Process Automation Instrumentation Market
Process Automation & Instrumentation - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Process Automation & Instrumentation market is accounted for $67.37 billion in 2018 and is expected to reach $134.67 billion by 2027 growing at a CAGR of 8.0% during the forecast period. The growth in adoption of IoT technology across various industrial domains, increasingly strict regulation and compliance in process industries, and minimization of operating cost are the major factors driving the market growth. However, the likelihood of instrument breakage is restraining the market growth.
Process automation involves using the software, hardware, and computing technology to allow industries such as cement, oil & gas, and others to operate more securely and efficiently. The data is put away and dissected on a PC with the assistance of sensors, which gather information on streams, weights, and temperatures, among different gadgets. Collaboration among semiconductor component manufactures, industrial software developer, and industrial automation equipment manufacturers are essential for the growth of overall process automation and instrumentation market.
Based on the solution, the Manufacturing Execution System (MES) segment is likely to have a huge demand as it gives cost-adequacy and openings in tasks, and help convey elite of creation resources over the production network. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the increasing investments in infrastructure as well as in the energy & power sector.
Some of the key players profiled in the Process Automation & Instrumentation Market include ABB, Honeywell, General Electric, Emerson, Yokogawa Electric Corporation, Siemens AG, Schneider Electric, Hollysys, Mitsubishi Electric Corporation, Rockwell Automation, Metso Corporation, Endress+Hauser, OMRON Corporation, and Danaher Corporation.
Components Covered:
• Software
• Hardware
• Services
Products Covered:
• Process Automation
• Process Instrumentation
Solutions Covered:
• Distributed Control System (DCS)
• Human Machine Interface (HMI)
• Supervisory Control and Data Acquisition (SCADA)
• Manufacturing Execution System (MES)
• Advanced Process Control (APC)
• Programmable Logic Controller (PLC)
• Safety Automation
• Other Solutions
Instruments Covered:
• Control Valve
• Analytical Instrument
• Field Instrument
• Communication
• Recorders
• Flow Meters
• Vacuum Instruments
End Users Covered:
• Energy & Utilities
• Power
• Metals & Mining
• Chemicals
• Food & Beverages
• Pharmaceuticals
• Oil & Gas
• Manufacturing
• Water & Wastewater
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Process Automation & Instrumentation Market, By Component
5.1 Introduction
5.2 Software
5.3 Hardware
5.3.1 Controllers
5.3.2 Switches
5.3.3 Remote Telemetry Unit (RTU)
5.3.4 Input/Output (I/O) Cards
5.4 Services
6 Global Process Automation & Instrumentation Market, By Type
6.1 Introduction
6.2 Process Automation
6.3 Process Instrumentation
7 Global Process Automation & Instrumentation Market, By Solution
7.1 Introduction
7.2 Distributed Control System (DCS)
7.3 Human Machine Interface (HMI)
7.4 Supervisory Control and Data Acquisition (SCADA)
7.5 Manufacturing Execution System (MES)
7.6 Advanced Process Control (APC)
7.7 Programmable Logic Controller (PLC)
7.8 Operator Training Simulators (OTS)
7.9 Safety Automation
7.9.1 High Integrity Pressure Protection System (HIPPS)
7.9.2 Emergency Shutdown System (ESD)
7.9.3 Fire and Gas Monitoring & Control (F&G)
7.9.4 Turbomachinery Control (TMC)
7.9.5 Burner Management System (BMS)
7.10 Other Solutions
8 Global Process Automation & Instrumentation Market, By Instrument
8.1 Introduction
8.2 Control Valve
8.2.1 Actuator
8.2.2 Valve Body
8.2.3 Other Control Valves
8.2.3.1 Converter I/P
8.2.3.2 Positioner
8.3 Analytical Instrument
8.3.1 Conductivity Analyzer
8.3.2 Ph Analyzer
8.3.3 Liquid Chromatograph
8.3.4 Gas Chromatograph
8.4 Field Instrument
8.4.1 Temperature Transmitter
8.4.2 Level Transmitter
8.4.2.1 Ultrasonic Level Transmitter
8.4.2.2 Differential Pressure/Hydrostatic
8.4.2.3 Capacitive Level Transmitter
8.4.2.4 Radar Level Transmitter
8.4.2.4.1 Noncontact Radar Level Transmitter
8.4.2.4.2 Contact Level Transmitter (Guided Wave Radar)
8.4.2.5 Magnetostrictive Level Transmitter
8.4.2.6 Radiometric Level Transmitter
8.4.2.7 Other Level Transmitters
8.4.3 Humidity Transmitter
8.4.4 Vibration Level Switch
8.4.4.1 Vibrating Rod
8.4.4.2 Vibrating Fork
8.4.5 Pressure Transmitter
8.4.5.1 Gauge Pressure Transmitter
8.4.5.2 Multivariable Pressure Transmitter
8.4.5.3 Absolute Pressure Transmitter
8.4.5.4 Differential Pressure Transmitter
8.5 Communication
8.5.1 Wireless Protocols
8.5.2 Wired Protocols
8.6 Recorders
8.7 Flow Meters
8.8 Vacuum Instruments
9 Global Process Automation & Instrumentation Market, By End User
9.1 Introduction
9.2 Energy & Utilities
9.3 Power
9.4 Metals & Mining
9.5 Chemicals
9.6 Food & Beverages
9.7 Pharmaceuticals
9.8 Oil & Gas
9.9 Manuacturing
9.10 Water & Wastewater
9.11 Other End Users
9.11.1 Hospitality
9.11.2 Pulp & Paper
10 Global Process Automation & Instrumentation Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 ABB
12.2 Honeywell
12.3 General Electric
12.4 Emerson
12.5 Yokogawa Electric Corporation.
12.6 Siemens AG
12.7 Schneider Electric
12.8 Hollysys
12.9 Mitsubishi Electric Corporation
12.10 Rockwell Automation
12.11 Metso Corporation
12.12 Endress+Hauser
12.13 OMRON Corporation
12.14 Danaher Corporation
List of Tables
1 Global Process Automation & Instrumentation Market Outlook, By Region (2017-2027) (US $MN)
2 Global Process Automation & Instrumentation Market Outlook, By Component (2017-2027) (US $MN)
3 Global Process Automation & Instrumentation Market Outlook, By Software (2017-2027) (US $MN)
4 Global Process Automation & Instrumentation Market Outlook, By Hardware (2017-2027) (US $MN)
5 Global Process Automation & Instrumentation Market Outlook, By Controllers (2017-2027) (US $MN)
6 Global Process Automation & Instrumentation Market Outlook, By Switches (2017-2027) (US $MN)
7 Global Process Automation & Instrumentation Market Outlook, By Remote Telemetry Unit (RTU) (2017-2027) (US $MN)
8 Global Process Automation & Instrumentation Market Outlook, By Input/Output (I/O) Cards (2017-2027) (US $MN)
9 Global Process Automation & Instrumentation Market Outlook, By Services (2017-2027) (US $MN)
10 Global Process Automation & Instrumentation Market Outlook, By Type (2017-2027) (US $MN)
11 Global Process Automation & Instrumentation Market Outlook, By Process Automation (2017-2027) (US $MN)
12 Global Process Automation & Instrumentation Market Outlook, By Process Instrumentation (2017-2027) (US $MN)
13 Global Process Automation & Instrumentation Market Outlook, By Solution (2017-2027) (US $MN)
14 Global Process Automation & Instrumentation Market Outlook, By Distributed Control System (DCS) (2017-2027) (US $MN)
15 Global Process Automation & Instrumentation Market Outlook, By Human Machine Interface (HMI) (2017-2027) (US $MN)
16 Global Process Automation & Instrumentation Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2017-2027) (US $MN)
17 Global Process Automation & Instrumentation Market Outlook, By Manufacturing Execution System (MES) (2017-2027) (US $MN)
18 Global Process Automation & Instrumentation Market Outlook, By Advanced Process Control (APC) (2017-2027) (US $MN)
19 Global Process Automation & Instrumentation Market Outlook, By Programmable Logic Controller (PLC) (2017-2027) (US $MN)
20 Global Process Automation & Instrumentation Market Outlook, By Operator Training Simulators (OTS) (2017-2027) (US $MN)
21 Global Process Automation & Instrumentation Market Outlook, By Safety Automation (2017-2027) (US $MN)
22 Global Process Automation & Instrumentation Market Outlook, By High Integrity Pressure Protection System (HIPPS) (2017-2027) (US $MN)
23 Global Process Automation & Instrumentation Market Outlook, By Emergency Shutdown System (ESD) (2017-2027) (US $MN)
24 Global Process Automation & Instrumentation Market Outlook, By Fire and Gas Monitoring & Control (F&G) (2017-2027) (US $MN)
25 Global Process Automation & Instrumentation Market Outlook, By Turbomachinery Control (TMC) (2017-2027) (US $MN)
26 Global Process Automation & Instrumentation Market Outlook, By Burner Management System (BMS) (2017-2027) (US $MN)
27 Global Process Automation & Instrumentation Market Outlook, By Other Solutions (2017-2027) (US $MN)
28 Global Process Automation & Instrumentation Market Outlook, By Instrument (2017-2027) (US $MN)
29 Global Process Automation & Instrumentation Market Outlook, By Control Valve (2017-2027) (US $MN)
30 Global Process Automation & Instrumentation Market Outlook, By Actuator (2017-2027) (US $MN)
31 Global Process Automation & Instrumentation Market Outlook, By Valve Body (2017-2027) (US $MN)
32 Global Process Automation & Instrumentation Market Outlook, By Other Control Valves (2017-2027) (US $MN)
33 Global Process Automation & Instrumentation Market Outlook, By Analytical Instrument (2017-2027) (US $MN)
34 Global Process Automation & Instrumentation Market Outlook, By Conductivity Analyzer (2017-2027) (US $MN)
35 Global Process Automation & Instrumentation Market Outlook, By Ph Analyzer (2017-2027) (US $MN)
36 Global Process Automation & Instrumentation Market Outlook, By Liquid Chromatograph (2017-2027) (US $MN)
37 Global Process Automation & Instrumentation Market Outlook, By Gas Chromatograph (2017-2027) (US $MN)
38 Global Process Automation & Instrumentation Market Outlook, By Field Instrument (2017-2027) (US $MN)
39 Global Process Automation & Instrumentation Market Outlook, By Temperature Transmitter (2017-2027) (US $MN)
40 Global Process Automation & Instrumentation Market Outlook, By Level Transmitter (2017-2027) (US $MN)
41 Global Process Automation & Instrumentation Market Outlook, By Humidity Transmitter (2017-2027) (US $MN)
42 Global Process Automation & Instrumentation Market Outlook, By Vibration Level Switch (2017-2027) (US $MN)
43 Global Process Automation & Instrumentation Market Outlook, By Pressure Transmitter (2017-2027) (US $MN)
44 Global Process Automation & Instrumentation Market Outlook, By Communication (2017-2027) (US $MN)
45 Global Process Automation & Instrumentation Market Outlook, By Wireless Protocols (2017-2027) (US $MN)
46 Global Process Automation & Instrumentation Market Outlook, By Wired Protocols (2017-2027) (US $MN)
47 Global Process Automation & Instrumentation Market Outlook, By Recorders (2017-2027) (US $MN)
48 Global Process Automation & Instrumentation Market Outlook, By Flow Meters (2017-2027) (US $MN)
49 Global Process Automation & Instrumentation Market Outlook, By Vacuum Instruments (2017-2027) (US $MN)
50 Global Process Automation & Instrumentation Market Outlook, By End User (2017-2027) (US $MN)
51 Global Process Automation & Instrumentation Market Outlook, By Energy & Utilities (2017-2027) (US $MN)
52 Global Process Automation & Instrumentation Market Outlook, By Power (2017-2027) (US $MN)
53 Global Process Automation & Instrumentation Market Outlook, By Metals & Mining (2017-2027) (US $MN)
54 Global Process Automation & Instrumentation Market Outlook, By Chemicals (2017-2027) (US $MN)
55 Global Process Automation & Instrumentation Market Outlook, By Food & Beverages (2017-2027) (US $MN)
56 Global Process Automation & Instrumentation Market Outlook, By Pharmaceuticals (2017-2027) (US $MN)
57 Global Process Automation & Instrumentation Market Outlook, By Oil & Gas (2017-2027) (US $MN)
58 Global Process Automation & Instrumentation Market Outlook, By Manuacturing (2017-2027) (US $MN)
59 Global Process Automation & Instrumentation Market Outlook, By Water & Wastewater (2017-2027) (US $MN)
60 Global Process Automation & Instrumentation Market Outlook, By Other End Users (2017-2027) (US $MN)
61 Global Process Automation & Instrumentation Market Outlook, By Hospitality (2017-2027) (US $MN)
62 Global Process Automation & Instrumentation Market Outlook, By Pulp & Paper (2017-2027) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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