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Below are some of the key findings from the market analysis for industrial automation in chemical and petrochemical industry
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
The application of advanced automation control systems is one of the critical reasons that will drive the industrial automation market in chemical and petrochemical industry. There is an increase in the need for fast and accurate systems in the process and discrete industries. This is resulting in the emergence of technologically advanced automation control systems. These systems have features such as faster processors and increased memory capacity. They are extensively used to perform complex production processes carried out in the chemical and petrochemical industry. Also, issues such as space limitation and process complexity with conventional PLCs can be overcome with the help of customized PLCs for small, medium, and large machines used in this industry.
The rising adoption of main automation contractors (MACs) as a one step-solution for more complex process requirements of end-users in the chemical and petrochemical industry enables a smooth deployment of automation control systems. This will drive the industrial automation market in the chemical and petrochemical industry to grow at a CAGR of almost 8% during the forecast period. MAC help industries to avoid different automation control vendors and prevent poor automation plans. It makes a quick assessment of the requirements of end-users, evaluates initial process requirements, generates a detailed analysis, and enables the procurement of various automation solution products by formulating front-end design and engineering.
The industrial automation market in chemical and petrochemical industry is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this industry analysis report for industrial automation in chemical and petrochemical industry will help clients identify new growth opportunities and design innovative strategies to improve their share in the market.
The report offers a complete analysis of various companies including:
APAC will hold the highest market share of this market throughout the forecast period. The establishment of manufacturing facilities by several multinational and petrochemical companies is one of the major reasons for the high growth of the industrial automation market in chemical and petrochemical industry in this region.
The DCS segment will account for the highest share of the industrial automation market in chemical and petrochemical industry due to the growing adoption of DCS in chemical and petrochemical plants. This is due to their ability to control and monitor process variables such as temperature, pressure, and flow rate through the production process.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
PART 13: APPENDIX
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