DALLAS, June 3, 2014 /PRNewswire-iReach/ -- With the increasing demand from customers, the current market situation in the automation industry is encouraging. So the process automation and instrumentation becomes very essential tool in the different industries. Factors that are driving the process automation and instrumentation market are: reduction into operational and maintenance cost, maximization into efficiency and quality of a plant and protection to people, plant assets and the environment. The process automation and instrumentation market report details the design architecture, market statistics and the market standards for process automation market.
The analysis shows that the total process automation and instrumentation market is projected to reach market revenue worth $180.26 billion by 2020. In terms of technology nearly 60% of market is governed by DCS (Distributed Control System). Whereas the PLC & SCADA gaining popularity in the process automation and instrumentation market. America and Europe are the highest market sharing countries, and will continue their growth till 2020. Petrochemical Manufacturing, Water and Waste Water Treatment, Energy and Power Utilities, Oil and Gas Extraction showing highest contribution in 2013 and they are expected to grow in the future.
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- Impact analysis of the process automation & instrumentation market, which describes factors currently driving and restraining the growth of the market as well as the impact in the long run.
- Market size, forecasts, and industry roadmap of process automation and instrumentation market.
- Extensive qualitative analysis of the process automation and instrumentation market. Porter's Five Force analysis to understand the market opportunities for potential new entrants and the current players.
- Burning issues and opportunities with respect to process automation and instrumentation market.
- Analysis of different process automation and instrumentation technologies and applications of the market.
- Key trends shaping and influencing the market.
- Illustrative segmentation, analysis, and projection of the important geographical markets to give an overall view of the global market.
- Detailed competitive landscape with identification of the key players in the market with respect to each type of the material, in-depth market share analysis with individual revenue, market shares, and market share rankings.
- Competitive intelligence from company profiles, key player strategies, and game-changing developments such as product launches, mergers and acquisitions.
- Identification of the emerging trends and analysis of the opportunities in the market, for the stakeholders, by identifying the high-growth segments of the Process Automation and Instrumentation market.
Comprehensive Table of Contents and more for the report "Process Automation and Instrumentation Market by Types (Hardware, Software, Service), Technology (SCADA, PLC, DCS, MES), Application (Chemical, Oil & Gas, Solar, Metal, Water & Waste, Energy, Food, Automotive) and by Geography – Analysis & Global Forecasts to 2013 – 2020" is available at http://www.rnrmarketresearch.com/process-automation-instrumentation-market-by-technology-scada-plc-dcs-mes-communication-profibus-fieldbus-wireless-hart-isa100-transmitter-flow-temperature-level-pressure-market-report.html .
Few Points from Table of Contents
12 Company Profiles
12.1 ABB Ltd.
12.2 Danaher Corporation
12.3 Emerson Electric Company
12.4 Honeywell International, Inc.
12.5 Mitsubishi Electric Corp
12.6 Omron Corporation
12.7 Rockwell Automation
12.8 Schneider Electric SA
12.9 Siemens AG
12.10 Yokogawa Electric Corp.
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An industrial robot is an automatically controlled, reprogrammable, multipurpose manipulator programmable in three or more axes. Although major enterprises focus on robotics for a long time, no enterprise can master the core technology of the whole industry chain. For instance, ABB has an advantage in robot control technology and software while Fanuc enjoys an advantage in numerical control technology. Meanwhile, Yaskawa Electric possesses the advantage in servomotor and robots in cleaning field while KUKA Group is competitive in control and software. Core control and software that decide the performance of robots are kept in the original countries though several international giants establish production bases in China. Therefore, industrial robots are technology-intensive products while the industry possesses high technical barriers.
An industrial automation solution helps organizations, especially those in the process and discrete industries optimize their business operations by effectively controlling various processes. There are six major types of industrial automation: DCS, PLC, MES, APC, safety systems, and SCADA. These automation solutions enhance organizational efficiency by facilitating uninterrupted system operations. In addition, they help companies by providing real-time information, which improves the efficiency of the entire plant and thereby reduces the total cost of ownership.
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