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The market for process automation and instrumentation is anticipated to expand on average at a CAGR of 5.5% between 2023 and 2033. By 2023, the market is expected to be valued at US$ 1.06 billion, and by 2033, its market share is expected to reach US$ 1.72 billion. In this report, FMI has segmented the global process automation and instrumentation market on the basis of instrument type, solutions, application, and region. By instrument type, the process automation and instrumentation market are sub-segmented into transmitters, flow meters, analyzers, controllers, switches, recorders, switches, and vacuum instruments. With the increasing penetration of connected devices and rising the growth of industrial IoT, the transmitter sub-segment in the global process automation and instrumentation market accounted for more than 28% share in 2017. In addition, due to the rising adaptation of digital technologies by various industry verticals, the vacuum instrument sub-segment is estimated to register a high CAGR of 6.1% during the forecast period in the process automation and instrumentation market. Ready to make informed decisions for your business? Get our market overview sample and discover growth opportunities today https://www.futuremarketinsights.com/reports/sample/rep-gb-5075 On the basis of solutions, the global process automation and instrumentation market is sub-segmented into […]
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