Market Research Logo

Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analyzer), Solution (APC, DCS, HMI, MES, PLC, Safety Automation, SCADA), End-User Industry, and Geography - Global Forecast to 2023

Process Automation & Instrumentation Market by Instrument (Field Instrument, Control Valve, Analyzer), Solution (APC, DCS, HMI, MES, PLC, Safety Automation, SCADA), End-User Industry, and Geography - Global Forecast to 2023

“Process automation & instrumentation market to exhibit significant growth between 2017 and 2023”
The process automation & instrumentation market is expected to be valued at USD 62.64 billion in 2017 and is likely to grow at a CAGR of 6.0% to reach USD 88.92 billion by 2023. The market growth can be attributed to the rising emphasis on regulatory compliance in process industries, increasing adoption of IoT across various industries, shift in production approach from conventional practices to digitalized methods, growing labour wages in major manufacturing hubs, and rising demand for proactive solutions that can determine failures at component level, among others.

“Market for control valves to grow at the highest rate between 2017 and 2023”
Control valves are the most commonly used control elements in process control systems. These are being devised to enable the flow of a fluid through a pipe based on the commands received from loop controllers such as a programmable logic controller (PLC). The burgeoning population worldwide is leading to an increase in the demand for energy, resulting in the rise of investments in the energy sector. In addition, the rising demand for clean portable water, along with safe and efficient waste collection and waste disposal facilities, is anticipated to augment the growth of the market for control valves in the coming years.

“Market for manufacturing execution system to grow at the highest rate during the forecast period”
The process automation and instrumentation market for manufacturing execution systems is anticipated to grow at the highest rate between 2017and 2022. MES is capable of performing multiple activities and provides efficiency by checking quality, as well as production optimization. It tracks prosecution processes with the help of process automation and helps plants maintain a proper track from the initial phase of raw materials to the end phase of distribution of products to end users. It is easier to gather data when the processes are executed using industrial automation as the control and technology systems are connected to MES and have a shared database. However, it is difficult to track the data collected manually as it requires manual addition of data in the system, which may lead to human errors. Due to this, MES is actively being adopted by process industries worldwide.

“Energy & power industry to outpace the process automation & instrumentation market by 2023”
The energy & power industry is projected to outpace the process automation & instrumentation market by 2023. The rising necessity to reduce unplanned downtime, improve plant efficiency, optimize operations, increase cost savings, and lower emissions is expected to propel the demand for process automation and instrumentation solutions in the energy & power industry.

“Asia Pacific to be the fastest-growing market for process automation & instrumentations during the forecast period”
The investments in energy infrastructure are rising in APAC due to the increase in the demand for electricity and policy makers’ push for better power reliability and home-grown industries. Also, the process automation and instrumentation market for the pharmaceuticals industry in this region is growing due to low-cost factors, changing regulatory environment, and significant development in the field of contract manufacturing. Owing to these factors, Asia Pacific is likely to be the fastest-growing market for process automation & instrumentation between 2017 and 2023.

Breakdown of the profiles of the primary participants in the report has been given below:
• By Company Type: Tier 1 – 37%, Tier 2 – 33%, and Tier 3 – 30%
• By Designation: C–Level Executives – 71% and Directors – 29%
• By Region: North America – 32%, Europe – 28%, APAC – 26%, and RoW – 14%
Some of the key players operating in the process automation & instrumentation market include ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International, Inc. (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), and Metso Corporation (Finland).

Research Coverage:
The process automation & instrumentation market research report covers different segments—type, instrument, solution, end-user industry, and geography. The market has been further segmented on the basis of instrument into (1) field instrument –pressure, temperature, level, and humidity; (2) control valve – valve body, actuator, and others; (3) analyzer –pH analyzer, conductivity analyzer, gas chromatograph, and liquid chromatograph. The report covers four major regions — North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
Illustrative segmentation; analysis; and forecast of the market by type, instrument, solution, end-user industry, and geography give an overall view of the process automation & instrumentation market
Value chain analysis to provide in-depth insights into the process automation & instrumentation market
Major drivers, restraints, opportunities, and challenges for the process automation & instrumentation market
Detailed competitive landscape, along with the key players, in-depth analysis, and revenue of the key players


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
    • VALUE CHAIN ANALYSIS - INDUSTRIAL AUTOMATION
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • PROCESS AUTOMATION & INSTRUMENTATION MARKET, 2017-2023 (USD BILLION)
    • PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INSTRUMENT (2017-2023)
    • PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION (2017-2023)
    • PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY END-USER INDUSTRY AND GEOGRAPHY (2017-2023)
    • PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY GEOGRAPHY (2017-2023)
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
  • PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY TYPE
    • INTRODUCTION
      • Table PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE, 2014-2023 (USD BILLION)
    • PROCESS AUTOMATION
      • Table MARKET FOR PROCESS AUTOMATION, BY END-USER INDUSTRY, 2014-2023 (USD BILLION)
      • Table MARKET FOR PROCESS AUTOMATION, BY GEOGRAPHY, 2014-2023 (USD BILLION)
    • PROCESS INSTRUMENTATION
      • Table MARKET FOR PROCESS INSTRUMENTATION, BY END-USER INDUSTRY, 2014-2023 (USD BILLION)
      • Table PROCESS INSTRUMENTATION MARKET, BY GEOGRAPHY, 2014-2023 (USD BILLION)
  • PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INSTRUMENT
    • INTRODUCTION
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY INSTRUMENT, 2014-2023 (USD BILLION)
    • FIELD INSTRUMENT
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY FIELD INSTRUMENT, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR FIELD INSTRUMENT, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR FIELD INSTRUMENT, BY REGION, 2014-2023 (USD MILLION)
      • PRESSURE
        • Table MARKET FOR PRESSURE TRANSMITTERS, BY FLUID MEASURED, 2014-2023 (USD MILLION)
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PRESSURE TRANSMITTERS, BY REGION, 2014-2023 (USD MILLION)
      • TEMPERATURE
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR TEMPERATURE TRANSMITTERS, BY REGION, 2014-2023 (USD MILLION)
      • LEVEL
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR LEVEL TRANSMITTERS, BY REGION, 2014-2023 (USD MILLION)
      • HUMIDITY
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HUMIDITY TRANSMITTER, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HUMIDITY TRANSMITTERS, BY REGION, 2014-2023 (USD MILLION)
    • CONTROL VALVE
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY CONTROL VALVE, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR CONTROL VALVES, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR CONTROL VALVES, BY REGION, 2014-2023 (USD MILLION)
      • VALVE BODY
      • ACTUATOR
      • OTHERS
    • ANALYZER
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY ANALYZER, 2014-2023 (USD BILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR ANALYZERS, BY END-USER INDUSTRY, 2014-2023 (USD BILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR ANALYZERS, BY REGION, 2014-2023 (USD BILLION)
      • PH ANALYZER
      • CONDUCTIVITY ANALYZER
      • GAS CHROMATOGRAPH
      • LIQUID CHROMATOGRAPH
  • PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY COMMUNICATION PROTOCOL
    • INTRODUCTION
    • WIRED COMMUNICATION PROTOCOL
    • WIRELESS COMMUNICATION PROTOCOL
  • PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION
    • INTRODUCTION
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY SOLUTION, 2014-2023 (USD BILLION)
    • PROGRAMMABLE LOGIC CONTROLLER (PLC)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PLC, BY END-USER INDUSTRY, 2014-2023 (USD BILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PLC, BY REGION, 2014-2023 (USD BILLION)
    • DISTRIBUTED CONTROL SYSTEM (DCS)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR DCS, BY END-USER INDUSTRY, 2014-2023 (USD BILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR DCS, BY REGION, 2014-2023 (USD BILLION)
    • SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SCADA, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SCADA, BY REGION, 2014-2023 (USD MILLION)
    • HUMAN MACHINE INTERFACE (HMI)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HMI, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HMI, BY REGION, 2014-2023 (USD MILLION)
    • SAFETY AUTOMATION
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SAFETY AUTOMATION, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SAFETY AUTOMATION, BY TYPE, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR SAFETY AUTOMATION, BY REGION, 2014-2023 (USD MILLION)
      • EMERGENCY SHUTDOWN SYSTEM (ESD)
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR EMERGENCY SHUTDOWN SYSTEMS BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • FIRE AND GAS MONITORING & CONTROL
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR FIRE & GAS MONITORING & CONTROL, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • HIGH INTEGRITY PRESSURE PROTECTION SYSTEM (HIPPS)
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR HIPPS, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • BURNER MANAGEMENT SYSTEM (BMS)
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR BMS, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • TURBOMACHINERY CONTROL (TMC)
        • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR TMC, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
    • ADVANCED PROCESS CONTROL (APC)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR APC, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR APC, BY REGION, 2014-2023 (USD MILLION)
    • MANUFACTURING EXECUTION SYSTEM (MES)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR MES, BY END-USER INDUSTRY, 2014-2023 (USD MILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR MES, BY REGION, 2014-2023 (USD MILLION)
  • PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY END-USER INDUSTRY
    • INTRODUCTION
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY END-USER INDUSTRY, 2014-2023 (USD BILLION)
    • CHEMICALS
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR CHEMICALS INDUSTRY, BY TYPE, 2014-2023 (USD BILLION)
    • ENERGY & POWER
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR ENERGY & POWER INDUSTRY, BY TYPE, 2014-2023 (USD BILLION)
    • FOOD & BEVERAGES
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR FOOD & BEVERAGES INDUSTRY, BY TYPE, 2014-2023 (USD BILLION)
    • METALS & MINING
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR METALS & MINING INDUSTRY, BY TYPE, 2014-2023 (USD BILLION)
    • OIL & GAS
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR OIL & GAS INDUSTRY, BY TYPE, 2014-2023 (USD BILLION)
    • PHARMACEUTICALS
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PHARMACEUTICALS INDUSTRY, BY TYPE, 2014-2023 (USD BILLION)
    • PULP & PAPER
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR PULP & PAPER INDUSTRY, BY TYPE, 2014-2023 (USD BILLION)
    • WATER & WASTEWATER
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR WATER & WASTEWATER INDUSTRY, BY TYPE, 2014-2023 (USD BILLION)
    • OTHERS
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET FOR OTHER INDUSTRIES, BY TYPE, 2014-2023 (USD BILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET, BY GEOGRAPHY, 2014-2023 (USD BILLION)
    • NORTH AMERICA
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET IN NORTH AMERICA, BY TYPE, 2014-2023 (USD BILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD BILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET IN EUROPE, BY TYPE, 2014-2023 (USD BILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET IN EUROPE, BY COUNTRY/REGION, 2014-2023 (USD BILLION)
      • GERMANY
      • UK
      • FRANCE
      • REST OF EUROPE
    • APAC
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET IN APAC, BY TYPE, 2014-2023 (USD BILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET IN APAC, BY COUNTRY/ REGION, 2014-2023 (USD BILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF APAC
    • ROW
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ROW, BY TYPE, 2014-2023 (USD BILLION)
      • Table PROCESS AUTOMATION & INSTRUMENTATION MARKET IN ROW, BY REGION, 2014-2023 (USD BILLION)
      • MIDDLE EAST
      • SOUTH AMERICA
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE ANALYSIS
      • RANKING ANALYSIS OF THE PLAYERS IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET, 2016
        • Table RANKING OF THE KEY PLAYERS IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET, 2016
    • PROCESS AUTOMATION AND INSTRUMENTATION MARKET: COMPETITIVE LEADERSHIP MAPPING, 2017
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • COMPETITIVE SITUATION AND TRENDS
      • PRODUCT LAUNCHES/DEVELOPMENTS
        • Table MOST SIGNIFICANT PRODUCT LAUNCHES/DEVELOPMENTS IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET
      • PARTNERSHIPS, AGREEMENTS, CONTRACTS, COLLABORATIONS, JOINT VENTURES, AND ACQUISITIONS
        • Table MOST SIGNIFICANT PARTNERSHIPS, AGREEMENTS, CONTRACTS, COLLABORATIONS, JOINT VENTURES, AND ACQUISITIONS IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET
      • EXPANSIONS
        • Table RECENT EXPANSIONS CARRIED OUT IN THE PROCESS AUTOMATION AND INSTRUMENTATION MARKET
  • COMPANY PROFILES
    • INTRODUCTION
    • ABB LTD.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERINGS SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • EMERSON ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • HONEYWELL INTERNATIONAL INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • ROCKWELL AUTOMATION, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • GENERAL ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • METSO CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • MITSUBISHI ELECTRIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • SCHNEIDER ELECTRIC SE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED SCORECARD
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • YOKOGAWA ELECTRIC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • KEY INNOVATORS
      • BECKHOFF AUTOMATION GMBH & CO., KG
      • HOLLYSYS AUTOMATION TECHNOLOGIES LTD.
      • INTECH PROCESS AUTOMATION INC.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report