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Frequently Asked Questions
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What value is the global process automation and instrumentation market expected to touch by 2033?
The global process automation and instrumentation market size was USD 71.28 billion in 2024 and is projected to grow to USD 105.93 billion by 2033.
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What CAGR is the process automation and instrumentation market expected to exhibit during 2025-2033?
The process automation and instrumentation market is expected to exhibit a CAGR of 4.5% over 2025-2033.
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Which are the driving factors of the process automation and instrumentation market?
Expanding importance on lessening charges and upgrading productivity is strengthening the demand in the market and growing adoption of industry 4.0 principles to aid in broadening the sales of process automation at a high rate are the driving factors of the process automation and instrumentation market.
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Which are the top companies operating in the process automation and instrumentation market?
ABB Ltd, Emerson Electric Company, Endress+Hauser, HollySys Automation Technologies and Honeywell International are the top companies operating in the process automation and instrumentation market.