Process Automation and Instrumentation Is Estimated To Be 6.08% from 2014 to 2020, And Forecasted To Reach Market Revenue of $180 Billion In 2020

Process Automation and Instrumentation Market by SCADA, PLC, DCS, & MES Technologies and Chemical, Oil & Gas, Solar, Metal, Water & Waste, Energy, Food, & Automotive Applications

• By: marketsandmarkets.com
• Publishing Date: May 2014
• Report Code: SE 2461

Due to the technological innovations and increased demand on the process control systems, the process automation market is gaining advantage in the recent years. The growth of process automation and instrumentation is estimated to be 6.08% from 2014 to 2020, and forecasted to reach market revenue of $180 billion in 2020. This escalation is developing the need to analyze, review and to forecast the growth of the market. Energy efficient, optimization of asset utilization, cost efficient, reduction into engineering time are some factors that are increasing the popularity of process instrumentation and automation amongst the key players of industries.

The process automation is a revolutionary taxonomy of various technologies like SCADA, PLC, DCS, and MES, which include field instruments and Enterprise Resource Planning (ERP) technology, among others. The process automation solutions optimize the productivity and efficiency of the various stages of production, under various verticals like wastewater treatment, pharmaceutical, oil & gas extraction and petrochemicals, among others.

The service market has emerged as the most prolific domain in churning out the market revenues for the process automation market, with an augmented segment of the end-users, preferring the maintenance and outsourcing services instead of the in-house purchase and the subsequent maintenance.

The major driving factors for the market, which are expected to pay rich dividends in the coming years, include the need for energy efficiency, government incentive schemes for the manufacturing industry, and the upsurge in the labor charges.

The market has been segmented as discussed below:

• Market by technology – By technology the segments includes SCADA, PLC, DCS, MES and others.
• Market by component– The component segment divided into hardware, software and services. The hardware part is sub-segmented into controllers, switches, RTU, HMI, I/O cards. Software is discussed as standalone only. Service market subdivided into asset management, external engineering, outsourcing and so on.
• Market by communication- Market by communication protocols segmented into two types: wired protocols and wireless protocols. Wired protocols sub-segmented into Standard analog, 4-20 MA+HART, Profibus, Foundation Field Bus, Modbus. Wireless protocols sub-segmented into Wireless HART, ISA 100.
• Market by transmitter- Process Instrumentation Market is sub-divided into Flow Transmitter, Temperature Transmitter, Pressure Transmitter, Level Transmitter, Control Valves and Positioners.
• Market by application –The application part of the report has been classified into Chemical Manufacturing, Paper & Cellulose, Metals, Water & Waste Water Treatment, Pharmaceutical, Energy, Food, Oil & Gas, Glass & Solar, Automotive and others.

This report on process instrumentation market aims to detail the aggregation of equipment, components, systems, OEM, and contractor services. This report also aims to capture the market roadmap with market sizes, revenue forecasts, dynamics, applications and product trends, geographical analysis and price trends. The report is extensively segmented into segments like components and services, production process technology, applications and geography; each of these segments is further divided into sub-segments.

The report also identifies different market dynamics, like drivers, restraints and opportunities of each of the markets. Major players of the current market and the players with high potential to enter the market have been identified and profiled. Apart from the company profiles, competitive landscape (CL) of the key players for each of the markets has been discussed in the report. The CL includes detailed market share analysis, mergers and acquisitions, collaborations, partnerships, new product developments, and the key growth strategies of each player.

Major companies that are covered in this report are ABB Ltd. (Switzerland), Danaher Corporation (U.S.), Emerson Electric Company (U.S.), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Omron Corporation (Japan), Rockwell Automation Inc. (U.S.), Schneider Electric SA (France), Siemens AG (Germany), Yokogawa Electric Corporation (Japan).  

###

CONTINUATION:

Human Machine Interface (HMI) Panels and Enhanced Operator Interface Terminals Improve Process Automation and Instrumentation Efficiency

AIS, the leader in visualization, control and monitoring and displays solutions, with comprehensive in-house custom engineering and management capabilities, announces the availability of their expansive family of scalable Human Machine Interfaces (HMIs) and operator interface panels for automation and process control industries.  Applications in process industries such as Oil Refineries, Rigs & Processing Plants, Chemical Processing Plants, Gas Pipelines, Coalmines, Printing Industries, Paper & Textiles, Automotive Refueling Stations & Petrol Stations, Power Generation, Water & Waste Water, Food & Beverage, benefit from utilizing AIS’s HMIs, operator interfaces and rugged panel PCs for visualizing, controlling and monitoring for automation, process flow and batch control. Learn More >