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Global Process Automation Market to Grow at a CAGR of 6.6% between 2022 and 2027.

Process Automation Market

Global Process Automation Market: By Type: Discrete Automation, Process Automation; By Application: Oil and Gas, Chemicals and Mining, General Industrial, Consumer Goods, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Process Automation Market Outlook

The global process automation market reached a value of almost USD 190 billion in the year 2022. The market is further expected to grow at a CAGR of 6.6% between 2023 and 2028.

 

Global Process Automation Market

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Technological Advancements Driving the Market for Process Automation

The market is driven by robust technological change and the increasing emphasis on productivity. The market has North America and Europe as high maturity regions and the Asia Pacific as a medium maturity region. Europe, based on potential growth, is the dominating market, accounting for nearly 35% of the total process automation market share in 2020. The market in Europe is driven by the growth of the market in Germany, the United Kingdom, and France, with Germany as a leading exporter of process automation in the region.

Process automation leads to the industrial automation market. Resource industries like oil and gas, chemicals, and mining industries account for the largest end-user markets for process automation, accounting for nearly half the end-user market. Oil and gas is the end-user segment in the market, accounting for over a quarter of the market.

The increasing adoption of robotic process automation by various organisations to enhance the digital consumer experience, productivity, and efficiency is augmenting the growth of the market. The growing integration of artificial intelligence (AI) and machine learning in robotic process automation to enable the automation of complex tasks is also aiding the market.  With the growing focus on automating repetitive tasks such as extracting, validating, and uploading, among others, the deployment of robotic process automation is likely to witness a surge in the mining industry. Technological advancements in robotic process automation to enable cognitive automation and improve its functionalities are further expected to bolster the process automation market in the forecast period.

 

Global Process Automation Market By Type

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Market Segmentation

Process automation are the applications, including measurement, control, electrification, and other applications, used in processes with the aim of continuous production. The market is divided based on application into:

  • Oil and Gas
  • Chemicals
  • Mining
  • General Industries
  • Consumer Goods
  • Pharma and Biotech
  • Power
  • Others

The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Process Automation Market By Region

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Increasing Emphasis on Boosting Productivity to Augment the Market Growth of Process Automation

The global process automation market is driven by the growing emphasis on increasing productivity and removing hazardous manual tasks. The market in North America is highly matured and is a preferable region to absorb advanced innovations, strategic partnerships, and product collaborations among industries, including oil and gas, metals and mining, pharmaceuticals, and chemicals, among others, further enhancing the market growth for process automation. Latin America, being near North America, has the potential to extend process automation contracts in the sector of oil and gas and mining, in the long run, providing impetus to the market growth. The global automation players have a presence in major Latin American countries, including Chile, Brazil, and Argentina. In the Asia Pacific, the market is adopting process automation in several industries in developing countries such as India, Indonesia, etc. The Asia Pacific is a lucrative destination for automation suppliers across the globe. The Middle East and Africa offer healthy demand for process automation as well as industrial automation due to a strong grip over oil and gas and mining industries.

Strong demand for productivity via automation and the development of advanced technologies in the forecast period is expected to drive the market in the next five years. The process automation market is driven by operational efficiency, robust growth of SMEs, preference towards the Internet of Things (IoT) and cloud-based automation, and rising demand for smart factories. Mass customization, supply chain synchronization, systems integration, rising R&D and innovation in artificial intelligence, and advancement in the M2M communication technology are the major growth drivers of the market.

With technological advancements taking place, the prominent players are concentrating on the integration of their products with advanced technologies, providing impetus to the market growth. The key players are strategizing on developing products with functional transformation and commercial excellence to be competitive in the field and cater to customers' demands, thus, aiding the market for process automation.

 

Key Players in the Global Market for Process Automation

The report gives a detailed analysis of the following key players in the global process automation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ABB Ltd.
  • Emerson Electric Co.
  • Honeywell International, Inc.
  • Siemens AG
  • Rockwell Automation, Inc.
  • General Electric Company
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis.

 

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- Application, Region
Breakup by Application Oil & Gas, Chemicals, Mining, General Industries, Consumer Goods, Pharma & Biotech, Power, 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., Emerson Electric Co., Honeywell International, Inc., Siemens AG, 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 Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Process Automation Historical Market (2018-2022)
    8.3    Global Process Automation Market Forecast (2023-2028)
    8.4    Global Process Automation Market by Type
        8.4.1    Discrete Automation
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Process Automation
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Process Automation Market by Application
        8.5.1    Oil and Gas
            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    Chemicals and Mining
            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    General Industrial
            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    Consumer Goods
            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    Pharma and Biotech
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Water
            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    Technology Hardware
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2018-2022)
            8.5.7.3    Forecast Trend (2023-2028)
        8.5.8    Automotive
            8.5.8.1    Market Share
            8.5.8.2    Historical Trend (2018-2022)
            8.5.8.3    Forecast Trend (2023-2028)
        8.5.9    Power
            8.5.9.1    Market Share
            8.5.9.2    Historical Trend (2018-2022)
            8.5.9.3    Forecast Trend (2023-2028)
        8.5.10    Others
    8.6    Global Process Automation Market by Region       
        8.6.1    North America
           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    Europe
           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    Asia Pacific
           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    Latin America
           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    Middle East and Africa
           8.6.5.1    Market Share
           8.6.5.2    Historical Trend (2018-2022) 
           8.6.5.3    Forecast Trend (2023-2028)
9    North America Process Automation Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Process Automation Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5   Others
11    Asia Pacific Process Automation Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Process Automation Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Process Automation Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    ABB Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Emerson Electric Co.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Honeywell International, Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Siemens AG
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Rockwell Automation, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    General Electric Company
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Process Automation Market: Key Industry Highlights, 2018 and 2028
2.    Global Process Automation Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Process Automation Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Process Automation Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Process Automation Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Process Automation Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Process Automation Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Process Automation Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Process Automation Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Process Automation Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Process Automation Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Process Automation Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Process Automation Market Structure

Key Questions Answered in the Report

What was the global process automation market size in 2022?

In 2022, the market attained a value of approximately USD 190 billion.

What is the growth rate of the global process automation market?

The market is projected to grow at a CAGR of 6.6% between 2023 and 2028.

What are the major market drivers?

The major market drivers are increasing demand from resource industries, rising importance of removing hazardous manual tasks, and growing emphasis on productivity. 

What are the key market trends?

The key trends in the market are robust technological change, rising adoption owing to its improved efficiency, and increasing research and development activities. 

What are the major regional markets for process automation, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the applications of process automation in the market?

The applications of process automation in the market include oil and gas, chemicals and mining, general industrial, consumer goods, pharma and biotech, water, technology hardware, automotive, and power, among others. 

What are the types of process automation in the market?

The types of process automation in the market are discrete automation and process automation. 

Who are the key market players, according to the report?

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

Analyst Review

The global process automation market attained a value of nearly USD 190 billion in the year 2022. It is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.6%.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on application, the global process automation industry can be segmented into oil and gas, chemicals, mining, general industries, consumer goods, pharma and biotech, and power, among others, with oil and gas leading the applications sector, accounting for nearly 25% of the total application of the process automation. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions for the market, with Europe leading the overall global market. The key players in the above industry are ABB Ltd., Emerson Electric Co., Honeywell International, Inc., Siemens AG, Rockwell Automation, Inc., and General Electric Company, among others.

The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, rising automation, growing innovations, and increasing preference for Internet of Things and cloud-based automation are driving the growth of the industry globally. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.  

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global process automation market performed in the previous years (2018-2022)?
  • What is the forecast assessment of the process automation market for 2023-2028?
  • What are the major industry drivers and constraints?
  • What are the major price and demand indicators of the global process automation market?
  • Who are the key manufacturers of the product in the global process automation market?
  • What is the degree of competition in the global process automation market?
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