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

Programmable Robots Market by Type (Hardware and Software) for Entertainment, Education Sectors, Household, Research and Machinery - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”.

Jun-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-1761 | Report Format:

The report analyzes and forecast programmable robots market on a global and regional level. The study offers past data of past year along with forecast from 2014 to 2022 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers and restraints for the Pro...Read More

Environmental Remediation Market for Banking and Financial Services, Telecom and IT, Healthcare, Government, Automotive, Government, Manufacturing and Retails and Other application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022.

Jun-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-1760 | Report Format:

The report analyzes and forecasts environmental remediation market on a global and regional level. The study offers past data of 2014-2016 along with forecast from 2017 to 2022 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers and restraints for ...Read More

Top Display Technologies and Devices Market by Technology (OLED, LED, Virtual Retinal, Quantum Dot) by Devices (Flexible Display, Interactive Display, 3D Display and Screenless Display): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 -2022

Jun-2017 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-1758 | Report Format:

The report covers analysis and forecast for the top display technologies and devices 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 top display...Read More

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

Price : $ 3599.00 | Report Code: ZMR-1754 | Report Format:

Global Chatbot Market: Overview A chatbot is a specialized computer program that uses artificial intelligence to initiate a conversation between human beings and machine. It is a robot that has the functionality of interactively chatting with the human beings through audio or textual mode; this ...Read More

Fingerprint Sensors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1736 | Report Format:

Global Fingerprint Sensors Market: Overview A fingerprint sensor scans biological features of the fingerprints and compares it with the biometric template stored in the database. It provides verification and approval to the individual. It is more commonly used in the biometric authentication sys...Read More

Choose License Type: