Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analyzer), Solution (APC, DCS, HMI, MES, PLC, Safety Automation, SCADA), End-User Industry, and Geography - Global Forecast to 2023

 Published On: Jul, 2017 |    No of Pages: 191 |  Published By: MarketsandMarkets | Format: PDF
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Process automation & instrumentation market to exhibit significant growth between 2017 and 2023

The process automation & instrumentation market is expected to be valued at USD 62.64 billion in 2017 and is likely to grow at a CAGR of 6.0% to reach USD 88.92 billion by 2023. The market growth can be attributed to the rising emphasis on regulatory compliance in process industries, increasing adoption of IoT across various industries, shift in production approach from conventional practices to digitalized methods, growing labour wages in major manufacturing hubs, and rising demand for proactive solutions that can determine failures at component level, among others.

Market for control valves to grow at the highest rate between 2017 and 2023

Control valves are the most commonly used control elements in process control systems. These are being devised to enable the flow of a fluid through a pipe based on the commands received from loop controllers such as a programmable logic controller (PLC). The burgeoning population worldwide is leading to an increase in the demand for energy, resulting in the rise of investments in the energy sector. In addition, the rising demand for clean portable water, along with safe and efficient waste collection and waste disposal facilities, is anticipated to augment the growth of the market for control valves in the coming years.

Market for manufacturing execution system to grow at the highest rate during the forecast period

The process automation and instrumentation market for manufacturing execution systems is anticipated to grow at the highest rate between 2017and 2022. MES is capable of performing multiple activities and provides efficiency by checking quality, as well as production optimization. It tracks prosecution processes with the help of process automation and helps plants maintain a proper track from the initial phase of raw materials to the end phase of distribution of products to end users. It is easier to gather data when the processes are executed using industrial automation as the control and technology systems are connected to MES and have a shared database. However, it is difficult to track the data collected manually as it requires manual addition of data in the system, which may lead to human errors. Due to this, MES is actively being adopted by process industries worldwide.

Energy & power industry to outpace the process automation & instrumentation market by 2023

The energy & power industry is projected to outpace the process automation & instrumentation market by 2023. The rising necessity to reduce unplanned downtime, improve plant efficiency, optimize operations, increase cost savings, and lower emissions is expected to propel the demand for process automation and instrumentation solutions in the energy & power industry.

Asia Pacific to be the fastest-growing market for process automation & instrumentations during the forecast period

The investments in energy infrastructure are rising in APAC due to the increase in the demand for electricity and policy makers’ push for better power reliability and home-grown industries. Also, the process automation and instrumentation market for the pharmaceuticals industry in this region is growing due to low-cost factors, changing regulatory environment, and significant development in the field of contract manufacturing. Owing to these factors, Asia Pacific is likely to be the fastest-growing market for process automation & instrumentation between 2017 and 2023.

Breakdown of the profiles of the primary participants in the report has been given below:
• By Company Type: Tier 1 – 37%, Tier 2 – 33%, and Tier 3 – 30%
• By Designation: C–Level Executives – 71% and Directors – 29%
• By Region: North America – 32%, Europe – 28%, APAC – 26%, and RoW – 14%

Some of the key players operating in the process automation & instrumentation market include ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International, Inc. (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), and Metso Corporation (Finland).

Research Coverage:

The process automation & instrumentation market research report covers different segments—type, instrument, solution, end-user industry, and geography. The market has been further segmented on the basis of instrument into (1) field instrument –pressure, temperature, level, and humidity; (2) control valve – valve body, actuator, and others; (3) analyzer –pH analyzer, conductivity analyzer, gas chromatograph, and liquid chromatograph. The report covers four major regions — North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:

• Illustrative segmentation; analysis; and forecast of the market by type, instrument, solution, end-user industry, and geography give an overall view of the process automation & instrumentation market
• Value chain analysis to provide in-depth insights into the process automation & instrumentation market
• Major drivers, restraints, opportunities, and challenges for the process automation & instrumentation market
• Detailed competitive landscape, along with the key players, in-depth analysis, and revenue of the key players
TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.2 VALUE CHAIN ANALYSIS – INDUSTRIAL AUTOMATION 21
2.2.1 SECONDARY AND PRIMARY RESEARCH 22
2.2.1.1 Key industry insights 23
2.2.2 SECONDARY DATA 24
2.2.2.1 List of major secondary sources 24
2.2.2.2 Key data from secondary sources 24
2.2.3 PRIMARY DATA 25
2.2.3.1 Primary interviews with experts 25
2.2.3.2 Breakdown of primary interviews 25
2.2.3.3 Key data points from primary sources 26
2.3 MARKET SIZE ESTIMATION 26
2.3.1 BOTTOM-UP APPROACH 27
2.3.1.1 Approach for capturing the market share by bottom-up analysis (demand side) 27
2.3.2 TOP-DOWN APPROACH 28
2.3.2.1 Approach for capturing the market share by top-down analysis (supply side) 28
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 30
2.5 RESEARCH ASSUMPTIONS 31

3 EXECUTIVE SUMMARY 32

4 PREMIUM INSIGHTS 37
4.1 PROCESS AUTOMATION & INSTRUMENTATION MARKET, 2017–2023 (USD BILLION) 37
4.2 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INSTRUMENT (2017–2023) 37
4.3 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION (2017–2023) 38
4.4 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY END-USER INDUSTRY AND GEOGRAPHY (2017–2023) 38
4.5 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY GEOGRAPHY (2017–2023) 39

5 MARKET OVERVIEW 40
5.1 INTRODUCTION 41
5.2 MARKET DYNAMICS 41
5.2.1 DRIVERS 42
5.2.1.1 Rising adoption of IoT across various industries 42
5.2.1.2 Growing emphasis on regulatory compliances in process industries 43
5.2.1.3 Increasing focus to improve production efficiency and optimize operating costs 43
5.2.1.4 Growing demand for proactive solutions that determine failures at component level 44
5.2.1.5 Shift in production approach from conventional practices to digitalized methods 44
5.2.1.6 Increasing labor wages in major manufacturing hubs 44
5.2.2 RESTRAINTS 45
5.2.2.1 Significant start-up capital required for implementation and maintenance of process automation and instrumentation systems 45
5.2.2.2 Reluctance of small and medium-sized enterprises (SME) to adopt process automation and instrumentation solutions 45
5.2.3 OPPORTUNITIES 45
5.2.3.1 Fourth industrial revolution (Industry 4.0) 45
5.2.3.2 Growing emphasis on robust IT infrastructure 46
5.2.4 CHALLENGES 46
5.2.4.1 Increasing digitization raising security concerns 46

6 INDUSTRY TRENDS 47
6.1 INTRODUCTION 47
6.2 VALUE CHAIN ANALYSIS 48

7 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY TYPE 49
7.1 INTRODUCTION 50
7.2 PROCESS AUTOMATION 52
7.3 PROCESS INSTRUMENTATION 53

8 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INSTRUMENT 56
8.1 INTRODUCTION 57
8.2 FIELD INSTRUMENT 58
8.2.1 PRESSURE 61
8.2.2 TEMPERATURE 64
8.2.3 LEVEL 65
8.2.4 HUMIDITY 67
8.3 CONTROL VALVE 68
8.3.1 VALVE BODY 71
8.3.2 ACTUATOR 71
8.3.3 OTHERS 72
8.3.3.1 Positioner 72
8.3.3.2 Converter I/P 72
8.4 ANALYZER 72
8.4.1 PH ANALYZER 75
8.4.2 CONDUCTIVITY ANALYZER 75
8.4.3 GAS CHROMATOGRAPH 75
8.4.4 LIQUID CHROMATOGRAPH 75

9 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY COMMUNICATION PROTOCOL 76
9.1 INTRODUCTION 76
9.2 WIRED COMMUNICATION PROTOCOL 77
9.3 WIRELESS COMMUNICATION PROTOCOL 78

10 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION 80
10.1 INTRODUCTION 81
10.2 PROGRAMMABLE LOGIC CONTROLLER (PLC) 83
10.3 DISTRIBUTED CONTROL SYSTEM (DCS) 85
10.4 SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) 86
10.5 HUMAN MACHINE INTERFACE (HMI) 88
10.6 SAFETY AUTOMATION 90
10.6.1 EMERGENCY SHUTDOWN SYSTEM (ESD) 93
10.6.2 FIRE AND GAS MONITORING & CONTROL 94
10.6.3 HIGH INTEGRITY PRESSURE PROTECTION SYSTEM (HIPPS) 95
10.6.4 BURNER MANAGEMENT SYSTEM (BMS) 96
10.6.5 TURBOMACHINERY CONTROL (TMC) 97
10.7 ADVANCED PROCESS CONTROL (APC) 98
10.8 MANUFACTURING EXECUTION SYSTEM (MES) 99

11 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY END-USER INDUSTRY 102
11.1 INTRODUCTION 103
11.2 CHEMICALS 105
11.3 ENERGY & POWER 106
11.4 FOOD & BEVERAGES 107
11.5 METALS & MINING 108
11.6 OIL & GAS 109
11.7 PHARMACEUTICALS 110
11.8 PULP & PAPER 111
11.9 WATER & WASTEWATER 112
11.10 OTHERS 113

12 GEOGRAPHIC ANALYSIS 114
12.1 INTRODUCTION 115
12.2 NORTH AMERICA 117
12.2.1 US 120
12.2.2 CANADA 120
12.2.3 MEXICO 121
12.3 EUROPE 121
12.3.1 GERMANY 124
12.3.2 UK 125
12.3.3 FRANCE 125
12.3.4 REST OF EUROPE 125
12.4 APAC 126
12.4.1 CHINA 127
12.4.2 JAPAN 128
12.4.3 INDIA 128
12.4.4 REST OF APAC 128
12.5 ROW 129
12.5.1 MIDDLE EAST 131
12.5.2 SOUTH AMERICA 131
12.5.3 AFRICA 131

13 COMPETITIVE LANDSCAPE 132
13.1 INTRODUCTION 132
13.2 COMPETITIVE ANALYSIS 133
13.2.1 RANKING ANALYSIS OF THE PLAYERS IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET, 2016 133
13.3 PROCESS AUTOMATION AND INSTRUMENTATION MARKET: COMPETITIVE LEADERSHIP MAPPING, 2017 134
13.3.1 VISIONARY LEADERS 134
13.3.2 DYNAMIC DIFFERENTIATORS 134
13.3.3 INNOVATORS 135
13.3.4 EMERGING COMPANIES 135
13.3.5 STRENGTH OF PRODUCT PORTFOLIO 136
13.3.6 BUSINESS STRATEGY EXCELLENCE 137
*Top 25 companies analyzed for this study are -ABB Ltd., Beckhoff Automation GmbH & Co., KG, Carlo Gavazzi, Delta Electronics, Inc., Emerson Electric Co., Endress+Hauser, General Electric Co., Hollysys Automation Technologies Ltd., Honeywell International, Inc., IDEC Corporation, Inductive Automation, INTECH Process Automation Inc., Maple Systems, INC., Metso Corporation, Mitsubishi Electric Corporation, Pepperl+Fuchs GmbH, Process Automation Solutions GmbH, R. Stahl AG, Robert Bosch, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Turck, Inc., WAGO Corporation, Yokogawa Electric Corporation
13.4 COMPETITIVE SITUATION AND TRENDS 138
13.4.1 PRODUCT LAUNCHES/DEVELOPMENTS 139
13.4.2 PARTNERSHIPS, AGREEMENTS, CONTRACTS, COLLABORATIONS, JOINT VENTURES, AND ACQUISITIONS 140
13.4.3 EXPANSIONS 141

14 COMPANY PROFILES 142 (Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships)*
14.1 INTRODUCTION 142
14.2 ABB LTD. 143
14.3 EMERSON ELECTRIC CO. 147
14.4 HONEYWELL INTERNATIONAL INC. 151
14.5 SIEMENS AG 155
14.6 ROCKWELL AUTOMATION, INC. 158
14.7 GENERAL ELECTRIC CO. 161
14.8 METSO CORPORATION 165
14.9 MITSUBISHI ELECTRIC CORPORATION 168
14.10 SCHNEIDER ELECTRIC SE 171
14.11 YOKOGAWA ELECTRIC CORPORATION 175
14.12 KEY INNOVATORS 178
14.12.1 BECKHOFF AUTOMATION GMBH & CO., KG 178
14.12.2 HOLLYSYS AUTOMATION TECHNOLOGIES LTD. 178
14.12.3 INTECH PROCESS AUTOMATION INC. 179

*Details on Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships might not be captured in case of unlisted companies.

15 APPENDIX 180
15.1 INSIGHTS OF INDUSTRY EXPERTS 180
15.2 DISCUSSION GUIDE 181
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 184
15.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 186
15.5 AVAILABLE CUSTOMIZATIONS 188
15.6 RELATED REPORTS 188
15.7 AUTHOR DETAILS 189

LIST OF TABLES

TABLE 1 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE, 2014–2023 (USD BILLION) 50
TABLE 2 MARKET FOR PROCESS AUTOMATION, BY END-USER INDUSTRY, 2014–2023 (USD BILLION) 52
TABLE 3 MARKET FOR PROCESS AUTOMATION, BY GEOGRAPHY, 2014–2023 (USD BILLION) 53
TABLE 4 MARKET FOR PROCESS INSTRUMENTATION, BY END-USER INDUSTRY, 2014–2023 (USD BILLION) 54
TABLE 5 PROCESS INSTRUMENTATION MARKET, BY GEOGRAPHY, 2014–2023 (USD BILLION) 55
TABLE 6 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INSTRUMENT, 2014–2023 (USD BILLION) 57
TABLE 7 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY FIELD INSTRUMENT, 2014–2023 (USD MILLION) 59
TABLE 8 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR FIELD INSTRUMENT, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 60
TABLE 9 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR FIELD INSTRUMENT, BY REGION, 2014–2023 (USD MILLION) 61
TABLE 10 MARKET FOR PRESSURE TRANSMITTERS, BY FLUID MEASURED, 2014–2023 (USD MILLION) 62
TABLE 11 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 63
TABLE 12 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY REGION, 2014–2023 (USD MILLION) 63
TABLE 13 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 64
TABLE 14 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY REGION, 2014–2023 (USD MILLION) 65
TABLE 15 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 66
TABLE 16 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY REGION, 2014–2023 (USD MILLION) 66
TABLE 17 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HUMIDITY TRANSMITTER, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 67
TABLE 18 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HUMIDITY TRANSMITTERS, BY REGION, 2014–2023 (USD MILLION) 68
TABLE 19 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY CONTROL VALVE, 2014–2023 (USD MILLION) 69
TABLE 20 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR CONTROL VALVES, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 70
TABLE 21 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR CONTROL VALVES, BY REGION, 2014–2023 (USD MILLION) 70
TABLE 22 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY ANALYZER, 2014–2023 (USD BILLION) 73
TABLE 23 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR ANALYZERS, BY END-USER INDUSTRY, 2014–2023 (USD BILLION) 74
TABLE 24 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR ANALYZERS, BY REGION, 2014–2023 (USD BILLION) 74
TABLE 25 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION, 2014–2023 (USD BILLION) 81
TABLE 26 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PLC, BY END-USER INDUSTRY, 2014–2023 (USD BILLION) 84
TABLE 27 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PLC, BY REGION, 2014–2023 (USD BILLION) 84
TABLE 28 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR DCS, BY END-USER INDUSTRY, 2014–2023 (USD BILLION) 85
TABLE 29 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR DCS, BY REGION, 2014–2023 (USD BILLION) 86
TABLE 30 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SCADA, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 87
TABLE 31 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SCADA, BY REGION, 2014–2023 (USD MILLION) 88
TABLE 32 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HMI, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 89
TABLE 33 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HMI, BY REGION, 2014–2023 (USD MILLION) 89
TABLE 34 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SAFETY AUTOMATION, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 90
TABLE 35 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SAFETY AUTOMATION, BY TYPE, 2014–2023 (USD MILLION) 92
TABLE 36 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SAFETY AUTOMATION, BY REGION, 2014–2023 (USD MILLION) 92
TABLE 37 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR EMERGENCY SHUTDOWN SYSTEMS BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 93
TABLE 38 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR FIRE & GAS MONITORING & CONTROL, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 94
TABLE 39 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HIPPS, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 95
TABLE 40 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR BMS, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 96
TABLE 41 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR TMC, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 97
TABLE 42 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR APC, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 98
TABLE 43 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR APC, BY REGION, 2014–2023 (USD MILLION) 99
TABLE 44 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR MES, BY END-USER INDUSTRY, 2014–2023 (USD MILLION) 100
TABLE 45 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR MES, BY REGION, 2014–2023 (USD MILLION) 101
TABLE 46 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY END-USER INDUSTRY, 2014–2023 (USD BILLION) 103
TABLE 47 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR CHEMICALS INDUSTRY, BY TYPE, 2014–2023 (USD BILLION) 105
TABLE 48 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR ENERGY & POWER INDUSTRY, BY TYPE, 2014–2023 (USD BILLION) 106
TABLE 49 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR FOOD & BEVERAGES INDUSTRY, BY TYPE, 2014–2023 (USD BILLION) 107
TABLE 50 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR METALS & MINING INDUSTRY, BY TYPE, 2014–2023 (USD BILLION) 108
TABLE 51 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR OIL & GAS INDUSTRY, BY TYPE, 2014–2023 (USD BILLION) 109
TABLE 52 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PHARMACEUTICALS INDUSTRY, BY TYPE, 2014–2023 (USD BILLION) 110
TABLE 53 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PULP & PAPER INDUSTRY, BY TYPE, 2014–2023 (USD BILLION) 111
TABLE 54 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR WATER & WASTEWATER INDUSTRY, BY TYPE, 2014–2023 (USD BILLION) 112
TABLE 55 PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR OTHER INDUSTRIES, BY TYPE, 2014–2023 (USD BILLION) 113
TABLE 56 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY GEOGRAPHY, 2014–2023 (USD BILLION) 115
TABLE 57 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN NORTH AMERICA, BY TYPE, 2014–2023 (USD BILLION) 117
TABLE 58 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN NORTH AMERICA, BY COUNTRY, 2014–2023 (USD BILLION) 118
TABLE 59 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN EUROPE, BY TYPE, 2014–2023 (USD BILLION) 121
TABLE 60 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN EUROPE, BY COUNTRY/REGION, 2014–2023 (USD BILLION) 122
TABLE 61 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN APAC, BY TYPE, 2014–2023 (USD BILLION) 126
TABLE 62 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN APAC, BY COUNTRY/ REGION, 2014–2023 (USD BILLION) 126
TABLE 63 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ROW, BY TYPE, 2014–2023 (USD BILLION) 129
TABLE 64 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ROW, BY REGION, 2014–2023 (USD BILLION) 130
TABLE 65 RANKING OF THE KEY PLAYERS IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET, 2016 133
TABLE 66 MOST SIGNIFICANT PRODUCT LAUNCHES/DEVELOPMENTS IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET 139
TABLE 67 MOST SIGNIFICANT PARTNERSHIPS, AGREEMENTS, CONTRACTS, COLLABORATIONS, JOINT VENTURES, AND ACQUISITIONS IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET 140
TABLE 68 RECENT EXPANSIONS CARRIED OUT IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET 141

LIST OF FIGURES

FIGURE 1 MARKET SEGMENTATION 16
FIGURE 2 RESEARCH DESIGN 20
FIGURE 3 VALUE CHAIN – INDUSTRIAL AUTOMATION 21
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 28
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 29
FIGURE 6 DATA TRIANGULATION METHODOLOGY 30
FIGURE 7 ASSUMPTIONS OF THE RESEARCH STUDY 31
FIGURE 8 PROCESS AUTOMATION & INSTRUMENTATION MARKET SIZE (2016–2023) 33
FIGURE 9 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INSTRUMENT 33
FIGURE 10 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION 34
FIGURE 11 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY END-USER INDUSTRY 35
FIGURE 12 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY GEOGRAPHY, 2016 36
FIGURE 13 ATTRACTIVE GROWTH OPPORTUNITIES IN THE PROCESS AUTOMATION & INSTRUMENTATION MARKET 37
FIGURE 14 FIELD INSTRUMENT TO HOLD THE LARGEST SHARE OF THE PROCESS AUTOMATION & INSTRUMENTATION MARKET IN 2017 37
FIGURE 15 MARKET FOR MES TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 38
FIGURE 16 OIL & GAS INDUSTRY TO HOLD THE LARGEST SHARE OF THE PROCESS AUTOMATION & INSTRUMENTATION MARKET IN 2017 38
FIGURE 17 US TO HOLD THE LARGEST SHARE OF THE PROCESS AUTOMATION & INSTRUMENTATION MARKET IN 2017 39
FIGURE 18 RISING ADOPTION OF IOT ACROSS VARIOUS INDUSTRIES FUELLING THE GROWTH OF THE PROCESS AUTOMATION & INSTRUMENTATION MARKET 42
FIGURE 19 VALUE CHAIN ANALYSIS: MANUFACTURING AND SYSTEM INTEGRATION PHASES ADD MAXIMUM VALUE 48
FIGURE 20 MARKET FOR PROCESS AUTOMATION TO GROW AT A HIGHER RATE BETWEEN 2017 AND 2023 51
FIGURE 21 CONTROL VALVE SEGMENT TO GROW AT THE HIGHEST RATE BETWEEN 2017 AND 2023 58
FIGURE 22 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY FIELD INSTRUMENT 60
FIGURE 23 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY CONTROL VALVE 69
FIGURE 24 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY ANALYZER 73
FIGURE 25 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY COMMUNICATION PROTOCOL 76
FIGURE 26 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION 82
FIGURE 27 MARKET FOR MES TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 82
FIGURE 28 FUNCTIONS OF SCADA 87
FIGURE 29 MARKET FOR SAFETY AUTOMATION, BY TYPE 91
FIGURE 30 PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY END-USER INDUSTRY 104
FIGURE 31 MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT THE HIGHEST RATE BETWEEN 2017 AND 2023 104
FIGURE 32 GEOGRAPHIC SNAPSHOT OF THE PROCESS AUTOMATION & INSTRUMENTATION MARKET, 2017–2023 116
FIGURE 33 PROCESS AUTOMATION & INSTRUMENTATION MARKET IN APAC TO GROW AT THE HIGHEST RATE BETWEEN 2017 AND 2023 116
FIGURE 34 SNAPSHOT: PROCESS AUTOMATION & INSTRUMENTATION MARKET IN NORTH AMERICA 119
FIGURE 35 US TO DOMINATE THE PROCESS AUTOMATION & INSTRUMENTATION MARKET IN NORTH AMERICA IN 2017 120
FIGURE 36 SNAPSHOT: PROCESS AUTOMATION & INSTRUMENTATION MARKET IN EUROPE 123
FIGURE 37 REST OF EUROPE TO HOLD THE LARGEST SIZE OF THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN EUROPE IN 2017 124
FIGURE 38 CHINA TO LEAD THE PROCESS AUTOMATION & INSTRUMENTATION MARKET IN APAC IN 2017 127
FIGURE 39 MIDDLE EAST TO LEAD THE PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ROW BY 2023 130
FIGURE 40 COMPANIES ADOPTED PARTNERSHIPS, AGREEMENTS, CONTRACTS, COLLABORATIONS, JOINT VENTURES, AND ACQUISITIONS STRATEGIES BETWEEN 2016 AND 2017 132
FIGURE 41 COMPETITIVE LEADERSHIP MAPPING, 2017 135
FIGURE 42 MARKET EVOLUTION FRAMEWORK: PARTNERSHIPS, AGREEMENTS, CONTRACTS, COLLABORATIONS, JOINT VENTURES, AND ACQUISITIONS FUELLED THE GROWTH OF THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET 138
FIGURE 43 BATTLE FOR MARKET SHARE: PARTNERSHIPS, AGREEMENTS, CONTRACTS, COLLABORATIONS, JOINT VENTURES, AND ACQUISITIONS EMERGED AS KEY STRATEGIES 138
FIGURE 44 GEOGRAPHIC REVENUE MIX OF THE TOP 5 PLAYERS (2016) 142
FIGURE 45 ABB LTD.: COMPANY SNAPSHOT 143
FIGURE 46 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 147
FIGURE 47 HONEYWELL INTERNATIONAL INC. : COMPANY SNAPSHOT 151
FIGURE 48 SIEMENS AG: COMPANY SNAPSHOT 155
FIGURE 49 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT 158
FIGURE 50 GENERAL ELECTRIC CO.: COMPANY SNAPSHOT 161
FIGURE 51 METSO CORPORATION : COMPANY SNAPSHOT 165
FIGURE 52 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 168
FIGURE 53 SCHNEIDER ELECTRIC SE: COMPANY SNAPSHOT 171
FIGURE 54 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 175

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