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Process Automation And Instrumentation Market

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Process Automation And Instrumentation Market Accounting for US$ 174 Bn by the end of
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.
The global process automation and instrumentation market is anticipated to grow at a
significant growth rate throughout the period of forecast of 2017-2027. The global process
automation market and the global process instrumentation market collectively are
estimated to reach a value of about US$ 174 Bn by the end of 2027.
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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.
The global process automation and instrumentation market is being driven by several
aspects in the market. Some of them are rising presence of process industries that which
need process automation and instrumentation, rising focus on automation with a view to
increase speed, quality and overall productivity and reduce errors, rising oil and refineries
industry, significant demand for automation in the chemical industry, competitive
environment prevalent in various regions, rising awareness towards digitalization and
technological innovation, rising ethernet and internet technologies in control systems on
mining and oil and gas plants, the increasing urge to maintain safety standards, rising
demand for process automation in the utilities sector and rising awareness of digitizing oil
and gas platforms.
The global process instrumentation market is segmented by instrument type (transmitter,
flow meters, analysers, controllers, recorders, switches and vacuum instruments),
application (chemical, metal & mining, food & beverage, oil & gas, pharmaceutical, power,
pulp and paper, wastewater treatment and others) and region.
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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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