Process Automation and Instrumentation Market 2020

Process Automation and Instrumentation Market 2020

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. br 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.


User: Ruth Weigle

Views: 10

Uploaded: 2014-07-04

Duration: 00:24