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The global process automation market reached a value of almost USD 167.2 billion in the year 2020. The market is further expected to grow at a CAGR of 6.6% between 2023 and 2028.
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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.
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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:
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.
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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.
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:
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.
|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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
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
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.4.2 Process Automation
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5 Global Process Automation Market by Application
8.5.1 Oil and Gas
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.5.2 Chemicals and Mining
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5.3 General Industrial
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.5.4 Consumer Goods
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5.5 Pharma and Biotech
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5.7 Technology Hardware
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.6 Global Process Automation Market by Region
8.6.1 Market Share
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 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
184.108.40.206 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
220.127.116.11 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
18.104.22.168 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
10 Market Dynamics
10.1 SWOT Analysis
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 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 ABB Ltd.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
11.2.2 Emerson Electric Co.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
11.2.3 Honeywell International, Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
11.2.4 Siemens AG
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
11.2.5 Rockwell Automation, Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
11.2.6 General Electric Company
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12 Industry Events and Developments
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
The global process automation market attained a value of nearly USD 167.2 billion in 2020. It is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.6%. The industry is projected to reach a volume of around USD 245.3 billion by 2026.
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:
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