Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analytical Instrument), Solution (APC, DCS, HMI, MES, PLC, Safety Automation, SCADA), Industry, and Geography - Global Forecast to 2024
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Request Now[203 Pages Report] The process automation and instrumentation market is estimated to be worth USD 71.4 billion in 2019 and is projected to reach USD 95.5 billion by 2024, at a CAGR of 6.0%. The growth of this market is propelled by 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.
“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. MES provides information that helps manufacturers understand about the current conditions of the plant floor, which can be optimized to improve the production output. MES works in real time to enable the control of multiple elements of the complex production process, e.g., personnel, inputs, machines, and support services.
“Field instrument segment to account for largest share within process instrumentation in global process automation and instrumentation market”
Field instruments play a important role in process control by measuring the key elements such as temperature, pressure, flow, and level. Field instruments assist in managing plant assets, enhancing plant safety, and optimizing overall production processes through data acquisition, control, and measurement. It is imperative to obtain information quickly, smoothly, securely, and accurately from field instrument by measuring key elements of process control—temperature, pressure, flow, and level—is essential to achieve optimum productivity at sites.
“Pharmaceuticals industry to register at highest CAGR in global process automation and instrumentation market”
The process automation and instrumentation market for the pharmaceuticals industry is expected to grow at the highest CAGR from 2019 to 2024. Growing competition in the industry and legistations 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. Moreover, due to the involvement of complex manufacturing processes such as milling, granulation, coating, and tablet pressing in pharmaceutical companies, there is growing need for process automation solutions, which, in turn, is likely to to drive the demand for market.
“APAC to be fastest-growing region in process automation and instrumentation market from 2019 to 2024”
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. The market for the pharmaceuticals industry in APAC is also growing due to low-cost factors and changing regulatory environment.
Key Market Players
The global process automation and instrumentation market is dominated by 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).
Emerson Electric (US) is among the major leaders in the process automation and instrumentation market. The company manufactures products and provides services to a wide range of markets, including commercial, and industrial. Emerson’s Automation Solutions segment is engaged in automating the production and distribution processes in industries such as chemicals, oil & gas, power generation, water & wastewater treatment, pulp & paper, metals & mining, packaging, and food & beverages. The company focuses on bringing innovative products in the market by creating a diversified portfolio of process automation and instrumentation market. In addition, a wide range of process industries are served by the company, which is its major strength.
Schneider Electric (France) specializes in automation solutions and energy management, including hardware, software, and services. The company is strategically positioned in the process automation and instrumentation market due to its energy efficient and safety products. Also, it is strategically positioned in process design, simulation and optimization, visualization and supervisory control, real-time operation management, asset management, and information management. The company offers process automation and instrumentation products to various industries, including oil & gas, cement & minerals, chemicals, water & waste water, metals & mining, and food & beverages/consumer packaged goods. The company offers real-time data analytics for predictive maintenance and improved asset performance management products. Owing to multiple distribution channels such as distributors, system integrators, contractors, panel builders, electricians, and machine manufacturers, the company is gaining a competitive advantage.
Scope of the Report:
|
Report Metric |
Details |
|
Market size available for years |
2016–2024 |
|
Base year considered |
2018 |
|
Forecast period |
2019–2024 |
|
Forecast units |
Value (USD) |
|
Segments covered |
Instrument, Solution, Industry, and Geography |
|
Geographies covered |
North America, Europe, Asia Pacific, and RoW |
|
Companies covered |
ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Schneider Electric (France), Honeywell International (US). |
This research report categorizes the global process automation and instrumentation market by instrument, solution, industry, and geography.
Process automation and instrumentation market, by Instrument:
- Field Instrument
- Control Valve
- Analytical Instrument
Process automation and instrumentation market, by Solution:
- PLC
- DCS
- SCADA
- HMI
- Safety Automation
- APC
- MES
Process automation and instrumentation market, by Industry:
- Food & Beverages
- Pharmaceuticals
- Chemicals
- Energy & Power
- Oil & Gas
- Metals & Mining
- Water & Wastewater
- Pulp & Paper
- Others
Geographic Analysis:
- North America
- Europe
- Asia Pacific
- Rest of the World
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 technolies such as AI, Blockchain, and 5G play in process automation?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 19)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 23)
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 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 40)
4.1 Process Automation and Instrumentation Market, 2019–2024 (USD Billion)
4.2 Process Automation and Instrumentation Market (2019–2024)
4.3 Process Automation and Instrumentation Market, By Instrument (2018–2024)
4.4 Process Automation and Instrumentation Market, By Solution (2019–2024)
4.5 Process Automation and Instrumentation Market, By Industry, 2018
5 Market Overview (Page No. - 44)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Importance of Energy Efficiency and Cost Reduction
5.2.1.2 IIoT: the Catalyst for Digitalization
5.2.1.3 Emphasis on Industrial Automation and Optimum Utilization of Resources
5.2.2 Restraints
5.2.2.1 High Investment for Implementation and Significant Maintenance Cost for Process Automation and Instrumentation Solutions
5.2.3 Opportunities
5.2.3.1 Rising Demand for Safety Automation Systems
5.2.3.2 Increasing Demand for Multivariable Pressure Transmitter
5.2.4 Challenges
5.2.4.1 Persistent Growth in Cyberattacks and Security Issues
5.2.4.2 Lack of Skilled Workforce
5.3 Industrial Safety and Process Automation
5.3.1 Safety Integrity Level (SIL)
5.3.2 Industrial Safety Standards
5.3.2.1 IEC 61508
5.3.2.2 IEC 61511
5.3.2.3 IEC 62061
5.3.2.4 IEC 62443
5.4 Key Partnerships for Digitalization in Process Automation Industry
6 Process Automation and Instrumentation Market, By Instrument (Page No. - 52)
6.1 Introduction
6.2 Field Instrument
6.2.1 Pressure Transmitter
6.2.1.1 Types of Pressure Transmitters
6.2.1.1.1 Absolute Pressure Transmitter
6.2.1.1.1.1 Absolute Pressure Transmitters Provide Accurate Measurements
6.2.1.1.2 Gauge Pressure Transmitter
6.2.1.1.2.1 Wide Usage of Gauge Pressure Transmitters Owing to Their Unique Features
6.2.1.1.3 Differential Pressure Transmitter
6.2.1.1.3.1 Differential Pressure Transmitter is Mostly Preferred in Various Industries
6.2.1.1.4 Multivariable Pressure Transmitter
6.2.1.1.4.1 Multivariable Pressure Transmitters Offer Greater Insight Into the Measurement Process Because of Its Intelligence and Versatile Performance
6.2.2 Temperature Transmitter
6.2.2.1 Energy & Power Industry is A Prominent Market for Temperature Transmitters
6.2.3 Level Transmitter
6.2.3.1 Water & Wastewater A Key Industry for Level Transmitters
6.2.3.2 Level Transmitters, By Technology
6.2.3.2.1 Capacitive Level Transmitter
6.2.3.2.1.1 Capacitive is A Cost Effective and Simple Technology
6.2.3.2.2 Ultrasonic Level Transmitter
6.2.3.2.2.1 Ultrasonic Level Transmitter is Easy to Install on Tanks
6.2.3.2.3 Radar Level Transmitter
6.2.3.2.3.1 Contact Level Transmitter (Guided Wave Radar)
6.2.3.2.3.2 Noncontact Radar Level Transmitter
6.2.3.2.4 Differential Pressure/Hydrostatic
6.2.3.2.4.1 Differential Pressure/Hydrostatic Level Transmitter Likely to Hold Largest Market Share From 2019 to 2024
6.2.3.2.5 Magnetostrictive Level Transmitter
6.2.3.2.5.1 Magnetostrictive Level Transmitter Works Well With Clean Liquids and is Accurate and Adaptable to Wide Variations in Fluid Densities
6.2.3.2.6 Radiometric Level Transmitter
6.2.3.2.6.1 Radiometric Level Transmitter is Mainly Used in Metals & Mining Industry
6.2.3.2.7 Others
6.2.4 Humidity Transmitter
6.2.4.1 Adverse Effects of Humidity on Textile Products Propel the Use of Humidity Transmitters
6.2.5 Vibration Level Switch
6.2.5.1 Vibration Level Switch, By Technology
6.2.5.1.1 Vibrating Fork
6.2.5.1.2 Vibrating Rod
6.3 Control Valve
6.3.1 Valve Body
6.3.1.1 Different Parts of Valve Body
6.3.2 Actuator
6.3.2.1 Types of Control Valve Actuators
6.3.3 Others
6.3.3.1 Key Suppliers of Valve Positioners
6.4 Analytical Instrument
6.4.1 Ph Analyzer
6.4.1.1 Effect of Temperature on Ph Measurement
6.4.2 Conductivity Analyzer
6.4.2.1 Applications of Conductivity Analyzer
6.4.3 Gas Chromatograph
6.4.3.1 Components of A Gas Chromatograph
6.4.4 Liquid Chromatograph
6.4.4.1 Advanced and Specialty Liquid Chromatography Systems
7 Process Automation and Instrumentation Market, By Solution (Page No. - 82)
7.1 Introduction
7.2 Programmable Logic Controller (PLC)
7.2.1 Proliferation of Micro and Nano PLCs in Process Automation and Instrumentation Market
7.3 Distributed Control System (DCS)
7.3.1 Expansion of Infrastructure in Process Industries
7.4 SCADA
7.4.1 Rising Demand for Automated Solutions in Process Industry Driving Adoption of SCADA
7.5 Human Machine Interface (HMI)
7.5.1 Advancement of Industrial Internet of Things (IIoT) to Drive Growth of HMI Solutions
7.6 Safety Automation
7.6.1 Emergency Shutdown System (ESD)
7.6.1.1 ESD: A Solutions to Ensure Safety in Critical Processes
7.6.2 Fire and Gas Monitoring & Control (F&G)
7.6.2.1 Detector is A Crucial Part of F&G System
7.6.3 High Integrity Pressure Protection System (HIPPS)
7.6.3.1 Wide Application Areas of HIPPS
7.6.4 Burner Management System (BMS)
7.6.4.1 Boiler Safety is the Principal Rationale for Adopting BMS
7.6.5 Turbomachinery Control (TMC)
7.6.5.1 Functional Safety of Compressors and Turbines is Vital in Process Industry
7.7 Advanced Process Control (APC)
7.7.1 Increasing Adoption of Advanced Process Control Technology Maximizes Output of Process Industry
7.8 Manufacturing Execution System (MES)
7.8.1 MES Likely to Benefit Process Industry
8 Process Automation and Instrumentation Market, By Industry (Page No. - 107)
8.1 Introduction
8.2 Chemicals
8.2.1 China, European Union (EU), and the US are Major Producers of Chemicals
8.3 Energy & Power
8.3.1 Increasing Demand for Electrical Energy Propels Demand for Process Automation and Instrumentation Solutions
8.4 Food & Beverages
8.4.1 Adoption of Process Automation Solutions Minimizes Food Production Processes Effort
8.5 Metals & Mining
8.5.1 Process Automation and Instrumentation Supports in Controlling and Monitoring of Processes Involved in Metals & Mining
8.6 Oil & Gas
8.6.1 Increasing Oil Production Requires Efficient Oil Production Processses
8.7 Pharmaceuticals
8.7.1 Process Automation and Instrumentation Applicable in Diverse Processes in Pharmaceutical Industry
8.8 Pulp & Paper
8.8.1 US is A Major Producer of Pulp in Global Market
8.9 Water & Wastewater
8.9.1 Process Automation Solutions to Improve Water Treatment Processes
8.10 Others
8.10.1 Increasing Cement Production Leading to Adoption of Process Automation and Instrumentation Solutions
9 Process Automation and Istrumentation Market, By Geography (Page No. - 120)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Oil Industry in US is Propelling Growth Opportunities in Process Automation Market
9.2.2 Canada
9.2.2.1 Canadian Suppliers to Help Modernizing Process Automation Sector
9.2.3 Mexico
9.2.3.1 Industry 4.0: A Challenging Opportunity for Mexico
9.3 Europe
9.3.1 Germany
9.3.1.1 Major Suppliers of Field Instruments are Based in Germany
9.3.2 UK
9.3.2.1 Rising Need for Automation in Food & Beverage to Drive Process Automation Systems
9.3.3 France
9.3.3.1 Government Support the Adoption of Process Automation Solutions in France
9.3.4 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 Scope of SCADA System in Water & Wastewater Industry in China
9.4.2 Japan
9.4.2.1 Higher Labor Wages in Country Lead to Adoption of Process Automation Solutions
9.4.3 India
9.4.3.1 Make in India Campaign to Encourage Process Industries in Country
9.4.4 Rest of APAC
9.5 RoW
9.5.1 Middle East & Africa
9.5.1.1 Importance of Automation in Mining Industry Leading to Growth Opportunities for Process Automation and Instrumentation Market in Africa
9.5.2 South America
9.5.2.1 Brazil: an Important Market for Process Automation in South America
10 Competitive Landscape (Page No. - 136)
10.1 Overview
10.2 Competitive Analysis
10.2.1 Market Ranking Analysis: Process Automation & Instrumentation Market, 2018
10.2.2 Revenue Growth and Profit Margin Analysis for Top Selected Companies in Process Automation and Instrumentation Market
10.3 Competitive Leadership Mapping, 2018
10.3.1 Vanguards
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Situation and Trends
10.4.1 Agreements, Contracts, Joint Ventures, Collaborations & Partnerships
10.4.2 Product Launches
10.4.3 Acquisitions and Expansions
11 Company Profiles (Page No. - 152)
11.1 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1.1 ABB
11.1.2 Emerson
11.1.3 Honeywell
11.1.4 Siemens
11.1.5 Rockwell Automation
11.1.6 General Electric
11.1.7 Schneider Electric
11.1.8 Yokogawa
11.1.9 Mitsubishi Electric
11.1.10 Hollysys
11.1.11 Endress+Hauser
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
11.2 Other Players
11.2.1 Omron
11.2.2 Wika
11.2.3 Azbil
11.2.4 Fuji Electric
11.2.5 Hitachi
11.2.6 Xylem
11.2.7 Hach
11.2.8 Thermo Fisher Scientific
11.2.9 Shimadzu
11.2.10 Hima
11.2.11 Delta Electronics
11.2.12 Ametek
11.2.13 Burkert
11.2.14 Krohne
12 Appendix (Page No. - 196)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (63 Tables)
Table 1 Process Automation and Instrumentation Market, By Instrument, 2016–2024 (USD Billion)
Table 2 Process Automation and Instrumentation Market for Instruments, By Region, 2016–2024 (USD Billion)
Table 3 Process Automation and Instrumentation Market for Field Instruments, By Type, 2016–2024 (USD Million)
Table 4 Process Automation and Instrumentation Market for Field Instruments, By Industry, 2016–2024 (USD Million)
Table 5 Process Automation and Instrumentation Market for Field Instruments, By Region, 2016–2024 (USD Million)
Table 6 Process Automation and Instrumentation Market for Pressure Transmitters, By Industry, 2016–2024 (USD Million)
Table 7 Process Automation and Instrumentation Market for Pressure Transmitters, By Region, 2016–2024 (USD Million)
Table 8 Process Automation and Instrumentation Market for Pressure Transmitters, By Type, 2016–2024 (USD Million)
Table 9 Process Automation and Instrumentation Market for Temperature Transmitters, By Industry, 2016–2024 (USD Million)
Table 10 Process Automation and Instrumentation Market for Temperature Transmitters, By Region, 2016–2024 (USD Million)
Table 11 Process Automation and Instrumentation Market for Level Transmitters, By Industry, 2016–2024 (USD Million)
Table 12 Process Automation and Instrumentation Market for Level Transmitters, By Region, 2016–2024 (USD Million)
Table 13 Process Automation and Instrumentation Market for Level Transmitters, By Type, 2016–2024 (USD Million)
Table 14 Process Automation and Instrumentation Market for Humidity Transmitters, By Industry, 2016–2024 (USD Million)
Table 15 Process Automation and Instrumentation Market for Humidity Transmitters, By Region, 2016–2024 (USD Million)
Table 16 Process Automation and Instrumentation Market for Vibration Level Switches, By Technology, 2016–2024 (USD Million)
Table 17 Process Automation and Instrumentation Market for Vibration Level Switches, By Industry, 2016–2024 (USD Million)
Table 18 Process Automation and Instrumentation Market for Vibration Level Switches, By Region, 2016–2024 (USD Million)
Table 19 Process Automation and Instrumentation Market for Control Valves, By Industry, 2016–2024 (USD Million)
Table 20 Process Automation and Instrumentation Market for Control Valves, By Region, 2016–2024 (USD Million)
Table 21 Process Automation and Instrumentation Market, By Analytical Instrument, 2016–2024 (USD Million)
Table 22 Process Automation and Instrumentation Market for Analytical Instruments, By Industry, 2016–2024 (USD Million)
Table 23 Process Automation and Instrumentation Market for Analytical Instruments, By Region, 2016–2024 (USD Million)
Table 24 Process Automation and Instrumentation Market, By Solution, 2016–2024 (USD Billion)
Table 25 Process Automation and Instrumentation Market for Pharmaceuticals Industry, By Type, 2016–2024 (USD Million)
Table 26 Process Automation and Instrumentation Market for Solutions, By Region, 2016–2024 (USD Billion)
Table 27 Process Automation and Instrumentation Market for PLC, By Industry, 2016–2024 (USD Million)
Table 28 Process Automation and Instrumentation Market for PLC, By Region, 2016–2024 (USD Million)
Table 29 Process Automation and Instrumentation Market for DCS, By Industry, 2016–2024 (USD Million)
Table 30 Process Automation and Instrumentation Market for DCS, By Region, 2016–2024 (USD Million)
Table 31 Process Automation and Instrumentation Market for SCADA, By Architecture, 2016–2024 (USD Million)
Table 32 Process Automation and Instrumentation Market for SCADA, By Industry, 2016–2024 (USD Million)
Table 33 Process Automation and Instrumentation Market for SCADA, By Region, 2016–2024 (USD Million)
Table 34 Process Automation and Instrumentation Market for HMI, By Industry, 2016–2024 (USD Million)
Table 35 Process Automation and Instrumentation Market for HMI, By Region, 2016–2024 (USD Million)
Table 36 Process Automation and Instrumentation Market for Safety Automation, By Industry, 2016–2024 (USD Million)
Table 37 Process Automation and Instrumentation Market for Safety Automation, By Type, 2016–2024 (USD Million)
Table 38 Process Automation and Instrumentation Market for Safety Automation, By Region, 2016–2024 (USD Million)
Table 39 Process Automation and Instrumentation Market for Emergency Shutdown System, By Industry, 2016–2024 (USD Million)
Table 40 Process Automation and Instrumentation Market for ESD, By Region, 2016–2024 (USD Million)
Table 41 Process Automation and Instrumentation Market for F&G, By Industry, 2016–2024 (USD Million)
Table 42 Process Automation and Instrumentation Market for F&G, By Region, 2016–2024 (USD Million)
Table 43 Process Automation and Instrumentation Market for HIPPS, By Industry, 2016–2024 (USD Million)
Table 44 Process Automation and Instrumentation Market for HIPPS, By Region, 2016–2024 (USD Million)
Table 45 Process Automation and Instrumentation Market for BMS, By Industry, 2016–2024 (USD Million)
Table 46 Process Automation and Instrumentation Market for BMS, By Region, 2016–2024 (USD Million)
Table 47 Process Automation and Instrumentation Market for TMC, By Industry, 2016–2024 (USD Million)
Table 48 Process Automation and Instrumentation Market for TMC, By Region, 2016–2024 (USD Million)
Table 49 Process Automation and Instrumentation Market for APC, By Industry, 2016–2024 (USD Million)
Table 50 Process Automation and Instrumentation Market for APC, By Region, 2016–2024 (USD Million)
Table 51 Process Automation and Instrumentation Market for MES, By Industry, 2016–2024 (USD Million)
Table 52 Process Automation and Instrumentation Market for MES, By Region, 2016–2024 (USD Million)
Table 53 Process Automation and Instrumentation Market, By Industry, 2016–2024 (USD Billion)
Table 54 Process Automation and Instrumentation Market for Solutions, By Industry, 2016–2024 (USD Billion)
Table 55 Process Automation and Instrumentation Market for Instruments, By Industry, 2016–2024 (USD Billion)
Table 56 Process Automation & Instrumentation Market, By Region, 2016–2024 (USD Billion)
Table 57 Process Automation and Instrumentation Market in North America, By Country, 2016–2024 (USD Billion)
Table 58 Process Automation & Instrumentation Market in Europe, By Country, 2016–2024 (USD Billion)
Table 59 Process Automation & Instrumentation Market in APAC, By Country, 2016–2024 (USD Billion)
Table 60 Process Automation & Instrumentation Market in RoW, By Region, 2016–2024 (USD Billion)
Table 61 Agreement, Contract, Joint Venture, Collaboration, & Partnership, 2017–2018
Table 62 Product Launch, 2017–2018
Table 63 Acquisition and Expansion, 2017–2018
List of Figures (62 Figures)
Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Process Automation and Instrumentation Market: Bottom-Up Approach
Figure 4 Process Automation and Instrumentation Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Process Automation and Instrumentation Market Segmentation
Figure 7 Process Automation and Instrumentation Market Size (2018–2024)
Figure 8 Process Automation and Instrumentation Market Snapshot (2018 vs 2024): Solution Segment to Exhibit Higher Growth Rate
Figure 9 Key Emerging Technologies and Their Impact on Process Automation
Figure 10 Major Challenge in Adoption of Process Automation
Figure 11 Profit Margin Analysis for Selected Process Automation and Instrumentation Companies (2017 & 2018)
Figure 12 Partnerships to Leverage “Digital” are at Forefront of Process Automation Ecosystem
Figure 13 Process Automation & Instrumentation Market, By Instrument, 2019
Figure 14 Process Automation & Instrumentation Market, By Solution, 2019
Figure 15 Process Automation & Instrumentation Market, By Industry (2018 vs 2024)
Figure 16 Process Automation and Instrumentation Market, By Region, 2018
Figure 17 Attractive Growth Opportunities in Process Automation and Instrumentation Market
Figure 18 Solutions to Hold Larger Share of Process Automation and Instrumentation Market in 2019
Figure 19 Control Valve to Register at Highest CAGR During Forecast Period
Figure 20 MES to Grow at Highest CAGR During Forecast Period
Figure 21 Oil & Gas Industry Accounted for Largest Share of Process Automation and Instrumentation Market in 2018
Figure 22 DROC: Process Automation & Instrumentation Market
Figure 23 Partnerships to Leverage “Digital” are at Forefront of Process Automation Ecosystem
Figure 24 Process Automation and Instrumentation Market, By Instrument
Figure 25 Process Automation and Instrumentation Market, By Field Instrument
Figure 26 Process Automation and Instrumentation Market, By Control Valve
Figure 27 Process Automation and Instrumentation Market, By Analytical Instrument
Figure 28 Applications of Conductivity Analyzer
Figure 29 Components of A Gas Chromatograph
Figure 30 Process Automation and Instrumentation Market, By Solution
Figure 31 Functions of SCADA
Figure 32 Safety Automation Market, By Type
Figure 33 Applications of HIPPS in Process Industry
Figure 34 Process Automation and Instrumentation Market, By Industry
Figure 35 Sales of Chemicals, By Country (2017)
Figure 36 Global Electricity Generation (TWH), 2015–2017
Figure 37 China Contributed More Than Half of the Global Steel Production in 2018
Figure 38 Global Oil Production (TBD), 2015-2017
Figure 39 Global Paper & Pulp Production Snapshot (2016)
Figure 40 Benefits of Process Automation and Instrumentation in Water & Wastewater Industry
Figure 41 Top 5 Cement Producing Countries (In Thousand Metric Tons)
Figure 42 Process Automation and Instrumentation Market, By Geography
Figure 43 Geographic Snapshot of Process Automation & Instrumentation Market, 2019–2024
Figure 44 North America: Snapshot of Process Automation and Instrumentation Market
Figure 45 Europe: Snapshot of Process Automation & Instrumentation Market
Figure 46 China to Lead Process Automation and Instrumentation Market in APAC in 2018
Figure 47 Middle East & Africa to Lead Process Automation and Instrumentation Market in RoW By 2024
Figure 48 Ranking of Top 5 Players in Process Automation and Instrumentation Market, 2018
Figure 49 Revenue Growth Benchmarking for Key Companies in Process Automation and Instrumentation Market
Figure 50 Profit Margin Analysis for Selected Process Automation and Instrumentation Companies
Figure 51 Process Automation & Instrumentation Market (Global) Competitive Leadership Mapping, 2018
Figure 52 ABB: Company Snapshot
Figure 53 Emerson: Company Snapshot
Figure 54 Honeywell : Company Snapshot
Figure 55 Siemens: Company Snapshot
Figure 56 Rockwell Automation: Company Snapshot
Figure 57 General Electric: Company Snapshot
Figure 58 Schneider Electric: Company Snapshot
Figure 59 Yokogawa: Company Snapshot
Figure 60 Mitsubishi Electric: Company Snapshot
Figure 61 Hollysys: Company Snapshot
Figure 62 Endress+Hauser: Company Snapshot
The study involved 4 major activities in estimating the current market size for the process automation and instrumentation market. Exhaustive secondary research has been done to collect information on the current market, the peer market, and the parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the overall market size. After that, the market breakdown and data triangulation approaches have been used to estimate the market size of segments and sub segments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories and databases; and SEC filings; among others.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, product users, and related executives from major companies and organizations operating in the process automation and instrumentation market. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the process automation and instrumentation market, as well as that of the other dependent submarkets. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire research methodology includes the following:
- The study of annual and financial reports of top players, as well as interviews with experts for key insights
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
- All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in detail, verified through the primary research
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the global process automation and instrumentation market by instrument, solution, industry, and geography in terms of value
- To describe and forecast the market size for various segments by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the process automation and instrumentation market
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
- To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across key regions
- To analyse the competitive developments such as expansions & investments, new product launches, mergers & acquisitions and agreements in the market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the companies’ specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 6)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Process Automation & Instrumentation Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Process Automation & Instrumentation Market