Any enterprise works towards a singular goal: to make high-quality products at a profitable price. This goal can be achieved by using evolving technology to streamline the business process. Other objectives such as workplace safety, consistency in product specifications and adhering to environmental regulations are maintained and operational constraints are reduced to a minimum.
The market for process automation in North America is expected to reach USD 42.30 billion by the end of 2021, growing at a CAGR of 8.52% from the current estimate of USD 25.90 billion. Some of the key vendors in the process automation market are ABB, Siemens, Schneider Electric, Honeywell and Rockwell Automation.
Drivers
Restraints
Automation has become an important part of modern manufacturing and industrial processes. It helps enterprises to realize the aforementioned priorities. Companies all over the world are automating their processes with the help of different technologies like SCADA, DCS, MES and PLC. The demand for these technologies is escalating and many vendors are manufacturing solutions to help enterprises achieve efficiency in their manufacturing process.
SPECIALITIES OF THIS REPORT
WHAT THE REPORT OFFERS
1. Introduction
1.1 Key Findings
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Market Dynamics & Trends
3.2 Factors Driving the Market
3.2.1 Government Incentives for the Manufacturing Industry
3.2.2 Reducing Cost of Automation Solutions and Increasing Labor Wages
3.2.3 Increased Focus on Manufacturing Industry and Need For Energy Efficiency
3.3 Factors Restraining the Market
3.3.1 Reliability Issues with Cloud Computing Escalating the Skepticism Levels
3.3.2 Lack of Skilled Workforce
3.4 Industry Value-Chain Analysis
3.5 Industry Attractiveness Porters Five Forces Analysis
3.5.1 Bargaining Power of Suppliers
3.5.2 Bargaining Power of Consumers
3.5.3 Threat of New Entrants
3.5.4 Threat of Substitute Products or Services
3.5.5 Competitive Rivalry among Existing Competitors
4. Technology Overview
4.1 Technology Snapshot
4.2 Applications
5. North America Process Automation Market Breakdown by Technology Type
5.1 Supervisory Control and Data Acquisition (SCADA)
5.2 Programmable Logic Controller (PLC)
5.3 Distributed Control System (DCS)
5.4 Manufacturing Execution Systems (MES)
5.5 Others
6. North America Process Automation Market Breakdown by Communications Protocol
6.1 Wired Protocols
6.2 Wireless Protocols
7. North America Process Automation Market Breakdown by Type of Solutions
7.1 Hardware
7.2 Software
7.3 Services
8. North America Process Automation Market Breakdown by End-User Industry
8.1 Chemical & Petrochemical
8.2 Paper & Pulp
8.3 Automotive
8.4 Water & Waste Water Treatment
8.5 Energy & Utilities
8.6 Oil & Gas
8.7 Pharmaceutical
8.8 Food, Tobacco, and Beverages
8.6 Others
9. North America Process Automation Market Breakdown by Geography
9.1 United States
9.2 Canada
10. Company Profiles
10.1 ABB
10.2 Honeywell
10.3 Siemens
10.4 Schneider Electric
10.5 Mitsubishi
10.6 Rockwell Automation
10.7 Emerson
10.8 Danaher
10.9 Cameron International
10.10 Texas Instruments
10.11 Eaton Corporation
10.12 General Electric Corporation (GE)
10.13 Endress+Hauser Group
10.14 Krohne Messtechnik GMBH
11. Investment Analysis
11.1 Recent Mergers and Acquisitions
11.2 Investor Outlook
12. Future Outlook of Process Automation in North American Market