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

Data Center Support Infrastructure Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-803 | Report Format:

Global Data Center Support Infrastructure Market: Overview A data center support infrastructure is nothing but a digitalized infrastructure utilized for promoting data consumption and sharing. Like other infrastructures, it is developed to meet the demand of the society and industry for a data e...Read More

Warehouse Management Systems Market by Component (Software (On Premise & Cloud) and Services) for Retail, Pharmaceutical, Electronics, Food & Beverage and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022

Jan-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-801 | Report Format:

The report covers forecast and analysis for the warehouse management system market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2017 to 2022 based on revenue (USD Billion). The study includes drivers and restraints for the warehouse management...Read More

Business Jet Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-798 | Report Format:

Global Business Jet Market: Overview Business jets are the aircraft that are used to carry small groups of people. These types of aircraft are also known as private jet or bizjet. Business jets are also utilized for evacuation of the casualties caused by natural or disaster situations, for expre...Read More

Alarm Monitoring Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-792 | Report Format:

Global Alarm Monitoring Market: Overview Alarm monitoring is the system that is used to initiate quick communication between home security system and security service provider. This system allows service providers regarding the medical emergency, burglar, and fire at home. The control panel of t...Read More

Airport and Marine Port Security Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-790 | Report Format:

Global Airport and Marine Port Security Market: Overview Airways and seaways are the most frequently preferred modes of transportation across the world. Hence, government and other regulatory authorities take care of port security, which has become extremely vital these days. Different security ...Read More

Choose License Type: