Process Automation Market to Reach $149.0 billion with 8.27% CAGR Forecast to 2021

PUNE, INDIA, February 28, 2017 /EINPresswire.com/ --
The process of automation has become an important part of modern manufacturing and industrial processes. It helps enterprises to realize high-quality products at profitable prices and also aids in developing superior technologies to reduce operational constraints. The companies all over the world are automating their processes with the help of different technologies like SCADA, DCS, MES and PLC. The demand for these technologies is growing steadily and many vendors are manufacturing solutions to help enterprises achieve efficiency in their manufacturing processes.


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Drivers


Government incentives for the manufacturing industry


Environmental regulations and safety standards to maintain


The cost of solutions has been reducing consistently and increase in labor market wages



Restraints



The economic activity still has to pick up in several countries owing to the global recession of 2008.


The market has reached a stagnant position in several developed countries. Vendors have to look out for new avenues for their products.


Global process automation market is expected to reach USD 149.0 billion by the end of 2021, growing at a CAGR of 8.27% from the current estimates of USD 92.5 billion. Some of the key vendors in the process automation market are ABB, Siemens, Schneider Electric, Honeywell and Rockwell Automation.


SPECIALITIES OF THIS REPORT



The report will be useful in gaining an exhaustive understanding of the regional market. It will also be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half of the decade.


The report will be an ideal source of material for industry consultants, manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition, to the opportunities offered.


The report contains a wide range of information about the leading market players and the major strategies adopted by them.



WHAT THE REPORT OFFERS


The market analysis with region-specific assessments and competitive analysis on global and regional scales.


Market definition along with identification of key drivers and restraints for the market.


Identification of the factors instrumental in changing the market scenarios, giving prospective opportunities and the identification of key companies that can influence the market on both the global and regional fronts.


Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.


Identification and analysis of the macro and micro factors that affect the industry on both global and regional scales.


A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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Key points in table of content
1. Introduction


1.1 Key Findings


1.2 Research Methodology


2. Executive Summary


3. Market Insights


3.1 Market Dynamics & Trends


3.2 Factors Driving the Market


3.2.1 Government Incentives for the Manufacturing Industry


3.2.2 Reducing Cost of Automation Solutions and Increasing Labor Wages


3.2.3 Increased Focus on Manufacturing Industry and Need for Energy Efficiency


3.3 Factors Restraining the Market


3.3.1 Reliability Issues with Cloud Computing Escalating the Skepticism Levels


3.3.2 Lack of Skilled Workforce


3.4 Industry Value-Chain Analysis


3.5 Industry Attractiveness Porters Five Forces Analysis


3.5.1 Bargaining Power of Suppliers


3.5.2 Bargaining Power of Consumers


3.5.3 Threat of New Entrants


3.5.4 Threat of Substitute Products or Services


3.5.5 Competitive Rivalry among Existing Competitors


4. Technology Overview


4.1 Technology Snapshot


4.2 Applications


5. Global Process Automation Market Breakdown by Technology Type


5.1 Supervisory Control and Data Acquisition (SCADA)


5.2 Programmable Logic Controller (PLC)


5.3 Distributed Control System (DCS)


5.4 Manufacturing Execution Systems (MES)


5.5 Others


6. Global Process Automation Market Breakdown by Communications Protocol


6.1 Wired Protocols


6.2 Wireless Protocols


7. Global Process Automation Market Breakdown by Type of Solutions


7.1 Hardware


7.2 Software


7.3 Services


8. Global Process Automation Market Breakdown by End-User Industry


8.1 Chemical & Petrochemical


8.2 Paper & Pulp


8.3 Automotive


8.4 Water & Waste Water Treatment


8.5 Energy & Utilities


8.6 Oil & Gas


8.7 Pharmaceutical


8.8 Food, Tobacco, and Beverages


8.6 Others


9. Global Process Automation Market Breakdown by Geography


9.1 North America


9.1.1 United States


9.1.2 Canada


9.2 Europe


9.2.1 United Kingdom


9.2.2 France


9.2.3 Germany


9.2.4 Others


9.3 Asia-Pacific


9.3.1 China


9.3.2 India


9.3.3 Japan


9.3.4 Others


9.4 Latin America


9.4.1 Brazil


9.4.2 Mexico


9.4.3 Argentina


9.4.4 Others


9.5 Middle East and Africa


9.5.1 United Arab Emirates


9.5.2 Saudi Arabia


9.5.3 Others


10. Company Profiles


10.1 ABB


10.2 Honeywell


10.3 Siemens


10.4 Schneider Electric


10.5 Mitsubishi


10.6 Rockwell Automation


10.7 Emerson


10.8 Danaher


10.9 Cameron International


10.10 Texas Instruments


10.11 Eaton Corporation


10.12 General Electric Corporation (GE)


10.13 Endress+Hauser Group


10.14 Krohne Messtechnik GMBH


11. Investment Analysis


11.1 Recent Mergers and Acquisitions


11.2 Investor Outlook


12. Future Outlook of Process Automation in Global Market

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