marketreports

Inverters, relays, PLCs, Fuse, Connectors, displays, cable glands, and storage devices are some of the main electrical components of the overall 75 parts covered in the report. The complete ecosystem spanning several key manufacturers of the parts, distributors has been analyzed to give an in-depth understanding of the market landscape. Request Sample The global process automation market revenue is expected to grow from $87.67 billion in 2013, to $119.29 billion in 2018, at an estimated CAGR of 6.4% from 2013 to 2018. Also, the process instrumentation market is expected to grow from $23.67 billion in 2013, to $31.71 billion in 2018, with a CAGR of 6%. Inquiry Before Buying Process Automation and Process Instrumentation sectors being the key opportunity markets of the electric components (for factory automation) are witnessing robust growth rate across all industry verticals. The integration of electrical products with the industrial machinery has unfolded wider applications in the fiel...