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Hydronic Control Market by Equipment (Actuators, Valves, Flow Controllers, Control Panels, and Others), Installation Type (New, Retrofit), Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023

温水循環式コントロールの世界市場予測（～2023年）

◆タイトル：Hydronic Control Market by Equipment (Actuators, Valves, Flow Controllers, Control Panels, and Others), Installation Type (New, Retrofit), Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023
◆商品コード：SE-6568
◆調査・発行会社：MarketsandMarkets
◆発行日：2018年8月31日
◆ページ数：145
◆レポート形式：PDF / 英語
◆納品方法：Eメール（受注後24時間以内）
◆調査対象地域：グローバル
◆産業分野：半導体・エレクトロニクス
◆販売価格オプション（消費税別）

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【レポートの概要】

MarketsandMarketsが発行した当調査レポートでは、温水循環式コントロールの世界市場について調査・分析し、エグゼクティブサマリー、市場インサイト、市場概観/市場動向、産業動向、バリューチェーン分析、装置別（アクチュエーター、バルブ、フローコントローラー、コントロールパネル、その他）分析、設置タイプ別（新規設置、レトロフィット）分析、セクター別（住宅、商業、産業）分析、温水循環式コントロールの世界市場規模及び予測、市場動向、競争状況、関連企業分析などの情報をお届けいたします。

The hydronic control market is estimated to grow from USD 32.40 billion in 2018 to USD 37.70 billion by 2023, at a CAGR of 3.1% from 2018 to 2023. The growth of the market is driven by the need for efficient use of energy in buildings, the emergence of the construction market, and the trend of automation in commercial, industrial, and residential sectors in developing countries. Governments across the world adopt various policies related to energy consumption to make energy-efficient buildings. The implementation of various standards requires the use of efficient hydronic controls as these systems sense the surrounding environment and accordingly operates the hydronic system to provide appropriate heating and cooling of water using minimum energy. Therefore, the increasing demand for efficient use of energy in buildings is driving the market for hydronic controls. The hydronic control market has been segmented into equipment, installation type, sector, and region.
The hydronic control market has been segmented on the basis of equipment into actuators, valves, control panels, flow controllers. The market for actuators is expected to hold the largest size from 2018 to 2023. Companies operating in the hydronic control industry offer various types of actuators such as hydraulic, pneumatic, and electric actuators. The hydraulic actuators consist of a cylinder or a fluid motor that use hydraulic power for carrying out mechanical operations. The mechanical motion gives an output in terms of the linear, rotary, or oscillatory motion of the system. Electric actuators are the most commonly used actuators in control systems. These actuators consist of a motor that converts electrical energy into mechanical motion.

Based on installation type, the market for new installations is expected to hold the largest size of the market during the forecast period. The new installation provides advantages over retrofits for the implementation of hydronic control solutions at early stages. The advantages help in reducing the operational cost required for implementing hydronic control solutions. New installation of hydronic controls helps in achieving ecofriendly operations due to economical use of available resources.

The industrial sector is expected to hold the largest market during the forecast period. The industrial sector includes manufacturing and processing facilities. Energy consumption in industries is higher than that of residential or commercial facilities; however, a significant amount of energy in industrial facilities is used for processing and manufacturing machinery. The adoption of hydronic controls can help in efficiently powering hydronic systems, along with increasing the productivity of the company. Using hydronic controls across warehouses, production areas, administration offices, control rooms, and distribution centers, water temperature can be maintained according to the industrial norms.

North America is likely to account for the largest share of the overall hydronic control market throughout the forecast period. Continuous growth in construction and renovation of residential and commercial buildings are among the major factors supporting the growth of the hydronic control market, along with the increasing adoption of IoT in smart housing. Government regulations regarding environmental safety and water quality are also among the major drivers for the growth of the hydronic control market in North America.

Factors such as lack of awareness about the benefits of hydronic controls and the high cost of skilled labor and installation hinder the market growth. For instance, in the residential application, the installation cost of all hydronic equipment depends on the size of the home, type of equipment, and SEER value of the equipment. Thus, the requirement of skilled labor, followed by significant installation costs, hinders the implementation and the growth of the market.

Siemens (Germany), Danfoss (Denmark), Johnson Controls (Ireland), Honeywell (US), Schneider Electric (France), IMI plc (UK), Belimo (Switzerland), Giacomini (Italy), Caleffi (Italy), Flamco (Netherlands), Armstrong (US), Oventrop (Germany), Reflex (Germany), Spirotech (Netherlands), and Xylem (US) are among the key players in this market that focus on product launches and developments, strategic partnerships, acquisitions, and agreements to increase their revenues. For instance, in 2018, Danfoss launched 2 high-flow proportional valves to its PVG portfolio-PVG 128 and PVG 256-thereby expanding its range of low- to high-flow capabilities for OEM customers with demanding applications. Similarly, in 2017, Siemens launched a new smart thermostat for residential heating control. The RDS110 smart thermostat takes just a few minutes to install and can be controlled via a mobile phone app.

【レポートの目次】

Table of Contents

1 Introduction (Page No. – 14)
1.1 Study Objectives
1.2 Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology (Page No. – 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.3 Secondary and Primary Research
2.1.3.1 Key Industry Insights
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at the Market Size By Bottom-Up Analysis
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Size By Top-Down Analysis
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumption

3 Executive Summary (Page No. – 27)

4 Premium Insights (Page No. – 31)
4.1 Hydronic Control Market Opportunities
4.2 Hydronic Control Market, By Equipment
4.3 Hydronic Control Market, By Installation Type
4.4 Hydronic Control Market, By Sector
4.5 Hydronic Market in North America, By Sector and Country (2018)
4.6 Hydronic Control Market, By Geography

5 Market Overview (Page No. – 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Efficient Use of Energy in Buildings
5.2.1.2 Trend of Automation in Commercial, Industrial, and Residential Sectors in Developing Countries
5.2.1.3 Emergence of Construction Market Boost Adoption of Hydronic Control
5.2.2 Restraints
5.2.2.1 Lack of Awareness About Benefits of Hydronic Controls
5.2.2.2 High Cost of Skilled Labor and Installation
5.2.3 Opportunities
5.2.3.1 Rising Wave of Smart Cities
5.2.3.2 Increasing Environmental Awareness and Energy Efficiency Standards
5.2.4 Challenges
5.2.4.1 Limited Technically Skilled Staff

6 Industry Trends (Page No. – 40)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Regulatory Standards
6.3.1 Montreal Protocol
6.3.2 Kyoto Protocol
6.3.3 Leed Certification

7 Hydronic Control Market, By Equipment (Page No. – 43)
7.1 Introduction
7.2 Valves
7.2.1 Gate Valve
7.2.2 Globe Valve
7.2.3 Ball Valve
7.2.4 Zone Valve
7.2.5 Balancing Valve
7.3 Actuators
7.4 Control Panels
7.5 Flow Controller
7.6 Others

8 Hydronic Control Market, By Installation Type (Page No. – 64)
8.1 Introduction
8.2 New Installation
8.3 Retrofit Installation

9 Hydronic Control Market, By Sector (Page No. – 67)
9.1 Introduction
9.2 Residential
9.3 Commercial
9.3.1 Healthcare
9.3.2 Government
9.3.3 Academic & Institution
9.3.4 Retail
9.3.5 Hospitality
9.4 Industrial

10 Hydronic Control Market, By Geography (Page No. – 76)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Russia
10.3.5 The Netherlands
10.3.6 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 South America
10.5.1 Brazil
10.5.2 Chile
10.5.3 Argentina
10.6 RoW
10.6.1 Middle East
10.6.2 Africa

11 Competitive Landscape (Page No. – 102)
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Situation & Trends
11.3.1 Partnerships, Agreements, and Contracts
11.3.2 Product Launches
11.3.3 Expansions
11.3.4 Acquisitions, Mergers, and Joint Venture

12 Company Profiles (Page No. – 109)
12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
12.1.1 Danfoss
12.1.2 Siemens
12.1.3 Johnson Control
12.1.4 Honeywell
12.1.5 Schneider Electric
12.1.6 IMI PLC
12.1.7 Belimo
12.1.8 Giacomini
12.1.9 Caleffi
12.1.10 Flamco
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
12.2 Other Key Players
12.2.1 Armstrong Fluid Technology
12.2.2 Oventrop
12.2.3 Reflex Winkelmann
12.2.4 Spirotech
12.2.5 Xylem

13 Appendix (Page No. – 137)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables (69 Tables)

Table 1 Hydronic Control Market, By Equipment, 2015–2023 (USD Million)
Table 2 Hydronic Control Market for Valves, By Installation Type, 2015–2023 (USD Million)
Table 3 Hydronic Control Market for Valves, By Sector, 2015–2023 (USD Million)
Table 4 Market for Valves, By Region, 2015–2023 (USD Million)
Table 5 Market for Valves in Residential Sector, By Region, 2015–2023 (USD Million)
Table 6 Market for Valves in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 7 Market for Valves in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 8 Hydronic Control Market for Actuators, By Installation Type, 2015–2023 (USD Million)
Table 9 Market for Actuators, By Sector, 2015–2023 (USD Million)
Table 10 Market for Actuators, By Region, 2015–2023 (USD Million)
Table 11 Market for Actuators in Residential Sector, By Region, 2015–2023 (USD Million)
Table 12 Market for Actuators in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 13 Market for Actuators in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 14 Hydronic Control Market for Control Panels, By Installation Type, 2015–2023 (USD Million)
Table 15 Market for Control Panels, By Sector, 2015–2023 (USD Million)
Table 16 Market for Control Panels, By Region, 2015–2023 (USD Million)
Table 17 Market for Control Panels in Residential Sector, By Region, 2015–2023 (USD Million)
Table 18 Market for Control Panels in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 19 Market for Control Panels in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 20 Market for Flow Controllers, By Installation Type, 2015–2023 (USD Million)
Table 21 Market for Flow Controllers, By Sector, 2015–2023 (USD Million)
Table 22 Market for Flow Controllers, By Region, 2015–2023 (USD Million)
Table 23 Market for Flow Controllers in Residential Sector, By Region, 2015–2023 (USD Million)
Table 24 Market for Flow Controllers in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 25 Market for Flow Controllers in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 26 Market for Other Equipment, By Installation Type, 2015–2023 (USD Million)
Table 27 Market for Other Equipment, By Sector, 2015–2023 (USD Million)
Table 28 Market for Other Equipment, By Region, 2015–2023 (USD Million)
Table 29 Market for Other Equipment in Residential Sector, By Region, 2015–2023 (USD Million)
Table 30 Market for Other Equipment in Commercial Sector, By Region, 2015–2023 (USD Million)
Table 31 Market for Other Equipment in Industrial Sector, By Region, 2015–2023 (USD Million)
Table 32 Hydronic Control Market, By Installation Type, 2015–2023 (USD Million)
Table 33 Hydronic Control Market, By Sector, 2015–2023 (USD Million)
Table 34 Market for Residential Sector, By Equipment, 2015–2023 (USD Million)
Table 35 Market for Residential Sector, By Region, 2015–2023 (USD Million)
Table 36 Market for Commercial Sector, By Equipment, 2015–2023 (USD Million)
Table 37 Market for Commercial Sector, By Region, 2015–2023 (USD Million)
Table 38 Market for Industrial Sector, By Equipment, 2015–2023 (USD Million)
Table 39 Market for Industrial Sector, By Region, 2015–2023 (USD Million)
Table 40 Hydronic Control Market, By Region, 2015–2023 (USD Million)
Table 41 Events to Be Held in North America in 2018
Table 42 Hydronic Control Market in North America, By Equipment, 2015–2023 (USD Million)
Table 43 Market in North America, By Sector, 2015–2023 (USD Million)
Table 44 Market in North America, By Installation Type, 2015–2023 (USD Million)
Table 45 Market in North America, By Country, 2015–2023 (USD Million)
Table 46 Events to Be Held in Europe in 2018
Table 47 Hydronic Control Market in Europe, By Equipment, 2015–2023 (USD Million)
Table 48 Market in Europe, By Sector, 2015–2023 (USD Million)
Table 49 Market in Europe, By Installation Type, 2015–2023 (USD Million)
Table 50 Market in Europe, By Country, 2015–2023 (USD Million)
Table 51 Events to Be Held in APAC in 2018
Table 52 Hydronic Control Market in APAC, By Equipment, 2015–2023 (USD Million)
Table 53 Market in APAC, By Sector, 2015–2023 (USD Million)
Table 54 Market in APAC, By Installation Type, 2015–2023 (USD Million)
Table 55 Market in APAC, By Country, 2015–2023 (USD Million)
Table 56 Market in South America, By Equipment, 2015–2023 (USD Million)
Table 57 Market in South America, By Sector, 2015–2023 (USD Million)
Table 58 Market in South America, By Installation Type, 2015–2023 (USD Million)
Table 59 Market in South America, By Country, 2015–2023 (USD Million)
Table 60 List of Events to Be Held in RoW in 2018
Table 61 Hydronic Control Market in RoW, By Equipment, 2015–2023 (USD Million)
Table 62 Market in RoW, By Sector, 2015–2023 (USD Million)
Table 63 Market in RoW, By Installation Type, 2015–2023 (USD Million)
Table 64 Market in RoW, By Region, 2015–2023 (USD Million)
Table 65 Ranking of Key Players in Hydronic Control Market, 2017
Table 66 Partnerships, Agreements, and Contracts (2015–2016)
Table 67 Product Launches (2015–2017)
Table 68 Expansion (2015)
Table 69 Acquisitions, Mergers, and Joint Venture (2015–2016)

List of Figures (44 Figures)

Figure 1 Hydronic Control Market Segmentation
Figure 2 Hydronic Control Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Actuators to Hold Largest Size of market From 2018 to 2023
Figure 7 New Installation to Dominate Hydronic Control Market
Figure 8 Industrial Sector to Hold Largest Size of market From 2018 to 2023
Figure 9 Market in RoW to Grow at Highest CAGR During Forecast Period
Figure 10 Attractive Opportunities in market From 2018 to 2023
Figure 11 Market for Flow Controllers to Grow at Highest CAGR From 2018 to 2023
Figure 12 New Installation to Lead in market From 2018 to 2023
Figure 13 Industrial Sector to Hold Largest Size of market From 2018 to 2023
Figure 14 US to Hold Largest Size of Hydronic Control Market in 2018
Figure 15 North America to Hold Largest Share of market From 2018 to 2023
Figure 16 Hydronic Control Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 India’s Projected Energy Demand By 2047
Figure 18 Value Chain Analysis: Major Value Added During Manufacturing Stage
Figure 19 Hydronic Control Market, By Equipment
Figure 20 North America to Hold Largest Size of market for Valves During Forecast Period
Figure 21 Hydronic Control Market for Actuators in RoW to Grow at Highest CAGR During Forecast Period
Figure 22 Industrial Sector to Hold Largest Size of market for Flow Controllers From 2018 to 2023
Figure 23 North America to Hold Largest Size of market for Other Equipment During Forecast Period.
Figure 24 Hydronic Control Market, By Installation Type
Figure 25 Hydronic Control Market, By Sector
Figure 26 Actuators to Hold Largest Size of market for Residential Sector By 2023
Figure 27 Market for Industrial Sector in RoW to Grow at Highest CAGR During Forecast Period
Figure 28 Geographic Snapshot (2017): Canada and India to Witness Significant Growth During Forecast Period
Figure 29 North America: Snapshot of Market
Figure 30 US to Lead Hydronic Controls Market During Forecast Period
Figure 31 Europe: Snapshot of Market
Figure 32 Residential Sector to Grow at Highest CAGR in market in Europe From 2018 to 2023
Figure 33 APAC: Snapshot of Market
Figure 34 China to Hold Largest Size of market During Forecast Period
Figure 35 Actuators to Hold Largest Size of market in RoW From 2018 to 2023
Figure 36 Product Launches and Developments are Key Growth Strategies Adopted By Companies From 2015 to 2018
Figure 37 Battle for Market Share: Product Launches Was the Key Strategy
Figure 38 Danfoss: Company Snapshot
Figure 39 Siemens: Company Snapshot
Figure 40 Johnson Control: Company Snapshot
Figure 41 Honeywell: Company Snapshot
Figure 42 Schneider Electric: Company Snapshot
Figure 43 IMI PLC: Company Snapshot
Figure 44 Belimo: Company Snapshot

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コントロールバルブ（調節弁）の世界市場予測（～2023年）：リニア制御弁、ロータリーバルブ
MAM-SE3119 / MarketsandMarkets / 2017年6月14日 / 当調査レポートでは、コントロールバルブ（調節弁）の世界市場について調査・分析し、エグゼクティブサマリー、市場インサイト、市場概観/市場動向、産業動向、バリューチェーン分析、市場シェア分析、大きさ別分析、製品別分析、産業別分析、地域別分析、コントロールバルブ（調節弁）の世界市場規模及び予測、市場動向、競争状況、関連企業分析などの情報をお届けいたします。...“The overall control valves market is expected to grow at a CAGR of 5.33% between 2017 and 2023.” The overall control valves market is expected to be valued at USD 9.88 billion by 2023, growing at a CAGR of 5.33% between 2017 and 2023. The growth of this market is driven by factors such as rising demand for wireless infrastructure for maintaining and monitoring equipment in plants, revenue shift in industries, increasing demand for control valves for oil & gas and subsea applications, increased focus on proactive mechanism, rising number of nuclear plants, and enhancement of existing plants. However, lack...

CNCコントローラーの世界市場予測（～2023年）：CNCマシニングセンタ、CNCターニングセンタ
MAM-SE5384 / MarketsandMarkets / 2017年6月28日 / 当調査レポートでは、CNCコントローラーの世界市場について調査・分析し、エグゼクティブサマリー、市場インサイト、市場概観/市場動向、産業動向、バリューチェーン分析、市場シェア分析、装置別分析、機械種類別分析、産業別分析、地域別分析、CNCコントローラーの世界市場規模及び予測、市場動向、競争状況、関連企業分析などの情報をお届けいたします。...The CNC controller market is projected to be valued at USD 3.70 Billion by 2023, growing at a CAGR of 3.8% between 2017 and 2023. The growth of this market is propelled by the increase in adoption of industrial automation in the manufacturing sector and rising demand for mass production across end-user industries. CNC machining center is expected to hold the largest share of the overall controller market in 2017. They are used for a wide range of applications. Machining processes such as milling, drilling, tapping, and boring, which were traditionally done on conventional machine tools, can be done more...

照明制御システムの世界市場予測（～2023年）
MAM-SE5389 / MarketsandMarkets / 2017年7月5日 / 当調査レポートでは、照明制御システムの世界市場について調査・分析し、エグゼクティブサマリー、市場インサイト、市場概観/市場動向、産業動向、バリューチェーン分析、市場シェア分析、設置タイプ別分析、提供商品別分析、用途別分析、地域別分析、照明制御システムの世界市場規模及び予測、市場動向、競争状況、関連企業分析などの情報をお届けいたします。...According to MarketsandMarkets’ forecast, the lighting control system market, is expected to grow from USD 12.22 Billion in 2016 to USD 38.67 Billion by 2023, at a CAGR of 17.82% between 2017 and 2023. High requirement of energy-efficient lighting control systems, increasing adoption of Internet of Things (IoT) in lighting industry, acceptance of standard protocols for lighting control, and modernization and infrastructure development are the major drivers for the lighting control system. This report covers the lighting control system market on the basis of installation type, offering, application, communication protocol, and geography. The lighting control system market based on offering...

トンネル監視装置の世界市場予測（～2023年）
SE6215 / MarketsandMarkets / 2018年4月26日 / 当調査レポートでは、トンネル監視装置の世界市場について調査・分析し、エグゼクティブサマリー、市場インサイト、市場概観/市場動向、バリューチェーン分析、提供方式別分析、トンネル種類別分析、ネットワーク技術別分析、地域別分析、トンネル監視装置の世界市場規模及び予測、市場動向、競争状況、関連企業分析などの情報をお届けいたします。...“Catastrophic failures of tunnels, resulting in loss of lives and incurring high costs, to drive the growth of the tunnel monitoring system market” The tunnel monitoring system market is expected to grow from USD 340.7 million in 2018 to USD 663.8 million by 2023, at a CAGR of 14.27% between 2018 and 2023. The increasing investments in tunnel infrastructure across countries worldwide, catastrophic failure of tunnels resulting in loss of lives and incurring high costs, decreasing cost of sensors resulting in reduced cost of tunnel monitoring systems, and strict regulations pertaining to tunnel safety are driving the growth of the...

ホームセキュリティシステムの世界市場予測（～2023年）
SE-6558 / MarketsandMarkets / 2018年8月28日 / MarketsandMarketsが発行した当調査レポートでは、ホームセキュリティシステムの世界市場について調査・分析し、エグゼクティブサマリー、市場インサイト、市場概観/市場動向、バリューチェーン分析、住宅のタイプ別（戸建て、マンション・アパート）分析、システムタイプ別（業者によるインストール・監視、セルフインストール・業者による監視、DIY）分析、提供別（製品、サービス）分析、ホームセキュリティシステムの世界市場規模及び予測、市場動向、競争状況、関連企業分析などの情報をお届けいたします。...According to MarketsandMarkets, the home security system market is expected to reach USD 74.75 billion by 2023 from USD 45.58 billion in 2018, at a CAGR of 10.40% during the forecast period. The growth of the home security system market can be attributed to the emergence of IoT and wireless technologies, and increasing customer awareness . Video surveillance security systems are likely to hold the largest share of the home security product market by 2018. Among all products, a video surveillance system records all the activities in the vicinity; hence, a user can keep a watch on any untoward activity...

プロセス自動化およびインストルメンテーションの世界市場予測（～2023年）：現場計器、制御弁、分析器
MAM-SE2461 / MarketsandMarkets / 2017年7月10日 / 当調査レポートでは、プロセス自動化およびインストルメンテーションの世界市場について調査・分析し、エグゼクティブサマリー、市場インサイト、市場概観/市場動向、産業動向、バリューチェーン分析、市場シェア分析、装置別分析、ソリューション別分析、需要先別分析、地域別分析、プロセス自動化およびインストルメンテーションの世界市場規模及び予測、市場動向、競争状況、関連企業分析などの情報をお届けいたします。...The process automation & instrumentation market is expected to be valued at USD 62.64 Billion in 2017 and is likely to grow at a CAGR of 6.0% to reach USD 88.92 Billion by 2023. The market growth can be attributed to the rising emphasis on regulatory compliance in process industries, increasing adoption of IoT across various industries, shift in production approach from conventional practices to digitalized methods, growing labor wages in major manufacturing hubs, and rising demand for proactive solutions that can determine failures at component level, among others. Based on instrument, the process automation & instrumentation market has been...

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