MRO Magazine

Research and Markets: Automation and Instrumentation Market in Chemical and Petrochemical Industry in Europe 2015-2019


December 22, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/bkpb33/automation_and) has announced the addition of the “Automation and Instrumentation Market in Chemical and Petrochemical Industry in Europe 2015-2019” report to their offering.

The report forecasts 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.

Increased automation solution offerings is one of the key trends in the market. Automation vendors are trying to vertically integrate in a bid to offer complete product solutions to customers, attract new customers, and differentiate their products in the highly competitive automation and instrumentation market.

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.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Size and Forecast

08. Industrial Automation Market Segmentation by Product

09. Automation Instrumentation Market Segmentation by Product

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

19. Other Reports in this Series

Companies Mentioned:

  • ABB Ltd
  • Emerson Process Management
  • General Electric (GE) Co
  • Schneider Electric SE and Siemens AG
  • Honeywell International
  • Mitsubishi Electric
  • Rockwell Automation and Yokogawa Electric

For more information visit http://www.researchandmarkets.com/research/bkpb33/automation_and

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Industrial Automation