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Global Process Automation and Instrumentation Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Process automation serves as the tool by which any process may be made automatic through the approach of process automation. Process automation and instrumentation adoption enables companies to do difficult tasks more quickly and efficiently, save labor costs, increase workplace safety, and boost overall output. Process automation and instrumentation are turning human cognition into a technological model that can be programmed. Modern businesses and industries now place a great deal of weight on it since it provides real-time perspectives that are then used to optimize operations.
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Asia Pacific is projected to have the highest CAGR over the forecast period, due to the availability of cheap labor in these countries. Further, this region needs a significant financial expenditure to incorporate process automation. The market expansion is being accelerated by rising investments in clean energy infrastructure in Asia Pacific to fulfill the region's rising power demand and reduce dependency on fossil fuels for energy production.
Some of the key players profiled in the Process Automation and Instrumentation Market include Emerson Electric Company, Rockwell Automation Inc., Siemens AG, Yokogawa Electric Corporation, Pepper Fuchs GmbH., Hitachi Ltd, Delta Electronics, Koyo Electronics Industries Co., Ltd., Honeywell International Inc., ABB Limited, Mitsubishi Electric Company, General Electric Company, Fuji Electric, Eaton Corporation, Metso Corporation, Omron Corporation and Danaher Corporation.
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