The global process control automation market is anticipated to be worth USD 396.08 billion by 2029 from USD 248.18 billion in 2024, growing at a CAGR of 9.8% during the forecast period.
The employment of various control systems, software, and other technologies for automation and effective control over the industrial process is known as process control automation. The manufacturing process and other similar operations are becoming much quicker and more cost-effective as technology advances. The usage of these technologies improves productivity and quality, practically eliminates waste and allows for speedier contact with other divisions inside the firm, among other benefits. China, which is the key hub of global production, has the largest market for this industry. China, for example, presently produces more than 60% of Siemens control systems. Automation is required to meet the rising demand for higher-quality products at faster production rates while simultaneously lowering labor expenses.
The oil and gas business is the biggest contributor to automation, followed by the chemicals and wastewater treatment industries. Due to rising energy demand, many corporations throughout the world are looking for new conventional and non-conventional hydrocarbon resources. Such discoveries will increase the demand for process automation in oil and gas solutions. During the projected period, automation solutions like SCADA (supervisory control and data acquisition), DCS (distributed control systems), and MES (manufacturing execution systems) would be critical in the communication and control of remote units.
Across sectors, the fourth Industrial Revolution has altered the digital supply chain. Organizations must embrace the Industrial Revolution in order to meet evolving customer demands such as personalized and immediate services. With the rapid advancement of technology, industry participants collaborate with tech-savvy businesses to build innovative solutions based on established technologies. Honeywell International Inc. and Tech Mahindra Limited, for example, joined in February 2020 to construct digitized "Factories of the Future" using digital technology. By empowering manufacturers, the cooperation hopes to speed the digital transformation path. Siemens teamed up with SAP SE to provide businesses with Industrial Revolution-enabled business operations. These procedures will enable the creation of a digital thread that will span the whole product lifecycle. Companies are concentrating on capitalizing on 5G, the Industrial Revolution, and digital transformation & software capabilities through these partnerships and collaborations to enable manufacturers to scale up their business and realize the promise of Industrial Revolution technologies and solutions. In the next years, such partnerships and collaborations are expected to drive demand in the process control automation market.
Although industrial automation procedures are cost-effective, the initial capital investment required for technology deployment and staff training is substantial. Furthermore, due to the fragmented structure of the Process Control Automation Market, the return on investment (ROI) cannot be forecast. Small and medium-sized businesses (SMEs) are cautious about using technology because of the high upfront expenses and uncertain return on investment. Smart manufacturing and government initiatives, such as the Government of India's MSME company financing plan and the Make in India campaign, are set to eliminate this barrier and open markets for solutions in the near future.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
9.8% |
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Segments Covered |
By Component, Industry and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
ABB Ltd, Danaher Corporation, Emerson Electric Company, Honeywell International Inc, Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc, Schneider Electric, Siemens, Yokogawa Electric Corporation and Others. |
During the forecast period, the software is expected to have a significant market share. Human-machine interface (HMI) software, manufacturing operations management (MOM) software, supervisory control, and data gathering are all examples of automation software (SCADA). It allows companies to simplify their production processes. Because of the growing need for improved automation processes in businesses, the hardware segment is expected to increase rapidly throughout the projection period.
During the forecast period, the discrete automation sector is likely to occupy a significant market share. Automotive, electronics, heavy manufacturing, packaging, and other industries make up the discrete automation business. The need for automation solutions is expected to increase in the automotive and heavy industrial industries.
Oil and gas, chemicals, pulp and paper, mining and metals, healthcare, and other industries make up the process automation business. Mining and metals are expected to have the largest market share, followed by healthcare, oil and gas, and chemicals.
During the projected period, Europe is expected to dominate the worldwide Process Control Automation Market share. In January 2021, the highest robot density was observed in Western Europe (225 units per 10,000 employees) and Nordic European Countries (204 units per 10,000 employees), according to the International Federation of Robotics.
During the forecast period, the Asia Pacific is expected to grow at a high rate since Japan manufactures the large number of robots and industrial automation systems.
Because of manufacturers' increased manufacturing capabilities and effective trading methods, North America will see tremendous growth in the next years. In the future years, the Middle East and Africa are expected to rise significantly. With the rise of digital transformation, artificial intelligence and robotic process automation are gaining popularity in the area, and South America is expected to develop at a constant rate. With a growing need for advanced technology, Brazil presents a huge opportunity for automation companies.
ABB Ltd, Danaher Corporation, Emerson Electric Company, Honeywell International Inc, Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc, Schneider Electric, Siemens and Yokogawa Electric Corporation are some of the major players in the process control automation market.
Rockwell Automation Inc. teamed up with Kezzler AS, a cloud-based product digitalization and traceability platform, in July 2021. Using cloud-based chain technologies, the alliance seeks to enable manufacturers to document their product's end-to-end journey from raw material suppliers to the point of sale or beyond.
Siemens AG and SAP SE expanded their relationship in July 2021 to develop a new service and asset lifecycle management solution. To enhance cooperation across the asset lifecycle, the alliance intends to integrate factory floor operations, product development through digital twins, and remote condition monitoring with original equipment manufacturers (OEMs).
By Component
Hardware
Software
By Industry
Discrete Automation
Process Automation
By Region
North America
The United States
Canada
Rest of North America
Europe
The United Kingdom
Spain
Germany
Italy
France
Rest of Europe
Asia Pacific
India
Japan
China
Australia
Singapore
Malaysia
South Korea
New Zealand
Southeast Asia
Latin America
Brazil
Argentina
Mexico
Rest of LATAM
The Middle East and Africa
Saudi Arabia
UAE
Lebanon
Jordan
Cyprus
Frequently Asked Questions
The key factors driving the growth include the rising demand for industrial automation, the need for enhanced operational efficiency and productivity, the adoption of IoT and AI in industrial processes, the growing importance of regulatory compliance, and advancements in control technologies.
Major adopters of process control automation include the oil and gas, chemical, pharmaceutical, food and beverage, power generation, and manufacturing industries. These sectors require precise control and monitoring of processes to ensure safety, efficiency, and compliance with regulations.
Key challenges include high initial costs of implementation, cybersecurity concerns, complexity in integrating new systems with legacy infrastructure, and the need for skilled professionals to manage and maintain automated systems.
The future outlook for the market is positive, with continuous growth expected due to ongoing technological advancements, increased investments in automation, and the need for industries to improve efficiency and reduce operational costs. The market is anticipated to see significant innovations in AI, IoT, and cloud computing, further driving its expansion.
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