The process automation and instrumentation market is expected to grow from USD 65.56 billion in 2019 to USD 81.77 billion by 2027, at a CAGR of 2.8% during the forecast period 2020-2027.
The process automation is an efficient and smooth implementation of tasks utilizing automated machinery and computers. It can be split into three output-based forms that are mass of flow, versatile and batch, and work automation. In process automation, if the design is not versatile and the output is high, then it is considered mass and flow, and if the performance is low and the process takes place in different batches, it is known as batch automation. Process instrumentation applies to the instruments used for the calculation, detection, regulation, and tracking process. Automation and instrumentation devices are used for the purpose of automation. Process automation includes hardware, software, and computer technology to allow end-use industries like oil & gas, cement, paper, chemical, and others to operate more efficiently and softly.
The factors driving the market are increasing value of energy conservation and cost reduction, increased acceptance of industrial automation and maximum resource use, and low deployment cost. The factors restraining the market growth are high investment required for implementation and significant maintenance costs of process automation and instrumentation, and the vulnerability of instrument breakage is more during the critical working condition and uncertainty of breakdown. Increasing demand for multivariable pressure transmitters and rising demand for safety automation systems will provide market growth opportunities. However, lack of skilled workforce and persistence growth in cyberattacks and security issues challenges the market growth.
This study delivers a comprehensive analysis of instruments, solution, industry, and region. The instrument segment includes a field instrument, control valve, and analytical instrument. Control valve segment holds the largest share, owing to growing government initiatives increased use of control valve in oil & gas concerning flow control projects. The solution segment includes PLC, DCS, SCADA, HMI, functional safety, APC, and MES. The MES segment holds the largest share, as it helps improve productivity, eliminate human dependency for processing data, and reduce cycle time. The manufacturing execution system (MES) is useful in providing information that helps manufacturers understand about the present condition of a plant floor that can be optimized to improve production output. Based on the industry, the market is segmented into food & beverage, pharmaceuticals, chemicals, energy & power, oil & gas, metals & mining, water & wastewater, pulp & paper, and others. The pharmaceuticals segment holds the largest share, owing to growing competition in the industry, rising need for process automation solutions to various processes like testing, manufacturing, packaging and distribution, drug development, and the increasing importance of providing precision measuring equipment to provide an accurate dosage of medicine.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific region holds the largest share, owing to the rising infrastructural investments in energy and power due to an increase in the demand for electricity and policymakers for better power reliability. Other factors, such as rapid industrialization and consistent growth in the region's industrial activities, will propel the market growth. North America is expected to witness significant growth, owing to advancements in next-generation technologies in Canada, and the U.S. Latin America is anticipated to grow, owing to the massive growth of connected devices.
Some of the notable players in the market are Mitsubishi Electric, Emerson Electric, Siemens, ABB, Honeywell International, General Electric, Schneider Electric, Rockwell Automation, Endress+Hauser, Yokogawa Electric, and HollySys. In January 2020, a new portfolio of RXi industrial display and panel PC was launched by Emerson to minimize the lifecycle cost in industrial applications and improve production processes in life science, metals & mining, power and water, machinery industries, and manufacturing.
Process Automation and Instrumentation Market Analysis and Forecast, Instrument
Process Automation and Instrumentation Market Analysis and Forecast, Solution
Process Automation and Instrumentation Market Analysis and Forecast, Industry
Process Automation and Instrumentation Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Instrument
4.3.2. Market Attractiveness Analysis By Solution
4.3.3. Market Attractiveness Analysis By Industry
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing value of energy conservation
5.2.2. Increased acceptance of industrial automation and maximum resource use
5.3. Restraints
5.3.1. High investment required for implementation and significant maintenance costs of process automation and instrumentation
5.4. Opportunities
5.4.1. Increasing demand for multivariable pressure transmitters
5.4.2. Rising demand for safety automation
5.5. Challenges
5.5.1. Lack of skilled workforce and persistence growth in cyberattacks
6. Global Process Automation and Instrumentation Market Analysis and Forecast, By Instrument
6.1. Segment Overview
6.2. Field Instrument
6.3. Control Valve
6.4. Analytical Instrument
7. Global Process Automation and Instrumentation Market Analysis and Forecast, By Solution
7.1. Segment Overview
7.2. PLC
7.3. DCS
7.4. SCADA
7.5. HMI
7.6. Functional Safety
7.7. APC
7.8. MES
8. Global Process Automation and Instrumentation Market Analysis and Forecast, By Industry
8.1. Segment Overview
8.2. Food & Beverage
8.3. Pharmaceuticals
8.4. Chemicals
8.5. Energy & Power
8.6. Oil & Gas
8.7. Metals & Mining
8.8. Waste & Wastewater
8.9. Pulp & Paper
8.10. Others
9. Global Process Automation and Instrumentation Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Process Automation and Instrumentation Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Process Automation and Instrumentation Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Material Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Mitsubishi Electric
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Instrument Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Emerson Electric
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Instrument Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Siemens
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Instrument Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. ABB
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Instrument Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Honeywell International
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Instrument Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. General Electric
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Instrument Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Schneider Electric
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Instrument Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Rockwell Automation
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Instrument Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Endress+Hauser
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Instrument Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Yokogawa Electric
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Instrument Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. HollySys
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Instrument Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
1. Global Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
2. Global Field Instrument, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
3. Global Control Valve, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
4. Global Analytical Instrument, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
5. Global Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
6. Global PLC, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
7. Global DCS, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
8. Global SCADA,Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
9. Global HMI, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
10. Global Functional Safety, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
11. Global APC, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
12. Global MES, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
13. Global Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
14. Global Food & Beverage, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
15. Global Pharmaceuticals, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
16. Global Chemicals, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
17. Global Energy & Power, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
18. Global Oil & Gas, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
19. Global Metals & Mining, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
20. Global Waste & Wastewater, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
21. Global Pulp & Paper, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
22. Global Others, Process Automation and Instrumentation Market, By Region, 2019-2027 (USD Billion)
23. North America Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
24. North America Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
25. North America Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
26. U.S. Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
27. U.S. Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
28. U.S. Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
29. Canada Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
30. Canada Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
31. Canada Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
32. Mexico Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
33. Mexico Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
34. Mexico Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
35. Europe Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
36. Europe Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
37. Europe Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
38. Germany Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
39. Germany Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
40. Germany Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
41. France Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
42. France Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
43. France Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
44. U.K. Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
45. U.K. Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
46. U.K. Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
47. Italy Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
48. Italy Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
49. Italy Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
50. Spain Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
51. Spain Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
52. Spain Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
53. Asia Pacific Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
54. Asia Pacific Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
55. Asia Pacific Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
56. Japan Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
57. Japan Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
58. Japan Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
59. China Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
60. China Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
61. China Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
62. India Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
63. India Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
64. India Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
65. South America Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
66. South America Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
67. South America Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
68. Brazil Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
69. Brazil Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
70. Brazil Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
71. Middle East and Africa Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
72. Middle East and Africa Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
73. Middle East and Africa Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
74. UAE Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
75. UAE Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
76. UAE Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
77. South Africa Process Automation and Instrumentation Market, By Instrument, 2019-2027 (USD Billion)
78. South Africa Process Automation and Instrumentation Market, By Solution, 2019-2027 (USD Billion)
79. South Africa Process Automation and Instrumentation Market, By Industry, 2019-2027 (USD Billion)
List of Figures
1. Global Process Automation and Instrumentation Market Segmentation
2. Global Process Automation and Instrumentation Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Process Automation and Instrumentation Market Attractiveness Analysis By Instrument
9. Global Process Automation and Instrumentation Market Attractiveness Analysis By Solution
10. Global Process Automation and Instrumentation Market Attractiveness Analysis By Industry
11. Global Process Automation and Instrumentation Market Attractiveness Analysis By Region
12. Global Process Automation and Instrumentation Market: Dynamics
13. Global Process Automation and Instrumentation Market Share by Instrument(2020 & 2027)
14. Global Process Automation and Instrumentation Market Share by Solution (2020 & 2027)
15. Global Process Automation and Instrumentation Market Share by Industry (2020 & 2027)
16. Global Process Automation and Instrumentation Market Share by Regions (2020 & 2027)
17. Global Process Automation and Instrumentation Market Share by Company (2019)
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