Industrial Control for Process Automation Market Emerging Business Trends and Investment Research Report 2021-2026

The Industrial Control for 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 Industrial Control for 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 Industrial Control for Process Automation market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Industrial Control for Process Automation market.

The industrial control for process automation market is expected to grow at a CAGR of 8.5% over the forecast period 2021 - 2026. 

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Top Leading Companies of Industrial Control for Process Automation Market are - Schneider Electric SE, Siemens AG, ABB Limited, Emerson Electric Co., Omron Corporation, Rockwell Automation Inc., Honeywell International Inc., Yokogawa Electric Corporation, GLC Controls Inc., Mitsubishi Electric Corporation and others.

Industry News and Updates:

- June 2019 - Honeywell unveiled Experion PKS Highly Integrated Virtual Environment (HIVE), a fundamentally new approach to engineering and maintaining industrial control systems. This is an evolution of the company’s flagship Experion Process Knowledge System (PKS). Experion PKS HIVE uses Honeywell's LEAP project execution principles, software and networking to unchain control applications from physical equipment and controllers from physical IO. This enables control systems to be engineered and implemented in less time, at lower cost and risk, and with simpler, modular builds.

- June 2019 - Schneider Electric, opened its first smart factory in Mexico, a showcase for customers and partners to witness how digital transformation can help them make informed, data-driven decisions that bring about improved profitability, asset management performance, operational efficiency and a smarter productive workforce while keeping the operations secure, agile and environmentally sustainable.

Key Market Trends:

Paper and Pulp Segment is Expected to Register a Significant Growth

- 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. The paper and related products have seen an increase in the past five years and the demand is expected to show similar trends with the increase in demand from Asian, North American, and European regions over the forecast period. All these regions are expected to further drive the demand in the paper and pulp industry for increased process adoption.

Asia-Pacific to be the Fastest Growing Market

- Due to the increasing adoption of the automation technologies and technological innovation in various industries, APAC is expected to hold the highest market share in the industrial control for the process automation market.
- Industrial control systems in developed regions like Europe and North America have reached the saturation point, owing to the early adoption of technological innovations. Hence, the most robust growth opportunity lies in emerging economies, such as the Asian countries.

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:
- Industrial Control for Process Automation Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Industrial Control for Process Automation Market (%),2016 - 2026
- Industrial Control for Process Automation Market Share, By Brand
- Industrial Control for Process Automation Market Share, By Company
- Industrial Control for Process Automation Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Industrial Control for Process Automation Market Value Analysis & Forecast
- Promising Industrial Control for Process Automation Development by Major Companies
- Detailed Industrial Control for Process Automation Portfolio of the Major Companies
- Major Deals in the Industrial Control for Process Automation Market
- Major Companies Analysis

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