Process Automation and Instrumentation Market Size to reach $98.6 billion by 2028

1
Process Automation and Instrumentation Market

• by Instrument (Field Instrument, Control Valve,
  and Analytical Instrument), Solution (Advanced
  Process Control (APC), Distributed Control System
  (DCS), Human Machine Interaction (HMI),
  Manufacturing Execution System (MES),
  Programmable Logic Controller (PLC), Safety
  Automation, Supervisory Control and Data
  Acquisition (SCADA)), Industry (Oil and Gas, Food
  and Beverage, Pharmaceutical and Bio-pharma,
  Chemical and Petrochemical, and Others), and by
  Region (North America, Europe, Asia Pacific,
  Middle East Africa, South America), Global
  Forecast, 2020 to 2028

Single Use License US 4400
Request Sample
2
Process Automation and Instrumentation Market
Size to reach 98.6 billion by 2028

• Increasing Demand For Proactive Solutions That
  Can Determine Failure At The Component Level Is
  Anticipated To Provide A Boost To The Growth Of
  Process Automation And Instrumentation Market
  During The Forecast Period
• Pharmaceutical and power industries are expected
  to create potential growth opportunities for
  process automation and instrumentation vendors
• The global process automation and instrumentation
  market size is projected to reach around USD 98.6
  billion by 2028. In addition, it is projected to
  gather a CAGR of around 7.98 over the forecast
  years 2020-2028. Process automation and
  instrumentation is the use of computer software
  and technologically advanced equipment to track,
  manage, and reduce costs by improving
  productivity at various manufacturing plants.
  Process automation simplifies processes and
  maintenance by using sensors at various locations
  around the plant to help track optimal working
  conditions and other parameters including
  temperature and pressure. Overall, growing
  concerns related to the planned functional safety
  and protection, increasing demand for
  energy-efficient production processes, rising
  labor costs, high productivity levels with
  minimum costs are the primary drivers of process
  automation and instrumentation market
  development. Additionally, advancing technology
  in process automation and instrumentation and
  increasing penetration of process automation and
  instrumentation in developing countries such as
  China, India, and others will create new
  opportunities for the process automation and
  instrumentation markets. However, the primary
  constraints for the process automation and
  instrumentation market are higher research and
  development costs and higher implementation and
  maintenance costs of technologies and equipment.

3
Process Automation and Instrumentation Market
Size to reach 98.6 billion by 2028

• The COVID-19 outbreak has reduced the process
  automation and instrumentation market globally.
  This is because of supply chain problems around
  the globe. The economies across the world have
  weakened as demand for goods is declining
  considerably. Output in all sectors has been
  reduced due to the pandemic, raw material
  shortages, export declines, and supply chain
  disruptions are the key factors leading to a
  reduction in manufacturing as well as the
  decrease in the process automation and
  instrumentation sector.
• The future and existing process automation and
  instrumentation market progress are outlined to
  know the market attractiveness. Key influencing
  factors focus on the market opportunities for the
  process automation and instrumentation market
  over the forecast years. The main factors driving
  process automation and instrumentation market
  growth are increasing adoption of IoT technology
  across different industrial domains, increasing
  strict regulation and enforcement in process
  industries, improving efficiency in production,
  and reducing operating costs. Also, the other
  driving factor behind the growth of the process
  automation and instrumentation market is the
  growing attention of companies on improving
  productivity as well as reducing operating costs
  across multiple industries. However, the lack of
  skilled labor and sluggish growth in developed
  markets are the key barriers that hinder the
  development of the market for process automation
  and instrumentation. Furthermore, rising demand
  for safety automation systems is anticipated to
  be an opportunity for the process automation and
  instrumentation market.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/process-automation-and-instrumentation-market
  

4
Process Automation and Instrumentation Market
Size to reach 98.6 billion by 2028

• The report also outlines the various
  characteristics of the global process automation
  and instrumentation industry by assessing the
  market from value chain analysis. Moreover, the
  process automation and instrumentation market
  report comprises various qualitative parts of the
  process automation and instrumentation industry
  in market restraints, essential industry drivers,
  and opportunities. Furthermore, the report
  provides a complete assessment of the market
  through company profiling and the competitiveness
  of the local as well as global vendors.
• The process automation and instrumentation market
  have solid competition amongst the already
  well-known and new market players. Also, the
  process automation and instrumentation industry
  players are pursuing potential markets to seize a
  competitive lead among the other industry players
  by forming mergers acquisitions, agreements,
  acquiring other companies new startups,
  establishing collaboration partnerships, and
  growing their business existence.
• Based on the instrument segment, the market is
  segmented into a field instrument, control valve,
  and analytical instrument. In 2019, the control
  valve segment had major growth and it is likely
  to maintain its dominant position during the
  forecast period. The market growth of this
  segment is primarily ascribed to the oil gas
  industry since it is amongst the most promising
  industry for bringing control valves into
  different systems and thus anticipated to drive
  the process automation and instrumentation
  market.
• The major players of the global process
  automation and instrumentation market are
  Siemens, Yokogawa, EndressHauser, Emerson,
  General Electric, ABB Ltd, HOLLYSYS, Schneider
  Electric, Honeywell, Mitsubishi Electric,
  Rockwell Automation. The process automation and
  instrumentation market comprises well established
  local as well as global players.

5
Segment Overview of Global Process Automation and
Instrumentation Market

• Instrument Overview, 2018-2028 (USD Billion)
• Field Instrument
• Control Valve
• Analytical Instrument
• Solution Overview, 2018-2028 (USD Billion)
• Advanced Process Control (APC)
• Distributed Control System (DCS)
• Human Machine Interaction (HMI)
• Manufacturing Execution System (MES)
• Programmable Logic Controller (PLC)
• Safety Automation
• Supervisory Control and Data Acquisition (SCADA)

6
Segment Overview of Global Process Automation and
Instrumentation Market

• Industry Overview, 2018-2028 (USD Billion)
• Oil and Gas
• Food and Beverage
• Pharmaceutical and Bio-pharma
• Chemical and Petrochemical
• Other
• Regional Overview, 2018-2028 (USD Million)
• North America (U.S., Canada, Mexico)
• Europe (Germany, United Kingdom, Italy, Rest of
  Europe)
• Asia Pacific (China, Japan, India, Rest of Asia
  Pacific)
• South America (Brazil, Rest of South America)
• Middle East Africa (Saudi Arabia, South Africa,
  Rest of Middle East Africa)
• Purchase a single user copy of the global Process
  Automation And Instrumentation Market report_at_
  https//www.adroitmarketresearch.com/researchrepor
  t/purchase/1676

7
About Us

• Adroit Market Research is an India-based business
  analytics and consulting company. Our target
  audience is a wide range of corporations,
  manufacturing companies, product/technology
  development institutions and industry
  associations that require understanding of a
  markets size, key trends, participants and
  future outlook of an industry. We intend to
  become our clients knowledge partner and provide
  them with valuable market insights to help create
  opportunities that increase their revenues. We
  follow a code Explore, Learn and Transform. At
  our core, we are curious people who love to
  identify and understand industry patterns, create
  an insightful study around our findings and churn
  out money-making roadmaps. Our analysts have
  tracked high growth markets in chemicals
  materials, healthcare pharmaceuticals,
  semiconductor electronics, energy power, food
  retail, consumer goods, technology, and
  machinery equipment sectors across the world to
  identify new opportunities, potential customers,
  prepare go-to-market (GTM) strategies, identify
  segments for revenue growth for companies, and
  many more.

• US Headquarters3131 McKinney Ave Ste 600
  Dallas, TX 75204 ,U.S.A 

• Phone [phone]
• Email sales_at_adroitmarketresearch.com