MARKET INTRODUCTION

Process Automation & Instrumentation involves usage of hardware, software, and computing technologies that persuades the process of human thoughts into a computerized model. The information is stored and analyzed on a computer by using sensors that collect data on pressures, flows, and temperatures, among other devices. The industries using these systems and solutions with big data analytics to get better and accurate results. The partnerships among industrial software developer, semiconductor component manufactures, and industrial automation equipment manufacturers are creating avenues for the growth of overall process automation and instrumentation market.

MARKET DYNAMICS

The key factors that are contributing to the growth of the process automation and instrumentation market are the rising focus on industrial automation & best utilization of resources, and the proliferation of IIoT. Further, the increasing demand for safety automation systems and rise in the adoption of new technologies in floor operations are anticipated to boost the process automation and instrumentation market growth.

MARKET SCOPE

The "Global Process Automation and Instrumentation Market Analysis to 2028" is a specialized and in-depth study of the process automation and instrumentation industry with a special focus on the global market trend analysis. The report aims to provide an overview of process automation and instrumentation market with detailed market segmentation by instrument, solution, industry vertical, and geography. The global process automation and instrumentation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading process automation and instrumentation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global process automation and instrumentation market is segmented on the basis of instrument, solution, and industry vertical. Based on instrument, the market is segmented as field instrument, control valve, and analytical instrument. Further, based on solution, the process automation and instrumentation market is divided into distributed control system, SCADA, programmable logic controller, manufacturing execution system, human machine interface, and others. Furthermore, on basis of industry vertical, process automation and instrumentation market is segmented as metals and mining, food and beverages, oil and gas, water and waste water treatment, paper and pulp, chemical and petrochemical, pharmaceutical, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global process automation and instrumentation market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The process automation and instrumentation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting process automation and instrumentation market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the process automation and instrumentation market for each region.

MARKET PLAYERS

The reports cover key developments in the process automation and instrumentation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from process automation and instrumentation market are anticipated to lucrative growth opportunities in the future with the rising demand for process automation and instrumentation in the global market. Below mentioned is the list of few companies engaged in the process automation and instrumentation market.

The report also includes the profiles of key process automation and instrumentation companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

- ABB Ltd.

- Eaton Corporation

- Emerson Electric Co.

- General Electric Company

- Honeywell International, Inc.

- Mitsubishi Electric Corporation (Mitsubishi Corporation)

- Rockwell Automation, Inc.

- Schneider Electric SE

- Siemens AG

- Yokogawa Electric Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.