Free Submission Public Relations &
Deutsch English

Process Automation Market & Instrumentation Market: Analysis and Forecast 2013-2018

Global process automation market: $124.3 billion industry by 2018

Print article Print article
2014-01-29 03:41:04 - Process Automation Market & Instrumentation Market: Analysis and Forecast 2013-2018 - a new market research report on

Revenue in the global process automation market is estimated to have reached a value of around $86.07 billion by the end of 2012, and is forecast to grow to a total of $124.29 billion by 2018. This suggests a CAGR growth rate of around 6.05% between 2013 and 2018. Also, the instrumentation market is expected to grow from $26.50 billion in 2012, to $36.71 billion in 2018, with a CAGR of 5.07%.

The process automation is a procedural scaling of various technologies like SCADA, PLC, DCS, and MES, which includes field instruments and Enterprise Resource Planning (ERP) technology, among others. These solutions optimize the productivity and efficiency at the various stages of production, under various verticals like wastewater treatment, pharmaceutical, oil



& gas extraction, and petrochemicals, among others.

The various challenges of the service market are shortage of technically- skilled workforce, rise in the cyber-attacks hampering the plant accountability, and over dependence of the end-users on the third party vendors; all of which, are the factors resulting in the dilution of the overall quality of the offered service. On the other hand, the drivers in the service industry include increased need of operational excellence, surge in the Greenfield investments, revised and stricter environment-friendly compliance, increased demand for migration services, and safety and environment-concerned regulations.

The major driving factors for the process automation market, which are expected to pay rich dividends in the coming years include the need for energy efficiency, government incentive schemes for the manufacturing industry, and the upsurge in the labour charges.

The need for the process automation has fundamentally arisen from- the urge for high productivity, less down time, improved product quality, lesser energy cost, enhanced safety and many other factors. The major manufacturing industries like drug and pharmaceutical, food, tobacco and beverages, and the likes fall under the credentials of Good Manufacturing Practices (GMP), which are deemed to ingrain the guidelines for the automation processes. Process automation promotes energy efficient solutions, which are leading to sustainable manufacturing.

Click for report details: ..

Browse all Industrial Market Research Reports ..

Browse all Industrial Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Mike King
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News


Terms & Conditions | Privacy | About us | Contact