Process Automation & Instrumentation market size is projected to reach US$ 81340 million by 2027, from US$ 62330 million in 2020, at a CAGR of 4% during 2021-2027.
Automation can be described as utilizing automated machines and computers to implement tasks smoothly and efficiently. Automation can be loosely divided into three output-based formats: Mass or flow, versatile and batch or task automation. If the design is not versatile and the power is high, it is classified as mass and flow. When performance is low and the process occurs in different batches, it is called batch automation. Classification is called flexible or professional, as long as the production volume is small and the design does not change according to the company’s requirements.
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Following are the segments covered by the report are:
- Field Instruments
- Control Valves
- Analyzers
By Application:
- Oil & Gas
- Chemical
- Pharmaceuticals
- Paper & Pulp
- Water and Waste Water Treatment
- Metals & Mining
- Power
- Food & Beverage
The Key manufacturers that are operating in the global Process Automation & Instrumentation market are:
- Honeywell International
- Mitsubishi Electric
- Pepperl+Fuchs
- R Stahl
- Rockwell Automation
- Schneider Electric
- Siemens
- Yokogawa Electric
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Scope of the Report
The research study analyzes the global Process Automation Instrumentation industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Process Automation Instrumentation Market Report
1. What was the Process Automation Instrumentation Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Process Automation Instrumentation Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Process Automation Instrumentation Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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