Process Automation & Instrumentation Market Size Worth $80.5 Billion By 2026 - KBV Research

NEW YORK - Sept. 7, 2020 - PRLog -- According to a new report Global Process Automation & Instrumentation Market, published by KBV research, The Global Process Automation & Instrumentation Market size is expected to reach $80.5 billion by 2026, rising at a market growth of 3% CAGR during the forecast period.

DCS segment is projected to account for highest share in global process automation and instrumentation market. DCS is a digital, industrial control system (ICS) that utilizes geographically scattered loops across a plant, unit, or control area. The growth of the DCS market is guided primarily by increasing demand for energy & electricity, the advent of open source DCS solutions, and cost and time effectiveness. The PLC & SCADA market is expected to witness a CAGR of 2.5% during (2020 - 2026).

Field instrument segment is anticipated to account for the largest share of the global process automation and instrumentation market. In process control, field instruments play a significant role in measuring main factors such as temperature, pressure, flow and level. Field instruments help monitor plant assets, improve plant safety, and automate overall production operations by data collection, monitoring, and measurement.

The North America market dominated the Global Process Automation & Instrumentation Market by Region 2019.

Global Process Automation & Instrumentation Market Segmentation

By Instrument

• Field Instrument
• Control Valve
• Analytical Instrument

By Solution

• Distributed & Advanced Control System
• PLC & SCADA
• Functional Safety
• Human Machine Interface
• Others

By End-User

• Chemical
• Energy & Power
• Oil & Gas
• Food & Beverages
• Pharmaceuticals
• Metals & Mining
• Others

By Geography

North America

• US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

LAMEA

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• ABB Group
• Siemens AG
• Emerson Electric Co.
• Schneider Electric SE
• Honeywell International, Inc.
• General Electric (GE) Co.
• Mitsubishi Electric Corporation
• Rockwell Automation, Inc.
• Yokogawa Electric Corporation
• HollySys Automation Technologies Ltd.
Structural Insights: https://www.kbvresearch.com/process-automation-instrumentation-market/