Global Process Automation and Instrumentation Market Analysis & Trends - Industry Forecast to 2030
Description
Global Process Automation and Instrumentation Market Analysis & Trends - Industry Forecast to 2030
Process Automation and Instrumentation: Market Size
From $80.2 billion in 2024, the global Process Automation and Instrumentation market is projected to reach $127.2 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 8.0% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include rising need for efficient utilization of resources, growing trend of connected enterprises in process industries, and increasing utilization of IIOT across industries.
Global Process Automation and Instrumentation Market: Market Dynamics
The growth of the market can be attributed to the growing importance of cost optimization, increased productivity, minimized errors and better scalability; the increasing use of digital technologies such as machine learning, and artificial intelligence; and the rising emphasis on industrial automation and optimum utilization of resources. Industries are actively adopting process automation and instrumentation solutions across their production sites to streamline industry operations, achieve enhanced productivity, and reduce labor-related costs. The rising adoption of IoT across various industries and shift in production process from conventional to digital is another factor stimulating growth of this market in coming years.
On the other hand, the high implementation and maintenance costs, shortage of skilled personnel, and security threats are likely to obstruct the profit boundaries. In addition, growing need for efficient multivariable pressure transmitters and rising adoption of industry 4.0 by manufacturing firms will further boost for the process automation and instrumentation market.
Impact of COVID-19 on Process Automation and Instrumentation
The COVID-19 pandemic had negatively impacted the growth of the process automation and instrumentation market in 2020 owing to the disruptions in the supply chain and a decline in demand. The worldwide outbreak of COVID-19 has forced many businesses to limit their production and halt most of their operations. During this crisis, the main objective of the companies was to sustain their businesses by finding safer ways to continue manufacturing operations or find other sustainable ways to get the revenue stream flowing. The future impact is uncertain and depends on the spread of COVID-19 or the success of control measures undertaken to curb the spread of the virus.
By Instrument
Field Instruments Segment Dominate the Market in 2024
The field instruments segment made huge revenue in 2024 and growing its prominence during the forecast period. Field instruments assist in plant safety, managing plant assets, enhancing and optimizing overall production processes through data acquisition, control, and measurement. These instruments play a pivotal role in measuring and controlling process parameters in process industries. It is necessary to obtain key information regarding major parameters, including pressure, temperature, and level, to monitor and control processes quickly, smoothly, securely, and accurately, as well as to achieve optimum productivity. The constant release of advanced products to automate industrial processes and measure and control different process parameters is anticipated to propel the process automation and instrumentation market for field instruments.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the rising demand from the oil & gas and food & beverages industries due to the ever-increasing population in the region. There is a rise in the investments in clean energy infrastructure in Asia Pacific to meet escalating demand for electricity and reduce reliance on fossil fuels to generate energy. In addition, the process automation and instrumentation market for the pharmaceuticals industry in this region is expected to grow at the highest CAGR during the forecast time frame due to changing regulatory environment. Moreover, the advantages such as higher reliability and flexibility and greater speed and accuracy offered by process automation encourage pharma companies to adopt process automation and instrumentation solutions.
List of the Key Players Profiled in the Market Include:
• ABB Ltd
• Beckhoff Automation
• Carlo Gavazzi Holding AG
• Danaher Corporation
• Delta Electronics, Inc
• Emerson Electric Co
• General Electric Company
• Hollysys Automation Technologies Ltd
• Honeywell International Inc
• Metso Corporation
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Schneider Electric
• Siemens
• Yokogawa Electric Corporation
List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others
Table of Contents
200 Pages
- 1 Market Outline
- 1.1 Definition
- 1.2 Market Segmentation & Scope
- 1.3 Market Trends
- 1.4 Regulatory Factors
- 1.5 End User Analysis
- 1.6 Strategic Benchmarking
- 1.7 Opportunity Analysis
- 2 Executive Summary
- 3 Research Methodology and Data Source
- 3.1 Methodology/Research Approach
- 3.1.1 Research Programs/Design
- 3.1.2 Market Size Estimation
- 3.2 Data Source and Assumptions
- 3.2.1 Purchased Database
- 3.2.2 Company Repository
- 3.2.3 Secondary Sources
- 3.2.4 Primary Research
- 3.2.5 List of Assumptions
- 4 Market Overview
- 4.1 Current Trends
- 4.1.1 Rising Need for Efficient Utilization of Resources
- 4.1.2 Growing Trend of Connected Enterprises in Process Industries
- 4.1.3 Increasing Utilization of IIoT Across Industries
- 4.1.4 Growth Opportunities/Investment Opportunities
- 4.2 Drivers
- 4.3 Constraints
- 4.4 Impact of COVID-19
- 5 Market Factor Analysis
- 5.1 Porters Five Forces
- 5.1.1 Bargaining power of suppliers
- 5.1.2 Bargaining power of buyers
- 5.1.3 Threat of substitutes
- 5.1.4 Threat of new entrants
- 5.1.5 Competitive rivalry
- 5.2 Value Chain Analysis/Supply Chain Analysis
- 6 Consumer behaviour analysis/Consumer Research
- 6.1 Consumer trends and preferences
- 6.2 Factors affecting buying decision
- 6.3 Consumer product adoption
- 6.4 Observation & Recommendations
- 7 Process Automation and Instrumentation Market, By Component
- 7.1 Software
- DATA TABLE Software Market Forecast to 2030 (US$ MN)
- 7.2 Hardware
- DATA TABLE Hardware Market Forecast to 2030 (US$ MN)
- 7.3 Services
- DATA TABLE Services Market Forecast to 2030 (US$ MN)
- 8 Process Automation and Instrumentation Market, By Type
- 8.1 Process Automation
- DATA TABLE Process Automation Market Forecast to 2030 (US$ MN)
- 8.2 Process Instrumentation
- DATA TABLE Process Instrumentation Market Forecast to 2030 (US$ MN)
- 9 Process Automation and Instrumentation Market, By Communication Protocol
- 9.1 Wired Communication Protocol
- DATA TABLE Wired Communication Protocol Market Forecast to 2030 (US$ MN)
- 9.2 Wireless Communication Protocol
- DATA TABLE Wireless Communication Protocol Market Forecast to 2030 (US$ MN)
- 10 Process Automation and Instrumentation Market, By Instrument
- 10.1 Field Instruments
- DATA TABLE Field Instruments Market Forecast to 2030 (US$ MN)
- 10.1.1 Level Transmitters
- DATA TABLE Level Transmitters Market Forecast to 2030 (US$ MN)
- 10.1.2 Pressure Transmitters
- DATA TABLE Pressure Transmitters Market Forecast to 2030 (US$ MN)
- 10.1.2.1 Absolute Pressure Transmitter
- 10.1.2.2 Gauge Pressure Transmitter
- 10.1.2.3 Differential Pressure Transmitter
- 10.1.2.4 Multivariable Pressure Transmitter
- 10.1.3 Temperature Transmitters
- DATA TABLE Temperature Transmitters Market Forecast to 2030 (US$ MN)
- 10.1.3.1 Capacitive Level Transmitter
- 10.1.3.2 Ultrasonic Level Transmitter
- 10.1.3.3 Radar Level Transmitter
- 10.1.3.4 Differential Pressure/Hydrostatic
- 10.1.3.5 Magnetostrictive Level Transmitter
- 10.1.3.6 Radiometric Level Transmitter
- 10.1.4 Humidity Transmitters
- DATA TABLE Humidity Transmitters Market Forecast to 2030 (US$ MN)
- 10.1.5 Vibration Level Switches
- DATA TABLE Vibration Level Switches Market Forecast to 2030 (US$ MN)
- 10.1.5.1 Vibrating Fork
- 10.1.5.2 Vibrating Rod
- 10.2 Flow Meters
- DATA TABLE Flow Meters Market Forecast to 2030 (US$ MN)
- 10.3 Analytical Instruments
- DATA TABLE Analytical Instruments Market Forecast to 2030 (US$ MN)
- 10.3.1 pH Analyser
- DATA TABLE pH Analyser Market Forecast to 2030 (US$ MN)
- 10.3.2 Conductivity Analyser
- DATA TABLE Conductivity Analyser Market Forecast to 2030 (US$ MN)
- 10.3.3 Gas Chromatograph
- DATA TABLE Gas Chromatograph Market Forecast to 2030 (US$ MN)
- 10.3.4 Liquid Chromatograph
- DATA TABLE Liquid Chromatograph Market Forecast to 2030 (US$ MN)
- 10.4 Control Valve
- DATA TABLE Control Valve Market Forecast to 2030 (US$ MN)
- 10.4.1 Valve Body
- DATA TABLE Valve Body Market Forecast to 2030 (US$ MN)
- 10.4.2 Actuator
- DATA TABLE Actuator Market Forecast to 2030 (US$ MN)
- 10.4.3 Other Control Valves
- DATA TABLE Other Control Valves Market Forecast to 2030 (US$ MN)
- 10.4.3.1 Positioner
- 10.4.3.2 Converter I/P
- 10.5 Communication Hardware
- DATA TABLE Communication Hardware Market Forecast to 2030 (US$ MN)
- 10.6 Process Analyzers
- DATA TABLE Process Analyzers Market Forecast to 2030 (US$ MN)
- 11 Process Automation and Instrumentation Market, By Solution
- 11.1 Programmable Logic Controller (PLC)
- DATA TABLE Programmable Logic Controller (PLC) Market Forecast to 2030 (US$ MN)
- 11.2 Distributed Control System (DCS)
- DATA TABLE Distributed Control System (DCS) Market Forecast to 2030 (US$ MN)
- 11.3 Supervisory Control And Data Acquisition (SCADA)
- DATA TABLE Supervisory Control And Data Acquisition (SCADA) Market Forecast to 2030 (US$ MN)
- 11.4 Human–Machine Interface (HMI)
- DATA TABLE Human–Machine Interface (HMI) Market Forecast to 2030 (US$ MN)
- 11.5 Manufacturing Execution System (MES)
- DATA TABLE Manufacturing Execution System (MES) Market Forecast to 2030 (US$ MN)
- 11.6 Advanced Process Control (APC)
- DATA TABLE Advanced Process Control (APC) Market Forecast to 2030 (US$ MN)
- 11.7 Safety Automation
- DATA TABLE Safety Automation Market Forecast to 2030 (US$ MN)
- 11.7.1 Emergency Shutdown System (ESD)
- DATA TABLE Emergency Shutdown System (ESD) Market Forecast to 2030 (US$ MN)
- 11.7.2 Fire and Gas Monitoring and Control
- DATA TABLE Fire and Gas Monitoring and Control Market Forecast to 2030 (US$ MN)
- 11.7.3 High Integrity Pressure Protection System (HIPPS)
- DATA TABLE High Integrity Pressure Protection System (HIPPS) Market Forecast to 2030 (US$ MN)
- 11.7.4 Burner Management System (BMS)
- DATA TABLE Burner Management System (BMS) Market Forecast to 2030 (US$ MN)
- 11.7.5 Turbo Machinery Control (TMC)
- DATA TABLE Turbo Machinery Control (TMC) Market Forecast to 2030 (US$ MN)
- 12 Process Automation and Instrumentation Market, By End User
- 12.1 Chemicals
- DATA TABLE Chemicals Market Forecast to 2030 (US$ MN)
- 12.2 Energy & Power
- DATA TABLE Energy & Power Market Forecast to 2030 (US$ MN)
- 12.3 Food & Beverages
- DATA TABLE Food & Beverages Market Forecast to 2030 (US$ MN)
- 12.4 Metals & Mining
- DATA TABLE Metals & Mining Market Forecast to 2030 (US$ MN)
- 12.5 Oil & Gas
- DATA TABLE Oil & Gas Market Forecast to 2030 (US$ MN)
- 12.6 Pharmaceuticals
- DATA TABLE Pharmaceuticals Market Forecast to 2030 (US$ MN)
- 12.7 Pulp & Paper
- DATA TABLE Pulp & Paper Market Forecast to 2030 (US$ MN)
- 12.8 Water & Wastewater Treatment
- DATA TABLE Water & Wastewater Treatment Market Forecast to 2030 (US$ MN)
- 12.9 Other End Users
- DATA TABLE Other End Users Market Forecast to 2030 (US$ MN)
- 13 Process Automation and Instrumentation Market, By Geography
- 13.1 North America
- DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN)
- 13.1.1 US
- 13.1.2 Canada
- 13.1.3 Mexico
- 13.2 Europe
- DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN)
- 13.2.1 Germany
- 13.2.2 U.K
- 13.2.3 Italy
- 13.2.4 France
- 13.2.5 Spain
- 13.2.6 Rest of Europe
- 13.3 Asia Pacific
- DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN)
- 13.3.1 China
- 13.3.2 Japan
- 13.3.3 India
- 13.3.4 Australia
- 13.3.5 New Zealand
- 13.3.6 Rest of Asia Pacific
- 13.4 Middle East
- DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN)
- 13.4.1 Saudi Arabia
- 13.4.2 UAE
- 13.4.3 Rest of Middle East
- 13.5 Latin America
- DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN)
- 13.5.1 Argentina
- 13.5.2 Brazil
- 13.5.3 Rest of Latin America
- 13.6 Rest of the World (RoW)
- DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN)
- 13.6.1 South Africa
- 13.6.2 Others
- 14 Key Player Activities
- 14.1 Acquisitions & Mergers
- 14.2 Agreements, Partnerships, Collaborations and Joint Ventures
- 14.3 Product Launch & Expansions
- 14.4 Other Activities
- 15 Leading Companies
- 15.1 ABB Ltd
- 15.2 Beckhoff Automation
- 15.3 Carlo Gavazzi Holding AG
- 15.4 Danaher Corporation
- 15.5 Delta Electronics, Inc
- 15.6 Emerson Electric Co
- 15.7 General Electric Company
- 15.8 Hollysys Automation Technologies Ltd
- 15.9 Honeywell International Inc
- 15.10 Metso Corporation
- 15.11 Mitsubishi Electric Corporation
- 15.12 Robert Bosch GmbH
- 15.13 Schneider Electric
- 15.14 Siemens
- 15.15 Yokogawa Electric Corporation
- List of Tables
- Table 1 Global Process Automation and Instrumentation Market By Region, Market Forecast (2022-2030) (US $MN)
- Table 2 Global Process Automation and Instrumentation Market By Component, Market Forecast (2022-2030) (US $MN)
- Table 3 Global Process Automation and Instrumentation Market By Software, Market Forecast (2022-2030) (US $MN)
- Table 4 Global Process Automation and Instrumentation Market By Hardware, Market Forecast (2022-2030) (US $MN)
- Table 5 Global Process Automation and Instrumentation Market By Services, Market Forecast (2022-2030) (US $MN)
- Table 6 Global Process Automation and Instrumentation Market By Type, Market Forecast (2022-2030) (US $MN)
- Table 7 Global Process Automation and Instrumentation Market By Process Automation, Market Forecast (2022-2030) (US $MN)
- Table 8 Global Process Automation and Instrumentation Market By Process Instrumentation, Market Forecast (2022-2030) (US $MN)
- Table 9 Global Process Automation and Instrumentation Market By Communication Protocol, Market Forecast (2022-2030) (US $MN)
- Table 10 Global Process Automation and Instrumentation Market By Wired Communication Protocol, Market Forecast (2022-2030) (US $MN)
- Table 11 Global Process Automation and Instrumentation Market By Wireless Communication Protocol, Market Forecast (2022-2030) (US $MN)
- Table 12 Global Process Automation and Instrumentation Market By Instrument, Market Forecast (2022-2030) (US $MN)
- Table 13 Global Process Automation and Instrumentation Market By Field Instruments, Market Forecast (2022-2030) (US $MN)
- Table 14 Global Process Automation and Instrumentation Market By Level Transmitters, Market Forecast (2022-2030) (US $MN)
- Table 15 Global Process Automation and Instrumentation Market By Pressure Transmitters, Market Forecast (2022-2030) (US $MN)
- Table 16 Global Process Automation and Instrumentation Market By Temperature Transmitters, Market Forecast (2022-2030) (US $MN)
- Table 17 Global Process Automation and Instrumentation Market By Humidity Transmitters, Market Forecast (2022-2030) (US $MN)
- Table 18 Global Process Automation and Instrumentation Market By Vibration Level Switches, Market Forecast (2022-2030) (US $MN)
- Table 19 Global Process Automation and Instrumentation Market By Flow Meters, Market Forecast (2022-2030) (US $MN)
- Table 20 Global Process Automation and Instrumentation Market By Analytical Instruments, Market Forecast (2022-2030) (US $MN)
- Table 21 Global Process Automation and Instrumentation Market By pH Analyser, Market Forecast (2022-2030) (US $MN)
- Table 22 Global Process Automation and Instrumentation Market By Conductivity Analyser, Market Forecast (2022-2030) (US $MN)
- Table 23 Global Process Automation and Instrumentation Market By Gas Chromatograph, Market Forecast (2022-2030) (US $MN)
- Table 24 Global Process Automation and Instrumentation Market By Liquid Chromatograph, Market Forecast (2022-2030) (US $MN)
- Table 25 Global Process Automation and Instrumentation Market By Control Valve, Market Forecast (2022-2030) (US $MN)
- Table 26 Global Process Automation and Instrumentation Market By Valve Body, Market Forecast (2022-2030) (US $MN)
- Table 27 Global Process Automation and Instrumentation Market By Actuator, Market Forecast (2022-2030) (US $MN)
- Table 28 Global Process Automation and Instrumentation Market By Other Control Valves, Market Forecast (2022-2030) (US $MN)
- Table 29 Global Process Automation and Instrumentation Market By Communication Hardware, Market Forecast (2022-2030) (US $MN)
- Table 30 Global Process Automation and Instrumentation Market By Process Analyzers, Market Forecast (2022-2030) (US $MN)
- Table 31 Global Process Automation and Instrumentation Market By Solution, Market Forecast (2022-2030) (US $MN)
- Table 32 Global Process Automation and Instrumentation Market By Programmable Logic Controller (PLC), Market Forecast (2022-2030) (US $MN)
- Table 33 Global Process Automation and Instrumentation Market By Distributed Control System (DCS), Market Forecast (2022-2030) (US $MN)
- Table 34 Global Process Automation and Instrumentation Market By Supervisory Control And Data Acquisition (SCADA), Market Forecast (2022-2030) (US $MN)
- Table 35 Global Process Automation and Instrumentation Market By Human–Machine Interface (HMI), Market Forecast (2022-2030) (US $MN)
- Table 36 Global Process Automation and Instrumentation Market By Manufacturing Execution System (MES), Market Forecast (2022-2030) (US $MN)
- Table 37 Global Process Automation and Instrumentation Market By Advanced Process Control (APC), Market Forecast (2022-2030) (US $MN)
- Table 38 Global Process Automation and Instrumentation Market By Safety Automation, Market Forecast (2022-2030) (US $MN)
- Table 39 Global Process Automation and Instrumentation Market By Emergency Shutdown System (ESD), Market Forecast (2022-2030) (US $MN)
- Table 40 Global Process Automation and Instrumentation Market By Fire and Gas Monitoring and Control, Market Forecast (2022-2030) (US $MN)
- Table 41 Global Process Automation and Instrumentation Market By High Integrity Pressure Protection System (HIPPS), Market Forecast (2022-2030) (US $MN)
- Table 42 Global Process Automation and Instrumentation Market By Burner Management System (BMS), Market Forecast (2022-2030) (US $MN)
- Table 43 Global Process Automation and Instrumentation Market By Turbo Machinery Control (TMC), Market Forecast (2022-2030) (US $MN)
- Table 44 Global Process Automation and Instrumentation Market By End User, Market Forecast (2022-2030) (US $MN)
- Table 45 Global Process Automation and Instrumentation Market By Chemicals, Market Forecast (2022-2030) (US $MN)
- Table 46 Global Process Automation and Instrumentation Market By Energy & Power, Market Forecast (2022-2030) (US $MN)
- Table 47 Global Process Automation and Instrumentation Market By Food & Beverages, Market Forecast (2022-2030) (US $MN)
- Table 48 Global Process Automation and Instrumentation Market By Metals & Mining, Market Forecast (2022-2030) (US $MN)
- Table 49 Global Process Automation and Instrumentation Market By Oil & Gas, Market Forecast (2022-2030) (US $MN)
- Table 50 Global Process Automation and Instrumentation Market By Pharmaceuticals, Market Forecast (2022-2030) (US $MN)
- Table 51 Global Process Automation and Instrumentation Market By Pulp & Paper, Market Forecast (2022-2030) (US $MN)
- Table 52 Global Process Automation and Instrumentation Market By Water & Wastewater Treatment, Market Forecast (2022-2030) (US $MN)
- Table 53 Global Process Automation and Instrumentation Market By Other End Users, Market Forecast (2022-2030) (US $MN)
- NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.
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