Published on : Dec 20, 2017
Albany, New York, December 20, 2017: A new research report added to the vast repository of Market Research Hub (MRH) offers insights and analysis on the global process automation and instrumentation market for the forecast period 2017-2027. The report analyzes the market for the historical period 2012-2016, and offers forecasts for the next ten years. The report titled “Process Automation and Instrumentation Market: North America to Dominate the Global Market Throughout the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)” offers detailed analysis on the key factors likely to shape the market during the assessment period.
The report begins with an introduction and definition that gives readers a primer on the scope of the report. The executive summary section of the report offers a gist of the market highlights, along with regional highlights. The qualitative section of the report offers comprehensive information on the drivers, restraints, opportunities, and trends that are prevailing in the market. The qualitative section of the report gives readers a context on the factors and their impact on the growth of the process automation and instrumentation market.
To acquaint readers about the key aspects of the process automation and instrumentation market, the report offers a detailed segment-wise analysis and insights. On the basis of solution, the market has been segmented into PLC, SCADA, HMI, DCS, APC, and MES. The key application based segments include chemical, food & beverage, oil & gas, power, metal & mining, power, wastewater treatment, and others. By instrument type, the key segments include pressure transmitter, level transmitter, flowmeters, gas analyzers, recorders, controllers, switches.
According to the report, PLC segment is one of the most prominent in terms of solution. The adoption of PLC is growing at a steady pace in end-use industries and the trend is likely to remain so during the forecast period. The PLC segment is likely to surpass US$ 40 Bn in revenues by the end of forecast period. The adoption of PLC will be strong in North America and APEJ owing to the high number of industries in the region. The market in North America is likely to grow on account of higher emphasis on precision and quality, whereas in APEJ, it is the volume factor that is driving the market. These two regions are likely to provide growth opportunities for the process automation and instrumentation market during the assessment period.
The key companies profiled in the report include ABB Limited, Endress+Hauser Management AG, Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG, Pepperl+Fuchs GmbH, HollySys Automation Technologies Ltd., Schneider Electric SE, Honeywell International Inc., Yokogawa Electric Corporation, R. STAHL AG, Bosch Group, Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Oxford Instruments Plc., Forbes Marshall Pvt. Ltd., Parker Hannifin Corp. and Danaher Corp
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