Global Process Automation And Instrumentation Market 2024-2028
The process automation and instrumentation market is forecasted to grow by USD 30.26 bn during 2023-2028, accelerating at a CAGR of 5.95% during the forecast period. The report on the process automation and instrumentation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by simplification of manufacturing through automation, shift toward lean manufacturing, and need for efficient use of resources and reduction of emissions.
Technavio's process automation and instrumentation market is segmented as below:
By End-user
Oil and gas
Chemical
Food and beverages
Energy and power
Others
By Type
Process automation
Process instrumentation
By Geographical Landscape
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the shift from on-premises to cloud-based systems as one of the prime reasons driving the process automation and instrumentation market growth during the next few years. Also, virtualization of process automation control systems and growing importance of big data analytics and iot will lead to sizable demand in the market.
The report on the process automation and instrumentation market covers the following areas:
Process automation and instrumentation market sizing
Process automation and instrumentation market forecast
Process automation and instrumentation market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading process automation and instrumentation market vendors that include ABB Ltd., Delta Electronics Inc., Emerson Electric Co., Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., KROHNE Messtechnik GmbH, Metso Outotec Corp., Mitsubishi Electric Corp., OMRON Corp., Pepperl and Fuchs SE, Rockwell Automation Inc., Schlumberger Ltd., Schneider Electric SE, Siemens AG, Teledyne Technologies Inc., Titan Co. Ltd., and Yokogawa Electric Corp.. Also, the process automation and instrumentation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global process automation and instrumentation market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global process automation and instrumentation market 2018 - 2022 ($ billion)