The Global Process Automation & Instrumentation Market is expected to experience solid growth into the year 2023. This from a recent report produced by research company Business Wire.
The report shows that North America holds the single largest market share at 40% of the global market with Europe and Asia second and third respectively.
From the official report sales page:
The Global Process Automation and Instrumentation Market was 61.38 Billion USD in 2017 and is estimated to reach 88.32 Billion USD by 2023 with a CAGR of 6.25% between 2017 and 2023.
One of the reasons for the growth of Process Automation and Instrumentation market is due to the adoption of multivendor portable applications. The industrial automation and rapid industrialization are also driving factors for market growth.
Check out the report website for more details.