Process Instrumentation Market by End-user and Geography - Forecast and Analysis 2020-2024
- Published: Aug 2020
- Pages: 120
- SKU: IRTNTR44009
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The process instrumentation market size has the potential to grow by USD 2.18 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (oil and gas, power, metals and mining, chemicals, and others) and geography (Europe, APAC, North America, MEA, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including ABB Ltd., Danfoss AS, Eaton Corporation Plc , Emerson Electric Co., Fuji Electric Co. Ltd., General Electric Co., Honeywell International Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Process Instrumentation Market
Market Competitive Analysis
The market is fragmented. ABB Ltd., Danfoss AS, Eaton Corporation Plc , Emerson Electric Co., Fuji Electric Co. Ltd., General Electric Co., Honeywell International Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. are some of the major market participants. Factors such as the increasing demand for field instruments, the need for efficient use of resources and reduction of emissions, and the enhancing safety in oil and gas storage and transportation will offer immense growth opportunities. However, the rapid spread of COVID 19 resulting in the suspension of industrial activities, faulty instruments lead to safety issues, and dependence of the market on global economic, political, and regulatory conditions may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this process instrumentation market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this process instrumentation market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- ABB Ltd.
- Danfoss AS
- Eaton Corporation PlcÂ
- Emerson Electric Co.
- Fuji Electric Co. Ltd.
- General Electric Co.
- Honeywell International Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp.
Process Instrumentation Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The expansion of the manufacturing base in APAC will significantly influence process instrumentation market growth in this region.
36% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for process instrumentation in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the process instrumentation market size.
Process Instrumentation Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will process instrumentation market growth during the next five years
- Precise estimation of the process instrumentation market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the process instrumentation industry across Europe, APAC, North America, MEA, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of process instrumentation market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by end-user
- Oil and gas - Market size and forecast 2019-2024
- Power - Market size and forecast 2019-2024
- Metals and mining - Market size and forecast 2019-2024
- Chemicals - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by end-user
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Danfoss AS
- Eaton Corporation Plc
- Emerson Electric Co.
- Fuji Electric Co. Ltd.
- General Electric Co.
- Honeywell International Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- 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
Frequently Asked Questions?
- US
- China
- Germany
- Japan
- UK
- South Korea (Republic of Korea)
- Increasing demand for field instruments
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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