Process Automation Market in Europe 2022-2026

Process Automation Market in Europe 2022-2026

Technavio has been monitoring the process automation market in Europe and it is poised to grow by $ 2.43 bn during 2022-2026, decelerating at a CAGR of 6.04% during the forecast period. Our report on the process automation market in Europe 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, latest trends and drivers, and the overall market environment. The market is driven by the rising demand in the healthcare sector and shift toward lean manufacturing. In addition, the rising demand in the healthcare sector is anticipated to boost the growth of the market as well.

The process automation market in Europe analysis includes the type segment and geographic landscape.

Technavio's process automation market in Europe is segmented as below:

By Type

• Discrete automation
• Process automation

By Geographical Landscape

• Germany
• UK
• France
• Rest of Europe

This study identifies the need for efficient use of resources and reduction of emissionsas one of the prime reasons driving the process automation market growth in Europe during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on process automation market in Europe covers the following areas:

• Process automation market sizing
• Process automation market forecast
• Process automation market industry analysis

Technavio's 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 market vendors in Europe that include ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. Also, the process automation market in Europe 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.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.