Dec 2 2013
Research and Markets has announced the addition of the Global Automation Instrumentation Market 2014-2018 Report to their offering.
Global Automation Instrumentation Market To Grow At A CAGR Of 4.96 Percent Over The Period 2014-2018
The development of customized automation solutions is a major trend in the Global Automation Instrumentation market. Several automation instrument vendors face increased competition from other local and regional vendors due to the lack of product differentiation. In order to overcome this problem, several local and regional vendors have started offering customized automation solutions that meet the specific needs of their customers at a competitive price. As a result, several SMEs across various industries, such as Food and Beverages, Pulp and Paper, Chemical, and Petrochemical, opt for these customized automation solutions. This in turn enables several cost-driven organizations to improve their operational performance at minimal cost.
One of the major drivers in the market is the increasing demand for automation instrumentation from process industries. Currently, several organizations across various process industries, including Oil and Gas, Chemical, and Petrochemical, opt for automation instruments in order to enhance their operational efficiency.
A major challenge is the lack of effective product differentiation. Several automation instrument vendors offer similar kinds of product, thereby forcing the need for market vendors to differentiate their key product concepts in order to sustain their places in the competitive business environment.
The key vendors dominating this market space are ABB Ltd., Emerson Electric Co., Honeywell International Inc., and Yokogawa Electric Corp.
Key Topics Covered
1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
5. Introduction
6. Market Landscape
7. Market Segmentation by Product
8. Market Segmentation by End-users
9. Geographical Segmentation
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
Companies Mentioned
- ABB
- Emerson Electric
- Honeywell International
- Yokogawa Electric
- Acromag
- Analog Systems
- Flowserve
- MIL Controls
- Pyromation
- Semrad
For more information visit http://www.researchandmarkets.com/research/75bcv8/global_automation
Source: http://www.researchandmarkets.com/