LATIN AMERICA PROCESS AUTOMATION AND INSTRUMENTATION MARKET FORECAST 2018-2026

LATIN AMERICA PROCESS AUTOMATION AND INSTRUMENTATION MARKET FORECAST 2018-2026

  • March 2018 •
  • 76 pages •
  • Report ID: 4753168 •
  • Format: PDF
KEY FINDINGS
The Latin America process automation and instrumentation market is expected to grow at a CAGR of 5.79% during the forecasting years. The base year considered for the analysis of the market is 2017. The forecasting years are from 2018 to 2026. Less cost compared to U.S and Europe, increasing advancement in the automotive producers, and government support is augmenting the market growth in the region.

MARKET INSIGHTS
The Latin America region encompasses countries like Argentina, Mexico, Brazil, and rest of Latin America.Brazil and Mexico are the two key contributors to the process automation and instrumentation market in Latin America region.

Growing food market and increased demand for processed food is the major reason for the growth of the market in Brazil and Mexico.

COMPETITIVE INSIGHTS
Prominent players in the region are Danaher Corporation, Emerson Electric Company, Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric, ABB LTD., Honeywell International Inc., General Electric Corporation (Ge), Siemens Ag, and Texas Instruments.