The process automation and instrumentation market is estimated to grow at a CAGR 1.99% rate during the forecast period. Factors such as the growing importance of energy efficiency and cost reduction, emphasis on digitalized technologies such as IIoT, increasing adoption of industrial automation, and optimum utilization of resources are expected to drive the market.
MES segment to grow at highest CAGR in global process automation and instrumentation market. The manufacturing execution system (MES) helps improve productivity, reduce cycle time, and eliminate human dependency for processing data. MES applications provide cost savings and opportunities in operations, and help deliver high performance of production assets across the supply chain.
Field instrument segment to account for largest share within process instrumentation in global process automation and instrumentation market. Field instruments plays an important role in process control by measuring the key elements such as temperature, pressure, flow, and level.
The process automation and instrumentation market for the pharmaceuticals industry is expected to grow at the highest CAGR. Growing competition in the industry and legislations related to this industry; increasing importance of providing precision measuring equipment to provide accurate dosage of medicine; and rising need for process automation solutions to various processes such as manufacturing, testing, drug development, packaging and distribution are among the factors that are likely to propel the growth in the pharmaceutical industry in market.
The market in APAC is expected to grow at the highest CAGR during the forecast period.
The growth of the market during the forecast period is expected due to factors such as rising infrastructural investments in the energy & power sector owing to the increase in the demand for electricity and policy makers’ pushing for better power reliability; growing demand of oil & gas and food & beverages due to rising needs of huge population, rapid industrialization, and consistent growth in the industrial activities in the Pacific region, along with favorable government policies.
Key market players includes ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Schneider Electric (France), and Honeywell International (US). The other key players in this market include companies such as General Electric (US), Mitsubishi Electric (Japan), Rockwell Automation (US), Endress+Hauser (Switzerland), Yokogawa Electric (Japan), and HollySys (China)
Key Questions Addressed by the Report
· Which process automation solution and process instrument would have the highest demand in the future?
· What are the opportunities and challenges pertaining to the process automation and instrumentation market?
· What are the key industry trends in the market?
· What would be the impact of digitalization on end-user and process automation companies?
· What role the emerging technologies such as AI, Blockchain, and 5G play in process automation?
1. Introduction
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1. Drivers
3.1.1.Importance of Energy Efficiency and Cost Reduction
3.1.2.IIoT: the Catalyst for Digitalization
3.1.3.Emphasis on Industrial Automation and Optimum Utilization of Resources
3.2. Challenges
3.2.1.High Investment for Implementation and Significant Maintenance Cost for Process Automation and Instrumentation Solutions
3.2.2.Persistent Growth in Cyberattacks and Security Issues
3.2.3.Lack of Skilled Workforce
3.3. Opportunities
3.3.1.Rising Demand for Safety Automation Systems
3.3.2.Increasing Demand for Multivariable Pressure Transmitter
4. Executive Summary
5. Process Automation and Instrumentation Market, By Technology
5.1. Complementary metal-oxide-semiconductors (CMOS)
5.2. Charge coupled devices (CCD)
6. Process Automation and Instrumentation Market, By Instrument
6.1. Field instrument
6.1.1.Pressure transmitter
6.1.2.Temperature transmitter
6.1.3.Level transmitter
6.1.4.Humidity transmitter
6.1.5.Vibration level switch
6.2. Control valve
6.2.1.Valve body
6.2.2.Actuator
6.2.3.Others
6.3. Analytical instrument
6.3.1.pH analyzer
6.3.2.Conductivity analyzer
6.3.3.Gas chromatograph
6.3.4.Liquid chromatorgraph
7. Process Automation and Instrumentation Market, By Solution
7.1. Programmable logic controller (PLC)
7.2. Distributed control system (DCS)
7.3. SCADA
7.4. Human machine interface (HMI)
7.5. Safety automation
7.6. Advanced process control (APC)
7.7. Manufacturing execution system
8. Process Automation and Instrumentation Market, By Industry
8.1. Chemicals
8.2. Energy and power
8.3. Food and beverages
8.4. Metal and mining
8.5. Oil and gas
8.6. Pharmaceuticals
8.7. Pulp and paper
8.8. Water and wastewater
8.9. Others
9. Process Automation and Instrumentation Market, By Region
9.1. North America
9.1.1.US
9.1.2.Canada
9.1.3.Mexico
9.2. Europe
9.2.1.UK
9.2.2.Germany
9.2.3.France
9.2.4.Rest of Europe
9.3. Asia Pacific
9.3.1.Japan
9.3.2.China
9.3.3.India
9.3.4.Rest of APAC
9.4. Rest of the World
9.4.1.South America
9.4.2.Middle East and Africa
10. Company Profiles
10.1. Leading Companies in Process Automation and Instrumentation Market
10.1.1. ABB
10.1.2. Emerson
10.1.3. Honeywell
10.1.4. Siemens
10.1.5. Rockwell Automation
10.1.6. General Electric
10.1.7. Schneider Electric
10.1.8. Yokogawa
10.1.9. Mitsubishi Electric
10.1.10. Hollysys
10.2. Other Companies in Process Automation and Instrumentation Market
*Company introduction, financial information, recent developments, SWOT analysis
11. Conclusion and Recommendations
12. Appendix
12.1. About
12.2. Related Reports
12.3. Glossary
