Lewes, DE -- (SBWIRE) -- 06/26/2015 -- Report forecast the automation and instrumentation market in power industry in Europe to grow at a CAGR of 5.11% over the period 2015-2019.

Automation is fast becoming an integral part of organizations in Europe. Many discrete manufacturing as well as process industries are adopting automated solutions to reduce their process variability and improve plant efficiency. Companies are able to optimize their business operations using automation solutions such as PLC, SCADA, and DCS, which effectively control production processes. Instruments, including flow meters, control valves, and transmitters, are used in automation processes to reduce the downtime and overall operational costs.

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

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

According to the report, globally, there has been a rise in energy consumption since the global economic crisis in 2009, leading to an increase in energy requirement, especially in Eastern Europe. Though thermal power plants remain the chief source of power generation in Western Europe, there are many growth opportunities for power generation using renewable sources, making way for the growth of the automation and instrumentation market both in the developed and developing economies of Europe. Technavio predicts that increased investment in smart grid technologies influencing the adoption of automation solutions will have a powerful impact throughout the forecast period.

Key players in the automation and instrumentation market in power industry in Europe: ABB, Emerson Process Management, Honeywell International, Schneider Electric and Siemens

Other Prominent Vendors in the market are: GE, Mitsubishi Electric, Rockwell Automation and Yokogawa Electric

Market Driver
- Increase in energy requirements
- For a full, detailed list, view our report

Market Challenge
- Growing adoption of alternative energy sources
- For a full, detailed list, view our report

Market Trend
- Development of advanced automation technologies
- 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 73 pages, "Automation and Instrumentation Market in Power Industry in Europe 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Automation Market Segmentation by Product, Segmentation of Instrumentation Market by Product, Key Leading Countries, 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-power-industry-europe-2015-2019

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