Process Automation and Instrumentation Market Outlook - Forecast Trends, Market Size, Share and Growth Analysis Report (2025-2034)
Description
The global process automation and instrumentation market attained a value of USD 73.52 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 6.30% to reach USD 135.44 Billion by 2034.
The growth of the process automation and instrumentation market is driven by the growing emphasis on digitalised technologies such as IoT. The field instrument segment is expected to grow at the fastest rate due to its ability to provide optimum productivity. The Asia Pacific region is anticipated to hold the largest market share due to the growing oil and gas and food and beverage sectors. Other factors leading to the growth in the region are rapid industrialisation and the enactment of favourable policies by the government.
Process Automation and Instrumentation Market Trends
Growing investments in automation technologies to enhance the capabilities of automation processes is a crucial trend of process automation and instrumentation market. The growing deployment of automation technology in end-use sectors such as chemicals, metals, and mining, are also some major market trends.
Recent Developments
As per the process automation and instrumentation market dynamics and trends, ABB announced the launch of a value provider program for process automation solutions at its partner conference in September 2023.
Industry Outlook
Process instrumentation in the chemical industry enables precise measurement of variables like temperature, pressure, flow rate, level, density, and composition, ensuring reliability, field-proven accuracy, and ease of maintenance. As per the process automation and instrumentation industry analysis, the chemical sector is a vital global industry and generated USD 3.9 trillion in sales in 2023 and employed over 22 million people, according to the International Council of Chemical Associations (ICCA). A few large multinational corporations dominate the industry, with the top 10 companies contributing over 30% of global sales, primarily based in North America, Europe, and Asia. China leads as the largest producer and consumer of chemicals, holding nearly 40% of global sales, followed by the United States, Germany, Japan, and South Korea.
According to the India Brand Equity Foundation, India's chemical industry is projected to experience significant growth from FY19 to FY25. In FY19, the market size was 178.0 billion, and it increased to 194.6 billion in FY20, which contributed to the growth of the process automation and instrumentation industry. This upward trend continued in FY21, reaching 212.8 billion. The growth trajectory persisted with the market size of 232.6 billion in FY22, marking a consistent rise. By FY23, the market expanded further to 254.3 billion. The growth rate is maintained with an expected market size of 278.1 billion in FY24. By FY25, India's chemical industry is anticipated to reach 304.0 billion, indicating a compound annual growth rate of 9.3% over the period from FY19 to FY25. This consistent growth underscores the sector's expanding footprint and increasing market potential in India.
Growing Adoption of Advanced Automation Technologies in Diverse Industrial Sectors
“Process Automation and Instrumentation Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
The industry can be broadly categorised based on instrument into: Control Valve Valve Body Actuator Others Analytical Instrument Ph Analyzer Conductivity Analyzer Gas Chromatograph Liquid Chromatograph
Based on solutions, the process automation and instrumentation market can be segmented into: Advanced Process Control (APC) Manufacturing Execution System (MES) By industry, it can be divided into:
The report presents a detailed analysis of the following key players in the global process automation and instrumentation market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
Process Automation and Instrumentation Market Regional Analysis
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. Furthermore, the growing pharmaceutical industry is boosting the demand of process automation and instrumentation market.
Key Indicators of Prices in the Global Process Automation and Instrumentation Market
The growth of the process automation and instrumentation market is driven by the growing emphasis on digitalised technologies such as IoT. The field instrument segment is expected to grow at the fastest rate due to its ability to provide optimum productivity. The Asia Pacific region is anticipated to hold the largest market share due to the growing oil and gas and food and beverage sectors. Other factors leading to the growth in the region are rapid industrialisation and the enactment of favourable policies by the government.
Process Automation and Instrumentation Market Trends
Growing investments in automation technologies to enhance the capabilities of automation processes is a crucial trend of process automation and instrumentation market. The growing deployment of automation technology in end-use sectors such as chemicals, metals, and mining, are also some major market trends.
Recent Developments
As per the process automation and instrumentation market dynamics and trends, ABB announced the launch of a value provider program for process automation solutions at its partner conference in September 2023.
Industry Outlook
Process instrumentation in the chemical industry enables precise measurement of variables like temperature, pressure, flow rate, level, density, and composition, ensuring reliability, field-proven accuracy, and ease of maintenance. As per the process automation and instrumentation industry analysis, the chemical sector is a vital global industry and generated USD 3.9 trillion in sales in 2023 and employed over 22 million people, according to the International Council of Chemical Associations (ICCA). A few large multinational corporations dominate the industry, with the top 10 companies contributing over 30% of global sales, primarily based in North America, Europe, and Asia. China leads as the largest producer and consumer of chemicals, holding nearly 40% of global sales, followed by the United States, Germany, Japan, and South Korea.
According to the India Brand Equity Foundation, India's chemical industry is projected to experience significant growth from FY19 to FY25. In FY19, the market size was 178.0 billion, and it increased to 194.6 billion in FY20, which contributed to the growth of the process automation and instrumentation industry. This upward trend continued in FY21, reaching 212.8 billion. The growth trajectory persisted with the market size of 232.6 billion in FY22, marking a consistent rise. By FY23, the market expanded further to 254.3 billion. The growth rate is maintained with an expected market size of 278.1 billion in FY24. By FY25, India's chemical industry is anticipated to reach 304.0 billion, indicating a compound annual growth rate of 9.3% over the period from FY19 to FY25. This consistent growth underscores the sector's expanding footprint and increasing market potential in India.
Growing Adoption of Advanced Automation Technologies in Diverse Industrial Sectors
- Rising demand for enhanced operational efficiency and productivity in manufacturing industries driving the adoption of process automation and instrumentation.
- Technological advancements in automation technologies, including AI, IoT, and machine learning, enhance system capabilities and performance as well as aid process automation and instrumentation demand growth.
- Expansion of applications in diverse sectors such as oil and gas, pharmaceuticals, and food and beverage, increasing market penetration.
- Established presence of key industry players with robust R&D capabilities and extensive service networks.
- Growing emphasis on energy efficiency and cost reduction in industrial operations fuelling demand for automation solutions.
- High initial investment costs associated with the deployment of advanced automation systems.
- Limited availability of skilled professionals to manage and maintain sophisticated automation systems impacts process automation and instrumentation demand forecast.
- Challenges in integrating new automation technologies with legacy systems in existing industrial setups.
- Stringent regulatory requirements and standards in various industries impacting the adoption of new technologies.
- Market fluctuations and economic uncertainties affecting capital expenditures in key end-use industries.
- Risks of cybersecurity threats and data breaches in connected automation systems, necessitating stringent security measures.
- Increasing focus on smart manufacturing driving the demand for integrated automation solutions fuels the process automation and instrumentation market value.
- Expansion of the renewable energy sector providing opportunities for automation in energy management and grid optimization.
- Growing adoption of wireless instrumentation and control systems for enhanced flexibility and cost-effectiveness.
- Rising demand for automation in emerging markets with expanding industrial bases and increasing investments.
- Development of advanced analytics and real-time monitoring solutions offering significant value-addition to automation systems.
- Opportunities for collaboration with research institutions and technology providers to innovate and enhance automation solutions.
- Government incentives and support for digital transformation initiatives in industrial sectors boosting market growth.
“Process Automation and Instrumentation Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
The industry can be broadly categorised based on instrument into:
- Field Instrument
- Pressure TransmitterAbsolute Pressure TransmitterGauge Pressure TransmitterDifferential Pressure TransmitterMultivariable Pressure Transmitter
- Temperature TransmitterLevel TransmitterCapacitive Level TransmitterUltrasonic Level TransmitterRadar Level TransmitterDifferential Pressure/HydrostaticMagnetostrictive Level TransmitterRadiometric Level TransmitterOthers
- Humidity Transmitter
- Vibration Level SwitchVibrating ForkVibrating Rod
Based on solutions, the process automation and instrumentation market can be segmented into:
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- SCADA
- Human Machine Interface (HMI)
- Safety Automation
- Emergency Shutdown System (ESD)
- Fire and Gas Monitoring and Control (FandG)
- High Integrity Pressure Protection System (HIPPS)
- Burner Management System (BMS)
- Turbomachinery Control (TMC)
- Chemicals
- Energy and Power
- Food and Beverages
- Metals and Mining
- Oil and Gas
- Pharmaceuticals
- Pulp and Paper
- Water and Wastewater
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The report presents a detailed analysis of the following key players in the global process automation and instrumentation market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABB Ltd. (SWX: ABBN)
- Emerson Electric Co. (NYSE: EMR)
- Honeywell International Inc. (NYSE: HON)
- Siemens AG (ETR: SIE)
- Schneider Electric SE (EPA: SU)
- Rockwell Automation Inc. (NYSE: ROK)
- General Electric Company (NYSE: GE)
- Others
Process Automation and Instrumentation Market Regional Analysis
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. Furthermore, the growing pharmaceutical industry is boosting the demand of process automation and instrumentation market.
Key Indicators of Prices in the Global Process Automation and Instrumentation Market
- Variations in the cost of electronic components and sensors influence the overall pricing of automation systems.
- Impact of research and development activities and innovation expenses on the pricing of advanced and customized automation solutions.
- Fluctuations in labour and manufacturing costs affecting the cost structure of automation products.
- Influence of international trade policies, tariffs, and regulations on the pricing of imported automation equipment as well as process automation and instrumentation demand.
- Government subsidies and incentives for digitalization and smart manufacturing affecting the affordability of automation solutions.
Table of Contents
176 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Process Automation and Instrumentation Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Process Automation and Instrumentation Historical Market (2018-2024)
- 5.3 Global Process Automation and Instrumentation Market Forecast (2025-2034)
- 5.4 Global Process Automation and Instrumentation Market by Instrument
- 5.4.1 Field Instrument
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.1.3 Breakup by Type
- 5.4.1.3.1 Pressure Transmitter
- 5.4.1.3.1.1 Historical Trend (2018-2024)
- 5.4.1.3.1.2 Forecast Trend (2025-2034)
- 5.4.1.3.2 Temperature Transmitter
- 5.4.1.3.2.1 Historical Trend (2018-2024)
- 5.4.1.3.2.2 Forecast Trend (2025-2034)
- 5.4.1.3.3 Level Transmitter
- 5.4.1.3.3.1 Historical Trend (2018-2024)
- 5.4.1.3.3.2 Forecast Trend (2025-2034)
- 5.4.1.3.4 Humidity Transmitter
- 5.4.1.3.4.1 Historical Trend (2018-2024)
- 5.4.1.3.4.2 Forecast Trend (2025-2034)
- 5.4.1.3.5 Vibration Level Switch
- 5.4.1.3.5.1 Historical Trend (2018-2024)
- 5.4.1.3.5.2 Forecast Trend (2025-2034)
- 5.4.2 Control Valve
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.2.3 Breakup by Type
- 5.4.2.3.1 Valve Body
- 5.4.2.3.1.1 Historical Trend (2018-2024)
- 5.4.2.3.1.2 Forecast Trend (2025-2034)
- 5.4.2.3.2 Actuator
- 5.4.2.3.2.1 Historical Trend (2018-2024)
- 5.4.2.3.2.2 Forecast Trend (2025-2034)
- 5.4.2.3.3 Others
- 5.4.3 Analytical Instrument
- 5.4.3.1 Historical Trend (2018-2024)
- 5.4.3.2 Forecast Trend (2025-2034)
- 5.4.3.3 Breakup by Type
- 5.4.3.3.1 Ph Analyzer
- 5.4.3.3.1.1 Historical Trend (2018-2024)
- 5.4.3.3.1.2 Forecast Trend (2025-2034)
- 5.4.3.3.2 Conductivity Analyzer
- 5.4.3.3.2.1 Historical Trend (2018-2024)
- 5.4.3.3.2.2 Forecast Trend (2025-2034)
- 5.4.3.3.3 Gas Chromatograph
- 5.4.3.3.3.1 Historical Trend (2018-2024)
- 5.4.3.3.3.2 Forecast Trend (2025-2034)
- 5.4.3.3.4 Liquid Chromatograph
- 5.4.3.3.4.1 Historical Trend (2018-2024)
- 5.4.3.3.4.2 Forecast Trend (2025-2034)
- 5.5 Global Process Automation and Instrumentation Market by Solution
- 5.5.1 Programmable Logic Controller (PLC)
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Distributed Control System (DCS)
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.5.3 SCADA
- 5.5.3.1 Historical Trend (2018-2024)
- 5.5.3.2 Forecast Trend (2025-2034)
- 5.5.4 Human Machine Interface (HMI)
- 5.5.4.1 Historical Trend (2018-2024)
- 5.5.4.2 Forecast Trend (2025-2034)
- 5.5.5 Safety Automation
- 5.5.5.1 Historical Trend (2018-2024)
- 5.5.5.2 Forecast Trend (2025-2034)
- 5.5.5.3 Breakup by Type
- 5.5.5.3.1 Emergency Shutdown System (ESD)
- 5.5.5.3.1.1 Historical Trend (2018-2024)
- 5.5.5.3.1.2 Forecast Trend (2025-2034)
- 5.5.5.3.2 Fire and Gas Monitoring & Control (F&G)
- 5.5.5.3.2.1 Historical Trend (2018-2024)
- 5.5.5.3.2.2 Forecast Trend (2025-2034)
- 5.5.5.3.3 High Integrity Pressure Protection System (HIPPS)
- 5.5.5.3.3.1 Historical Trend (2018-2024)
- 5.5.5.3.3.2 Forecast Trend (2025-2034)
- 5.5.5.3.4 Burner Management System (BMS)
- 5.5.5.3.4.1 Historical Trend (2018-2024)
- 5.5.5.3.4.2 Forecast Trend (2025-2034)
- 5.5.5.3.5 Turbomachinery Control (TMC)
- 5.5.5.3.5.1 Historical Trend (2018-2024)
- 5.5.5.3.5.2 Forecast Trend (2025-2034)
- 5.5.6 Advanced Process Control (APC)
- 5.5.6.1 Historical Trend (2018-2024)
- 5.5.6.2 Forecast Trend (2025-2034)
- 5.5.7 Manufacturing Execution System (MES)
- 5.5.7.1 Historical Trend (2018-2024)
- 5.5.7.2 Forecast Trend (2025-2034)
- 5.6 Global Process Automation and Instrumentation Market by Industry
- 5.6.1 Chemicals
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Energy and Power
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Food and Beverages
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.6.4 Metal and Mining
- 5.6.4.1 Historical Trend (2018-2024)
- 5.6.4.2 Forecast Trend (2025-2034)
- 5.6.5 Oil and Gas
- 5.6.5.1 Historical Trend (2018-2024)
- 5.6.5.2 Forecast Trend (2025-2034)
- 5.6.6 Pharmaceuticals
- 5.6.6.1 Historical Trend (2018-2024)
- 5.6.6.2 Forecast Trend (2025-2034)
- 5.6.7 Pulp and Paper
- 5.6.7.1 Historical Trend (2018-2024)
- 5.6.7.2 Forecast Trend (2025-2034)
- 5.6.8 Water and Wastewater
- 5.6.8.1 Historical Trend (2018-2024)
- 5.6.8.2 Forecast Trend (2025-2034)
- 5.6.9 Others
- 5.7 Global Process Automation and Instrumentation Market by Region
- 5.7.1 North America
- 5.7.1.1 Historical Trend (2018-2024)
- 5.7.1.2 Forecast Trend (2025-2034)
- 5.7.2 Europe
- 5.7.2.1 Historical Trend (2018-2024)
- 5.7.2.2 Forecast Trend (2025-2034)
- 5.7.3 Asia Pacific
- 5.7.3.1 Historical Trend (2018-2024)
- 5.7.3.2 Forecast Trend (2025-2034)
- 5.7.4 Latin America
- 5.7.4.1 Historical Trend (2018-2024)
- 5.7.4.2 Forecast Trend (2025-2034)
- 5.7.5 Middle East and Africa
- 5.7.5.1 Historical Trend (2018-2024)
- 5.7.5.2 Forecast Trend (2025-2034)
- 6 North America Process Automation and Instrumentation Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Process Automation and Instrumentation Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Process Automation and Instrumentation Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Process Automation and Instrumentation Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Process Automation and Instrumentation Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Value Chain Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 ABB Ltd.
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Emerson Electric Co.
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Honeywell International Inc.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Siemens AG
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Schneider Electric SE
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Rockwell Automation, Inc.
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 General Electric Company
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Others
Pricing
Currency Rates
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