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Process Automation & Instrumentation will Make Huge a Impact in Near Future worth 88.92 Billion USD by 2023

The process automation & instrumentation market growth can be attributed to the rising emphasis on regulatory compliance in process industries, increasing adoption of IoT across various industries, shift in production approach from conventional practices to digitalized methods, growing labor wages in major manufacturing hubs, and rising demand for proactive solutions that can determine failures at component level, among others.

Field instruments assist in managing plant assets, enhancing plant safety, and optimizing overall production processes through data acquisition, control, and measurement. These instruments play a pivotal role in the measurement and control of process parameters in process industries. Market players are focusing on developing new products to cater to the growing demand for these instruments from process industries.

♦Process Automation & Instrumentation Market, by Instrument:

♦Field Instrument
-Pressure
-Temperature
-Level
-Humidity
♦Control Valve
-Valve Body
-Actuator
♦Analyzer
-pH Analyzer
-Conductivity Analyzer
-Gas Chromatograph
-Liquid Chromatograph

♦Process Automation & Instrumentation Market, By End-User Industry

-Chemicals
-Energy & Power
-Food & Beverages
-Metals & Mining
-Oil & Gas
-Pharmaceuticals
-Pulp & Paper
-Water & Wastewater
Some of the major players operating in the process automation & instrumentation market include ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International, Inc. (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), and Metso Corporation (Finland).