The new report by Expert Market Research titled, 'Global Process Automation Market Report and Forecast 2021-2026', gives an in-depth analysis of the global process automation market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/process-automation-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Value (2020): USD 167.2 Billion
- Forecast CAGR (2021-2026): 6.6%
- Forecast Market Value (2026): USD 245.3 Billion
The global process automation market is fuelled by rapid technological advancements and a growing focus on productivity. North America and Europe are high-maturity regions of the industry, while the Asia Pacific is a medium-maturity market. Europe is the leading market in terms of future expansion, accounting for a significant proportion of the global process automation market share in 2020. The rise of the industry in Germany, the United Kingdom, and France is driving the demand in Europe, with Germany becoming the region's leading exporter of process automation.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/process-automation-market
Industry Definition and Major Segments
The use of automated technologies to execute a procedure or procedures in order to complete a workflow or function is referred to as process automation. Digital process automation is often referred to as 'business process automation.' A broad range of business procedures and operations can be automated, or at least partly automated, with human involvement at key points in workflows. Digital process automation benefits sales, marketing, manufacturing, supply chain, quality control, administration, IT, and management processes.
The market can be divided based on application into:
- Oil and Gas
- General Industries
- Consumer Goods
- Pharma and Biotech
The regional markets for the product include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
In the forecast period, the global process automation market is expected to be led by a rising focus on increasing efficiency and eliminating dangerous manual activities. North America's market is mature, making it a better place to absorb advanced technologies, strategic alliances, and product collaborations from industries such as oil and gas, metals and mines, pharmaceuticals, chemicals, and others, boosting process automation's growth. Because of its proximity to North America, Latin America has the ability to expand process automation contracts in the oil and gas and mining sectors, boosting the market growth in the long run.
Key Market Players
The major players in the market are Siemens, ABB, Emerson, Schneider Electric, Rockwell Automation, Inc., Mitsubishi Electric, Danaher Corporation, Yokogawa Electric Corporation, and Endress+Hauser, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:-
Global Synthetic Monitoring Market: https://www.expertmarketresearch.com/reports/synthetic-monitoring-market
Global Screw Compressor Market: https://www.expertmarketresearch.com/reports/screw-compressor-market
Global Robotic Lawn Mower Market: https://www.expertmarketresearch.com/reports/robotic-lawn-mower-market
Global Rolling Stock Market: https://www.expertmarketresearch.com/reports/rolling-stock-market
Global Flip Chip Market: https://www.expertmarketresearch.com/reports/flip-chip-market
Global NAND Flash Memory Market: https://www.expertmarketresearch.com/reports/nand-flash-memory-market
Global eClinical Solutions Market: https://www.expertmarketresearch.com/reports/eclinical-solutions-market
Global Human Enhancement Market: https://www.expertmarketresearch.com/reports/human-enhancement-market
Global Automated Liquid Handling Market: https://www.expertmarketresearch.com/reports/automated-liquid-handling-market
Global Network Optimisation Services Market: https://www.expertmarketresearch.com/reports/network-optimisation-services-market
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
To get more insights on the topic, click here: https://expertmarketresearch-emr.blogspot.com/
Also, Check Procurement Intelligence which provides you Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.