Process Automation and Instrumentation Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, Canada, China, India, UK - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 187 SKU: IRTNTR74354

Process Automation and Instrumentation Market Forecast 2024-2028

The process automation and instrumentation market size is estimated to grow at a CAGR of 5.95% between 2023 and 2028. The market size is forecast to increase by USD 30.26 billion. The growth of the market depends on several factors such as simplification of manufacturing through automation, a shift toward lean manufacturing and the need for efficient use of resources and reduction of emissions. 

What will be the Size of the Market During the Forecast Period?

Market Forecast 2024-2028

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Market Dynamic

In today's business landscape, technological advancements drive rapid evolution across industries, influencing industry regulations and reshaping market competition dynamics. Moreover, economic factors play a pivotal role in shaping strategies and investment decisions amidst increasing market competition. Amidst these changes, organizations must navigate an ever-evolving innovation landscape, balancing the pursuit of growth with considerations for environmental sustainability. Achieving operational efficiency becomes paramount, enabling businesses to adapt to changing market conditions and maintain a competitive edge.

Market Driver- Shift toward lean manufacturing

Lean manufacturing is the methodology to reduce waste without sacrificing productivity in a manufacturing system. Both lean manufacturing and manufacturing automation share the same goals of removing low-value or non-value activities, reducing waste, and producing predictable quality. The high growth of demand-driven technologies in a discrete manufacturing environment enables operators to maintain records of multi-step production operations. This emphasizes replacing paper-based record maintenance, procedure manuals, and data sheets with electronic documents focusing on green production. Consequently, the need for advanced production optimization tools, such as MES, SCADA, PLCs, and DCS, is increasingly felt by manufacturers.

Moreover, as automation control systems facilitate operations on a real-time basis, they provide updated information to operators on the shop floor. This enables a more detailed recording of process data, conditions, and results; it also controls the manufacturing process, thereby reducing the defect rate. It supports the timely execution of production processes while responding and reporting on plant activities as they occur, thereby reducing and eliminating unnecessary activities. Hence, an increasing shift toward lean manufacturing is expected to drive the growth of the market during the forecast period.

Trends- Growing importance of big data analytics and IoT 

The process of generating patterns or trends by analyzing huge volumes of data is called big data analytics. This technology is not only confined to the IT industry but is also used in discrete industries like medical device manufacturing, automotive, semiconductor, and electronics industries. Automated systems like SCADA, MES, and DCS generate a lot of data, and the adoption of IoT in manufacturing has raised the total amount of data generated by a single factory. In the highly competitive Indian market, manufacturers must leverage their market presence by pairing their IoT and big data analytics with manufacturing processes and value chains to stay ahead of their competitors.

Moreover, the growing digitalization will help the market observe the rising adoption of IoT-enabled devices and big data analytics, which, in turn, will drive the growth of the global market during the forecast period.

Challenge - Cybersecurity threats

The process and discrete industries are migrating toward complete automation by using smart manufacturing technologies. Automated systems such as MES integrate other control systems like the SCADA network with enterprise resource planning (ERP) to increase productivity and minimize the risk of product failure. The adoption of IIoT and connected technologies has eased the operation process, but they have increased the risks of cybersecurity in operational processes. Industrial automation and instrumentation ease many tasks for manufacturers. However, they are prone to cyber threats. Hackers exploit confidential corporate information by attacking classified networks within organizations. The primary cyber threats in the discrete industry include operational downtime, manipulation in the product development procedure, and theft of sensitive information.

However, most of the common attacks entailed ransomware, and smart manufacturers are becoming the prime targets. In industries such as medical devices, consumer durables, and automotive industries, production processes are very sensitive; with the growing number of product patents and high volume of confidential data, it is becoming very difficult for discrete industrial operators to adopt automated devices and IoT due to the looming threat of cyber-attacks. Thus, increasing cyber security threats can become a major challenge for the growth of the market during the forecast period.

Market Segmentation by End-user, Type and Geography

In the realm of business, organizations operate within various industry verticals and across diverse geographic regions to cater to different application areas and end-user industries. Understanding the nuances of different market segments is essential for targeted strategies and effective engagement. Moreover, navigating regulatory compliance levels ensures adherence to standards and regulations across jurisdictions. Utilizing efficient distribution channels facilitates reaching target markets effectively and maximizing market penetration.

End-user Segment Analysis:

The market share growth of the oil and gas segment will be significant during the forecast period. The market is expected to witness significant expansion in the oil and gas segment as an end-user during the forecast period. Several factors, such as the rising need for energy, continued exploration efforts, and the industry's growing focus on operational effectiveness and safety, are to blame for this.  

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The oil and gas segment was the largest and was valued at USD 20.33 billion in 2018. Governments have a major influence on the development of this situation. For instance, the US Department of Energy makes investments in cutting-edge process automation technologies to improve the sustainability and efficiency of oil and gas operations. Similarly, the Vision 2030 plan of Saudi Arabia intends to encourage automation and digitization in the oil and gas industry while also diversifying the country's economy. Process automation and instrumentation solutions are predicted to become increasingly in demand in the oil and gas sector as a result of these initiatives and expanding global energy consumption. This is expected to increase the adoption of process automation and instrumentation solutions in the oil and gas end-user segment, which in turn will drive the growth of the market during the forecast period. 

Type Analysis 

Based on type, the market has been segmented into process automation and process instrumentation. The process automation segment will account for the largest share of this segment.?Process automation mechanizes production processes by incorporating field devices and controlling devices in plants. Automation solutions include DCS, SCADA, PLC, and MES, which help end-users optimize their business operations by effectively controlling production processes. The market in India is mainly driven by the business imperative to use resources efficiently, improve productivity, and optimize plant operations. Government regulations that seek to control carbon dioxide emissions by limiting power consumption and the need to minimize the wastage of raw materials are also expected to drive the market during the forecast period. 

Regional Analysis

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APAC is estimated to contribute 37% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. In APAC, it is expected that the market will witness growth during the forecast period as the region is investing constant efforts in the development of industries and improving the work efficiency of industries. The adoption of automation has been slow in the region due to factors such as the presence of cost-conscious industries that have limitations in terms of financial availability. The availability of low-cost industrial workers is the other major factor that has affected the adoption of process automation and instrumentation solutions in APAC. In addition, the intensity of the awareness of process automation and its implementation has been low when compared with other geographies.

Furthermore, certain process automation summits are being held in the region to facilitate and support the field of automation and the adoption of process automation in industries. Some governments like India are launching initiatives to promote Industry 4.0 in the region. Such initiatives increase awareness about Industry 4.0 in the Indian manufacturing industry through demonstration centers. Such factors, along with robotics integration and industrial sensors, are expected to drive the growth of the market in APAC during the forecast period, as indicated by market research and growth.

Market Analyst Overview

The Process Automation and Instrumentation market is at the forefront of industrial advancement, leveraging cutting-edge technologies such as Industrial Internet of Things (IIoT) and sensor technology to drive efficiency and productivity. With a focus on process control and optimization, companies deploy programmable logic controllers (PLCs), supervisory control and data acquisition (SCADA) systems, and advanced process analyzers to streamline operations.

Field instruments and control valves play a crucial role in monitoring and regulating processes, while instrumentation services ensure seamless integration and maintenance. The integration of robotics further enhances automation capabilities, leading to greater precision and reliability.

As the demand for enhanced efficiency grows, stakeholders closely monitor market trends and invest in process optimization solutions. With a wide array of measurement devices and data acquisition systems, the Process Automation and Instrumentation market continues to innovate, driving progress across industries.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd. - The company offers process automation solutions such as Control systems, Control Room Solutions, and Measurement Products.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ABB Ltd., Delta Electronics Inc., Emerson Electric Co., Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., KROHNE Messtechnik GmbH, Metso Outotec Corp., Mitsubishi Electric Corp., OMRON Corp., Pepperl and Fuchs SE, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, Siemens AG, Teledyne Technologies Inc., Titan Co. Ltd., and Yokogawa Electric Corp.

Technavio report provides an in-depth analysis of the market growth and forecasting and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market growth analysis report forecasts growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • End-user Outlook
    • Oil and gas
    • Chemical
    • Food and beverages
    • Energy and power
    • Others
  • Type Outlook
    • Process automation
    • Process instrumentation
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile 
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Process Automation And Instrumentation Market Scope

Report Coverage

Details

Page number

187

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.95%

Market Growth 2024-2028

USD 30.26 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.58

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key countries

US, Canada, China, India, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Delta Electronics Inc., Emerson Electric Co., Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., KROHNE Messtechnik GmbH, Metso Outotec Corp., Mitsubishi Electric Corp., OMRON Corp., Pepperl and Fuchs SE, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, Siemens AG, Teledyne Technologies Inc., Titan Co. Ltd., and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the process automation and instrumentation market report between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about market forecasting and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of process automation and instrumentation market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global process automation and instrumentation market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global process automation and instrumentation market 2018 - 2022 ($ billion)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Oil and gas - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Oil and gas - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Oil and gas - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Oil and gas - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Oil and gas - Year-over-year growth 2023-2028 (%)
    • 6.4 Chemical - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Chemical - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Chemical - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Chemical - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Chemical - Year-over-year growth 2023-2028 (%)
    • 6.5 Food and beverages - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Food and beverages - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Food and beverages - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
    • 6.6 Energy and power - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Energy and power - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Energy and power - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Energy and power - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Energy and power - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ billion)
      • Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Process automation - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Process automation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Process automation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Process automation - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Process automation - Year-over-year growth 2023-2028 (%)
    • 7.4 Process instrumentation - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Process instrumentation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Process instrumentation - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Process instrumentation - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Process instrumentation - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 123: ABB Ltd. - Overview
              • Exhibit 124: ABB Ltd. - Business segments
              • Exhibit 125: ABB Ltd. - Key offerings
              • Exhibit 126: ABB Ltd. - Segment focus
            • 12.4 Delta Electronics Inc.
              • Exhibit 127: Delta Electronics Inc. - Overview
              • Exhibit 128: Delta Electronics Inc. - Business segments
              • Exhibit 129: Delta Electronics Inc. - Key offerings
              • Exhibit 130: Delta Electronics Inc. - Segment focus
            • 12.5 Emerson Electric Co.
              • Exhibit 131: Emerson Electric Co. - Overview
              • Exhibit 132: Emerson Electric Co. - Business segments
              • Exhibit 133: Emerson Electric Co. - Key news
              • Exhibit 134: Emerson Electric Co. - Key offerings
              • Exhibit 135: Emerson Electric Co. - Segment focus
            • 12.6 Endress Hauser Group Services AG
              • Exhibit 136: Endress Hauser Group Services AG - Overview
              • Exhibit 137: Endress Hauser Group Services AG - Product / Service
              • Exhibit 138: Endress Hauser Group Services AG - Key news
              • Exhibit 139: Endress Hauser Group Services AG - Key offerings
            • 12.7 Fuji Electric Co. Ltd.
              • Exhibit 140: Fuji Electric Co. Ltd. - Overview
              • Exhibit 141: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 142: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 143: Fuji Electric Co. Ltd. - Segment focus
            • 12.8 General Electric Co.
              • Exhibit 144: General Electric Co. - Overview
              • Exhibit 145: General Electric Co. - Business segments
              • Exhibit 146: General Electric Co. - Key news
              • Exhibit 147: General Electric Co. - Key offerings
              • Exhibit 148: General Electric Co. - Segment focus
            • 12.9 Hitachi Ltd.
              • Exhibit 149: Hitachi Ltd. - Overview
              • Exhibit 150: Hitachi Ltd. - Business segments
              • Exhibit 151: Hitachi Ltd. - Key news
              • Exhibit 152: Hitachi Ltd. - Key offerings
              • Exhibit 153: Hitachi Ltd. - Segment focus
            • 12.10 Honeywell International Inc.
              • Exhibit 154: Honeywell International Inc. - Overview
              • Exhibit 155: Honeywell International Inc. - Business segments
              • Exhibit 156: Honeywell International Inc. - Key news
              • Exhibit 157: Honeywell International Inc. - Key offerings
              • Exhibit 158: Honeywell International Inc. - Segment focus
            • 12.11 Metso Outotec Corp.
              • Exhibit 159: Metso Outotec Corp. - Overview
              • Exhibit 160: Metso Outotec Corp. - Business segments
              • Exhibit 161: Metso Outotec Corp. - Key offerings
              • Exhibit 162: Metso Outotec Corp. - Segment focus
            • 12.12 Mitsubishi Electric Corp.
              • Exhibit 163: Mitsubishi Electric Corp. - Overview
              • Exhibit 164: Mitsubishi Electric Corp. - Business segments
              • Exhibit 165: Mitsubishi Electric Corp. - Key news
              • Exhibit 166: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 167: Mitsubishi Electric Corp. - Segment focus
            • 12.13 OMRON Corp.
              • Exhibit 168: OMRON Corp. - Overview
              • Exhibit 169: OMRON Corp. - Business segments
              • Exhibit 170: OMRON Corp. - Key news
              • Exhibit 171: OMRON Corp. - Key offerings
              • Exhibit 172: OMRON Corp. - Segment focus
            • 12.14 Pepperl and Fuchs SE
              • Exhibit 173: Pepperl and Fuchs SE - Overview
              • Exhibit 174: Pepperl and Fuchs SE - Product / Service
              • Exhibit 175: Pepperl and Fuchs SE - Key offerings
            • 12.15 Rockwell Automation Inc.
              • Exhibit 176: Rockwell Automation Inc. - Overview
              • Exhibit 177: Rockwell Automation Inc. - Business segments
              • Exhibit 178: Rockwell Automation Inc. - Key news
              • Exhibit 179: Rockwell Automation Inc. - Key offerings
              • Exhibit 180: Rockwell Automation Inc. - Segment focus
            • 12.16 Schneider Electric SE
              • Exhibit 181: Schneider Electric SE - Overview
              • Exhibit 182: Schneider Electric SE - Business segments
              • Exhibit 183: Schneider Electric SE - Key news
              • Exhibit 184: Schneider Electric SE - Key offerings
              • Exhibit 185: Schneider Electric SE - Segment focus
            • 12.17 Siemens AG
              • Exhibit 186: Siemens AG - Overview
              • Exhibit 187: Siemens AG - Business segments
              • Exhibit 188: Siemens AG - Key news
              • Exhibit 189: Siemens AG - Key offerings
              • Exhibit 190: Siemens AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 191: Inclusions checklist
                • Exhibit 192: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 193: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 194: Research methodology
                • Exhibit 195: Validation techniques employed for market sizing
                • Exhibit 196: Information sources
              • 13.5 List of abbreviations
                • Exhibit 197: List of abbreviations

              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.

              INFORMATION 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

              DATA 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

              REPORT 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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