Press release
Global Process Automation and Instrumentation Market 2020 fueled by Industries like ( Oil and gas, Power, Water and wastewater, Chemical and petrochemical ) - Market to grow at a CAGR of 6.7% during Forecast
Process automation and instrumentation help companies to optimize business outcomes by effectively controlling production processes. Automation solutions such as DCS, PLC, SCADA, and MES enable effective controlling and monitoring of production processes and reduce plant downtimes, which serve to boost productivity. Instrumentation products such as control valves and transmitters are extensively used in process industries such as oil and gas, power, and water and wastewater treatment for calibration and measurement applications.
The global process automation and instrumentation market to grow at a CAGR of 6.7% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global process automation and instrumentation market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of automation and instrumentation products to the following process industries:
- Oil and gas
- Power
- Water and wastewater
- Chemical and petrochemical
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Technavio's report, Global Process Automation and Instrumentation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- ABB
- Honeywell
- Mitsubishi Electric
- Siemens
Other prominent vendors
- Emerson
- Danaher
- Omron
- Rockwell
- Schneider
- Yokogawa.
Market driver
- Need for efficient use of resources and reduction of emissions
- For a full, detailed list, view our report
Market challenge
- Lack of skilled labor
- For a full, detailed list, view our report
Market trend
- Shift to cloud computing
- For a full, detailed list, view our report
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Key questions answered in this report
- What will the market size be in 2020 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?
Browse more details at: http://www.researchmoz.us/global-process-automation-and-instrumentation-market-2016-2020-report.html
ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
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