Inverters, relays, PLCs, Fuse, Connectors, displays, cable glands, and storage devices are some of the main electrical components of the overall 75 parts covered in the report. The complete ecosystem spanning several key manufacturers of the parts, distributors has been analyzed to give an in-depth understanding of the market landscape.
The global process automation market revenue is expected to grow from $87.67 billion in 2013, to $119.29 billion in 2018, at an estimated CAGR of 6.4% from 2013 to 2018. Also, the process instrumentation market is expected to grow from $23.67 billion in 2013, to $31.71 billion in 2018, with a CAGR of 6%.
Process Automation and Process Instrumentation sectors being the key opportunity markets of the electric components (for factory automation) are witnessing robust growth rate across all industry verticals. The integration of electrical products with the industrial machinery has unfolded wider applications in the field of discreet and process manufacturing. The market of electric component for factory automation is set to drive proportionally with the attractiveness of the latter opportunity markets.
Sample Companies profiled in this Report are:
- Emerson Electric Co. (U.S.),
- Yokogawa Electric Corporation, Inc. (Japan)
- Endress+Hauser (Switzerland),
The APAC region is expected to rejuvenate the process automation market owing to the escalated demands from the oil and gas extraction, wastewater treatment, and pharmaceutical verticals.
The report is segmented based product types, end use verticals and geographic regions. The market share analysis, strategies and future opportunities are also discussed in the report. The service market has been aiding the market in earning significant revenues apart from the hardware and software sales, with an augmented segment of the end-users, preferring the maintenance and outsourcing services instead of the in-house purchase and the subsequent maintenance.
This report on the top 75 electrical components in global Factory Automation Market identifies many such insights, market share analysis and M&A opportunities, besides providing a detailed analysis of the key players, distributors and growth rate of the market.