Process Automation Market 2021 Disclosing Latest Trends and Advancement Outlook 2026

The Process Automation Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Process Automation market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Process Automation market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Process Automation market.

“The global process automation market was estimated at USD 80.84 billion in 2019, and it is estimated to reach USD 102.38 billion by 2025. The market is expected to witness a CAGR of 5.10% over the forecast period (2020-2025).”

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Top Leading Companies of Process Automation Market are ABB Ltd, Dassault Systemes SE, Eaton Corporation PLC_, Emerson Electric Co., Honeywell International Inc., Johnson Controls International PLC _, Mitsubishi Electric Corporation, Bosch Rexroth AG (Robert Bosch GmBH)_, Rockwell Automation, Inc., Schneider Electric SE, Siemens Corporation, Texas Instruments Inc., Yokogawa Electric Corporation and others.

Industry News and Updates:

- April 2020 - Power management company Eaton announced that it completed the acquisition of Power Distribution, Inc. Power distribution is a prominent supplier of mission-critical power distribution, static switching, and power monitoring equipment and services for data centers, industrial and commercial customers.

- February 2020 - Power management company Eaton announced that it completed the acquisition of Power Distribution, Inc. Power distribution is a prominent supplier of mission-critical power distribution, static switching, and power monitoring equipment and services for data centers, industrial and commercial customers.

Key Market Trends:

Paper and Pulp Segment is Expected to Register a Significant Growth

- The pulp and paper industry comprises a large and major portion of the global economy. Pulp and paper is a key industry with numerous processes necessary for the final product production, and paper products are among the major export commodities in many countries. _

- The numerous processes in the paper and pulp industry require the raw materials pass through a lot of process with close monitoring of temperature and chemical content and the process automation allows to achieve the same from one location through the process automation.

- Moreover, according to FAO, in 2018, the global production capacity of paper and paperboard amounted to around 267.36 million metric tons and is expected to reach 278.24 million by 2023. Such growth in the production capacity is expected to create scope for the market. Today’s pulp and paper mills operate under constant pressure to reduce production costs and increase yields. Hence, many operators are moving to DCS for increased production and improved yields.

- The growing adoption of DCS is driving the market’s growth positively. For instance, in April 2020, Valmet would supply a complete mill-wide Valmet DNA DCS to JK Paper Limited for their board project at Fort Songadh Mill (India). JK Paper adopted Valmet’s automation system based on good references in technology, service support, and low ownership costs.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Process Automation Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Process Automation Market (%),2016 - 2026
- Process Automation Market Share, By Brand
- Process Automation Market Share, By Company
- Process Automation Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Process Automation Market Value Analysis & Forecast
- Promising Process Automation Development by Major Companies
- Detailed Process Automation Portfolio of the Major Companies
- Major Deals in the Process Automation Market
- Major Companies Analysis

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