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Exclusive Report on Process Automation Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024
The “Process Automation Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Process Automation market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Process Automation market report also offers market competitors that includes detailed company profiles along with company product specifications.
Market Overview:
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In Process Automation Market Report, Following Companies Are Covered:
Process Automation Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.
Scope of the Report:
Reasons for Buying Process Automation Market Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a five-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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Key Market Trends:
Paper and Pulp Segment is expected to register a Significant Growth
The numerous processes in the paper and pulp industry requires the raw materials pass through a lot of process with close monitoring of temperature and chemical content and the process automation allows to achieve the same from one location through the process automation.The paper and related products have seen an increase in the past five years and the demand is expected to show similar trends with the increase in demand from Asian, North American, and European regions over the forecast period. All these regions are expected to further drive the demand in the paper and pulp industry for increased process adoption.
Process automation is also considered as primary level of automation, which allows the collection of data continuously and real time basis, this enables the industry to further use these systems for data visualization and predictive plant maintenance.The paper and pulp industry involves a number of steps for the conversion of wood into paper. Activities, such as wood preparation, bleaching, chemical recovery required high utilization of raw material, which can be better controlled, as automation helps in the efficient conversion of raw materials..
The production in the industry is also facing shortage, due to the presence of bottlenecks in production. A typical manual operator is the main bottleneck, which allows only about 60 rolls per hour of production, which can be improved by process automation and drive the growth over forecast period.
North America is Expected to have Highest Market Share
US manufacturing sector is the second-largest in the world, with a manufacturing value added (MVA) of nearly USD 2 trillion in 2016, representing close to 16% of global MVA and 12% of the country’s GDP.The United States is renowned for its innovation capabilities, and is at the forefront of prominent developments surrounding the emerging technologies of the Fourth Industrial Revolution.
According to WTO, the country’s share in global manufacturing value has declined over decades, from 29% in the early 1980s to 18.6% in 2015, with slower output growth than China, South Korea, Germany, and Mexico. Thus, the country is likely to turn toward process automation and smart manufacturing technologies, to enhance its production capabilities.
The formation of the Advanced Manufacturing Partnership (AMP) is an initiative undertaken to make the automotive industry, universities, and the federal government to invest in the emerging technologies.This has substantially helped the country in gaining a competitive edge in the global economy. The National Network for Manufacturing Innovation (NNMI), which consists of developing regional hubs, is likely to be involved in developing and adopting cutting-edge manufacturing technologies for making innovative products, to be implemented in the manufacturing sector.
The Research Document Will Answer Following Questions Such as:
- What are the cutting-edge technologies responsible for driving the growth of the market?
- What are the main applications of the market? What are the growth prospects to the market applications into the market?
- At what stage of development are the key market products?
- What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
- What is the outlook for the industry?
- What difference does performance characteristics of Process Automation create from those of established entities?
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Detailed TOC of Process Automation Market Report 2019-2024:
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Adoption of Robotics
4.3.2 Increased Focus on Manufacturing in Developing Economies
4.4 Market Restraints
4.4.1 Lack Of Skilled Workforce, Connectivity, and Security Concerns Regarding the Full Fledged Adoption of Automation
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Communication Protocol
5.1.1 Wired Protocol
5.1.2 Wireless Protocol
5.2 By Technology
5.2.1 Supervisory Control and Data Acquisition (SCADA)
5.2.2 Programmable Logic Controller (PLC)
5.2.3 Distributed Control System (DCS)
5.2.4 Machine Execution System (MES)
5.2.5 Product Lifecycle Management (PLM)
5.2.6 Enterprise Resource Planning (ERP)
5.2.7 Human Machine Interface (HMI)
5.2.8 Other Technologies
5.3 By Offering
5.3.1 Hardware
5.3.2 Software
5.3.3 Services
5.4 End-User Industry
5.4.1 Chemical and Petrochemical
5.4.2 Paper and Pulp
5.4.3 Water and Wastewater Treatment
5.4.4 Energy and Utilities
5.4.5 Oil and Gas
5.4.6 Pharmaceutical
5.4.7 Food and Beverages
5.4.8 Other End User Industries
5.5 Geography
5.5.1 North America
5.5.1.1 US
5.5.1.2 Canada
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 UK
5.5.2.3 France
5.5.2.4 Rest of Europe
5.5.3 Asia Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Rest of Asia-Pacific
5.5.4 Latin America
5.5.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Dassault Systemes SE
6.1.2 ABB Ltd
6.1.3 Eaton Corporation
6.1.4 Emerson Electric Co
6.1.5 Honeywell International Inc
6.1.6 Johnson Controls, Inc.
6.1.7 Mitsubishi Corporation
6.1.8 Robert Bosch GmBH
6.1.9 Rockwell Automation, Inc.
6.1.10 Schneider Electric SE
6.1.11 Siemens Corporation
6.1.12 Texas Instruments, Inc.
6.1.13 Yokogawa Electric Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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