Global Automation Instrumentation Market Growth 2023-2029

Global Automation Instrumentation Market Growth 2023-2029

Automation can be defined as the use of automated machinery and computers for smooth and efficient task execution. Automation can be broadly divided in three types based on output, viz. mass or flow, batch and flexible or job automation. When the design is not flexible and there is high production then it is classified as mass and flow. When the output is moderate and the process is carried out in different batches, it is termed as batch automation. When the production is low and the design varies in accordance with the product specifications, then the classification is termed as flexible or job.

Instrumentation refers to the devices used for the purpose of observation, measurement, control and monitor. Novel automation types have been developed in the recent past which such as information technology (IT),flexible manufacturing systems (FMS), computer-aided manufacturing (CAM), Robots, computer integrated manufacturing (CIM) and Numerically controlled (NC) equipment. IT encompasses computer technologies that are used to create, disseminate, store and retrieve information. CAM uses computers for different functions in production planning and control. NC machines are programmed machine tools that engage in sequential operation execution. Robots are automated equipments that are used to execute several tasks which are normally performed by humans.FMS includes robots, automated material handling tools and numerically controlled tools. In CIM systems many manufacturing functions are linked through an integrated computer network.

LPI (LP Information)' newest research report, the “Automation Instrumentation Industry Forecast” looks at past sales and reviews total world Automation Instrumentation sales in 2022, providing a comprehensive analysis by region and market sector of projected Automation Instrumentation sales for 2023 through 2029. With Automation Instrumentation sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automation Instrumentation industry.

This Insight Report provides a comprehensive analysis of the global Automation Instrumentation landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automation Instrumentation portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automation Instrumentation market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automation Instrumentation and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automation Instrumentation.

The global Automation Instrumentation market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Developed markets such as North America and Europe dominated the global market in the recent past and are projected to continue this dominance over the forecast period. Developing markets, which were characterized by large availability of labor, are seeing a shift in trend towards automation across multiple industries. Companies have taken initiatives to cater to the developing markets by shifting their production bases to such areas. Such a trend is presumed to positively impact the regional automation instrumentation market over the forecast period. Economies such as India, China and Brazil are presumed to lead their respective regional markets in the near future.

This report presents a comprehensive overview, market shares, and growth opportunities of Automation Instrumentation market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Pressure Transmitter
Temperature Transmitter
Level and Humidity Transmitter

Segmentation by application
Chemicals Industry
Food & Beverages Industry
Pharmaceuticals Industry
Metals & Mining Industry
Oil & Gas Industry

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB Ltd
Emerson Electric Company
Honeywell International Inc.
Rockwell Automation
Siemens AG
Schneider Electric SE
Endress+Hauser AG
Hollysys Automation Technologies Ltd
Mitsubishi Electric Corporation
Pepperl+Fuchs GmbH

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automation Instrumentation market?

What factors are driving Automation Instrumentation market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automation Instrumentation market opportunities vary by end market size?

How does Automation Instrumentation break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.