The global process automation market was valued at USD 61.0 billion in 2014 and is expected to grow at a CAGR of approximately 5.0% between 2015 and 2020, and is expected to reach about USD 81.7 billion by 2020. It has been estimated that the application in the oil & gas sector would hold a large share of the process automation market; however its market growth could slow down due to the recent decline in oil prices. Applications in sectors such as pharmaceuticals, power, and pulp & paper are ex Mais
