Download a Free Sample Report before purchasing.<\/p>\n
Process Automation Market in Europe: Segmentation Analysis<\/p>\n
Technavio analyzes the process automation market in Europe by type (discrete automation and process automation) and geography (Germany, UK, France, and the Rest of Europe).<\/p>\n
By type, the market will witness significant growth in the discrete automation segment during the forecast period. Discrete automation divides manufacturing into bits then brings them all together to make autonomous goods, thus enabling manufacturers to measure each process. Such benefits are driving the growth of the segment.<\/p>\n
By geography, Germany will offer significant growth opportunities for market players. The increasing adoption of automation in the manufacturing sector and rising investments in AI technologies are driving the growth of the regional market. In addition, the rising popularity of collaborative robots in the automotive industry is expected to positively influence the growth of the process automation market in Europe.<\/p>\n
The process automation market in Europe covers the following areas:<\/p>\n
Process Automation Market SizingProcess Automation Market ForecastProcess Automation Market Analysis<\/p>\n
Process Automation Market in Europe: Key drivers<\/p>\n
The rising demand for process automation in the healthcare industry will be crucial in driving the growth of the market. The growing shortage of labor in the healthcare industry, hospitals, and clinics has forced end-users to adopt automated technologies. These technologies eliminate human errors and ensure efficient handling of medical goods and prevent delays or stock-outs of key items. Also, automation technologies enable healthcare companies to adhere to various regulatory standards and lower operational expenses. Many such benefits are increasing the adoption of automation technologies in healthcare technology, thereby driving the growth of the market.<\/p>\n
In addition, the virtualization of automation systems will further accelerate the growth of the market during the forecast period. However, infrastructure and customization issues will reduce the growth potential of market players.<\/p>\n
Get more highlights on major segments, regions, and other factors influencing the market growth.Download a Free Sample<\/p>\n
Companies Mentioned<\/p>\n
ABB Ltd.:The company offers process automation products such as Control Systems, PLC, and Industrial Analytics and AI.<\/p>\n
Eaton Corp. Plc:The company offers process automation products such as Easy Control Relays, Easy Safety Relays, and Touch Panel HMI\/PLC.<\/p>\n
Emerson Electric Co.:The company offers process automation products such as programmable automation controllers, motion control, and automation software.<\/p>\n
General Electric Co.:The company offers process automation and control services for power plants.<\/p>\n
Honeywell International Inc.: The company offers process automation products such as Control and Supervisory Systems, Field Instruments, and Process Instruments products.<\/p>\n
Grab our Free Sample to uncover other dominant players listed in our full report.<\/p>\n
Related Reports:Infrastructure Monitoring Market by Technology and Geography - Forecast and Analysis 2022-2026<\/p>\n
Digital Process Automation Market by Deployment and Geography - Forecast and Analysis 2022-2026<\/p>\n
Process Automation Market in Europe Scope<\/p>\n
Report Coverage<\/p>\n
Details<\/p>\n
Page number<\/p>\n
120<\/p>\n
Base year<\/p>\n
2021<\/p>\n
Forecast period<\/p>\n
2022-2026<\/p>\n
Growth momentum & CAGR<\/p>\n
Decelerate at a CAGR of 6.04%<\/p>\n
Market growth 2022-2026<\/p>\n
USD 2.43 billion<\/p>\n
Market structure<\/p>\n
Fragmented<\/p>\n
YoY growth (%)<\/p>\n
6.81<\/p>\n
Regional analysis<\/p>\n
Germany, UK, France, and Rest of Europe<\/p>\n
Performing market contribution<\/p>\n
Germany at 39%<\/p>\n
Competitive landscape<\/p>\n
Leading companies, competitive strategies, consumer engagement scope<\/p>\n
Companies profiled<\/p>\n
ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.<\/p>\n
Market Dynamics<\/p>\n
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.<\/p>\n
Customization purview<\/p>\n
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.<\/p>\n
Key Topics Covered:<\/p>\n
Executive Summary<\/p>\n
Market Landscape<\/p>\n
Market Sizing<\/p>\n
Five Forces Analysis<\/p>\n
Market Segmentation by Type<\/p>\n
Customer landscape<\/p>\n
Geographic Landscape<\/p>\n
Vendor Landscape<\/p>\n
Vendor Analysis<\/p>\n
Appendix<\/p>\n
About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.<\/p>\n
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http:\/\/www.technavio.com\/<\/a><\/p>\n SOURCE Technavio<\/p>\n <\/p>\n Read more from the original source:<\/p>\n Process Automation Market in Europe to grow by USD 2.43 Bn | Maximum growth opportunities expected in German market | Technavio - PRNewswire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Download a Free Sample Report before purchasing. Process Automation Market in Europe: Segmentation Analysis Technavio analyzes the process automation market in Europe by type (discrete automation and process automation) and geography (Germany, UK, France, and the Rest of Europe). By type, the market will witness significant growth in the discrete automation segment during the forecast period Continue reading