Press release
Global Automation Instrumentation Market to Reach USD 89.32 Billion by 2028, By Skyquest Technology
A significant driver of the expansion of the global automation and instrumentation market is the necessity of regulatory compliance in the process industries. The increased adoption of IoT across numerous industries and the transition from analog to digital production processes are two additional factors encouraging the growth of this market in the future years. The process automation and instrumentation industry will likely be dominated by Field instruments on a global basis because the device is crucial for process industries' control over process parameters. The rising cost of labor in several industrial applications, including the manufacturing industry among others, is projected to be advantageous for the automation instrumentation market. Manufacturers provide clients with customized automation systems at cheap prices.
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Read Market Research Report, "Global Automation Instrumentation Market by Instrument (Field Instruments, Control Valves, Leakage Detection System, Flow Computer, Communication), Application (Oil and Gas, Food and Beverages, Pharmaceuticals, Others), Region -Forecast and Analysis 2022-2028" by SkyQuest
In large production facilities, repetitive and complex tasks are frequently performed, which increases the risk of accidents and injuries. As oil and gas mining poses the greatest risks to the lives of miners, installing safety and security equipment, for example, will help to conduct an operation in a safe environment. Process automation and instrumentation also offer the potential for protection against assault, mishaps, and other unanticipated events in the public sphere.
Global automation instrumentation market segmentation is done on the basis of instrument such as field instruments, control valves, leakage detection systems, flow computer, and communication. Among these, the market share leader was the field instruments segment. Field instruments assist in managing plant assets, enhancing plant safety, and maximizing overall production operations through data collection, control, and measurement. It is essential to gather crucial information about crucial parameters, such as temperature, pressure, and level, in order to monitor and regulate operations quickly, easily, securely, and correctly and to achieve maximum productivity. These tools are essential for managing and monitoring process parameters in the process industries.
According to the distribution channel for the automation instrumentation market, the oil and gas category had the largest market share. Businesses in the oil and gas sector are increasingly utilizing automation technologies to improve decision-making, address problems, and increase the efficacy and efficiency of oil and gas exploration efforts. Automation has a significant impact on a number of important aspects of the oil and gas industry, including drilling operations, diagnostics and inspections, pipeline monitoring systems, weather monitoring systems, and pressure and flow systems. Drilling is one of the major sectors that needs automation because it is expensive and poses a big risk to worker safety.
Among the regions, the automation instrumentation market share is anticipated to be dominated by North America. The region's market is expanding because of the well-developed infrastructure, the presence of advanced automation, and the presence of facilities for research and development. The second-largest market share was held by Europe. Industrial automation systems have been widely used in European nations, which have also benefited from ongoing government support. For instance, the UK government stated that starting in 2020, GBP 2 billion will be invested annually in new technological research and development. Automation has been laying the groundwork for smart manufacturing and the Industrial Internet of Things for years (IIot).
Key companies profiled
• ABB (Switzerland)
• Yokogawa India Ltd. (Japan)
• Baker Hughes Company (US)
• BP plc (UK)
• SIGIT (Oman)
• Emerson Electric Co. (US)
• Mitsubishi Electric Corporation (Japan)
• Schneider Electric (France)
• Endress+Hauser Group Services AG (US)
• Schlumberger Limited (US)
• Halliburton (US)
• Rockwell Automation, Inc. (US)
• Honeywell International Inc. (US)
• INTECH (US)
• OMRON Corporation (Japan)
• Oil India Limited (India)
• Branom Instrument Co. (US)
• Eaton (Ireland)
• Siemens (US)
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.
Speak with our analyst for more information:
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What does this Report Deliver?
• Market Estimation for 20+ Countries
• Automation Instrumentation Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Automation Instrumentation Market Trends
• Comprehensive Mapping of Automation Instrumentation Industry Parameters
• Attractive Investment Proposition in the Global Automation Instrumentation Industry
• Competitive Strategies Adopted by Automation Instrumentation Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Automation Instrumentation Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Automation Instrumentation market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Automation Instrumentation Market Sales
• Parent market analysis
• Product portfolio benchmarking
SkyQuest has segmented the Global Automation Instrumentation Market based on Instrument, Application, and Region:
● Global Automation Instrumentation Market by Instrument (Revenue, USD billion, 2022 - 2028)
o Field Instruments
o Control Valves
o Leakage Detection System
o Flow Computer
o Communication
● Global Automation Instrumentation Market by Application (Revenue, USD billion, 2022 - 2028)
o Oil and Gas
o Food and Beverages
o Pharmaceuticals
● Global Automation Instrumentation Market By Region (Revenue, USD billion, 2022 - 2028)
o North America
▪ U.S.
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA
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SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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