Process Automation and Instrumentation Market
Date: 6/8/2015 Process Automation and Instrumentation Market by SCADA, PLC, DCS, MES Technology and Chemical, Oil & Gas, Solar, Metal, Water & Waste, Energy, Food, & Automotive Applications 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 The report provides details of the trends and growth prospects for the process automation market in the years to come. The process automation and instrumentation are very important as they increase sustainability in terms of resource efficiency and energy cost. They allows flexible manufacturing and better asset management. Major technologies covered under it are DCS, PLC, SCADA, and MES. On the other hand, process instrumentation includes instrumentation like flow transmitter, temperature transmitter, pressure transmitter, level transmitter and control valves. 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 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: 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). ###
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.
American Industrial Systems, Inc. (AIS) the leader in open architecture, PC-based HMI touch panels, Industrial panel PCs (IPCs), HMI Systems and touch-screen interfaces for a broad range of industrial, commercial and manufacturing industries, now offers their Industrial Process Automation HMI Touch Panels. The new Industry 4.0 HMI, Process Automation touchscreen interfaces and devices from AIS are suited to serve a wide range of Process Automation and control applications including: Chemical Manufacturing, Paper & Cellulose, Metals, Water & Waste Water Treatment, Pharmaceutical, Energy, Food, Oil & Gas, Glass & Solar, Automotive and others.