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Global Process Automation and Instrumentation Market: By Instrument: Field Instrument, Control Valve, Analytical Instrument; By Solution: Programmable Logic Controller, Distributed Control System, Others; By Industry; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Process Automation and Instrumentation Market Outlook
The global process automation and instrumentation market attained a value of USD 71.05 billion in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.2% to reach USD 101.93 billion by 2026.
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The growing pharmaceutical industry is providing a boost to the process automation and instrumentation industry. The Asia Pacific is projected to witness the fastest growth during the forecast period owing to the rising investment in the energy and power sectors.
Properties and Applications
The industry can be broadly categorised based on instrument into:
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- Field Instrument
- Pressure Transmitter
- Absolute Pressure Transmitter
- Gauge Pressure Transmitter
- Differential Pressure Transmitter
- Multivariable Pressure Transmitter
- Temperature Transmitter
- Level Transmitter
- Capacitive Level Transmitter
- Ultrasonic Level Transmitter
- Radar Level Transmitter
- Differential Pressure/Hydrostatic
- Magnetostrictive Level Transmitter
- Radiometric Level Transmitter
- Others
- Humidity Transmitter
- Vibration Level Switch
- Vibrating Fork
- Vibrating Rod
- Pressure Transmitter
- Control Valve
- Valve Body
- Actuator
- Others
- Analytical Instrument
- Ph Analyzer
- Conductivity Analyzer
- Gas Chromatograph
- Liquid Chromatograph
Based on solutions, the industry can be segmented into:
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- SCADA
- Human Machine Interface (HMI)
- Safety Automation
- Emergency Shutdown System (ESD)
- Fire and Gas Monitoring and Control (FandG)
- High Integrity Pressure Protection System (HIPPS)
- Burner Management System (BMS)
- Turbomachinery Control (TMC)
- Advanced Process Control (APC)
- Manufacturing Execution System (MES)
By industry, it can be divided into:
- Chemicals
- Energy and Power
- Food and Beverages
- Metals and Mining
- Oil and Gas
- Pharmaceuticals
- Pulp and Paper
- Water and Wastewater
- Others
The EMR report looks into the regional process automation and instrumentation markets like North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
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Market Analysis
The global process automation and instrumentation market is being driven by the growing emphasis on digitalised technologies such as IoT. The field instrument segment is expected to grow at the fastest rate due to its ability to provide optimum productivity. The Asia Pacific region is anticipated to hold the largest market share due to the growing oil and gas and food and beverage sectors. Other factors leading to the growth in the region are rapid industrialisation and the enactment of favourable policies by the government.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global process automation and instrumentation market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- ABB Ltd. (SWX: ABBN)
- Emerson Electric Co. (NYSE: EMR)
- Honeywell International Inc. (NYSE: HON)
- Siemens AG (ETR: SIE)
- Schneider Electric SE (EPA: SU)
- Rockwell Automation Inc. (NYSE: ROK)
- General Electric Company (NYSE: GE)
- Others
The EMR report gives an in-depth insight into the process automation and instrumentation market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Instrument, Solution, Industry, Region |
| Breakup by Instrument | Field Instrument, Control Valve, Analytical Instrument |
| Breakup by Solution | Programmable Logic Controller (PLC), Distributed Control System (DCS), SCADA, Human Machine Interface (HMI), Safety Automation, Advanced Process Control (APC), Manufacturing Execution System (MES) |
| Breakup by Industry | Chemicals, Energy & Power, Food & Beverages, Metals & Mining, Oil & Gas, Pharmaceuticals, Pulp & Paper, Water & Wastewater, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | ABB Ltd. (SWX: ABBN), Emerson Electric Co. (NYSE: EMR), Honeywell International Inc. (NYSE: HON), Siemens AG (ETR: SIE), Schneider Electric SE (EPA: SU), Rockwell Automation Inc. (NYSE: ROK), General Electric Company (NYSE: GE), Others. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Process Automation and Instrumentation Market Analysis
8.1 Key Industry Highlights
8.2 Global Process Automation and Instrumentation Historical Market (2018-2022)
8.3 Global Process Automation and Instrumentation Market Forecast (2023-2028)
8.4 Global Process Automation and Instrumentation Market by Instrument
8.4.1 Field Instrument
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Pressure Transmitter
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2018-2022)
8.4.1.4.1.3 Forecast Trend (2023-2028)
8.4.1.4.2 Temperature Transmitter
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2018-2022)
8.4.1.4.2.3 Forecast Trend (2023-2028)
8.4.1.4.3 Level Transmitter
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2018-2022)
8.4.1.4.3.3 Forecast Trend (2023-2028)
8.4.1.4.4 Humidity Transmitter
8.4.1.4.4.1 Market Share
8.4.1.4.4.2 Historical Trend (2018-2022)
8.4.1.4.4.3 Forecast Trend (2023-2028)
8.4.1.4.5 Vibration Level Switch
8.4.1.4.5.1 Market Share
8.4.1.4.5.2 Historical Trend (2018-2022)
8.4.1.4.5.3 Forecast Trend (2023-2028)
8.4.2 Control Valve
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Valve Body
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2018-2022)
8.4.2.4.1.3 Forecast Trend (2023-2028)
8.4.2.4.2 Actuator
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2018-2022)
8.4.2.4.2.3 Forecast Trend (2023-2028)
8.4.2.4.3 Others
8.4.3 Analytical Instrument
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.3.4 Breakup by Type
8.4.3.4.1 Ph Analyzer
8.4.3.4.1.1 Market Share
8.4.3.4.1.2 Historical Trend (2018-2022)
8.4.3.4.1.3 Forecast Trend (2023-2028)
8.4.3.4.2 Conductivity Analyzer
8.4.3.4.2.1 Market Share
8.4.3.4.2.2 Historical Trend (2018-2022)
8.4.3.4.2.3 Forecast Trend (2023-2028)
8.4.3.4.3 Gas Chromatograph
8.4.3.4.3.1 Market Share
8.4.3.4.3.2 Historical Trend (2018-2022)
8.4.3.4.3.3 Forecast Trend (2023-2028)
8.4.3.4.4 Liquid Chromatograph
8.4.3.4.4.1 Market Share
8.4.3.4.4.2 Historical Trend (2018-2022)
8.4.3.4.4.3 Forecast Trend (2023-2028)
8.5 Global Process Automation and Instrumentation Market by Solution
8.5.1 Programmable Logic Controller (PLC)
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Distributed Control System (DCS)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 SCADA
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Human Machine Interface (HMI)
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Safety Automation
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.5.4 Breakup by Type
8.5.5.4.1 Emergency Shutdown System (ESD)
8.5.5.4.1.1 Market Share
8.5.5.4.1.2 Historical Trend (2018-2022)
8.5.5.4.1.3 Forecast Trend (2023-2028)
8.5.5.4.2 Fire and Gas Monitoring & Control (F&G)
8.5.5.4.2.1 Market Share
8.5.5.4.2.2 Historical Trend (2018-2022)
8.5.5.4.2.3 Forecast Trend (2023-2028)
8.5.5.4.3 High Integrity Pressure Protection System (HIPPS)
8.5.5.4.3.1 Market Share
8.5.5.4.3.2 Historical Trend (2018-2022)
8.5.5.4.3.3 Forecast Trend (2023-2028)
8.5.5.4.4 Burner Management System (BMS)
8.5.5.4.4.1 Market Share
8.5.5.4.4.2 Historical Trend (2018-2022)
8.5.5.4.4.3 Forecast Trend (2023-2028)
8.5.5.4.5 Turbomachinery Control (TMC)
8.5.5.4.5.1 Market Share
8.5.5.4.5.2 Historical Trend (2018-2022)
8.5.5.4.5.3 Forecast Trend (2023-2028)
8.5.6 Advanced Process Control (APC)
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Manufacturing Execution System (MES)
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.6 Global Process Automation and Instrumentation Market by Industry
8.6.1 Chemicals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Energy and Power
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Food and Beverages
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Metal and Mining
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Oil and Gas
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Pharmaceuticals
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Pulp and Paper
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2018-2022)
8.6.7.3 Forecast Trend (2023-2028)
8.6.8 Water and Wastewater
8.6.8.1 Market Share
8.6.8.2 Historical Trend (2018-2022)
8.6.8.3 Forecast Trend (2023-2028)
8.6.9 Others
8.7 Global Process Automation and Instrumentation Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 ABB Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Emerson Electric Co.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Honeywell International Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Siemens AG
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Schneider Electric SE
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Rockwell Automation, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 General Electric Company
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Process Automation and Instrumentation Market: Key Industry Highlights, 2018 and 2028
2. Global Process Automation and Instrumentation Historical Market: Breakup by Instrument (USD Million), 2018-2022
3. Global Process Automation and Instrumentation Market Forecast: Breakup by Instrument (USD Million), 2023-2028
4. Global Process Automation and Instrumentation Historical Market: Breakup by Solution (USD Million), 2018-2022
5. Global Process Automation and Instrumentation Market Forecast: Breakup by Solution (USD Million), 2023-2028
6. Global Process Automation and Instrumentation Historical Market: Breakup by Industry (USD Million), 2018-2022
7. Global Process Automation and Instrumentation Market Forecast: Breakup by Industry (USD Million), 2023-2028
8. Global Process Automation and Instrumentation Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Process Automation and Instrumentation Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Process Automation and Instrumentation Market Structure
Key Questions Answered in the Report
In 2020, the global process automation and instrumentation market attained a value of nearly USD 71.05 billion.
The market is projected to grow at a CAGR of 6.2% between 2023 and 2028.
The major drivers of the market include the rising investment in the energy and power sectors, growing oil and gas and food and beverage sectors, rapid industrialisation, enactment of favourable policies by the government and ability to provide optimum productivity.
Growing pharmaceutical industry and the growing emphasis on digitalised technologies such as IoT are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacificwith Asia Pacific accounting for the largest share in the market.
Field instrument, control valve, analytical instrument are the instruments in the market. Field instrument is further divided into pressure transmitter, temperature transmitter, level transmitter, humidity transmitter, and vibration level switch. Control Valve is bifurcated into valve body and actuator, among others whereas analytical instrument is bifurcated into Ph analyser, conductivity analyser, gas chromatograph, and liquid chromatograph.
Based on solution, the market is divided 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 is further bifurcated into 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).
The various industries are chemicals, energy and power, food and beverages, metals and mining, oil and gas, pharmaceuticals, pulp and paper, water and wastewater, among others.
The major players in the industry are ABB Ltd. (SWX: ABBN), Emerson Electric Co. (NYSE: EMR), Honeywell International Inc. (NYSE: HON), Siemens AG (ETR: SIE), Schneider Electric SE (EPA: SU), Rockwell Automation Inc. (NYSE: ROK), General Electric Company (NYSE: GE), Others.
Analyst Review
The global process automation and instrumentation market attained a value of nearly USD 71.05 billion in 2020, driven by the growing pharmaceutical industry. Aided by rising investment in the energy and power sectors and growing emphasis on digitalised technologies, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 6.2%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Field instrument, control valve, analytical instrument are the instruments in the market. Field instrument is further divided into pressure transmitter, temperature transmitter, level transmitter, humidity transmitter, and vibration level switch. Control Valve is bifurcated into valve body and actuator, among others whereas analytical instrument is bifurcated into Ph analyser, conductivity analyser, gas chromatograph, and liquid chromatograph. Based on solution, the market is divided 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 is further bifurcated into 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). The various industries are chemicals, energy and power, food and beverages, metals and mining, oil and gas, pharmaceuticals, pulp and paper, water and wastewater, among others. The major regional markets for process automation and instrumentation market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa with Asia Pacific accounting for the largest share in the market. The major players in the industry are ABB Ltd. (SWX: ABBN), Emerson Electric Co. (NYSE: EMR), Honeywell International Inc. (NYSE: HON), Siemens AG (ETR: SIE), Schneider Electric SE (EPA: SU), Rockwell Automation Inc. (NYSE: ROK), General Electric Company (NYSE: GE), Others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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