Global Process Automation Market (2013 – 2018)

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Industrial and specifically factory automation is the use of different control systems, software and other technologies for automation of the factory. The day to day technological advancements are helping the manufacturing process and other such tasks perform a lot faster and cost effective. The use of these technologies increases productivity, quality, almost negates wastage, faster interaction with different departments within the company and other such perks. The biggest market for this industry exists in china which is the primary hub of global manufacturing industry. China for example accounts for more than 60% of Siemens control systems manufacturing currently. The need for automation is due to the growing need for better quality products with increased production rates and also to reduce the labor costs.Control systems have the largest market in factories with M2M interaction making the process completely automated. Software’s like ERP gives business management solutions, PAC aids with M2M interaction in control systems. Sensors help in differentiating, error control and production managementThe 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%.The instrumentation market is governed by the major players like Emerson Electric Co. (U.S.), Yokogawa Electric Corporation, Inc. (Japan) and Endress+Hauser (Switzerland), among others. The APAC region is expected to rejuvenate the process automation market owing to the escalated demands from the oil and gas extraction, waste water treatment, and pharmaceutical verticals.Innovative products and services are gradually capturing the Industrial Automation market. Companies such as Sick AG are offering better miniature sensors to which are affordable and productive. Siemens who already have strong market in Asia are increasing production due to demand for automation in emerging countries like India.The report is segmented based product types, end use verticals and geographic regions. The market share analysis, strategies and future opportunities are also discussed in the report. The service market has been aiding the market in earning significant revenues apart from the hardware and software sales, with an augmented segment of the end-users, preferring the maintenance and outsourcing services instead of the in-house purchase and the subsequent maintenance.

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IndustryARC | 1
IndustryARC




Global Process Automation Market
(2013 – 2018)




By Type (PLC, SCADA, Valves, Transmitters, MES); By Industry (Chemical, Oil &
Gas, Petrochemical, F&B, Paper, Automotive)
IndustryARC | 2
TABLE OF CONTENTS

1. Global Process Automation – Market Overview
2. Executive Summary
3. Global Process Automation – Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End user profiling
3.2.3. Patent Analysis
3.2.4. Top 5 Financials Analysis
4. Global Process Automation – Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Process Automation Industry
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Global Process Automation Market – Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
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5.5. Suppliers and Distributors
6. Global Process Automation Market – Modules Analysis
6.1. Software Systems
6.1.1. Product Lifecycle Management (PLM)
6.1.2. Programmable Logic Controllers (PLC)
6.1.3. Supervisory Control and Data Acquisition (SCADA)
6.1.4. Manufacturing Execution Systems (MES)
6.1.5. Distributed Control Systems (DCS)
6.2. Instrumentation & Controls
6.2.1. Speed Sensors
6.2.2. Force/Strain Sensors
6.2.3. Position Sensors
6.2.4. Process Tachometers
6.2.5. Level Transmitters
6.2.6. Pressure Transmitters
6.2.7. Flow Transmitters
6.2.8. Temperature Transmitters
6.3. Switches
6.4. Controllers
6.5. I/O Cards
6.6. Process Automation Services
6.6.1. Installation and Commissioning
6.6.2. Design and Engineering
6.6.3. Operational Management and Maintenance
6.6.4. Others
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7. Process Automation Market - Valves, Actuators and Positioners Analysis
7.1. Positioners
7.1.1. Electro-Pneumatic Positioners
7.1.2. Pneumatic Positioners
7.1.3. Digital Positioners
7.2. Actuators
7.2.1. Introduction
7.2.1.1. Explosion-Proof
7.2.1.2. Safety Integrity Level (SIL)
7.2.1.3. IP and NEMA
7.2.2. Hydraulic Actuator
7.2.3. Pneumatic Actuator
7.2.4. Electric Actuator
7.2.4.1. Valve Motor Drive Actuator
7.2.4.2. Modulating Actuator
7.2.5. Mechanical Actuator
7.3. Valves
7.3.1. Control Valve
7.3.2. Overpressure Protection
7.3.3. Emergency Shut-down Valve
7.3.4. Check Valve
7.3.5. Others
8. Global Process Automation Market – By Verticals
8.1. Food and Beverage
8.2. Automotive
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8.3. Petrochemical
8.4. Oil and Gas
8.5. Chemical
8.6. Pharmaceutical
8.7. Water Treatment
8.8. Packaging
8.9. Paper and Pulp
8.10. Others
9. Global Process Automation Market-Geographic Analysis
9.1. Introduction
9.2. Americas
9.2.1. North America
9.2.2. Brazil
9.2.3. Argentina
9.2.4. Mexico
9.3. Europe
9.3.1. UK
9.3.2. France
9.3.3. Germany
9.4. APAC
9.4.1. China
9.4.2. South Korea
9.4.3. Japan
9.4.4. Australia
9.5. ROW
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10. Market Entropy
10.1. New Product Launches
10.2. M&As, Collaborations, JVs and Partnerships
11. Investment Opportunities – Analysis by Target companies/customers, Capital Investments,
ROI, Payback Period and Source of Funds.
12. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
12.1. ABB Ltd
12.2. Honeywell International Inc
12.3. Siemens AG
12.4. Yokogawa Electric Corp
12.5. Endress+Hauser AG
12.6. Invensys Plc
12.7. Metso Corporation
12.8. Omron Corporation
12.9. Schneider Electric
12.10. Rockwell Automation
12.11. Mitsubishi Electric Corporation
12.12. Yokogawa Electric Corporation
12.13. Teledyne Technologies Inc
12.14. Yamatake Corporation
12.15. Ametek Inc
12.16. Emerson Electric Co
12.17. Danaher Corporation
12.18. Aspen Technology Inc
12.19. CMC Associates
12.20. Cameron International Corporation
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13. Appendix
13.1. Abbreviations
13.2. Sources
13.3. Research Methodology
13.4. Bibliography
13.5. Compilation of Expert Insights
13.6. Disclaimer

IndustryARC | 8
LIST OF TABLES

Table 1 Process Automation Market, List of Companies Covered
Table 2 Global Process Automation Market, Competitive Share Analysis, 2013 (%)
Table 3 Global Process Automation Market, Software Systems - Competitive Share Analysis,
2013 (%)
Table 4 Global Process Automation Market, Instrumentation & Controls - Competitive Share
Analysis, 2013 (%)
Table 5 Global Process Automation Market, Process Automation Services- Competitive Share
Analysis, 2013 (%)
Table 6 Global Process Automation Market, Positioners Competitive Share Analysis, 2013 (%)
Table 7 Global Process Automation Market, Actuators Competitive Share Analysis, 2013 (%)
Table 8 Global Process Automation Market, Valves Competitive Share Analysis, 2013 (%)
Table 9 Top 5 Financials Analysis, 2011 – 2013
Table 10 Global Process Automation Market Revenue, 2012 – 2018($bn)
Table 11 Global Process Automation Market Revenue, By Product Types, 2012 – 2018($bn)
Table 12 Average Selling Price Analysis, Speed Sensors, 2012 – 2018 ($)
Table 13 Average Selling Price Analysis, Force/Strain Sensors, 2012 – 2018 ($)
Table 14 Average Selling Price Analysis, Speed Sensors, 2012 – 2018 ($)
Table 15 Average Selling Price Analysis, Position Sensors, 2012 – 2018 ($)
Table 16 Average Selling Price Analysis, Level Transmitters, 2012 – 2018 ($)
Table 17 Average Selling Price Analysis, Pressure Transmitters, 2012 – 2018 ($)
Table 18 Average Selling Price Analysis, Flow Transmitters, 2012 – 2018 ($)
Table 19 Average Selling Price Analysis, Temperature Transmitters, 2012 – 2018 ($)
Table 20 Average Selling Price Analysis, Positioners, 2012 – 2018 ($)
Table 21 Average Selling Price Analysis, Actuators, 2012 – 2018 ($)
Table 22 Average Selling Price Analysis, Valves, 2012 – 2018 ($)
Table 23 Software Systems Market Revenue, 2012 – 2018 ($bn)
Table 24 Instrumentation & Controls Market Revenue, 2012 – 2018 ($bn)
Table 25 PLC Market Revenue, 2012 – 2018 ($bn)
Table 26 MES Market Revenue, 2012 – 2018 ($bn)
Table 27 SCADA Market Revenue, 2012 – 2018 ($bn)
Table 28 DCS Market Revenue, 2012 – 2018 ($bn)
Table 29 PLM Market Revenue, 2012 – 2018 ($bn)
Table 30 Level Transmitters Market Revenue, 2012 – 2018 ($bn)
Table 31 Pressure Transmitters Market Revenue, 2012 – 2018 ($bn)
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Table 32 Flow Transmitters Market Revenue, 2012 – 2018 ($bn)
Table 33 Temperature Transmitters Market Revenue, 2012 – 2018 ($bn)
Table 34 Switches & Controllers Market Revenue, 2012 – 2018 ($bn)
Table 35 I/O Cards Market Revenue, 2012 – 2018 ($bn)
Table 36 I/O Cards Market Revenue, 2012 – 2018 ($bn)
Table 37 I/O Cards Market Revenue, 2012 – 2018 ($bn)
Table 38 Process Automation Services Market Revenue, 2012 – 2018 ($bn)
Table 39 Positioners Market Revenue, 2012 – 2018 ($bn)
Table 40 Actuators Market Revenue, 2012 – 2018 ($bn)
Table 41 Valves Market Revenue, 2012 – 2018 ($bn)
Table 42 Global Process Automation Market Revenue, By End Use Verticals, 2012 – 2018
($bn)
Table 43 Food and Beverage Industry, Process Automation Market Revenue, 2012 – 2018
($bn)
Table 44 Automotive Industry, Process Automation Market Revenue, 2012 – 2018 ($bn)
Table 45 Petrochemical Industry, Process Automation Market Revenue, 2012 – 2018 ($bn)
Table 46 Oil and Gas Industry, Process Automation Market Revenue, 2012 – 2018 ($bn)
Table 47 Chemical Industry, Process Automation Market Revenue, 2012 – 2018 ($bn)
Table 48 Pharmaceutical Industry, Process Automation Market Revenue, 2012 – 2018 ($bn)
Table 49 Water Treatment Industry, Process Automation Market Revenue, 2012 – 2018 ($bn)
Table 50 Packaging Industry, Process Automation Market Revenue, 2012 – 2018 ($bn)
Table 51 Paper and Pulp Industry, Process Automation Market Revenue, 2012 – 2018 ($bn)
Table 52 North America Process Automation Market Revenue, 2012 – 2018($bn)
Table 53 South America Process Automation Market Revenue, 2012 – 2018($bn)
Table 54 Europe Process Automation Market Revenue, 2012 – 2018($bn)
Table 55 Asia Pacific Process Automation Market Revenue, 2012 – 2018($bn)
Table 56 Middle East and Africa Process Automation Market Revenue, 2012 – 2018($bn)
Table 57 Recent Product Developments, Process Automation Industry
Table 58 M&A, JV, Agreements, Process Automation Industry







IndustryARC | 10
1. GLOBAL PROCESS AUTOMATION – MARKET OVERVIEW

1.1. SCOPE – MARKETS COVERED
The has been segmented on the basis of products and regional process automation market
markets. Detailed analysis is given for each of its product types along with its drivers, restraints
and challenges in terms of revenue from 2013 to 2018. This report is also segmented in terms of
region and gives sales of process automation industry with respect to each region. Therefore, for
example regional data on a detailed level has been provided for the U.S. market. This segment
discusses the demand of process automation and its various products in this region, with respect
to revenue.
The process automation market has some key players who hold major stakes in the market.
ABB, GE, Honeywell, Danaher, Emerson, Schneider are some of the leading manufacturers
present in the market. ABB was the largest company leading the process automation market in
2013.The report contains the most detailed and in-depth segmentation of the global process
automation industry.
1.2. STAKEHOLDERS
The following are the key stakeholders in the process automation market.
 Sensor Manufacturers
 Systems Manufacturers
 Product OEMs
 Contract manufacturer
 Service providers
 Distributors
 Component suppliers
 System integrators
 Maintenance companies
 IT and Automation Software Providers
 Engineering and Designing companies
 Project Testing and Commissioning Companies

IndustryARC | 11
2. EXECUTIVE SUMMARY

Industrial and specifically factory automation is the use of different control systems, software
and other technologies for automation of the factory. The day to day technological
advancements are helping the manufacturing process and other such tasks perform a lot faster
and cost effective. The use of these technologies increases productivity, quality, almost negates
wastage, faster interaction with different departments within the company and other such perks.
The biggest market for this industry exists in china which is the primary hub of global
manufacturing industry. China for example accounts for more than 60% of Siemens control
systems manufacturing currently. The need for automation is due to the growing need for better
quality products with increased production rates and also to reduce the labor costs.
Control systems have the largest market in factories with M2M interaction making the process
completely automated. Software’s like ERP gives business management solutions, PAC aids with
M2M interaction in control systems. Sensors help in differentiating, error control and production
management.
SAMPLE FIGURE: GLOBAL PROCESS AUTOMATION AND INSTRUMENTATION
MARKET REVENUE, 2012 - 2018 ($BN)

Source: IndustryARC Analysis, Expert Interviews, Secondary Sources, Trade Bodies and Associations

The global revenue is expected to grow from $87.67 billion in 2013, process automation market
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%.The instrumentation market is governed by the major players like
0
20
40
60
80
100
120
140
2012 2013 2014 2015 2016 2017 2018
Process Automation Process Instrumentation
IndustryARC | 12
Emerson Electric Co. (U.S.), Yokogawa Electric Corporation, Inc. (Japan) and Endress+Hauser
(Switzerland), among others. The APAC region is expected to rejuvenate the process automation
market owing to the escalated demands from the oil and gas extraction, wastewater treatment,
and pharmaceutical verticals.

Innovative products and services are gradually capturing the Industrial Automation market.
Companies such as Sick AG are offering better miniature sensors to which are affordable and
productive. Siemens who already have strong market in Asia are increasing production due to
demand for automation in emerging countries like India.
The report is segmented based product types, end use verticals and geographic regions. The
market share analysis, strategies and future opportunities are also discussed in the report. The
service market has been aiding the market in earning significant revenues apart from the
hardware and software sales, with an augmented segment of the end-users, preferring the
maintenance and outsourcing services instead of the in-house purchase and the subsequent
maintenance.


IndustryARC | 13
3. GLOBAL PROCESS AUTOMATION MARKET LANDSCAPE
ANALYSIS


Apart from process automation, process instrumentation is another major segment of this
report. The major players dealing in process instrumentation related products and solutions are
Emerson, Yokogawa, Invensys, Honeywell and Endress+Hauser.
SAMPLE FIGURE 2: PROCESS INSTRUMENTATION AND CONTROLS MARKET SHARE
ANALYSIS, 2013 (%)

Source: IndustryARC Analysis, Annual Reports

The above figure illustrates the market share of the top players in the process instrumentation
and controls market. This market encompasses segments like level transmitters, temperature, and
pressure and flow sensors/transmitters. Force sensors, speed and position (displacement)
sensors are the other product segments considered.

Emerson Yokogawa xx xx xx xx
IndustryARC | 14
4. GLOBAL OPTICAL SENSORS – MARKET FORCES

4.1. MARKET DRIVERS
4.1.1. Increasing Labor Costs and Need for Improving Product Production Rates

Increasing labor charges is a concern for the emerging markets. Emerging countries are focusing
and investing in education sector and hence the literacy rates are going up. This leads to lesser
labors in these regions. The number of labors retiring is much more than the number of labors
replacing them. These new labors that are joining have an upper hand to negotiate their wages
with the industries. All of this has created a question of concern for the industries as their
production cost goes up and the quality is also not ensured. China for example which became
the global manufacturing super power, primarily due to its cheap labor availability is slowly
losing its edge due to rise in labor wages, lack of labor pool for industries with expansion plans
and also strict enforcement of labor laws by government as well as auditing by the device OEMs.
To avoid this, many industries are ready to make one time investment and migrate to the
automated process plant. This ensures better quality, quantity, less downtime, less energy
consumption and many other benefits.
Increasing consumer demand for products which are cheaper has been further augmented by
competitive pricing and pressures in the individual industry verticals. Companies need to
increase automation at each stage and where possible implement it completely to survive and
grow their market share.
The impact is medium in the current scenario but is expected to increase slowly owing to the
decrease in the labor force. Modernization & migration services are expected to slow down in
the upcoming years, which will indicate that the market is maturing and most of the industries
will be automated.
6.2. INSTRUMENTATION AND CONTROLS

Process instrumentation is the market segment which includes field instruments that measure,
transmit and control a process in process based industries like petrochemical, oil & gas, mining,
chemical etc. Transmitters in the flow, temperature, pressure and level measurement fields are
included in this market segment. Key sensor types like force or strain sensors, displacement or
position sensors and speed sensors are also covered in this segment. These instruments play a
vital part in the field, and can be controlled or automated from the control room.
IndustryARC | 15
A Transmitter is a setup involving a sensor (meter) and, as the name aptly suggests, it is used to
measure and transmit data to the computer in the process industry. The measured information is
communicated to the computers through transmitters and then a necessary action is triggered, if
required.
SAMPLE TABLE 1: INSTRUMENTATION AND CONTROLS MARKET REVENUE, BY
TYPE (2012 – 2018) ($BN)
Type 2012 2013 2014 2015 2016 2017 2018 CAGR
(%)
Pressure Transmitters XX XX XX XX XX XX XX 4.56%
Flow Transmitters XX XX XX XX XX XX XX 7.20%
Level Transmitters 3.3 3.57 3.78 4.01 4.25 4.53 4.89 6.49%
Temperature
Transmitters
XX XX XX XX XX XX XX 4.30%
Speed Sensors XX XX XX XX XX XX XX XX
Force/Strain Sensors XX XX XX XX XX XX XX XX
Position Sensors XX XX XX XX XX XX XX XX
Total 31.5 33.1 XX XX XX XX 42.5 5.13%
Source: IndustryARC Analysis, Expert Interviews, Annual Reports

The above table showcases the market growth rates for the different product types in the global
process instrumentation and controls market segment. The overall process automation market
revenue is expected to increase from around $33.1bn in 2013 to around $42.5bn by 2018,
growing at around 5.13% CAGR during the forecast period. The level transmitters market
however is expected to increase at a higher rate of 6.49% during this period to reach $4.89bn in
2018 from around $3.57bn in 2013.
The proliferation of advanced electronic control systems has provided sensor users with on-
going advances in sensor accuracy, reliability, response time, robustness, miniaturization,
communications capability, and efficiencies. The sensor is responsible for converting physical
phenomenon into a quantity measurable by a data-acquisition system. Automation equipment is
becoming increasingly powerful and specifications are getting even more complex for industrial
applications. This calls for more intelligent sensors with high accuracy and fast data transfer- for
instance, contactless control systems. Typical application fields for semiconductor sensors are
contactless switching, index counting, position detection, current measurement, or pressure
detection.

IndustryARC | 16
6.2. 5. Level Transmitters

Level measurement techniques are vital and crucial part of the process instrumentation market.
There are several technologies for sensing and measuring level. The different technologies which
are used in the working of the level transmitters are: magnetostrictive, vibratory probes,
hydrostatic , magnetic and mechanical floats, pneumatic , capacitance, radar and ultrasonic etc.
SAMPLE TABLE 2: LEVEL TRANSMITTERS MARKET REVENUE, 2012 – 2018 ($BN)

Type 2012 2013 2014 2015 2016 2017 2018 CAGR%
(2013-
2018)
Magnetostrictive XX XX XX XX XX XX XX XX
Vibratory Probe XX XX XX XX XX XX XX XX
Hydrostatic XX XX XX XX XX XX XX XX
Magnetic & Mechanical
Float
XX XX XX XX XX XX XX XX
Pneumatic XX XX XX XX XX XX XX XX
Others XX XX XX XX XX XX XX XX
Total 3.3 3.57 3.78 4.01 4.25 4.53 4.89 6.49%
Source: IndustryARC Analysis, Expert Interviews, Annual Reports

The table above shows the different types of level sensors based on their underlying technology.
The global market is expected to increase from around $3.57bn in2013 to around $4.89bn by
2018, growing at a CAGR of around 6.49%.
Level sensing technologies are categorized into two types: Contact and Non-Contact based on
the nature of level sensing – mechanical or electronic, respectively. Contact Level sensors are the
level sensors using traditional technologies such as magnetostrictive, vibratory probe,
hydrostatic, magnetic & mechanical float, pneumatic & so on which are mechanical in nature.

Contact level sensors have had widespread penetration across several industry verticals by being
deployed in several products over the years. However, they are slowly being replaced by non
contact level sensors since the past few years, as the latter are more accurate, sophisticated
sensors using technologies such as capacitive, conductivity, ultrasonic & so on, which are
electronic in nature.

The others market contains emerging technology types like ultrasonic, capacitive, radar etc. An
ultrasonic level sensor emits high frequency acoustic signals which are reflected back and sensed
IndustryARC | 17
by the unit. This transit time is calculated from the sensor to the target and back to the sensor.
Applications that may have steam, foam, or high variances in the concentration of the process
material generally do not use ultrasonic level transmitters. Low radio frequency is used in the
capacitive units. These units are used to measure the conductivity of current in a closed circuit.
Level of the application proportionally varies the current in the closed circuit. Capacitance is a
function of the dialectic constant of the fluid, the

.
IndustryARC | 18
MARKET - TRENDS

 Process automation will grow on key growth factors like mass customization, supply
chain synchronization, integration of systems, functional costs and total system cost.

 As competition increases in the manufacturing industry and profit margins need to be
protected, companies can opt for significant automation of the factories to reduce costs
are move towards China, Taiwan for cheaper labor costs. This is a strategic decision
based on the various trade-offs and the type of product being manufactured.

 In the developed countries, the number of robots per 10,000 employees was 149 but it is
only 11 in emerging markets, 6 in Latin America and 7 in EMEA emerging regions. This
shows the huge scope and opportunity for the industrial automation market.

 Energy and Petrochemical segments are the fastest growing segments in the process
automation industry.



IndustryARC | 19
RESEARCH METHODOLOGY

The quantitative and qualitative data collected for the report is from process automation market
a combination of secondary and primary sources. Research interviews were conducted with
senior executives and/or managers of leading process automation solution providers. These Key
Opinion Leaders (KOLs) were then provided a questionnaire to gather quantitative and
qualitative inputs on their operations, performance, strategies and views on the overall market,
including key developments and technology trends. Data from interviews is consolidated,
checked for consistency and accuracy, and the final market numbers are again validated by
experts. The global market was split by product types and geography based on different factors
like primary and secondary sources, understanding of the number of companies operating in
each segment and also KOL insights.

We have used various secondary sources such as directories, articles, white papers, newsletters,
annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and
collect information for extensive technical and commercial study of the process automation
market. The following secondary sources were also used in the production of report and in
triangulation of data points.
 Automation Federation
 International Society of Automation
 Advancing safety in Medical Instrumentation
 Shanghai Optoelectronics Trade Association
 Control Systems Integrators Association
 The Optical Society
 Instrumentation & Measurement Society
 Association of Medical Imaging Management
 MEMS Industry Group
The key players in the market and its value chain were identified through secondary research and
their market opinions were also gathered in a similar way through telephonic interviews and
questionnaires. We have also studied the annual reports of these top market players. Interviews
with key opinion leaders such as directors, managers, marketing personnel were used extensively
in understanding the need and emergence of process automation market.
IndustryARC | 20
We also have extensive database of contacts which were used to conduct primary interviews and
also to get their inputs using questionnaires. The following companies were covered during
primary research:
 Metso Automation
 B-Scada
 Siemens AG
 HPCL
 Omron
 Eaton
 Rockwell Automation
 Sick AG
Our in-house reports database pertaining to level sensors, distance measurements sensors, image
sensors, industrial automation, color sensor markets were also used to identify market trends and
to get the historic, base market data for conducting the overall process automation market study.
IndustryARC | 21
THE ARC ADVANTAGE

An analytical model lies at the core of our process, ensuring logical consistency
throughout our research. We complement the model with secondary data and
interviews with industry experts to reflect the latest trends. With our final expert
validation, we provide you with only the most accurate and actionable intelligence.





























THE ARC PROCESS
ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL
Analytical
Method
Base Method Consolidation
Method
Delphi
Verification
1. Granular
breakdown of
drivers into
factors

2. Validate all
factors in terms
of their present
impact on the
market

3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market


4. Build the
Analytical Model
1. Get a top-
down estimate of
the market

2. Follow it up
with a bottom-up
estimate of the
market


3. Check
forconsistency
and new growth
factors that are
relevant over the
next 10 Years



4. Build the Base
model

1. Granular
breakdown of
drivers into
factors

2. Validate all
factors in terms
of their present
impact on the
market.

3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market.


4. Build the
Consolidated
Model
1. Verify the
findings of the
model with
experts from
across the value
chain

2. Verify the
findings with
players across
small and large
enterprises


3. Tweak the
model and add
new factors


4. Finalize the
ARC Model

IndustryARC | 22
ABOUT US
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