Process Automation & Instrumentation Market

Process Automation & Instrumentation Market is anticipated to grow at a CAGR of 3.9% during forecast period and estimated to reach USD 82 Billion by 2027.

Process automation & instrumentation refers to the usage of computer, hardware, and computing technology to allow industries such as oil & gas, chemical, paper, cement, and others to operate more securely and effectively. The data is stored and analyzed on a computer using sensors, which gather information on flows, pressures, and temperatures from different devices.

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Major Process Automation & Instrumentation Market Drivers

The major factors which are driving the growth of the Process Automation & Instrumentation market are the rising requirement of optimized cost and operational efficiency, increasing adoption of advanced digital technologies such as the Industrial Internet of Things (IIoT), growing penetration of industrial automation and process control and optimal utilization of resources to reduce human intervention. The growing adoption of the Internet of Thing (IoT) across industries and the significant shift towards digital technologies from conventional technology are also fuelling the growth of the market. Moreover, the growing demand for safety automation system and the strong demand for multivariable pressure transmitters are creating growth opportunities in the market during the forecast period. However, the high implementation cost, and high maintenance cost for process automation and instrumentation solutions are restraining the growth of the market.

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Based on the Instrument, the control valve segment is expected to grow at a higher CAGR during the forecast period owing to the increasing demand for control valve by various industries for ensuring precise flow control, facilitating automatic operation, and reducing wastage of resources.

Based on Solution, the manufacturing execution system (MES) Solution segment is projected to grow at a faster CAGR during the forecast period due to the growing acceptance of MES across end-use industries as it helps to enhance productivity, eliminate human dependency, and minimize cycle time. It also saves the cost and helps to offer high performance and efficient production asset across the supply chain.

Based on industry, the Pharmaceuticals segment is expected to grow at a higher CAGR during the forecast period. The increasing competition in the industry, growing regulation related to the industry, rising significance of offering precision measuring equipment to deliver accurate medicine dosage, and the necessity for process automation solutions in various processes such as manufacturing, drug development, testing, distribution, and packaging are the factors that drive the growth of the pharmaceutical segment. The involvement of complex manufacturing processes such as granulation, milling, tablet pressing, and coating in the pharmaceutical sector is leading to an increase in the demand for process automation solutions in this industry, which is expected to fuel the market growth.

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Regional – Segment Analysis

Based on the region, Asia-pacific is expected to grow at a faster CAGR in the global Process Automation & Instrumentation market during the forecast period owing to the growing demand for Management Execution Systems (MES) in the emerging economies such as India and China. The growth of major sectors such as automotive, pharmaceuticals and power in key countries of the region have further fuelled the demand for Management Execution Systems (MES).

Top Market Players

Various notable players in the market include ABB, Emerson Electric Co., Honeywell International Inc., Siemens AG, Rockwell Automation, Inc., General Electric Company, Schneider Electric SE, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, Endress+Hauser, and HollySys Asia Pacific Pte Ltd, among others.

Key Developments:

• • In 2017, Endress+Hauser launched third generation of the Proline series of flowmeters is “Industry 4.0 ready”- the integrated W-LAN connectivity and comprehensive process and device data offer extensive options for process optimization.
  • In 2017, Emerson Automation Solutions launched the Rosemoun 2140, wired HART vibrating fork level detector. It performs in applications with high temperatures and harsh conditions unsuitable for other level monitoring devices.

Segments covered in the Report:

The Global Process Automation & Instrumentation market has been segmented based on the Instrument, Solution, industry, and region. Based on Instrument, the market is segmented into Field Instrument Pressure, Control Valve, and Analytical Instrument. Based on Field Instrument, the market is segmented into Pressure Transmitter, Temperature Transmitter, Level Transmitter, Humidity Transmitter, and Vibration Level Switch. Pressure transmitter includes Absolute Pressure Transmitter, Gauge Pressure Transmitter¸ Differential Pressure Transmitter, and Multivariable Pressure Transmitter. Control valve is segmented into Valve Body¸ Actuator, and Others. Analytical instrument is segmented into Ph Analyzer, Conductivity Analyzer, Gas Chromatograph, and Liquid Chromatograph. Based on Solution, the market is segmented into Programmable Logic Controller (PLC), Distributed Control System (DCS), SCADA, Human Machine Interface (HMI), Safety Automation, Advanced Process Control (APC), and Manufacturing Execution System (MES). Safety Automation comprises Emergency Shutdown System (ESD), Fire and Gas Monitoring & Control (F&G), High Integrity Pressure Protection System (HIPPS), Burner Management System (BMS), and Turbomachinery Control (TMC). Based on industry, the market is segmented into Chemicals, Energy & Power, Food & Beverages, Metals & Mining, Oil & Gas, Pharmaceuticals¸ Pulp & Paper, Water & Wastewater, and Others.

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Key questions answered in this research report:

• • At what pace is the global Process Automation & Instrumentation market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Process Automation & Instrumentation market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Process Automation & Instrumentation market?
  • Which Instrument generated maximum revenues in 2019 and identify the most promising Instrument during the forecast period?
  • What are the various industries of the global Process Automation & Instrumentation market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Process Automation & Instrumentation Market by Instrument

• • Field Instrument
    • Pressure Transmitter
      • Absolute Pressure Transmitter
      • Gauge Pressure Transmitter
      • Differential Pressure Transmitter
      • Multivariable Pressure Transmitter
    • Temperature Transmitter
    • Level Transmitter
    • Humidity Transmitter
    • Vibration Level Switch
  • Control Valve
    • Valve Body
    • Actuator
    • Others
  • Analytical Instrument

Global Process Automation & Instrumentation Market by Solution    

• • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • SCADA
  • Human Machine Interface (HMI)
  • Functional Safety
    • Emergency Shutdown System (ESD)
    • Fire and Gas Monitoring & Control (F&G)
    • High Integrity Pressure Protection System (HIPPS)
    • Burner Management System (BMS)
    • Turbomachinery Control (TMC)
  • Advanced Process Control (APC)
  • Manufacturing Execution System (MES)

Global Process Automation & Instrumentation Market by Industry    

• • Chemicals
  • Energy & Power
  • Food & Beverages
  • Metals & Mining
  • Oil & Gas
  • Pharmaceuticals
  • Pulp & Paper
  • Water & Wastewater
  • Others

Global Process Automation & Instrumentation Market by Region

• • North America Process Automation & Instrumentation Market (Option 1: As a part of the free 25% customization)

    • North America Process Automation & Instrumentation Market by Instrument
    • North America Process Automation & Instrumentation Market by Solution
    • North America Process Automation & Instrumentation Market by Industry
    • US Process Automation & Instrumentation Market All-Up
    • Canada Process Automation & Instrumentation Market All-Up

  • Europe Process Automation & Instrumentation Market (Option 2: As a part of the free 25% customization)

    • Europe Process Automation & Instrumentation Market by Instrument
    • Europe Process Automation & Instrumentation Market by Solution
    • Europe Process Automation & Instrumentation Market by Industry
    • UK Process Automation & Instrumentation Market All-Up
    • Germany Process Automation & Instrumentation Market All-Up
    • France Process Automation & Instrumentation Market All-Up
    • Spain Process Automation & Instrumentation Market All-Up
    • Rest of Europe Process Automation & Instrumentation Market All-Up

  • Asia-Pacific Process Automation & Instrumentation Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Process Automation & Instrumentation Market by Instrument
    • Asia-Pacific Process Automation & Instrumentation Market by Solution
    • Asia-Pacific Process Automation & Instrumentation Market by Industry
    • China Process Automation & Instrumentation Market All-Up
    • India Process Automation & Instrumentation Market All-Up
    • Japan Process Automation & Instrumentation Market All-Up
    • Rest of APAC Process Automation & Instrumentation Market All-Up

  • RoW Process Automation & Instrumentation Market (Option 4: As a part of the free 25% customization)

    • RoW Process Automation & Instrumentation Market by Instrument
    • RoW Process Automation & Instrumentation Market by Solution
    • RoW Process Automation & Instrumentation Market by Industry
    • Brazil Process Automation & Instrumentation Market All-Up
    • South Africa Process Automation & Instrumentation Market All-Up
    • Saudi Arabia Process Automation & Instrumentation Market All-Up
    • UAE Process Automation & Instrumentation Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Process Automation & Instrumentation Market All-Up

Major Players Operating the Process Automation & Instrumentation (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Siemens AG
  • Rockwell Automation, Inc.
  • General Electric Company
  • Schneider Electric SE
  • Yokogawa Electric Corporation
  • Mitsubishi Electric Corporation
  • Endress+Hauser
  • HollySys Asia Pacific Pte Ltd.