Automation And Instrumentation Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-363 | Report Format : | Status : Upcoming |

Abstract

Automation is the use of various control systems for operating any equipment with minimal or no human intervention. Use of automation has improved the quality, accuracy, and precision. The advantage of using automation is that it saves labor, energy, and materials. Instrumentation can be defined as the art of control and the measurement of the process variables within a production or manufacturing area. Instrumentation and automation go hand in hand. Different instruments are required in the automation process for measuring and analyzing the level of the product’s performance.

Automation and instrumentation complement each other as automation process requires the help of different instruments. The need to increase the productivity has prompted the organizations to adopt automation with an aim to gain a competitive advantage over their rivals. Rising labor costs have prompted companies to adopt automation with an aim to streamline their production processes and reduce their dependence on expensive human labor. The labor shortage in developed regions is presumed to play a key role in shaping the market in the near future. Industry participants that aim to reduce the overall production time, decrease manufacturing cost, and increase manufacturing flexibility are expected to adopt such practices and are anticipated to play a lead role in influencing the market. Growing industrial safety concerns are projected to play a key role in complementing the global market in the near future.

The process industries are having a great demand for automation which is one of the major factors boosting the growth of the automation instrumentation market. Lack of effective product differentiation may hamper the growth of the market; for example, various automation instrument retailers are facing augmented competition from regional and local vendors due to lack of effective product differentiation. As a solution to this problem and to meet the needs of the clients, retailers have started to use customized automation solutions. Another benefit is that these things are offered to them at a competitive price. Hence, different industries like oil, gas, and petrochemical are moving to use automation instruments to improve their operational efficiency.

The automation and instrumentation market is segmented based on process stages, equipment, technology, end-use industry, and technique. Based on the type of process stages, the market is segmented as the collection, distribution, and treatment. On the basis of technique, the global market is segmented as the operating system, programmable, processor, and network instrumentation. Based on the end-use industry, the global market is segmented as refining chemicals industry, electric utilities, oil & gas, metals, mining, others.

Asia Pacific is anticipated to witness considerable growth owing to upstream end-use industries in countries such as Brazil, Russia, India, and China. Moreover, high demand from these countries also impacts the growth of the market in an appositive way.

Some of the key players in the global automation and instrumentation market include Emerson Electric Co., BB Ltd., Yokogawa Electric Corp., and Honeywell International Inc. Other major players influencing the global market are Siemens AG, Mitsubishi Electrical Corp, and Rockwell Automation.

Automation And Instrumentation Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Digital Marketing Software Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1364 | Report Format:

Digital Marketing Software Market: Overview Digital marketing can be defined as a technique where the products or the brands are promoted using different means of electronic media. Digital marketing totally differs from the traditional marketing as the digital marketing method involves various c...Read More

Demand Response Management System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1361 | Report Format:

Demand Response Management System Market: Overview The demand response (DR) management is not a new concept it was used in the US during the year 1970. Owing to the increase in the complexity of the DR programs the choices for the communication devices and protocols has increased and also the op...Read More

Deep Packet Inspection and Processing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1360 | Report Format:

Deep Packet Inspection and Processing Market: Overview In the recent years there has been an increase in the demand for the security equipment in order to scan the data against the harmful contents. The data processing technique wherein the contents of the data that is being sent are scanned pro...Read More

X-Band Radar Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1357 | Report Format:

X-Band Radar Market: Overview X-band radars are used in a variety of applications such as in airports for controlling the air-traffic and alarming systems and long-range surveillance in the applications of defense. There are two categories of X-band radars; sea-based x-band radar and mobile x-ba...Read More

Surface Mount Technology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1355 | Report Format:

Surface Mount Technology Market: Overview The method through which electronic circuits are manufactured is known as surface mount technology. With the help of the surface mount technology the component of the electronic circuits is placed on the printed circuit boards (PCBs) surface directly. Th...Read More

Choose License Type: