Process Automation & Instrumentation Market- Global Industry Trends, Size, Share, Analysis 2017-24

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Process Automation Instrumentation
Market Global Market, Trends, Size, Share
Analysis 2017-2025
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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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• 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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Asia-pacific
Europe
North America
Europe process automation and instrumentation
market hold the second largest market in the
global process automation and instrumentation
market.
North America accounts for the largest market
share in the global process automation and
instrumentation market.
The Asia-Pacific market is anticipated to grow at
a rapid rate during the forecast period.
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Global Process Automation Instrumentation
Market Forecast 2017-2024
Global Process Automation Instrumentation
Market Growing at a
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CAGR 5.37
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During the Forecast Period of
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.
2017-2025
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North Process Automation Instrumentation Market
Forecast 2017-2024
North Process Automation Instrumentation Market
Growing at a
CAGR 3.78
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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.
2017-2025
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Asia-pacific Process Automation Instrumentation
Market Forecast 2017-2024
Asia-pacific Process Automation Instrumentation
Market Growing at a
CAGR 7.69
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During the Forecast Period of
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.
2017-2025
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Europe Process Automation Instrumentation
Market Forecast 2017-2024
Europe Process Automation Instrumentation
Market Growing at a
CAGR 4.52
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During the Forecast Period of
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.
2017-2025
Inkwood Research
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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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