Process Automation & Instrumentation Market to Grow at 2.6% CAGR to 2025

The research reports on “Process Automation & Instrumentation Market” report gives detailed overview of factors that affect global business scope. Process Automation & Instrumentation Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors.

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The Process Automation and Instrumentation Market is expected to be valued at USD 67.4 Billion in 2020 and is projected to reach USD 76.8 Billion by 2025, at a CAGR of 2.6%.

Top Companies Profiled in the Process Automation & Instrumentation Market:

  • ABB (Switzerland)
  • Siemens (Germany)
  • Emerson Electric (US)
  • Schneider Electric (France)
  • and Honeywell International (US)
  • General Electric (US)
  • Mitsubishi Electric (Japan)
  • Rockwell Automation (US)
  • Endress+Hauser (Switzerland)
  • Yokogawa Electric (Japan)
  • HollySys (China)

DCS is a digital automated industrial control system (ICS) that uses geographically distributed loops through a factory, machine, or control area. Unlike a centralized control system that operates all machines, a DCS allows each section of a machine to have its own dedicated controller that runs the operation. Rising demand for energy & power, emergence of open source DCS solutions, and cost and time effectiveness are primarily driving the growth of the DCS market.

Field instruments play a important role in process control by measuring key elements such as temperature, pressure, flow, and level. Field instruments assist in managing plant assets, enhancing plant safety, and optimizing overall production processes through data acquisition, control, and measurement.

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