Table of Content

"1    INTRODUCTION    34
1.1    STUDY OBJECTIVES    34
1.2    MARKET DEFINITION    35
1.2.1    INCLUSIONS AND EXCLUSIONS    35
1.3    STUDY SCOPE    36
1.3.1    MARKETS COVERED    36
FIGURE 1    PROCESS AUTOMATION AND INSTRUMENTATION MARKET: SEGMENTATION    36
1.3.2    GEOGRAPHIC SCOPE    36
1.3.3    YEARS CONSIDERED    37
1.4    CURRENCY & PRICING    37
1.5    LIMITATIONS    37
1.6    STAKEHOLDERS    37
1.7    SUMMARY OF CHANGES    38
2    RESEARCH METHODOLOGY    39
2.1    RESEARCH DATA    39
FIGURE 2    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
RESEARCH DESIGN    40
2.1.1    SECONDARY AND PRIMARY RESEARCH    41
2.1.2    SECONDARY DATA    42
2.1.2.1    List of major secondary sources    42
2.1.2.2    Key data from secondary sources    43
2.1.3    PRIMARY DATA    43
2.1.3.1    Primary interviews with experts    44
2.1.3.2    Key data from primary sources    44
2.1.3.3    Key industry insights    44
2.1.3.4    Breakdown of primaries    45
2.2    MARKET SIZE ESTIMATION    45
2.2.1    BOTTOM-UP APPROACH    46
2.2.1.1    Approach for arriving at market size by bottom-up analysis
(demand side)    46
FIGURE 3    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
BOTTOM-UP APPROACH    46
2.2.2    TOP-DOWN APPROACH    47
2.2.2.1    Approach for capturing market size by top-down analysis
(supply side)    47
FIGURE 4    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
TOP-DOWN APPROACH    47
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY FOR LEVEL TRANSMITTERS MARKET USING SUPPLY-SIDE ANALYSIS    48

2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    49
FIGURE 6    DATA TRIANGULATION    49
2.4    RESEARCH ASSUMPTIONS    50
2.5    RISK ASSESSMENT    51
3    EXECUTIVE SUMMARY    52
FIGURE 7    IMPACT OF COVID-19 ON PROCESS AUTOMATION AND
INSTRUMENTATION MARKET    53
3.1    REALISTIC SCENARIO    53
3.2    PESSIMISTIC SCENARIO    53
3.3    OPTIMISTIC SCENARIO    54
FIGURE 8    FIELD INSTRUMENTS TO ACCOUNT FOR LARGER MARKET SHARE THAN PROCESS ANALYZERS THROUGHOUT FORECAST PERIOD    54
FIGURE 9    DCS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD    55
FIGURE 10    OIL & GAS TO ACCOUNT FOR LARGEST SHARE OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET BETWEEN 2022 AND 2027    56
FIGURE 11    ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET DURING FORECAST PERIOD    57
4    PREMIUM INSIGHTS    58
4.1    ATTRACTIVE GROWTH OPPORTUNITIES FOR PROCESS AUTOMATION AND INSTRUMENTATION MARKET    58
FIGURE 12    RISING ADOPTION OF PROCESS AUTOMATION AND INSTRUMENTATION SOLUTIONS IN VARIOUS INDUSTRIES TO INCREASE OPERATIONAL EFFICIENCY WOULD FUEL MARKET GROWTH DURING FORECAST PERIOD    58
4.2    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT    58
FIGURE 13    FIELD INSTRUMENTS TO CAPTURE LARGER MARKET SHARE
FROM 2022 TO 2027    58
4.3    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION    59
FIGURE 14    MANUFACTURING EXECUTION SYSTEM (MES) TO REGISTER HIGHEST
CAGR IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET
FROM 2022 TO 2027    59
4.4    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN NORTH AMERICA,
BY COUNTRY    59
FIGURE 15    US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN 2027    59
4.5    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY    60
FIGURE 16    OIL & GAS INDUSTRY TO HOLD MAJORITY MARKET SHARE IN 2027    60
4.6    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY COUNTRY    61
FIGURE 17    INDIA TO EXHIBIT HIGHEST CAGR IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET FROM 2022 TO 2027    61

5    MARKET OVERVIEW    62
5.1    INTRODUCTION    62
5.2    MARKET DYNAMICS    62
FIGURE 18    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    63
5.2.1    DRIVERS    63
5.2.1.1    Increasing focus of manufacturing firms on achieving cost saving and better efficiency    63
5.2.1.2    Growing need for efficient utilization of resources    64
5.2.1.3    Rising trend of connected enterprises in process industries    64
FIGURE 19    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
IMPACT ANALYSIS OF DRIVERS    65
5.2.2    RESTRAINTS    65
5.2.2.1    High implementation and maintenance costs associated with process automation    65
5.2.2.2    Sharp decline in revenue of major end-user industries such as
oil & gas and energy & power    66
FIGURE 20    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
IMPACT ANALYSIS OF RESTRAINTS    66
5.2.3    OPPORTUNITIES    66
5.2.3.1    Growing adoption of Industry 4.0 by manufacturing firms    66
5.2.3.2    Surging demand for safety automation systems
across process industries    67
5.2.3.3    Rising need for efficient multivariable pressure transmitters    67
5.2.3.4    Increasing adoption of IIoT across industries    68
FIGURE 21    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
IMPACT ANALYSIS OF OPPORTUNITIES    68
5.2.4    CHALLENGES    69
5.2.4.1    Cyberattacks and security threats    69
5.2.4.2    Shortage of skilled personnel to operate sophisticated
automation systems    69
FIGURE 22    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
IMPACT ANALYSIS OF CHALLENGES    69
5.3    VALUE CHAIN ANALYSIS    70
FIGURE 23    VALUE CHAIN: PROCESS AUTOMATION AND INSTRUMENTATION MARKET    70
5.4    ECOSYSTEM ANALYSIS    72
FIGURE 24    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
ECOSYSTEM ANALYSIS    72
TABLE 1    PROCESS AUTOMATION AND INSTRUMENTATION MARKET
ECOSYSTEM: KEY PLAYERS    73
5.5    TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS    74
FIGURE 25    REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN
PROCESS AUTOMATION AND INSTRUMENTATION MARKET    74
5.6    PORTER’S FIVE FORCES ANALYSIS    74
TABLE 2    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
PORTER’S FIVE FORCES ANALYSIS    74
5.6.1    INTENSITY OF COMPETITIVE RIVALRY    75
5.6.2    BARGAINING POWER OF SUPPLIERS    75
5.6.3    BARGAINING POWER OF BUYERS    75
5.6.4    THREAT OF SUBSTITUTES    75
5.6.5    THREAT OF NEW ENTRANTS    75
5.7    CASE STUDY ANALYSIS    76
TABLE 3    INDUSTRIAL NETWORKING SOLUTIONS (INS) HELPED ARB MIDSTREAM DEPLOY SCADA SOLUTIONS FOR NEW PIPELINE    76
TABLE 4    EMERSON HELPED CRUDE OIL PRODUCER TO REDUCE OPERATIONAL COSTS USING PRESSURE TRANSMITTERS    76
TABLE 5    AVEVA HELPED CITY OF BARCELONA EFFECTIVELY MANAGE RESOURCES AND INTEGRATE NEW PROCESSES AND FACILITIES    77
TABLE 6    COLOMBIAN OIL AND GAS COMPANY REDUCED MAINTENANCE COSTS AND INCREASED CYBER SECURITY FOR ITS ABB DISTRIBUTED CONTROL SYSTEMS    77
5.8    TECHNOLOGY ANALYSIS    77
5.8.1    IOT    77
5.8.1.1    IoT connectivity for process automation and instrumentation    77
5.8.2    ARTIFICIAL INTELLIGENCE    78
5.8.2.1    AI in process automation to reduce human intervention    78
5.8.3    PREDICTIVE MAINTENANCE    78
5.8.3.1    Maximum benefits of predictive maintenance    78
5.8.4    DIGITAL TWIN    78
5.8.4.1    Digital twin as foundation of Industry 4.0    78
5.9    PRICING ANALYSIS    79
5.9.1    LEVEL TRANSMITTERS    79
5.9.2    MES    80
TABLE 7    MANUFACTURING EXECUTION SYSTEM: AVERAGE PRICE ANALYSIS    80
5.9.3    FUNCTIONAL/INDUSTRIAL SAFETY COMPONENTS    80
TABLE 8    AVERAGE SELLING PRICE OF COMPONENTS    80
5.9.4    PROCESS ANALYZERS    81
5.9.5    DCS    81
TABLE 9    PRICE OF CONVENTIONAL DISTRIBUTED CONTROL SYSTEMS:    81
5.9.6    PLC    81
TABLE 10    PRICING ANALYSIS OF PROGRAMMABLE LOGIC CONTROLLER (PLC):    81
5.10    TRADE ANALYSIS    82
5.10.1    IMPORT SCENARIO FOR INSTRUMENTS AND APPARATUS FOR MEASURING OR CHECKING FLOW, LEVEL, PRESSURE OR OTHER VARIABLES    82
FIGURE 26    IMPORT DATA FOR INSTRUMENTS AND APPARATUS FOR MEASURING OR CHECKING FLOW, LEVEL, PRESSURE, OR OTHER VARIABLES, BY KEY COUNTRY, 2016−2020 (USD MILLION)    82
5.10.2    EXPORT SCENARIO FOR INSTRUMENTS AND APPARATUS FOR MEASURING OR CHECKING FLOW, LEVEL, PRESSURE, OR OTHER VARIABLES    82
FIGURE 27    EXPORT DATA FOR INSTRUMENTS AND APPARATUS FOR MEASURING OR CHECKING FLOW, LEVEL, PRESSURE, OR OTHER VARIABLES,
BY KEY COUNTRY, 2016−2020 (USD MILLION)    83
5.11    PATENT ANALYSIS    83
FIGURE 28    TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS    83
FIGURE 29    NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2021    84
TABLE 11    TOP 20 PATENT OWNERS IN US FROM 2011 TO 2021    84
TABLE 12    LIST OF FEW PATENTS IN INDUSTRIAL AUTOMATION MARKET, 2019–2021    85
5.12    MARKET REGULATIONS AND STANDARDS    86
TABLE 13    REGULATIONS AND STANDARDS FOR PROCESS
AUTOMATION AND INSTRUMENTATION    86
5.13    COMMUNICATION PROTOCOLS    87
5.13.1    WIRED COMMUNICATION PROTOCOLS    87
FIGURE 30    WIRED COMMUNICATION PROTOCOLS    87
5.13.1.1    USB protocol    88
5.13.1.2    UART protocol    88
5.13.1.3    SPI protocol    88
5.13.1.4    I2C protocol    88
5.13.1.5    CAN protocol    88
5.13.2    WIRELESS COMMUNICATION PROTOCOLS    88
5.13.2.1    Wi-Fi    89
5.13.2.2    Bluetooth    89
5.13.2.3    Zigbee    89
5.13.2.4    3G & 4G cellular    89
5.13.2.5    Others    90
TABLE 14    COMPARISON: WIRELESS COMMUNICATION PROTOCOLS    90
6    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT    91
6.1    INTRODUCTION    92
FIGURE 31    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT    92
FIGURE 32    SOLUTIONS TO LEAD PROCESS AUTOMATION AND INSTRUMENTATION MARKET FROM 2022 TO 2027    93
TABLE 15    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE,
2018–2021 (USD MILLION)    93
TABLE 16    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE,
2022–2027 (USD MILLION)    93
TABLE 17    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2018–2021 (USD MILLION)    94
TABLE 18    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2022–2027 (USD MILLION)    94
6.2    FIELD INSTRUMENTS    94
TABLE 19    FIELD INSTRUMENTS: COMMON TYPES OF TRANSMITTERS USED IN
PROCESS INDUSTRIES    95
6.2.1    IMPACT OF COVID-19 ON MARKET FOR FIELD INSTRUMENTS    95
TABLE 20    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY TYPE, 2018–2021 (USD MILLION)    96
TABLE 21    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY TYPE, 2022–2027 (USD MILLION)    96
TABLE 22    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY INDUSTRY, 2018–2021 (USD MILLION)    96
TABLE 23    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY INDUSTRY, 2022–2027 (USD MILLION)    97
TABLE 24    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY REGION, 2018–2021 (USD MILLION)    97
TABLE 25    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY REGION, 2022–2027 (USD MILLION)    97
6.2.2    LEVEL TRANSMITTERS    98
6.2.2.1    Accurate measurements offered by level transmitters for applications in water & wastewater treatment industry to foster market growth    98
TABLE 26    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY INDUSTRY, 2018–2021 (USD MILLION)    98
TABLE 27    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY INDUSTRY, 2022–2027 (USD MILLION)    99
TABLE 28    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY REGION, 2018–2021 (USD MILLION)    99
TABLE 29    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY REGION, 2022–2027 (USD MILLION)    99
6.2.3    PRESSURE TRANSMITTERS    100
6.2.3.1    Widespread use of pressure transmitters in oil & gas industry
to push market growth    100
TABLE 30    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY INDUSTRY, 2018–2021 (USD MILLION)    100
TABLE 31    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY INDUSTRY, 2022–2027 (USD MILLION)    101
TABLE 32    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY REGION, 2018–2021 (USD MILLION)    101
TABLE 33    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY REGION, 2022–2027 (USD MILLION)    101
6.2.4    TEMPERATURE TRANSMITTERS    102
6.2.4.1    Advanced capabilities of temperature transmitters to simplify operations will facilitate their demand    102
TABLE 34    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY INDUSTRY, 2018–2021 (USD MILLION)    102
TABLE 35    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY INDUSTRY, 2022–2027 (USD MILLION)    103
TABLE 36    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY REGION, 2018–2021 (USD MILLION)    103
TABLE 37    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY REGION, 2022–2027 (USD MILLION)    103
6.2.5    OTHERS    104
6.2.5.1    Humidity transmitters    104
6.2.5.2    Vibration level switches    104
TABLE 38    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR OTHERS,
BY INDUSTRY, 2018–2021 (USD MILLION)    105
TABLE 39    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR OTHERS,
BY INDUSTRY, 2022–2027 (USD MILLION)    105
TABLE 40    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR OTHERS,
BY REGION, 2018–2021 (USD MILLION)    106
TABLE 41    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR OTHERS,
BY REGION, 2022–2027 (USD MILLION)    106
6.3    PROCESS ANALYZERS    106
6.3.1    HIGH DEMAND FROM PHARMACEUTICALS INDUSTRY TO DRIVE GROWTH OF MARKET FOR PROCESS ANALYZERS    106
TABLE 42    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PROCESS ANALYZERS, BY INDUSTRY, 2018–2021 (USD MILLION)    107
TABLE 43    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PROCESS ANALYZERS, BY INDUSTRY, 2022–2027 (USD MILLION)    107
TABLE 44    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PROCESS ANALYZERS, BY REGION, 2018–2021 (USD MILLION)    108
TABLE 45    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PROCESS ANALYZERS, BY REGION, 2022–2027 (USD MILLION)    108
7    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION    109
7.1    INTRODUCTION    110
FIGURE 33    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION    110
FIGURE 34    DCS TO HOLD LARGER SHARE OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET FROM 2022 TO 2027    111
TABLE 46    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2018–2021 (USD MILLION)    111
TABLE 47    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION)    111
TABLE 48    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY INDUSTRY, 2018–2021 (USD MILLION)    112
TABLE 49    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY INDUSTRY, 2022–2027 (USD MILLION)    112
TABLE 50    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY REGION, 2018–2021 (USD MILLION)    113
TABLE 51    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY REGION, 2022–2027 (USD MILLION)    113
7.2    PROGRAMMABLE LOGIC CONTROLLER    113
7.2.1    GROWING USE OF MICRO AND NANO CONTROLLERS IN DIFFERENT
PROCESS INDUSTRIES TO FUEL MARKET GROWTH    113
7.2.2    IMPACT OF COVID-19 ON MARKET FOR PROGRAMMABLE
LOGIC CONTROLLERS    114
TABLE 52    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC,
BY INDUSTRY, 2018–2021 (USD MILLION)    114
TABLE 53    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC,
BY INDUSTRY, 2022–2027 (USD MILLION)    115
TABLE 54    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC,
BY REGION, 2018–2021 (USD MILLION)    115
TABLE 55    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC,
BY REGION, 2022–2027 (USD MILLION)    115
7.3    DISTRIBUTED CONTROL SYSTEM    116
7.3.1    RISING NEED FOR AUTOMATION TO ACHIEVE IMPROVED OPERATIONAL EFFICIENCY WILL AUGMENT DEMAND FOR DCS    116
7.3.2    IMPACT OF COVID-19 ON MARKET FOR DCS    116
TABLE 56    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS,
BY INDUSTRY, 2018–2021 (USD MILLION)    117
TABLE 57    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS,
BY INDUSTRY, 2022–2027 (USD MILLION)    117
TABLE 58    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS,
BY REGION, 2018–2021 (USD MILLION)    118
TABLE 59    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS,
BY REGION, 2022–2027 (USD MILLION)    118
7.4    SCADA    118
7.4.1    SURGING ADOPTION OF SCADA SYSTEMS TO COLLECT
REAL-TIME DATA REGARDING PRODUCTION COUNT AND DOWNTIME PROPELS MARKET GROWTH    118
7.4.2    IMPACT OF COVID-19 ON MARKET FOR SCADA    119
TABLE 60    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA,
BY INDUSTRY, 2018–2021 (USD MILLION)    119
TABLE 61    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA,
BY INDUSTRY, 2022–2027 (USD MILLION)    120
TABLE 62    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA,
BY REGION, 2018–2021 (USD MILLION)    120
TABLE 63    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA,
BY REGION, 2022–2027 (USD MILLION)    120
7.5    HUMAN–MACHINE INTERFACE    121
7.5.1    INCREASING ADOPTION OF IIOT BY MANUFACTURING COMPANIES TO
BOOST DEMAND FOR HMI    121
7.5.2    IMPACT OF COVID-19 ON MARKET FOR HMI    121
TABLE 64    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI,
BY INDUSTRY, 2018–2021 (USD MILLION)    122
TABLE 65    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI,
BY INDUSTRY, 2022–2027 (USD MILLION)    122
TABLE 66    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI,
BY REGION, 2018–2021 (USD MILLION)    123
TABLE 67    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI,
BY REGION, 2022–2027 (USD MILLION)    123
7.6    FUNCTIONAL SAFETY    123
7.6.1    RISING FOCUS OF GOVERNMENT ON IMPOSING STRINGENT SAFETY STANDARDS ACROSS INDUSTRIES ACCELERATES DEMAND FOR
FUNCTIONAL SAFETY SOLUTIONS    123
7.6.2    IMPACT OF COVID-19 ON MARKET FOR FUNCTIONAL SAFETY    124
TABLE 68    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY INDUSTRY, 2018–2021 (USD MILLION)    124
TABLE 69    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY INDUSTRY, 2022–2027 (USD MILLION)    124
TABLE 70    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2018–2021 (USD MILLION)    125
TABLE 71    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2022–2027 (USD MILLION)    125
7.7    MANUFACTURING EXECUTION SYSTEM    125
7.7.1    ACCELERATING NEED FOR EFFICIENT DATA MONITORING AND CONTROL SOFTWARE SOLUTIONS TO SPUR DEMAND FOR MES    125
7.7.2    IMPACT OF COVID-19 ON MARKET FOR MANUFACTURING
EXECUTION SYSTEM    126
TABLE 72    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES,
BY INDUSTRY, 2018–2021 (USD MILLION)    126
TABLE 73    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES,
BY INDUSTRY, 2022–2027 (USD MILLION)    127
TABLE 74    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES,
BY REGION, 2018–2021 (USD MILLION)    127
TABLE 75    PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES,
BY REGION, 2022–2027 (USD MILLION)    127
8    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY    128
8.1    INTRODUCTION    129
FIGURE 35    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY    129
FIGURE 36    OIL & GAS INDUSTRY TO CAPTURE MAJORITY SHARE OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN 2027    130
TABLE 76    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)    130
TABLE 77    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)    131
8.2    OIL & GAS    131
8.2.1    ACCELERATED DEPLOYMENT OF AUTOMATION SOLUTIONS IN OIL & GAS SECTOR TO REDUCE RISK OF ACCIDENTS AND ACHIEVE OPTIMUM EQUIPMENT NETWORK PERFORMANCE AUGMENT MARKET GROWTH    131
8.2.2    IMPACT OF COVID-19 ON OIL & GAS INDUSTRY    132
8.3    CHEMICALS    132
8.3.1    INCREASED USE OF PROCESS AUTOMATION PRODUCTS IN CHEMICAL PLANTS TO ENHANCE SAFETY AND IMPROVE EFFICIENCY TO
STIMULATE MARKET GROWTH    132
8.3.2    IMPACT OF COVID-19 ON CHEMICALS INDUSTRY    133
8.4    PULP & PAPER    133
8.4.1    STRINGENT ENVIRONMENTAL REGULATIONS AND CRITICAL NEED TO
REDUCE OPERATING COSTS BOOST ADOPTION OF PROCESS AUTOMATION SOLUTIONS IN PULP & PAPER INDUSTRY    133
8.4.2    IMPACT OF COVID-19 ON PULP & PAPER INDUSTRY    134
8.5    PHARMACEUTICALS    134
8.5.1    RAPID ADOPTION OF PROCESS AUTOMATION SOLUTIONS IN PHARMACEUTICALS INDUSTRY TO IMPROVE PRODUCTION EFFICIENCY AND REDUCE PRODUCTION AND OPERATING COSTS TO SUPPORT
MARKET GROWTH    134
8.5.2    IMPACT OF COVID-19 ON PHARMACEUTICALS INDUSTRY    134

8.6    METALS & MINING    135
8.6.1    HIGH NEED FOR EFFICIENT MONITORING AND CONTROL SOLUTIONS IN MINING OPERATIONS TO BOOST DEMAND FOR PROCESS AUTOMATION AND INSTRUMENTATION SOLUTIONS    135
8.6.2    IMPACT OF COVID-19 ON METALS & MINING INDUSTRY    135
8.7    FOOD & BEVERAGES    135
8.7.1    ESCALATED NEED FOR PROCESS AUTOMATION SOLUTIONS TO IMPROVE PLANT PRODUCTIVITY AND EFFICIENCY WILL PROPEL MARKET
GROWTH FOR F&B INDUSTRY    135
8.7.2    IMPACT OF COVID-19 ON FOOD & BEVERAGES INDUSTRY    136
8.8    ENERGY & POWER    136
8.8.1    ELEVATED DEMAND FOR ELECTRICITY AND STRONG NEED FOR HIGH OPERATIONAL EFFICIENCY TO PUSH MARKET GROWTH    136
8.8.2    IMPACT OF COVID-19 ON ENERGY & POWER INDUSTRY    137
8.9    WATER & WASTEWATER TREATMENT    137
8.9.1    URGENT NEED TO IMPROVE WATER TREATMENT PROCESSES TO SPUR DEMAND FOR PROCESS AUTOMATION AND INSTRUMENTATION SOLUTIONS    137
8.9.2    IMPACT OF COVID-19 ON WATER & WASTEWATER TREATMENT INDUSTRY    137
8.10    OTHERS    138
8.10.1    IMPACT OF COVID-19 ON OTHER INDUSTRIES    138
9    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION    139
9.1    INTRODUCTION    140
FIGURE 37    PROCESS AUTOMATION AND INSTRUMENTATION MARKET,
GEOGRAPHIC ANALYSIS    140
TABLE 78    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2018–2021 (USD MILLION)    140
TABLE 79    PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2022–2027 (USD MILLION)    141
FIGURE 38    GEOGRAPHIC SNAPSHOT: PROCESS AUTOMATION AND
INSTRUMENTATION MARKET    141
9.2    NORTH AMERICA    142
9.2.1    IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA    142
FIGURE 39    SNAPSHOT: PROCESS AUTOMATION AND INSTRUMENTATION
MARKET IN NORTH AMERICA    143
FIGURE 40    US TO LEAD NORTH AMERICAN PROCESS AUTOMATION AND INSTRUMENTATION MARKET THROUGHOUT FORECAST PERIOD    143
TABLE 80    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN
NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)    144
TABLE 81    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN
NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)    144
9.2.2    US    144
9.2.2.1    Increasing adoption of automation solutions in oil & gas, pharmaceuticals, and food & beverages industries drives
market growth in US    144

9.2.3    CANADA    145
9.2.3.1    Growing support offered by Canadian government to small-scale food processing industries to adopt advanced technologies such as machine learning and automation to boost market growth    145
9.2.4    MEXICO    145
9.2.4.1    Rising adoption of Industry 4.0 to provide growth opportunities for process automation and instrumentation market    145
9.3    EUROPE    146
9.3.1    IMPACT OF COVID-19 ON MARKET IN EUROPE    146
FIGURE 41    SNAPSHOT: PROCESS AUTOMATION AND INSTRUMENTATION
MARKET IN EUROPE    147
FIGURE 42    GERMANY TO HOLD LARGEST SHARE OF EUROPEAN PROCESS AUTOMATION AND INSTRUMENTATION MARKET DURING FORECAST PERIOD    147
TABLE 82    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN EUROPE,
BY COUNTRY, 2018–2021 (USD MILLION)    148
TABLE 83    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN EUROPE,
BY COUNTRY, 2022–2027 (USD MILLION)    148
9.3.2    GERMANY    148
9.3.2.1    Declining working-age population and stringent regulatory framework in Germany promote deployment of process automation solutions across process industries    148
9.3.3    UK    149
9.3.3.1    Increasing adoption of IoT across several industries to foster process automation and instrumentation market    149
9.3.4    FRANCE    149
9.3.4.1    Thriving chemical and food processing industries in France fuel demand for process automation and instrumentation solutions    149
9.3.5    REST OF EUROPE    150
9.4    ASIA PACIFIC    150
9.4.1    IMPACT OF COVID-19 ON MARKET IN ASIA PACIFIC    150
FIGURE 43    SNAPSHOT: PROCESS AUTOMATION AND INSTRUMENTATION
MARKET IN ASIA PACIFIC    151
FIGURE 44    CHINA TO ACCOUNT FOR LARGEST SHARE OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC DURING FORECAST PERIOD    151
TABLE 84    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)    152
TABLE 85    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)    152
9.4.2    CHINA    152
9.4.2.1    Growing demand for SCADA from water & wastewater treatment industry to foster market growth in China    152
9.4.3    JAPAN    153
9.4.3.1    Increasing labor shortage and labor wages to accelerate demand for automation solutions in Japan    153
9.4.4    INDIA    153
9.4.4.1    Supportive government initiatives to fuel adoption of automation solutions across process industries in India    153
9.4.5    REST OF ASIA PACIFIC    154
9.5    ROW    154
9.5.1    IMPACT OF COVID-19 ON MARKET IN ROW    154
FIGURE 45    MIDDLE EAST TO COMMAND PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ROW THROUGHOUT FORECAST PERIOD    154
TABLE 86    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ROW,
BY REGION, 2018–2021 (USD MILLION)    155
TABLE 87    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ROW,
BY REGION, 2022–2027 (USD MILLION)    155
9.5.2    MIDDLE EAST    155
9.5.2.1    Strong oil & gas industry in Middle East drives demand for
process automation solutions    155
TABLE 88    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION)    156
TABLE 89    PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION)    156
9.5.3    SOUTH AMERICA    156
9.5.3.1    High demand for automation in oil & gas industry to fuel market growth in South America    156
9.5.4    AFRICA    157
9.5.4.1    Increased use of automation in mining industry to streamline processes provides growth opportunities for process automation and instrumentation market    157
10    COMPETITIVE LANDSCAPE    158
10.1    INTRODUCTION    158
10.2    KEY PLAYER STRATEGIES/RIGHT TO WIN    158
TABLE 90    OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN
PROCESS AUTOMATION AND INSTRUMENTATION MARKET    158
10.3    TOP 5 COMPANY REVENUE ANALYSIS    160
FIGURE 46    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
REVENUE ANALYSIS OF TOP 5 PLAYERS, 2016–2020    160
10.4    MARKET SHARE ANALYSIS, 2021    161
TABLE 91    DCS MARKET: MARKET SHARE ANALYSIS (2021)    161
TABLE 92    MES MARKET: MARKET SHARE ANALYSIS (2021)    161
TABLE 93    SCADA MARKET: MARKET SHARE ANALYSIS (2021)    162
10.5    COMPANY EVALUATION QUADRANT, 2021    163
10.5.1    STAR    163
10.5.2    EMERGING LEADER    163
10.5.3    PERVASIVE    163
10.5.4    PARTICIPANT    163
FIGURE 47    SCADA MARKET: COMPANY EVALUATION QUADRANT, 2021    164
10.6    SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION QUADRANT, 2021    164
10.6.1    PROGRESSIVE COMPANY    164
10.6.2    RESPONSIVE COMPANY    164
10.6.3    DYNAMIC COMPANY    165
10.6.4    STARTING BLOCK    165
FIGURE 48    SCADA MARKET, SME EVALUATION QUADRANT, 2021    165
10.7    PROCESS AUTOMATION AND INSTRUMENTATION MARKET: COMPANY FOOTPRINT    166
TABLE 94    COMPANY FOOTPRINT    166
FIGURE 49    INDUSTRY: COMPANY FOOTPRINT    168
TABLE 95    REGIONAL: COMPANY FOOTPRINT    169
FIGURE 50    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
DETAILED LIST OF KEY STARTUPS/SMES    170
FIGURE 51    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES    170
10.8    COMPETITIVE SITUATIONS AND TRENDS    171
10.8.1    PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
PRODUCT LAUNCHES    171
10.8.2    PROCESS AUTOMATION AND INSTRUMENTATION MARKET: DEALS    175
11    COMPANY PROFILES    183
11.1    KEY PLAYERS    183
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1.1    ABB LTD.    183
TABLE 96    ABB LTD: BUSINESS OVERVIEW    183
FIGURE 52    ABB LTD: COMPANY SNAPSHOT    184
TABLE 97    ABB LTD: PRODUCT OFFERINGS    184
TABLE 98    ABB LTD: PRODUCT LAUNCHES    185
11.1.2    EMERSON ELECTRIC CO.    186
TABLE 99    EMERSON ELECTRIC CO.: BUSINESS OVERVIEW    186
FIGURE 53    EMERSON ELECTRIC CO.: COMPANY SNAPSHOT    187
TABLE 100    EMERSON ELECTRIC CO.: PRODUCT OFFERINGS    187
TABLE 101    EMERSON ELECTRIC CO.: PRODUCT LAUNCHES    188
TABLE 102    EMERSON ELECTRIC CO.: DEALS    189
11.1.3    SIEMENS    191
TABLE 103    SIEMENS: BUSINESS OVERVIEW    191
FIGURE 54    SIEMENS: COMPANY SNAPSHOT    192
TABLE 104    SIEMENS: PRODUCT OFFERINGS    193
TABLE 105    SIEMENS: PRODUCT LAUNCHES    193
TABLE 106    SIEMENS: DEALS    194
11.1.4    GENERAL ELECTRIC COMPANY    196
TABLE 107    GENERAL ELECTRIC COMPANY: BUSINESS OVERVIEW    196
FIGURE 55    GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT    197
TABLE 108    GENERAL ELECTRIC COMPANY: PRODUCT OFFERING    197
TABLE 109    GENERAL ELECTRIC COMPANY: PRODUCT LAUNCHES    198
TABLE 110    GENERAL ELECTRIC COMPANY: DEALS    199
11.1.5    SCHNEIDER ELECTRIC    201
TABLE 111    SCHNEIDER ELECTRIC: BUSINESS OVERVIEW    201
FIGURE 56    SCHNEIDER ELECTRIC: COMPANY SNAPSHOT    202
TABLE 112    SCHNEIDER ELECTRIC: PRODUCT OFFERING    202
TABLE 113    SCHNEIDER ELECTRIC: PRODUCT LAUNCHES    203
TABLE 114    SCHNEIDER ELECTRIC: DEALS    204
TABLE 115    SCHNEIDER ELECTRIC: OTHERS    204
11.1.6    HONEYWELL INTERNATIONAL INC.    206
TABLE 116    HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW    206
FIGURE 57    HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT    207
TABLE 117    HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS    207
TABLE 118    HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES    208
TABLE 119    HONEYWELL INTERNATIONAL INC.: DEALS    208
TABLE 120    HONEYWELL INTERNATIONAL INC.: OTHERS    209
11.1.7    ROCKWELL AUTOMATION, INC.    210
TABLE 121    ROCKWELL AUTOMATION, INC.: BUSINESS OVERVIEW    210
FIGURE 58    ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT    211
TABLE 122    ROCKWELL AUTOMATION, INC.: PRODUCT OFFERINGS    211
TABLE 123    ROCKWELL AUTOMATION, INC.: PRODUCT LAUNCHES    212
TABLE 124    ROCKWELL AUTOMATION INC.: DEALS    213
11.1.8    YOKOGAWA ELECTRIC CORPORATION    214
TABLE 125    YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW    214
FIGURE 59    YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT    215
TABLE 126    YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERING    216
TABLE 127    YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES    216
TABLE 128    YOKOGAWA ELECTRIC CORPORATION: DEALS    217
11.1.9    MITSUBISHI ELECTRIC CORPORATION    218
TABLE 129    MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW    218
FIGURE 60    MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT    219
TABLE 130    MITSUBISHI ELECTRIC CORPORATION: PRODUCT OFFERINGS    220
TABLE 131    MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES    220
TABLE 132    MITSUBISHI ELECTRIC CORPORATION: DEALS    221
11.1.10    ENDRESS+HAUSER GROUP SERVICES AG    222
TABLE 133    ENDRESS+HAUSER GROUP SERVICES AG: BUSINESS OVERVIEW    222
FIGURE 61    ENDRESS+HAUSER GROUP SERVICES AG: COMPANY SNAPSHOT    223
TABLE 134    ENDRESS+HAUSER GROUP SERVICES AG: PRODUCT OFFERINGS    223
TABLE 135    ENDRESS+HAUSER GROUP SERVICES AG: PRODUCT LAUNCHES    224
TABLE 136    ENDRESS+HAUSER GROUP SERVICES AG: DEALS    224
11.1.11    OMRON CORPORATION    225
TABLE 137    OMRON CORPORATION: BUSINESS OVERVIEW    225
FIGURE 62    OMRON CORPORATION: COMPANY SNAPSHOT    226
TABLE 138    OMRON CORPORATION: PRODUCT OFFERINGS    226
TABLE 139    OMRON CORPORATION: PRODUCT LAUNCHES    227
TABLE 140    OMRON CORPORATION: DEALS    227
11.1.12    THERMO FISHER SCIENTIFIC INC.    228
TABLE 141    THERMO FISCHER SCIENTIFIC INC.: BUSINESS OVERVIEW    228
FIGURE 63    THERMO FISCHER SCIENTIFIC INC.: COMPANY SNAPSHOT    229
TABLE 142    THERMO FISHER SCIENTIFIC INC.: PRODUCT OFFERINGS    229
TABLE 143    THERMO FISHER SCIENTIFIC INC.: PRODUCT LAUNCHES    230
TABLE 144    THERMO FISHER INC.: DEALS    230
11.1.13    FUJI ELECTRIC CO., LTD.    231
TABLE 145    FUJI ELECTRIC CO., LTD.: BUSINESS OVERVIEW    231
FIGURE 64    FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT    232
TABLE 146    FUJI ELECTRIC CO., LTD.: PRODUCT OFFERINGS    232
TABLE 147    FUJI ELECTRIC CO., LTD.: PRODUCT LAUNCHES    233
TABLE 148    FUJI ELECTRIC CO., LTD.: DEALS    233
11.1.14    HITACHI, LTD.    234
TABLE 149    HITACHI, LTD.: BUSINESS OVERVIEW    234
FIGURE 65    HITACHI, LTD.: COMPANY SNAPSHOT    235
TABLE 150    HITACHI, LTD.: PRODUCT OFFERINGS    235
TABLE 151    HITACHI, LTD.: PRODUCT LAUNCHES    236
TABLE 152    HITACHI, LTD.: DEALS    236
11.1.15    DELTA ELECTRONICS, INC.    237
TABLE 153    DELTA ELECTRONICS, INC.: BUSINESS OVERVIEW    237
FIGURE 66    DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT    238
TABLE 154    DELTA ELECTRONICS, INC.: PRODUCT OFFERINGS    238
TABLE 155    DELTA ELECTRONICS, INC.: PRODUCT LAUNCHES    239
TABLE 156    DELTA ELECTRONICS, INC.: DEALS    239
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
11.2    OTHER PLAYERS    240
11.2.1    HOLLYSYS    240
TABLE 157    HOLLYSYS: COMPANY OVERVIEW    240
11.2.2    WIKA ALEXANDER WIEGAND SE & CO. KG    241
TABLE 158    WIKA ALEXANDER WIEGAND SE & CO. KG: COMPANY OVERVIEW    241
11.2.3    AZBIL CORPORATION    242
TABLE 159    AZBIL CORPORATION: COMPANY OVERVIEW    242
11.2.4    XYLEM    243
TABLE 160    XYLEM: COMPANY OVERVIEW    243
11.2.5    HACH CORPORATION    244
TABLE 161    HACH CORPORATION: COMPANY OVERVIEW    244
11.2.6    SHIMADZU CORPORATION    245
TABLE 162    SHIMADZU CORPORATION: COMPANY OVERVIEW    245
11.2.7    HIMA PAUL HILDEBRANDT GMBH    246
TABLE 163    HIMA PAUL HILDEBRANDT GMBH: COMPANY OVERVIEW    246
11.2.8    AMETEK, INC.    247
TABLE 164    AMETEK, INC.: COMPANY OVERVIEW    247
11.2.9    CHRISTIAN BÜRKERT GMBH & CO. KG    248
TABLE 165    CHRISTIAN BÜRKERT GMBH & CO. KG: COMPANY OVERVIEW    248
11.2.10    KROHNE MESSTECHNIK GMBH    248
TABLE 166    KROHNE MESSTECHNIK GMBH: COMPANY OVERVIEW    248
11.2.11    DWYER INSTRUMENTS, INC.    249
TABLE 167    DWYER INSTRUMENTS, INC.: COMPANY OVERVIEW    249
11.2.12    ANDRITZ AG    250
TABLE 168    ANDRITZ AG: COMPANY OVERVIEW    250
11.2.13    VALMET    251
TABLE 169    VALMET: COMPANY OVERVIEW    251
11.2.14    SPRECHER AUTOMATION GMBH    251
TABLE 170    SPRECHER AUTOMATION GMBH: COMPANY OVERVIEW    251
11.2.15    INDUCTIVE AUTOMATION, LLC    252
TABLE 171    INDUCTIVE AUTOMATION, LLC: COMPANY OVERVIEW    252"
"12    ADJACENT & RELATED MARKETS    253
12.1    INTRODUCTION    253
12.2    LIMITATIONS    254
12.3    RFID MARKET    254
12.3.1    INTRODUCTION    254
FIGURE 67    RFID TAG MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR
DURING FORECAST PERIOD    254
TABLE 172    RFID TAG MARKET, BY REGION, 2017–2020 (USD BILLION)    255
TABLE 173    RFID TAG MARKET, BY REGION, 2021–2026 (USD BILLION)    255
12.3.2    AMERICAS    255
FIGURE 68    SNAPSHOT: RFID TAG MARKET IN AMERICAS    256
TABLE 174    AMERICAS: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    257
TABLE 175    AMERICAS: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    257
TABLE 176    AMERICAS: RFID TAG MARKET, BY COUNTRY/REGION,
2017–2020 (USD MILLION)    258
TABLE 177    AMERICAS: RFID TAG MARKET, BY COUNTRY/REGION,
2021–2026 (USD MILLION)    258
12.3.2.1    US    259
12.3.2.1.1    US accounted for largest share of RFID tag market in Americas in 2020    259
12.3.2.2    Canada    259
12.3.2.2.1    Healthcare sector to generate growth opportunities for
RFID solutions in Canada    259
12.3.2.3    Mexico    260
12.3.2.3.1    RFID market in Mexico is expected to witness
significant growth    260

12.3.2.4    Brazil    260
12.3.2.4.1    Brazil to emerge as key contributor to RFID
market in Americas    260
12.3.2.5    Rest of Americas    260
12.3.2.6    Impact of COVID-19 on Americas    261
12.3.2.6.1    High demand for RFID solutions in various service- and manufacturing-oriented industries during COVID-19 pandemic to boost market growth    261
FIGURE 69    AMERICAS: PRE- AND POST-COVID-19 MARKET SCENARIOS FOR RFID TAGS, 2017–2026 (USD BILLION)    261
TABLE 178    AMERICAS: PRE- AND POST-COVID-19 MARKET SCENARIOS FOR RFID TAGS, 2017–2026 (USD BILLION)    261
12.3.3    EUROPE, MIDDLE EAST, AND AFRICA (EMEA)    262
FIGURE 70    SNAPSHOT: RFID TAG MARKET IN EMEA    263
TABLE 179    EMEA: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    264
TABLE 180    EMEA: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    264
TABLE 181    EMEA: RFID TAG MARKET, BY COUNTRY/REGION,
2017–2020 (USD MILLION)    265
TABLE 182    EMEA: RFID TAG MARKET, BY COUNTRY/REGION,
2021–2026 (USD MILLION)    265
12.3.3.1    Germany    266
12.3.3.1.1    Germany to account for largest share of RFID tag
market in EMEA    266
12.3.3.2    UK    266
12.3.3.2.1    Increasing government regulations in UK would
boost RFID tag market    266
12.3.3.3    France    267
12.3.3.3.1    Aerospace is most prominent growth sector for
RFID market in France    267
12.3.3.4    Italy    267
12.3.3.4.1    Need for effective assets management would drive Italian RFID market    267
12.3.3.5    Russia    267
12.3.3.5.1    Energy, oil & gas, and aviation industries are expected to drive Russian RFID market    267
12.3.4    REST OF EMEA    268
12.3.4.1    Impact of COVID-19 on EMEA    268
12.3.4.1.1    Declining demand from automobiles and aerospace applications is expected to restrain growth of RFID tag market in EMEA    268
FIGURE 71    EMEA: PRE- AND POST-COVID-19 MARKET SCENARIOS FOR RFID TAGS, 2017–2026 (USD BILLION)    269
TABLE 183    EMEA: PRE- AND POST-COVID-19 MARKET SCENARIOS FOR RFID TAGS, 2017–2026 (USD BILLION)    269
12.3.5    ASIA PACIFIC (APAC)    270
FIGURE 72    SNAPSHOT: RFID TAG MARKET IN APAC    271
TABLE 184    APAC: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    272
TABLE 185    APAC: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    272
TABLE 186    APAC: RFID TAG MARKET, BY COUNTRY/REGION, 2017–2020 (USD MILLION)    273
TABLE 187    APAC: RFID TAG MARKET, BY COUNTRY/REGION, 2021–2026 (USD MILLION)    273
12.3.5.1    Japan    274
12.3.5.1.1    Healthcare sector to offer growth opportunities to
RFID market in Japan due to aging population    274
12.3.5.2    China    274
12.3.5.2.1    China to account for largest share of RFID market in
APAC during forecast period    274
12.3.5.3    South Korea    275
12.3.5.3.1    Electronics manufacturing industry to largely adopt
RFID solutions    275
12.3.5.4    India    275
12.3.5.4.1    Manufacturing and healthcare industries in India to drive growth of RFID market    275
12.3.5.5    Australia    275
12.3.5.5.1    Sports and entertainment industries providing growth avenues for RFID market in Australia    275
12.3.5.6    Rest of APAC    276
12.3.5.7    Impact of COVID-19 on APAC    276
12.3.5.7.1    Increasing demand for industrial automation, supply chain automation, and service industry automation in region could improve demand for RFID solutions    276
FIGURE 73    APAC: PRE- AND POST-COVID-19 SCENARIOS FOR RFID TAG MARKET,
2017–2026 (USD BILLION)    277
TABLE 188    APAC: PRE- AND POST-COVID-19 SCENARIOS FOR RFID TAG MARKET,
2017–2026 (USD BILLION)    277
13    APPENDIX    278
13.1    INSIGHTS OF INDUSTRY EXPERTS    278
13.2    DISCUSSION GUIDE    279
13.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    283
13.4    AVAILABLE CUSTOMIZATIONS    285
13.5    RELATED REPORTS    285
13.6    AUTHOR DETAILS    286"