Press release
Europe Automation and Instrumentation Market Will Hit At CAGR Of 5.11% During Years 2015-2019
Automation is fast becoming an integral part of organizations in Europe. Many discrete manufacturing as well as process industries are adopting automated solutions to reduce their process variability and improve plant efficiency. Companies are able to optimize their business operations using automation solutions such as PLC, SCADA, and DCS, which effectively control production processes. Instruments, including flow meters, control valves, and transmitters, are used in automation processes to reduce the downtime and overall operational costs.
Technavio's analysts forecast the automation and instrumentation market in power industry in Europe to grow at a CAGR of 5.11% over the period 2015-2019.
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Covered in this Report
The automation and instrumentation market in power industry in Europe can be segmented into two: industrial automation consisting of PLC, SCADA, and DCS; and automation instrumentation consisting of control valves, flow meters, and transmitters.
Technavio's report, Automation and Instrumentation Market in Power Industry in Europe, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe in detail; it also covers the automation and instrumentation market landscape in the power industry in Europe and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key Vendors
ABB
Emerson Process Management
Honeywell International
Schneider Electric
Siemens
Other Prominent Vendors
GE
Mitsubishi Electric
Rockwell Automation
Yokogawa Electric
Market Driver
Increase in energy requirements
For a full, detailed list, view our report
Market Challenge
Growing adoption of alternative energy sources
For a full, detailed list, view our report
Market Trend
Development of advanced automation technologies
For a full, detailed list, view our report
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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