Global Process Automation Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
May. 17, 2018
DUBLIN--(BUSINESS WIRE)--May 17, 2018--The "Global Process Automation Market - Segmented by Technology (SCADA, PLC, DCS), Type of Offering, Communication Protocol, End User, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global process automation market was valued at USD 108.43 billion in 2017 and is expected to reach a value of USD 165.87 billion by 2023 at a CAGR of 7.16% over the forecast period of 2018-2023.
The developments in wireless technology have opened up new avenues for this market with improved quality and increase in production, which is further expected to fuel the demand for automation in the country. With technologies like DCS, PLC, SCADA, and MES, automation equipment has become more sophisticated, performing more complex actions at a low operating cost. Also, coupled with the advances in sensor technology, these technologies have started the era of smart manufacturing, resulting in business process improvement.
Brazil's industries account for one-third of its GDP and include consumer durables, steel and petrochemicals, aircraft, and computers. Most large industries in the country are in the southern and south-eastern regions. Brazil experienced rapid economic growth in the immediate aftermath of the 2008 global recession. Thus, Brazil hopes to leverage the gains of robotics, both as a manufacturer and user. According to International Federation of Robotics, Brazilian robotics imports have increased at an annual rate of 5.3% between 2012-2016.
Companies MentionedABB Ltd. Dassault Systems Eaton Corporation Emerson Electric Co. Honeywell International Inc. Johnson Controls Inc. Mitsubishi Corporation Robert Bosch GmBH Rockwell Automation Inc. Schneider Electric SE Siemens Corporatio
Key Topics Covered:
2. Research Methodology
3. Market Analysis
4. Market Dynamics
5. Industry Policies
6. Technology Snapshot
7. Global Process Automation Market Segmentation
8. Competitive Intelligence
9. Investment Analysis
10. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/kfkkrx/global_process?w=4
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Related Topics:Industrial Automation
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SOFTWARE
SOURCE: Research and Markets
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PUB: 05/17/2018 06:58 AM/DISC: 05/17/2018 06:58 AM