The report Automation and Instrumentation in Chemical and Petrochemical Market Research highlights key dynamics of Global Automation and Instrumentation in Chemical and Petrochemical sector. The potential of the Automation and Instrumentation in Chemical and Petrochemical Market has been investigated along with the key challenges. The current Market scenario and future prospects of the sector has also been studied.
Global Automation and Instrumentation in Chemical and Petrochemical market size will reach 6640 million US$ by 2025, from 4230 million US$ in 2018, at a CAGR of 6.7% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automation and Instrumentation in Chemical and Petrochemical.
Automation and instrumentation solutions consist of automation solutions such as DCS, MES, PLC, SCADA, and APC, which help companies optimize their business operations by effectively controlling the production processes.
The automation instruments include control valve, temperature transmitter, level transmitter, flow transmitter, and pressure transmitter, which help in improving the operational efficiency of an organization.
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