Global Process Control Equipment
Market Report
2024
The global Process Control Equipment Market size will be USD 58451.2 million in 2024. Rising emphasis on energy efficiency and waste reduction is boosting the demand for process control solutions. It is expected to boost sales to USD 76917.79 million by 2031, with a Compound Annual Growth Rate (CAGR) of 4.00% from 2024 to 2031.
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 Control Equipment Market size will be USD 58451.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Process Control Equipment Market Sales Revenue 2024 | $ 58451.2 Million |
Global Process Control Equipment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
North America Process Control Equipment Sales Revenue 2024 | $ 23380.5 Million |
North America Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.2% |
United States Process Control Equipment Sales Revenue 2024 | $ 18447.2 Million |
United States Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2% |
Canada Process Control Equipment Sales Revenue 2024 | $ 2805.66 Million |
Canada Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3% |
Mexico Process Control Equipment Sales Revenue 2024 | $ 2127.62 Million |
Mexico Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.7% |
Europe Process Control Equipment Sales Revenue 2024 | $ 17535.4 Million |
Europe Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
United Kingdom Process Control Equipment Sales Revenue 2024 | $ 2945.94 Million |
United Kingdom Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.3% |
France Process Control Equipment Sales Revenue 2024 | $ 1613.25 Million |
France Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 1.7% |
Germany Process Control Equipment Sales Revenue 2024 | $ 3472 Million |
Germany Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.7% |
Italy Process Control Equipment Sales Revenue 2024 | $ 1508.04 Million |
Italy Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 1.9% |
Russia Process Control Equipment Sales Revenue 2024 | $ 2717.98 Million |
Russia Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 1.5% |
Spain Process Control Equipment Sales Revenue 2024 | $ 1437.9 Million |
Spain Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 1.6% |
Rest of Europe Process Control Equipment Sales Revenue 2024 | $ 2717.98 Million |
Rest of Europe Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 1.2% |
Asia Pacific Process Control Equipment Sales Revenue 2024 | $ 13443.8 Million |
Asia Pacific Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
China Process Control Equipment Sales Revenue 2024 | $ 6049.7 Million |
China Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Japan Process Control Equipment Sales Revenue 2024 | $ 1855.24 Million |
Japan Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Korea Process Control Equipment Sales Revenue 2024 | $ 1344.38 Million |
Korea Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.1% |
India Process Control Equipment Sales Revenue 2024 | $ 1613.25 Million |
India Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.8% |
Australia Process Control Equipment Sales Revenue 2024 | $ 699.08 Million |
Australia Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
Rest of APAC Process Control Equipment Sales Revenue 2024 | $ 954.51 Million |
Rest of APAC Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
South America Process Control Equipment Sales Revenue 2024 | $ 2922.56 Million |
South America Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.4% |
Brazil Process Control Equipment Sales Revenue 2024 | $ 1250.86 Million |
Brazil Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
Argentina Process Control Equipment Sales Revenue 2024 | $ 490.99 Million |
Argentina Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.3% |
Colombia Process Control Equipment Sales Revenue 2024 | $ 260.11 Million |
Colombia Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.2% |
Peru Process Control Equipment Sales Revenue 2024 | $ 239.65 Million |
Peru Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.6% |
Chile Process Control Equipment Sales Revenue 2024 | $ 210.42 Million |
Chile Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
Rest of South America Process Control Equipment Sales Revenue 2024 | $ 470.53 Million |
Rest of South America Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
Middle East and Africa Process Control Equipment Sales Revenue 2024 | $ 1169.02 Million |
Middle East and Africa Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
Turkey Process Control Equipment Sales Revenue 2024 | $ 100.54 Million |
Turkey Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.2% |
Nigeria Process Control Equipment Sales Revenue 2024 | $ 122.75 Million |
Nigeria Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.8% |
Egypt Process Control Equipment Sales Revenue 2024 | $ 122.75 Million |
Egypt Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
South Africa Process Control Equipment Sales Revenue 2024 | $ 184.71 Million |
South Africa Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
GCC Countries Process Control Equipment Sales Revenue 2024 | $ 500.34 Million |
GCC Countries Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Rest of MEA Process Control Equipment Sales Revenue 2024 | $ 137.94 Million |
Rest of MEA Process Control Equipment Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.7% |
Market Drivers:
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Market Restrains:
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Market Trends:
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Market Split by Product Outlook: |
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Market Split by Application Outlook: |
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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 Control Equipment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Process control equipment refers to the tools and systems used to monitor, regulate, and optimize industrial processes. These processes may involve manufacturing, chemical reactions, power generation, or other operations requiring precise control. The equipment includes sensors, actuators, controllers, and software designed to manage variables like temperature, pressure, flow rate, and chemical composition. Sensors detect changes in process variables, sending data to controllers, which then process the information and send commands to actuators (such as valves or motors) to adjust the process. This ensures the process stays within the desired parameters. Examples include Programmable Logic Controllers (PLCs), Distributed Control Systems (DCS), and Supervisory Control and Data Acquisition (SCADA) systems. The goal is to enhance efficiency, safety, and product quality while minimizing waste, downtime, and energy consumption in industrial operations.
Expansion of industries such as chemicals, oil & gas, and pharmaceuticals is a significant driver for the growth of the process control equipment market. These industries require highly automated and efficient systems to monitor and control complex processes, ensuring safety, regulatory compliance, and product quality. As these sectors continue to expand globally, the demand for advanced process control systems rises to manage the increasing complexity of production, reduce operational costs, and improve efficiency. In the chemical and oil & gas sectors, for example, real-time process control systems help manage reactions, temperatures, pressures, and other variables, optimizing output. In pharmaceuticals, precision is crucial for consistency and adherence to strict regulatory standards. This growing industrial output across sectors fosters a greater need for robust, scalable, and automated process control solutions, driving market growth.
Growing need for efficient and accurate manufacturing processes is a key driver for the demand for process control equipment. As industries strive to meet rising production demands, reduce operational costs, and improve product quality, process control systems are essential for optimizing production. These systems enable real-time monitoring and automation of critical variables such as temperature, pressure, flow, and level, ensuring that processes remain within desired parameters. This leads to reduced waste, minimized downtime, and enhanced consistency in the final product. In highly competitive markets, manufacturers increasingly rely on process control equipment to maintain regulatory compliance, increase production efficiency, and ensure safety. As industries adopt smart technologies, such as IoT and A.I., the integration of advanced process control systems further enhances precision and efficiency, making them indispensable for modern manufacturing operations.
High initial investment costs are a significant restraint in the adoption of process control equipment, especially for small and medium-sized enterprises (SMEs) with limited capital. These systems, which include sensors, controllers, and automation software, require substantial upfront expenditure, often running into millions of dollars for large-scale operations. The high costs not only involve the purchase of the equipment but also the installation, calibration, and integration with existing processes. For many companies, this financial burden is difficult to justify, particularly when there is uncertainty about the return on investment (ROI) or when they are working with tight budgets. As a result, businesses may delay or avoid adopting process control systems, relying on less expensive, manual processes or outdated technology that may be less efficient but more affordable in the short term.
The COVID-19 pandemic had a significant impact on the process control equipment industry. Supply chain disruptions, factory shutdowns, and labour shortages led to delays in production and delivery. This created bottlenecks in the supply of key components, affecting the timely maintenance and installation of control systems in industries such as oil and gas, chemicals, and pharmaceuticals. On the demand side, industries that rely heavily on process automation saw a decline in investment due to uncertainty and financial strain. However, the pandemic also accelerated the adoption of remote monitoring and automation technologies as businesses sought to reduce human intervention and improve operational efficiency. The industry's recovery has been driven by increasing automation, digital transformation efforts, and a growing focus on operational resilience in the post-pandemic era.
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In the Process control equipment market is highly competitive, with key players offering a wide range of products, including sensors, controllers, actuators, and software solutions. Major companies like Emerson Electric, Siemens, Honeywell, Rockwell Automation, and Yokogawa dominate the market, leveraging their technological advancements and strong distribution networks. These players are increasingly focusing on automation and digitalization trends, offering integrated solutions that enhance operational efficiency and reduce downtime.
Top Companies Market Share in Process Control Equipment Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Process Control equipment market, and the region is expected to advancements in automation technologies, the demand for efficient production processes, and the need for enhanced safety measures across industries like oil & gas, chemicals, pharmaceuticals, and manufacturing. The United States dominates the region, driven by significant investments in industrial automation and smart manufacturing technologies. Canada also contributes with its growing emphasis on automation in energy, mining, and manufacturing sectors. The rapid adoption of IoT and Industry 4.0 technologies, along with the integration of A.I. and machine learning for predictive maintenance, is further enhancing market growth.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to the rapid industrialization and increasing demand for automation across industries such as manufacturing, oil and gas, chemicals, and pharmaceuticals. Countries like China, India, Japan, and South Korea dominate the market due to their robust industrial sectors and adoption of advanced technologies. China leads with its strong manufacturing base, while India is experiencing growth due to increasing investments in infrastructure and automation. Japan and South Korea are focusing on high-tech, precision equipment for industries like automotive and electronics.
The current report Scope analyzes Process Control Equipment 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
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According to Cognitive Market Research, the global Process Control Equipment Market size was estimated at USD 58451.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 23380.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
According to Cognitive Market Research, the global Process Control Equipment Market size was estimated at USD 58451.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 17535.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.
According to Cognitive Market Research, the global Process Control Equipment Market size was estimated at USD 58451.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 13443.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
According to Cognitive Market Research, the global Process Control Equipment Market size was estimated at USD 58451.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 2922.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
According to Cognitive Market Research, the global Process Control Equipment Market size was estimated at USD 58451.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1169.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031..
Global Process Control Equipment 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 Control Equipment Industry growth. Process Control Equipment market has been segmented with the help of its Product Outlook:, Application Outlook: , and others. Process Control Equipment 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, Actuators are mechanisms that move the valve or other control devices, converting energy into motion. They come in different forms, including electric, pneumatic, and hydraulic actuators. These devices are integral to automating processes, enabling remote or precise control over the operation of valves and other systems. Actuators are increasingly important in industries seeking to improve operational efficiency and reduce human intervention.
The Actuators are mechanisms that move the valve or other control devices, converting energy into motion. They come in different forms, including electric, pneumatic, and hydraulic actuators. These devices are integral to automating processes, enabling remote or precise control over the operation of valves and other systems. Actuators are increasingly important in industries seeking to improve operational efficiency and reduce human intervention.
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According to Cognitive Market Research, in the oil and gas industry, process control equipment plays a critical role in refining, drilling, and pipeline transportation. Key equipment types include pressure and temperature sensors, control valves, and safety shutdown systems. These systems are essential for managing the high-pressure, high-temperature environments typical of the industry. Automation and control are crucial for minimizing operational risks, optimizing resource extraction, and ensuring environmental safety. The growing demand for energy and the need to enhance operational efficiency drive the adoption of advanced process control technologies in this sector.
In the Process Control Equipment Market, the chemical industry also relies heavily on process control equipment to manage complex chemical reactions, mixing, temperature, and pressure control. Essential equipment includes flow meters, analyzers, and automated control systems. These tools help in maintaining product quality, reducing waste, and improving process consistency. With increasing focus on sustainability and cost-efficiency, chemical manufacturers are increasingly adopting sophisticated process control solutions that enhance productivity while minimizing energy consumption and environmental impact.
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Conclusion
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Product Outlook: | Valves, Actuators, Sensors, Controllers, Others |
Application Outlook: | Oil & Gas, Chemical, Food & Beverage, Pharmaceuticals, Water & Wastewater, Others |
List of Competitors | Schneider Electric SA, Siemens AG, Honeywell International Inc., Konecranes, Hyundai Heavy Industries, Johnson Controls Inc., ABB Ltd., United Technologies Corporation, Crestron Electronics Inc. |
This chapter will help you gain GLOBAL Market Analysis of Process Control Equipment. Further deep in this chapter, you will be able to review Global Process Control Equipment 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.
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 Product Outlook: Analysis 2019 -2031, will provide market size split by Product Outlook:. 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 Product Outlook: Analysis 2019 -2031
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Chapter 11 Market Split by Application Outlook: Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Process Control Equipment market
Chapter 12 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 Valves have a significant impact on Process Control Equipment market? |
What are the key factors affecting the Valves and Actuators of Process Control Equipment Market? |
What is the CAGR/Growth Rate of Oil & Gas during the forecast period? |
By type, which segment accounted for largest share of the global Process Control Equipment Market? |
Which region is expected to dominate the global Process Control Equipment Market within the forecast period? |
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