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Process Automation & Instrumentation Market by Instrument, Solution, End-User Industry, and Geography - Global Forecast to 2023

Process Automation & Instrumentation Market: Global Forecast until 2023

  • July 2017
  • 191 pages
  • ID: 5006190
In this report:
The process automation and instrumentation market for PLC for the food & beverages industry is expected to be valued at USD ##.## billion in 2017 and is likely to reach USD ##.## billion by 2023, at a CAGR of ##.##% between 2017 and 2023.
It has been projected that APAC could drive approximately ##% of the global energy demand by 2035; China and India, collectively, are expected to fulfil ##% of the demand.


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"Process automation & instrumentation market to exhibit significant increase between 2017 and 2023"

The process automation & instrumentation market is anticipated to be valued at ~$62.6B in 2017 and is likely to grow at a compound annual growth rate (CAGR) of 6.00 percent to reach ~$88.9B by 2023. The market increase can be accredited to the growing emphasis on regulatory compliance in process markets, growing adoption of IoT across different industries, shift in production approach from conventional practices to digitalized methods, increasing labour wages in main manufacturing hubs, and increasing demand for proactive solutions that can determine failures at component level, among others.

"Market for control valves to grow at the maximal level rate between 2017 and 2023"

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 established on the commands received from loop controllers including a programmable logic controller. The burgeoning population worldwide is leading to an rise in the sector demand for energy, resulting in the increase of investments in the energy market. Additionally, the increasing demand for clean portable water, together with safe and efficient waste collection and waste disposal facilities, is anticipated to augment the increase of the market for control valves in the next years.

"Market for manufacturing execution system to grow at the highest level rate during the estimate period"

The process automation and instrumentation market for manufacturing execution systems is anticipated to rise at the maximal rate between 2017and 2022. MES is capable of performing multiple activities and offers efficiency by checking quality, as well as production optimization. It tracks prosecution processes with the help of process automation and helps plants maintain a proper track from the initial phase of raw materials to the end phase of distribution of products to end users. It is easier to gather info when the processes are executed using industrial automation as the control and technology systems are connected to MES and have a shared database. Nevertheless, it is difficult to track the information collected manually as it requires manual addition of data in the system, which may lead to human errors. Due to this, MES is actively being adopted by process markets global.

"Energy & power market to outpace the process automation & instrumentation market by 2023"

The energy & power sector is estimated to outpace the process automation & instrumentation market by 2023. The increasing necessity to minimize unplanned downtime, improve plant efficiency, optimize operations, rise cost savings, and lower emissions is anticipated to propel the market demand for process automation and instrumentation solutions in the energy & power market.

"APAC to be the quickest increasing market for process automation & instrumentations during the outlook period"

The investments in energy infrastructure are growing in APAC due to the growth in the industry demand for electricity and policy makers' push for better power reliability and home-grown sectors. Also, the process automation and instrumentation market for the pharmaceuticals sector in this area is increasing due to low-cost factors, changing regulatory environment, and significant development in the field of contract manufacturing. Owing to these factors, Asia-Pac is likely to be the quickest developing market for process automation & instrumentation between 2017 and 2023.

Breakdown of the profiles of the primary participants in the analysis has been provided below:

• By Company category: Tier 1 - 37.0 percent, Tier 2 - 33.0 percent, and Tier 3 - 30.0 percent

• By Description: C-suite executives - 71.0 percent and Directors - 29.0 percent

• By Area: North America (NA) - 32.0 percent, EU - 28.0 percent, Asia-Pac - 26.0 percent, and rest of the world - 14.0 percent

Some of the main actors operating in the process automation & instrumentation market contain ABB Ltd. (NYSE:ABB), Emerson Electric (NYSE:EMR), General Electric (NYSE:GE), Honeywell (NYSE:HON), Mitsubishi Electric (TSE:6503), Rockwell Automation (NYSE:ROK), Schneider Electric (SU), Siemens (SIA), Yokogawa Electric (TYO:6841), and Metso Corporation.

Segment Research

The process automation & instrumentation market research report covers distinct segments-type, instrument, solution, end-user market, and territory.

The sector has been further broken down on the basis of instrument into (1) field instrument -pressure, temperature, level, and humidity; (2) control valve - valve body, actuator, and others; (3) analyzer -pH analyzer, conductivity analyzer, gas chromatograph, and liquid chromatograph. The market research includes four main regions - North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

Figures of segmentation; review; and forecast of the market by category, instrument, solution, end-user sector, and area give an global view of the process automation & instrumentation market

Value chain study to offer exhaustive insights into the process automation & instrumentation market

Main drivers, market restraints, alternatives, and opportunities for the process automation & instrumentation market

In-depth competitive landscape, together with the top players, complete study, and revenue of the main actors

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