Process Automation & Instrumentation Market 2018 by Global Key Players: ABB, Emerson Electric, General Electric, Honeywell International, Mitsubishi Electric, Rockwell Automation, Yokogawa Electric, Metso

Market Research Future published a research report on “Process Automation & Instrumentation Market Research Report- Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

Process Automation & Instrumentation (SDP) simulates the process of human thoughts into a computerized model. This is a self-learning technology which uses the gestures, patterns recognition, data mining, and Natural Language Processing (NLP) to act like a human brain. Industries are using Process Automation & Instrumentation with big data analytics to get the better and accurate output.

Technology giants such ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.). ABB Ltd., a prominent player in process automation and instrumentation market, manufactures DCS products, solutions, and services for continuous or batch process industries, infrastructure, energy, and utilities and deliver service in collaborative control rooms. Emerson Electric Co. a key player in the process automation and instrumentation market as adopt main automation contractor (MAC), which is responsible for providing automation technologies and services for the entire project. The MAC approach made managing the overall project much easier for the employees. It simplified sourcing, avoided integration headaches, provided clear lines of communication and accountability, and enabled Emerson’s automation expertise and their project management experience, tools, and resources.

The major factors driving the growth of the Process Automation & Instrumentation Market is the increase in adoption of IoT technology across various industrial domains, growing strict regulation and compliance in process industries and to improvise production efficiency and minimize operating cost. However, aspects such as the failure rate of the instrument, the vulnerability of instrument breakage are high during critical working condition and uncertainty of breakdown.

The global process automation & instrumentation market is expected to grow at a CAGR of approximately 6% during the forecast period 2017-2023.

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Key Players:

Some of the prominent players in the global process automation & instrumentation market: ABB Ltd. (Switzerland), Emerson Electric Co. (U.S.), General Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), and Metso Corporation (Finland).

Segments:

The global process automation & instrumentation market is segmented by instrument, solution, and end-user. The instrument segment consists of field instrument, control valve, and analyzer. Field instrument segment is further sub-segmented into pressure, temperature, level, humidity. The control valve segment consists of the valve body, actuator, and others. The analyzer consists of pH analyzer conductivity analyzer, gas chromatograph, and a liquid chromatograph. The solution segment consists of APC, DCS, HMI, MES, PLC, safety automation & SCADA. The end-user segment consists of chemicals, energy & power, food & beverages, metals & mining, oil & gas, pharmaceuticals, pulp & paper, water & wastewater, and others.

Regional Analysis:

The global process automation & instrumentation market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that the North America region accounts for the largest share in the global Process Automation & Instrumentation market. Owing to technological advancement, a well-established industrial area and the rising investment by the U.S. government across chemical & petrochemical industry is aiding the market growth. Asia Pacific is expected to be fastest growing owing to the presence of oil refineries in some countries, but the region has experienced a low market value.

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Intended Audience

• Technology Investors
• Research/Consultancy firms
• Original Instrument Manufacturers
• Associations, organizations, forums, and alliances
• Process automation & instrumentation manufacturers
• End users of process industries
• Automation consultants

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