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Process Instrumentation and Measurement
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Competitive Intelligence

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  • Global PIM Industry Trends
  • Regional Market Outlook- North America, Europe, APAC
  • Supply Trends and Insights
  • Key Supplier Profiles

Market Size

CAGR

7.18 Percent

Market Size North America

$11.49 Bn

Market Size Europe

$10.71 Bn

Market Size Asia Pacific

$10.57 Bn

Table of contents

  1. Process Instrumentation and Measurement Executive Summary
  2. Global PIM Market Outlook: 2016 - 2020
  3. Regional Market Outlook
  4. Supply Market Outlook
  1. Process Instrumentation and Measurement Market Analysis
  2. Global PIM Market Maturity
  3. Global PIM Industry Trends
  4. Regional Market Outlook
  5. Industry Outlook
  6. Industry Drivers and Constraints
  7. Industry Dynamics: Porter's Five Forces Analysis
  1. Process Instrumentation and Measurement Supply Analysis
  2. Supply Trends and Insights
  3. Supplier Landscape Overview: Automation
  4. Supplier Preference for PIM Components
  5. Hierarchy of Control System and Major Players
  6. Supplier Capability Matrix
  7. Key Supplier Profiles
  1. Cost Structure Analysis
  2. Cost Breakup of an Automation Project
  3. Cost Analysis and Expected Savings
  4. Cost Saving Strategies
  5. Pricing Model
  1. Process Instrumentation and Measurement Procurement Best Practices
  2. Points to Consider in Purchasing Automation Control System
  3. Sourcing Model
  4. Best Practice: Sourcing Process
  5. Field Instrumentation Contracts
  6. Negotiation Levers - Volume Based Contract Management
  7. Maintenance Services
  8. Engagement Best Practices

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Process Instrumentation and Measurement Regional Market Outlook

  • North America is expected to continue to dominate the market, in terms of growth prospects in adopting automation through to 2020. The APAC region is expected to grow at the fastest CAGR for PIM from 2016 to 2020
  • Increasing focus on adopting automation across all industry verticals and spending more on new technologies are expected to be major drivers for the coming few years

process-instrumentation-measurement-global-market-sizeGlobal PIM Market Maturity 

  • The global PIM market was valued at $36.15 billion in 2016, and IT is expected to grow at a CAGR of 7.18 percent from 2017 to 2020, to reach $47.70 billion by 2020
  • North America accounted for 30 percent of the market share in 2016. The PIM market is fragmented and is competitively catering to a variety of industries with vast end-user segments across industries, such as utilities, chemicals, refining, pharmaceuticals, W&WW, food, etc

Global PIM Industry Trends 

  • Increasing levels of focus on high quality PIM equipment in the developed regions, like North America and Western Europe, such as heavy duty dust-tight enclosures, remote-mounted transmitters, etc., signal an increasing buyer maturity and willingness to partner with process control industry players
  • Global suppliers of PIM are entering new geographies in the developing regions, such as Chile, Brazil, India, etc., through M&A, thus offering multi-location solutions to global buyers
  • The fragmented automation market in APAC and LATAM has proven to be a big opportunity for global automation OEMs and service providers to tap into this market, thus, boosting the market for PIM

Global PIM Market Overview 

  • The global PIM market is expected to grow from $36.15 billion in 2016 to $47.40 billion in 2020, at an estimated CAGR of 7.18 percent from 2016 to 2020
  • The global process instrumentation market accounts for 30–35 percent of the global process automation market. With a rising adoption of automation across various industry verticals, growth of the PIM market is also paved simultaneously

Global PIM Market (2016 – 2020)

  • The global PIM market is driven by technological innovations and increasing demands for automation. Also, cost efficiency, reduction in engineering time, asset utilization, and energy efficiency are some of the major factors driving the growth of the PIM market
  • The BRIC countries are gaining momentum in the automation industry, with an anticipation to account for one-fourth of the total demand for process instrumentation and automation in the next 2 – 3 years
  • The global PIM manufacturers have a strong foothold, as there is a robust need for reliable and accurate instruments to support 24×7 manufacturing process

Global PIM Market by Components (2016)

  • Field instruments are critical products often supporting 24×7 manufacturing processes, and quality is a very essential parameter
  • Control valves are very important to increase efficiency, safety, and profitability of process industries
  • Global process industries use different types of field instruments for monitoring and controlling their plants. The amount of benefit businesses reap from process instruments, such as improvement in product quality, emission reduction, reduction in human errors, and cost savings, etc., which are offering more growth opportunities to the PIM market

Cost Breakup of an Automation Project 

  • Complete pricing of an automation project depends on different phases of engaging with an OEM (for product/integration or both), an integrator (for technical consultation/integration of the entire process), end-user benefits (validation/testing, etc., of the complete solution)
  • The pricing also varies across industries at a regional level

Process Instrumentation Market Overview

  • The automation industry does witness product/technology innovations and substitutions within the industry, including low cost imports, but this does not affect the industry’s growth as a whole or replace the role of PIM equipment.
  • Aautomation and instrumentation procurement intelligence show that supplier has more power, as the market is dominated by a few top players.
  • The top suppliers in the market are highly competitive, as ~58 percent of the automation industry market share is captured by the top 10 suppliers globally.
  • Buying PIMs are critical to the buyers’ business processes. Complexity of different processes demand innovation and technical efficiency, which are highly dependent on the suppliers. So, this dependence had led to higher power being vested with the suppliers
  • PIM equipment, such as transmitters, analyzers, sensors, etc., creates the direct impact on the profitability of the company, hence customers try to engage with a known and tested list of suppliers in the market within their budget limit, hence, new companies cannot gain market acceptance easily.
  • Fast-developing small companies are usually acquired by large companies
  • Although automation industry enjoys very high margins on their products & services, but tight competition between the top players, is putting the companies under a continuous price pressure, hence, there is a constant price discipline across the industry.
  • Race toward technological advancement, R&D and strategic alliances, in order to produce competitive products, increase the rivalry among large players

Why Should You Buy This Report

  • Information about process instrumentation market overview, industry trends, maturity, regional market outlook, etc.
  • Porter’s five force analysis of the global process instrumentation market.
  • Supplier trends and insights, profiles, product portfolio, etc.
  • SWOT analysis of major players like Siemens, Emerson Electric, and ABB Ltd.
  • Cost structure analysis, cost breakup, cost saving strategies, pricing models.
  • Automation and instrumentation procurement intelligence including best sourcing models, engagement practices, etc.

 

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