Process automation & instrumentation market global industry trends,size,share, analysis 2017 24

PROCESS AUTOMATION & INSTRUMENTATION MARKET GLOBAL MARKET, TRENDS, SIZE, SHARE & ANALYSIS 2017-2025

Process Automation & Instrumentation Market “Global process automation & instrumentation is projected to grow at a CAGR of 5.37% during the

forecast period of 2017-2024.

The forecast period for the market study is 2017 to 2024 and the base year considered for the study is 2016” • The market for global process automation & instrumentation is projected to grow at a CAGR of 5.37% during the forecast period of 2017-2024.

• The forecast period for the market study is 2017 to 2024 and the base year considered for the study is 2016.

• The technological advancements and innovations in the field of robotics are one of the dominant drivers for the growth of process automation and instrumentation market.

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Market Insights •

The global process automation and instrumentation market is segmented into the market by technology, market by instruments, market by type of solutions, market by application and geography. The process automation and instrumentation market by technology is segmented into Distributed control system (DCS), Programmable logic controller (PLC), Supervisory control and data acquisition (SCADA), Automation and control systems (ACS), Manufacturing execution systems (MES), Safety instrumented systems (SIS) and others. The market by instruments is segmented into Field instruments, Control valves & Positioners and Communication. The market by Communication is further segregated into wired protocols and wireless protocols.

•

The process automation and instrumentation types of solutions market is segmented into Hardware, Software and Services. The process automation and instrumentation market by application is segmented into Oil & gas, Paper & pulp, Automotive, Chemical & petrochemical, Water & waste water treatment, Energy & utilities, Pharmaceutical, Food, tobacco, and beverages and others.

•

The advancing labor costs and a decrease in the price of automation solutions, the need for energy efficient production processes due to rise in demand for gas and oil on a global scale and the need for software that aids detection and reduction of failures are some of the dominant drivers for the growth of process automation and instrumentation market. Inversely the factors those restraints the market growth are slow growth in developed markets, security risks and lack of skilled workforce.

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Regional Insights

North America

North America accounts for the largest market share in the global process automation and instrumentation market.

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Europe

Asia-pacific

Europe process automation `and instrumentation market hold the second largest market in the global process automation and instrumentation market.

The Asia-Pacific market is anticipated to grow at a rapid rate during the forecast period.

Global Process Automation & Instrumentation Market Forecast 2017-2024 Request Free Sample!

Click Here Global process automation and instrumentation market is expected to grow from USD 66.51 billion in 2016 to USD 101.29 billion by 2024, at a CAGR of 5.37% between 2016 and 2024. The base year considered for the study is 2016 and the forecast period is between 2017 and 2024.

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Global Process Automation & Instru mentation Market Growing at a

CAGR 5.37% During the Forecast Period of

2017-2025

North Process Automation & Instrumentation Market Forecast 2017-2024

North Process Automat ion & Instrumentation Market Growing at a

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CAGR 3.78

%

During the Forecast Period of The North America market for the process automation and instrumentation is estimated to grow $30.50 billion by 2024 from $22.62 billion in 2016.

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2017-2025

Asia-pacific Process Automation & Instrumentation Market Forecast 2017-2024

Asia-pacific Process Automation & Instrume ntation Market Growing at a

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The market for process automation and instrumentation in Asia-Pacific region is expected to be around $14.03 billion in 2016 to $25.26 billion by 2024 having the CAGR of 7.69%.

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CAGR 7.69

%

During the Forecast Period of

2017-2025

Europe Process Automation & Instrumentation Market Forecast 2017-2024

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The process automation and instrumentation Europe market is $18.20 billion in 2016 and is estimated to grow $25.98 billion by 2024. The growth of the market during the estimated period is expected at 4.52% of CAGR. Inkwood Research

Europe Process Automa tion & Instrumentatio n Market Growing at a

CAGR 4.52% During the Forecast Period of

2017-2025

Competitive Insights Rockwell automation Inc., Siemens AG, Danaher corporation, Honeywell international Inc., Mitsubishi electric corporation, Schneider

electric,

Emerson

electric

company,

Texas

instruments, General electric corporation (GE) are dominant players in the global Process automation and Instrumentation market.

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