The Process Automation market is estimated to grow at a significant CAGR during the forecast period. The major players contributing to the market growth include rising industrialization and emerging demand for robotic process automation. Growing industrialization has been witnessed in emerging countries owing to the government initiatives to promote the manufacturing sector. In May 2015, the Chinese government introduced Made in China (MIC) 2025 initiative which comprises a range of state-backed programs that aims to accelerate productivity, modernize the Chinese economy, and make innovations in industrial processes. The MIC 2025 plan signifies that the country’s manufacturing sector is large, however, it lacks in quality of industrial infrastructure, innovation capacity, degree of digitalization, and the effectiveness of resource utilization.
Get Free Sample link @ https://www.omrglobal.com/request-sample/process-automation-market-share
Some crucial players operating in the market include ABB Ltd., Dassault Systemes SE, Eaton Corp. plc, Emerson Electric Co., and Honeywell International Inc. To maintain a strong position in the market, these market players adopt various strategies such as product launches, partnerships, collaborations, and mergers and acquisitions. For instance, Audi, a German automaker, is focusing on building software robots to help staff at PC workstations with tedious work. Over the years, humans and machines have collaborated in Audi’s manufacturing factories. Employees at PC workstations now have access to robot assistance in the shape of Audi my Mate, a digital assistant. The market is growing due to the increasing integration of human and machine labour to help with manufacturing and back-office tasks. The arrival of Industry 4.0 presents an opportunity for market expansion.
A full report of Process Automation Market available @ https://www.omrglobal.com/industry-reports/process-automation-market-share
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Process Automation Market by Segment
By Technology
o Supervisory Control and Data Acquisition (SCADA)
o Human Machine Interface (HMI)
o Distributed Control System (DCS)
o Programmable Logic Controller (PLC)
o Enterprise Resource Planning (ERP)
o Others
By Component
o Hardware
o Software and Services
By End-User Industry
o Oil and Gas
o Electrical and Electronics
o Chemical
o Retail
o Food and Beverage
o Pharmaceutical and Life Science
o Manufacturing (Metal and Paper and Pulp)
o Automobile
o Others
Process Automation Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/process-automation-market-share
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404