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  The global process automation and instrumentation market attained a value of USD 66.9 billion in 2018. The market is further expected to grow in the forecast period of 2019-2024 at a CAGR of 6.2% to reach USD 95.6 billion by 2024. The growing pharmaceutical industry is providing a boost to the process automation and instrumentation industry. The Asia Pacific is projected to witness the fastest growth during the forecast period owing to the rising investment in the energy and power sectors.

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