DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/np5vdm/process) has announced the addition of the "Process Automation & Instrumentation Market - Global Trend and Forecast to 2020" report to their offering.
The process automation & instrumentation market is expected to reach USD 81.69 Billion by 2020 at a CAGR of 4.68% between 2015 and 2020.
The growth of the process automation & instrumentation market is driven by factors such as the increasing demand for energy-efficient production process, rising concerns related to functional safety, and the demand for a software system to determine failures at the component level.
Factors such as the increasing importance of regulatory compliance, implementation of automation solutions for manually uncontrollable processes, predictive maintenance and factor visibility, increased labor cost, high level of efficiency with the help of wireless networks are also supporting the growth of the process automation & instrumentation market.
North America accounted for the largest market share in 2014; however, the market in APAC is expected to grow at a high CAGR between 2015 and 2020. The growth of the industrial activities in APAC coupled with increasing cost pressure and production rate has led to the increasing demand to implement process automation products and services. Applications in oil & gas accounted for a large share of the process automation & instrumentation market; however, its growth rate is very slow. This is mainly due to the declining oil prices.
- Abb Ltd.
- Emerson Electric Company
- Endress+Hauser Ag
- Hollysys Automation Technologies Ltd
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Pepperl+Fuchs Gmbh
- R. Stahl Ag
- Rockwell Automation, Inc.
- Schneider Electric Se
- Siemens Ag
- Yokogawa Electric Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market Analysis, By Instrument
8 Market Analysis, By Solution
9 Market Analysis, By Application
10 Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/np5vdm/process