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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 (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Process Automation Market Outlook

The global process automation market reached a value of almost USD 167.2 billion in the year 2020. The process automation industry is further expected to grow at a CAGR of 6.6% between 2021 and 2026 to reach a value of almost USD 245.3 billion by 2026.

 

Global Process Automation Market

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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 industry 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 industry, accounting for over a quarter of the industry.

 

Properties and Applications

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

 

Global Process Automation Market By Type

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  • 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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Market Analysis

The global process automation market is driven by the growing emphasis on increasing productivity and removing hazardous manual tasks to aid the industry in the forecast period. 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, chemicals, etc, further enhancing the industry 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 industry 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 industry in the next five years. The 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 industry. 

With technological advancements taking place, the prominent players are concentrating on the integration of their products with advanced technologies, providing impetus to the industry 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 industry growth for process automation.

 

Competitive Landscape

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 industry based on Porter's five forces model, along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Process Automation Historical Market (2017-2021)
    8.3    Global Process Automation Market Forecast (2022-2027)
    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 (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Process Automation
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Chemicals and Mining
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    General Industrial
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Consumer Goods
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Pharma and Biotech
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Water
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Technology Hardware
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2017-2021)
            8.5.7.3    Forecast Trend (2022-2027)
        8.5.8    Automotive
            8.5.8.1    Market Share
            8.5.8.2    Historical Trend (2017-2021)
            8.5.8.3    Forecast Trend (2022-2027)
        8.5.9    Power
            8.5.9.1    Market Share
            8.5.9.2    Historical Trend (2017-2021)
            8.5.9.3    Forecast Trend (2022-2027)
        8.5.10    Others
    8.6    Global Process Automation Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
            9.3.2.1    Breakup by Country
            9.3.2.2    China
            9.3.2.3    Japan
            9.3.2.4    India
            9.3.2.5    ASEAN
            9.3.2.6    Australia
            9.3.2.7    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        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 (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        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    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    ABB Ltd.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Emerson Electric Co.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Honeywell International, Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Siemens AG
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Rockwell Automation, Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    General Electric Company
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments


List of Key Figures and Tables

1.    Global Process Automation Market: Key Industry Highlights, 2017 and 2027
2.    Global Process Automation Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Process Automation Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Process Automation Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Process Automation Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Process Automation Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Process Automation Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Process Automation Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Process Automation Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Process Automation Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Process Automation Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Process Automation Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Process Automation Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Process Automation Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Process Automation Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Process Automation Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Process Automation Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Process Automation Market Structure

Analyst Review

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 2022-2027, 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:

  • How has the global process automation market performed in the previous years (2017-2021)?
  • What is the forecast assessment of the process automation market for 2022-2027?
  • 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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