Process Automation & Instrumentation Market

Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analytical Instrument), Solution (APC, DCS, HMI, MES, PLC, Functional Safety, SCADA), Industry, and Geography - Global Forecast to 2025

Report Code: SE 2461 Jul, 2020, by marketsandmarkets.com

[300 Pages Report] The process automation and instrumentation market is estimated to be worth USD 67.4 billion in 2020 and is projected to reach USD 76.8 billion by 2025, at a CAGR of 2.6%. 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.

Process Automation & Instrumentation Market

COVID-19 Impact on the Global Process Automation & Instrumentation Market

The outbreak of COVID-19 has declined the global market for process automation & instrumentation market. This is due to the disruptions in the supply chain across the globe. The economies around the globe have declined as there is major decline in the demand for products. The production across all industries have been limited due to the pandemic, the shortage of raw material, decline in exports and the disruptions in the supply chain are the major factors contributing to the decline in the production as well as the decline in process automation & instrumentation market.

Market Dynamics

Driver: Fiscal policy steps taken by regional financial institutions to keep manufacturing facilities floating amidst COVID-19 crisis

It is projected that the world GDP growth rate would go down by 0.5% in 2020, thereby giving a negative trend for growth prospects in an already weak world economy. Many countries are already implementing remedial plans to tackle the economic crisis triggered by the COVID-19 outbreak. The US has passed a bill named Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act, under which USD 2 trillion will be spent under five components, namely individuals/families, big businesses, small businesses, state and local governments, and public services. The demand for process automation & instrumentation products and solutions is directly dependent on manufacturing activities. Thus, the initiatives taken by different governments will help drive the growth of the companies involved in the development of process automation & instrumentation products and solutions.

Restraints: High investment for implementation and significant maintenance costs of process automation and instrumentation solutions

One of the most significant factors that limit the growth of the process automation and instrumentation market is a high initial investment for solutions and devices. High investments are required for solutions such as MES and devices such as process analyzers, transmitters, and control valves. For example, the installation of MES at a production site involves various stages, such as acquisition, adjustment, implementation, running, and consultation; this subsequently increases overall costs, thereby surging the operating expenses of the site.

Opportunities: Rising demand for safety automation systems

Industrial accidents result in heavy losses in terms of injuries or death and production loss. Oil and gas platforms are generally located in harsh conditions, which require an automated safety and security mechanism for protecting against any terrorist attack, theft, and accidents, as well as malfunctioning of equipment. Process automation and instrumentation can handle and control an emergency as well as control complex processes.

Challenges: Lockdown and social distancing will save lives but may restrict commercial trade growth for coming months

Social distancing is a precautionary and mandatory measure being followed to contain the outbreak. Social distancing implies that people should remain at home in isolation and avoid gathering in a group to prevent community spread. The workers at manufacturing plants are also following these measures. These measures restrict the presence of workers on the shop floor of the plant, thereby reducing the manufacturing operations. Some companies have completely stopped the manufacturing operations, which has disrupted the supply chain. Social distancing is also being observed in other parts of the manufacturing ecosystem, including transportation. Supplying essential manufacturing components and raw materials to regions where complete lockdown and sealing have been done has become difficult. This further brings the commercial activities to a standstill, thereby negatively affecting the growth of the market, especially in the manufacturing sector.

“HMI segment to grow at highest CAGR in global process automation and instrumentation market“

HMI is present in a computer that communicates with a specialized computer that is placed in the plant. HMI enables plant operators in obtaining actionable and usable information from the plant equipment. HMI collects data from other integrated systems, processes the data, and gives a visual presentation to the operator on a display panel. It reduces human involvement in the production processes and enhances productivity and operatorsafety. HMI is the single point of contact for operators to get an entire view of production processes on the plant floor, resulting in speed and accuracy in the decision-making process. The demand for HMI systems is growing due to their increased applications in process industries.

“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  in process industries such as chemicals, oil & gas, mining, and pharmaceuticals. These instruments can be controlled or automated from a control room. Field instruments mainly consist of transmitters that mainly measure and track pressure, flow, temperature, level, and humidity of liquid and gases and also consist of a vibration level switch, which is used for level detection of solids and liquids. The measurement of key elements—temperature, pressure, flow, and level—in process control is essential to achieve optimum productivity. It is imperative to obtain information quickly, smoothly, securely, and accurately from field instruments in all process industries

“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 2020 to 2025. 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 process automation and instrumentation 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 process automation and instrumentation market.

Source: Press Release, Investor Presentation, Annual Report, The Measurement, Control & Automation Association (MCCA), International Society of Automation, Expert Interview, and MarketsandMarkets Analysis

 “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 process automation and instrumentation market for the pharmaceuticals industry in APAC is also growing due to low-cost factors and changing regulatory environment.

Process Automation & Instrumentation Market by Region

Key Market Players

The global process automation and instrumentation market is dominated by ABB (Switzerland), Siemens (Germany), Emerson Electric (US), Schneider Electric (France), 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).

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2025

Base year considered

2019

Forecast period

2020–2025

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).
A total of 25 major players have been covered.

Process automation and instrumentation market, by instrument:

  • Field Instrument
  • Control Valve
  • Analytical Instrument

Process automation and instrumentation market, by solution:

  • PLC
  • DCS
  • SCADA
  • HMI
  • Functional Safety
  • 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

Recent Developments

  • In January 2020, Emerson launched a new portfolio of RXi industrial display and panel PC products to minimize the lifecycle cost in industrial applications and improve production processes in life sciences, power and water, metals & mining, manufacturing, and machinery industries.
  • In January 2020, Honeywell International partnered with Tact.ai to deploy the latter’s artificial intelligence digital assistance tool to its global sales team, which will bring more effective and intuitive human machine interfaces (HMI) for operations and maintenance.
  • In February 2019, ABB and Dassault Systθmes announced their partnership to offer customers in digital industries a unique portfolio of varieties of software solutions, ranging from product life cycle management solutions to asset health solutions. These solutions will enable customers to run their operations with improved efficiency, flexibility, and sustainability.
  • In December 2018, Siemens has launched Ultrasonic Level Transmitter LU240, this transmitter is suited for the chemicals and food and beverage applications.

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 process automation and instrumentation 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?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 40)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 44)
    2.1 RESEARCH DATA
        FIGURE 2 RESEARCH DESIGN
           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
                    2.2.1.1 Approach for arriving at market share by bottom-up analysis (demand side)
                            FIGURE 3 PROCESS AUTOMATION AND INSTRUMENTATION MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
                            FIGURE 4 PROCESS AUTOMATION AND INSTRUMENTATION MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 53)
  FIGURE 6 PROCESS AUTOMATION AND INSTRUMENTATION MARKET SEGMENTATION
  FIGURE 7 PRE- AND POST-COVID-19 IMPACT ANALYSIS ON PROCESS AUTOMATION & INSTRUMENTATION MARKET
    3.1 PRE-COVID-19
    3.2 REALISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
    3.4 OPTIMISTIC SCENARIO
        FIGURE 8 PROCESS AUTOMATION AND INSTRUMENTATION MARKET SNAPSHOT (2020 VS. 2025): SOLUTIONS 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 PARTNERSHIPS TO LEVERAGE “DIGITAL TECHNOLOGY” ARE AT FOREFRONT OF PROCESS AUTOMATION ECOSYSTEM
        FIGURE 12 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INSTRUMENT, 2020
        FIGURE 13 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION, 2020
        FIGURE 14 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INDUSTRY (2020 VS. 2025)
        FIGURE 15 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020

4 PREMIUM INSIGHTS (Page No. - 63)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PROCESS AUTOMATION & INSTRUMENTATION MARKET
        FIGURE 16 INCREASING USE OF INDUSTRIAL AUTOMATION IN PROCESS INDUSTRIES TO BOOST GROWTH OF PROCESS AUTOMATION & INSTRUMENTATION MARKET DURING FORECAST PERIOD
    4.2 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION
        FIGURE 17 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HMI SOLUTIONS TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
    4.3 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INSTRUMENT
        FIGURE 18 FIELD INSTRUMENTS TO HOLD LARGEST SHARE OF PROCESS AUTOMATION & INSTRUMENTATION MARKET IN 2025
    4.4 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INDUSTRY
        FIGURE 19 OIL & GAS INDUSTRY TO DOMINATE PROCESS AUTOMATION & INSTRUMENTATION MARKET DURING FORECAST PERIOD
    4.5 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY REGION
        FIGURE 20 APAC EXPECTED TO HOLD MAJOR SHARE OF PROCESS AUTOMATION & INSTRUMENTATION MARKET IN 2025

5 MARKET OVERVIEW (Page No. - 66)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 21 DROC: PROCESS AUTOMATION & INSTRUMENTATION MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Fiscal policy steps taken by regional financial institutions to keep manufacturing facilities floating amid COVID-19 crisis
                            FIGURE 22 CARES ACT PACKAGE BREAKUP
                    5.2.1.2 Importance of energy efficiency and cost reduction
                    5.2.1.3 IIoT to be catalyst for digitalization
                    5.2.1.4 Emphasis on industrial automation and optimum utilization of resources
           5.2.2 RESTRAINTS
                    5.2.2.1 High investment for implementation and significant maintenance costs of 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 transmitters
           5.2.4 CHALLENGES
                    5.2.4.1 Lockdown and social distancing to save lives but may restrict commercial trade growth in coming months
                    5.2.4.2 Persistent growth in cyberattacks and security issues
                    5.2.4.3 Lack of skilled workforce
    5.3 INDUSTRIAL SAFETY AND PROCESS AUTOMATION
           5.3.1 SAFETY INTEGRITY LEVEL
           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
        FIGURE 23 PARTNERSHIPS TO LEVERAGE “DIGITAL TECHNOLOGY” ARE AT FOREFRONT OF PROCESS AUTOMATION ECOSYSTEM

6 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT (Page No. - 76)
    6.1 INTRODUCTION
        FIGURE 24 FIELD INSTRUMENTS EXPECTED TO HOLD LARGEST SIZE OF PROCESS AUTOMATION & INSTRUMENTATION MARKET IN 2025
        TABLE 1 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT 2016–2025 (USD BILLION)
        TABLE 2 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2016–2019 (USD BILLION)
        TABLE 3 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2020–2025 (USD BILLION)
        TABLE 4 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR INSTRUMENTS, BY REGION, 2016–2019 (USD BILLION)
        TABLE 5 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR INSTRUMENTS, BY REGION, 2020–2025 (USD BILLION)
        FIGURE 25 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT
    6.2 FIELD INSTRUMENTS
        TABLE 6 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 7 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY TYPE, 2020–2025 (USD MILLION)
        FIGURE 26 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY FIELD INSTRUMENT
        TABLE 8 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 9 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 10 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY REGION, 2016–2019 (USD MILLION)
        TABLE 11 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY REGION, 2020–2025 (USD MILLION)
           6.2.1 IMPACT OF COVID-19 ON MARKET FOR FIELD INSTRUMENTS
           6.2.2 PRESSURE TRANSMITTERS
                 TABLE 12 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 13 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 14 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 15 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY REGION, 2020–2025 (USD MILLION)
                    6.2.2.1 Types of pressure transmitters
                               6.2.2.1.1 Absolute pressure transmitters
                                             6.2.2.1.1.1 Absolute pressure transmitters provide accurate measurements
                               6.2.2.1.2 Gauge pressure transmitters
                                             6.2.2.1.2.1 Wide usage of gauge pressure transmitters owing to their unique features
                               6.2.2.1.3 Differential pressure transmitters
                                             6.2.2.1.3.1 Differential pressure transmitter is mostly preferred in various industries
                               6.2.2.1.4 Multivariable pressure transmitters
                                             6.2.2.1.4.1 Multivariable pressure transmitters offer greater insight into measurement process because of their intelligence and versatile performance
                                                         TABLE 16 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY TYPE, 2016–2019 (USD MILLION)
                                                         TABLE 17 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY TYPE, 2020–2025 (USD MILLION)
           6.2.3 TEMPERATURE TRANSMITTERS
                 TABLE 18 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 19 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 20 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 21 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY REGION, 2020–2025 (USD MILLION)
                    6.2.3.1 Energy & power industry is prominent market for temperature transmitters
           6.2.4 LEVEL TRANSMITTERS
                 TABLE 22 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 23 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 24 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 25 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY REGION, 2020–2025 (USD MILLION)
                    6.2.4.1 Water & wastewater key industry for level transmitters
                    6.2.4.2 Level transmitters, by technology
                               6.2.4.2.1 Capacitive level transmitters
                                             6.2.4.2.1.1 Capacitive is cost-effective and simple technology
                               6.2.4.2.2 Ultrasonic level transmitters
                                             6.2.4.2.2.1 Ultrasonic level transmitter is easy to install on tanks
                               6.2.4.2.3 Radar level transmitters
                                             6.2.4.2.3.1 Contact level transmitters (guided wave radars)
                                             6.2.4.2.3.2 Non-contact radar level transmitters
                               6.2.4.2.4 Differential pressure/hydrostatic
                                             6.2.4.2.4.1 Differential pressure/hydrostatic level transmitters likely to hold largest market share from 2020 to 2025
                               6.2.4.2.5 Magnetostrictive level transmitters
                                             6.2.4.2.5.1 Magnetostrictive level transmitter works well with clean liquids and is accurate and adaptable to wide variations in fluid densities
                               6.2.4.2.6 Radiometric level transmitters
                                             6.2.4.2.6.1 Radiometric level transmitter is mainly used in metals & mining industry
                               6.2.4.2.7 Others
                                         TABLE 26 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY TYPE, 2016–2019 (USD MILLION)
                                         TABLE 27 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY TYPE, 2020–2025 (USD MILLION)
           6.2.5 HUMIDITY TRANSMITTERS
                 TABLE 28 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HUMIDITY TRANSMITTERS, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 29 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HUMIDITY TRANSMITTERS, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 30 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HUMIDITY TRANSMITTERS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 31 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HUMIDITY TRANSMITTERS, BY REGION, 2020–2025 (USD MILLION)
                 FIGURE 27 ADVERSE EFFECTS OF HUMIDITY ON TEXTILE PRODUCTS PROPEL USE OF HUMIDITY TRANSMITTERS
           6.2.6 VIBRATION LEVEL SWITCHES
                 FIGURE 28 VIBRATION LEVEL SWITCHES, BY TECHNOLOGY
                    6.2.6.1 Vibrating fork
                    6.2.6.2 Vibrating rod
                            TABLE 32 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR VIBRATION LEVEL SWITCHES, BY INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 33 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR VIBRATION LEVEL SWITCHES, BY INDUSTRY, 2020–2025 (USD MILLION)
                            TABLE 34 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR VIBRATION LEVEL SWITCHES, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 35 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR VIBRATION LEVEL SWITCHES, BY REGION, 2020–2025 (USD MILLION)
    6.3 CONTROL VALVES
        FIGURE 29 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY CONTROL VALVE
        TABLE 36 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR CONTROL VALVES, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 37 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR CONTROL VALVES, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 38 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR CONTROL VALVES, BY REGION, 2016–2019 (USD MILLION)
        TABLE 39 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR CONTROL VALVES, BY REGION, 2020–2025 (USD MILLION)
           6.3.1 IMPACT OF COVID-19 ON MARKET FOR CONTROL VALVES
           6.3.2 VALVE BODY
                    6.3.2.1 Different parts of valve body
           6.3.3 ACTUATORS
                    6.3.3.1 Types of control valve actuators
           6.3.4 OTHERS
                    6.3.4.1 Key suppliers of valve positioners
    6.4 ANALYTICAL INSTRUMENTS
        TABLE 40 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR ANALYTICAL INSTRUMENTS, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 41 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR ANALYTICAL INSTRUMENTS, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 42 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR ANALYTICAL INSTRUMENTS, BY REGION, 2016–2019 (USD MILLION)
        TABLE 43 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR ANALYTICAL INSTRUMENTS, BY REGION, 2020–2025 (USD MILLION)
           6.4.1 VIBRATING DENSITY METERS
           6.4.2 NUCLEAR DENSITY METERS
           6.4.3 ULTRASONIC DENSITY METERS
           6.4.4 MICROWAVE DENSITY METERS
           6.4.5 OPTICAL DENSITY METERS
                    6.4.5.1 Suspended solid analyzers/sludge density meters
                    6.4.5.2 Refractometers
                    6.4.5.3 Optical consistency transmitters
           6.4.6 OTHERS

7 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION (Page No. - 112)
    7.1 INTRODUCTION
        TABLE 44 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2016–20219(USD BILLION)
        TABLE 45 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2020–2025(USD BILLION)
        TABLE 46 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PHARMACEUTICALS INDUSTRY, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 47 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PHARMACEUTICALS INDUSTRY, BY TYPE, 2020–2025 (USD MILLION)
        TABLE 48 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY REGION, 2016–2019 (USD BILLION)
        TABLE 49 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY REGION, 2020–2025 (USD BILLION)
        FIGURE 30 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION
    7.2 PROGRAMMABLE LOGIC CONTROLLER
        TABLE 50 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 51 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 52 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC, BY REGION, 2016–2019 (USD MILLION)
        TABLE 53 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC, BY REGION, 2020–2025(USD MILLION)
           7.2.1 PROLIFERATION OF MICRO AND NANO PLCS IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET
           7.2.2 IMPACT OF COVID-19 ON PLC
    7.3 DISTRIBUTED CONTROL SYSTEM
        TABLE 54 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 55 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 56 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS, BY REGION, 2016–2019 (USD MILLION)
        TABLE 57 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS, BY REGION, 2020–2025 (USD MILLION)
           7.3.1 EXPANSION OF INFRASTRUCTURE IN PROCESS INDUSTRIES
           7.3.2 IMPACT OF COVID-19 ON MARKET FOR DCS
    7.4 SCADA
        TABLE 58 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA, BY ARCHITECTURE, 2016–2019 (USD MILLION)
        TABLE 59 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA, BY ARCHITECTURE, 2020–2025 (USD MILLION)
        TABLE 60 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 61 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 62 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA, BY REGION, 2016–2019 (USD MILLION)
        TABLE 63 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA, BY REGION, 2020–2025 (USD MILLION)
           7.4.1 RISING DEMAND FOR AUTOMATED SOLUTIONS IN PROCESS INDUSTRY DRIVING ADOPTION OF SCADA
                 FIGURE 31 FUNCTIONS OF SCADA
           7.4.2 IMPACT OF COVID-19 ON MARKET FOR SCADA
    7.5 HUMAN MACHINE INTERFACE
        TABLE 64 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 65 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 66 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI, BY REGION, 2016–2019 (USD MILLION)
        TABLE 67 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI, BY REGION, 2020–2025 (USD MILLION)
           7.5.1 ADVANCEMENT OF INDUSTRIAL INTERNET OF THINGS (IIOT) TO DRIVE GROWTH OF HMI SOLUTIONS
           7.5.2 IMPACT OF COVID-19 ON HMI MARKET
    7.6 FUNCTIONAL SAFETY
        TABLE 68 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 69 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY INDUSTRY, 2020–2025 (USD MILLION)
        FIGURE 32 FUNCTIONAL SAFETY MARKET, BY TYPE
        TABLE 70 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY TYPE, 2016–2019 (USD MILLION)
        TABLE 71 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY TYPE, 2020–2025 (USD MILLION)
        TABLE 72 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2016–20219(USD MILLION)
        TABLE 73 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2020–2025 (USD MILLION)
           7.6.1 EMERGENCY SHUTDOWN SYSTEM
                    7.6.1.1 ESD: Solutions to ensure safety in critical processes
                            TABLE 74 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR EMERGENCY SHUTDOWN SYSTEM, BY INDUSTRY, 2016–2019 (USD MILLION)
                            TABLE 75 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR EMERGENCY SHUTDOWN SYSTEM, BY INDUSTRY, 2020–2025(USD MILLION)
                            TABLE 76 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR ESD, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 77 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR ESD, BY REGION, 2020–2025 (USD MILLION)
                    7.6.1.2 Impact of COVID-19 on market for emergency shutdown systems
           7.6.2 FIRE AND GAS MONITORING & CONTROL
                    7.6.2.1 Detector is crucial part of F&G system
                            TABLE 78 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR F&G, BY INDUSTRY, 2016–2024 (USD MILLION)
                            TABLE 79 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR F&G, BY INDUSTRY, 2020–2025 (USD MILLION)
                            TABLE 80 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR F&G, BY REGION, 2016–2019 (USD MILLION)
                            TABLE 81 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR F&G, BY REGION, 2020–2025 (USD MILLION)
                    7.6.2.2 Impact of COVID-19 on market for fire & gas monitoring & control Systems
           7.6.3 HIGH-INTEGRITY PRESSURE PROTECTION SYSTEM
                 TABLE 82 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HIPPS, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 83 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HIPPS, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 84 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HIPPS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 85 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HIPPS, BY REGION, 2020–2025 (USD MILLION)
                    7.6.3.1 Wide application areas of HIPPS
                            FIGURE 33 APPLICATIONS OF HIPPS IN PROCESS INDUSTRY
                    7.6.3.2 Impact of COVID-19 on market for high-integrity pressure protection systems
           7.6.4 BURNER MANAGEMENT SYSTEM
                 TABLE 86 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR BMS, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 87 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR BMS, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 88 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR BMS, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 89 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR BMS, BY REGION, 2020–2025 (USD MILLION)
                    7.6.4.1 Boiler safety is principal rationale for adopting BMS
                    7.6.4.2 Impact of COVID-19 on market for BMS
           7.6.5 TURBOMACHINERY CONTROL
                 TABLE 90 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TMC, BY INDUSTRY, 2016–2019 (USD MILLION)
                 TABLE 91 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TMC, BY INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 92 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TMC, BY REGION, 2016–2019 (USD MILLION)
                 TABLE 93 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TMC, BY REGION, 2020–2025 (USD MILLION)
                    7.6.5.1 Functional safety of compressors and turbines is vital in process industries
                    7.6.5.2 Impact of COVID-19 on market for turbomachinery control
    7.7 ADVANCED PROCESS CONTROL
        TABLE 94 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR APC, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 95 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR APC, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 96 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR APC, BY REGION, 2016–2019 (USD MILLION)
        TABLE 97 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR APC, BY REGION, 2020–2025 (USD MILLION)
           7.7.1 INCREASING ADOPTION OF ADVANCED PROCESS CONTROL TECHNOLOGY MAXIMIZES OUTPUT OF PROCESS INDUSTRY
           7.7.2 IMPACT OF COVID-19 ON MARKET FOR ADVANCED PROCESS CONTROL
    7.8 MANUFACTURING EXECUTION SYSTEM
        TABLE 98 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES, BY INDUSTRY, 2016–2019 (USD MILLION)
        TABLE 99 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES, BY INDUSTRY, 2020–2025 (USD MILLION)
        TABLE 100 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES, BY REGION, 2016–2019 (USD MILLION)
        TABLE 101 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES, BY REGION, 2020–2025 (USD MILLION)
           7.8.1 MES LIKELY TO BENEFIT PROCESS INDUSTRY
           7.8.2 IMPACT OF COVID-19 ON MARKET FOR MANUFACTURING EXECUTION SYSTEM

8 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY (Page No. - 151)
    8.1 INTRODUCTION
        FIGURE 34 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY
        TABLE 102 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2016–2019 (USD BILLION)
        TABLE 103 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2025 (USD BILLION)
        TABLE 104 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY INDUSTRY, 2016–2019 (USD BILLION)
        TABLE 105 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY INDUSTRY, 2020–2025 (USD BILLION)
        TABLE 106 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR INSTRUMENTS, BY INDUSTRY, 2016–2019 (USD BILLION)
        TABLE 107 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR INSTRUMENTS, BY INDUSTRY, 2020–2025 (USD BILLION)
    8.2 CHEMICALS
           8.2.1 CHINA, EUROPEAN UNION (EU), AND US ARE MAJOR PRODUCERS OF CHEMICALS
           8.2.2 IMPACT OF COVID-19 ON CHEMICALS INDUSTRY
                 TABLE 108 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR CHEMICALS, 2016–2025 (USD BILLION)
    8.3 ENERGY & POWER
           8.3.1 INCREASING DEMAND FOR ELECTRICAL ENERGY PROPELS DEMAND FOR PROCESS AUTOMATION AND INSTRUMENTATION SOLUTIONS
           8.3.2 IMPACT OF COVID-19 ON ENERGY & POWER INDUSTRY
                 TABLE 109 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR ENERGY & POWER, 2016–2025 (USD BILLION)
    8.4 FOOD & BEVERAGES
           8.4.1 ADOPTION OF PROCESS AUTOMATION SOLUTIONS MINIMIZES FOOD PRODUCTION PROCESSES EFFORTS
           8.4.2 IMPACT OF COVID-19 ON FOOD & BEVERAGES INDUSTRY
                 TABLE 110 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR FOOD & BEVERAGES, 2016–2025 (USD BILLION)
    8.5 METALS & MINING
           8.5.1 PROCESS AUTOMATION AND INSTRUMENTATION SUPPORTS IN CONTROLLING AND MONITORING OF PROCESSES INVOLVED IN METALS & MINING
           8.5.2 IMPACT OF COVID-19 ON METALS & MINING INDUSTRY
                 TABLE 111 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR METALS & MINING, 2016–2025 (USD BILLION)
    8.6 OIL & GAS
           8.6.1 INCREASING OIL PRODUCTION REQUIRES EFFICIENT OIL PRODUCTION PROCESSES
           8.6.2 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY
                 TABLE 112 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR OIL & GAS, 2016–2025 (USD BILLION)
    8.7 PHARMACEUTICALS
           8.7.1 PROCESS AUTOMATION AND INSTRUMENTATION APPLICABLE IN DIVERSE PROCESSES IN PHARMACEUTICALS INDUSTRY
           8.7.2 IMPACT OF COVID-19 ON PHARMACEUTICALS INDUSTRY
                 TABLE 113 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PHARMACEUTICALS, 2016–2025 (USD BILLION)
    8.8 PULP & PAPER
           8.8.1 IMPACT OF COVID-19 ON PULP & PAPER INDUSTRY
                 TABLE 114 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PULP & PAPER, 2016–2025 (USD BILLION)
    8.9 WATER & WASTEWATER
           8.9.1 PROCESS AUTOMATION SOLUTIONS TO IMPROVE WATER TREATMENT PROCESSES
                 FIGURE 35 BENEFITS OF PROCESS AUTOMATION AND INSTRUMENTATION IN WATER & WASTEWATER INDUSTRY
           8.9.2 IMPACT OF COVID-19 ON WATER & WASTEWATER INDUSTRY
                 TABLE 115 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR WATER & WASTEWATER, 2016–2025 (USD BILLION)
    8.10 OTHERS
           8.10.1 IMPACT OF COVID-19 ON OTHER INDUSTRIES
                  TABLE 116 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR OTHER, 2016–2025 (USD BILLION)

9 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION (Page No. - 167)
    9.1 INTRODUCTION
        FIGURE 36 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION
        TABLE 117 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY REGION, 2016–2019 (USD MILLION)
        TABLE 118 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY REGION, 2020–2025 (USD MILLION)
        FIGURE 37 GEOGRAPHIC SNAPSHOT OF PROCESS AUTOMATION & INSTRUMENTATION MARKET, 2020–2025
    9.2 NORTH AMERICA
        TABLE 119 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD BILLION)
        TABLE 120 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD BILLION)
           9.2.1 IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA
                 TABLE 121 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET IN NORTH AMERICA, 2016–2025 (USD BILLION)
                 FIGURE 38 NORTH AMERICA: SNAPSHOT OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET
           9.2.2 US
                    9.2.2.1 Oil industry in US is propelling growth opportunities in process automation market
           9.2.3 CANADA
                    9.2.3.1 Canadian suppliers to help modernize process automation sector
           9.2.4 MEXICO
                    9.2.4.1 Industry 4.0: Challenging opportunity for Mexico
    9.3 EUROPE
        TABLE 122 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD BILLION)
        TABLE 123 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD BILLION)
           9.3.1 IMPACT OF COVID-19 ON MARKET IN EUROPE
                 TABLE 124 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET IN EUROPE, 2016–2025 (USD BILLION)
                 FIGURE 39 EUROPE: SNAPSHOT OF PROCESS AUTOMATION & INSTRUMENTATION MARKET
           9.3.2 GERMANY
                    9.3.2.1 Major suppliers of field instruments are based in Germany
           9.3.3 UK
                    9.3.3.1 Rising need for automation in food & beverages industry to drive demand for process automation systems
           9.3.4 FRANCE
                    9.3.4.1 Government supports adoption of process automation solutions in France
           9.3.5 REST OF EUROPE
    9.4 APAC
        TABLE 125 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN APAC, BY COUNTRY, 2016–2019 (USD BILLION)
        TABLE 126 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN APAC, BY COUNTRY, 2020–2025 (USD BILLION)
           9.4.1 IMPACT OF COVID-19 ON MARKET IN APAC
                 TABLE 127 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ASIA PACIFIC, 2016–2025 (USD BILLION)
                 FIGURE 40 CHINA LED PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN APAC IN 2019
           9.4.2 CHINA
                    9.4.2.1 Scope of SCADA systems in water & wastewater industry in China
           9.4.3 JAPAN
                    9.4.3.1 Higher labor wages in country lead to adoption of process automation solutions
           9.4.4 INDIA
                    9.4.4.1 Make in India campaign to encourage process industries in country
           9.4.5 REST OF APAC
    9.5 ROW
        TABLE 128 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ROW, BY REGION, 2016–2019 (USD BILLION)
        TABLE 129 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ROW, BY REGION, 2020–2025 (USD BILLION)
        FIGURE 41 MIDDLE EAST & AFRICA TO LEAD PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ROW BY 2025
           9.5.1 IMPACT OF COVID-19 ON MARKET IN ROW
                 TABLE 130 PRE- AND POST-COVID-19 ANALYSIS OF PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ROW, 2016–2025 (USD BILLION)
           9.5.2 MIDDLE EAST & AFRICA
                    9.5.2.1 Importance of automation in mining industry leading to growth opportunities for process automation and instrumentation market in Africa
           9.5.3 SOUTH AMERICA
                    9.5.3.1 Brazil: Important market for process automation in South America

10 COMPETITIVE LANDSCAPE (Page No. - 185)
     10.1 OVERVIEW
          FIGURE 42 KEY DEVELOPMENTS IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET (2018 TO 2020)
     10.2 COMPETITIVE ANALYSIS
             10.2.1 MARKET RANKING ANALYSIS: PROCESS AUTOMATION & INSTRUMENTATION MARKET, 2019
                    FIGURE 43 RANKING OF TOP 5 PLAYERS IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET, 2019
             10.2.2 REVENUE GROWTH AND PROFIT MARGIN ANALYSIS FOR TOP SELECTED COMPANIES IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET
     10.3 COMPETITIVE LEADERSHIP MAPPING, 2019
             10.3.1 VISIONARIES
             10.3.2 INNOVATORS
             10.3.3 DYNAMIC DIFFERENTIATORS
             10.3.4 EMERGING COMPANIES
                    FIGURE 44 PROCESS AUTOMATION & INSTRUMENTATION MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     10.4 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 45 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN PROCESS AUTOMATION & INSTRUMENTATION MARKET
     10.5 BUSINESS STRATEGY EXCELLENCE
          FIGURE 46 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN PROCESS AUTOMATION & INSTRUMENTATION MARKET
     10.6 COMPETITIVE SITUATION AND TRENDS
             10.6.1 AGREEMENTS, CONTRACTS, JOINT VENTURES, COLLABORATIONS & PARTNERSHIPS
                    TABLE 131 AGREEMENTS, CONTRACTS, JOINT VENTURES, COLLABORATIONS, & PARTNERSHIPS, 2018–2020
             10.6.2 PRODUCT LAUNCHES
                    TABLE 132 PRODUCT LAUNCH, 2018–2020
             10.6.3 ACQUISITIONS AND EXPANSIONS
                    TABLE 133 ACQUISITIONS AND EXPANSIONS, 2018–2020

11 COMPANY PROFILES (Page No. - 200)
     11.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, COVID-19-Related Developments, SWOT Analysis, and MnM View)*
             11.1.1 ABB LTD
                    FIGURE 47 ABB LTD: COMPANY SNAPSHOT
             11.1.2 EMERSON
                    FIGURE 48 EMERSON: COMPANY SNAPSHOT
             11.1.3 HONEYWELL
                    FIGURE 49 HONEYWELL: COMPANY SNAPSHOT
             11.1.4 SIEMENS
                    FIGURE 50 SIEMENS: COMPANY SNAPSHOT
             11.1.5 ROCKWELL AUTOMATION
                    FIGURE 51 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
             11.1.6 GENERAL ELECTRIC
                    FIGURE 52 GENERAL ELECTRIC: COMPANY SNAPSHOT
             11.1.7 SCHNEIDER ELECTRIC
                    FIGURE 53 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
             11.1.8 YOKOGAWA
                    FIGURE 54 YOKOGAWA: COMPANY SNAPSHOT
             11.1.9 MITSUBISHI ELECTRIC
                    FIGURE 55 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
             11.1.10 HOLLYSYS
                    FIGURE 56 HOLLYSYS: COMPANY SNAPSHOT
             11.1.11 ENDRESS+HAUSER
                    FIGURE 57 ENDRESS+HAUSER: COMPANY SNAPSHOT
* Business Overview, Products Offered, Recent Developments, COVID-19-Related Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     11.2 RIGHT TO WIN
     11.3 OTHER PLAYERS
             11.3.1 OMRON
             11.3.2 WIKA
             11.3.3 AZBIL
             11.3.4 FUJI ELECTRIC
             11.3.5 HITACHI
             11.3.6 XYLEM
             11.3.7 HACH
             11.3.8 THERMO FISHER SCIENTIFIC
             11.3.9 SHIMADZU
             11.3.10 HIMA
             11.3.11 DELTA ELECTRONICS
             11.3.12 AMETEK
             11.3.13 BURKERT
             11.3.14 KROHNE

12 ADJACENT & RELATED MARKETS (Page No. - 244)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 FUNCTIONAL SAFETY MARKET, BY INDUSTRY
             12.3.1 INTRODUCTION
                    TABLE 134 FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2016–2019 (USD MILLION)
                    TABLE 135 FUNCTIONAL SAFETY MARKET, BY INDUSTRY, 2020–2025 (USD MILLION)
             12.3.2 OIL & GAS
                    TABLE 136 FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 137 FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 138 FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 139 FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 140 FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 141 FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 142 FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 143 FUNCTIONAL SAFETY MARKET FOR OIL & GAS INDUSTRY, BY SERVICE, 2020–2025 (USD MILLION)
             12.3.3 FOOD & BEVERAGES
                    TABLE 144 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 145 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 146 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 147 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 148 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 149 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 150 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 151 FUNCTIONAL SAFETY MARKET FOR FOOD & BEVERAGES INDUSTRY, BY SERVICE, 2020–2025 (USD MILLION)
             12.3.4 PHARMACEUTICALS
                    TABLE 152 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 153 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 154 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 155 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 156 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 157 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 158 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 159 FUNCTIONAL SAFETY MARKET FOR PHARMACEUTICALS INDUSTRY, BY SERVICE, 2020–2025 (USD MILLION)
             12.3.5 CHEMICALS
                    TABLE 160 FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 161 FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 162 FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 163 FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 164 FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 165 FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 166 FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 167 FUNCTIONAL SAFETY MARKET FOR CHEMICALS INDUSTRY, BY SERVICE, 2020–2025 (USD MILLION)
             12.3.6 POWER GENERATION
                    TABLE 168 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 169 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 170 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 171 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 172 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 173 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 174 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 175 FUNCTIONAL SAFETY MARKET FOR POWER GENERATION INDUSTRY, BY SERVICE, 2020–2025 (USD MILLION)
             12.3.7 METALS & MINING
                    TABLE 176 FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 177 FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 178 FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 179 FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 180 FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 181 FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 182 FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 183 FUNCTIONAL SAFETY MARKET FOR METAL & MINING INDUSTRY, BY SERVICE, 2020–2025 (USD MILLION)
             12.3.8 WATER & WASTEWATER
                    TABLE 184 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 185 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 186 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 187 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 188 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 189 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 190 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 191 FUNCTIONAL SAFETY MARKET FOR WATER & WASTEWATER INDUSTRY, BY SERVICE, 2020–2025 (USD MILLION)
             12.3.9 OTHERS
                    TABLE 192 FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 193 FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 194 FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 195 FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 196 FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 197 FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY COMPONENT, 2020–2025 (USD MILLION)
                    TABLE 198 FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 199 FUNCTIONAL SAFETY MARKET FOR OTHER INDUSTRIES, BY SERVICE, 2020–2025 (USD MILLION)
     12.4 GEOGRAPHIC ANALYSIS
             12.4.1 INTRODUCTION
                    TABLE 200 FUNCTIONAL SAFETY MARKET, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 201 FUNCTIONAL SAFETY MARKET, BY REGION, 2020–2025 (USD MILLION)
             12.4.2 NORTH AMERICA
                    TABLE 202 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 203 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 204 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 205 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 206 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 207 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 208 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 209 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY SERVICE, 2020–2025 (USD MILLION)
                    TABLE 210 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 211 FUNCTIONAL SAFETY MARKET IN NORTH AMERICA, BY COMPONENT, 2020–2025 (USD MILLION)
                        12.4.2.1 US
                        12.4.2.2 Canada
                        12.4.2.3 Mexico
             12.4.3 EUROPE
                    TABLE 212 FUNCTIONAL SAFETY MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 213 FUNCTIONAL SAFETY MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 214 FUNCTIONAL SAFETY MARKET IN EUROPE, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 215 FUNCTIONAL SAFETY MARKET IN EUROPE, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 216 FUNCTIONAL SAFETY MARKET IN EUROPE, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 217 FUNCTIONAL SAFETY MARKET IN EUROPE, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 218 FUNCTIONAL SAFETY MARKET IN EUROPE, BY SERVICE, 2016–2019(USD MILLION)
                    TABLE 219 FUNCTIONAL SAFETY MARKET IN EUROPE, BY SERVICE, 2020–2025 (USD MILLION)
                    TABLE 220 FUNCTIONAL SAFETY MARKET IN EUROPE, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 221 FUNCTIONAL SAFETY MARKET IN EUROPE, BY COMPONENT, 2020–2025 (USD MILLION)
                        12.4.3.1 UK
                        12.4.3.2 Germany
                        12.4.3.3 France
                        12.4.3.4 Rest of Europe
             12.4.4 APAC
                    TABLE 222 FUNCTIONAL SAFETY MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 223 FUNCTIONAL SAFETY MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 224 FUNCTIONAL SAFETY MARKET IN APAC, BY SYSTEM, 2016–2019(USD MILLION)
                    TABLE 225 FUNCTIONAL SAFETY MARKET IN APAC, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 226 FUNCTIONAL SAFETY MARKET IN APAC, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 227 FUNCTIONAL SAFETY MARKET IN APAC, BY OFFERING, 2020–2025(USD MILLION)
                    TABLE 228 FUNCTIONAL SAFETY MARKET IN APAC, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 229 FUNCTIONAL SAFETY MARKET IN APAC, BY SERVICE, 2020–2025 (USD MILLION)
                    TABLE 230 FUNCTIONAL SAFETY MARKET IN APAC, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 231 FUNCTIONAL SAFETY MARKET IN APAC, BY COMPONENT, 2020–2025 (USD MILLION)
                        12.4.4.1 China
                        12.4.4.2 Japan
                        12.4.4.3 India
                        12.4.4.4 South Korea
                        12.4.4.5 Rest of APAC
             12.4.5 ROW
                    TABLE 232 FUNCTIONAL SAFETY MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 233 FUNCTIONAL SAFETY MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 234 FUNCTIONAL SAFETY MARKET IN ROW, BY SYSTEM, 2016–2019 (USD MILLION)
                    TABLE 235 FUNCTIONAL SAFETY MARKET IN ROW, BY SYSTEM, 2020–2025 (USD MILLION)
                    TABLE 236 FUNCTIONAL SAFETY MARKET IN ROW, BY OFFERING, 2016–2019 (USD MILLION)
                    TABLE 237 FUNCTIONAL SAFETY MARKET IN ROW, BY OFFERING, 2020–2025 (USD MILLION)
                    TABLE 238 FUNCTIONAL SAFETY MARKET IN ROW, BY SERVICE, 2016–2019 (USD MILLION)
                    TABLE 239 FUNCTIONAL SAFETY MARKET IN ROW, BY SERVICE, 2020–2025 (USD MILLION)
                    TABLE 240 FUNCTIONAL SAFETY MARKET IN ROW, BY COMPONENT, 2016–2019 (USD MILLION)
                    TABLE 241 FUNCTIONAL SAFETY MARKET IN ROW, BY COMPONENT, 2020–2025 (USD MILLION)
                        12.4.5.1 South America
                        12.4.5.2 Middle East & Africa

13 APPENDIX (Page No. - 293)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

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.

The impact and implication of COVID-19 on manufacturing industries as well as process automation & instrumentation system and software have also been discussed in this section. Various secondary sources include corporate filings such as annual reports, investor presentations, and financial statements, trade, business and professional associations, white papers, manufacturing associations and more.

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

In the primary research process, various key persons from the supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. The impact and implication of COVID-19 on manufacturing industries as well as on smart manufacturing products and services have also been discussed in this section. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, business development executives, application users, and related executives from various key companies and organizations operating in the ecosystem of the process automation and instrumentation market. Following is the breakdown of primary respondents:

Process Automation & Instrumentation Market Size, and Share

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 depndent 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

Process Automation & Instrumentation Market Bottom-Up Approach

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 process automation and instrumentation 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)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Process Automation & Instrumentation Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Process Automation & Instrumentation Market

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