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NORTH AMERICA PROCESS AUTOMATION AND INSTRUMENTATION MARKET FORECAST 2018-2026

NORTH AMERICA PROCESS AUTOMATION AND INSTRUMENTATION MARKET FORECAST 2018-2026

  • March 2018
  • 92 pages
  • ID: 4753170
  • Format: PDF
  • By Inkwood Research

Summary

Table of Contents

KEY FINDINGS
North America accounts for the largest market share in the global process automation and instrumentation market.The growing automotive industry in North America is anticipated to drive the process automation and instrumentation market.

The market for global process automation & instrumentation is projected to grow at a CAGR of 4.18% during the forecast period of 2017-2024. The technological advancements is one of the dominant drivers for the growth of the market in the region.

MARKET INSIGHTS
The North America region is segmented into Canada and the United States.The various technologies present in the process automation and instrumentation market are Distributed control system (DCS), Programmable logic controller (PLC), Supervisory control and data acquisition (SCADA), Automation and control systems (ACS), Manufacturing execution systems (MES), Safety instrumented systems (SIS) and others.

Among all, Distributed control system (DCS) is leading the technology segment by holding the largest share.

COMPETITIVE INSIGHTS
The notable companies present in the process automation and instrumentation market are General Electric Corporation (Ge), Texas Instruments, Rockwell Automation Inc., Danaher Corporation, ABB LTD., Mitsubishi Electric Corporation, Honeywell International Inc., Siemens Ag, Schneider Electric, and Emerson Electric Company.

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