The global process automation market is estimated to grow at a CAGR of nearly 7.5% 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.
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Under the plan, the Chinese government seeks to carry out the task of upgrade infrastructure and leverage technological developments. MIC 2025 aims to move China in the manufacturing value chain through smart manufacturing and advanced manufacturing technologies. The increasing focus on advances in process automation is leading to the emerging adoption of process automation technologies to increase productivity and efficiency in the manufacturing sector. Companies associated with the manufacturing sector is significantly implementing robots to conduct everyday production operations in the plant.
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- 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
- , and others
Global Process Automation Market- Segmentation
By Technology
- Supervisory Control and Data Acquisition (SCADA)
- Human Machine Interface (HMI)
- Distributed Control System (DCS)
- Programmable Logic Controller (PLC)
- Enterprise Resource Planning (ERP)
- Others
By Component
- Hardware
- Software and Services
By End-User Industry
- Oil and Gas
- Electrical and Electronics
- Chemical
- Retail
- Food and Beverage
- Pharmaceutical and Life Science
- Manufacturing (Metal and Paper and Pulp)
- Automobile
- Others
Global Process Automation Market– Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East and Africa
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global process automation market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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