Process automation and instrumentation Market to Witness Sales Slump in Near Term Due to COVID-19; Long-term Outlook Remains Positive

30/set/2020 12:33:59 Ankush Nikam Contatta l'autore

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Future Market Insights (FMI) offers a 10-year forecast of the Process automation and instrumentation market between 2017 and 2027. In terms of value, the process automation and instrumentation market is expected to register a single digit CAGR during the forecast period. This study demonstrates the global dynamics of process automation and instrumentation market and trends across seven regions, namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA, which influence the current nature and future status of the process automation and instrumentation market over the forecast period.

Report Description

This research report provides a detailed analysis of the process automation and instrumentation market and offers insights on the various factors driving the popularity of process automation and instrumentation market. The report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The process automation and instrumentation market report segregates the market based on technology, application and different regions globally.

The process automation and instrumentation market is expected to witness steady value growth during the forecast period owing to an increase in the demand for Industrial Internet of Things (IIoT) and data-driven technologies by various industry verticals.

Sample of Research Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5075

The report starts with an overview of the process automation and instrumentation market in terms of value. In addition, this section includes an analysis of key trends, drivers and challenges from the supply, demand and economy side, which are influencing the process automation and instrumentation market.

The process automation and instrumentation market is classified on the basis of instrument type, solutions, application, and region. By instrument type, the process automation and instrumentation market is sub-segmented into transmitters, flow meters, analysers, controllers, switches, recorders, switches, and vacuum instruments. By solutions, the global process automation and instrumentation market is segmented in to PLC, SCADA, DCS, HMI, APC, MES, and safety automation. Furthermore, by application, the global process automation and instrumentation market is segmented into chemical, metal & mining, food & beverage, oil & gas, pharmaceutical, pulp & paper, wastewater treatment, power, and others. The chemical sub-segment accounted for a relatively higher share owing to an increase in the demand due to technological advancements in the chemical industry worldwide.

A detailed analysis has been provided for every segment in terms of market size analysis for the process automation and instrumentation market across different regions. This section provides a detailed analysis covering the key trends.

The next section contains a detailed analysis of the process automation and instrumentation market across various countries in the region. It provides a market outlook for 2017–2027 and sets the forecast within the context of the process automation and instrumentation market, which includes latest technological developments as well as offerings in the market. This study discusses the key trends within countries contributing to growth of the process automation and instrumentation market as well as analyses the degrees at which drivers are influencing the process automation and instrumentation market in each region. The key regions and countries assessed in this report include North America (U.S., Canada), Latin America (Brazil, Mexico & Rest of Latin America), Western Europe (UK, France, Germany, Spain, BENELUX, and Rest of Western Europe), Eastern Europe (Russia, Poland & Rest of Eastern Europe), APEJ (India, China, ASEAN, and Rest of APEJ), Japan, and MEA (GCC Countries, Turkey, South Africa, and Rest of MEA). This report evaluates the present scenario and the growth prospects of the process automation and instrumentation market across various regions globally for the period 2017 –2027. We have considered 2016 as the base year and provided data for the remaining 12 months.

To offer an accurate forecast, we started by sizing the current process automation and instrumentation market, which forms the basis of how the process automation and instrumentation market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global process automation and instrumentation market is split into a number of segments. All the segments in terms of instrument type, solution, application, and different regions are analysed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed information is important for the identification of various key trends in the global process automation and instrumentation market.

In addition, another key feature of this process automation and instrumentation market report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global process automation and instrumentation market.

In the final section of the process automation and instrumentation market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the process automation and instrumentation market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the process automation and instrumentation supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the process automation and instrumentation market. Examples of some of the key competitors of the process automation and instrumentation market are ABB Limited, Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG, Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., and Pepperl+Fuchs GmbH.

Key Segments

By Instrument Type

Transmitters

Flow meters

Analysers

Controllers

Switches

Recorders

Switches

Vacuum instruments

By Solution

PLC

SCADA

DCS

HMI

APC

MES

Safety Automation

By Application

Chemical

Metal & mining

Food & beverage

Oil & gas

Pharmaceutical

Pulp & paper

Wastewater treatment

Power

Safety Automation

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Key Companies

ABB Limited

Emerson Electric Company

Mitsubishi Electric Company

Rockwell Automation Inc.

Siemens AG

Schneider Electric SE

Yokogawa Electric Corporation

Honeywell International Inc.

Pepperl+Fuchs GmbH

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