automation and instrumentation market in power industry in europe 2015-2019
TRANSCRIPT
Covered in this Report
• The automation and instrumentation market in power industry in Europe can be segmented into two: industrial automation consisting of PLC, SCADA, and DCS; and automation instrumentation consisting of control valves, flow meters, and transmitters.
• Technavio's report, Automation and Instrumentation Market in Power Industry in Europe, has been prepared based on an in-depth market analysis with inputs from industry experts.
• The report covers Europe in detail; it also covers the automation and instrumentation market landscape in the power industry in Europe and its growth prospects in the coming years.
• The report also includes a discussion of the key vendors operating in this market.
Automaton and Instrumentation Market
in Power Industry in Europe 2015-2019
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Market Overview• Automation is fast becoming an integral part of
organizations in Europe.
• Many discrete manufacturing as well as process industries are adopting automated solutions to reduce their process variability and improve plant efficiency.
• Companies are able to optimize their business operations using automation solutions such as PLC, SCADA, and DCS, which effectively control production processes.
• Instruments, including flow meters, control valves, and transmitters, are used in automation processes to reduce the downtime and overall operational costs.
• Technavio's analysts forecast the automation and instrumentation market in power industry in Europe to grow at a CAGR of 5.11% over the period 2015-2019.
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Instrumentation Market in Power Industry in Europe
2015-2019,please mail us at
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Key Vendors and Regions
• ABB
• Emerson Process Management
• Honeywell International
• Schneider Electric
• Siemens
• GE
• Mitsubishi Electric
View Our Report: Automaton and Instrumentation Market in Power Industry in Europe 2015-2019
• Europe
Vendors Regions
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Key Findings
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• End-users in the power industry in Europe are increasingly looking for automation and instrumentation manufacturers that can provide complete solutions to meet their requirements.
• MACs are responsible for coordinating, installing, and maintaining all automation and related activities for customers.
• Automation manufacturers need to keep up with the rapidly changing security environment of the power industry.
• Advances in networking, IT, and cloud computing technologies have increased the vulnerability of automation solutions.
• The lack of a skilled workforce to operate and maintain systems is posing a challenge to the market.
• Maintaining the efficient functioning of these advanced systems requires not only good knowledge of their workings but also an understanding of different end-users' requirements.
Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Automaton and Instrumentation Market in Power Industry in Europe
2015-201976 Pages | SKU: IRTNTR6086
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