Published on : Dec 29, 2017
ALBANY, New York, December 29, 2017: A recent market research report added to the vast research report portfolio of ResearchMoz.us presents a thorough analytical assessment of the global market for process automation and instrumentation. The report is titled “Process Automation and Instrumentation Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The report states that the market will register a promising 6.0% CAGR over the period between 2017 and 2027, rising to a valuation of US$153.6 Bn by 2027.
The report states that the market will expand at a promising pace in the next few years. The vast rise in applications of process automation solutions with the view of achieving high level of precision and handling all varieties of operations is expected to emerge as the key growth driver for the market in the next few years. The market is also expected to witness highly promising growth opportunities in emerging economies owing to the thriving pharmaceuticals and oil and gas industries in regions such as Asia Pacific and Latin America.
The report segments the global process automation and instrumentation market based on criteria such as solution, instrument, type, application, and country. Vast details pertaining to these segments and their past, present, and potential future growth potential are included in the report.
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On the basis of instrument type, the market has been segmented into temperature transmitter, level transmitter, pressure transmitter, recorders, flowmeters, controllers, gas analyzers, PH analyzers, vacuum instruments, and switches. On the basis of application, the market has been segmented into chemical, food and beverages, metal and mining, food and beverages, oil and gas, pulp and paper, pharmaceutical, wastewater treatment, power, and chemical. Geographically, the market has been examined for geographies of North America, Eastern Europe, Western Europe, Latin America, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA).
Geographically, the market is expected to witness the dominance of North America in the next few years, followed by the market in Asia Pacific except Japan. North America represents a mature market for process automation and instrumentation. The region will thus provide steady growth opportunities owing to its steadily expanding end-use industries. In Western Europe, the market is expected to register a promising 5.5% CAGR from 2017 to 2027. High growth potential for the market also lies in the Asia Pacific except Japan region owing to the steadily expanding economies such as India and China, which have witnessed steadily expanding industries.
The report also presents a thorough account of the competitive landscape of the global process automation and instrumentation market with the help of vast details pertaining to recent developments, product portfolios, strengths and weaknesses of leading companies in the market, and a complete account of their contributions towards the development of the market so far. An analysis of the growth strategies that have worked for companies in the market is also included in the report.
Some of the leading companies operating in the global process automation and instrumentation market profiled in the report are Siemens AG, ABB Limited, Mitsubishi Electric Company, Endress+Hauser Management AG, Rockwell Automation Inc., Emerson Electric Company, HollySys Automation Technologies Ltd., Pepperl+Fuchs GmbH, Yokogawa Electric Corporation, Schneider Electric SE, R. STAHL AG, Thermo Fisher Scientific Inc, Honeywell International Inc, Agilent Technologies, Inc., Forbes Marshall Pvt. Ltd, Bosch Group, Parker Hannifin Corp., Danaher Corp, and Oxford Instruments Plc.
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