Process
Automation helps the Manufacturing Process Faster, Cost Efficient and made easy
to increase the productivity among the Industry.
Process
Automation: The technological
advancements are helping the manufacturing process and other such tasks perform
a lot faster and cost effective.
Industrial, especially Factory
Automation is the use of different control systems, software and other
technologies for automation of the factory. Today, the technological
advancements are allowing the Manufacturing Process and other such tasks to be
performed a lot faster and cost efficiently. The use of these technologies
increases productivity, quality, almost negates wastage, propels a faster
interaction with different departments within the company and other such perks.
The need for automation is the growing need for better quality products with
increased production rates and also the need to decrease the labor costs.
Market
Brief:
The Global Process Automation Market
Revenue is expected to grow from $87.67 Billion in 2013, to $119.29 Billion in
2018, at an estimated CAGR of 6.4% from 2013 to 2018. Also, the Process
Instrumentation Market is expected to grow from $23.67 Billion in 2013, to
$31.71 Billion in 2018, with a CAGR of 6%.
To focus on the leading region in this
market, APAC is expected to rejuvenate the process automation market owing to
the escalated demands from the oil and gas extraction, waste water treatment,
and pharmaceutical verticals. China hosts the biggest market for this industry
which is the primary hub for Global Manufacturing Industry. For instance, China
accounts for more than 60% of Siemens Control Systems Manufacturing Currently.
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REPORT
SCOPE:
The report is segmented based on
product types, end use verticals and geographic regions. The market share
analysis, strategies and future opportunities are discussed in depth in the
report. The service market has been aiding the market in earning significant
revenues apart from the hardware and software sales, with an augmented segment
of the end-users, preferring the maintenance and outsourcing services instead
of the in-house purchase and the subsequent maintenance.
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Market
Segmentation:
- The Process Automation Market is broadly divided into 4 types namely:
- By Modules Analysis: Software Systems, Instrumentation and Controls, Switches, Controllers and Others.Valves, Actuators and Positioners.
- By Verticals: F&B, Automotive, Petrochemical, Oil & Gas, Chemical and Others.
- By Geography: Americas, Europe, APAC and ROW.
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Key
Players:
Innovative products and services are
gradually capturing the Industrial Automation market. Companies such as Sick
AG are offering better miniature sensors to which are affordable and
productive. Siemens who already have strong market in Asia are increasing
production due to demand for automation in emerging countries like India.
The instrumentation market is governed
by the major players like Emerson Electric Co. (U.S.), Yokogawa Electric
Corporation, Inc. (Japan) and Endress+Hauser (Switzerland), among others.
- ABB Ltd
- Honeywell International Inc
- Siemens AG
- Yokogawa Electric Corp
- Endress+Hauser AG
- Invensys Plc
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