The report of Global Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analytical Instrument) Solution (PLC, DCS, SCADA, HMI, Safety Automation, APC, MES) Industry (Food & Beverages, Pharmaceuticals, Chemicals, Energy &Power, Oil & Gas, Metals & Mining, Water & Wastewater, Pulp & Paper, Others) Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of 6% during a forecast period.
Process automation and instrumentation is the process of analyzing, measuring, and controlling various physical quantities using a variety of types of interconnected process control instruments. Process automation and instrumentation instruments include pressure, analyzers and detectors, flow& level sensors, monitoring systems, controllers, and many others.
Chemicals, oil and gas industries are witnessing the fastest growth at CAGR of XX%.
Process automation and instrumentation system is widely used in various industries such as chemicals, food and beverage, energy and power, oil and gas, water and wastewater and many others. Chemicals, oil, and gas industry is projected to witness fast growth at CAGR of XX% during the forecast period. Increasing demand for oil and gas, growing development in the oil and gas industry in developing economies, and increasing importance towards safety and security are some major driving factors that are attributed to the growth of the Market.
North America is witnessing fastest growth at CAGR of XX%.
North America held the largest market share in 2019 and is expected to witness fast growth at CAGR of XX% during the forecast period. The US and Canada are dominating the market. This is owing to a growing shift towards the industrial automation system and rising regulatory compliance in the process control industries. Increasing demand for cost-efficient and energy-efficient tools in process industries is driving the growth of the market.
Asia Pacific followed by Europe is expected to witness fast growth during the forecast period. The economies such as India, China and Japan, and UK, Germany, and France are dominating the market in the respective regions. This is owing to the rising urbanization and industrialization, increasing infrastructural investments, andhigh adoption of process automation and instrumentation tools in oil and gas and energy & power industry.
Maximize Market Research, India market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Process Automation & Instrumentation Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry.
Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Process Automation & Instrumentation Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Global Process Automation & Instrumentation Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Process Automation & Instrumentation Market”.
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The post Global Process Automation & Instrumentation Market size was US$ 71.4 Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 6% during the forecast period. appeared first on MAXIMIZE MARKET RESEARCH.
