The global automation industry is expected to grow %, from $ billion in 2014 to $billion in 2015.
The process automation market is expected to grow % and the discrete automation market % in 2015.
The Asia-Pacific (APAC) region, growing at %, is poised to overtake the Europe, Middle East, and Africa (EMEA) region to become largest market for process automation in 2015.
Oil price fluctuations will have moderate impact with an estimated loss of revenue for global automation reaching $ million to $ million in 2015.
The industry software segment will outpace traditional control & safety market growth as industrial focus shifts from data gathering to data analysis.
The US market, growing at %, is expected to emerge as the most attractive for automation in 2015.
The process automation service segment will grow at % against the hardware growth of % in 2015.
Growth in TIMS* nations will outpace BRIC nations. The BRIC automation market is expected to grow at %, while the TIMS market will grow at %, in 2015.
About this report
This research service analyzes the global automation market and presents an outlook for 2015. The study provides detailed strategic trends and direction about the global market for 2015 and beyond. The research scope includes both process and discrete automation technologies. The study offers detailed analysis of key industry dynamics driving market growth; a vertical industry analysis; an in-depth competition landscape; global, regional, and country-specific analyses; and a look at emerging technology that could affect the global market. Implications of key technology trends for process and discrete automation also are examined. The base year is 2014.
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