The Global Process Automation market is valued at USD 100.14 billion in 2016 and is expected to reach a value of USD 161.3 billion by the end of 2022 , growing at a projected CAGR of 8.27 % during the forecast period of 2017 – 2022 . The process of automation has become an important part of modern manufacturing and industrial processes . It helps enterprises to realize highquality products at profitable prices and also aids in developing superior technologies to reduce operational constraints . The companies all over the world are automating their processes with the help of different technologies like SCADA , DCS , MES and PLC . The demand for these technologies is growing steadily and many vendors are manufacturing solutions to help enterprises achieve efficiency in their manufacturing processes .
Request for Sample Copy of Global Process Automation Market Report @ http :// www . orbisresearch . com / contacts / request-sample / 220573
Drivers : 1 . Government incentives for the manufacturing industry 2 . Environmental regulations and safety standards to maintain 3 . The cost of solutions has been reducing consistently and increase in labor market wages
Restraints : 1 . The economic activity still has to pick up in several countries owing to the global recession of 2008 . 2 . The market has reached a stagnant position in several developed countries . Vendors have to look out for new avenues for their products . 3 . Some of the key vendors in the process automation market are ABB , Siemens , Schneider
Electric , Honeywell and Rockwell Automation .
Browse The Complete Report @ http :// www . orbisresearch . com / reports / index / globalprocess-automation-market-by-technology-scada-plc-dcs-mes-protocol-wired-wirelesssolutions-hardware-software-services-industry-geography-trends-forecast-2017-2022
SPECIALITIES OF THIS REPORT : The report will be useful in gaining an exhaustive understanding of the regional market . It will also be of assistance in providing a comprehensive analysis of the major trends , innovations and associated prospects for market growth over the coming half of the decade .
The report will be an ideal source of material for industry consultants , manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the
2