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North America Process Automation Market Share, Analysis: By Type: Discrete Automation, Process Automation; By Application: Oil and Gas, Chemicals and Mining, Industrial, Consumer Goods, Pharma and Biotech, Water, Technology, Hardware, Automotive, Power, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
North America Process Automation Market Outlook
The North America process automation market size was valued at USD 34.2 billion in 2023. The market is further projected to grow at a CAGR of 5.30% between 2024 and 2032, reaching a value of USD 54.44 billion by 2032.
Key Takeaways
- Hormel Foods reported record sales of USD 12.5 billion in 2022, after introducing and increasing automation in its processing and handling stages.
- The total production of motor vehicles in the United States amounted to 9,157,000 units in 2021.
- Automotive sales reached approximately 1500 thousand units in December 2023, driving the demand for process automation.
Several factors affect North America process automation market growth, including the rise in adoption of automation by several end-use industries like food and beverages, automotive, chemicals and materials, and aviation. The high labour costs in North America have a positive impact on the market. With over 30% businesses in Canada expecting the shortage of labour force to be an obstacle in future, the government is making efforts to introduce automation in the workforce. For instance, in April 2022, the Canadian government announced it will be investing CD one billion over a period of five years to form an agency that will focus on innovation in science and technology.
The emerging requirement to cut down on labour costs and minimise human errors has given rise to the demand for process automation. As factory automation or industrial automation is one of the most prominent contributors to the market development, growth in the manufacturing industry directly impacts the automation market. Manufacturers in the US account for over 10 percent of the total GDP of the country, which has a positive impact on the market development.
According to the North America process automation market report, process automation holds a larger market share than discrete automation. The main advantage of process automation, which allows for continuous production in large quantities, is that it requires fewer resources to manufacture more products. The entire manufacturing process is automated and formula-based, which makes it cost effective, efficient, and scalable.
In Canada, the market is witnessing a steady growth because of the rise in demand for automobiles and consumer goods. Additionally, Canadian government is prioritising the integration of technology in its systems, which is influencing the market positively. For instance, NGen Canada received an investment of CD 177 million in the Canada Budget 2022, which will fuel innovations in the manufacturing sector of the country.
Market Segmentation
North America Process Automation Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type:
- Discrete Automation
- Process Automation
Market Breakup by Application:
- Oil and Gas
- Chemicals and Mining
- Industrial
- Consumer Goods, Pharma and Biotech
- Water
- Technology Hardware
- Automotive
- Power
- Others
Market Breakup by Country:
- United States of America
- Canada
Competitive Landscape
The North America process automation market is characterised by product expansion, investments in research and development and collaborations among key players to strengthen their positions.
- Schneider Electric SE
- Rockwell Automation, Inc.
- Honeywell International, Inc.
- Emerson Electric Co
- ABB Ltd.
- Mitsubishi Electric Corporation
- Siemens AG
- Omron Corporation
- Fuji Electric Co. Ltd.
- Fanuc Corporation
- 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:
|
| Breakup by Type |
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| Breakup by Application |
|
| Breakup by Region |
|
| 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 Global Process Automation Market Overview
8.1 Key Industry Highlights
8.2 Global Process Automation Historical Market (2018-2023)
8.3 Global Process Automation Market Forecast (2024-2032)
8.4 Global Process Automation Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Process Automation Market Overview
9.1 Key Industry Highlights
9.2 North America Process Automation Historical Market (2018-2023)
9.3 North America Process Automation Market Forecast (2024-2032)
10 North America Process Automation Market by Type
10.1 Discrete Automation
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Process Automation
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America Process Automation Market by Application
11.1 Oil and Gas
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Chemicals and Mining
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Consumer Goods
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Pharma and Biotech
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Water
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Technology Hardware
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Automotive
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
11.9 Power
11.9.1 Historical Trend (2018-2023)
11.9.2 Forecast Trend (2024-2032)
11.10 Others
12 North America Process Automation Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
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 of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Schneider Electric SE
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 Honeywell International, Inc.
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 Emerson Electric Co.
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 ABB Ltd.
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 Mitsubishi Electric Corporation
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 Siemens AG
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 Omron Corporation
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Fuji Electric Co., Ltd.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Fanuc Corporation
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Process Automation Market: Key Industry Highlights, 2018 and 2032
2. North America Process Automation Market: Key Industry Highlights, 2018 and 2032
3. North America Process Automation Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Process Automation Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Process Automation Historical Market: Breakup by Application (USD Billion), 2018-2023
6. North America Process Automation Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. North America Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
8. North America Process Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. North America Process Automation Market Structure
Key Questions Answered in the Report
In 2023, the process automation market reached an approximate value of USD 34.2 billion.
The market is expected to grow at a CAGR of 5.30% between 2024 and 2032.
The process automation market in North America is estimated to witness a healthy growth in the forecast period of2024-2032to reachUSD 54.44 billion by2032.
The major drivers of the market include rise in adoption of automation by several end-use industries, high labour costs in North America, and businesses shifting towards long-term automation, among others.
Key trends aiding market expansion include advancements in robotics, AI and ML, increased adoption of cloud-based technology, and growth in the manufacturing industry, among others.
Major regions in the market are the United States and Canada.
Process automation is the use of advanced technology for modelling and enhancing business workflows and tasks.
Key players in the industry are Schneider Electric SE, Rockwell Automation, Inc., Honeywell International, Inc., Emerson Electric Co, ABB Ltd., Mitsubishi Electric Corporation, Siemens AG, Omron Corporation, Fuji Electric Co., Ltd., Fanuc Corporation, among others.
Discrete automation and process automation are the two types of automation.
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