Global Process Automation and Instrumentation Market, By Type (Process Automation and Process Instrumentation), Instrument [Field Instrument, Control Valve and Analyser), Communication Protocol (Wired Communication Protocol and Wireless Communication Protocol), Solution (Programmable Logic Controller, Distributed control System, Supervisory Control and Data Acquisition, Human Machine Interface, Safety Automation, Advanced Process Control, Manufacturing Execution System), End Users (Chemicals, Energy and Power, Food and Beverages, Metals and Mining, Oil and Gas, Pharmaceuticals, Pulp and Paper, Water and Wastewater and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Process Automation and Instrumentation Market
Rising focus to improve the efficiency and effectiveness operations performed by various end users at different stages and further to reduce the operational costs have induced the rise in demand for process automation and instrumentation. Data Bridge Market Research analyses that the process automation and instrumentation market will exhibit a CAGR of 6.4% for the forecast period of 2021-2028. This means that the current market value will rise up to USD 122.90 billion by the year 2028.
Process automation and instrumentation is a process that involves careful monitoring of various business production processes. It is technology-enabled automation and instrumentation of complex business processes which helps to streamline the business towards simplicity, achieving organizational goals, improve quality and reduce operational costs. The technology also involves monitoring and controlling the physical quantities using various interconnected processes.
The rising adoption of industrial automation processes, rising demand for energy-efficient and cost-reducing processes, and emphasis on digital technologies have fuelled up the demand for process automation and instrumentation technology. The growth and expansion of various end-user verticals have further propelled the growth of this market. The rising adoption of proactive solutions that determine the failures at the component level has also paved the way for the growth of this market.
However, high initial investment coupled with high operational and maintenance costs will derail the growth rate. Hesitation and reluctance by small and medium-sized enterprises to adopt process automation and instrumentation processes will also pose a challenge to the market growth.
This process automation and instrumentation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on process automation and instrumentation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Process Automation and Instrumentation Market Scope and Market Size
The process automation and instrumentation market is segmented on the basis of type, instrument, communication protocol, solution and end users. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the process automation and instrumentation market is segmented into process automation and process instrumentation
- On the basis of instrument, the process automation and instrumentation market is segmented into field instrument, control valve and analyser. Field instrument is further sub-segmented into pressure, temperature, level and humidity. Control valve is sub-segmented into valve body, actuator and others. Others is further bifurcated into positioner and converter I/P. Analyser is sub-segmented into pH analyser, conductivity analyser, gas chromatograph and liquid chromatograph.
- On the basis of communication protocol, the process automation and instrumentation market is segmented into wired communication protocol and wireless communication protocol.
- On the basis of solution, the process automation and instrumentation market is segmented into programmable logic controller, distributed control system, supervisory control and data acquisition, human machine interface, safety automation, advanced process control, manufacturing execution system. Safety automation is further sub-segmented into emergency shutdown system (ESD), fire and gas monitoring and control, high integrity pressure protection system (HIPPS), burner management system (BMS) and turbo machinery control (TMC).
- On the basis of end users, the process automation and instrumentation market is segmented into chemicals, energy and power, food and beverages, metals and mining, oil and gas, pharmaceuticals, pulp and paper, water and wastewater and others.
Process Automation and Instrumentation Market Country Level Analysis
The process automation and instrumentation market is analysed and market size, volume information is provided by country, type, instrument, communication protocol, solution and end users as referenced above.
The countries covered in the process automation and instrumentation market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America commands the dominant share in the global market. This is because of the rise in adoption of industrial automation processes in the region. Prevalence of a strong technological base coupled with increased funding into petrochemical and chemical industry has further induced the growth in the region. Asia-Pacific on the other hand will register the highest growth rate during the forecast period. This is because of rapid growth and expansion of various end user verticals across countries in this region.
The country section of the process automation and instrumentation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Process Automation and Instrumentation Market Share Analysis
The process automation and instrumentation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the process automation and instrumentation market.
The major players covered in the process automation and instrumentation market report are Emerson Electric Co., Siemens, Rockwell Automation, Inc., General Electric, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, Schneider Electric, ABB, Honeywell International Inc., Robert Bosch GmbH, Hollysys Automation Technologies Ltd., Metso Corporation, Beckhoff Automation, Carlo Gavazzi Holding AG, Delta Electronics, Inc., Endress+Hauser Group Services AG, Idec Corporation, Inductive Automation, LLC, INTECH, and Maple Systems Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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