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Process Automation & Instrumentation Market by Instrument, Solution, End-User Industry, and Geography - Global Forecast to 2023LONDON, July 20, 2017 /PRNewswire/ -- "Process automation & instrumentation market to exhibit significant growth between 2017 and 2023" "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 Download the full report: https://www.reportbuyer.com/product/5006190/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/process-automation--instrumentation-market-by-instrument-solution-end-user-industry-and-geography---global-forecast-to-2023-300491986.html SOURCE ReportBuyer |