Global Automation Market in the Chemicals and Petrochemicals Industry 2016-2020

  • Published: Dec 2015
  • Pages: 52
  • SKU: IRTNTR8227
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This market research report includes a detailed segmentation of the global automation market in the chemicals and petrochemical industry by product types (DCS, SCADA, PLC, MES, and APC). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors analyzed in this report are ABB, Emerson Electric, Honeywell, Siemens, and Yokogawa Electric.

Outlook of the global automation market in the chemicals and petrochemicals industry

Technavio’s market research analyst predicts the global automation market in the chemicals and petrochemicals market to grow at a CAGR of more than 7% by 2020. The recent rise in capital and R&D investments for automation solutions is a critical factor that propels growth in this market. Also, rapid industrial development in emerging economies like China, India, and Brazil will bolster the need for automation products and services across various industries.

The growing use of cloud computing and big data analytics in the chemicals and petrochemicals industry will impel market growth during the forecast period. The implementation of cloud computing and big data analytics in this industry will help manufacturers to expand their data storage facilities, boost operational flexibility, and enhance scalability during the manufacturing process. The ability of cloud-based and big data analytics to promote product lifecycle management and to help improve supply chain management will result in its augmented adoption during the predicted period.

Product segmentation and analysis of the automation market in the chemicals and petrochemicals industry

  • Distributed control system (DCS)
  • Supervisory control and data acquisition (SCADA)
  • Manufacturing execution system (MES)
  • Programmable logic controller (PLC)
  • Advanced process control (APC)

The DCS segment currently accounts for approximately 33% of the total market share and is anticipated to witness a modest growth rate of more than 3% by 2020. The recent increase in the domestic shale gas production in the US will motivate petrochemical manufacturers to either expand their existing production capacities or build new facilities. This, in turn, will create a demand for automation solutions to ensure high productivity, flexibility, scalability, and safety during operations.

Geographical segmentation of the automation market in the chemicals and petrochemicals industry

  • Americas
  • APAC
  • EMEA

In this market study, analysts have estimated the APAC region to lead the market in terms of implementation of automation solutions in the chemicals and petrochemicals industry by 2020. The advent of new state-owned chemicals and petrochemicals industries will drive heavy investments in APAC. Additionally, the growth of manufacturing industries like automotive, pulp, oil and gas, and construction will spur the demand for chemicals and petrochemicals, which in turn will necessitate the implementation of automation solutions during the forecast period.

Competitive landscape and key vendors

This market is competitive and is primarily dominated by vendors like Honeywell and ABB. The local and regional providers in this market provide highly customized solutions with high integration capabilities at lesser prices. Since this market is highly competitive, the vendors compete on the basis of product feature, functionality, and services to gain maximum market traction during the forecast period.

Leading vendors in the market are -

  • ABB
  • Emerson Electric
  • Honeywell
  • Siemens
  • Yokogawa Electric

Other prominent vendors in the market include General Electric, Metso, Mitsubishi Heavy Industry, Omron, Rockwell Automation, Schneider Electric, and Toshiba International.  

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global automation market in chemicals and petrochemical industry?
  • What are the key market trends impacting the growth of the automation market in chemicals and petrochemical industry?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global automation market in chemicals and petrochemical industry?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the automation market in chemicals and petrochemical industry?

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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