Process Automation and Instrumentation Market Analysis By P&S Market Research

GLOBAL INDUSTRY INSIGHT:
Process Automation and Instrumentation Market Size, Share,
Development, Growth and Demand Forecast to 2020
Process Automation and Instrumentation Market Size, Share,
Development, Growth and Demand Forecast to 2020
One of the major factors driving the growth of the global process automation and instrumentation market is the
increasing demand for automated processes and instruments from operators. The growing demand for integrated
packaged solutions and advanced software tools and services is influencing the growth of the global process
automation and instrumentation industry. The reduction in operational and maintenance cost, maximized
efficiency, improved quality of a plant, and protection to people and environment are some of the other factors,
which are driving the growth of the global process automation and instrumentation market. The maintenance cost
of companies reduces with the incorporation of process automation and instrumentation systems, as they allow
the companies to monitor operations in real time and improve on-site decision-making, in order to maximize
production and raise facility uptimes.
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The oil and gas extraction is the largest segment in the global process automation and instrumentation market.
This segment is estimated to account for over half of the global energy demand of the process automation and
instrumentation market. The growing demand of oil and gas, exploration and extraction of 'shale' gas, increasing
emphasis on safety and security, up gradation of old oil and gas platforms, and exploration and extraction from
aging oil and gas wells are the major factors, driving the growth of the oil and gas extraction segment in the global
market.
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The process automation and instrumentation helps in minimizing the overall cost of the final product, as it helps in
minimizing the costs expenses related to energy, infrastructure and manpower. Automation is a set of
technologies required to achieve high grade performance by systems and machines with minimum human
intervention. Instrumentation is the backbone for any process of automation industry. It a process, which goes
parallel to automation and is used in automation to monitor, measure, and analyse the level of product’s
performance. Process automation and instrumentation becomes efficient after installing instruments at set
locations and the gathered data is sent to a group of experts, who facilitate monitoring by eliminating any type of
errors.
The issues related to the integration of data produced by installed automation products, and matured and
saturated developed economies are some of the factors, obstructing the growth of the global market. North
America dominates the global market of process automation and instrumentation, due to increasing income of
customers and strong economic condition of the region. Europe is expected to witness fastest growth during the
forecast period, owing to increasing automated retail chains and their product lines. ABB, Danaher Corporation,
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Process Automation and Instrumentation Market Size, Share,
Development, Growth and Demand Forecast to 2020
Emerson Electric Co., OMRON Corporation, Mitsubishi Electric Corporation, Siemens AG are some of the
competitors in the global process automation and instrumentation market.
Process Automation and Instrumentation Market Segmentation:
By Type
•
Hardware
 Controllers
 Switches
 Human Machine Interface (HMI)
 Remote Telemetry Unit (RTU)
 I/O Cards
•
Software
•
Services
By Technology
•
SCADA
•
Programmable Logic Controllers (PLC)
•
Manufacturing Execution Systems (MES)
•
Distributed Control Systems (DCS)
•
Other
By Communication Protocol
•
Wired
 Standard Analog
 Profibus
 Foundation Field Bus
 Modbus
•
Wireless
 Wirelesshart
 Isa100 Process Communication Standards
By Transmitter Type
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Process Automation and Instrumentation Market Size, Share,
Development, Growth and Demand Forecast to 2020
•
Flow Transmitters
•
Temperature Transmitters
•
Temperature Transmitters
By Application
•
Chemical/Petrochemical Manufacturing
•
Metals
•
Water & Wastewater Treatment
•
Energy & Utilities
•
Food, Tobacco & Beverage Manufacturing
•
Oil & Gas Extraction
•
Glass and Solar
•
Automotive
•
Others
By Geography
•
North America:
 U.S.
 Canada
•
Western Europe
•
Eastern Europe
•
Asia-Pacific
 India
 China
 Japan
 Malaysia
 South Korea
•
Rest of the World
 Brazil
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Process Automation and Instrumentation Market Size, Share,
Development, Growth and Demand Forecast to 2020
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