Process Automation and Instrumentation Market worth $180.26 Billion by 2020
DALLAS, April 23, 2014 /PRNewswire/ –
According to the new market research report “Process Automation and Instrumentation
Market by Types (Hardware, Software, Service), Technology (SCADA, PLC, DCS, MES),
Application (Chemical, Oil & Gas, Solar, Metal, Water & Waste, Energy, Food, Automotive
and Geography – Analysis & Global Forecasts to 2013 – 2020″, published by
MarketsandMarkets, 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 96 market data Tables and 75 Figures spread through 380 Pages and in-depth TOC
on “Process Automation and Instrumentation Market”.
Early buyers will receive 10% customization on this report.
The last decade witnessed a well-paced transformation in the process automation and
instrumentation market. The difficulties identified in Process Automation And
Instrumentation Market like cost of operation, migration, reliability, open connectivity,
energy efficiency, visualization brought into market new types of automation technologies,
hardware’s, software’s and services.
The characteristics and features of process automation and instrumentation like
real-time process monitoring, continuous improvement, standardisation of maintenance
procedure, and maximisation of production efficiency are serving to incorporate in
different application verticals. Key automation technologies like SCADA, PLC, DCS, MES has
been introduced in the market.
The Process Automation and Instrumentation Market is segmented into four categories
that include technology, types, application, and geography. This report divides the
overall market into four main geographical segments, namely, Americas, Europe, APAC, and
ROW. The Americas region currently contributes highest in the market growth as compared to
the other regions.
The leading companies in the Process Automation And Instrumentation Market covered in
the report are ABB Ltd. (Switzerland), Danaher Corporation (U.S.), Emerson Electric
Company (U.S.), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation
(Japan), Omron Corporation (Japan), Rockwell Automation Inc. (U.S.), Schneider Electric SA
(France), Siemens AG (Germany) and Yokogawa Electric Corporation (Japan).
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