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Process Automation Market Analysis by Instrument, Solution, Industry, Region and Leading Players ABB Ltd., Emerson Electric Company, Danaher Corporation
"Process Automation Market"
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Process Automation Market by Instrument (Field Instruments, Process Analysers), Solution (PLC, DCS, SCADA, HMI, Functional Safety, MES), Industry, and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Process Automation Market Key Players:
ABB Ltd.
Emerson Electric Company
Danaher Corporation
Omron Corporation
Mitsubishi Electric Corp.
Schneider Electric
Rockwell Automation
Siemens and Yokogawa Electric Corporation
In September 2021, Siemens launched Sitrans IQ, a new digitalization portfolio designed for targeted monitoring of critical measurement points to complete asset management covering instrumentation for multiple plants. This solution meets all types of requirements, including apps for smart asset management, smart inventory management, remote monitoring, Bluetooth connectivity for field devices and condition monitoring of capital assets.
In June 2020, Emerson Electric Co. launched ASCO Series 353 pulse valves. These valves are expected to help end users achieve effective, efficient, and convenient bag cleaning. These valves can be used in different applications in agriculture, pharmaceuticals, mining, rubber, metals, cement, and power industries.
Regional Analysis
Asia Pacific led the global process automation market, followed Asia Pacific led the global process automation market, followed by North America and Europe. In Asia Pacific, the demand for process automation solutions is growing from the oil & gas and food.
Process Automation Market Table of Contents:
Process Automation Market is segmented into instrument, solution, industry and region.
On the basis of Instrument
Field instruments
Process analysers
On the basis of Solution
PLC
DCS
SCADA
HMI
Functional Safety
MES
On the basis of Industry
Oil & Gas
Chemicals
Pulp & Paper
Pharmaceuticals
Metals & Mining
Food & Beverages
Energy & Power
Water & Wastewater Treatment
Others
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
Process automation industries have been into existence for a long time. The advances in automation systems have taken the process industries to a next level in terms of time management, production quality, energy efficiency and optimization of process. Process automation generally follows five layered architectures 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.
The growing importance of energy efficiency and cost optimization, increased productivity, minimized errors and better scalability; the increasing use of digital technologies such as IIoT, machine learning, and artificial intelligence; and the rising emphasis on industrial automation and optimum utilization of resources are some of the factors that have supported long-term expansion for Process Automation Market.
The outbreak of the COVID-19 pandemic had negatively impacted the growth of the process automation market in 2020 due to disruptions in the supply chain and a decline in demand.
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