DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3zjz7s/global_automation) has announced the addition of the "Global Automation Instrumentation Market Forecasts & Opportunities, 2018" report to their offering.
One of the major drivers is the increasing demand for automation instrumentation from process industries. Currently, several organizations across various process industries, including Oil and Gas, Chemical, and Petrochemical, opt for automation instruments in order to enhance their operational efficiency.
The development of customized automation solutions is another major trend in the Global Automation Instrumentation market. Several automation instrument vendors face increased competition from other local and regional vendors due to the lack of product differentiation. In order to overcome this problem, several local and regional vendors have started offering customized automation solutions that meet the specific needs of their customers at a competitive price. As a result, several SMEs across various industries, such as Food and Beverages, Pulp and Paper, Chemical, and Petrochemical, opt for these customized automation solutions. This in turn enables several cost-driven organizations to improve their operational performance at minimal cost.
Further, the report states that a major challenge in the market is the lack of effective product differentiation. Several automation instrument vendors offer similar kinds of product, thereby forcing the need for market vendors to differentiate their key product concepts in order to sustain their places in the competitive business environment.
The key vendors dominating this market space are:
- ABB Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- Yokogawa Electric Corp.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Product
08. Market Segmentation by End-users
09. Geographical Segmentation
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/3zjz7s/global_automation