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Process Automation and Instrumentation Market

Global Process Automation and Instrumentation Market Size: By Instrument: Field Instrument, Control Valve, Analytical Instrument; By Solution: Programmable Logic Controller (PLC), Distributed Control System (DCS), SCADA, Human Machine Interface (HMI), Others; By Industry; Regional Analysis; Competitive Landscape; 2024-2032

Global Process Automation and Instrumentation Market Outlook

The global process automation and instrumentation market attained a value of USD 73.52 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.3% to reach USD 127.78 billion by 2032.

 

Global Process Automation and Instrumentation Market

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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

 

Global Process Automation and Instrumentation Market

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The industry can be broadly categorised based on instrument into:

  • 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
  • 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.

 

Global Process Automation and Instrumentation Market

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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.

 

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:

  • 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 and Power
  • Food and Beverages
  • Metals and Mining
  • Oil and Gas
  • Pharmaceuticals
  • Pulp and Paper
  • Water and Wastewater
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Competitive Landscape
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Companies Covered
  • ABB Ltd.
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Siemens AG
  • Schneider Electric SE
  • Rockwell Automation, Inc.
  • General Electric Company
  • 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    Opportunities and Challenges in the Market
8    Global Process Automation and Instrumentation Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Process Automation and Instrumentation Historical Market (2018-2023) 
    8.3    Global Process Automation and Instrumentation Market Forecast (2024-2032)
    8.4    Global Process Automation and Instrumentation Market by Instrument
        8.4.1    Field Instrument
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Pressure Transmitter
                    8.4.1.3.1.1     Historical Trend (2018-2023)
                    8.4.1.3.1.2     Forecast Trend (2024-2032)
                8.4.1.3.2    Temperature Transmitter
                    8.4.1.3.2.1     Historical Trend (2018-2023)
                    8.4.1.3.2.2     Forecast Trend (2024-2032)
                8.4.1.3.3    Level Transmitter
                    8.4.1.3.3.1     Historical Trend (2018-2023)
                    8.4.1.3.3.2     Forecast Trend (2024-2032)
                8.4.1.3.4    Humidity Transmitter
                    8.4.1.3.4.1     Historical Trend (2018-2023)
                    8.4.1.3.4.2     Forecast Trend (2024-2032)
                8.4.1.3.5    Vibration Level Switch
                    8.4.1.3.5.1     Historical Trend (2018-2023)
                    8.4.1.3.5.2     Forecast Trend (2024-2032)
        8.4.2    Control Valve
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
            8.4.2.3    Breakup by Type
                8.4.2.3.1    Valve Body
                    8.4.2.3.1.1     Historical Trend (2018-2023)
                    8.4.2.3.1.2     Forecast Trend (2024-2032)
                8.4.2.3.2    Actuator
                    8.4.2.3.2.1     Historical Trend (2018-2023)
                    8.4.2.3.2.2     Forecast Trend (2024-2032)
                8.4.2.3.3    Others
        8.4.3    Analytical Instrument
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
            8.4.3.3    Breakup by Type
                8.4.3.3.1    Ph Analyzer
                    8.4.3.3.1.1     Historical Trend (2018-2023)
                    8.4.3.3.1.2     Forecast Trend (2024-2032)
                8.4.3.3.2    Conductivity Analyzer
                    8.4.3.3.2.1     Historical Trend (2018-2023)
                    8.4.3.3.2.2     Forecast Trend (2024-2032)
                8.4.3.3.3    Gas Chromatograph
                    8.4.3.3.3.1     Historical Trend (2018-2023)
                    8.4.3.3.3.2     Forecast Trend (2024-2032)
                8.4.3.3.4    Liquid Chromatograph
                    8.4.3.3.4.1     Historical Trend (2018-2023)
                    8.4.3.3.4.2     Forecast Trend (2024-2032)
    8.5    Global Process Automation and Instrumentation Market by Solution
        8.5.1    Programmable Logic Controller (PLC)
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Distributed Control System (DCS)
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    SCADA
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Human Machine Interface (HMI) 
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Safety Automation
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
            8.5.5.3    Breakup by Type
                8.5.5.3.1    Emergency Shutdown System (ESD)
                    8.5.5.3.1.1     Historical Trend (2018-2023)
                    8.5.5.3.1.2     Forecast Trend (2024-2032)
                8.5.5.3.2    Fire and Gas Monitoring & Control (F&G)
                    8.5.5.3.2.1     Historical Trend (2018-2023)
                    8.5.5.3.2.2     Forecast Trend (2024-2032)
                8.5.5.3.3    High Integrity Pressure Protection System (HIPPS)
                    8.5.5.3.3.1     Historical Trend (2018-2023)
                    8.5.5.3.3.2     Forecast Trend (2024-2032)
                8.5.5.3.4    Burner Management System (BMS)
                    8.5.5.3.4.1     Historical Trend (2018-2023)
                    8.5.5.3.4.2     Forecast Trend (2024-2032)
                8.5.5.3.5    Turbomachinery Control (TMC)
                    8.5.5.3.5.1     Historical Trend (2018-2023)
                    8.5.5.3.5.2     Forecast Trend (2024-2032)
        8.5.6    Advanced Process Control (APC) 
            8.5.6.1    Historical Trend (2018-2023)
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Manufacturing Execution System (MES) 
            8.5.7.1    Historical Trend (2018-2023)
            8.5.7.2    Forecast Trend (2024-2032)
    8.6    Global Process Automation and Instrumentation Market by Industry 
        8.6.1    Chemicals
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Energy and Power
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Food and Beverages
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Metal and Mining
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Oil and Gas
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Pharmaceuticals
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Pulp and Paper
            8.6.7.1    Historical Trend (2018-2023)
            8.6.7.2    Forecast Trend (2024-2032)
        8.6.8    Water and Wastewater
            8.6.8.1    Historical Trend (2018-2023)
            8.6.8.2    Forecast Trend (2024-2032)
        8.6.9    Others    
    8.7    Global Process Automation and Instrumentation Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Process Automation and Instrumentation Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Process Automation and Instrumentation Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Process Automation and Instrumentation Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Process Automation and Instrumentation Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Process Automation and Instrumentation Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    ABB Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Emerson Electric Co.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Honeywell International Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Siemens AG
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Schneider Electric SE
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Rockwell Automation, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    General Electric Company
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Process Automation and Instrumentation Market: Key Industry Highlights, 2018 and 2032
2.    Global Process Automation and Instrumentation Historical Market: Breakup by Instrument (USD Million), 2018-2023
3.    Global Process Automation and Instrumentation Market Forecast: Breakup by Instrument (USD Million), 2024-2032
4.    Global Process Automation and Instrumentation Historical Market: Breakup by Solution (USD Million), 2018-2023
5.    Global Process Automation and Instrumentation Market Forecast: Breakup by Solution (USD Million), 2024-2032
6.    Global Process Automation and Instrumentation Historical Market: Breakup by Industry (USD Million), 2018-2023
7.    Global Process Automation and Instrumentation Market Forecast: Breakup by Industry (USD Million), 2024-2032
8.    Global Process Automation and Instrumentation Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Process Automation and Instrumentation Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Process Automation and Instrumentation Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Process Automation and Instrumentation Market Forecast: Breakup by Country (USD Million), 2024-2032               
20.    Global Process Automation and Instrumentation Market Structure

Key Questions Answered in the Report

In 2023, the global process automation and instrumentation market attained a value of nearly USD 73.52 billion.

The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.

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, and rapid industrialisation.

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 market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Field instrument, control valve, and analytical instrument are the various instruments in the market. 

The significant solutions of process automation and instrumentation considered in the market report are programmable logic controller (PLC), distributed control system (DCS), SCADA, human machine interface (HMI), safety automation, advanced process control (APC), and manufacturing execution system (MES). 

The various industries are chemicals, energy and power, food and beverages, metal and mining, oil and gas, pharmaceuticals, pulp and paper, and water and wastewater, among others.

The major players in the market are ABB Ltd., Emerson Electric Co., Honeywell International Inc., Siemens AG, Schneider Electric SE, Rockwell Automation Inc., and General Electric Company, and among others.

Analyst Review

The global process automation and instrumentation market attained a value of nearly USD 73.52 billion in 2023, 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 2024-2032, growing at a CAGR of 6.3%.

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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