global process automation market (2013 – 2018)

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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)

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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.

TRANSCRIPT

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

IndustryARC | 3

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

IndustryARC | 4

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

IndustryARC | 5

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

IndustryARC | 6

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

IndustryARC | 7

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)

IndustryARC | 9

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

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