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Global Process Automation & Instrumentation Market Research Report (2020 to 2026) - by Connectivity, Type, End-user and Region - ResearchAndMarkets.com

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DUBLIN, July 30, 2021--(BUSINESS WIRE)--The "Process Automation & Instrumentation Market Research Report by Connectivity, by Type, by End User, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Process Automation & Instrumentation Market size was estimated at USD 64.56 Billion in 2020 and expected to reach USD 68.41 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 6.30% to reach USD 93.18 Billion by 2026.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Process Automation & Instrumentation Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Process Automation & Instrumentation Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Process Automation & Instrumentation Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Process Automation & Instrumentation Market?

4. What is the competitive strategic window for opportunities in the Global Process Automation & Instrumentation Market?

5. What are the technology trends and regulatory frameworks in the Global Process Automation & Instrumentation Market?

6. What is the market share of the leading vendors in the Global Process Automation & Instrumentation Market?

7. What modes and strategic moves are considered suitable for entering the Global Process Automation & Instrumentation Market?

Market Dynamics

Drivers

  • Increasing adoption of IoT, big data and wireless network

  • Paradigm shift from conventional practices to the digital transformation

  • Need for a proactive solution to determine the failure

  • Enforcement of regulatory compliance in process industries

  • Rising labor wages across manufacturing hubs

Restraints

  • High initial implementation and maintenance cost

  • Reluctance towards the traditional working approach

Opportunities

  • Upcoming wave of the industrial revolution

  • Growing emphasis on robust IT infrastructure

Challenges

  • Security concerns raising due to digitization

Companies Mentioned

  • ABB Ltd.

  • AMETEK, Inc.

  • Azbil Corporation

  • Beckhoff Automation GmbH & Co. KG

  • Christian Burkert GmbH & Co. KG

  • Delta Electronics, Inc.

  • Emerson Electric Co.

  • Endress+Hauser AG

  • Fuji Electric Co., Ltd

  • General Electric Company

  • Hach Company

  • HIMA Paul Hildebrandt GmbH

  • Hitachi, Ltd

  • HollySys Automation Technologies

  • Honeywell International, Inc.

  • Mitsubishi Electric Corporation

  • OMRON Corporation

  • Rockwell Automation, Inc.

  • Schneider Electric S.E.

  • Shimadzu Corporation

  • Siemens AG

  • Thermo Fisher Scientific Inc.

  • WIKA Instruments India Private Limited

  • Xylem

  • Yokogawa Electric Corporation

For more information about this report visit https://www.researchandmarkets.com/r/fy42g

View source version on businesswire.com: https://www.businesswire.com/news/home/20210730005379/en/

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