Process Automation & Instrumentation Market by Instrument, Solution, Industry | COVID-19 Impact Analysis | MarketsandMar

1. Key Revenue Pocket - Process Automation & Instrumentation Market The process automation and instrumentation market is expected to be worth USD 67.4 billion in 2020 and is projected to reach USD 76.8 billion by 2025, at a CAGR of 2.6%. The factors that are driving the growth of the market include importance of energy efficiency and cost reduction, IIoT for enhancing the digitalization in process automation, and emphasis on industrial automation and optimum utilization of resources. The process automation and instrumentation market is becoming increasingly important due to the need for automated solutions for carrying out processes in industries such as food & beverages, pharmaceuticals, energy & power, metals & mining, oil & gas, pharmaceuticals, pulp & paper, water & wastewater, and others. Growing demand for process automated solutions, need for increased production and efficiency, and requirement for real- time measurement and control of process variables to maximize profitability while ensuring quality and safety are the factors driving the need for process automation and instrumentation solutions. The process automation and instrumentation market for the pharmaceuticals industry is expected to grow at the highest CAGR from 2020 to 2025. Increasing competition in the industry and legistations related to this industry, growing importance of providing precision measuring equipment to provide accurate dosage of medicine, rising need for process automation solutions in various processess such as manufacturing, testing, drug development, packaging and distrubution are likely to propel the growth of process automation and instrumentation solutions in the pharmaceutical industry. Moreover, the involvement of complex manufacturing processes such as milling, granulation, coating, tablet pressing in pharmaceutical companies propel the need for process automation solutions, which, in turn, drive the growth of the process automation and instrumentation market. The pharmaceuticals industry is the most active sector in the current market situation. Though this industry is not expected to have any negative impact on COVID-19, it will face a moderate effect of this virus outbreak. The majority of active pharmaceutical ingredients (API) and generics are developed in China and India. As both these countries are currently limiting production and avoiding exports owing to the situation, it has resulted in severe disruption in the supply chain, affecting the production of pharmaceuticals in these countries The market for HMI is expected to grow at the highest CAGR from 2020 to 2025. The role of HMI is to deliver information to operators, allowing them to run and maintain machines or processes, and optimize the running of the equipment. The level of interaction has increased exponentially with the advent of graphical displays and supporting interface software. An HMI system is integrated with SCADA (to acquire data) or PLCs (to control the machines). HMI helps process industries to closely monitor the production process and quickly respond to changing production demands to improve operational efficiency and decrease unplanned downtime. The market for control valves is expected to grow at the highest CAGR from 2020 to 2025. The rising demand for energy and increasing government initiatives pertaining to flow control projects such as gas pipelines and water distribution is positively impacting the growth of control valves. Further, the need for direct control of flow rate and the consequential control of process quantities such as pressure, temperature, and liquid level are the factors driving the control valves market. Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1172 The process automation and instrumentation market in APAC is expected to grow at the highest CAGR from 2020 to 2025. The growing demand for oil & gas and food & beverages in APAC due to growing needs of increasing population and increased industrialization in this region are the major factors driving the said market in APAC. The process automation and instrumentation market in APAC has been studied for China, Japan, India, and the Rest of APAC, however, in the section below, the detailed analysis of the market in China, Japan, and India has been

2. provided. Rapid industrialization in APAC has boosted the manufacturing sector in APAC. The countries of APAC considered in this study have the presence of a large number of small- and mid-sized enterprises (SMEs). However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighboring countries are linked to one another through trade relations and supply chain, the entire region is affected by the outbreak of COVID-19. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441