MRO Magazine

Research and Markets: Global Automation Market in Chemicals and Petrochemicals Industry 2016-2020 – Rise in Capital & R&D Investments for Automation Solutions


January 12, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/mmt95b/global_automation) has announced the addition of the “Global Automation Market in Chemicals Petrochemicals Industry 2016-2020” report to their offering.

The report predicts the global automation market in the chemicals and petrochemicals market to grow at a CAGR of more than 7% by 2020.

The recent rise in capital and R&D investments for automation solutions is a critical factor that propels growth in this market. Also, rapid industrial development in emerging economies like China, India, and Brazil will bolster the need for automation products and services across various industries.

The use of cloud computing and big data analytics solutions are potential benefits in this market. These technologies confer operational flexibility and make solutions affordable. Further, PLC and SCADA systems help improve operational efficiency at a low cost and such technologies may help the market expand.

According to the report, the US government has enacted stringent regulations and policies for manufacturing industries such as automotive, foods and beverages, consumer packaged goods, chemicals, and pharmaceuticals. It has imposed regulations and policies for good manufacturing practices with a view to improve public safety and to meet international quality standards.

Further, the report states that high initial investments and the lack of a skilled workforce many hinder the growth of the market.

Companies Mentioned:

  • ABB
  • Emerson Electric
  • Honeywell
  • Siemens
  • Yokogawa Electric
  • General Electric
  • Metso
  • Mitsubishi Heavy Industry
  • Omron
  • Rockwell Automation
  • Schneider Electric
  • Toshiba International.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Automation industry value chain

PART 06: Market landscape

PART 07: Market segmentation by product

PART 08: Geographical segmentation

PART 09: Market quadrant

PART 10: Market drivers

PART 11: Impact of drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/mmt95b/global_automation

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