Sunday 14 June 2020

What is the total CAGR expected to be recorded for process automation & instrumentation market during 2019-2024?


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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