The process automation & instrumentation market is expected to record the CAGR of 6.0% during
2019–2024.
What are the
driving factors for process automation & instrumentation market?
Importance of Energy Efficiency and Cost
Reduction, IIoT: the Catalyst for Digitalization, and Emphasis on Industrial
Automation and Optimum Utilization of Resources drives the market.
Which
instrument accounted for the largest share of market in 2019?
Field Instruments accounted for the majority
of the global process automation and instrumentation market share in 2019.
Which are
the significant players operating in process automation and instrumentation
market?
ABB (Switzerland), Siemens (Germany), Emerson
Electric (US), Schneider Electric (France), and Honeywell International (US)
are some of the major companies operating in the process automation and
instrumentation market.
How is the
process automation and instrumentation market segmented?
The process automation and instrumentation
market has been segmented based on instrument, solution,industry, and region.
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