Process Automation Market 2023 Driving Factors Forecast Research 2029

The global process automation market is estimated to grow at a CAGR of nearly 7.5% during the forecast period. The major players contributing to the market growth include rising industrialization and emerging demand for robotic process automation. Growing industrialization has been witnessed in emerging countries owing to the government initiatives to promote the manufacturing sector. In May 2015, the Chinese government introduced Made in China (MIC) 2025 initiative which comprises a range of state-backed programs that aims to accelerate productivity, modernize the Chinese economy, and make innovations in industrial processes. The MIC 2025 plan signifies that the country's manufacturing sector is large, however, it lacks in quality of industrial infrastructure, innovation capacity, degree of digitalization, and the effectiveness of resource utilization.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Process Automation Market- Segmentation
By Technology
• Supervisory Control and Data Acquisition (SCADA)
• Human Machine Interface (HMI)
• Distributed Control System (DCS)
• Programmable Logic Controller (PLC)
• Enterprise Resource Planning (ERP)
• Others

By Component
• Hardware
• Software and Services

By End-User Industry
• Oil and Gas
• Electrical and Electronics
• Chemical
• Retail
• Food and Beverage
• Pharmaceutical and Life Science
• Manufacturing (Metal and Paper and Pulp)
• Automobile
• Others

Global Process Automation Market- Segment by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa

The Report Covers
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global process automation market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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