Process Automation and Instrumentation Market to Record a Sluggish CAGR of 6% through 2017-2027
The global process automation market is expected to witness robust growth during the assessment period and is poised to register a CAGR of 6.0% throughout the 2017-2027 period. By the end of 2027, the global market for process automation is estimated to be valued at about US$ 153.6 Bn from a value of US$ 85.5 Bn in 2017. The global process instrumentation market is projected to grow at a CAGR of 5.8% during the 2017-2027 assessment period. By the end of 2027, the process instrumentation market is estimated to reach a market evaluation of about US$ 20.5 Bn.
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Valuable insights on the global scenario of process automation and instrumentation have been put forth in a structured order based on a recently carried out research on process automation and instrumentation market. Future Market Insights in its new publication titled “Process Automation and Instrumentation Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” has covered several key players, trends, growth drivers, opportunities, developments and restraints across several key geographies of North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA). On the basis of a systematic research process and a detailed market segmentation, current and future projections up to ten years, from 2017 to 2027, with respect to value are drawn to deliver valuable acumen about the global market scenario.
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By region, North America dominates the global market growing at a moderate CAGR during 2017-2027 period. MEA region in this market also shows highest growth rate to reflect a CAGR of 6.4% throughout the assessment period
Global Process Automation and Instrumentation Market: Competitive Scenario
The global process automation and instrumentation market research report has profiled several key players involved in the market. Few of them are ABB Limited, Endress+Hauser Management AG, Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG, Pepperl+Fuchs GmbH, HollySys Automation Technologies Ltd., Schneider Electric SE, Honeywell International Inc., Yokogawa Electric Corporation, R. STAHL AG, Bosch Group, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Oxford Instruments Plc., Forbes Marshall Pvt. Ltd., Parker Hannifin Corp. and Danaher Corp.
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