Explore the dynamic landscape of the Semiconductors and Electronics industry and uncover its trends and opportunities with the comprehensive insights offered in the Process automation and instrumentation market research report. Delve into a panoramic view of the market, gaining in-depth analysis and a broader perspective that encompasses the swiftly changing market dynamics. This report not only reveals the existing market scenario but also forecasts future trends, expectations, competitive environments, and strategies adopted by competitors, empowering you to strategize effectively and surpass industry rivals.
Dive into the depths of market analysis, segmentation, key development areas, and competitive strategies outlined within the Process automation and instrumentation market report. This global research resource doesn’t just stop there; it furnishes abundant insights and business solutions that act as a guiding beacon in maintaining a competitive edge. Detailed company profiles, product specifications, production values, and market shares for the forecasted period are encapsulated within this report, offering a comprehensive understanding of the industry's pulse. The Process automation and instrumentation market research report transcends mere statistics by formulating industry trends at a macro level, enabling businesses to anticipate future market shifts and potential challenges. Embrace a thorough analysis of market structures, dissecting various segments and sub-segments, providing a comprehensive overview that aids in informed decision-making.
Rising focus to improve the efficiency and effectiveness operations performed by various end users at different stages and further to reduce the operational costs have induced the rise in demand for process automation and instrumentation.
Data Bridge Market Research analyses that the process automation and instrumentation market will exhibit a CAGR of 6.4% for the forecast period of 2021-2028. This means that the current market value will rise up to USD 122.90 billion by the year 2028.
Overview of Process automation and instrumentation market:
Process automation and instrumentation is a process that involves careful monitoring of various business production processes. It is technology-enabled automation and instrumentation of complex business processes which helps to streamline the business towards simplicity, achieving organizational goals, improve quality and reduce operational costs. The technology also involves monitoring and controlling the physical quantities using various interconnected processes.
The rising adoption of industrial automation processes, rising demand for energy-efficient and cost-reducing processes, and emphasis on digital technologies have fuelled up the demand for process automation and instrumentation technology. The growth and expansion of various end-user verticals have further propelled the growth of this market. The rising adoption of proactive solutions that determine the failures at the component level has also paved the way for the growth of this market.
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Dynamics and Growth Drivers of Process automation and instrumentation market:
The process automation and instrumentation market is segmented on the basis of type, instrument, communication protocol, solution and end users. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the process automation and instrumentation market is segmented into process automation and process instrumentation
On the basis of instrument, the process automation and instrumentation market is segmented into field instrument, control valve and analyser. Field instrument is further sub-segmented into pressure, temperature, level and humidity. Control valve is sub-segmented into valve body, actuator and others. Others is further bifurcated into positioner and converter I/P. Analyser is sub-segmented into pH analyser, conductivity analyser, gas chromatograph and liquid chromatograph.
On the basis of communication protocol, the process automation and instrumentation market is segmented into wired communication protocol and wireless communication protocol.
On the basis of solution, the process automation and instrumentation market is segmented into programmable logic controller, distributed control system, supervisory control and data acquisition, human machine interface, safety automation, advanced process control, manufacturing execution system. Safety automation is further sub-segmented into emergency shutdown system (ESD), fire and gas monitoring and control, high integrity pressure protection system (HIPPS), burner management system (BMS) and turbo machinery control (TMC).
On the basis of end users, the process automation and instrumentation market is segmented into chemicals, energy and power, food and beverages, metals and mining, oil and gas, pharmaceuticals, pulp and paper, water and wastewater and others.
Regional Analysis/Insights of Process automation and instrumentation market:
North America commands the dominant share in the global market. This is because of the rise in adoption of industrial automation processes in the region. Prevalence of a strong technological base coupled with increased funding into petrochemical and chemical industry has further induced the growth in the region.
Asia-Pacific on the other hand will register the highest growth rate during the forecast period. This is because of rapid growth and expansion of various end user verticals across countries in this region.
The major companies which are dealing in the Process automation and instrumentation market:
Emerson Electric Co., Siemens, Rockwell Automation, Inc., General Electric, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Schneider Electric, ABB, Honeywell International Inc., Robert Bosch GmbH, Hollysys Automation Technologies Ltd., Metso Corporation, Beckhoff Automation, Carlo Gavazzi Holding AG, Delta Electronics, Inc., Endress+Hauser Group Services AG, Idec Corporation, Inductive Automation, LLC, INTECH, and Maple Systems Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Process automation and instrumentation market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants
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Segmentation of Process automation and instrumentation market:
By Type (Process Automation and Process Instrumentation), Instrument [Field Instrument, Control Valve and Analyser), Communication Protocol (Wired Communication Protocol and Wireless Communication Protocol), Solution (Programmable Logic Controller, Distributed control System, Supervisory Control and Data Acquisition, Human Machine Interface, Safety Automation, Advanced Process Control, Manufacturing Execution System), End Users (Chemicals, Energy and Power, Food and Beverages, Metals and Mining, Oil and Gas, Pharmaceuticals, Pulp and Paper, Water and Wastewater and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)
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