
- Advanced Process Control (APC)
- Programmable Logic Controller (PLC)
- Safety Automation
- Other Solutions

Instruments Covered:
- Control Valve
- Analytical Instrument
- Field Instrument
- Communication
- Recorders
- Flow Meters
- Vacuum Instruments

End Users Covered:
- Energy & Utilities
- Power
- Metals & Mining
- Chemicals
- Food & Beverages
- Pharmaceuticals
- Oil & Gas
- Manufacturing
- Water & Wastewater
- Other End Users

What our report offers:

- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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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 & Instrumentation Market, By Component
6 Global Process Automation & Instrumentation Market, By Type
7 Global Process Automation & Instrumentation Market, By Solution
 
8 Global Process Automation & Instrumentation Market, By Instrument
9 Global Process Automation & Instrumentation Market, By End User
10 Global Process Automation & Instrumentation Market, By Geography
11 Key Developments
12 Company Profiling

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This release was published on openPR.