Development and Implementation of Process Automation and Instrumentation Technology - 2020
Process Automation & Instrumentation Market categories the global market by Technology (SCADA, PLC, DCS, MES), Types (Hardware, Software, Service), Application (Oil & Gas, Solar, Metal, Chemical, Water & Waste, Energy, Food, Automotive and by Geography.
Dallas, TX -- (SBWire) -- 12/08/2014 --According to the new market research report "Process Automation and Instrumentation Market by Types (Hardware, Software, Service), by Technology (SCADA, PLC, DCS, MES), by Application (Chemical, Oil & Gas, Solar, Metal, Water & Waste, Energy, Food, Automotive and by Geography - Analysis & Global Forecasts to 2013 - 2020" the Process Automation and Instrumentation Market is projected to cross $180.26 billion by 2020, growing at a CAGR of 6.08% from 2014 to 2020.
Browse 100 market data tables 72 figures spread through 314 pages and in-depth TOC on "Process Automation and Instrumentation Market by Types (Hardware, Software, Service), by Technology (SCADA, PLC, DCS, MES), by Application (Chemical, Oil & Gas, Solar, Metal, Water & Waste, Energy, Food, Automotive and by Geography - Analysis & Global Forecasts to 2013 - 2020"
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The extensive study of the competitive landscape of the process automation and instrumentation market clearly portrays that the American market has most of the global market leaders as its top performers. The companies provide solutions related to PA & PI market as well as other automation solutions. We can clearly see that APAC has a significant number of players but lesser automated industries as of now. By this, we can understand that these players in the APAC market are serving the niche players. APAC will grow at the fastest rate in the coming five years due to the fast growth of the niche market as well as a better demand in the bigger industries.
The research published on process automation market covers the design architecture, market statistics and standards for the industry. The report is segmented into process automation and instrumentation. The overall market is further segmented into technology, hardware, software and services. The technologies introduced in this report are SCADA, PLC, DCS, and MES. On the other hand, process instrumentation is segmented on the basis of four principle types of transmitters namely; flow, pressure, temperature and level. Apart from the transmitters, process instrumentation generally consists of another very important instrument segment called 'control valves'. Control valves are the most important device for the process industry. The communication protocol elucidate in this study are Profibus, Fieldbus, Wireless HART, and ISA100.
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The process automation is a revolutionary taxonomy of various technologies like SCADA, PLC, DCS, and MES, which include field instruments and Enterprise Resource Planning (ERP) technology, among others. The process automation solutions optimize the productivity and efficiency of the various stages of production, under various verticals like wastewater treatment, pharmaceutical, oil & gas extraction and petrochemicals, among others.
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