Process Automation and Instrumentation Market to Suffer Slight Decline in 2020,

Posted by aliena on December 11th, 2020

Report Synopsis

Future Market Insights (FMI) offers a 10-year forecast of the process automation and instrumentation market between 2017 and 2027. In terms of value, the process automation and instrumentation market is expected to register a single digit CAGR during the forecast period. This study demonstrates the global dynamics of process automation and instrumentation market and trends across seven regions, namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA, which influence the current nature and future status of the process automation and instrumentation market over the forecast period.

Report Description

This research report provides a detailed analysis of the process automation and instrumentation market and offers insights on the various factors driving the popularity of process automation and instrumentation market. The report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The process automation and instrumentation market report segregates the market based on technology, application and different regions globally.

The process automation and instrumentation market is expected to witness steady value growth during the forecast period owing to an increase in the demand for Industrial Internet of Things (IIoT) and data-driven technologies by various industry verticals.

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The report starts with an overview of the process automation and instrumentation market in terms of value. In addition, this section includes an analysis of key trends, drivers and challenges from the supply, demand and economy side, which are influencing the process automation and instrumentation market.

The process automation and instrumentation market is classified on the basis of instrument type, solutions, application, and region. By instrument type, the process automation and instrumentation market is sub-segmented into transmitters, flow meters, analysers, controllers, switches, recorders, switches, and vacuum instruments. By solutions, the global process automation and instrumentation market is segmented in to PLC, SCADA, DCS, HMI, APC, MES, and safety automation. Furthermore, by application, the global process automation and instrumentation market is segmented into chemical, metal & mining, food & beverage, oil & gas, pharmaceutical, pulp & paper, wastewater treatment, power, and others. The chemical sub-segment accounted for a relatively higher share owing to an increase in the demand due to technological advancements in the chemical industry worldwide.