Process Instrumentation Market 2021 Disclosing Latest Trends and Advancement Outlook - Honeywell International Inc., Siemens AG, Omron Corporation, ABB Ltd.

The Process Instrumentation Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. This report also provides an analysis of the impact of the COVID-19 pandemic on Process Instrumentation Industry.

The process instrumentation market (henceforth, referred to as the market studied) is expected to register a CAGR of 3.35% over the forecast period, 2021 - 2026.

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Top Leading Companies of Process Instrumentation Market are Honeywell International Inc., Siemens AG, Omron Corporation, ABB Ltd., Rockwell Automation Inc., Mitsubishi Electric Corporation, Emerson Electric Company, Danaher Corporation, Metso Corporation, Yokogawa Electric Corporation, Endress+ Hauser AG and others.

Industry News and Updates:

- September 2019 - Siemens and Grundfos signed a digital partnership framework for their strategic cooperation between the two companies. The new partnership focuses on the complementary products and solutions provided by both parties in three main areas: water and wastewater applications, industrial automation, and building technology.

Key Market Trends:

Water and Wastewater Treatment is Expected to Witness the Highest Growth

- The current challenges of water availability and sustainability are largely attributed to an enormous increase in demand. However, the Environmental Protection Agency (EPA) claims that over one trillion gallons of water is wasted annually due to household leaks. It is not uncommon for drinking water distribution networks to experience losses greater than 50%.
- The use of instrumentation is becoming increasingly important in the water industry as it is not just used for monitoring purposes but control of processes too. With the advent of the smart water industry, there is a huge potential to use instrumentation and data-based control systems to make large efficiencies on both water and wastewater systems.
- The Water and Wastewater industry faces a huge pressure to deliver more for less due to population growth, climate change, and increasing quality demands of the natural environment versus the pressures to reduce carbon emissions for a less costly service. Companies are adopting process instrumentation to deliver these efficiencies.
- Moreover, the US Environmental Protection Agency (EPA) has accelerated investment in the nation's aging water infrastructure. The EPA has issued seven WIFIA loans to help finance over USD 4 billion, in water infrastructure projects which is likely to propel the growth of process instrumentation market in the industry.

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Process Instrumentation Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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