Process Automation and Instrumentation market is projected to expand at a CAGR of 5.27% to grow to US$128.769 billion by 2022, from US$99.611 billion in 2017

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According to this report, Process Automation and Instrumentation market is projected to expand at a CAGR of 5.27% to grow to US$128.769 billion by 2022, from US$99.611 billion in 2017.

Growing adoption of automation across various end-use industries due to rising production costs and stringent regulations regarding workers? safety in the hazardous working environment is one of the major drivers of global process automation and instrumentation market. Rising need for energy-efficient processes to minimize the material wastage is further driving the demand for these solutions. Growing need for software solutions for detection and reduction of failures along with the technological advancement will bolster the global process automation and instrumentation market growth over the next five years. 

Browse through the complete description and in-depth TOC on “Process Automation and Instrumentation Market”
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By Process Type

Process Automation and Instrumentation market is segmented by process type into automation and instrumentation. The market for process automation solutions will grow at a higher CAGR during the forecast period due to the adoption of automation processes among various end-use industries such as food and beverage, pharmaceuticals, packaging, and pulp and paper among others.
 
By End-User Industry

Process Automation and Instrumentation market is segmented by the end-user industry as oil and gas, water and wastewater, power, chemical, food and beverage, pharmaceuticals, and others. The oil and gas sector accounted for the largest market share in 2016 and is projected to continue its dominance throughout the forecast period. 
 
By Geography

Geographically, Americas held the largest market size in 2016 and will remain at its position till 2022 owing to the rising investments in chemical and petrochemical industry in the region. Major players such as Dow, Exxon, the joint venture of Chevron and The Phillips 66 have built large crackers along the U.S. Gulf of Mexico coast that will get started in 2017 and 2018. 
 
Report Segmentation

Process Automation and Instrumentation market is segmented by process type, by product, by solutions, by end-user industry, and by geography:

By Process Type
Automation
Instrumentation

By Product
Control Valves
Transmitters
Analyzers

By Solution
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Supervisory Control and Data Acquisition (SCADA)
Manufacturing Execution System (MES)
Others

By End-User Industry
Oil and Gas
Water and Wastewater
Power
Chemical
Food and Beverage
Pharmaceuticals
Others

By Geography
Americas
North America
U.S.
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe Middle East and Africa
Europe
UK
Germany
France
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
Japan
China
India
Australia
Others
 
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