Global Process Automation Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	212 Pages	DataM Intelligence 4Market Research LLP	May, 2023	DTAM17899738

Best Price Guarantee
Price	from $4,350
Length	212 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	May, 2023
SKU	DTAM17899738

Global Process Automation Market - 2023-2030

Market Overview

The global process automation market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 7.6% during the forecast period (2023-2030).

Process automation is the practice of using machines instead of people to carry out a series of tasks. The phrase is frequently used in the context of business to refer to business process automation, where software applications carry out a number of tasks for the modern, digital corporation. According to the ""productivity paradox,"" as technology develops, procedures slow down because people spend more time browsing apps, moving between them, getting to know them and doing other things. Automation helps to cut down on some of the lost time this contradiction causes.

Market Dynamics

The growing focus on reducing costs and improving efficiency

In order to thrive in the fast-evolving global industrial environment, industries throughout the world are concentrating more and more on increasing production efficiency and lowering operating costs. A major metric of a production site's performance is how rapidly it can respond to abrupt changes in demand, preferences and resource availability. It is where process automation can be useful.

Tools for process automation assist with process management and monitoring, lowering expenses associated with inspection, rework and system failure. Instrumentation products make it easy to measure and analyze process parameters including pressure, temperature, level and humidity.

High implementation and maintenance costs

To construct a new automated manufacturing facility, modern automation technologies like SCADA, DCS, PLC and HMI must be used. One of the most significant challenges preventing the process automation and instrumentation industry from expanding is the need to make significant initial expenditures in order to set up an automated production facility. The market growth is constrained by the high cost of deploying automation solutions like DCS and SCADA as well as instrumentation equipment like process analyzers and transmitters.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global process automation market is segmented based on technology, type, communication protocol, end-user and region.

The requirement of physical elements

Throughout the projected period, the hardware segment is anticipated to increase and hold a significant share. Process automation has seen spectacular growth over the past three decades, driven by the increased demand for precision, efficiency, and cost savings across a wide range of industries. Hardware is crucial for process automation because it offers the tangible components needed for controlling and monitoring industrial activities. Various equipment is used in process automation, such as:

Process automation hardware is built around Programmable Logic Controllers (PLCs), which provide an enduring and flexible control system for industrial processes. PLCs are specialized computers that can read data, output control signals to actuators and other output devices and handles digital and analog inputs from sensors and other devices.

Geographical Analysis

The growing advancement in technology in North America

The market for process automation is predicted to grow in this area at the second-fastest rate over the anticipated time frame. When it comes to process automation, North America has had phenomenal progress in the region. The process automation market in North America is anticipated to have considerable expansion over the next few years as a result of technological developments and rising demand for automation across numerous sectors.

The market for process automation in North America is expanding as a result of numerous causes. For instance, the area's highly advanced and established industrial sector needs automation to increase production and efficiency. The demand for process automation solutions is also being driven by the growing requirement for digital transformation and the expanding adoption of Industry 4.0 practices.

Competitive Landscape

The major global players in the market are ABB, Emerson Electric Co., Honeywell International Inc., Johnson Controls, Mitsubishi Corporation, Siemens AG, Robert Bosch GmBH, Rockwell Automation, Inc., ServiceNow, and Dassault Systèmes.

Why Purchase the Report?
• To visualize the global process automation- market segmentation based on technology, type, communication protocol, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of process automation market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global process automation market report would provide approximately 69 tables, 72 figures and 212 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Market Snippet By Technology; 3.2. Market Snippet By Type; 3.3. Market Snippet By Communication Protocol; 3.4. Market Snippet By End-User; 3.5. Market Snippet By Region
4. Dynamics: 4.1. Impacting Factors; 4.1.1. Drivers; 4.1.1.1. Increasing consumers awareness of benefits of process automation; 4.1.1.2. The growing focus on reducing cost and improving efficiency; 4.1.2. Restraints; 4.1.2.1. High implementation and maintenance costs; 4.1.3. Opportunity; 4.1.4. Impact Analysis
5. Industry Analysis: 5.1. Porter's Five Forces Analysis; 5.2. Supply Chain Analysis; 5.3. Pricing Analysis; 5.4. Regulatory Analysis
6. COVID-19 Analysis: 6.1. Analysis of COVID-19; 6.1.1. Before COVID-19 Scenario; 6.1.2. Present COVID-19 Scenario; 6.1.3. Post COVID-19 or Future Scenario; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During Pandemic; 6.5. Manufacturers Strategic Initiatives; 6.6. Conclusion
7. By Technology: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 7.1.2. Market Attractiveness Index, By Technology; 7.2. PLC*; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.3. SCADA; 7.4. DCS; 7.5. Others
8. By Type: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 8.1.2. Market Attractiveness Index, By Type; 8.2. Software*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.3. Hardware; 8.4. Service
9. By Communication Protocol: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Communication Protocol; 9.1.2. Market Attractiveness Index, By Communication Protocol; 9.2. Wireless Protocol*; 9.2.1. Introduction; 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 9.3. Wired Protocol
10. By End-User: 10.1. Introduction; 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 10.1.2. Market Attractiveness Index, By End-User; 10.2. Pharmaceutical*; 10.2.1. Introduction; 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 10.3. Food and Beverages; 10.4. Paper and Pulp; 10.5. Chemicals; 10.6. Water and Wastewater Treatment; 10.7. Energy and Utilities; 10.8. Oil and Gas; 10.9. Others
11. By Region: 11.1. Introduction; 11.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 11.3. Market Attractiveness Index, By Region; 11.4. North America; 11.4.1. Introduction; 11.4.2. Key Region-Specific Dynamics; 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Communication Protocol; 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.4.7.1. The U.S.; 11.4.7.2. Canada; 11.4.7.3. Mexico; 11.5. Europe; 11.5.1. Introduction; 11.5.2. Key Region-Specific Dynamics; 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Communication Protocol; 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.5.7.1. Germany; 11.5.7.2. The U.K.; 11.5.7.3. France; 11.5.7.4. Italy; 11.5.7.5. Spain; 11.5.7.6. Rest of Europe; 11.6. South America; 11.6.1. Introduction; 11.6.2. Key Region-Specific Dynamics; 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Communication Protocol; 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 11.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.6.7.1. Brazil; 11.6.7.2. Argentina; 11.6.7.3. Rest of South America; 11.7. Asia-Pacific; 11.7.1. Introduction; 11.7.2. Key Region-Specific Dynamics; 11.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 11.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Communication Protocol; 11.7.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User; 11.7.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.7.7.1. China; 11.7.7.2. India; 11.7.7.3. Japan; 11.7.7.4. Australia; 11.7.7.5. Rest of Asia-Pacific; 11.8. Middle East and Africa; 11.8.1. Introduction; 11.8.2. Key Region-Specific Dynamics; 11.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology; 11.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type; 11.8.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Communication Protocol; 11.8.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
12. Competitive Landscape: 12.1. Competitive Scenario; 12.2. Market Positioning/Share Analysis; 12.3. Mergers and Acquisitions Analysis
13. Company Profiles: 13.1. ABB; 13.1.1. Company Overview; 13.1.2. Product Portfolio and Description; 13.1.3. Key Highlights; 13.1.4. Financial Overview; 13.2. Emerson Electric Co.; 13.3. Honeywell International Inc.; 13.4. Johnson Controls; 13.5. Mitsubishi Corporation; 13.6. Siemens AG; 13.7. Robert Bosch GmBH; 13.8. Rockwell Automation, Inc.; 13.9. Dassault Systèmes; 13.10. ServiceNow; LIST NOT EXHAUSTIVE
14. Appendix: 14.1. About Us and Services; 14.2. Contact Us