DUBLIN, July 11, 2019 /PRNewswire/ -- The "Process Automation - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
Global Process Automation Market is expected to grow at a CAGR of 9.4% during the forecast periodImproved focus on manufacturing in developing economies, technological innovations and growing adoption of robotics are some of the factors fueling the market growth. However, shortage of skilled workforce and security concerns are hindering the market.Process automation industries have been into continuation for a long time. The advance in automation systems has taken the process industries to a next level in terms of time management, production quality, energy efficiency and optimization of process. It generally follows five layered architecture in which I/O systems is at lowest level then PLC then SCADA followed by MES and ERP respectively. These five layers together form process automation.Based on end user, paper and pulp industry has significant growth during the forecast period due to it required high utilization of raw material during a lot of process with close monitoring of temperature and chemical content and the process automation allows to achieve the same from one location through the process automation. By geography, North America has the largest market share during the forecast period owing to the major developments surrounding the emerging technologies.What the report offers:
Key Topics Covered: 1 Executive Summary 2 Preface 2.1 Abstract2.2 Stake Holders2.3Research Scope
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SOURCE Research and Markets
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