A new Report by Delvens, titled "Process Automation Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Process Automation Market size is projected to reach a CAGR of 5.9% from 2022-2028.
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Process automation industries have been into existence for a long time. The advances in automation systems have taken the process industries to a next level in terms of time management, production quality, energy efficiency and optimization of process.
The growing importance of energy efficiency and cost optimization, increased productivity, minimized errors and better scalability; the increasing use of digital technologies such as IIoT, machine learning, and artificial intelligence; and the rising emphasis on industrial automation and optimum utilization of resources are some of the factors that have supported long-term expansion for Process Automation Market.
Key Players
· ABB Ltd.
· Emerson Electric Company
· Danaher Corporation
· Omron Corporation
· Mitsubishi Electric Corp.
· Schneider Electric
· Rockwell Automation
· Siemens and Yokogawa Electric Corporation and More
Recent Developments
In September 2021, Siemens launched Sitrans IQ, a new digitalization portfolio designed for targeted monitoring of critical measurement points to complete asset management covering instrumentation for multiple plants.
In June 2020, Emerson Electric Co. launched ASCO Series 353 pulse valves. These valves are expected to help end users achieve effective, efficient, and convenient bag cleaning. These valves can be used in different applications in agriculture, pharmaceuticals, mining, rubber, metals, cement, and power industries.
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Regional Analysis
Asia Pacific led the global process automation market, followed Asia Pacific led the global process automation market, followed by North America and Europe. In Asia Pacific, the demand for process automation solutions is growing from the oil & gas and food.
Process Automation Market is segmented into instrument, solution, industry and region.
On the basis of Instrument
· Field instruments
· Process analysers
On the basis of Solution
· PLC
· DCS
· SCADA
· HMI
· Functional Safety
· MES
On the basis of Industry
· Oil & Gas
· Chemicals
· Pulp & Paper
· Pharmaceuticals
· Water & Wastewater Treatment
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Process Automation Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
Frequently Asked Questions
· What are the years considered to study Process Automation Market intelligence report?
· What is the compound annual growth rate (CAGR) of the Process Automation Market?
· Which region holds the largest market share in Process Automation Market?
· Which region is the fastest growing in Process Automation Market?
· Who are the major players in Process Automation Market?
Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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