|By PR Newswire||
|April 17, 2014 02:27 AM EDT||
DUBLIN, April 17, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/4ltf4p/global_automation) has announced the addition of the "Global Automation Instrumentation Market 2014-2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The analysts forecast the Global Automation Instrumentation market to grow at a CAGR of 4.96 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing demand of automation instrument from process industries. The Global Automation Instrumentation market has also been witnessing the development of customized automation solutions. However, the lack of effective product differentiation could pose a challenge to the growth of this market.
The report, the Global Automation Instrumentation Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the EMEA, the Americas, and the APAC region; it also covers the Global Automation Instrumentation market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The development of customized automation solutions is another 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.
According to the report, one of the major drivers 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.
Further, the report states that a major challenge in the market 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 study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Product
08. Market Segmentation by End-users
09. 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
19. Other Reports in this Series
- ABB Ltd.
- Acromag Inc.
- Analog Systems Co. Ltd
- Emerson Electric Co.
- Flowserve Corp.
- Honeywell International Inc.
- MIL Controls Ltd.
- Pyromation Inc.
- Semrad Pty Ltd.
- Yokogawa Electric Corp.
For more information visit http://www.researchandmarkets.com/research/4ltf4p/global_automation
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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