Global Automation Market in Chemicals Petrochemicals Industry Emerging Trends and Forecast 2016-2020 By Radiant Insights
Outlook of the global automation market in the chemicals and petrochemicals industry
Technavios market research analyst 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 growing use of cloud computing and big data analytics in the
chemicals and petrochemicals industry will impel market growth during
the forecast period. The implementation of cloud computing and big data
analytics in this industry will help manufacturers to expand their data
storage facilities, boost operational flexibility, and enhance
scalability during the manufacturing process. The ability of cloud-based
and big data analytics to promote product lifecycle management and to
help improve supply chain management will result in its augmented
adoption during the predicted period.
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Product segmentation and analysis of the automation market in the chemicals and petrochemicals industry
Distributed control system (DCS)
Supervisory control and data acquisition (SCADA)
Manufacturing execution system (MES)
Programmable logic controller (PLC)
Advanced process control (APC)
The DCS segment currently accounts for approximately 33% of the total market share and is anticipated to witness a modest growth rate of more than 3% by 2020. The recent increase in the domestic shale gas production in the US will motivate petrochemical manufacturers to either expand their existing production capacities or build new facilities. This, in turn, will create a demand for automation solutions to ensure high productivity, flexibility, scalability, and safety during operations.
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Radiant Insights Inc. is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
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Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street,
Suite 3036 San Francisco,
CA 94105 United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Website: http://www.radiantinsights.com/
Email: sales@radiantinsights.com
Outlook of the global automation market in the chemicals and petrochemicals industry
Technavios market research analyst 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.
Browse Complete Summary Click Here @ http://www.radiantinsights.com/research/global-automation-market-in-chemicals-petrochemicals-industry-2016-2020
Product segmentation and analysis of the automation market in the chemicals and petrochemicals industry
Distributed control system (DCS)
Supervisory control and data acquisition (SCADA)
Manufacturing execution system (MES)
Programmable logic controller (PLC)
Advanced process control (APC)
The DCS segment currently accounts for approximately 33% of the total market share and is anticipated to witness a modest growth rate of more than 3% by 2020. The recent increase in the domestic shale gas production in the US will motivate petrochemical manufacturers to either expand their existing production capacities or build new facilities. This, in turn, will create a demand for automation solutions to ensure high productivity, flexibility, scalability, and safety during operations.
Browse Upcoming Reports @ http://www.radiantinsights.com/upcoming-reports
About Us:
Radiant Insights Inc. is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street,
Suite 3036 San Francisco,
CA 94105 United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Website: http://www.radiantinsights.com/
Email: sales@radiantinsights.com
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