Lewes, DE -- (SBWire) -- 02/09/2018 --Report forecast the global process automation and instrumentation market to grow at USD 91.60 billion during the period 2018-2022.
The report considers process automation and process instrumentation tools, equipment, and devices that help in seamlessly connecting and integrating different sub-processes within the industries. Under process automation, the report scope includes PLC, SCADA, DCS, and MES while process instrumentation includes control valves and industrial transmitters only.
The report covers the present scenario and the growth prospects of the global process automation and instrumentation market for 2018-2022. To calculate the market size, the report considers the revenue generated from the process automation and instrumentation.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major drivers for this market is the adoption of multivendor portable applications. The global process automation and instrumentation market vendors have come up with multivendor portable applications that support standardized products from different vendors. The adoption of such applications can ensure the high adoption of process automation and instrumentation products across industries.
Further, the report states that one of the major factors hindering the growth of this market is High instrument failure rates. The process instrumentation products are susceptible to high failure rates. The vulnerability of breakage of such instruments become even higher when the working conditions are critical. The instruments can have unintended breakdowns in the industries.
Global Process Automation and Instrumentation Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global process automation and instrumentation market: ABB, Emerson Electric, Honeywell, Mitsubishi Electric, OMRON, Rockwell Automation, Schneider Electric, and Siemens
Market driver
- The adoption of multivendor portable applications
- For a full, detailed list, view our report
Market challenge
- High instrument failure rates
- For a full, detailed list, view our report
Market trend
- IT and OT convergence
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 150 pages "Global Process Automation and Instrumentation Market 2018 - 2022" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Value Chain Analysis, Market Segmentation By Product, Customer Landscape, Market Segmentation By End-User, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.
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