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Latin America Process Instrumentation and Automation Market: By Instrument: Analytics, Transmitters, Flowmeters Level, Temperature, Others; By Solution: Advanced Process Control (APC), Distributed Control System (DCS), Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Latin America Process Instrumentation and Automation Market Outlook
The Latin America process instrumentation and automation market size is projected to grow at a CAGR of 5.90% in the forecast period of 2024-2032. The market growth is being driven by increasing industrialisation and rising demand for food and beverage applications.
Key Trends in the Market
Process instrumentation and automation refers to the usage of various instruments and devices to measure, monitor, and control industrial and manufacturing processes in an automated manner. While process instrumentation involves sensors and other components to monitor and control variables, process automation enables integration of control systems, hardware, and software to conduct tasks independently.
- Rapid industrialisation throughout the region is a key factor contributing to the Latin America process instrumentation and automation market growth. Process instrumentation and automation offers multiple benefits across industries, including increased efficiency, faster production, and lower costs, and can be adapted to suit the specific industry needs.
- Technological advancements in process instrumentation and automation are also a crucial trend bolstering the market in Latin America. Smart sensors that can transmit real-time data, adoption of Industrial Internet of Things (IIoT), and wireless communication support are improving the performance and applicability of process instrumentation and automation.
- The increasing Latin America process instrumentation and automation market demand will likely be supported by development of local supply chains for process instrumentation and automation. Expansion of key market players is further supporting the growth of the market by improving supply chains and providing adequate aftersales support.
Market Analysis
Based on instrument, the market is divided into analytics, transmitters, flowmeters level, and temperature, among others. On the basis of solution, the market is classified into advanced process control (APC), distributed control system (DCS), human machine interaction (HMI), manufacturing execution system (MES), programmable logic controller (PLC), safety automation, and supervisory control and data acquisition (SCADA). By application, the Latin America process instrumentation and automation market segmentation is food and beverage, oil and gas, water and wastewater, and mining, minerals and metals, among others. The major countries in the process instrumentation and automation market in Latin America are Peru, Bolivia, Ecuador, and Guatemala, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America process instrumentation and automation market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- ABB Limited
- Rockwell Automation, Inc
- Emerson Electric Co.
- KROHNE Messtechnik GmbH
- Schneider Electric SE
- Endress+Hauser Group Services AG
- Honeywell International, Inc.
- Others
Market Share by Application
Food and beverage applications of process instrumentation and automation occupy a sizable portion of the Latin America process instrumentation and automation market share. Increasing population and rising demand for packaged and processed food and beverages are leading to expansion of the food and beverage industry, particularly in terms of manufacturing units. Process instrumentation and automation offers significant benefits in food and beverage applications, improving efficiency, production safety, and adherence to food safety regulation. Implementing process instrumentation and automation enables manufacturers to maintain precise control over aspects such as temperature and quantity, which are essential for production of foods and beverages safe for consumption.
Market Share by Country
Peru accounts for a significant share of the Latin America process instrumentation and automation market by country, supported by steady economic growth and expansion of the country’s industrial sector. The country is rich in mineral deposits leading to a thriving mining sector particularly for the production of zinc, lead, copper, and gold, leading to a growing demand for process instrumentation and automation in mining application. Growing demand for various mineral resources is motivating various companies to invest in process instrumentation and automation to improve efficiency and lower costs. The mining industry also draws significant financial investment, further increasing the adoption of process instrumentation and automation.
Competitive Landscape
ABB Limited, founded in 1988 and based in Zurich, Switzerland, offers digital technologies for industrial uses. The core business areas of the company include electrification, motion, process automation, and robotics and discrete automation, offering a variety of products and systems, including control systems and power electronics.
Rockwell Automation, Inc, a leader in smart manufacturing, industrial automation, and digital information, was established in 1903. With headquarters in Wisconsin in the United States, the company focuses on a connected approach to control and information across industrial end users to improve productivity and deliver results.
Emerson Electric Co. is a global provider of technology, engineering, and software, driving innovation for sustainability and smarter, healthier solutions. Founded in 1890 and based in Missouri in the United States, the company offers automation and control software, advanced industry software, and measurement instrumentation, among others.
Other market players include KROHNE Messtechnik GmbH, Schneider Electric SE, Endress+Hauser Group Services AG, and Honeywell International, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Instrument |
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| Breakup by Solution |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Process Instrumentation and Automation Market Overview
8.1 Key Industry Highlights
8.2 Latin America Process Instrumentation and Automation Historical Market (2018-2023)
8.3 Latin America Process Instrumentation and Automation Market Forecast (2024-2032)
9 Latin America Process Instrumentation and Automation Market by Instrument
9.1 Analytics
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Transmitters
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Flowmeters Level
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Temperature
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Others
10 Latin America Process Instrumentation and Automation Market by Solution
10.1 Advanced Process Control (APC)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Distributed Control System (DCS)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Human Machine Interaction (HMI)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Manufacturing Execution System (MES)
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Programmable Logic Controller (PLC)
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Safety Automation
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Supervisory Control and Data Acquisition (SCADA)
10.7.1 Historical Trend (2018-2023)
10.7.2 Forecast Trend (2024-2032)
11 Latin America Process Instrumentation and Automation Market by Application
11.1 Food and Beverage
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Oil and Gas
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Water and Wastewater
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Mining, Minerals and Metals
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Latin America Process Instrumentation and Automation Market by Country
12.1 Peru
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Bolivia
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Ecuador
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Guatemala
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 ABB Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Rockwell Automation, Inc
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Emerson Electric Co.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 KROHNE Messtechnik GmbH
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Schneider Electric SE
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Endress+Hauser Group Services AG
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Honeywell International, Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Process Instrumentation and Automation Market: Key Industry Highlights, 2018 and 2032
2. Latin America Process Instrumentation and Automation Historical Market: Breakup by Instrument (USD Million), 2018-2023
3. Latin America Process Instrumentation and Automation Market Forecast: Breakup by Instrument (USD Million), 2024-2032
4. Latin America Process Instrumentation and Automation Historical Market: Breakup by Solution (USD Million), 2018-2023
5. Latin America Process Instrumentation and Automation Market Forecast: Breakup by Solution (USD Million), 2024-2032
6. Latin America Process Instrumentation and Automation Historical Market: Breakup by Application (USD Million), 2018-2023
7. Latin America Process Instrumentation and Automation Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Latin America Process Instrumentation and Automation Historical Market: Breakup by Country (USD Million), 2018-2023
9. Latin America Process Instrumentation and Automation Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Latin America Process Instrumentation and Automation Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 5.90% between 2024 and 2032.
The major drivers of the market include increasing industrialisation, rising demand for food and beverage applications, growing awareness of the advantages of process instrumentation and automation, and expansion of key market players in the region.
The key Latin America process instrumentation and automation market trends include development of advanced technologies, increasing use of smart sensors, rising popularity of cloud-based solutions, and adoption of Industrial Internet of Things (IIoT).
The different instruments in the market for process instrumentation and automation in the market are analytics, transmitters, flowmeters level, and temperature, among others.
The various solutions in the Latin America process instrumentation and automation market are advanced process control (APC), distributed control system (DCS), human machine interaction (HMI), manufacturing execution system (MES), programmable logic controller (PLC), safety automation, and supervisory control and data acquisition (SCADA).
The leading applications of process instrumentation and automation in the market are food and beverage, oil and gas, water and wastewater, and mining, minerals and metals, among others.
The significant countries in process instrumentation and automation market in Latin America are Peru, Bolivia, Ecuador, and Guatemala, among others.
The major players in the market, according to the report, are ABB Limited, Rockwell Automation, Inc, Emerson Electric Co., KROHNE Messtechnik GmbH, Schneider Electric SE, Endress+Hauser Group Services AG, and Honeywell International, Inc., among others.
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