Global Process Automation & Instrumentation Market Analysis, Trends, and Forecasts, 2019-2025
Dublin, Oct. 30, 2019 (GLOBE NEWSWIRE) -- The "Process Automation & Instrumentation - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
The Process Automation and Instrumentation market worldwide is projected to grow by US$30.5 Billion, driven by a compounded growth of 5.7%
Field Instrument, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$52.5 Billion by the year 2025, Field Instrument will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 6.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.4 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.4 Billion worth of projected demand in the region will come from the rest of the European markets. In Japan, Field Instrument will reach a market size of US$4.2 Billion by the close of the analysis period.
As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5.5% over the next couple of years and add approximately US$5.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- ABB Group
- Beckhoff Automation GmbH & Co. KG
- Carlo Gavazzi Holding AG
- Delta Electronics, Inc.
- Emerson Electric Co.
- Endress+Hauser AG
- General Electric Company
- Hollysys Automation Technologies Ltd.
- Honeywell International, Inc.
- IDEC Corporation
- Inductive Automation
- Intech Process Automation Inc.
- Maple Systems
- Metso Corporation
- Mitsubishi Electric Corporation
- Pepperl+Fuchs GmbH
- Process Automation Solutions GmbH
- R. Stahl AG
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Turck Inc.
- WAGO Corporation
- Yokogawa Electric Corporation
For more information about this report visit https://www.researchandmarkets.com/r/rkzcgc
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.