Process Automation Market Overview
The research report with top-level information is a key benefit that provides qualitative and quantitative factors of the Process Automation Market. In this research survey, the features that have powered and reserved the market’s growth are also included in this market report. The research outline also contains the primary industry’s pattern and the international market’s projected volume based on the provincial estimation. Moreover, it also, gives details of a portion of the complete industry, new turns of events, and the effect of domestic and constrained market players, examines openings as far as arising income pockets, changes in market strategies, product confirmations, key choices, product dispatches, landscape extensions, and mechanical developments and possessions in the market.
Process Automation Market by Instrument (Field Instruments, Process Analysers), Solution (PLC, DCS, SCADA, HMI, Functional Safety, MES), Industry, and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global Process Automation Market size is projected to reach a CAGR of 5.9% from 2022-2028.
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Process automation industries have been into existence for a long time. The advances in automation systems have taken the process industries to a next level in terms of time management, production quality, energy efficiency and optimization of process. Process automation generally follows five layered architectures in which I/O systems is at lowest level then PLC then SCADA followed by MES and ERP respectively. These five layers together form process automation.
The growing importance of energy efficiency and cost optimization, increased productivity, minimized errors and better scalability; the increasing use of digital technologies such as IIoT, machine learning, and artificial intelligence; and the rising emphasis on industrial automation and optimum utilization of resources are some of the factors that have supported long-term expansion for Process Automation Market.
The outbreak of the COVID-19 pandemic had negatively impacted the growth of the process automation market in 2020 due to disruptions in the supply chain and a decline in demand.
Process Automation Market Regional Analysis
Asia Pacific led the global process automation market, followed Asia Pacific led the global process automation market, followed by North America and Europe. In Asia Pacific, the demand for process automation solutions is growing from the oil & gas and food.
Process Automation Market Competitive Landscape
Key Players
· ABB Ltd.
· Emerson Electric Company
· Danaher Corporation
· Omron Corporation
· Mitsubishi Electric Corp.
· Schneider Electric
· Rockwell Automation
· Siemens and Yokogawa Electric Corporation
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Recent Developments in The Process Automation Market
· In September 2021, Siemens launched Sitrans IQ, a new digitalization portfolio designed for targeted monitoring of critical measurement points to complete asset management covering instrumentation for multiple plants. This solution meets all types of requirements, including apps for smart asset management, smart inventory management, remote monitoring, Bluetooth connectivity for field devices and condition monitoring of capital assets
· In June 2020, Emerson Electric Co. launched ASCO Series 353 pulse valves. These valves are expected to help end users achieve effective, efficient, and convenient bag cleaning. These valves can be used in different applications in agriculture, pharmaceuticals, mining, rubber, metals, cement, and power industries.
Reasons to Acquire Process Automation Market Report
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Process Automation Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Process Automation Market is segmented into instrument, solution, industry and region.
On the basis of Instrument
Field instruments
Process analysers
On the basis of Solution
PLC
DCS
SCADA
HMI
Functional Safety
MES
On the basis of Industry
Oil & Gas
Chemicals
Pulp & Paper
Pharmaceuticals
Metals & Mining
Food & Beverages
Energy & Power
Water & Wastewater Treatment
Others
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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