Jun 7, 2018   SOURCE: BusinessWire

Global Process Automation & Instrumentation Market 2018-2023: 70-80% Market Share is Held by ABB, Emerson Electric, General Electric, Honeywell Intl, and Mitshubishi Electric - ResearchAndMarkets.com

The "Global Process Automation and Instrumentation Market - by Instrument, Solution, Industry, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

The Global Process Automation and Instrumentation Market was 61.38 Billion USD in 2017 and is estimated to reach 88.32 Billion USD by 2023 with a CAGR of 6.25% between 2017 and 2023.

One of the reasons for the growth of Process Automation and Instrumentation market is due to the adoption of multivendor portable applications. The industrial automation and rapid industrialization are also driving factors for market growth.

There are also factors which hinder the rate of growth of this market. These factors include high instrument failure rates because products of process instrumentation are subjected to high failure risks.

North America has the highest market value the total market value of Global Process Automation and Instrumentation Market. Increase in the industrial automation adoption rate in America is the main reason for the growth of the market in this region. North America tops the market with more than 40% of the total market share while it is followed by Europe, Asia-Pacific regions.

Top 5 to 6 companies hold the maximum market share i.e. 70-80% of Global Process Automation and Instrumentation market where as others with just 20-30% share of total market value and these top companies are ABB Ltd, Emerson Electric, General Electric Co., Honeywell International, Inc., Mitshubishi Electric Corporation etc.

Companies Mentioned

  • ABB
  • Emerson Electric
  • Honeywell
  • Mitsubishi Electric
  • Omron
  • Rockwell Automation
  • Schneider Electric
  • Siemens
  • Hollysys Automation Technologies Ltd
  • Thermo Fisher Scientific Inc
  • Yokogawa Electric Corporation

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Process Automation and Instrumentation Market Segmentation, Forecasts and Trends - by Instrument

6. Global Process Automation and Instrumentation Market Segmentation, Forecasts and Trends - by Solution

7. Global Process Automation and Instrumentation Market Segmentation, Forecasts and Trends - by Industry

8. Global Process Automation and Instrumentation Market Segmentation, Forecasts and Trends - by Region

9. Company Market Share Analysis

10. Company Profiles

11. Industry Structure

12. Global Process Automation and Instrumentation Market - Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/r8hnzv/global_process?w=4