HOME Top Market Reports Process Automation & Instrumentation Market by Instrument (Pressure, Temperature, Level and Humidity Transmitter), Solutions (PLC, DCS, SCADA, HMI, APC, MES and Safety Automation), Application, and Geography - Global Trend and Forecast to 2020

Process Automation & Instrumentation Market by Instrument (Pressure, Temperature, Level and Humidity Transmitter), Solutions (PLC, DCS, SCADA, HMI, APC, MES and Safety Automation), Application, and Geography - Global Trend and Forecast to 2020

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: SE 2461

 

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The process automation & instrumentation market was valued at USD 61.33 Billion in 2014 and is expected to grow at a CAGR of 4.68% between 2015 and 2020. The base year used for the study is 2014 and the forecast period is from 2015 to 2020. This report provides a detailed analysis of the process automation & instrumentation market based on instruments, solutions, applications, and geography. It has been estimated that the application in the oil & gas sector would hold a large share of the process automation & instrumentation market; however its market growth could slow down due to the recent decline in oil prices. Applications in sectors such as pharmaceuticals, power, and pulp & paper are expected witness high CAGR between 2015 and 2020.

The research methodology used to estimate and forecast the process automation & instrumentation market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the process automation & instrumentation market from the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and sub-segments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary interviews conducted is depicted in the below figure:

Process Automation and Instrumentation Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the process automation & instrumentation market includes raw material and component suppliers, products manufacturers, distributors, system integrators, and service providers. Companies involved in the development of process automation & instrumentation includes ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), Endress+Hauser AG (Switzerland), HollySys Automation Technologies Ltd. (China), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Pepperl+Fuchs GmbH (Germany), R. STAHL AG (Germany), Rockwell Automation Inc. (U.S.), Schneider Electric SA (France), Siemens AG (Germany), and Yokogawa Electric Corporation (Japan) among others.

Key Target Audience

  • End users of process automation solutions and products
  • Original equipment manufacturers (OEM)
  • Process industry standard organizations and regulatory authorities
  • Product manufacturers
  • Research organizations
  • Service providers
  • Suppliers of process automation solutions and products
  • Technology investors
  • Government bodies such as regulating authorities and policy makers

“The study answers several questions for the target audiences, primarily which market segments to focus in the next two to five years for prioritizing efforts and investments”.

Scope of the Report:

This research report categorizes the global process automation & instrumentation market on the basis of instruments, solutions, applications, and geography.

By Instrument:

  • Field instruments
    • Pressure Transmitter
    • Temperature Transmitter
    • Level Transmitter
    • Humidity Transmitter
  • Control valves
    • Valve
    • Actuator
    • Positioner
    • I/P converter
  • Analyzers
    • PH
    • Conductivity
    • Gas chromatography
    • Liquid chromatography

By Solution:

  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Supervisory Control And Data Acquisition (SCADA)
  • Human Machine Interface (HMI)
  • Safety automation
  • Advanced Process Control (APC)
  • Manufacturing Execution Systems (MES)

By Application:

  • Oil & Gas
  • Chemical
  • Pharmaceuticals
  • Paper & Pulp
  • Water And Waste Water Treatment
  • Metals & Mining
  • Power
  • Food & Beverage

By Geography:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Available customizations:

With the given market data, MarketsandMarkets offers customizations as per a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Process Automation & Instrumentation Market Expected to Have Huge Growth Opportunity in APAC
    4.2 Process Automation & Instrumentation Market, By Application (2015–2020)
    4.3 Process Automation & Instrumentation Market, By Geography and Application
    4.4 Process Automation & Instrumentation Market, By Geography (2015)
    4.5 Process Automation & Instrumentation Market, By Field Instrument
    4.6 Process Automation & Instrumentation Market, By Solution

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Instruments
           5.2.2 By Solution
           5.2.3 By Application
           5.2.4 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Demand for Energy-Efficient Production Processes is Expected to Drive the Market
                    5.3.1.2 Rising Concerns Related to Functional Safety and Security Expected to Boost the Demand for Automation Systems
                    5.3.1.3 Demand for A Software System Which Can Determine Failures at the Component Level
                    5.3.1.4 Increasing Importance of Regulatory Compliance
                    5.3.1.5 Implementation of Automation Solutions has Become Inevitable for Manually Uncontrollable Processes
                    5.3.1.6 Predictive Maintenance and Factor Visibility for Efficient Functioning of Machines
                    5.3.1.7 Increased Labor Costs Boost the Adoption Rate of Process Automation
                    5.3.1.8 High Level of Efficiency With the Help of Wireless Networks, Field Bus, and Asset Management Systems
           5.3.2 Restraints
                    5.3.2.1 Requirement of High Investments for Implementation and Maintenance of Solutions and Devices
                    5.3.2.2 Declining Oil & Gas Prices Affect Infrastructure-Related Investments Which Impacts the Growth of the Market
           5.3.3 Opportunities
                    5.3.3.1 Government Incentives for Process Industries
                    5.3.3.2 Industrial Revolution 4.0
           5.3.4 Challenges
                    5.3.4.1 Subdued Growth in Emerging Economies and Commissioning of Greenfield Projects
                    5.3.4.2 Security Issues

6 Industry Trends (Page No. - 54)
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Analysis
           6.2.1 Intensity of Rivalry
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Buyers
           6.2.4 Bargaining Power of Suppliers
           6.2.5 Threat of New Entrants

7 Market Analysis, By Instrument (Page No. - 61)
    7.1 Introduction
    7.2 Field Instruments
           7.2.1 Pressure Transmitter
                    7.2.1.1 Flow
                    7.2.1.2 Level
                    7.2.1.3 Pressure
           7.2.2 Temperature Transmitter
           7.2.3 Level Transmitters
           7.2.4 Humidity Transmitters
    7.3 Control Valves
           7.3.1 Valve Body
           7.3.2 Actuators
           7.3.3 Positioners
           7.3.4 I/P Converters
    7.4 Analyzers
           7.4.1 Ph Analyzer
           7.4.2 Conductivity Analyzer
           7.4.3 Gas Chromatograph
           7.4.4 Liquid Chromatograph
    7.5 Communication
           7.5.1 Wired Protocols
           7.5.2 Wireless Protocols

8 Market Analysis, By Solution (Page No. - 86)
    8.1 Introduction
    8.2 Programmable Logic Controller (PLC)
    8.3 Distributed Control System (DCS)
    8.4 Supervisory Control and Data Acquisition (SCADA)
           8.4.1 Human Machine Interface (HMI)
    8.5 Safety Automation
           8.5.1 Burner Management Systems (BMS)
           8.5.2 Emergency Shutdown Systems (ESD)
           8.5.3 Fire & Gas Monitoring & Control
           8.5.4 High Integrity Pressure Protection Systems (HIPPS)
           8.5.5 Turbomachinery Control (TMC)
    8.6 Advanced Process Control (APC)
    8.7 Operator Training Simulators (OTS)
    8.8 Manufacturing Execution System (MES)

9 Market Analysis, By Application (Page No. - 111)
    9.1 Introduction
    9.2 Chemicals
    9.3 Food & Beverages
    9.4 Metals & Mining
    9.5 Oil & Gas
    9.6 Pharmaceuticals
    9.7 Power
    9.8 Pulp & Paper
    9.9 Water and Wastewater
    9.10 Others

10 Market, By Geography (Page No. - 127)
     10.1 Introduction
     10.2 North America (U.S., Canada, Mexico)
     10.3 Europe (Germany, U.K., France)
     10.4 Asia-Pacific(China, Japan, India)
     10.5 Rest of the World(Middle East, Latin America, Africa)

11 Competitive Landscape (Page No. - 140)
     11.1 Overview
     11.2 Market Ranking Analysis: Process Automation and Instrumentation Market
     11.3 Competitive Situation and Trends
             11.3.1 New Product Developments
             11.3.2 Agreements and Contracts
             11.3.3 Acquisitions and Expansions

12 Company Profiles (Page No. - 146)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Introduction
     12.2 ABB Ltd.
     12.3 Emerson Electric Company
     12.4 Honeywell International Inc.
     12.5 Rockwell Automation, Inc.
     12.6 Siemens AG
     12.7 Schneider Electric SE
     12.8 Endress+Hauser AG
     12.9 Hollysys Automation Technologies Ltd
     12.10 Mitsubishi Electric Corporation
     12.11 Pepperl+Fuchs GmbH
     12.13 R. Stahl AG
     12.14 Yokogawa Electric Corporation

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

13 Appendix (Page No. - 178)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (74 Tables)

Table 1 Process Automation & Instrumentation Market Size, 2013–2020 (USD Billion)
Table 2 Process Automation and Instrumentation Market, By Instrument
Table 3 Process Automation and Instrumentation Market, By Solution
Table 4 Process Automation and Instrumentation Market, By Application
Table 5 Rising Demand for Energy-Efficient Production Processes Expected to Boost the Market Growth
Table 6 Requirement of High Investments for Implementation and Maintenance Limits the Growth of This Market
Table 7 Government Incentives for Process Industries
Table 8 Subdued Growth and Security Issues Acts as A Challenge
Table 9 Process Automation & Instrumentation Market Size, By Instrument 2013–2020 (USD Billion)
Table 10 Process Automation & Instrumentation Market Size, By Field Instrument, 2013–2020 (USD Billion)
Table 11 Pressure Transmitters: Process Automation & Instrumentation Market Size, By Type, 2013–2020 (USD Billion)
Table 12 Pressure Transmitters: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Million)
Table 13 Pressure Transmitters: Process Automation & Instrumentation Market Size, By Region, 2013–2020 (USD Billion)
Table 14 Temperature Transmitters: Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Million)
Table 15 Temperature Transmitters: Process Automation & Instrumentation Market Size, By Region, 2013–2020 (USD Million)
Table 16 Level Transmitters: Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Million)
Table 17 Level Transmitters: Process Automation & Instrumentation Market Size, By Region, 2013–2020 (USD Million)
Table 18 Humidity Transmitters: Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Million)
Table 19 Humidity Transmitters: Process Automation & Instrumentation Market Size, By Region, 2013–2020 (USD Million)
Table 20 Process Automation & Instrumentation Market Size, By Control Valve, 2013–2020 (USD Billion)
Table 21 Control Valves: Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Billion)
Table 22 Control Valves: Process Automation & Instrumentation Market Size, By Region, 2013–2020 (USD Billion)
Table 23 Valve Bodies: Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Million)
Table 24 Actuators: Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Million)
Table 25 Positioners: Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Million)
Table 26 I/P Converters: Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Million)
Table 27 Process Automation & Instrumentation Market Size, By Analyzer , 2013–2020 (USD Billion)
Table 28 Process Automation & Instrumentation Market Size, By Solution, 2013–2020 (USD Billion)
Table 29 PLCs: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Billion)
Table 30 PLCs: Process Automation & Instrumentation Market Size, By Region, 2013–2020 (USD Billion)
Table 31 DCS: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Billion)
Table 32 DCS: Process Automation & Instrumentation Market Size, By Region, 2013–2020 (USD Billion)
Table 33 SCADA & HMI : Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Billion)
Table 34 SCADA & HMI: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Billion)
Table 35 Process Automation & Instrumentation Market Size, By Safety Automation, 2013–2020 (USD Million)
Table 36 Safety Automation: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Million)
Table 37 Safety Automation: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Million)
Table 38 BMS: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Million)
Table 39 BMS: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Million)
Table 40 ESD: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Million)
Table 41 ESD: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Million)
Table 42 FGS: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Million)
Table 43 FGS: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Million)
Table 44 HIPPS : Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Million)
Table 45 HIPPS: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Million)
Table 46 TMC: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Million)
Table 47 TMC: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Million)
Table 48 APC: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Million)
Table 49 APC: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Million)
Table 50 MES: Process Automation & Instrumentation Market Size, By Application , 2013–2020 (USD Billion)
Table 51 MES: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Billion)
Table 52 Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Billion)
Table 53 Chemicals: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 54 Food & Beverages: Process Automation & Instrumentation Market Size, By Application, 2013–2020 (USD Billion)
Table 55 Metal & Mining: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 56 Oil& Gas: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 57 Pharmaceuticals: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 58 Power: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 59 Pulp & Paper: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 60 Water & Wastewater: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 61 Others: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 62 Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Billion)
Table 63 North America: Process Automation & Instrumentation Market Size, By Country, 2013–2020 (USD Billion)
Table 64 North America: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 65 Europe: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Billion)
Table 66 Europe: Process Automation & Instrumentation Market Size, By Technology , 2013–2020 (USD Billion)
Table 67 APAC: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Billion)
Table 68 APAC: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 69 RoW: Process Automation & Instrumentation Market Size, By Geography, 2013–2020 (USD Billion)
Table 70 RoW: Process Automation & Instrumentation Market Size, By Technology, 2013–2020 (USD Billion)
Table 71 Process Automation and Instrumentation Market Ranking, By Key Player, 2014
Table 72 New Product Developments, 2012–2015
Table 73 Agreements and Contracts (2012-2015)
Table 74 Acquisitions and Expansions (2012-2015)


List of Figures (94 Figures)

Figure 1 Markets Covered
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Process Automation & Instrumentation Market Segmentation
Figure 7 PLCs Expected to Lead the Process Automation Market
Figure 8 Process Automation & Instrumentation Market Snapshot, By Application (2015 vs 2020): Oil & Gas Expected to Be the Largest Market During the Forecast Period
Figure 9 Process Automation & Instrumentation Market, By Geography, 2015
Figure 10 Attractive Growth Opportunities in the Process Automation & Instrumentation Market
Figure 11 Oil & Gas Expected to Hold the Largest Market Share During the Forecast Period (2015–2020)
Figure 12 Asia-Pacific Held the Largest Share of the Process Automation & Instrumentation Market in 2015
Figure 13 U.S. Held the Largest Share of the Process Automation & Instrumentation Market, 2015
Figure 14 Pressure Transmitters Led the Overall Field Instrument Market in 2015
Figure 15 PLCs to Lead the Process Automation & Instrumentation Market (2015)
Figure 16 Market, By Geography
Figure 17 Demand for Process Automation and Instrumentation Expected to Grow Because of the Need for Energy-Efficient Production Processes
Figure 18 Declining Oil Prices
Figure 19 Value Chain Analysis: Maximum Value Added During Instrument Manufacturing & Systems Integration Stages
Figure 20 Bargaining Power of Buyers Expected to Have A High Impact
Figure 21 Porter’s Five Forces Analysis
Figure 22 Process Automation & Instrumentation Market: Intensity of Rivalry
Figure 23 Process Automation & Instrumentation Market: Threat of Substitutes
Figure 24 Process Automation & Instrumentation Market: Bargaining Power of Buyers
Figure 25 Process Automation & Instrumentation Market: Bargaining Power of Suppliers
Figure 26 Process Automation & Instrumentation Market: Threat of New Entrants
Figure 27 Field Instruments Expected to Have the Largest Market Size By 2020
Figure 28 Pressure Transmitters Expected to Hold A Large Market Share By 2020
Figure 29 Flow Transmitters Expected to Grow at A High CAGR Between 2015 and 2020
Figure 30 Chemical and Power Sectors are the Most Promising Markets for Pressure Transmitters
Figure 31 Market in the Power Sector to Grow at the Highest CAGR Between 2015 and 2020
Figure 32 Application of Level Transmitters to Grow in the Oil & Gas Sector By 2020
Figure 33 Level Transmitter Market in APAC Expected to Grow at A High CAGR Between 2015 and 2020
Figure 34 Market for Humidity Transmitters in Food & Beverages Expected to Grow at A High CAGR Between 2015 and 2020
Figure 35 Actuators Expected to Have the Largest Market During the Forecast Period
Figure 36 Control Valves Expected to Have High Growth Potential in Asia-Pacific
Figure 37 Market for Water & Wastewater Expected to Grow at A High CAGR During the Forecast Period
Figure 38 Water & Wastewater Expected to Grow at A High CAGR During the Forecast Period
Figure 39 Positioners to Have the Largest Application in Oil & Gas During the Forecast Period
Figure 40 Application in the Water & Wastewater Sector Expected to Grow at A High CAGR During the Forecast Period
Figure 41 Liquid Chromatography to Exhibit High Growth Between 2015 and 2020
Figure 42 PLCs Expected to Have the Largest Market Size By 2020
Figure 43 Market for PLCs in the Water and Wastewater Application Expected to Grow at the Highest CAGR During the Forecast Period
Figure 44 Market for DCS in North America Expected to Be the Largest
Figure 45 Functions of SCADA
Figure 46 Market for Oil & Gas in SCADA and HMIS Expected to Be the Largest
Figure 47 Emergency Shutdown Systems Expected to Hold A Large Market Share By 2020
Figure 48 Safety Automation in APAC Expected to Witness High Growth During the Forecast Period
Figure 49 Europe Expected to Have A Large Market for BMS By 2020
Figure 50 Application in the Power Sector Expected to Lead the ESD Market Between 2015 and 2020
Figure 51 Market for FGS in the Power Sector Expected to Grow at the Highest CAGR Between 2015 and 2020
Figure 52 Europe Expected to Hold the Largest Market Share for HIPPS During the Forecast Period
Figure 53 Europe Expected to Have A Large Market for TMC, By 2020
Figure 54 Market for APC in the Water & Wastewater Sector to Grow at the Highest CAGR Between 2015 and 2020
Figure 55 Application of MES in the Power Sector to Hold the Largest Market, By 2020
Figure 56 Market Scope of Process Automation and Instrumentation
Figure 57 Application in the Oil & Gas Sector Expected to Have the Largest Market By 2020
Figure 58 Market for Solutions Expected to Grow at A High CAGR During the Forecast Period
Figure 59 Processes Used in Food & Beverages Industry
Figure 60 Market for Food & Beverages in Process Automation & Instrumentation Expected to Grow at A High CAGR
Figure 61 Instruments in Metal & Mining Expected to Have A Large Market By 2020
Figure 62 Solutions Market in the Oil & Gas Sector Expected to Grow at the Highest CAGR Between 2015 and 2020
Figure 63 Market for Solutions in the Pharmaceutical Sector Expected to Grow at A High Rate
Figure 64 Market for Solutions in the Power Sector to Grow at the Highest CAGR Between 2015 and 2020
Figure 65 Solutions Expected to Hold A Large Share of the Market in the Pulp & Paper Sector, By 2020
Figure 66 Solutions Expected to Hold the Largest Market By 2020
Figure 67 Solutions Expected to Hold A Major Share of the Market for Other Applications
Figure 68 Geographic Snapshot: Global Process Automation & Instrumentation Market
Figure 69 Market in APAC Expected to Grow at A High Rate Between 2015 and 2020
Figure 70 North America: Market Snapshot (2014–2020): Demand Likely to Be Driven By Pressure Transmitters
Figure 71 Market for Solutions in North America Expected to Grow at High Rate During the Forecast Period
Figure 72 Germany Expected to Witness Highest Growth in Europe
Figure 73 Asia-Pacific Process Automation & Instrumentation Market Snapshot: China Expected to Be the Most Lucrative Market
Figure 74 Market in the Middle East Expected to Grow at A High Rate During the Forecast Period
Figure 75 Companies Adopted Agreements and Contracts as the Key Growth Strategy Between 2012 and 2015
Figure 76 Market Evolution Framework: New Product Development Fuelled Growth in the Process Automation and Instrumentation Market
Figure 77 Battle for Market Share: New Product Developments Was the Key Strategy
Figure 78 Geographic Revenue Mix of Top Five Market Players (2014)
Figure 79 ABB Ltd.: Company Snapshot
Figure 80 ABB Ltd.: SWOT Analysis
Figure 81 Emerson Electric Company: Company Snapshot
Figure 82 Emerson Electric Company: SWOT Analysis
Figure 83 Honeywell International Inc.: Company Snapshot
Figure 84 Honeywell International Inc.: SWOT Analysis
Figure 85 Rockwell Automation, Inc.: Company Snapshot
Figure 86 Rockwell Automation Inc.: SWOT Analysis
Figure 87 Siemens AG: Company Snapshot
Figure 88 Siemens AG: SWOT Analysis
Figure 89 Schneider Electric SE: Company Snapshot
Figure 90 Endress+Hauser AG : Company Snapshot
Figure 91 Hollysys Automation Technologies Ltd.: Company Snapshot
Figure 92 Mitsubishi Electric Corporation: Company Snapshot
Figure 93 R. Stahl AG: Company Snapshot
Figure 94 Yokogawa Electric Corporation: Company Snapshot

The process automation & instrumentation market is expected to reach USD 81.69 Billion by 2020 at a CAGR of 4.68% between 2015 and 2020. The growth of the process automation & instrumentation market is driven by factors such as the increasing demand for energy-efficient production process, rising concerns related to functional safety, and the demand for a software system to determine failures at the component level. Factors such as the increasing importance of regulatory compliance, implementation of automation solutions for manually uncontrollable processes, predictive maintenance and factor visibility, increased labor cost, high level of efficiency with the help of wireless networks are also supporting the growth of the process automation & instrumentation market.

The process automation & instrumentation market in pharmaceuticals, power, and pulp & paper sectors has been estimated to grow at a high CAGR compared to other application sectors. Companies are implementing automation products and services to meet stringent rules and regulation requirements in the pharmaceuticals industry. This helps in maintaining the production process and production specification under control. The implementation of process automation & instrumentation in power and paper & pulp applications helps in improving the efficiency of their production processes. There are certain critical processes in the power application, which are difficult to be controlled manually; therefore automation is required.

The market for software products such as human machine interfaces (HMI), advanced process controls (APC), and manufacturing execution systems (MES) in process automation & instrumentation is expected to grow at a higher CAGR compared to that for non-software based products. This is mainly due to the fact that software systems help in identifying and collecting data regarding the problem area in a production process. Companies are actively looking for such software products, which would help in increasing the production efficiency by eliminating wastage and in-efficient elements in the production process.

North America accounted for the largest market share in 2014; however, the market in APAC is expected to grow at a high CAGR between 2015 and 2020. The growth of the industrial activities in APAC coupled with increasing cost pressure and production rate has led to the increasing demand to implement process automation products and services. Applications in oil & gas accounted for a large share of the process automation & instrumentation market; however, its growth rate is very slow. This is mainly due to the declining oil prices.

Process Automation and Instrumentation Market

The restraint for development of the market is the high investment required for the implementation and maintenance of solutions and devices, and declining oil & gas prices. Declining oil prices are considered to be a major restraining factor for market growth. If the declining trend of oil prices continues then the growth of process automation, especially in the oil and gas application would also slow down. ABB Ltd. is considered as one of the important players in the development of process automation & instrumentation market. ABB invests heavily in R&D for designing innovative products to match the market needs and explore new opportunities to drive growth and profitability. Moreover, the company has signed many contracts which enabled it to strengthen its market presence in the ecosystems of process automation. Recently in July 2015, it signed a contract with Hyundai Heavy Industries Co. Ltd (South Korea) for electrical and telecommunication systems, in which it will provide solutions for power management, power-from-shore, and telecom systems. Emerson Electric Company (U.S.), Honeywell International Inc. (U.S.), Siemens AG (Germany), and Rockwell Automation Inc. (U.S.) among others are considered as important players in the development of process automation.

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