DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bkpb33/automation_and) has announced the addition of the "Automation and Instrumentation Market in Chemical and Petrochemical Industry in Europe 2015-2019" report to their offering.
The report forecasts the automation and instrumentation market in chemical and petrochemical industry in Europe to grow at a CAGR of 6.55% over the period 2014-2019.
Increased automation solution offerings is one of the key trends in the market. Automation vendors are trying to vertically integrate in a bid to offer complete product solutions to customers, attract new customers, and differentiate their products in the highly competitive automation and instrumentation market.
According to the report, increased intra-European trade is one of the major drivers of the market. The removal of trade barriers within European countries has increased trade and has also helped in the growth of intra-European chemical sales, which now occupies more than half of the sales of the total chemical market in Europe.
Further, the report states that high costs associated with chemical industry is one of the key challenges that the market faces. The chemical industry in Europe is affected by rising costs of operations, labor and raw materials, and is failing to attract major investments. The cost of labor has increased significantly over the years.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Size and Forecast
08. Industrial Automation Market Segmentation by Product
09. Automation Instrumentation Market Segmentation by Product
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
19. Other Reports in this Series
Companies Mentioned:
- ABB Ltd
- Emerson Process Management
- General Electric (GE) Co
- Schneider Electric SE and Siemens AG
- Honeywell International
- Mitsubishi Electric
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Rockwell Automation and Yokogawa Electric
For more information visit http://www.researchandmarkets.com/research/bkpb33/automation_and
