Automation in Chemical Petrochemical Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Automation is a technology which reduces various manual and repetitive tasks perform by labors by machines. When it comes industrial automation heavy duty machinery powered by various controls units like sensors, valves, processor, communication and wireless adaptors etc. are utilized to perform the manual and repetitive task which usually perform by works. Harnessing automation in chemical petrochemical sector not only increases productivity but also increases safety level.
MARKET DYNAMICS
The demand for automation in automation in chemical petrochemical market is driven by falling prices of sensor technology backed by incremental advancement in sensory technology. However, falling prices of oil is hamper the growth of automation in chemical petrochemical market. Meanwhile, the increasing demand for oil across the globe coupled with increase efficiency and cost saving benefits of automation are fueling the growth of automation in chemical petrochemical market. Furthermore, with innovation in IoT and its various application in chemical petrochemical sector is further propelling the growth of automation in automation in chemical petrochemical market.
MARKET SCOPE
The "Automation in chemical petrochemical market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication with a special focus on the global market trend analysis. The report aims to provide an overview of automation in chemical petrochemical market with detailed market segmentation by component, authentication, offering, industry vertical and geography. The global automation in chemical petrochemical market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automation in chemical petrochemical market players and offers key trends and opportunities in the automation in chemical petrochemical market.
MARKET SEGMENTATION
The global automation in chemical petrochemical market is segmented on the basis of component. On the basis of component, the market is segmented as distributed control system (DCS), supervisory control and data acquisition (SCADA), manufacturing execution system (MES), programmable logic controller (PLC), and advanced process control (APC).
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automation in chemical petrochemical market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automation in chemical petrochemical market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automation in chemical petrochemical market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automation in chemical petrochemical market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automation in chemical petrochemical market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automation in chemical petrochemical market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automation in chemical petrochemical market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automation in chemical petrochemical market in these regions.
MARKET PLAYERS
The reports cover key developments in the automation in chemical petrochemical market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automation in chemical petrochemical market are anticipated to lucrative growth opportunities in the future with the rising demand for automation in chemical petrochemical market. Below mentioned is the list of few companies engaged in the automation in chemical petrochemical market.
The report also includes the profiles of key automation in chemical petrochemical market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd
- BASE Automation Technologies Pvt. Ltd.
- Emerson Electric Co.
- Honeywell International Inc.
- INTECH Process Automation Inc
- Schneider Electric SE
- Siemens AG
- Valmet
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automation In Chemical Petrochemical Market - By Component
1.3.2 Automation In Chemical Petrochemical Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMATION IN CHEMICAL PETROCHEMICAL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMATION IN CHEMICAL PETROCHEMICAL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMATION IN CHEMICAL PETROCHEMICAL MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMATION IN CHEMICAL PETROCHEMICAL - GLOBAL MARKET OVERVIEW
6.2. AUTOMATION IN CHEMICAL PETROCHEMICAL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMATION IN CHEMICAL PETROCHEMICAL MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. DISTRIBUTED CONTROL SYSTEM (DCS)
7.3.1. Overview
7.3.2. Distributed control system (DCS) Market Forecast and Analysis
7.4. SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
7.4.1. Overview
7.4.2. Supervisory control and data acquisition (SCADA) Market Forecast and Analysis
7.5. MANUFACTURING EXECUTION SYSTEM
7.5.1. Overview
7.5.2. Manufacturing execution system Market Forecast and Analysis
7.6. (MES)
7.6.1. Overview
7.6.2. (MES) Market Forecast and Analysis
7.7. PROGRAMMABLE LOGIC CONTROLLER (PLC)
7.7.1. Overview
7.7.2. Programmable logic controller (PLC) Market Forecast and Analysis
7.8. ADVANCED PROCESS CONTROL (APC)
7.8.1. Overview
7.8.2. Advanced process control (APC) Market Forecast and Analysis
8. AUTOMATION IN CHEMICAL PETROCHEMICAL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Automation In Chemical Petrochemical Market Overview
8.1.2 North America Automation In Chemical Petrochemical Market Forecasts and Analysis
8.1.3 North America Automation In Chemical Petrochemical Market Forecasts and Analysis - By Component
8.1.4 North America Automation In Chemical Petrochemical Market Forecasts and Analysis - By Countries
8.1.4.1 United States Automation In Chemical Petrochemical Market
8.1.4.1.1 United States Automation In Chemical Petrochemical Market by Component
8.1.4.2 Canada Automation In Chemical Petrochemical Market
8.1.4.2.1 Canada Automation In Chemical Petrochemical Market by Component
8.1.4.3 Mexico Automation In Chemical Petrochemical Market
8.1.4.3.1 Mexico Automation In Chemical Petrochemical Market by Component
8.2. EUROPE
8.2.1 Europe Automation In Chemical Petrochemical Market Overview
8.2.2 Europe Automation In Chemical Petrochemical Market Forecasts and Analysis
8.2.3 Europe Automation In Chemical Petrochemical Market Forecasts and Analysis - By Component
8.2.4 Europe Automation In Chemical Petrochemical Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Automation In Chemical Petrochemical Market
8.2.4.1.1 Germany Automation In Chemical Petrochemical Market by Component
8.2.4.2 France Automation In Chemical Petrochemical Market
8.2.4.2.1 France Automation In Chemical Petrochemical Market by Component
8.2.4.3 Italy Automation In Chemical Petrochemical Market
8.2.4.3.1 Italy Automation In Chemical Petrochemical Market by Component
8.2.4.4 United Kingdom Automation In Chemical Petrochemical Market
8.2.4.4.1 United Kingdom Automation In Chemical Petrochemical Market by Component
8.2.4.5 Russia Automation In Chemical Petrochemical Market
8.2.4.5.1 Russia Automation In Chemical Petrochemical Market by Component
8.2.4.6 Rest of Europe Automation In Chemical Petrochemical Market
8.2.4.6.1 Rest of Europe Automation In Chemical Petrochemical Market by Component
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Automation In Chemical Petrochemical Market Overview
8.3.2 Asia-Pacific Automation In Chemical Petrochemical Market Forecasts and Analysis
8.3.3 Asia-Pacific Automation In Chemical Petrochemical Market Forecasts and Analysis - By Component
8.3.4 Asia-Pacific Automation In Chemical Petrochemical Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Automation In Chemical Petrochemical Market
8.3.4.1.1 Australia Automation In Chemical Petrochemical Market by Component
8.3.4.2 China Automation In Chemical Petrochemical Market
8.3.4.2.1 China Automation In Chemical Petrochemical Market by Component
8.3.4.3 India Automation In Chemical Petrochemical Market
8.3.4.3.1 India Automation In Chemical Petrochemical Market by Component
8.3.4.4 Japan Automation In Chemical Petrochemical Market
8.3.4.4.1 Japan Automation In Chemical Petrochemical Market by Component
8.3.4.5 South Korea Automation In Chemical Petrochemical Market
8.3.4.5.1 South Korea Automation In Chemical Petrochemical Market by Component
8.3.4.6 Rest of Asia-Pacific Automation In Chemical Petrochemical Market
8.3.4.6.1 Rest of Asia-Pacific Automation In Chemical Petrochemical Market by Component
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Automation In Chemical Petrochemical Market Overview
8.4.2 Middle East and Africa Automation In Chemical Petrochemical Market Forecasts and Analysis
8.4.3 Middle East and Africa Automation In Chemical Petrochemical Market Forecasts and Analysis - By Component
8.4.4 Middle East and Africa Automation In Chemical Petrochemical Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Automation In Chemical Petrochemical Market
8.4.4.1.1 South Africa Automation In Chemical Petrochemical Market by Component
8.4.4.2 Saudi Arabia Automation In Chemical Petrochemical Market
8.4.4.2.1 Saudi Arabia Automation In Chemical Petrochemical Market by Component
8.4.4.3 U.A.E Automation In Chemical Petrochemical Market
8.4.4.3.1 U.A.E Automation In Chemical Petrochemical Market by Component
8.4.4.4 Rest of Middle East and Africa Automation In Chemical Petrochemical Market
8.4.4.4.1 Rest of Middle East and Africa Automation In Chemical Petrochemical Market by Component
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Automation In Chemical Petrochemical Market Overview
8.5.2 South and Central America Automation In Chemical Petrochemical Market Forecasts and Analysis
8.5.3 South and Central America Automation In Chemical Petrochemical Market Forecasts and Analysis - By Component
8.5.4 South and Central America Automation In Chemical Petrochemical Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Automation In Chemical Petrochemical Market
8.5.4.1.1 Brazil Automation In Chemical Petrochemical Market by Component
8.5.4.2 Argentina Automation In Chemical Petrochemical Market
8.5.4.2.1 Argentina Automation In Chemical Petrochemical Market by Component
8.5.4.3 Rest of South and Central America Automation In Chemical Petrochemical Market
8.5.4.3.1 Rest of South and Central America Automation In Chemical Petrochemical Market by Component
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. AUTOMATION IN CHEMICAL PETROCHEMICAL MARKET, KEY COMPANY PROFILES
10.1. ABB LTD
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. ACS INDIA
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. BASE AUTOMATION TECHNOLOGIES PVT. LTD.
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. EMERSON ELECTRIC CO.
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. HONEYWELL INTERNATIONAL INC.
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. INTECH PROCESS AUTOMATION INC
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. MASIBUS AUTOMATION AND INSTRUMENTATION PVT. LTD
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. SCHNEIDER ELECTRIC SE
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. SIEMENS AG
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. VALMET
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
1. ABB Ltd
2. ACS INDIA
3. BASE Automation Technologies Pvt. Ltd.
4. Emerson Electric Co.
5. Honeywell International Inc.
6. INTECH Process Automation Inc
7. Masibus Automation And Instrumentation Pvt. Ltd
8. Schneider Electric SE
9. Siemens AG
10. Valmet
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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