Process Automation and Instrumentation Market: North America to Dominate the Global Market Throughout the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

Process Automation and Instrumentation Market: North America to Dominate the Global Market Throughout the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

Semiconductor Manufacturer and Software Vendors are Playing Key Role in the Growth of Process Automation and Instrumentation Market

Process automation involves using software, hardware, and computing technology to allow end-use industries such as cement, oil & gas, chemical, paper, and others to operate more safely and efficiently.

The information is stored and analysed on a computer with the help of sensors, which collect data on flows, pressures, and temperatures, among other devices. Collaboration among semiconductor component manufactures, industrial software developer, and industrial automation equipment manufacturers is essential for the growth of overall process automation and instrumentation market.

The Transmitter Sub-segment is expected to Witness Significant Growth in Global Process Automation and Instrumentation Market

In this report, FMI has segmented the global process automation and instrumentation market on the basis of instrument type, solution, application, and region. By instrument type, the process automation and instrumentation market is sub-segmented into transmitters, flow meters, analysers, controllers, recorders, switches, and vacuum instruments.

The transmitters sub-segment is expected to witness significant growth in the global process automation and instrumentation market owing to increasing proliferation of transmitters in process manufacturing. In addition, the global adoption of the internet-based technologies by several industry verticals is also expected to surge the growth of the process automation and instrumentation market.

However, the growth of the controllers sub-segment is attributed to the growth of process controller equipment across the globe in the process automation and instrumentation market. It has been observed that the demand for switches and recorders is increasing rapidly. Most of the companies are adopting new technologies in floor operations, thus the analysers sub-segment is projected to register a high growth in the global process automation and instrumentation market during the forecast period.

On the basis of solutions, the global process automation and instrumentation market is sub-segmented into PLC, SCADA, DCS, HMI, APC, MES, and safety automation. The PLC sub-segment is estimated to dominate the overall process automation and instrumentation market, owing to increasing deployment of various enterprise solutions. PLCs are used to lower power consumption, handle complicated logic operations and offer better reliability, since they have no moving parts.

Pharmaceutical and Power Industries are expected to create Potential Growth Opportunities for Process Automation and Instrumentation Vendors

Based on manufacturing vertical, the process automation and instrumentation market is sub-segmented into chemical, metal & mining, food & beverage, oil & gas, pharmaceutical, pulp & paper, wastewater treatment, power, and others. Due to increasing digitization of the chemical industry in North America and Europe, the chemical sub-segment is expected to register a high CAGR of 5.9% in the global process automation and instrumentation market during the forecast period.

In the upcoming years, the pharmaceutical and power industries are expected to witness deployment of advanced technologies. With these advancements, the pharmaceutical sub-segment is projected to create potential growth in the process automation and instrumentation market.

In the recent past, it has been observed that established companies as well as growing companies have started investing on information technologies and companies from various sectors. These factors are expected to boost the growth of the global process automation and instrumentation market in the near future.

Middle East & Africa region has Immense Potential for Process Automation and Instrumentation Market Vendor

Furthermore, on the basis of geography, North America is expected to dominate the global process automation and instrumentation market due to advancements in next-generation technologies in the U.S. and Canada. The provision of IoT platform capabilities is expected to propel the process automation and instrumentation market in North America.

Moreover, the region has witnessed a widespread deployment of IoT and communication technologies in the past couple of years. These factors are expected to fuel the growth of the process automation and instrumentation market in North America. T

he APEJ process automation and instrumentation market is expected to be among target markets for the participants operating in the process automation and instrumentation market. Latin America is estimated to grow at a moderate CAGR over the forecast period in the global process automation and instrumentation market. Due to massive growth of connected devices, the MEA is projected to witness noteworthy growth in the global process automation and instrumentation market.

In global process automation and instrumentation market vendors are building strong engineering capabilities in order to bring new and innovation products into the market, so that they can maintain their technological leadership in process automation and instrumentation market. Moreover, in Middle East & Africa region vendors of process automation and instrumentation are expanding their footprints, in order to leverage the advantage of untapped opportunity in the process automation and instrumentation market. 

According to FMI’s analysis, long-term contracts with business partners are likely to increase the revenue and new innovation strategies are estimated to enable process automation and instrumentation vendors to reach new growth markets. Examples of some of the key players operating in the global process automation and instrumentation market include ABB Limited, Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG, Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., and Pepperl+Fuchs GmbH.

Key Developments done by Vendors of Process Automation and Instrumentation Market

  • In April 2017, Endress+Hauser innovated its process automation solutions by opting digital future. The third generation of the Proline series of flowmeters is "Industry 4.0 ready“, which has integration of W-LAN connectivity and device data, and its comprehensive process offer wide options for process optimization. Also, the new devices prevent loss of data and enable easy exchange of components without the need for reconfiguration.
  • In 2017, Emerson Electric launched the Rosemount 2140, the first wired HART vibrating fork level detector; Paine 328-12-0010, pressure and temperature data logger; and digital transmitter and terminal Manager, the next-generation software for managing all terminal operational and commercial activity.
  • In October 2015, the ABB Limited launched an automated fast charging system which can remove one of the main barriers to increased urban electric bus adoption. Also, during the same period, ABB and Microsoft announced the worldwide availability of a new electric vehicle (EV) fast charging services platform.

Key Segments Covered

By Instrument Type

  • Transmitters
  • Flow meters
  • Analysers
  • Controllers
  • Switches
  • Recorders
  • Switches
  • Vacuum instruments

By Solution

  • PLC
  • SCADA
  • DCS
  • HMI
  • APC
  • MES
  • Safety Automation

By Application

  • Chemical
  • Metal & mining
  • Food & beverage
  • Oil & gas
  • Pharmaceutical
  • Pulp & paper
  • Wastewater treatment
  • Power
  • Safety Automation

Key Regions covered:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • SEA & Others of APAC
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
  • Japan
  • MEA
    • GCC Countries
    • Turkey
    • Rest of MEA

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