The Asia Pacific Process Automation & Instrumentation Market would witness market growth of 3.3% CAGR during the forecast period (2020-2026).
The implementation of automation instrumentation in various industries such as chemicals, oil and gas, and petrochemicals to increase their operating performance, is expected to drive the demand for automation instruments. The increasing requirement for automation instrumentation to improve engine piston deployment performance, remove product faults, and retrofit control systems to established infrastructures, is driving the market for automation insemination.
Automation instrumentation is used for items connected to automation and control systems that involve programmable logic controls, human-machine interfaces, remote control systems, manufacturing equipment, and process management. The need for a solution relevant to the design of automation instruments and the convergence of disparate systems for operation, manufacturing and building automation applications is expanding the need for automation instrumentation.
Nonetheless, lack of successful product differentiation can restrict the growth of the market for automation instruments. Due to the low product distinction, which serves as one of the significant obstacles for prominent players on the automation instrumentation sector, the industry participants face competition from local and regional players. In addition, the heavy initial investment of the automation system directly affects the demand for the adoption of automation instrumentation.
Based on Instrument, the market is segmented into Field Instrument, Control Valve and Analytical Instrument. Based on Solution, the market is segmented into Distributed & Advanced Control System, PLC & SCADA, Functional Safety, Human Machine Interface and Others. Based on End User, the market is segmented into Chemical, Energy & Power, Oil & Gas, Food & Beverages, Pharmaceuticals, Metals & Mining and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include 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, and HollySys Automation Technologies Ltd.
Scope of the Study
- Field Instrument
- Control Valve
- Analytical Instrument
- Distributed & Advanced Control System
- PLC & SCADA
- Functional Safety
- Human Machine Interface
By End User
- Energy & Power
- Oil & Gas
- Food & Beverages
- Metals & Mining
- South Korea
- Rest of Asia Pacific
- 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.
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