Process Automation and Instrumentation Market is a professional and a meticulous report which focuses on primary and secondary drivers, market share, leading segments and geographical analysis. It endows with an analytical measurement of the main challenges faced by the business currently and in the upcoming years.

Global Process Automation & Instrumentation Market is expected to rise from its initial estimated value of USD 68.70 billion in 2018 to an estimated value of USD 112.00 billion by 2026, registering a CAGR of 6.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the benefits associated with increasing focus to improve production efficiency and optimize operating costs

Market Definition: Global Process Automation & Instrumentation Market

Process automation and instrumentation helps to optimize business outcomes by effectively monitoring and controlling production processes. Process automation involves using computer technology and software engineering. This helps to power plants and factories in industries as diverse as paper, mining and cement operate more efficiently and safely.

Market Drivers:

There is high demand for adoption of iot across various industries is expected to act as a driver to the market growth
There is high demand to increase focus on production efficiency and optimize operating costs is expected to act as a driver to the market growth
Growing demand for proactive solutions that determine failures at component level is expected to act as a driver to the market growth.
Shift in production approach from conventional practices to digitalized methods farms is also a market driver.

Market Restraints:

Significant start-up capital required for implementation and maintenance of process automation and instrumentation systems is expected to act as a restraint to the market growth.
Reluctance of small and medium-sized enterprises (SME) to adopt process automation and instrumentation solutions is expected to act as a restraint to the market growth.

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Segmentation: Global Process Automation & Instrumentation Market

By Type

Process Automation
Process Instrumentation

By Instrument

Field Instrument
Pressure
Temperature
Level
Humidity
Control Valve
Valve Body
Actuator
Others
Positioner
Converter I/P
Analyzer
Ph Analyzer
Conductivity Analyzer
Gas Chromatograph
Liquid Chromatograph

By Communication Protocol

Wired Communication Protocol
Wireless Communication Protocol

By Solution

Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Supervisory Control and Data Acquisition (SCADA)
Human Machine Interface (HMI)
Safety Automation
Emergency Shutdown System (Esd)
Fire and Gas Monitoring & Control
High Integrity Pressure Protection System (HIPPS)
Burner Management System (BMS)
Turbomachinery Control (TMC)
Advanced Process Control (APC)
Manufacturing Execution System (MES)

By End-User Industry

Chemicals
Energy & Power
Food & Beverages
Metals & Mining
Oil & Gas
Pharmaceuticals
Pulp & Paper
Water & Wastewater
Others

By Geography

North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa

Key Developments in the Market:

In March 2019, Virtusa Corporation won first place in Virtual Robotic Process Automation (RPA) At virtual Robotic Process Automation (RPA) Conference Virtusa Corporation is an American information technology services.

In April 2019, 4th Annual Machine Learning in Oil and Gas conference held in US. This conference  focuses on the different ways that IT providers and various service companies are collaborating to implement software solutions, to extract value from the vast amounts of untapped data that the industry has accumulated. By this conference corporations are focusing their self to bring an era of intelligence.

Competitive Analysis

Global process automation & instrumentation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of process automation & instrumentation market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.

Major Market Competitors/Players

Few of the major competitors currently working in process automation & instrumentation market are.  ABB (Switzerland), Emerson Electric Co. (US), GENERAL ELECTRIC. (US), Honeywell International, Inc. (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (US),  Schneider Electric (France), Siemens (Germany), Yokogawa Electric Corporation (Japan), Metso Corporation (Finland), Beckhoff (Germany),  Carlo Gavazzi Holding AG (Switzerland), Delta Electronics, Inc. (Taiwan), Emerson Electric Co. (US), Endress+Hauser  Management AG (Switzerland),  Hollysys Automation Technologies Ltd., Inc. (China), Idec Corporation ( Japan), Inductive Automation(US), Intech Process Automation Inc. (US), Maple Systems, Inc. (US), Pepperl+Fuchs GmbH (Germany), Process Automation Solutions GmbH (Germany), R. Stahl Ag (Germany), Robert Bosch GmbH (Germany), Rockwell Automation, Inc., (US), Hans Turck GmbH & Co. KG (US),  WAGO Kontakttechnik GmbH & Co. KG (US) and other.

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The Process Automation & Instrumentation market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Process Automation & Instrumentation market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Process Automation & Instrumentation market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Process Automation & Instrumentation market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Process Automation & Instrumentation market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Process Automation & Instrumentation capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Process Automation & Instrumentation by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Process Automation & Instrumentation market. These figures have been provided in terms of both revenue and volume for the period 2020 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Process Automation & Instrumentation market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Process Automation & Instrumentation market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

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Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Process Automation & Instrumentation market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Process Automation & Instrumentation market. These factors have benefited the growth of the global market for Process Automation & Instrumentation. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

In this study, the years considered to estimate the market size of Process Automation & Instrumentation are as follows:

Historic Year: 2017-2020
Base Year: 2019
Forecast Year 2020 to 2027

Reasons to Purchase this Report:

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value USD Million and volume Units Million data for each segment and sub-segment
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)

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