Network Automation Market Growth
MarketStudyReport.com offers 2018 report on global Network Automation market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.
Network Automation Market will surpass USD 100 billion by 2024; according to a new research report.
The Network Automation is selected according to the nature of mixture. Separation is chiefly based on the size of particles carried by the fluid. Few other considerations for separation includes density, particle, viscosity, flow rate and concentration. Product separation is crucial step in chemical production, it involves separation of impurities from chemical compounds or separating various chemical compounds from each other.
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Industrial processing segment is likely to generate higher demand for Network Automation for the significant profitability from past few years. According to ICCA (The International Council of Chemical Associations) in 2012 the global chemical industry turnover was over USD 3492.90 billion. Further according to a report by government of India, the chemical export from India had increased from 9.3% in 2003-2008 to 10.6% in 2015-16. Such trend reflects strong growth aspects for Network Automation particularly in industrial processing. Moreover, chemical manufacturing companies use separation equipment to treat wastewater and optimize energy usage thus encouraging to focus on sustainable development. Few chemical companies are largely investing in innovative solutions which is positively influencing the market. For instance, Kanoria Chemicals & Industries Limited (KCI) established waste to wealth program at its plant located in India with the objective to recover chemically effluent water.
Oil & gas industry plays vital role in the global energy system. Over 31% of primary energy used worldwide is met by oil-based fuels. Thus, oil & gas industry will have demand for separation equipment to separate, remove, or transform these various components such as salt; gases and solids to produce hydrocarbons for fuels. Rising demand for oil-based fuel will propel Network Automation market over the forecast period.
Industrial centrifugal products are on high demand owing to increase in industrialization in Asia Pacific region. For instance, Indian government had initiated ?Make In India? program for industrial development, the program had attracted foreign direct investment of over USD 70 billion by the end of 2017. Similarly, government of China had revised their foreign investment cataloged, which has increased their foreign direct investment in industrial sector stimulating economic growth. Thus, industrial revolution in Asia Pacific will drive separation equipment demand.
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In 2017, North America held maximum market share in global Network Automation market, the region has been witnessing tremendous growth over the years owing to high demand for hydrocarbons. Further, Asia Pacific is likely to propel with a CAGR of 4.5% owing to industrial revolution and social economic factors.
The leading global companies of separation equipment market include ANDRITZ, Russell Finex, SWECO, GEA Group, Alfa Laval Corporate, etc. There are several other small and medium scale companies operating the market which hold significant market share of global Network Automation market.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Network Automation Market Industry Insights
Chapter 4. Network Automation Market, Product By Application
Chapter 5. Network Automation Market, By Application
Chapter 6. Network Automation Market, By Region
Chapter 7. Company Profiles
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