Reports
Sale
Global Process Automation Market Size, Share, Growth, Trends: By Type: Discrete Automation, Process Automation; By Application: Oil and Gas, Chemicals and Mining, General Industrial, Consumer Goods, Pharma and Biotech, Water, Technology Hardware, Automotive, Power, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Process Automation Market Outlook
The global process automation market reached a value of almost USD 202.54 billion in the year 2023. The market is further expected to grow at a CAGR of 6.6% between 2024 and 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
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 |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| 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 (2018-2023)
8.3 Global Process Automation Market Forecast (2024-2032)
8.4 Global Process Automation Market by Type
8.4.1 Discrete Automation
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Process Automation
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Process Automation Market by Application
8.5.1 Oil and Gas
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chemicals and Mining
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 General Industrial
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Consumer Goods
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Pharma and Biotech
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Water
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Technology Hardware
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Automotive
8.5.8.1 Historical Trend (2018-2023)
8.5.8.2 Forecast Trend (2024-2032)
8.5.9 Power
8.5.9.1 Historical Trend (2018-2023)
8.5.9.2 Forecast Trend (2024-2032)
8.5.10 Others
8.6 Global Process Automation Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Process Automation 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 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 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 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 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 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 2032
2. Global Process Automation Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Process Automation Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Process Automation Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Process Automation Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Process Automation Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Process Automation Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Process Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Process Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Process Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Process Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Process Automation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Process Automation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Process Automation Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of approximately USD 202.54 billion.
The market is projected to grow at a CAGR of 6.6% between 2024 and 2032.
The major market drivers are increasing demand from resource industries, rising importance of removing hazardous manual tasks, and growing emphasis on productivity.
The key trends in the market are robust technological change, rising adoption owing to its improved efficiency, and increasing research and development activities.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
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.
The types of process automation in the market are discrete automation and process automation.
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 202.54 billion in the year 2023. It is expected to witness a further growth in the forecast period of 2024-2032, 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 2024-2032?
- 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?
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER