Zion Market Research Automation And Instrumentation Market, 2015 - 2021 | Page 3

Automation And Instrumentation Market
The process industries are having a great demand for automation which is one of the major
factors boosting the growth of the automation instrumentation market. Lack of effective product
differentiation may hamper the growth of the market; for example, various automation
instrument retailers are facing augmented competition from regional and local vendors due to
lack of effective product differentiation. As a solution to this problem and to meet the needs of
the clients, retailers have started to use customized automation solutions. Another benefit is
that these things are offered to them at a competitive price. Hence, different industries like oil,
gas, and petrochemical are moving to use automation instruments to improve their operational
efficiency.
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The automation and instrumentation market is segmented based on process stages, equipment,
technology, end-use industry, and technique. Based on the type of process stages, the market is
segmented as the collection, distribution, and treatment. On the basis of technique, the global
market is segmented as the operating system, programmable, processor, and network
instrumentation. Based on the end-use industry, the global market is segmented as refining
chemicals industry, electric utilities, oil & gas, metals, mining, others.
Asia Pacific is anticipated to witness considerable growth owing to upstream end-use industries
in countries such as Brazil, Russia, India, and China. Moreover, high demand from these
countries also impacts the growth of the market in an appositive way.
Some of the key players in the global automation and instrumentation market include Emerson
Electric Co., BB Ltd., Yokogawa Electric Corp., and Honeywell International Inc. Other major