Process Automation And Instrumentation Global Market 2022 Size, Share, Growth, Industry Trends | ABB Limited, Danaher Corporation, Emerson Electric Company, General Electric, Schneider Electric SE

The global process automation and instrumentation market report by the business research company identifies the rising adoption of big data and other related technologies is expected to drive the growth of the process automation and instrumentation market. "Big data" refers to the data management system that is used to input more data during the processing of large data sets. The rise in the adoption of big data-related technologies in many industries has led to the innovation of new technologies. Some of the new technologies used in process automation and instrumentation are edge computing, streaming analytics, artificial intelligence, in-memory databases, data lakes, and blockchain. For instance, in March 2021, according to Fusion Alliance, a US-based website designer, the pace of data creation continues to compound, with more than 200 million emails sent, millions of dollars in e-commerce transacted, 50 hours of YouTube videos uploaded, millions of Google searches launched, and tens of millions of photos shared. Also, nearly 53% of companies are adopting big data analytics, according to a study by Dresner Advisory Services in 2022. Therefore, the rising adoption of big data and other related technologies is expected to drive the growth of the process automation and instrumentation market.

The global process automation and instrumentation market size is expected to grow from $62.92 billion in 2021 to $67.81 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The global process automation and instrumentation market size is expected to grow to $95.76 billion in 2026 at a CAGR of 9.0%.

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North America was the largest region in the process automation and instrumentation market in 2021. The Asia-Pacific is expected to be the fastest-growing region in the global process automation and instrumentation market during the forecast period. The regions covered in the global process automation and instrumentation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the process automation and instrumentation market are ABB Limited, Danaher Corporation, Emerson Electric Company, Endress+Hauser Group Services AG, General Electric, Hollysys Automation Technologies Ltd, Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Yokogawa Electric Corporation, Beckhoff Automation, Carlo Gavazzi Holding AG, Delta Electronics Inc., Inductive Automation LLC, Intech, Pepperl+Fuchs GmbH, and Robert Bosch GmbH.

The global process automation and instrumentation market is segmented -
1) By Instrument: Field Instrument, Control Valve and Analyser, Analytical Instrument
2) By Solution: Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Human Machine Interaction (HMI), Functional Safety, Manufacturing Execution System (MES)
3) By Industry: Oil and Gas, Chemicals, Pulp and Paper, Pharmaceuticals, Metals and Mining, Food and Beverages, Energy and Power, Water and Wastewater Treatment

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The Process Automation And Instrumentation Market Report Contents Include
1. Executive Summary
2. Process Automation And Instrumentation Market Characteristics
3. Process Automation And Instrumentation Market Trends And Strategies
4. Impact Of COVID-19 On Process Automation And Instrumentation
5. Process Automation And Instrumentation Market Size And Growth
.....
26. Africa Process Automation And Instrumentation Market
27. Process Automation And Instrumentation Market Competitive LAndscape And Company Profiles
28. Key Mergers And Acquisitions In The Process Automation And Instrumentation Market
29. Process Automation And Instrumentation Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the process automation and instrumentation market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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