Lewes, DE -- (SBWIRE) -- 05/15/2015 -- Report forecast the automation and instrumentation market in chemical and petrochemical industry in Europe to grow at a CAGR of 6.55% over the period 2014-2019.

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. The automation and instrumentation products are used in various discrete and process industries including oil and gas, chemical, refining, power, petrochemical, textile, automotive, and pharmaceutical industries. Effective deployment of these solutions will help reduce the downtime and optimize the overall operational cost of the organization.

The automation and instrumentation market in chemical and petrochemical industry in Europe can be segmented into two segments: industrial automation consisting of DCS, PLC, SCADA, and others; and automation instrumentation consisting of control valves, flow meters, and transmitters.

According to the report, increased intra-European trade is one of the major drivers of the market. The removal of trade barriers within European countries has increased trade and has also helped in the growth of intra-European chemical sales, which now occupies more than half of the sales of the total chemical market in Europe.

Further, the report states that high costs associated with chemical industry is one of the key challenges that the market faces. The chemical industry in Europe is affected by rising costs of operations, labor and raw materials, and is failing to attract major investments. The cost of labor has increased significantly over the years.

Automation and Instrumentation Market in Chemical and Petrochemical Industry in Europe, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the automation and instrumentation market in chemical and petrochemical industry in Europe: ABB Ltd., Emerson Electric Co., Honeywell International Inc., Rockwell Automation Inc. Siemens AG and Yokogawa Electric Corp.

Other Prominent Vendors in the market are: Applied Material, Aspen Technologies, Dassault Systèmes, FMC Technologies, GE, Metso, Miracom, Valmet, Mitsubishi Heavy Industries, Toshiba International, Schneider Electric, Omron, SAP and Werum Software & Systems

Market Driver
- Increased Intra-European Trade
- For a full, detailed list, view our report

Market Challenge
- High Dominance of APAC
- For a full, detailed list, view our report

Market Trend
- Increased Number of Automation Solution Offerings
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors

Spanning over 85 pages and 34 Exhibits "Automation and Instrumentation Market in Chemical and Petrochemical Industry in Europe 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Size and Forecast, Industrial Automation Market Segmentation by Product, Automation Instrumentation Market Segmentation by Product, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and Their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/automation-and-instrumentation-market-chemical-and-petrochemical-industry-europe-2015-2019

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