PUBLISHER: KBV Research | PRODUCT CODE: 1584946
PUBLISHER: KBV Research | PRODUCT CODE: 1584946
North America Automation and Instrumentation In Power Market Size, Share & Trends Analysis Report By Instrument (Field Instruments, and Process Analyzers), By Solution, By Country and Growth Forecast, 2024 - 2031
The North America Automation and Instrumentation In Power Market would witness market growth of 6.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Automation and Instrumentation In Power Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,533.3 Million by 2031. The Canada market is expected to witness a CAGR of 8.5% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 7.7% during (2024 - 2031).
Automation and instrumentation in power market refers to the industry segment focused on providing technologies, solutions, and services to automate and enhance the instrumentation processes within the power generation, transmission, and distribution sectors. Automation and instrumentation are extensively used in power plants to control and monitor various processes such as boiler temperature, pressure, and fuel flow. These systems optimize energy production, ensure safety, and minimize environmental impact by regulating combustion processes and emissions.
Supervisory control and data acquisition (SCADA) systems are used for remote monitoring and control of power generation, transmission, and distribution. SCADA systems collect real-time data from sensors and equipment across the grid, enabling operators to monitor grid performance, detect faults, and remotely control devices. Automation and instrumentation are crucial in implementing smart grid technologies, including advanced metering infrastructure (AMI), distribution automation, and demand response systems. Smart grid technologies enable two-way communication between utilities and consumers, optimize energy distribution, and support the integration of renewable energy sources.
The influx of investment enables deploying advanced monitoring and control systems across Canada's power grid. Automation and instrumentation technologies are crucial in collecting real-time data, optimizing grid operations, and ensuring grid stability. The 2023 Federal budget proposes an additional C$20 billion (approximately US$15 billion) for the CIB to support major clean electricity and clean growth infrastructure projects. In conclusion, expansion of renewable energy and rising electricity production in the region is driving the growth of the market.
Based on Instrument, the market is segmented into Field Instruments, and Process Analyzers. Based on Solution, the market is segmented into Programmable Logic Controller (PLC), Distributed Control System (DCS), Safety Automation Supervisory Control and Data Acquisition (SCADA), Human Machine Interaction (HMI), Advanced Process Control (APC), and Manufacturing Execution System (MES). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Siemens AG
- ABB Group
- Emerson Electric Co.
- Rockwell Automation Inc.
- Omron Corporation
- Honeywell International, Inc.
- Schneider Electric SE
- Mitsubishi Electric Corporation
- Yokogawa Electric Corporation
- Danaher Corporation (Beckman Coulter, Inc.)
North America Automation and Instrumentation In Power Market Report Segmentation
By Instrument
- Field Instruments
- Process Analyzers
By Solution
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Safety Automation Supervisory Control and Data Acquisition (SCADA)
- Human Machine Interaction (HMI)
- Advanced Process Control (APC)
- Manufacturing Execution System (MES)
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Automation and Instrumentation In Power Market, by Instrument
- 1.4.2 North America Automation and Instrumentation In Power Market, by Solution
- 1.4.3 North America Automation and Instrumentation In Power Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Scenario and Composition
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansion
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2022, Feb - 2024, Jun) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Automation and Instrumentation In Power Market by Instrument
- 5.1 North America Field Instruments Market by Country
- 5.2 North America Process Analyzers Market by Country
Chapter 6. North America Automation and Instrumentation In Power Market by Solution
- 6.1 North America Programmable Logic Controller (PLC) Market by Country
- 6.2 North America Distributed Control System (DCS) Market by Country
- 6.3 North America Safety Automation Supervisory Control and Data Acquisition (SCADA) Market by Country
- 6.4 North America Human Machine Interaction (HMI) Market by Country
- 6.5 North America Advanced Process Control (APC) Market by Country
- 6.6 North America Manufacturing Execution System (MES) Market by Country
Chapter 7. North America Automation and Instrumentation In Power Market by Country
- 7.1 US Automation and Instrumentation In Power Market
- 7.1.1 US Automation and Instrumentation In Power Market by Instrument
- 7.1.2 US Automation and Instrumentation In Power Market by Solution
- 7.2 Canada Automation and Instrumentation In Power Market
- 7.2.1 Canada Automation and Instrumentation In Power Market by Instrument
- 7.2.2 Canada Automation and Instrumentation In Power Market by Solution
- 7.3 Mexico Automation and Instrumentation In Power Market
- 7.3.1 Mexico Automation and Instrumentation In Power Market by Instrument
- 7.3.2 Mexico Automation and Instrumentation In Power Market by Solution
- 7.4 Rest of North America Automation and Instrumentation In Power Market
- 7.4.1 Rest of North America Automation and Instrumentation In Power Market by Instrument
- 7.4.2 Rest of North America Automation and Instrumentation In Power Market by Solution
Chapter 8. Company Profiles
- 8.1 Siemens AG
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Product Launches and Product Expansions:
- 8.1.5.3 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 ABB Group
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Acquisition and Mergers:
- 8.2.6 SWOT Analysis
- 8.3 Emerson Electric Co.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Acquisition and Mergers:
- 8.3.6 SWOT Analysis
- 8.4 Rockwell Automation, Inc.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Acquisition and Mergers:
- 8.4.5.2 Geographical Expansions:
- 8.4.6 SWOT Analysis
- 8.5 Omron Corporation
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.5.5.2 Product Launches and Product Expansions:
- 8.5.6 SWOT Analysis
- 8.6 Honeywell International, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.6 SWOT Analysis
- 8.7 Schneider Electric SE
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 SWOT Analysis
- 8.8 Mitsubishi Electric Corporation
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Partnerships, Collaborations, and Agreements:
- 8.8.6 SWOT Analysis
- 8.9 Yokogawa Electric Corporation
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expenses
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Partnerships, Collaborations, and Agreements:
- 8.9.5.2 Product Launches and Product Expansions:
- 8.9.5.3 Acquisition and Mergers:
- 8.9.6 SWOT Analysis
- 8.10. Danaher Corporation (Beckman Coulter, Inc.)
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expense
- 8.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Automation and Instrumentation In Power Market, 2020 - 2023, USD Million
- TABLE 2 North America Automation and Instrumentation In Power Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Automation and Instrumentation In Power Market
- TABLE 4 Product Launches And Product Expansions- Automation and Instrumentation In Power Market
- TABLE 5 Acquisition and Mergers- Automation and Instrumentation In Power Market
- TABLE 6 Geographical Expansion- Automation and Instrumentation In Power Market
- TABLE 7 North America Automation and Instrumentation In Power Market by Instrument, 2020 - 2023, USD Million
- TABLE 8 North America Automation and Instrumentation In Power Market by Instrument, 2024 - 2031, USD Million
- TABLE 9 North America Field Instruments Market by Country, 2020 - 2023, USD Million
- TABLE 10 North America Field Instruments Market by Country, 2024 - 2031, USD Million
- TABLE 11 North America Process Analyzers Market by Country, 2020 - 2023, USD Million
- TABLE 12 North America Process Analyzers Market by Country, 2024 - 2031, USD Million
- TABLE 13 North America Automation and Instrumentation In Power Market by Solution, 2020 - 2023, USD Million
- TABLE 14 North America Automation and Instrumentation In Power Market by Solution, 2024 - 2031, USD Million
- TABLE 15 North America Programmable Logic Controller (PLC) Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Programmable Logic Controller (PLC) Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America Distributed Control System (DCS) Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Distributed Control System (DCS) Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Safety Automation Supervisory Control and Data Acquisition (SCADA) Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America Safety Automation Supervisory Control and Data Acquisition (SCADA) Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Human Machine Interaction (HMI) Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Human Machine Interaction (HMI) Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Advanced Process Control (APC) Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Advanced Process Control (APC) Market by Country, 2024 - 2031, USD Million
- TABLE 25 North America Manufacturing Execution System (MES) Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Manufacturing Execution System (MES) Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Automation and Instrumentation In Power Market by Country, 2020 - 2023, USD Million
- TABLE 28 North America Automation and Instrumentation In Power Market by Country, 2024 - 2031, USD Million
- TABLE 29 US Automation and Instrumentation In Power Market, 2020 - 2023, USD Million
- TABLE 30 US Automation and Instrumentation In Power Market, 2024 - 2031, USD Million
- TABLE 31 US Automation and Instrumentation In Power Market by Instrument, 2020 - 2023, USD Million
- TABLE 32 US Automation and Instrumentation In Power Market by Instrument, 2024 - 2031, USD Million
- TABLE 33 US Automation and Instrumentation In Power Market by Solution, 2020 - 2023, USD Million
- TABLE 34 US Automation and Instrumentation In Power Market by Solution, 2024 - 2031, USD Million
- TABLE 35 Canada Automation and Instrumentation In Power Market, 2020 - 2023, USD Million
- TABLE 36 Canada Automation and Instrumentation In Power Market, 2024 - 2031, USD Million
- TABLE 37 Canada Automation and Instrumentation In Power Market by Instrument, 2020 - 2023, USD Million
- TABLE 38 Canada Automation and Instrumentation In Power Market by Instrument, 2024 - 2031, USD Million
- TABLE 39 Canada Automation and Instrumentation In Power Market by Solution, 2020 - 2023, USD Million
- TABLE 40 Canada Automation and Instrumentation In Power Market by Solution, 2024 - 2031, USD Million
- TABLE 41 Mexico Automation and Instrumentation In Power Market, 2020 - 2023, USD Million
- TABLE 42 Mexico Automation and Instrumentation In Power Market, 2024 - 2031, USD Million
- TABLE 43 Mexico Automation and Instrumentation In Power Market by Instrument, 2020 - 2023, USD Million
- TABLE 44 Mexico Automation and Instrumentation In Power Market by Instrument, 2024 - 2031, USD Million
- TABLE 45 Mexico Automation and Instrumentation In Power Market by Solution, 2020 - 2023, USD Million
- TABLE 46 Mexico Automation and Instrumentation In Power Market by Solution, 2024 - 2031, USD Million
- TABLE 47 Rest of North America Automation and Instrumentation In Power Market, 2020 - 2023, USD Million
- TABLE 48 Rest of North America Automation and Instrumentation In Power Market, 2024 - 2031, USD Million
- TABLE 49 Rest of North America Automation and Instrumentation In Power Market by Instrument, 2020 - 2023, USD Million
- TABLE 50 Rest of North America Automation and Instrumentation In Power Market by Instrument, 2024 - 2031, USD Million
- TABLE 51 Rest of North America Automation and Instrumentation In Power Market by Solution, 2020 - 2023, USD Million
- TABLE 52 Rest of North America Automation and Instrumentation In Power Market by Solution, 2024 - 2031, USD Million
- TABLE 53 Key Information - Siemens AG
- TABLE 54 Key Information - ABB Group
- TABLE 55 Key Information - Emerson Electric Co.
- TABLE 56 Key Information - Rockwell Automation, Inc.
- TABLE 57 Key Information - Omron Corporation
- TABLE 58 Key Information - Honeywell International, Inc.
- TABLE 59 Key Information - Schneider Electric SE
- TABLE 60 Key Information - Mitsubishi Electric Corporation
- TABLE 61 Key Information - Yokogawa Electric Corporation
- TABLE 62 Key Information - Danaher Corporation
