Process Automation and Instrumentation Market: Global Industry Outlook and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Instrument, Solution, Industry and Region.

  • Process Automation and Instrumentation Market was valued nearly US$ 71.29 Bn. in 2023 and is estimated to grow at a CAGR of 4.7% and it is expected to reach at US$ 98.33Bn. by 2030.

  • Format : PDF | Report ID : SMR_313

Process Automation and Instrumentation Market Overview & Dynamics:

Process automation and instrumentation is referred to as the transformation of human thoughts into a computerized and technical model. It is a self-learning technological breakthrough that acts in a way that the human mind thinks by using gestures and patterns. Controlled measures in manufacturing are beneficial to the company's overall success. The segment analysis for the Process Automation and Instrumentation Market is provided on the basis of instrument, solution, industry and region

                                                                                                                                   

Process Automation and Instrumentation Market

 

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  • Maintain consistency: Quantification is an important aspect of every manufacturing business. Machines can run more efficiently and with less fluctuation if automated instrumentation is used effectively. It provides firms with greater room and time to expand.

 

  • Improves product quality: Process Automation & Instrumentation assists in preserving product quality by maintaining the right ratio of materials, maintaining proper temperature, and therefore monitoring outputs. These tools not only increase production quality, but also ensure safety during the process.

 

  • Increased production efficiency:  The most major benefit of process automation and instrumentation is lower labour expenses. It reduces the amount of human effort required to operate equipment. The performance of the instruments used in automation operations is improved, which reduces processing time.

Process Automation and Instrumentation Market

On the flip side, the automation instrumentation market's growth may be limited by a lack of effective product differentiation. Due to limited product differentiation, industry participants face rivalry from local and regional companies, which is one of the major roadblocks for notable players in the automation instrumentation market. Furthermore, the high initial investment required for automation instruments has a direct impact on the process automation and instrumentation market adoption.

 

The PLC Segment is expected to grow at the Largest CAGR Of 5.52% during the 2024-2030.

By Solution, PLC segment was valued US$ xx Bn. in 2023 and is expected to reach at US$ xx Bn. by 2030 at a CAGR of 5.52% over forecast period. The market for programmable logic control, which combines a PC and a PLC into a single system to control various industrial processes. Two or more processors, as well as PC-based software applications such as HMI (human machine interface) functions, asset management, historian, advanced process control (APC), and others with PLC capabilities, make up this controller. Because its programmable interface does not include ladder logic, this system can handle both analogue and digital signals.

 

PLC software may now be easily adjusted to meet specific requirements, which is a novel advancement. Standard communication is included in this software, which aids in the flow of data from many connected systems. In many industries, technological advancements can help with production and product flexibility.

 

Process Automation and Instrumentation Market

 

Pharmaceuticals segment is expected to witness significant growth throughout the forecast period.

Based on Industry, Pharmaceuticals segment held the largest process automation and instrumentation market share of xx% in 2023 and is expected to grow at the highest CAGR of 6.45% to reach US$ xx Bn. by 2030. Process automation is used in the pharmaceutical business to ensure that consistency is maintained in each batch of manufacturing. It also provides better process control and the ability to monitor processes from remote places. Process automation is becoming more popular in the pharmaceutical business as a result of this. In the pharma sector, the utilisation of liquid handling robots to improve reproducibility and raise the validity of data in High Throughput Screening (HTS) is one of the developed technology. Because automated methods are less prone to have reagent quantity inconsistencies, and HTS is a very consistent and repeatable process, this is the case. In Russia, considerable political motivation for investment and high oil prices ensured that most industries grew at a reasonable rate.

 

Leading market key players are working to demonstrate the opportunity to Global Process Automation and Instrumentation Market:

  • Yokogawa Turkey Industrial Automation Solutions A.S. (Yokogawa Turkey) and Renaissance Heavy Industries signed an agreement in March 2020. The former company will provide a control system and field instruments for the Zerger gas-fired power plant in Turkmenistan as a result of this agreement.

 

  • Schneider Electric and AutoGrid, the market leader in energy flexibility management software, announced a cooperation in January 2020. The alliance aimed to assist energy providers in integrating flexible distributed energy resources (DERs) owned or controlled by customers into their distribution management operations. The open standard IEEE 2030.5 is used to communicate data and control signals in the joint solution, which integrates Schneider EcoStruxure Advanced Distribution Management System (ADMS) with AutoGrid Flex, the energy industry's first fully-integrated flexibility management tool.

 

North America is expected to Hold Significant Share 0f 33.56% by 2030:

North America process automation and instrumentation market was valued US$ xx Bn. in 2023 and is expected to reach a value of US$ xx Bn. by 2030, with a CAGR of xx% during the forecast period. The expansion of the market in North America is attributable to large-scale domestic manufacturing, government initiatives toward automated technology, and technological advancement in information technology. The United States is on the threshold of the fourth industrial revolution where data is being used on an enormous scale for production and integrating the data with a wide array of manufacturing systems throughout the supply chain.

 

The United States has also been one of the world's largest automotive markets. In Canada, there are several automation and control system integrators that develop automation control panel solutions for the complete organisation, starting with conceptual design. However, The Asia-Pacific is expected to be the fastest-growing region in the Process automation and instrumentation market. The region contains a diverse spectrum of economies at various stages of development. Manufacturing, mining, semiconductors, automobiles, tobacco and beverage, pharmaceuticals, construction, oil and natural gas, electronics, and food processing are the major industries in APAC economies.

 

Product Launches and Expansions:

  • MicroSCADA X, the industry-acclaimed power and automation control system, was launched in India by ABB Power Grids in February 2020. MicroSCADA X comes with a next-generation human-machine interface (HMI) that allows for an intuitive and adaptive experience that gives clients clear and simple insights into their power infrastructure. The solution integrates market-leading features into a world-class, adaptable supervisory control and data acquisition (SCADA) system.

 

  • Honeywell introduced Experion PKS IT Highly Integrated Virtual Environment (HIVE), a game-changing new technology, in February 2020. Industrial producers were able to reduce project delivery and lifecycle costs, effectively use capabilities, and maintain consistent physical and cybersecurity management thanks to this technology.

 

The objective of the report is to present a comprehensive analysis of the Process Automation and Instrumentation Market to the stakeholders in the industry. The report provides trends that are most dominant in the Process Automation and Instrumentation Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Process Automation and Instrumentation Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Process Automation and Instrumentation Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Process Automation and Instrumentation Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Process Automation and Instrumentation Market is aided by legal factors.

 

Process Automation and Instrumentation Market Scope:

Process Automation and Instrumentation Market :

Segmentation

Market Indicators:

Details

 

by Instrument

  • Field Instruments
  • Level Transmitters
  • Pressure Transmitters
  • Temperature Transmitters
  • Others
  • Process Analyzers

Historical Data:

2016-2019

by Solution

  • PLC
  • DCS
  • SCADA
  • HMI
  • Functional Safety
  • MES

Forecast Period:

2018-2022    

by Industry

  • Oil & Gas
  • Chemicals
  • Pulp & Paper
  • Pharmaceuticals
  • Metals & Mining
  • Food & Beverages
  • Energy & Power
  • Water & Wastewater Treatment
  • Others

Base Year:

2023

by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

CAGR:

4.7 %.

Market Size in 2020:

US $  71.29 Bn.

Market size in 2027:

US $  98.33 Bn.

 

Major Players operating in the Global Process Automation and Instrumentation Market are:

  • ABB LTD.
  • EMERSON ELECTRIC CO.
  • SIEMENS
  • GENERAL ELECTRIC COMPANY
  • SCHNEIDER ELECTRIC
  • HONEYWELL INTERNATIONAL INC.
  • ROCKWELL AUTOMATION, INC.
  • YOKOGAWA ELECTRIC CORPORATION
  • MITSUBISHI ELECTRIC CORPORATION
  • ENDRESS+HAUSER GROUP SERVICES AG
  • OMRON CORPORATION
  • THERMO FISHER SCIENTIFIC INC.
  • FUJI ELECTRIC CO., LTD.
  • HITACHI, LTD.
  • DELTA ELECTRONICS, INC.


Frequently Asked Questions

Total CAGR expected to be recorded for the Process Automation and Instrumentation in APAC is 4.7 %

Chapter 1 Scope of the Report
Chapter 2 Research Methodology

      2.1.Research Process
      2.2.Global Process Automation and Instrumentation Market: Target Audience
      2.3.Global Process Automation and Instrumentation Market: Primary Research (As per Client Requirement)
      2.4.Global Process Automation and Instrumentation Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape

      4.1. Market Share Analysis, By Region, 2023-2030(In %)
                  4.1.1.1.North America Market Share Analysis, By Value, 2023-2030 (In %)
                  4.1.1.2.Europe Market Share Analysis, By Value, 2023-2030 (In %)
                  4.1.1.3.Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
                  4.1.1.4.South America Market Share Analysis, By Value, 2023-2030 (In %)
                  4.1.1.5.Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
      4.2. Market Dynamics
            4.2.1.Market Drivers
            4.2.2.Market Restraints
            4.2.3.Market Opportunities
            4.2.4.Market Challenges
            4.2.5.PESTLE Analysis
            4.2.6.PORTERS Five Force Analysis
            4.2.7.Value Chain Analysis
      4.3. Global Process Automation and Instrumentation Market Segmentation Analysis, 2023-2030 (Value US$ MN) 
                  4.3.1.1.Global Market Share Analysis, By Instrument, 2023-2030 (Value US$ MN)
                  4.3.1.1.1.Field Instruments
                  4.3.1.1.1.1.Level Transmitters
                  4.3.1.1.1.2.Pressure Transmitters
                  4.3.1.1.1.3.Temperature Transmitters
                  4.3.1.1.1.4.Others
                  4.3.1.1.2.Process Analyzers
            4.3.1.2. Global Market Share Analysis, By Solution, 2023-2030 (Value US$ MN)
                  4.3.1.2.1.PLC
                  4.3.1.2.2.DCS
                  4.3.1.2.3.SCADA
                  4.3.1.2.4.HMI
                  4.3.1.2.5.Functional Safety
                  4.3.1.2.6.MES
            4.3.1.3. Global Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
                  4.3.1.3.1.Oil & Gas
                  4.3.1.3.2.Chemicals
                  4.3.1.3.3.Pulp & Paper
                  4.3.1.3.4.Pharmaceuticals
                  4.3.1.3.5.Metals & Mining
                  4.3.1.3.6.Food & Beverages
                  4.3.1.3.7.Energy & Power
                  4.3.1.3.8.Water & Wastewater Treatment
                  4.3.1.3.9.Others
      4.4. North America Process Automation and Instrumentation Market Segmentation Analysis, 2023-2030 (Value US$ MN) 
            4.4.1.1.North America Market Share Analysis, By Instrument, 2023-2030 (Value US$ MN)
                  4.4.1.1.1.Field Instruments
                  4.4.1.1.1.1.Level Transmitters
                  4.4.1.1.1.2.Pressure Transmitters
                  4.4.1.1.1.3.Temperature Transmitters
                  4.4.1.1.1.4.Others
                  4.4.1.1.2.Process Analyzers
            4.4.1.2. North America Market Share Analysis, By Solution, 2023-2030 (Value US$ MN)
                  4.4.1.2.1.PLC
                  4.4.1.2.2.DCS
                  4.4.1.2.3.SCADA
                  4.4.1.2.4.HMI
                  4.4.1.2.5.Functional Safety
                  4.4.1.2.6.MES
            4.4.1.3. North America Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
                  4.4.1.3.1.Oil & Gas
                  4.4.1.3.2.Chemicals
                  4.4.1.3.3.Pulp & Paper
                  4.4.1.3.4.Pharmaceuticals
                  4.4.1.3.5.Metals & Mining
                  4.4.1.3.6.Food & Beverages
                  4.4.1.3.7.Energy & Power
                  4.4.1.3.8.Water & Wastewater Treatment
                  4.4.1.3.9.Others
            4.4.1.4. North America Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
                  4.4.1.4.1.US
                  4.4.1.4.2.Canada
                  4.4.1.4.3.Mexico
      4.5. Europe Process Automation and Instrumentation Market Segmentation Analysis, 2023-2030 (Value US$ MN) 
            4.5.1.1. Europe Market Share Analysis, By Instrument, 2023-2030 (Value US$ MN)
            4.5.1.2.Europe Market Share Analysis, By Solution, 2023-2030 (Value US$ MN)
            4.5.1.3.Europe Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
            4.5.1.4.Europe Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
                  4.5.1.4.1.UK
                  4.5.1.4.2.France
                  4.5.1.4.3.Germany
                  4.5.1.4.4.Italy
                  4.5.1.4.5.Spain
                  4.5.1.4.6.Sweden
                  4.5.1.4.7.Austria
                  4.5.1.4.8.Rest Of Europe
      4.6. Asia Pacific Process Automation and Instrumentation Market Segmentation Analysis, 2023-2030 (Value US$ MN) 
            4.6.1.1.Asia Pacific Market Share Analysis, By Instrument, 2023-2030 (Value US$ MN)
            4.6.1.2.Asia Pacific Market Share Analysis, By Solution, 2023-2030 (Value US$ MN)
            4.6.1.3.Asia Pacific Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
            4.6.1.4.Asia Pacific Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
                  4.6.1.4.1.China
                  4.6.1.4.2.India
                  4.6.1.4.3.Japan
                  4.6.1.4.4.South Korea
                  4.6.1.4.5.Australia
                  4.6.1.4.6.ASEAN
                  4.6.1.4.7.Rest Of APAC
      4.7. South America Process Automation and Instrumentation Market Segmentation Analysis, 2023-2030 (Value US$ MN) 
            4.7.1.1.South America Market Share Analysis, By Instrument, 2023-2030 (Value US$ MN)
            4.7.1.2.South America Market Share Analysis, By Solution, 2023-2030 (Value US$ MN)
            4.7.1.3.South America Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
            4.7.1.4.South America Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
                  4.7.1.4.1.Brazil
                  4.7.1.4.2.Argentina
                  4.7.1.4.3.Rest Of South America
      4.8. Middle East and Africa Process Automation and Instrumentation Market Segmentation Analysis, 2023-2030 (Value US$ MN) 
            4.8.1.1.Middle East and Africa Market Share Analysis, By Instrument, 2023-2030 (Value US$ MN)
            4.8.1.2.Middle East and Africa Market Share Analysis, By Solution, 2023-2030 (Value US$ MN)
            4.8.1.3.Middle East and Africa Market Share Analysis, By Industry, 2023-2030 (Value US$ MN)
            4.8.1.4.Middle East and Africa Market Share Analysis, By Country, 2023-2030 (Value US$ MN)
                  4.8.1.4.1.South Africa
                  4.8.1.4.2.GCC
                  4.8.1.4.3.Egypt
                  4.8.1.4.4.Nigeria
                  4.8.1.4.5.Rest Of ME&A
Chapter 5 Stellar Competition Matrix
            5.1.1.Global Stellar Competition Matrix
            5.1.2.North America Stellar Competition Matrix
            5.1.3.Europe Stellar Competition Matrix
            5.1.4.Asia Pacific Stellar Competition Matrix
            5.1.5.South America Stellar Competition Matrix
            5.1.6.Middle East and Africa Stellar Competition Matrix
      5.2. Key Players Benchmarking 
            5.2.1.Key Players Benchmarking By Instrument, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
      5.3. Mergers and Acquisitions in Industry
            5.3.1. M&A by Region, Value and Strategic Intent
Chapter 6 Company Profiles
      6.1. Key Players
            6.1.1.ABB LTD
                  6.1.1.1.Company Overview
                  6.1.1.2.Source Portfolio
                  6.1.1.3.Financial Overview
                  6.1.1.4.Business Strategy
                  6.1.1.5.Key Developments
            6.1.2.EMERSON ELECTRIC CO.
            6.1.3.SIEMENS
            6.1.4.GENERAL ELECTRIC COMPANY
            6.1.5.SCHNEIDER ELECTRIC
            6.1.6.HONEYWELL INTERNATIONAL INC.
            6.1.7.ROCKWELL AUTOMATION, INC.
            6.1.8.YOKOGAWA ELECTRIC CORPORATION
            6.1.9.MITSUBISHI ELECTRIC CORPORATION
            6.1.10.ENDRESS+HAUSER GROUP SERVICES AG
            6.1.11.OMRON CORPORATION
            6.1.12.THERMO FISHER SCIENTIFIC INC.
            6.1.13.FUJI ELECTRIC CO., LTD.
            6.1.14.HITACHI, LTD.
            6.1.15.DELTA ELECTRONICS, INC.
      6.2.Key Findings
      6.3.Recommendations

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