LONDON, March 21, 2017 /PRNewswire/ -- Automation is a technology of enabling systems to function or carry out task and making simple decisions with reduced human intervention. Process automation is a type of industrial automation facilitating computer integrated manufacturing technique for production processes. The system acquires several operating data through sensors, analyzes it and via control algorithm utilizes that data, to actuate several units through a microprocessor or microcontroller.
Process automation has been penetrating various industries due to features such as elevated reliability, safety, production rate and so on, over the conventional process with maximum human intervention. Industry4.0 is the next phase of industrial modernization assimilating industrial Internet of Things and cyber-physical system based technologies. This is throttling the market of process automation in its growth stage paving way to the stronghold position in future market.
The process automation market is segmented with respect to several parameters including Model Analysis, Valve, Actuator & Positioner Analysis and End-User Industries. Model analysis gives a comprehensive exposure of the process automation market based on Software Systems, Instrumentation & Controls, Switches, Controllers, I/O Cards and Services. The various sensing and actuating and control units employed in it, is studied by verticals including: Positioners, Actuators and Valves. Further, the process automation market is scrutinized through end-user industry spectrum including Food & Beverage, Automotive, Petrochemical, Oil & Gas, Chemical, Pharmaceutical, Water Treatment, Packaging, Paper & Pulp and other niche verticals.
Process Automation Market
The process automation market is thoroughly studied in accordance to the regions including: North America, South America, Europe, Asia Pacific and Rest of the World. With the increase in global aging population employed across various industries, reliability of processes and safety becomes an alerting concern. Thereby, adoption of process automation is increasing to reduce human intervention and mitigate the safety concerns.
A few major companies catering to this market include:
- ABB Ltd. (Switzerland),
- Rockwell Automation, Inc. (U.S),
- Siemens AG (Germany),
- Honeywell International Inc. (U.S),
- Schneider Electric SE (France)and so on.
The research methodology includes the thorough segmentations of the market based on various verticals. Further the market revenue and volume of various modules, sensing and actuating units were collected based on regions and various industries dominant in respective regions. The final data so collected was verified by KOLs of various process automation system manufacturers, component distributors and suppliers and regulatory bodies. The associations so considered for data collection and validation includes The International Society of Automation, Measurement, Control & Automation Association, NAMUR, Process Automation Users' Association and so on.
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