PUBLISHER: TechNavio | PRODUCT CODE: 1626106
PUBLISHER: TechNavio | PRODUCT CODE: 1626106
The process automation market in europe is forecasted to grow by USD 2700.7 mn during 2023-2028, accelerating at a CAGR of 6.6% during the forecast period. The report on the process automation market in europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand in healthcare sector, shift toward lean manufacturing, and need for efficient use of resources and reduction of emissions.
Technavio's process automation market in europe is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.2% |
CAGR | 6.6% |
Incremental Value | $2700.7 mn |
By Type
By Geographical Landscape
This study identifies the virtualization of automation systems as one of the prime reasons driving the process automation market in europe growth during the next few years. Also, digitizing business processes and shift from on-premises to cloud-based systems will lead to sizable demand in the market.
The report on the process automation market in europe covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading process automation market in europe vendors that include ABB Ltd., AMETEK Inc., Azbil Corp., Delta Electronics Inc., Eaton Corp plc, Emerson Electric Co., Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Xylem Inc., and Yokogawa Electric Corp.. Also, the process automation market in europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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