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Process Automation and Instrumentation Market

Process Automation And Instrumentation Market Size, Share & Segment By Instrument (Field Instruments, Control Valve, Process Analyzers), By Solution (PLC, SCADA, APC, MES, DCS, HMI, Functional Safety), By Industry (Oil & Gas, Pulp & Paper, Metals & Mining, Energy & Power, Chemicals, Pharmaceuticals, Food & Beverages, Water & Wastewater Treatment, Others), and By Regions | Global Forecast 2022-2028

Report Id: SNS/SEMI/1626 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Process Automation and Instrumentation Market Size was valued at USD 62.9 billion in 2021 and is expected to reach USD 92.2 billion by 2028, and grow at a CAGR of 5.6% over the forecast period 2022-2028.

Process Automation and Instrumentation are called the transformation of human thoughts into a technical and computer model. Self-learning of technological advances that uses touch and patterns to make the human mind think. The automation and utilization process has become very important in modern industry and planning as it provides real-time information that is also used to improve operations.

Process Automation and Instrumentation Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS

  • Increasing manufacturing firms on achieving cost saving and better efficiency.

  • Increased IoT use in industrial sectors, strict compliances, and regulations to improve production efficiency.

RESTRAINTS

  • Huge execution and maintenance cost.

  • High investments required for development of devise and solutions.

OPPORTUNITIES

  • Increasing industry 4.0 manufacturing firms.

CHALLENGES

  • Lack of skilled employees to operate sophisticated automation systems.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.

The COVID-19 epidemic has reduced various opportunities in the process automation and instrumentation industry. The epidemic has created a supply chain disruption that has had a profound effect on demand, production, and investment in the industry. Technology is in the Infant’s stage, which is why it requires a lot of investment in research and development; however, the epidemic has contributed to ROI in many investments, hence, shareholders have been careful to spend big money in many sectors.

By Instrument, the Process Automation and Instrumentation Market are sub divided into, Field Instruments, Control Valve and Process Analyzers. Among this field instruments dominated the Process Automation and Instrumentation Market. The field instruments help to manage plant assets, improve plant safety, and improve overall production processes through data acquisition, control, and measurement. It is necessary to obtain important information about major parameters, including temperature, pressure, and level, to monitor and control processes quickly, efficiently, safely, and accurately, and to achieve high productivity. These tools play an important role in measuring and controlling process parameters in process Industry. Regular production of products developed to automate industrial processes automatically and balancing and controlling the various process parameters is expected to further the process automation and instrumentation market.

COMPETITIVE LANDSCAPE:

The key players in the Process Automation and Instrumentation Market are ABB, General Electric Company, Mitsubishi Electric Corporation, Simens AG, Metso Corporation, Emerson Electric, Schneider Electric, Rockwell Automation, Yokogawa Electric Corporation, Schnieder Electric and Other.

MARKET SEGMENTATION:

BY INSTRUMENT

  • Field Instruments

  • Control Valve

  • Process Analyzers

BY SOLUTION

  • PLC

  • SCADA

  • APC

  • MES

  • DCS

  • HMI

  • Functional Safety

BY INDUSTRY

  • Oil & Gas

  • Pulp & Paper

  • Metals & Mining

  • Energy & Power

  • Chemicals

  • Pharmaceuticals

  • Food & Beverages

  • Water & Wastewater Treatment

  • Others

Process Automation and Instrumentation Market 2022

REGIONAL ANALYSIS:

By region, the industry is analyzed by regions in North America, Europe, Asia Pacific, and others. In the above regions, it is estimated that North America will occupy a much higher market share due to higher technological advances, mature industries, and increased government investment in certain areas such as petrochemicals. The Asia Pacific region will be the second largest contributor to the growth of the process automation and instrument markets. As many countries are oil refineries that will require flexible and efficient processes. European countries witnessing to strict environmental and industrial laws that will help advance the process of automation and metal growth. The whole world will also witness the same growth rate due to various factors such as efficiency.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Process Automation And Instrumentation Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 62.9 Billion
Market Size by 2028 US$ 92.2 Billion
CAGR CAGR of 5.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Instrument (Field Instruments, Control Valve, Process Analyzers)
• By Solution (PLC, SCADA, APC, MES, DCS, HMI, Functional Safety)
• By Industry (Oil & Gas, Pulp & Paper, Metals & Mining, Energy & Power, Chemicals, Pharmaceuticals, Food & Beverages, Water & Wastewater Treatment, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles ABB, General Electric Company, Mitsubishi Electric Corporation, Simens AG, Metso Corporation, Emerson Electric, Schneider Electric, Rockwell Automation, Yokogawa Electric Corporation, Schnieder Electric and Other.
Key Drivers • Increasing manufacturing firms on achieving cost saving and better efficiency.
Restraints • Huge execution and maintenance cost.
• High investments required for development of devise and solutions.


Frequently Asked Questions (FAQ) :

The market value will be expected to reach USD 92.2 billion by 2028, and grow at a CAGR of 5.6% over the forecast period 2022-2028.

Huge execution and maintenance cost and High investments required for development of devise and solutions are the factors limiting the Process Automation and Instrumentation Market's expansion.

The COVID-19 epidemic has reduced various opportunities in the process automation and instrumentation industry. The epidemic has created a supply chain disruption that has had a profound effect on demand, production, and investment in the industry.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Content 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Process Automation and Instrumentation Market Segmentation, by instrument

8.1Introduction

8.2 Field Instruments

8.3 Control Valve

8.4 Process Analyzers

 

9. Process Automation and Instrumentation Market Segmentation, by solution

9.1 Introduction

9.2 PLC

9.3 SCADA

9.4 APC

9.5 MES

9.6 DCS

9.7 HMI

9.8 Functional Safety

 

10. Process Automation and Instrumentation Market Segmentation, by Industry

10.1 Introduction

10.2 Oil & Gas

10.3 Pulp & Paper

10.4 Metals & Mining

10.5 Energy & Power

10.6 Chemicals

10.7 Pharmaceuticals

10.8 Food & Beverages

10.9 Water & Wastewater Treatment

10.10 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12 Company Profiles

12.1 General Electric Company

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 ABB

12.3 Mitsubishi Electric Corporation

12.4 Simens AG

12.5 Metso Corporation

12.6 Emerson Electric

12.7 Schneider Electric

12.8 Rockwell Automation

12.9 Yokogawa Electric Corporation

12.10 Schnieder Electric

12.11 Other

 

13 Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14 Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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