Process Control Automation Global Market Report 2024

Description

Process control automation is the utilization of technology and systems to monitor and adjust industrial processes automatically, aiming to achieve desired outputs. It involves implementing control systems that oversee various facets of a production process without direct human intervention, ultimately minimizing waste, reducing downtime, and enhancing product quality.

The primary instruments used in process control automation include humidity transmitters, temperature transmitters, pressure transmitters, level transmitters, control valves, analyzers, communication hardware, and other related devices. Various solutions employed in this domain encompass programmable logic controllers (PLCs), distributed control systems (DCS), manufacturing execution systems (MES), supervisory control and data acquisition (SCADA) systems, automated production systems (APS), operator training systems (OTS), safety automation, and other specialized solutions. These technologies find application across diverse industries such as oil and gas, chemical, pharmaceutical, food and beverage, metal and mining, power generation, pulp and paper, water and wastewater treatment, among others.

The process control automation market research report is one of a series of new reports from The Business Research Company that provides process control automation market statistics, including process control automation industry global market size, regional shares, competitors with a process control automation market share, detailed process control automation market segments, market trends and opportunities, and any further data you may need to thrive in the process control automation industry. This process control automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The process control automation market size has grown steadily in recent years. It will grow from $59.86 billion in 2023 to $62.71 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth observed during the historic period can be attributed to several factors, including the Industry 4.0 revolution in the manufacturing sector, the increasing need to achieve process optimization in shorter time frames, the rising proportion of the population entering the middle and upper classes, the reduction of operating costs facilitated by the advent of the Internet of Things (IoT), and the implementation of new policies and regulations.

The process control automation market size is expected to see strong growth in the next few years. It will grow to $76.80 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The projected growth in the forecast period is expected to be driven by several factors, including the expansion of the manufacturing sector, a rising demand for automation across industries, an increasing need for machinery, a growing number of government initiatives supporting automation, and an uptick in the utilization of remote operations. Noteworthy trends anticipated during this period include technological advancements, the utilization of advanced software solutions, the emergence of process automation companies, a focus on product innovation, and a widespread adoption of automation technologies.

The anticipated expansion of the manufacturing sector is poised to drive the growth of the process control automation market. The manufacturing sector, encompassing activities such as machining, fabrication, assembly, and chemical processing, is experiencing growth attributed to factors including economic expansion, government initiatives, consumer demand shifts, and resilient supply chains. Process control automation plays a pivotal role in manufacturing operations by enhancing efficiency, quality, productivity, flexibility, safety, and cost-effectiveness. It empowers manufacturers to maintain competitiveness amidst the complexities of the modern business landscape. For instance, data from the National Association of Manufacturers (NAM) revealed steady growth in manufacturing value-added production, rising from $2.905 trillion in the first quarter of 2023 to $2.895 trillion in the fourth quarter, accounting for 10.9% of the US economy's value-added output in the first quarter. This underscores the driving force behind the growth of the process control automation market.

Prominent players in the process control automation market are focused on the development of advanced software-centric industrial automation systems to cater to evolving customer needs. One notable innovation in this realm is EcoStruxure Automation Expert, a software-centric industrial automation solution that regulates and manages diverse industrial processes and machinery. Launched by Schneider Electric in December 2022, EcoStruxure Automation Expert offers consumer-packaged goods, logistics, and water and wastewater operations unmatched automation capabilities and operational flexibility. Notable features include expanded libraries for segment functions and energy management devices, improved user experience in the build time tool, enhanced built-in cybersecurity measures, and support for additional engineering input formats. Additionally, the solution offers language support in Chinese, English, French, German, Italian, Portuguese, and Spanish, along with enriched documentation.

In January 2024, Process Automation Solutions (PA) bolstered its smart automation offerings within the process industry by acquiring ITA.CA Engineering S.r.l., an Italy-based provider of process control automation solutions. This strategic acquisition enhances PA's value proposition and integration capabilities by leveraging ITACA's expertise. The move underscores PA's commitment to strengthening its presence and offerings in the dynamic landscape of process control automation.

Major companies operating in the process control automation market are Mitsubishi Electric Corporation, Robert Bosch GmbH, Siemens AG, General Electric Company, Schneider Electric SE, Danaher Corporation, ABB Ltd., Eaton Corporation Plc, Kawasaki Heavy Industries Ltd., Emerson Electric Co., Delta Electronics Inc., Honeywell International Inc., Rockwell Automation Inc., Omron Corporation, KUKA AG, Yokogawa Electric Corporation, Endress+Hauser AG, AVEVA Group Plc, Pepperl+Fuchs SE, Invensys Limited, IDEC Corporation, Aspen Technology Inc., Rudolph Technologies Inc., Carlo Gavazzi Holding AG, Inductive Automation LLC, Beckhoff Automation, Hawk Measurement Systems, Maple Systems Inc., AlpHa Measurement Solutions LLC

Asia-Pacific was the largest region in the process control automation market in 2023. The regions covered in the process control automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the process control automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The process control automation market consists of revenues earned by entities by services such as system integration, business process automation, consulting services and hardware implementation. The market value includes the value of related goods sold by the service provider or included within the service offering. The process control automation market also includes sales of measurement instrumentation, control and safety systems, asset performance management tools and regulators. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Instrument Type: Humidity Transmitter; Temperature Transmitter; Pressure Transmitter; Level Transmitter; Control Valves; Analyzers; Communication Hardware
2) By Solution: Programmable Logic Controller (PLC); Distributed Control System (DCS); Manufacturing Execution Systems (MES); Supervisory Control And Data Acquisition (SCADA); Automated Production System (APS); Operator Training Systems (OTS); Safety Automation
3) By Industry Vertical: Oil And Gas; Chemical; Pharmaceutical; Food And Beverage; Metal And Mining; Power; Pulp And Paper; Water And Wastewater
Covering: Mitsubishi Electric Corporation; Robert Bosch GmbH; Siemens AG; General Electric Company; Schneider Electric SE

Product Code: r17421

1. Executive Summary

2. Process Control Automation Market Characteristics

3. Process Control Automation Market Trends And Strategies

4. Process Control Automation Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Process Control Automation Market Size and Growth

5.1. Global Process Control Automation Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Process Control Automation Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Process Control Automation Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Process Control Automation Market Segmentation

6.1. Global Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Humidity Transmitter
Temperature Transmitter
Pressure Transmitter
Level Transmitter
Control Valves
Analyzers
Communication Hardware
Other Instrument Types
6.2. Global Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Programmable Logic Controller (PLC)
Distributed Control System (DCS)
Manufacturing Execution Systems (MES)
Supervisory Control And Data Acquisition (SCADA)
Automated Production System (APS)
Operator Training Systems (OTS)
Safety Automation
Other Solutions
6.3. Global Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oil And Gas
Chemical
Pharmaceutical
Food And Beverage
Metal And Mining
Power
Pulp And Paper
Water And Wastewater
Other Industry Verticals

7. Process Control Automation Market Regional And Country Analysis

7.1. Global Process Control Automation Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Process Control Automation Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Process Control Automation Market

8.1. Asia-Pacific Process Control Automation Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Process Control Automation Market

9.1. China Process Control Automation Market Overview
9.2. China Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Process Control Automation Market

10.1. India Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Process Control Automation Market

11.1. Japan Process Control Automation Market Overview
11.2. Japan Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Process Control Automation Market

12.1. Australia Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Process Control Automation Market

13.1. Indonesia Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Process Control Automation Market

14.1. South Korea Process Control Automation Market Overview
14.2. South Korea Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Process Control Automation Market

15.1. Western Europe Process Control Automation Market Overview
15.2. Western Europe Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Process Control Automation Market

16.1. UK Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Process Control Automation Market

17.1. Germany Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Process Control Automation Market

18.1. France Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Process Control Automation Market

19.1. Italy Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Process Control Automation Market

20.1. Spain Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Process Control Automation Market

21.1. Eastern Europe Process Control Automation Market Overview
21.2. Eastern Europe Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Process Control Automation Market

22.1. Russia Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Process Control Automation Market

23.1. North America Process Control Automation Market Overview
23.2. North America Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Process Control Automation Market

24.1. USA Process Control Automation Market Overview
24.2. USA Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Process Control Automation Market

25.1. Canada Process Control Automation Market Overview
25.2. Canada Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Process Control Automation Market

26.1. South America Process Control Automation Market Overview
26.2. South America Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Process Control Automation Market

27.1. Brazil Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Process Control Automation Market

28.1. Middle East Process Control Automation Market Overview
28.2. Middle East Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Process Control Automation Market

29.1. Africa Process Control Automation Market Overview
29.2. Africa Process Control Automation Market, Segmentation By Instrument Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Process Control Automation Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Process Control Automation Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Process Control Automation Market Competitive Landscape And Company Profiles

30.1. Process Control Automation Market Competitive Landscape
30.2. Process Control Automation Market Company Profiles
- 30.2.1. Mitsubishi Electric Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Robert Bosch GmbH
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Siemens AG
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. General Electric Company
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Schneider Electric SE
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Process Control Automation Market Other Major And Innovative Companies

31.1. Danaher Corporation
31.2. ABB Ltd.
31.3. Eaton Corporation Plc
31.4. Kawasaki Heavy Industries Ltd.
31.5. Emerson Electric Co.
31.6. Delta Electronics Inc.
31.7. Honeywell International Inc.
31.8. Rockwell Automation Inc.
31.9. Omron Corporation
31.10. KUKA AG
31.11. Yokogawa Electric Corporation
31.12. Endress+Hauser AG
31.13. AVEVA Group Plc
31.14. Pepperl+Fuchs SE
31.15. Invensys Limited

32. Global Process Control Automation Market Competitive Benchmarking

33. Global Process Control Automation Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Process Control Automation Market

35. Process Control Automation Market Future Outlook and Potential Analysis

35.1 Process Control Automation Market In 2028 - Countries Offering Most New Opportunities
35.2 Process Control Automation Market In 2028 - Segments Offering Most New Opportunities
35.3 Process Control Automation Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer