出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2022年01月
プロセス自動化および計装市場：機器（フィールド機器、プロセスアナライザー）、ソリューション（PLC、DCS、SCADA、HMI、機能安全、MES）、業界、地域別 – 2027年までの世界予測
Process Automation and Instrumentation Market with COVID-19 Impact Analysis by Instrument (Field Instruments, Process Analyzers), Solution (PLC, DCS, SCADA, HMI, Functional Safety, MES), Industry and Region – Global Forecast to 2027
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| 種別 | 英文調査報告書 |
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The global process automation and instrumentation market size is expected to grow from USD 66.2 billion in 2022 to USD 86.6 billion by 2026, at a CAGR of 5.5%. The growth of this market can be attributed to 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. However, COVID-19 pandemic had a negative impact on the growth of various process industries which is likely to affect the demand for process automation and instrumentation products in some regions.
“Oil & gas industry is leading the global process automation and instrumentation market”
The oil & gas industry is leading the global process automation and instrumentation market at present, and a similar trend is likely to continue in the next few years. Oil and gas companies are increasingly leveraging process automation and instrumentation to acquire a constant stream of data that can be mined, aggregated into big data, and transformed into smart data through analytics and detailed analysis. Major components used for process automation and instrumentation in the oil & gas industry are solutions, such as MES and SCADA, and instruments, such as control valves, actuators, positioners, flowmeters, and transmitters. The oil demand can be met by increasing the productivity and efficiency of the oil and gas companies. Therefore, it becomes necessary for industry players to implement solutions to improve manufacturing processes. This can ultimately be achieved by adopting process automation and instrumentation solutions such as HMI, SCADA, and PLC.
“Field instruments dominated the global process automation and instrumentation market in 2021”
Field instruments assist in managing plant assets, enhancing plant safety, and optimizing overall production processes through data acquisition, control, and measurement. It is necessary to obtain key information regarding major parameters, including temperature, pressure, and level, to monitor and control processes quickly, smoothly, securely, and accurately, as well as to achieve optimum productivity. These instruments play a pivotal role in measuring and controlling process parameters in process industries. For example, in June 2021, Emerson Electric Co. introduced a new Rosemount 1408H level transmitter, specifically designed for the food & beverages industry. The constant release of advanced products to automate industrial processes and measure and control different process parameters is expected to drive the process automation and instrumentation market for field instruments.
“Asia Pacific to grow at the highest CAGR during the forecast period of 2022 to 2027”
In terms of region, Asia Pacific led the global process automation and instrumentation market, followed Asia Pacific led the global process automation and instrumentation market, followed by North America and Europe in 2021. In Asia Pacific, the demand for process automation and instrumentation solutions is growing from the oil & gas and food & beverages industries due to the ever-increasing population in Asia Pacific. Increasing investments in clean energy infrastructure in Asia Pacific to meet escalating demand for electricity and reduce reliance on fossil fuels to generate energy. Also, the process automation and instrumentation market for the pharmaceuticals industry in this region is expected to grow at the highest CAGR from 2022 to 2027 due to changing regulatory environment. Also, advantages such as higher reliability and flexibility and greater speed and accuracy offered by process automation encourage pharma companies to adopt process automation and instrumentation solutions.
Breakdown of the profiles of primary participants:
• By Company Type: Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35%
• By Designation: C-level Executives – 47%, Directors – 32%, and others – 21%
• By Region: North America – 29%, Europe – 27%, Asia Pacific – 38%, and RoW – 6%
Major players profiled in this report are as follows: ABB Ltd (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), and Schneider Electric (France), and others.
Research Coverage
In this report, the process automation and instrumentation market has been segmented based on instrument, solution, industry, and region. The process automation and instrumentation market based on instrument has been segmented into field instruments and process analyzers. Based on solution, the market is segmented into PLC, DCS, SCADA, HMI, functional safety, and MES. Based on industry, the market has been segmented into oil & gas, chemicals, pulp & paper, pharmaceuticals, metals & mining, food & beverages, energy & power, water & wastewater treatment, and others.The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.
Key Benefits of Buying the Report:
The report would help market leaders/new entrants in this market in the following ways:
This report segments of the process automation and instrumentation market comprehensively and provides the closest approximation of the overall market size and subsegments that include instrument, solution, industry, and region.
The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the process automation and instrumentation market.
This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business.
The competitive landscape section includes the competitor ecosystem, as well as growth strategies such as product launches and acquisitions carried out by major market players
目次
1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 35
1.2.1 INCLUSIONS AND EXCLUSIONS 35
1.3 STUDY SCOPE 36
1.3.1 MARKETS COVERED 36
FIGURE 1 PROCESS AUTOMATION AND INSTRUMENTATION MARKET: SEGMENTATION 36
1.3.2 GEOGRAPHIC SCOPE 36
1.3.3 YEARS CONSIDERED 37
1.4 CURRENCY & PRICING 37
1.5 LIMITATIONS 37
1.6 STAKEHOLDERS 37
1.7 SUMMARY OF CHANGES 38
2 RESEARCH METHODOLOGY 39
2.1 RESEARCH DATA 39
FIGURE 2 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
RESEARCH DESIGN 40
2.1.1 SECONDARY AND PRIMARY RESEARCH 41
2.1.2 SECONDARY DATA 42
2.1.2.1 List of major secondary sources 42
2.1.2.2 Key data from secondary sources 43
2.1.3 PRIMARY DATA 43
2.1.3.1 Primary interviews with experts 44
2.1.3.2 Key data from primary sources 44
2.1.3.3 Key industry insights 44
2.1.3.4 Breakdown of primaries 45
2.2 MARKET SIZE ESTIMATION 45
2.2.1 BOTTOM-UP APPROACH 46
2.2.1.1 Approach for arriving at market size by bottom-up analysis
(demand side) 46
FIGURE 3 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
BOTTOM-UP APPROACH 46
2.2.2 TOP-DOWN APPROACH 47
2.2.2.1 Approach for capturing market size by top-down analysis
(supply side) 47
FIGURE 4 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
TOP-DOWN APPROACH 47
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR LEVEL TRANSMITTERS MARKET USING SUPPLY-SIDE ANALYSIS 48
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 49
FIGURE 6 DATA TRIANGULATION 49
2.4 RESEARCH ASSUMPTIONS 50
2.5 RISK ASSESSMENT 51
3 EXECUTIVE SUMMARY 52
FIGURE 7 IMPACT OF COVID-19 ON PROCESS AUTOMATION AND
INSTRUMENTATION MARKET 53
3.1 REALISTIC SCENARIO 53
3.2 PESSIMISTIC SCENARIO 53
3.3 OPTIMISTIC SCENARIO 54
FIGURE 8 FIELD INSTRUMENTS TO ACCOUNT FOR LARGER MARKET SHARE THAN PROCESS ANALYZERS THROUGHOUT FORECAST PERIOD 54
FIGURE 9 DCS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 55
FIGURE 10 OIL & GAS TO ACCOUNT FOR LARGEST SHARE OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET BETWEEN 2022 AND 2027 56
FIGURE 11 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET DURING FORECAST PERIOD 57
4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PROCESS AUTOMATION AND INSTRUMENTATION MARKET 58
FIGURE 12 RISING ADOPTION OF PROCESS AUTOMATION AND INSTRUMENTATION SOLUTIONS IN VARIOUS INDUSTRIES TO INCREASE OPERATIONAL EFFICIENCY WOULD FUEL MARKET GROWTH DURING FORECAST PERIOD 58
4.2 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT 58
FIGURE 13 FIELD INSTRUMENTS TO CAPTURE LARGER MARKET SHARE
FROM 2022 TO 2027 58
4.3 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION 59
FIGURE 14 MANUFACTURING EXECUTION SYSTEM (MES) TO REGISTER HIGHEST
CAGR IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET
FROM 2022 TO 2027 59
4.4 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN NORTH AMERICA,
BY COUNTRY 59
FIGURE 15 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN 2027 59
4.5 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY 60
FIGURE 16 OIL & GAS INDUSTRY TO HOLD MAJORITY MARKET SHARE IN 2027 60
4.6 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY COUNTRY 61
FIGURE 17 INDIA TO EXHIBIT HIGHEST CAGR IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET FROM 2022 TO 2027 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 62
FIGURE 18 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 63
5.2.1 DRIVERS 63
5.2.1.1 Increasing focus of manufacturing firms on achieving cost saving and better efficiency 63
5.2.1.2 Growing need for efficient utilization of resources 64
5.2.1.3 Rising trend of connected enterprises in process industries 64
FIGURE 19 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
IMPACT ANALYSIS OF DRIVERS 65
5.2.2 RESTRAINTS 65
5.2.2.1 High implementation and maintenance costs associated with process automation 65
5.2.2.2 Sharp decline in revenue of major end-user industries such as
oil & gas and energy & power 66
FIGURE 20 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
IMPACT ANALYSIS OF RESTRAINTS 66
5.2.3 OPPORTUNITIES 66
5.2.3.1 Growing adoption of Industry 4.0 by manufacturing firms 66
5.2.3.2 Surging demand for safety automation systems
across process industries 67
5.2.3.3 Rising need for efficient multivariable pressure transmitters 67
5.2.3.4 Increasing adoption of IIoT across industries 68
FIGURE 21 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
IMPACT ANALYSIS OF OPPORTUNITIES 68
5.2.4 CHALLENGES 69
5.2.4.1 Cyberattacks and security threats 69
5.2.4.2 Shortage of skilled personnel to operate sophisticated
automation systems 69
FIGURE 22 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
IMPACT ANALYSIS OF CHALLENGES 69
5.3 VALUE CHAIN ANALYSIS 70
FIGURE 23 VALUE CHAIN: PROCESS AUTOMATION AND INSTRUMENTATION MARKET 70
5.4 ECOSYSTEM ANALYSIS 72
FIGURE 24 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
ECOSYSTEM ANALYSIS 72
TABLE 1 PROCESS AUTOMATION AND INSTRUMENTATION MARKET
ECOSYSTEM: KEY PLAYERS 73
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS 74
FIGURE 25 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN
PROCESS AUTOMATION AND INSTRUMENTATION MARKET 74
5.6 PORTER’S FIVE FORCES ANALYSIS 74
TABLE 2 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
PORTER’S FIVE FORCES ANALYSIS 74
5.6.1 INTENSITY OF COMPETITIVE RIVALRY 75
5.6.2 BARGAINING POWER OF SUPPLIERS 75
5.6.3 BARGAINING POWER OF BUYERS 75
5.6.4 THREAT OF SUBSTITUTES 75
5.6.5 THREAT OF NEW ENTRANTS 75
5.7 CASE STUDY ANALYSIS 76
TABLE 3 INDUSTRIAL NETWORKING SOLUTIONS (INS) HELPED ARB MIDSTREAM DEPLOY SCADA SOLUTIONS FOR NEW PIPELINE 76
TABLE 4 EMERSON HELPED CRUDE OIL PRODUCER TO REDUCE OPERATIONAL COSTS USING PRESSURE TRANSMITTERS 76
TABLE 5 AVEVA HELPED CITY OF BARCELONA EFFECTIVELY MANAGE RESOURCES AND INTEGRATE NEW PROCESSES AND FACILITIES 77
TABLE 6 COLOMBIAN OIL AND GAS COMPANY REDUCED MAINTENANCE COSTS AND INCREASED CYBER SECURITY FOR ITS ABB DISTRIBUTED CONTROL SYSTEMS 77
5.8 TECHNOLOGY ANALYSIS 77
5.8.1 IOT 77
5.8.1.1 IoT connectivity for process automation and instrumentation 77
5.8.2 ARTIFICIAL INTELLIGENCE 78
5.8.2.1 AI in process automation to reduce human intervention 78
5.8.3 PREDICTIVE MAINTENANCE 78
5.8.3.1 Maximum benefits of predictive maintenance 78
5.8.4 DIGITAL TWIN 78
5.8.4.1 Digital twin as foundation of Industry 4.0 78
5.9 PRICING ANALYSIS 79
5.9.1 LEVEL TRANSMITTERS 79
5.9.2 MES 80
TABLE 7 MANUFACTURING EXECUTION SYSTEM: AVERAGE PRICE ANALYSIS 80
5.9.3 FUNCTIONAL/INDUSTRIAL SAFETY COMPONENTS 80
TABLE 8 AVERAGE SELLING PRICE OF COMPONENTS 80
5.9.4 PROCESS ANALYZERS 81
5.9.5 DCS 81
TABLE 9 PRICE OF CONVENTIONAL DISTRIBUTED CONTROL SYSTEMS: 81
5.9.6 PLC 81
TABLE 10 PRICING ANALYSIS OF PROGRAMMABLE LOGIC CONTROLLER (PLC): 81
5.10 TRADE ANALYSIS 82
5.10.1 IMPORT SCENARIO FOR INSTRUMENTS AND APPARATUS FOR MEASURING OR CHECKING FLOW, LEVEL, PRESSURE OR OTHER VARIABLES 82
FIGURE 26 IMPORT DATA FOR INSTRUMENTS AND APPARATUS FOR MEASURING OR CHECKING FLOW, LEVEL, PRESSURE, OR OTHER VARIABLES, BY KEY COUNTRY, 2016−2020 (USD MILLION) 82
5.10.2 EXPORT SCENARIO FOR INSTRUMENTS AND APPARATUS FOR MEASURING OR CHECKING FLOW, LEVEL, PRESSURE, OR OTHER VARIABLES 82
FIGURE 27 EXPORT DATA FOR INSTRUMENTS AND APPARATUS FOR MEASURING OR CHECKING FLOW, LEVEL, PRESSURE, OR OTHER VARIABLES,
BY KEY COUNTRY, 2016−2020 (USD MILLION) 83
5.11 PATENT ANALYSIS 83
FIGURE 28 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 83
FIGURE 29 NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2021 84
TABLE 11 TOP 20 PATENT OWNERS IN US FROM 2011 TO 2021 84
TABLE 12 LIST OF FEW PATENTS IN INDUSTRIAL AUTOMATION MARKET, 2019–2021 85
5.12 MARKET REGULATIONS AND STANDARDS 86
TABLE 13 REGULATIONS AND STANDARDS FOR PROCESS
AUTOMATION AND INSTRUMENTATION 86
5.13 COMMUNICATION PROTOCOLS 87
5.13.1 WIRED COMMUNICATION PROTOCOLS 87
FIGURE 30 WIRED COMMUNICATION PROTOCOLS 87
5.13.1.1 USB protocol 88
5.13.1.2 UART protocol 88
5.13.1.3 SPI protocol 88
5.13.1.4 I2C protocol 88
5.13.1.5 CAN protocol 88
5.13.2 WIRELESS COMMUNICATION PROTOCOLS 88
5.13.2.1 Wi-Fi 89
5.13.2.2 Bluetooth 89
5.13.2.3 Zigbee 89
5.13.2.4 3G & 4G cellular 89
5.13.2.5 Others 90
TABLE 14 COMPARISON: WIRELESS COMMUNICATION PROTOCOLS 90
6 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT 91
6.1 INTRODUCTION 92
FIGURE 31 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT 92
FIGURE 32 SOLUTIONS TO LEAD PROCESS AUTOMATION AND INSTRUMENTATION MARKET FROM 2022 TO 2027 93
TABLE 15 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE,
2018–2021 (USD MILLION) 93
TABLE 16 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE,
2022–2027 (USD MILLION) 93
TABLE 17 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2018–2021 (USD MILLION) 94
TABLE 18 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2022–2027 (USD MILLION) 94
6.2 FIELD INSTRUMENTS 94
TABLE 19 FIELD INSTRUMENTS: COMMON TYPES OF TRANSMITTERS USED IN
PROCESS INDUSTRIES 95
6.2.1 IMPACT OF COVID-19 ON MARKET FOR FIELD INSTRUMENTS 95
TABLE 20 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY TYPE, 2018–2021 (USD MILLION) 96
TABLE 21 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY TYPE, 2022–2027 (USD MILLION) 96
TABLE 22 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY INDUSTRY, 2018–2021 (USD MILLION) 96
TABLE 23 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY INDUSTRY, 2022–2027 (USD MILLION) 97
TABLE 24 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY REGION, 2018–2021 (USD MILLION) 97
TABLE 25 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FIELD INSTRUMENTS, BY REGION, 2022–2027 (USD MILLION) 97
6.2.2 LEVEL TRANSMITTERS 98
6.2.2.1 Accurate measurements offered by level transmitters for applications in water & wastewater treatment industry to foster market growth 98
TABLE 26 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY INDUSTRY, 2018–2021 (USD MILLION) 98
TABLE 27 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY INDUSTRY, 2022–2027 (USD MILLION) 99
TABLE 28 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY REGION, 2018–2021 (USD MILLION) 99
TABLE 29 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY REGION, 2022–2027 (USD MILLION) 99
6.2.3 PRESSURE TRANSMITTERS 100
6.2.3.1 Widespread use of pressure transmitters in oil & gas industry
to push market growth 100
TABLE 30 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY INDUSTRY, 2018–2021 (USD MILLION) 100
TABLE 31 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY INDUSTRY, 2022–2027 (USD MILLION) 101
TABLE 32 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY REGION, 2018–2021 (USD MILLION) 101
TABLE 33 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY REGION, 2022–2027 (USD MILLION) 101
6.2.4 TEMPERATURE TRANSMITTERS 102
6.2.4.1 Advanced capabilities of temperature transmitters to simplify operations will facilitate their demand 102
TABLE 34 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY INDUSTRY, 2018–2021 (USD MILLION) 102
TABLE 35 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY INDUSTRY, 2022–2027 (USD MILLION) 103
TABLE 36 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY REGION, 2018–2021 (USD MILLION) 103
TABLE 37 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY REGION, 2022–2027 (USD MILLION) 103
6.2.5 OTHERS 104
6.2.5.1 Humidity transmitters 104
6.2.5.2 Vibration level switches 104
TABLE 38 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR OTHERS,
BY INDUSTRY, 2018–2021 (USD MILLION) 105
TABLE 39 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR OTHERS,
BY INDUSTRY, 2022–2027 (USD MILLION) 105
TABLE 40 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR OTHERS,
BY REGION, 2018–2021 (USD MILLION) 106
TABLE 41 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR OTHERS,
BY REGION, 2022–2027 (USD MILLION) 106
6.3 PROCESS ANALYZERS 106
6.3.1 HIGH DEMAND FROM PHARMACEUTICALS INDUSTRY TO DRIVE GROWTH OF MARKET FOR PROCESS ANALYZERS 106
TABLE 42 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PROCESS ANALYZERS, BY INDUSTRY, 2018–2021 (USD MILLION) 107
TABLE 43 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PROCESS ANALYZERS, BY INDUSTRY, 2022–2027 (USD MILLION) 107
TABLE 44 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PROCESS ANALYZERS, BY REGION, 2018–2021 (USD MILLION) 108
TABLE 45 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PROCESS ANALYZERS, BY REGION, 2022–2027 (USD MILLION) 108
7 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION 109
7.1 INTRODUCTION 110
FIGURE 33 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION 110
FIGURE 34 DCS TO HOLD LARGER SHARE OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET FROM 2022 TO 2027 111
TABLE 46 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2018–2021 (USD MILLION) 111
TABLE 47 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 111
TABLE 48 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY INDUSTRY, 2018–2021 (USD MILLION) 112
TABLE 49 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY INDUSTRY, 2022–2027 (USD MILLION) 112
TABLE 50 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY REGION, 2018–2021 (USD MILLION) 113
TABLE 51 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SOLUTIONS, BY REGION, 2022–2027 (USD MILLION) 113
7.2 PROGRAMMABLE LOGIC CONTROLLER 113
7.2.1 GROWING USE OF MICRO AND NANO CONTROLLERS IN DIFFERENT
PROCESS INDUSTRIES TO FUEL MARKET GROWTH 113
7.2.2 IMPACT OF COVID-19 ON MARKET FOR PROGRAMMABLE
LOGIC CONTROLLERS 114
TABLE 52 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC,
BY INDUSTRY, 2018–2021 (USD MILLION) 114
TABLE 53 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC,
BY INDUSTRY, 2022–2027 (USD MILLION) 115
TABLE 54 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC,
BY REGION, 2018–2021 (USD MILLION) 115
TABLE 55 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR PLC,
BY REGION, 2022–2027 (USD MILLION) 115
7.3 DISTRIBUTED CONTROL SYSTEM 116
7.3.1 RISING NEED FOR AUTOMATION TO ACHIEVE IMPROVED OPERATIONAL EFFICIENCY WILL AUGMENT DEMAND FOR DCS 116
7.3.2 IMPACT OF COVID-19 ON MARKET FOR DCS 116
TABLE 56 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS,
BY INDUSTRY, 2018–2021 (USD MILLION) 117
TABLE 57 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS,
BY INDUSTRY, 2022–2027 (USD MILLION) 117
TABLE 58 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS,
BY REGION, 2018–2021 (USD MILLION) 118
TABLE 59 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR DCS,
BY REGION, 2022–2027 (USD MILLION) 118
7.4 SCADA 118
7.4.1 SURGING ADOPTION OF SCADA SYSTEMS TO COLLECT
REAL-TIME DATA REGARDING PRODUCTION COUNT AND DOWNTIME PROPELS MARKET GROWTH 118
7.4.2 IMPACT OF COVID-19 ON MARKET FOR SCADA 119
TABLE 60 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA,
BY INDUSTRY, 2018–2021 (USD MILLION) 119
TABLE 61 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA,
BY INDUSTRY, 2022–2027 (USD MILLION) 120
TABLE 62 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA,
BY REGION, 2018–2021 (USD MILLION) 120
TABLE 63 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR SCADA,
BY REGION, 2022–2027 (USD MILLION) 120
7.5 HUMAN–MACHINE INTERFACE 121
7.5.1 INCREASING ADOPTION OF IIOT BY MANUFACTURING COMPANIES TO
BOOST DEMAND FOR HMI 121
7.5.2 IMPACT OF COVID-19 ON MARKET FOR HMI 121
TABLE 64 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI,
BY INDUSTRY, 2018–2021 (USD MILLION) 122
TABLE 65 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI,
BY INDUSTRY, 2022–2027 (USD MILLION) 122
TABLE 66 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI,
BY REGION, 2018–2021 (USD MILLION) 123
TABLE 67 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR HMI,
BY REGION, 2022–2027 (USD MILLION) 123
7.6 FUNCTIONAL SAFETY 123
7.6.1 RISING FOCUS OF GOVERNMENT ON IMPOSING STRINGENT SAFETY STANDARDS ACROSS INDUSTRIES ACCELERATES DEMAND FOR
FUNCTIONAL SAFETY SOLUTIONS 123
7.6.2 IMPACT OF COVID-19 ON MARKET FOR FUNCTIONAL SAFETY 124
TABLE 68 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY INDUSTRY, 2018–2021 (USD MILLION) 124
TABLE 69 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY INDUSTRY, 2022–2027 (USD MILLION) 124
TABLE 70 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2018–2021 (USD MILLION) 125
TABLE 71 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2022–2027 (USD MILLION) 125
7.7 MANUFACTURING EXECUTION SYSTEM 125
7.7.1 ACCELERATING NEED FOR EFFICIENT DATA MONITORING AND CONTROL SOFTWARE SOLUTIONS TO SPUR DEMAND FOR MES 125
7.7.2 IMPACT OF COVID-19 ON MARKET FOR MANUFACTURING
EXECUTION SYSTEM 126
TABLE 72 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES,
BY INDUSTRY, 2018–2021 (USD MILLION) 126
TABLE 73 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES,
BY INDUSTRY, 2022–2027 (USD MILLION) 127
TABLE 74 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES,
BY REGION, 2018–2021 (USD MILLION) 127
TABLE 75 PROCESS AUTOMATION AND INSTRUMENTATION MARKET FOR MES,
BY REGION, 2022–2027 (USD MILLION) 127
8 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY 128
8.1 INTRODUCTION 129
FIGURE 35 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY 129
FIGURE 36 OIL & GAS INDUSTRY TO CAPTURE MAJORITY SHARE OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN 2027 130
TABLE 76 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2018–2021 (USD MILLION) 130
TABLE 77 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2022–2027 (USD MILLION) 131
8.2 OIL & GAS 131
8.2.1 ACCELERATED DEPLOYMENT OF AUTOMATION SOLUTIONS IN OIL & GAS SECTOR TO REDUCE RISK OF ACCIDENTS AND ACHIEVE OPTIMUM EQUIPMENT NETWORK PERFORMANCE AUGMENT MARKET GROWTH 131
8.2.2 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY 132
8.3 CHEMICALS 132
8.3.1 INCREASED USE OF PROCESS AUTOMATION PRODUCTS IN CHEMICAL PLANTS TO ENHANCE SAFETY AND IMPROVE EFFICIENCY TO
STIMULATE MARKET GROWTH 132
8.3.2 IMPACT OF COVID-19 ON CHEMICALS INDUSTRY 133
8.4 PULP & PAPER 133
8.4.1 STRINGENT ENVIRONMENTAL REGULATIONS AND CRITICAL NEED TO
REDUCE OPERATING COSTS BOOST ADOPTION OF PROCESS AUTOMATION SOLUTIONS IN PULP & PAPER INDUSTRY 133
8.4.2 IMPACT OF COVID-19 ON PULP & PAPER INDUSTRY 134
8.5 PHARMACEUTICALS 134
8.5.1 RAPID ADOPTION OF PROCESS AUTOMATION SOLUTIONS IN PHARMACEUTICALS INDUSTRY TO IMPROVE PRODUCTION EFFICIENCY AND REDUCE PRODUCTION AND OPERATING COSTS TO SUPPORT
MARKET GROWTH 134
8.5.2 IMPACT OF COVID-19 ON PHARMACEUTICALS INDUSTRY 134
8.6 METALS & MINING 135
8.6.1 HIGH NEED FOR EFFICIENT MONITORING AND CONTROL SOLUTIONS IN MINING OPERATIONS TO BOOST DEMAND FOR PROCESS AUTOMATION AND INSTRUMENTATION SOLUTIONS 135
8.6.2 IMPACT OF COVID-19 ON METALS & MINING INDUSTRY 135
8.7 FOOD & BEVERAGES 135
8.7.1 ESCALATED NEED FOR PROCESS AUTOMATION SOLUTIONS TO IMPROVE PLANT PRODUCTIVITY AND EFFICIENCY WILL PROPEL MARKET
GROWTH FOR F&B INDUSTRY 135
8.7.2 IMPACT OF COVID-19 ON FOOD & BEVERAGES INDUSTRY 136
8.8 ENERGY & POWER 136
8.8.1 ELEVATED DEMAND FOR ELECTRICITY AND STRONG NEED FOR HIGH OPERATIONAL EFFICIENCY TO PUSH MARKET GROWTH 136
8.8.2 IMPACT OF COVID-19 ON ENERGY & POWER INDUSTRY 137
8.9 WATER & WASTEWATER TREATMENT 137
8.9.1 URGENT NEED TO IMPROVE WATER TREATMENT PROCESSES TO SPUR DEMAND FOR PROCESS AUTOMATION AND INSTRUMENTATION SOLUTIONS 137
8.9.2 IMPACT OF COVID-19 ON WATER & WASTEWATER TREATMENT INDUSTRY 137
8.10 OTHERS 138
8.10.1 IMPACT OF COVID-19 ON OTHER INDUSTRIES 138
9 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION 139
9.1 INTRODUCTION 140
FIGURE 37 PROCESS AUTOMATION AND INSTRUMENTATION MARKET,
GEOGRAPHIC ANALYSIS 140
TABLE 78 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2018–2021 (USD MILLION) 140
TABLE 79 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2022–2027 (USD MILLION) 141
FIGURE 38 GEOGRAPHIC SNAPSHOT: PROCESS AUTOMATION AND
INSTRUMENTATION MARKET 141
9.2 NORTH AMERICA 142
9.2.1 IMPACT OF COVID-19 ON MARKET IN NORTH AMERICA 142
FIGURE 39 SNAPSHOT: PROCESS AUTOMATION AND INSTRUMENTATION
MARKET IN NORTH AMERICA 143
FIGURE 40 US TO LEAD NORTH AMERICAN PROCESS AUTOMATION AND INSTRUMENTATION MARKET THROUGHOUT FORECAST PERIOD 143
TABLE 80 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN
NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 144
TABLE 81 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN
NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 144
9.2.2 US 144
9.2.2.1 Increasing adoption of automation solutions in oil & gas, pharmaceuticals, and food & beverages industries drives
market growth in US 144
9.2.3 CANADA 145
9.2.3.1 Growing support offered by Canadian government to small-scale food processing industries to adopt advanced technologies such as machine learning and automation to boost market growth 145
9.2.4 MEXICO 145
9.2.4.1 Rising adoption of Industry 4.0 to provide growth opportunities for process automation and instrumentation market 145
9.3 EUROPE 146
9.3.1 IMPACT OF COVID-19 ON MARKET IN EUROPE 146
FIGURE 41 SNAPSHOT: PROCESS AUTOMATION AND INSTRUMENTATION
MARKET IN EUROPE 147
FIGURE 42 GERMANY TO HOLD LARGEST SHARE OF EUROPEAN PROCESS AUTOMATION AND INSTRUMENTATION MARKET DURING FORECAST PERIOD 147
TABLE 82 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN EUROPE,
BY COUNTRY, 2018–2021 (USD MILLION) 148
TABLE 83 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN EUROPE,
BY COUNTRY, 2022–2027 (USD MILLION) 148
9.3.2 GERMANY 148
9.3.2.1 Declining working-age population and stringent regulatory framework in Germany promote deployment of process automation solutions across process industries 148
9.3.3 UK 149
9.3.3.1 Increasing adoption of IoT across several industries to foster process automation and instrumentation market 149
9.3.4 FRANCE 149
9.3.4.1 Thriving chemical and food processing industries in France fuel demand for process automation and instrumentation solutions 149
9.3.5 REST OF EUROPE 150
9.4 ASIA PACIFIC 150
9.4.1 IMPACT OF COVID-19 ON MARKET IN ASIA PACIFIC 150
FIGURE 43 SNAPSHOT: PROCESS AUTOMATION AND INSTRUMENTATION
MARKET IN ASIA PACIFIC 151
FIGURE 44 CHINA TO ACCOUNT FOR LARGEST SHARE OF PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC DURING FORECAST PERIOD 151
TABLE 84 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION) 152
TABLE 85 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION) 152
9.4.2 CHINA 152
9.4.2.1 Growing demand for SCADA from water & wastewater treatment industry to foster market growth in China 152
9.4.3 JAPAN 153
9.4.3.1 Increasing labor shortage and labor wages to accelerate demand for automation solutions in Japan 153
9.4.4 INDIA 153
9.4.4.1 Supportive government initiatives to fuel adoption of automation solutions across process industries in India 153
9.4.5 REST OF ASIA PACIFIC 154
9.5 ROW 154
9.5.1 IMPACT OF COVID-19 ON MARKET IN ROW 154
FIGURE 45 MIDDLE EAST TO COMMAND PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ROW THROUGHOUT FORECAST PERIOD 154
TABLE 86 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ROW,
BY REGION, 2018–2021 (USD MILLION) 155
TABLE 87 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ROW,
BY REGION, 2022–2027 (USD MILLION) 155
9.5.2 MIDDLE EAST 155
9.5.2.1 Strong oil & gas industry in Middle East drives demand for
process automation solutions 155
TABLE 88 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN MIDDLE EAST, BY COUNTRY, 2018–2021 (USD MILLION) 156
TABLE 89 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN MIDDLE EAST, BY COUNTRY, 2022–2027 (USD MILLION) 156
9.5.3 SOUTH AMERICA 156
9.5.3.1 High demand for automation in oil & gas industry to fuel market growth in South America 156
9.5.4 AFRICA 157
9.5.4.1 Increased use of automation in mining industry to streamline processes provides growth opportunities for process automation and instrumentation market 157
10 COMPETITIVE LANDSCAPE 158
10.1 INTRODUCTION 158
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 158
TABLE 90 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN
PROCESS AUTOMATION AND INSTRUMENTATION MARKET 158
10.3 TOP 5 COMPANY REVENUE ANALYSIS 160
FIGURE 46 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
REVENUE ANALYSIS OF TOP 5 PLAYERS, 2016–2020 160
10.4 MARKET SHARE ANALYSIS, 2021 161
TABLE 91 DCS MARKET: MARKET SHARE ANALYSIS (2021) 161
TABLE 92 MES MARKET: MARKET SHARE ANALYSIS (2021) 161
TABLE 93 SCADA MARKET: MARKET SHARE ANALYSIS (2021) 162
10.5 COMPANY EVALUATION QUADRANT, 2021 163
10.5.1 STAR 163
10.5.2 EMERGING LEADER 163
10.5.3 PERVASIVE 163
10.5.4 PARTICIPANT 163
FIGURE 47 SCADA MARKET: COMPANY EVALUATION QUADRANT, 2021 164
10.6 SMALL AND MEDIUM ENTERPRISES (SMES) EVALUATION QUADRANT, 2021 164
10.6.1 PROGRESSIVE COMPANY 164
10.6.2 RESPONSIVE COMPANY 164
10.6.3 DYNAMIC COMPANY 165
10.6.4 STARTING BLOCK 165
FIGURE 48 SCADA MARKET, SME EVALUATION QUADRANT, 2021 165
10.7 PROCESS AUTOMATION AND INSTRUMENTATION MARKET: COMPANY FOOTPRINT 166
TABLE 94 COMPANY FOOTPRINT 166
FIGURE 49 INDUSTRY: COMPANY FOOTPRINT 168
TABLE 95 REGIONAL: COMPANY FOOTPRINT 169
FIGURE 50 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
DETAILED LIST OF KEY STARTUPS/SMES 170
FIGURE 51 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 170
10.8 COMPETITIVE SITUATIONS AND TRENDS 171
10.8.1 PROCESS AUTOMATION AND INSTRUMENTATION MARKET:
PRODUCT LAUNCHES 171
10.8.2 PROCESS AUTOMATION AND INSTRUMENTATION MARKET: DEALS 175
11 COMPANY PROFILES 183
11.1 KEY PLAYERS 183
(Business Overview, Products Offered, Recent Developments, and MnM View)*
11.1.1 ABB LTD. 183
TABLE 96 ABB LTD: BUSINESS OVERVIEW 183
FIGURE 52 ABB LTD: COMPANY SNAPSHOT 184
TABLE 97 ABB LTD: PRODUCT OFFERINGS 184
TABLE 98 ABB LTD: PRODUCT LAUNCHES 185
11.1.2 EMERSON ELECTRIC CO. 186
TABLE 99 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW 186
FIGURE 53 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 187
TABLE 100 EMERSON ELECTRIC CO.: PRODUCT OFFERINGS 187
TABLE 101 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES 188
TABLE 102 EMERSON ELECTRIC CO.: DEALS 189
11.1.3 SIEMENS 191
TABLE 103 SIEMENS: BUSINESS OVERVIEW 191
FIGURE 54 SIEMENS: COMPANY SNAPSHOT 192
TABLE 104 SIEMENS: PRODUCT OFFERINGS 193
TABLE 105 SIEMENS: PRODUCT LAUNCHES 193
TABLE 106 SIEMENS: DEALS 194
11.1.4 GENERAL ELECTRIC COMPANY 196
TABLE 107 GENERAL ELECTRIC COMPANY: BUSINESS OVERVIEW 196
FIGURE 55 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 197
TABLE 108 GENERAL ELECTRIC COMPANY: PRODUCT OFFERING 197
TABLE 109 GENERAL ELECTRIC COMPANY: PRODUCT LAUNCHES 198
TABLE 110 GENERAL ELECTRIC COMPANY: DEALS 199
11.1.5 SCHNEIDER ELECTRIC 201
TABLE 111 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 201
FIGURE 56 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 202
TABLE 112 SCHNEIDER ELECTRIC: PRODUCT OFFERING 202
TABLE 113 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 203
TABLE 114 SCHNEIDER ELECTRIC: DEALS 204
TABLE 115 SCHNEIDER ELECTRIC: OTHERS 204
11.1.6 HONEYWELL INTERNATIONAL INC. 206
TABLE 116 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW 206
FIGURE 57 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 207
TABLE 117 HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS 207
TABLE 118 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES 208
TABLE 119 HONEYWELL INTERNATIONAL INC.: DEALS 208
TABLE 120 HONEYWELL INTERNATIONAL INC.: OTHERS 209
11.1.7 ROCKWELL AUTOMATION, INC. 210
TABLE 121 ROCKWELL AUTOMATION, INC.: BUSINESS OVERVIEW 210
FIGURE 58 ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT 211
TABLE 122 ROCKWELL AUTOMATION, INC.: PRODUCT OFFERINGS 211
TABLE 123 ROCKWELL AUTOMATION, INC.: PRODUCT LAUNCHES 212
TABLE 124 ROCKWELL AUTOMATION INC.: DEALS 213
11.1.8 YOKOGAWA ELECTRIC CORPORATION 214
TABLE 125 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW 214
FIGURE 59 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 215
TABLE 126 YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERING 216
TABLE 127 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES 216
TABLE 128 YOKOGAWA ELECTRIC CORPORATION: DEALS 217
11.1.9 MITSUBISHI ELECTRIC CORPORATION 218
TABLE 129 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW 218
FIGURE 60 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 219
TABLE 130 MITSUBISHI ELECTRIC CORPORATION: PRODUCT OFFERINGS 220
TABLE 131 MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES 220
TABLE 132 MITSUBISHI ELECTRIC CORPORATION: DEALS 221
11.1.10 ENDRESS+HAUSER GROUP SERVICES AG 222
TABLE 133 ENDRESS+HAUSER GROUP SERVICES AG: BUSINESS OVERVIEW 222
FIGURE 61 ENDRESS+HAUSER GROUP SERVICES AG: COMPANY SNAPSHOT 223
TABLE 134 ENDRESS+HAUSER GROUP SERVICES AG: PRODUCT OFFERINGS 223
TABLE 135 ENDRESS+HAUSER GROUP SERVICES AG: PRODUCT LAUNCHES 224
TABLE 136 ENDRESS+HAUSER GROUP SERVICES AG: DEALS 224
11.1.11 OMRON CORPORATION 225
TABLE 137 OMRON CORPORATION: BUSINESS OVERVIEW 225
FIGURE 62 OMRON CORPORATION: COMPANY SNAPSHOT 226
TABLE 138 OMRON CORPORATION: PRODUCT OFFERINGS 226
TABLE 139 OMRON CORPORATION: PRODUCT LAUNCHES 227
TABLE 140 OMRON CORPORATION: DEALS 227
11.1.12 THERMO FISHER SCIENTIFIC INC. 228
TABLE 141 THERMO FISCHER SCIENTIFIC INC.: BUSINESS OVERVIEW 228
FIGURE 63 THERMO FISCHER SCIENTIFIC INC.: COMPANY SNAPSHOT 229
TABLE 142 THERMO FISHER SCIENTIFIC INC.: PRODUCT OFFERINGS 229
TABLE 143 THERMO FISHER SCIENTIFIC INC.: PRODUCT LAUNCHES 230
TABLE 144 THERMO FISHER INC.: DEALS 230
11.1.13 FUJI ELECTRIC CO., LTD. 231
TABLE 145 FUJI ELECTRIC CO., LTD.: BUSINESS OVERVIEW 231
FIGURE 64 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT 232
TABLE 146 FUJI ELECTRIC CO., LTD.: PRODUCT OFFERINGS 232
TABLE 147 FUJI ELECTRIC CO., LTD.: PRODUCT LAUNCHES 233
TABLE 148 FUJI ELECTRIC CO., LTD.: DEALS 233
11.1.14 HITACHI, LTD. 234
TABLE 149 HITACHI, LTD.: BUSINESS OVERVIEW 234
FIGURE 65 HITACHI, LTD.: COMPANY SNAPSHOT 235
TABLE 150 HITACHI, LTD.: PRODUCT OFFERINGS 235
TABLE 151 HITACHI, LTD.: PRODUCT LAUNCHES 236
TABLE 152 HITACHI, LTD.: DEALS 236
11.1.15 DELTA ELECTRONICS, INC. 237
TABLE 153 DELTA ELECTRONICS, INC.: BUSINESS OVERVIEW 237
FIGURE 66 DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT 238
TABLE 154 DELTA ELECTRONICS, INC.: PRODUCT OFFERINGS 238
TABLE 155 DELTA ELECTRONICS, INC.: PRODUCT LAUNCHES 239
TABLE 156 DELTA ELECTRONICS, INC.: DEALS 239
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS 240
11.2.1 HOLLYSYS 240
TABLE 157 HOLLYSYS: COMPANY OVERVIEW 240
11.2.2 WIKA ALEXANDER WIEGAND SE & CO. KG 241
TABLE 158 WIKA ALEXANDER WIEGAND SE & CO. KG: COMPANY OVERVIEW 241
11.2.3 AZBIL CORPORATION 242
TABLE 159 AZBIL CORPORATION: COMPANY OVERVIEW 242
11.2.4 XYLEM 243
TABLE 160 XYLEM: COMPANY OVERVIEW 243
11.2.5 HACH CORPORATION 244
TABLE 161 HACH CORPORATION: COMPANY OVERVIEW 244
11.2.6 SHIMADZU CORPORATION 245
TABLE 162 SHIMADZU CORPORATION: COMPANY OVERVIEW 245
11.2.7 HIMA PAUL HILDEBRANDT GMBH 246
TABLE 163 HIMA PAUL HILDEBRANDT GMBH: COMPANY OVERVIEW 246
11.2.8 AMETEK, INC. 247
TABLE 164 AMETEK, INC.: COMPANY OVERVIEW 247
11.2.9 CHRISTIAN BÜRKERT GMBH & CO. KG 248
TABLE 165 CHRISTIAN BÜRKERT GMBH & CO. KG: COMPANY OVERVIEW 248
11.2.10 KROHNE MESSTECHNIK GMBH 248
TABLE 166 KROHNE MESSTECHNIK GMBH: COMPANY OVERVIEW 248
11.2.11 DWYER INSTRUMENTS, INC. 249
TABLE 167 DWYER INSTRUMENTS, INC.: COMPANY OVERVIEW 249
11.2.12 ANDRITZ AG 250
TABLE 168 ANDRITZ AG: COMPANY OVERVIEW 250
11.2.13 VALMET 251
TABLE 169 VALMET: COMPANY OVERVIEW 251
11.2.14 SPRECHER AUTOMATION GMBH 251
TABLE 170 SPRECHER AUTOMATION GMBH: COMPANY OVERVIEW 251
11.2.15 INDUCTIVE AUTOMATION, LLC 252
TABLE 171 INDUCTIVE AUTOMATION, LLC: COMPANY OVERVIEW 252
12 ADJACENT & RELATED MARKETS 253
12.1 INTRODUCTION 253
12.2 LIMITATIONS 254
12.3 RFID MARKET 254
12.3.1 INTRODUCTION 254
FIGURE 67 RFID TAG MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR
DURING FORECAST PERIOD 254
TABLE 172 RFID TAG MARKET, BY REGION, 2017–2020 (USD BILLION) 255
TABLE 173 RFID TAG MARKET, BY REGION, 2021–2026 (USD BILLION) 255
12.3.2 AMERICAS 255
FIGURE 68 SNAPSHOT: RFID TAG MARKET IN AMERICAS 256
TABLE 174 AMERICAS: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 257
TABLE 175 AMERICAS: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 257
TABLE 176 AMERICAS: RFID TAG MARKET, BY COUNTRY/REGION,
2017–2020 (USD MILLION) 258
TABLE 177 AMERICAS: RFID TAG MARKET, BY COUNTRY/REGION,
2021–2026 (USD MILLION) 258
12.3.2.1 US 259
12.3.2.1.1 US accounted for largest share of RFID tag market in Americas in 2020 259
12.3.2.2 Canada 259
12.3.2.2.1 Healthcare sector to generate growth opportunities for
RFID solutions in Canada 259
12.3.2.3 Mexico 260
12.3.2.3.1 RFID market in Mexico is expected to witness
significant growth 260
12.3.2.4 Brazil 260
12.3.2.4.1 Brazil to emerge as key contributor to RFID
market in Americas 260
12.3.2.5 Rest of Americas 260
12.3.2.6 Impact of COVID-19 on Americas 261
12.3.2.6.1 High demand for RFID solutions in various service- and manufacturing-oriented industries during COVID-19 pandemic to boost market growth 261
FIGURE 69 AMERICAS: PRE- AND POST-COVID-19 MARKET SCENARIOS FOR RFID TAGS, 2017–2026 (USD BILLION) 261
TABLE 178 AMERICAS: PRE- AND POST-COVID-19 MARKET SCENARIOS FOR RFID TAGS, 2017–2026 (USD BILLION) 261
12.3.3 EUROPE, MIDDLE EAST, AND AFRICA (EMEA) 262
FIGURE 70 SNAPSHOT: RFID TAG MARKET IN EMEA 263
TABLE 179 EMEA: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 264
TABLE 180 EMEA: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 264
TABLE 181 EMEA: RFID TAG MARKET, BY COUNTRY/REGION,
2017–2020 (USD MILLION) 265
TABLE 182 EMEA: RFID TAG MARKET, BY COUNTRY/REGION,
2021–2026 (USD MILLION) 265
12.3.3.1 Germany 266
12.3.3.1.1 Germany to account for largest share of RFID tag
market in EMEA 266
12.3.3.2 UK 266
12.3.3.2.1 Increasing government regulations in UK would
boost RFID tag market 266
12.3.3.3 France 267
12.3.3.3.1 Aerospace is most prominent growth sector for
RFID market in France 267
12.3.3.4 Italy 267
12.3.3.4.1 Need for effective assets management would drive Italian RFID market 267
12.3.3.5 Russia 267
12.3.3.5.1 Energy, oil & gas, and aviation industries are expected to drive Russian RFID market 267
12.3.4 REST OF EMEA 268
12.3.4.1 Impact of COVID-19 on EMEA 268
12.3.4.1.1 Declining demand from automobiles and aerospace applications is expected to restrain growth of RFID tag market in EMEA 268
FIGURE 71 EMEA: PRE- AND POST-COVID-19 MARKET SCENARIOS FOR RFID TAGS, 2017–2026 (USD BILLION) 269
TABLE 183 EMEA: PRE- AND POST-COVID-19 MARKET SCENARIOS FOR RFID TAGS, 2017–2026 (USD BILLION) 269
12.3.5 ASIA PACIFIC (APAC) 270
FIGURE 72 SNAPSHOT: RFID TAG MARKET IN APAC 271
TABLE 184 APAC: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 272
TABLE 185 APAC: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 272
TABLE 186 APAC: RFID TAG MARKET, BY COUNTRY/REGION, 2017–2020 (USD MILLION) 273
TABLE 187 APAC: RFID TAG MARKET, BY COUNTRY/REGION, 2021–2026 (USD MILLION) 273
12.3.5.1 Japan 274
12.3.5.1.1 Healthcare sector to offer growth opportunities to
RFID market in Japan due to aging population 274
12.3.5.2 China 274
12.3.5.2.1 China to account for largest share of RFID market in
APAC during forecast period 274
12.3.5.3 South Korea 275
12.3.5.3.1 Electronics manufacturing industry to largely adopt
RFID solutions 275
12.3.5.4 India 275
12.3.5.4.1 Manufacturing and healthcare industries in India to drive growth of RFID market 275
12.3.5.5 Australia 275
12.3.5.5.1 Sports and entertainment industries providing growth avenues for RFID market in Australia 275
12.3.5.6 Rest of APAC 276
12.3.5.7 Impact of COVID-19 on APAC 276
12.3.5.7.1 Increasing demand for industrial automation, supply chain automation, and service industry automation in region could improve demand for RFID solutions 276
FIGURE 73 APAC: PRE- AND POST-COVID-19 SCENARIOS FOR RFID TAG MARKET,
2017–2026 (USD BILLION) 277
TABLE 188 APAC: PRE- AND POST-COVID-19 SCENARIOS FOR RFID TAG MARKET,
2017–2026 (USD BILLION) 277
13 APPENDIX 278
13.1 INSIGHTS OF INDUSTRY EXPERTS 278
13.2 DISCUSSION GUIDE 279
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 283
13.4 AVAILABLE CUSTOMIZATIONS 285
13.5 RELATED REPORTS 285
13.6 AUTHOR DETAILS 286