Below are some of the key findings from the market analysis for industrial automation in chemical and petrochemical industry
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global industrial automation market in chemical and petrochemical industry overview
The application of advanced automation control systems is one of the critical reasons that will drive the industrial automation market in chemical and petrochemical industry. There is an increase in the need for fast and accurate systems in the process and discrete industries. This is resulting in the emergence of technologically advanced automation control systems. These systems have features such as faster processors and increased memory capacity. They are extensively used to perform complex production processes carried out in the chemical and petrochemical industry. Also, issues such as space limitation and process complexity with conventional PLCs can be overcome with the help of customized PLCs for small, medium, and large machines used in this industry.
The rising adoption of main automation contractors (MACs) as a one step-solution for more complex process requirements of end-users in the chemical and petrochemical industry enables a smooth deployment of automation control systems. This will drive the industrial automation market in the chemical and petrochemical industry to grow at a CAGR of almost 8% during the forecast period. MAC help industries to avoid different automation control vendors and prevent poor automation plans. It makes a quick assessment of the requirements of end-users, evaluates initial process requirements, generates a detailed analysis, and enables the procurement of various automation solution products by formulating front-end design and engineering.
Top industrial automation market in chemical and petrochemical industry companies covered in this market research report
The industrial automation market in chemical and petrochemical industry is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this industry analysis report for industrial automation in chemical and petrochemical industry will help clients identify new growth opportunities and design innovative strategies to improve their share in the market.
The report offers a complete analysis of various companies including:
- ABB
- Honeywell International Inc.
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens
- Yokogawa Electric Corporation
Segmentation of the industrial automation market in chemical and petrochemical industry based on geographic regions
- APAC
- Europe
- MEA
- North America
- South America
APAC will hold the highest market share of this market throughout the forecast period. The establishment of manufacturing facilities by several multinational and petrochemical companies is one of the major reasons for the high growth of the industrial automation market in chemical and petrochemical industry in this region.
Segmentation of the industrial automation market in chemical and petrochemical industry based on end-users
- DCS
- SCADA
- MES
- PLC
- APC
The DCS segment will account for the highest share of the industrial automation market in chemical and petrochemical industry due to the growing adoption of DCS in chemical and petrochemical plants. This is due to their ability to control and monitor process variables such as temperature, pressure, and flow rate through the production process.
Key highlights of the global industrial automation market in chemical and petrochemical industry for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the industrial automation market in chemical and petrochemical industry during the next five years
- Precise estimation of the global market size for industrial automation in chemical and petrochemical industry and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial automation market in chemical and petrochemical industry across various geographies such as APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of industrial automation companies in chemical and petrochemical industries
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