At CAGR of 6.4% Process Automation Market Is Expected to Reach $119.29 Bn by 2018

Hyderabad, India, October 9, 2015 (Newswire.com) - 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.

Browse Market Data Tables, Figures spread through 175 pages and in-depth TOC “Process Automation Market (2013 – 2018): By Type (PLC, SCADA, Valves, Transmitters, MES); By Industry (Chemical, Oil & Gas, Petrochemical, F&B, Paper, Automotive)” @ http://industryarc.com/Report/122/Global-Process-Automation-Market.html

​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.

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.

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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