Instrumentation Global Market Released

       

Fior Markets has released a global market study report entitled Global Process Instrumentation Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023, which predicts exponential growth for the process instrumentation market over the next five years. Several key players that are expected to shape and drive this growth are analyzed, including ABB Ltd, Rockwell Automation, Schneider Electric, Siemens, Mitsubishi Electric, Honeywell International, and Yokogawa amidst a litany of others.

            The study takes a global approach, examining past market trends and their indicative futures along the key regions of North and Latin America, Africa, Europe, the Asiatic-Pacific area, and the Middle East. Competition among and within these regions has been extensively analyzed within the report. This inter-market competition is segmented into key areas, many of which overlap to show transparency, to underscore the dynamism and inclusive potential of the global market. Segmentation categories include: field instruments, control valves, analyzers (instrumentation type), and by Oil & Gas, Chemical & Pharmacy, Paper/Pulp, Water & Water Treatment, and of course, Power (application types).

            The study also poses several leading questions designed to make sense of the aforementioned data stream:

  • What are the influencing factors for the growth of the global market?
  • What are the major drivers and restraints of this market?
  • Which regions are most demanding in terms of production and consumption?
  • What are the key outcomes of industry analysis techniques?

            Overall the study predicts a progressive expansion of the instrumentation market over the next five years, mainly due to a diversified global economy, the increasing demand for greater and more efficient energy (which in turn drives up the need for precise measurement and control instrumentation), and the ineluctable rise of technology.

            As a recognized leader within the instrumentation industry, Otek prides itself on being part of this expected growth over the next five years. Our award-winning and patented technology continues to drive our commitment to innovation, precision, efficiency, and reliability every day. Our digital panel meters are enhanced with ultra-bright, pure white LED displays that nullifies the old parallax, inefficiency, and stuck needle syndrome of obsolete ammeters, and even replaces them form, fit, and function, using the same panels and wiring in most applications. Recently, we even became a Class 1E company because we believe our highly customizable and technologically advanced meters have enormous potential to help the nuclear industry.

             Otek is always looking toward tomorrow, with the lessons of the past firmly in hand.

            Give us a call at (520)748-7900 for more information on our products or email our sales department for a quote at sales@otekcorp.com.

            A sample copy of the Fior Market study may be obtained here: https://www.fiormarkets.com/report-detail/332965/request-sample