Global Process Automation and Instrumentation Market CAGR, Volume and Value 2020-2022

[tony stark]

About Process Automation and Instrumentation
The report considers process automation and process instrumentation tools, equipment, and devices that help in seamlessly connecting and integrating different sub-processes within the industries. Under process automation, the report scope includes PLC, SCADA, DCS, and MES while process instrumentation includes control valves and industrial transmitters only.
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Technavio’s analysts forecast the global process automation and instrumentation market to grow at USD 91.60 billion during the period 2018-2022.
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Covered in this report
The report covers the present scenario and the growth prospects of the global process automation and instrumentation market for 2018-2022. To calculate the market size, the report considers the revenue generated from the process automation and instrumentation.
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Process Automation and Instrumentation Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
• ABB
• Emerson Electric
• Honeywell
• Mitsubishi Electric
• OMRON
• Rockwell Automation
• Schneider Electric
• Siemens
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Market driver
• The adoption of multivendor portable applications
• For a full, detailed list, view our report

Market challenge
• High instrument failure rates
• For a full, detailed list, view our report

Market trend
• IT and OT convergence
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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