Get In Touch

Global Process Automation and Instrumentation Market: Overview

The process automation and instrumentation market is likely to grow at healthy pace during the course of forecast period from 2018 till 2026. The growth in the global automation and instrumentation market depends on growing prominence on regulatory compliance in the process industries. The rising adoption of IoT across various industries and shift in production process from conventional to digital is another factor stimulating growth of this market in coming years. 

On the basis of instrument, Field instrument is likely to dominate the global process automation and instrumentation market. As the instrument plays crucial role in the control of process parameter in the process industries. 

The study provides comprehensive analysis of the global process automation and instrumentation market along with this the growth prospect of this market is also highlighted in great details. The report also provides factors promoting and deterring growth of this market. The report also offers competitive dynamics in the global market by factoring the weakness and strength of the key players, key products and degree of competition among the players are also included. 

Global Process Automation and Instrumentation Market: Trends and Opportunities 

The global process automation and instrumentation market is driven by increasing regulatory compliance in the processed industries. The rising labor wages in the industrial sector is another trend supporting growth of this market. Further, increasing demand for proactive solutions that can determine failure at the component level, has also provided a boost to the growth of this market in coming years. 

The increase in adoption of multivendor portable application will be one of the key factor influencing growth of this market. In addition, the increasing industrial automation rate of adoption among several end-user industries are stimulating growth of this market in the upcoming years. Further, the growing demand for utilities and energy is anticipated to offer highest growth over the forecast period. The industry helps in reducing emission and is pushing for increasing efficiency. The process automation and instrumentation offers proficient output and input energy management and thereby promoting towards growth of this market.  The ever-growing demand for energy and government initiatives to improve power reliability and to increase inclination towards the local industries. These are some of the factors propelling growth of this market in the upcoming years. 

Global Process Automation and Instrumentation Market: Regional Outlook 

Geographically, North America dominate the global process automation and instrumentation market owing to increase in industrialization automation rate of adoption in the region, especially in U.S. This is one of key reason behind growth of this market and this is further trailed by Europe. Additionally, U.S. is the largest revenue contributor in the global process automation and instrumentation market during the course of forecast period. 

Global Process Automation and Instrumentation Market: Companies Mentioned 

This portion of the report includes some of the key players functioning in the global process automation and instrumentation market. Some of the players operating in the global process automation and instrumentation market are Siemens, Mitsubishi Electric, Rockwell Automation, Honeywell and Schneider Electric. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Process Automation Instrumentation Market

Pre Book