Report forecast the automation and
instrumentation market in chemical and petrochemical industry in Europe to grow
at a CAGR of 6.55% over the period 2014-2019.
Automation and instrumentation
solutions consist of automation solutions such as DCS, MES, PLC, SCADA, and
APC, which help companies optimize their business operations by effectively
controlling the production processes. The automation instruments include
control valve, temperature transmitter, level transmitter, flow transmitter,
and pressure transmitter, which help in improving the operational efficiency of
an organization. The automation and instrumentation products are used in
various discrete and process industries including oil and gas, chemical,
refining, power, petrochemical, textile, automotive, and pharmaceutical
industries. Effective deployment of these solutions will help reduce the
downtime and optimize the overall operational cost of the organization.
The automation and instrumentation
market in chemical and petrochemical industry in Europe can be segmented into
two segments: industrial automation consisting of DCS, PLC, SCADA, and others;
and automation instrumentation consisting of control valves, flow meters, and
transmitters.
According to the report, increased
intra-European trade is one of the major drivers of the market. The removal of
trade barriers within European countries has increased trade and has also
helped in the growth of intra-European chemical sales, which now occupies more
than half of the sales of the total chemical market in Europe.
Further, the report states that
high costs associated with chemical industry is one of the key challenges that
the market faces. The chemical industry in Europe is affected by rising costs
of operations, labor and raw materials, and is failing to attract major
investments. The cost of labor has increased significantly over the years.
Automation and Instrumentation
Market in Chemical and Petrochemical Industry in Europe, has been prepared based on an in-depth market analysis with inputs
from industry experts. The report covers the market landscape and its growth
prospects in the coming years. The report also includes a discussion of the key
vendors operating in this market.
key players in the automation and
instrumentation market in chemical and petrochemical industry in Europe: ABB
Ltd., Emerson Electric Co., Honeywell International Inc., Rockwell Automation
Inc. Siemens AG and Yokogawa Electric Corp.
Other Prominent Vendors in the
market are: Applied Material, Aspen Technologies, Dassault Systèmes, FMC
Technologies, GE, Metso, Miracom, Valmet, Mitsubishi Heavy Industries, Toshiba
International, Schneider Electric, Omron, SAP and Werum Software & Systems
Market Driver
- Increased Intra-European Trade
- For a full, detailed list, view
our report
Market Challenge
- High Dominance of APAC
- For a full, detailed list, view
our report
Market Trend
- Increased Number of Automation
Solution Offerings
- For a full, detailed list, view
our report
Key Questions Answered in this
Report
- What will the market size be in
2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to
market growth?
- Who are the key vendors in this
market space?
- What are the market
opportunities and threats faced by the key vendors?
- What are the strengths and
weaknesses of the key vendors
Spanning over 85
pages and 34 Exhibits “Automation and Instrumentation Market in
Chemical and Petrochemical Industry in Europe 2015-2019” report
covers Executive Summary, List of Abbreviations, Scope of the Report, Market
Research Methodology, Introduction, Market Landscape, Market Size and Forecast,
Industrial Automation Market Segmentation by Product, Automation
Instrumentation Market Segmentation by Product, Buying Criteria, Market Growth
Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and
Challenges, Market Trends, Trends and Their Impact, Vendor Landscape, Key
Vendor Analysis.
