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Jul 17, 2017 10:25 AM ET

Process Automation & Instrumentation Market Forecast to 2023: By Instrument (Field Instrument, Control Valve, Analyzer), Solution (APC, DCS, HMI, MES, PLC, Safety Automation, SCADA) & End-User

iCrowdNewswire - Jul 17, 2017

The “Process Automation & Instrumentation Market – Global Forecast to 2023” report has been added to Research and Markets’ offering.

The process automation & instrumentation market is expected to be valued at USD 62.64 billion in 2017 and is likely to grow at a CAGR of 6.0% to reach USD 88.92 billion by 2023.

The market growth can be attributed to the rising emphasis on regulatory compliance in process industries, increasing adoption of IoT across various industries, shift in production approach from conventional practices to digitalized methods, growing labour wages in major manufacturing hubs, and rising demand for proactive solutions that can determine failures at component level, among others.

Control valves are the most commonly used control elements in process control systems. These are being devised to enable the flow of a fluid through a pipe based on the commands received from loop controllers such as a programmable logic controller (PLC). The burgeoning population worldwide is leading to an increase in the demand for energy, resulting in the rise of investments in the energy sector. In addition, the rising demand for clean portable water, along with safe and efficient waste collection and waste disposal facilities, is anticipated to augment the growth of the market for control valves in the coming years.

Companies Mentioned

– ABB Ltd.
– Beckhoff Automation GmbH & Co. Kg
– Carlo Gavazzi
– Delta Electronics Inc.
– Emerson Electric Co.
– Endress Hauser
– General Electric Co.
– Hollysys Automation Technologies Ltd.
– Honeywell International Inc.
– Idec Corporation
– Inductive Automation
– Intech Process Automation Inc.
– Maple Systems Inc.
– Metso Corporation
– Mitsubishi Electric Corporation
– Pepperl Fuchs GmbH
– Process Automation Solutions GmbH
– R. Stahl Ag
– Robert Bosch
– Rockwell Automation Inc.
– Schneider Electric Se
– Siemens Ag
– Turck Inc.
– Wago Corporation
– Yokogawa Electric Corporation

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Process Automation & Instrumentation Market, By Type

8 Process Automation & Instrumentation Market, By Instrument

9 Process Automation & Instrumentation Market, By Communication Protocol

10 Process Automation & Instrumentation Market, By Solution

11 Process Automation & Instrumentation Market, By End-User Industry

12 Geographic Analysis

13 Competitive Landscape

14 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/dkdmxn/process

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Industrial Automation (https://www.researchandmarkets.com/categories.asp?cat_id=562&campaign_id=dkdmxn)

Via iCrowdNewswire
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