ASIA PACIFIC PROCESS AUTOMATION AND INSTRUMENTATION MARKET FORECAST 2018-2026

ASIA PACIFIC PROCESS AUTOMATION AND INSTRUMENTATION MARKET FORECAST 2018-2026

  • March 2018 •
  • 89 pages •
  • Report ID: 5356003
KEY FINDINGS
The Asia Pacific process automation and instrumentation market is projected to evolve at a CAGR of 6.93% during the forecasting years of 2018-2026. Reduction in production time, higher volume production, and less human error are the factors increasing the adoption of process automation and instrumentation in the region.

MARKET INSIGHTS
The Asia Pacific region consists a large number of countries with each developing at a different level.Oil & natural gas, mining, electronics and food processing, manufacturing, automobiles, semiconductors, pharmaceuticals, tobacco & beverage, construction are some of the major industries that are increasing the demand for process automation and instrumentation market in the Asia-Pacific region.

India and China are the leading countries in the Asia Pacific process automation and instrumentation market.The growth in these countries is majorly attributed to the developing production sector.

Some the other countries analyzed in the region are Japan and rest of APAC.

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