The global process automation market size was at $65 billion in FY 2018. And, the demand is increasing at a progressive CAGR of 6.2% during the forecast period of 2019 to 2025. Although process automation market is flourishing throughout the world, the Asia-Pacific region has managed to grab the largest demand share of around 30% to 35% as of 2018. The pharmaceutical sector is the key end-use industry where process automation is flourishing. The process automation market in the pharmaceutical industry projected to grow at a relatively higher CAGR of 8% during the aforementioned forecast period.
A full report of Process Automation Market is available at: https://www.orionmarketreports.com/process-automation-instrumentation-market/28538/#ert_pane1-0
Process Automation Market: Segmentation
• Process automation market is segmented on the basis of components, communication protocol, application and region.
• On the basis of component, the global process automation market can be segmented into software, hardware and services. Hardware is sub-segmented into switches, controllers, input/output cards, human machine interface and I/O cards. Services market is further sub segmented into outsourcing, external engineering and asset management.
• On the basis of communication, the global process automation market can be segmented into wireless protocol and wired protocol.
• On the basis of application, the global process automation market can be segmented into water treatment plant, chemical manufacturing industry, paper industry, metals industry, pharmaceutical industries, food and beverage industry, oil & gas and automotive industry.
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by IoT in Process Automation Market Report
• What was the Process Automation Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Process Automation Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Process Automation Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
