Process Automation & Instrumentation Market Forecasts to 2030 – Global Analysis By Type (Instrument, Solutions, Instrumentation & Controls and Other Types), Technology, Application and By Geography

Process Automation & Instrumentation Market Forecasts to 2030 – Global Analysis By Type (Instrument, Solutions, Instrumentation & Controls and Other Types), Technology, Application and By Geography


According to Stratistics MRC, the Global Process Automation & Instrumentation Market is accounted for $69.7 billion in 2024 and is expected to reach $107.5 billion by 2030 growing at a CAGR of 7.5% during the forecast period. Process Automation & Instrumentation involves the integration of control systems, sensors, and software to automate industrial processes. It includes technologies like PLCs (Programmable Logic Controllers), DCS (Distributed Control Systems), and SCADA (Supervisory Control and Data Acquisition) systems. These solutions enhance operational efficiency, reduce human error, and ensure consistent product quality across industries such as manufacturing, oil & gas, pharmaceuticals, and utilities.

According to the NACE (National Association for Corrosion Engineers), the oil and gas industry suffers a cost of over USD 1.6 billion per year due to corrosion alone.

Market Dynamics:

Driver:

Increasing focus on cost saving and efficiency

Utilities and industries seek RMUs that offer reduced operational costs through energy-efficient designs, maintenance optimization, and longer lifecycle benefits. Manufacturers respond by developing advanced RMUs with integrated monitoring and control capabilities, enabling predictive maintenance and minimizing downtime. Additionally, cost-effective solutions that enhance grid reliability and performance are in high demand which drives the growth of the market.

Restraint:

High initial investment costs

In case of utilities and operators, the upfront expenses for purchasing and installing RMUs can be substantial, impacting budget allocations and project feasibility. The cost-sensitive nature of the industry may delay infrastructure upgrades and modernization efforts, particularly in regions with limited financial resources. Moreover, higher initial costs can deter potential customers from investing in RMUs, opting instead for cheaper alternatives or delaying adoption altogether.

Opportunity:

Rising trend of connected enterprises

Connected enterprises leverage digital technologies and IoT (Internet of Things) to enhance real-time monitoring, data analytics, and control capabilities across distributed energy networks. RMUs equipped with communication and connectivity features play a pivotal role in this ecosystem, enabling seamless integration, remote management, and predictive maintenance. This trend drives innovation in RMU designs, focusing on interoperability, cybersecurity, and scalability to meet evolving grid demands.

Threat:

Concerns about job displacement

Utilities and industries may hesitate to invest in RMUs that promise increased automation and efficiency if it is perceived to result in reduced workforce requirements. This reluctance can hinder innovation and delay modernization efforts in electricity distribution networks. Additionally, stakeholders may face pressure to prioritize job retention over technological upgrades, limiting the pace of transformation towards smart grid solutions hampering the market growth.

Covid-19 Impact

The Covid-19 pandemic accelerated demand for process automation and instrumentation as industries sought to minimize human contact and maintain operations remotely. Essential sectors like pharmaceuticals, food & beverage, and healthcare increased investments in automation to ensure continuity and safety. Supply chain disruptions underscored the importance of resilient manufacturing and logistics systems, driving adoption of advanced control systems and robotics. However, sectors like oil & gas faced reduced investments amidst economic uncertainty. The crisis also spurred innovation in remote monitoring technologies and digital solutions.

The instrument segment is expected to be the largest during the forecast period

The instrument is expected to be the largest during the forecast period because sensors, analyzers, meters, and other instruments provide real-time data on variables like temperature, pressure, flow, and composition, enabling precise control and decision-making. Advancements in instrument technology, such as wireless connectivity and miniaturization, enhance automation capabilities and facilitate data integration across systems. The demand for reliable and accurate instruments is driven by industries' need to improve operational efficiency, ensure product quality, and comply with regulatory requirements.

The industrial internet of things segment is expected to have the highest CAGR during the forecast period

The industrial internet of things segment is expected to have the highest CAGR during the forecast period enabling interconnected devices to gather, analyze, and share data across industrial operations in real-time. IIoT enhances automation by optimizing processes, predicting maintenance needs, and improving resource utilization. Instruments equipped with sensors and IoT connectivity offer enhanced monitoring and control capabilities, facilitating remote operation and decision-making. This integration enhances operational efficiency, reduces downtime, and supports predictive maintenance strategies.

Region with largest share:

North America is projected to hold the largest market share during the forecast period as north America is one of the largest global markets for process automation and instrumentation. The United States is renowned for its innovation capabilities and is at the forefront of prominent developments surrounding the emerging technologies of the Fourth Industrial Revolution. New-found shale resources in the United States, and an increasing number of oil and gas projects in Canada, are additional indicators of the market potential.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period owing to countries like China, India, Japan, and South Korea lead in manufacturing, oil & gas, and automotive industries, fueling demand for PLCs, DCS, and SCADA systems. The region's focus on improving operational efficiency, reducing production costs, and meeting stringent regulatory standards accelerates market growth. Advancements in AI, IoT, and digital transformation further boost market opportunities in this region.

Key players in the market

Some of the key players in Process Automation & Instrumentation market include ABB Ltd, Dassault Systems, Delta Electronics, Eaton Corporation, Emerson Electric Co., Fuji Electric, General Electric Company, Honeywell International, Inc., Johnson Controls, Inc., Koyo Electronics Industries Co., Ltd, Mitsubishi Electric, Pepper Fuchs GmbH., Robert Bosch GmbH, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corporation

Key Developments:

In June 2024, ABB's integrated technology will stabilize the power grid as Spanish islands transition to green energy. With this project, Red Eléctrica advances the execution of its Network Development Plan 2021–2026, which will allow the integration of 67 percent renewable energy into the generation mix

In June 2024, ABB launches next-generation Robotics control platform OmniCore. Unique, single control architecture integrates ABB Robotics’ complete range of hardware and software

In June 2024, E Vernova Inc. and Seatrium Limited announced that, they have been awarded a third contract by TenneT TSO B.V. (TenneT) for the construction of a 2-gigawatt (GW) High Voltage Direct Current (HVDC) electric offshore transmission system in the Netherlands.

Types Covered:
• Instrument
• Solutions
• Instrumentation & Controls
• Other Types

Technologies Covered:
• Industrial Internet of Things
• Artificial Intelligence & Machine Learning
• Robotics and Automated Guided Vehicles
• Process Analytical Technology
• Cloud Computing
• Big Data Analytics
• Blockchain Technology
• Other Technologies

Applications Covered:
• Oil & Gas
• Chemicals & Petrochemicals
• Pharmaceuticals & Biotechnology
• Energy & Power
• Food & Beverages
• Water & Wastewater Treatment
• Pulp & Paper
• Metals & Mining
• Automotive
• Semiconductors & Electronics
• Aerospace & Defense
• Building Automation
• Glass & Ceramics
• Rubber & Plastics
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
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2.5.2 Secondary Research Sources
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2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Process Automation & Instrumentation Market, By Type
5.1 Introduction
5.2 Instrument
5.2.1 Field Instruments
5.2.2 Control Valve
5.2.3 Analytical Instruments
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5.3 Solutions
5.3.1 Advanced Process Control (APC)
5.3.2 Distributed Control System (DCS)
5.3.3 Human Machine Interface (HMI)
5.3.4 Manufacturing Execution System (MES)
5.3.5 Programmable Logic Controller (PLC)
5.3.6 Safety Automation
5.3.7 Supervisory Control and Data Acquisition (SCADA)
5.4 Instrumentation & Controls
5.4.1 Speed Sensors
5.4.2 Position Sensors
5.4.3 Level Transmitters
5.4.4 Flow Transmitters
5.4.5 Pressure Transmitters
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5.4.6 Temperature Transmitters
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5.4.7 Switches
5.4.8 Controllers
5.4.9 Actuators
5.4.10 Valves
5.4.11 Positioners
5.5 Other Types
6 Global Process Automation & Instrumentation Market, By Technology
6.1 Introduction
6.2 Industrial Internet of Things
6.3 Artificial Intelligence & Machine Learning
6.4 Robotics and Automated Guided Vehicles
6.5 Process Analytical Technology
6.6 Cloud Computing
6.7 Big Data Analytics
6.8 Blockchain Technology
6.9 Other Technologies
7 Global Process Automation & Instrumentation Market, By Application
7.1 Introduction
7.2 Oil & Gas
7.3 Chemicals & Petrochemicals
7.4 Pharmaceuticals & Biotechnology
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7.5 Energy & Power
7.6 Food & Beverages
7.7 Water & Wastewater Treatment
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7.8 Pulp & Paper
7.9 Metals & Mining
7.10 Automotive
7.11 Semiconductors & Electronics
7.12 Aerospace & Defense
7.13 Building Automation
7.14 Glass & Ceramics
7.15 Rubber & Plastics
7.16 Other Applications
8 Global Process Automation & Instrumentation Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
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8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
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9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 ABB Ltd
10.2 Dassault Systems
10.3 Delta Electronics
10.4 Eaton Corporation
10.5 Emerson Electric Co.
10.6 Fuji Electric
10.7 General Electric Company
10.8 Honeywell International, Inc.
10.9 Johnson Controls, Inc.
10.10 Koyo Electronics Industries Co., Ltd
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10.11 Mitsubishi Electric
10.12 Pepper Fuchs GmbH.
10.13 Robert Bosch GmbH
10.14 Rockwell Automation, Inc.
10.15 Schneider Electric SE
10.16 Siemens AG
10.17 Yokogawa Electric Corporation
List of Tables
Table 1 Global Process Automation & Instrumentation Market Outlook, By Region (2022-2030) ($MN)>
Table 2 Global Process Automation & Instrumentation Market Outlook, By Type (2022-2030) ($MN)
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Table 3 Global Process Automation & Instrumentation Market Outlook, By Instrument (2022-2030) ($MN)
Table 4 Global Process Automation & Instrumentation Market Outlook, By Field Instruments (2022-2030) ($MN)
Table 5 Global Process Automation & Instrumentation Market Outlook, By Control Valve (2022-2030) ($MN)
Table 6 Global Process Automation & Instrumentation Market Outlook, By Analytical Instruments (2022-2030) ($MN)
Table 7 Global Process Automation & Instrumentation Market Outlook, By Solutions (2022-2030) ($MN)
Table 8 Global Process Automation & Instrumentation Market Outlook, By Advanced Process Control (APC) (2022-2030) ($MN)
Table 9 Global Process Automation & Instrumentation Market Outlook, By Distributed Control System (DCS) (2022-2030) ($MN)
Table 10 Global Process Automation & Instrumentation Market Outlook, By Human Machine Interface (HMI) (2022-2030) ($MN)
Table 11 Global Process Automation & Instrumentation Market Outlook, By Manufacturing Execution System (MES) (2022-2030) ($MN)
Table 12 Global Process Automation & Instrumentation Market Outlook, By Programmable Logic Controller (PLC) (2022-2030) ($MN)
Table 13 Global Process Automation & Instrumentation Market Outlook, By Safety Automation (2022-2030) ($MN)
Table 14 Global Process Automation & Instrumentation Market Outlook, By Supervisory Control and Data Acquisition (SCADA) (2022-2030) ($MN)
Table 15 Global Process Automation & Instrumentation Market Outlook, By Instrumentation & Controls (2022-2030) ($MN)
Table 16 Global Process Automation & Instrumentation Market Outlook, By Speed Sensors (2022-2030) ($MN)
Table 17 Global Process Automation & Instrumentation Market Outlook, By Position Sensors (2022-2030) ($MN)
Table 18 Global Process Automation & Instrumentation Market Outlook, By Level Transmitters (2022-2030) ($MN)
Table 19 Global Process Automation & Instrumentation Market Outlook, By Flow Transmitters (2022-2030) ($MN)
Table 20 Global Process Automation & Instrumentation Market Outlook, By Pressure Transmitters (2022-2030) ($MN)
Table 21 Global Process Automation & Instrumentation Market Outlook, By Temperature Transmitters (2022-2030) ($MN)
Table 22 Global Process Automation & Instrumentation Market Outlook, By Switches (2022-2030) ($MN)
Table 23 Global Process Automation & Instrumentation Market Outlook, By Controllers (2022-2030) ($MN)
Table 24 Global Process Automation & Instrumentation Market Outlook, By Actuators (2022-2030) ($MN)
Table 25 Global Process Automation & Instrumentation Market Outlook, By Valves (2022-2030) ($MN)
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Table 26 Global Process Automation & Instrumentation Market Outlook, By Positioners (2022-2030) ($MN)
Table 27 Global Process Automation & Instrumentation Market Outlook, By Other Types (2022-2030) ($MN)
Table 28 Global Process Automation & Instrumentation Market Outlook, By Technology (2022-2030) ($MN)
Table 29 Global Process Automation & Instrumentation Market Outlook, By Industrial Internet of Things (2022-2030) ($MN)
Table 30 Global Process Automation & Instrumentation Market Outlook, By Artificial Intelligence & Machine Learning (2022-2030) ($MN)
Table 31 Global Process Automation & Instrumentation Market Outlook, By Robotics and Automated Guided Vehicles (2022-2030) ($MN)
Table 32 Global Process Automation & Instrumentation Market Outlook, By Process Analytical Technology (2022-2030) ($MN)
Table 33 Global Process Automation & Instrumentation Market Outlook, By Cloud Computing (2022-2030) ($MN)
Table 34 Global Process Automation & Instrumentation Market Outlook, By Big Data Analytics (2022-2030) ($MN)
Table 35 Global Process Automation & Instrumentation Market Outlook, By Blockchain Technology (2022-2030) ($MN)
Table 36 Global Process Automation & Instrumentation Market Outlook, By Other Technologies (2022-2030) ($MN)
Table 37 Global Process Automation & Instrumentation Market Outlook, By Application (2022-2030) ($MN)
Table 38 Global Process Automation & Instrumentation Market Outlook, By Oil & Gas (2022-2030) ($MN)
Table 39 Global Process Automation & Instrumentation Market Outlook, By Chemicals & Petrochemicals (2022-2030) ($MN)
Table 40 Global Process Automation & Instrumentation Market Outlook, By Pharmaceuticals & Biotechnology (2022-2030) ($MN)
Table 41 Global Process Automation & Instrumentation Market Outlook, By Energy & Power (2022-2030) ($MN)
Table 42 Global Process Automation & Instrumentation Market Outlook, By Food & Beverages (2022-2030) ($MN)
Table 43 Global Process Automation & Instrumentation Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
Table 44 Global Process Automation & Instrumentation Market Outlook, By Pulp & Paper (2022-2030) ($MN)
Table 45 Global Process Automation & Instrumentation Market Outlook, By Metals & Mining (2022-2030) ($MN)
Table 46 Global Process Automation & Instrumentation Market Outlook, By Automotive (2022-2030) ($MN)
Table 47 Global Process Automation & Instrumentation Market Outlook, By Semiconductors & Electronics (2022-2030) ($MN)
Table 48 Global Process Automation & Instrumentation Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
Table 49 Global Process Automation & Instrumentation Market Outlook, By Building Automation (2022-2030) ($MN)
Table 50 Global Process Automation & Instrumentation Market Outlook, By Glass & Ceramics (2022-2030) ($MN)
Table 51 Global Process Automation & Instrumentation Market Outlook, By Rubber & Plastics (2022-2030) ($MN)
Table 52 Global Process Automation & Instrumentation Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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