Global Process Automation and Instrumentation
Market Report
2024
The global Process Automation and Instrumentation market size is USD 4.2 billion in 2024. The Process Automation and Instrumentation market will show the strongest growth, with a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. This growth can be attributed to increasing focus on energy efficiency and sustainability.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Process Automation and Instrumentation market size will be USD 4.2 billion in 2024. It will expand at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Process Automation and Instrumentation Market Sales Revenue 2024 | $ 4.2 Billion |
Global Process Automation and Instrumentation Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.6% |
Market Split by By Solution |
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Market Split by By Surgery: |
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Market Split by By Instrument |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Process Automation and Instrumentation Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Process Automation and Instrumentation also referred to as including the increasing demand for industrial automation to enhance productivity and efficiency, the need for real-time data analysis and monitoring, and the adoption of Industry 4.0 and the Industrial Internet of Things. Additionally, the rising emphasis on energy efficiency and sustainability, stringent regulatory compliance, and safety standards further propel market expansion. The rapid technological advancements in sensor technology, communication protocols, and data analytics also play a significant role in fostering the growth of this market.
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In October 2023: A joint memorandum of understanding has been signed by the German sensor manufacturer SICK and the Swiss measurement and automation technology expert Endress+Hauser as part of a planned strategic partnership for SICK's process automation business area. The organizations hope to provide even greater support for their clients in critical areas like energy and resource efficiency, as well as climate and environmental protection, by combining their expertise. (Source: https://www.in.endress.com/en/press-center/news-and-press-releases/strategic-partnership-SICK )
Top Companies Market Share in Process Automation and Instrumentation Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to its advanced technological infrastructure, significant investment in industrial automation, and the presence of major market players driving innovation and adoption across various industries.
Asia-Pacific stands out as the fastest-growing region in the Process Automation and Instrumentation market as a result of the growing uptake of cutting-edge technologies and significant investments in manufacturing sectors in countries like China, India, and Japan. The region's focus on enhancing operational efficiency and productivity further fuels this growth.
The current report Scope analyzes Process Automation and Instrumentation Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Process Automation and Instrumentation Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Process Automation and Instrumentation Industry growth. Process Automation and Instrumentation market has been segmented with the help of its By Solution, By Surgery: By Instrument, and others. Process Automation and Instrumentation market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, PLC is the dominant category by providing reliable, efficient, and scalable solutions for controlling industrial processes. Their integration capabilities, robust performance, and adaptability to various applications drive demand across industries like manufacturing, oil and gas, and energy. PLCs enhance operational efficiency, reduce downtime, and support advanced data analytics, fostering Industry 4.0 initiatives. The increasing focus on automation, coupled with technological advancements, propels the growth of PLC markets in process automation and instrumentation.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Process Automation and Instrumentation from 2019 to 2031. This will also help to analyze the demand for Process Automation and Instrumentation across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key By Surgery: of Process Automation and Instrumentation are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Process Automation and Instrumentation Market is witnessing significant growth in the near future.
In 2023, the APC segment accounted for noticeable share of global Process Automation and Instrumentation Market and is projected to experience significant growth in the near future.
The Chemicals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ABB Ltd (Switzerland) , Siemens AG (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
By Solution | APC, DCS, HMI, MES, PLC, Safety Automation, SCADA |
By Surgery: | Chemicals, Energy & Power, Food & Beverages |
By Instrument | Field Instrument, Control Valve, Analyzer |
List of Competitors | ABB Ltd (Switzerland), Metso Corporation (Finland), Siemens AG (Germany), Rockwell Automation Inc (US), Emerson Electric Co. (US), General Electric Co. (US) |
This chapter will help you gain GLOBAL Market Analysis of Process Automation and Instrumentation. Further deep in this chapter, you will be able to review Global Process Automation and Instrumentation Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation By Solution Analysis 2019 -2031, will provide market size split by By Solution. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by By Solution Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by By Surgery: Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by By Instrument Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Process Automation and Instrumentation market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why APC have a significant impact on Process Automation and Instrumentation market? |
What are the key factors affecting the APC and DCS of Process Automation and Instrumentation Market? |
What is the CAGR/Growth Rate of Chemicals during the forecast period? |
By type, which segment accounted for largest share of the global Process Automation and Instrumentation Market? |
Which region is expected to dominate the global Process Automation and Instrumentation Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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