Process Automation & Instrumentation Market in North America would register a CAGR of 2.7% during 2020-2026

12-Aug-2020 | Report Format: Electronic (PDF)

Growth, Trends and Report Highlights

According to a new report North America Process Automation & Instrumentation Market, published by KBV research, the North America Process Automation & Instrumentation Market would witness market growth of 2.7% CAGR during the forecast period (2020-2026).

The US market dominated the North America Process Automation & Instrumentation Control Valve Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 5.1% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 4.2% during (2020 - 2026).

The Distributed & Advanced Control System market dominated the Canada Process Automation & Instrumentation Market by Solution 2019. The PLC & SCADA market is anticipated to witness a CAGR of 4.5% during (2020 - 2026). Additionally, The Functional Safety market is estimated to grow at a CAGR of 5.7% during (2020 - 2026).

The Chemical market dominated the Mexico Process Automation & Instrumentation Market by End User 2019, thereby, achieving a market value of $597.5 million by 2026. The Energy & Power market is exhibiting a CAGR of 4.3% during (2020 - 2026). The Oil & Gas market would showcase a CAGR of 3.6% during (2020 - 2026). Additionally, The Food & Beverages market is expected to witness CAGR of 4.9% during (2020 - 2026).

Report Structural Insights: https://www.kbvresearch.com/north-america-process-automation-instrumentation-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Siemens AG, Emerson Electric Co., Schneider Electric SE, Honeywell International, Inc., General Electric (GE) Co., Mitsubishi Electric Corporation, Rockwell Automation, Inc., Yokogawa Electric Corporation, and HollySys Automation Technologies Ltd.