Know what share Honeywell holds in global process Automation Market 2020

In this report, the global Process Automation market is valued at USD 9,300 million in 2020 and is expected to reach USD 46,104 million by the end of 2022, growing at a CAGR of 19.1% between 2022 and 2030. Process automation leads to the industrial automation market. Resource industries such as oil, gas, chemicals and mining are the largest end-user markets for process automation, accounting for almost half of the end-user market. Oil and gas are the industry's end-use segment, accounting for more than a quarter of the industry.
Strong demand for productivity through automation and advanced technology development during the forecast period is expected to drive the industry over the next five years.
The automation market is driven by operational efficiency, strong SMB growth, Internet of Things (IoT) and cloud-based automation preferences, and increasing demand for smart factories. Mass customization, supply chain synchronization, system integration, increased R & D and innovation in artificial intelligence, and advances in M2M communication technology are key growth drivers in the industry.

Global Process Automation market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
Schneider
Honeywell
Siemens
Emerson
ABB
General Electric
Mitsubishi
Rockwell Automation
Yokogawa Electric
Metso

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Transmitter
Flow Meters
Controllers
Vacuum Instruments
Analysers
Recorders
Switches

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On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Process Automation for each application, including

Power
Oil & Gas
Chemical
Metal & Mining
Food & Beverage
Pharmaceutical
Waste & Wastewater Treatment
Other

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This release was published on openPR.