Industrial Control For Process Automation Market Set to Reach $61.3 Billion by 2029 with 10.1% Yearly Growth

"What Is the Estimated Market Size and Growth Rate for the Industrial Control For Process Automation Market?
The market size for industrial control for process automation has seen a swift expansion in the past few years. The market is set to rise from $37.93 billion in 2024 up to $41.78 billion in 2025, marking a 10.2% compound annual growth rate (CAGR). This historic period growth is driven by multiple factors including the demand for improved operational efficiency, the intricacy of industrial procedures, the requirement for real-time monitoring, and the escalating emphasis on safety and labor costs.

In the coming years, the market size for industrial control for process automation is predicted to experience swift growth. The market is forecasted to expand to a size of $61.3 billion by 2029, at a compound annual growth rate (CAGR) of 10.1%. The expansion during the forecast period can be linked to the increasing usage of the Internet of Things, growing demand for edge computing, escalated focus on cybersecurity measures, the rising significance of digital twins, and the burgeoning requirement for autonomous systems. Key trends predicted in the forecast period consist of automation, wearables, AI integration, technological progress, cybersecurity, and the implementation of edge computing.

What Factors Are Propelling the Expansion of the Industrial Control For Process Automation Market?
The growth of industrial control in the process automation sector is predicted to be driven by the rising implementation of cloud-based solutions. These solutions, which are hosted and provided over the Internet as opposed to being located on local servers or personal devices, have gained popularity due to their scalability, cost-effectiveness, and security. When incorporated into industrial control for process automation, cloud-based solutions deliver a slew of advantages, such as scalability, cost savings, remote access, sophisticated analytics, IoT technologies integration, and heightened security and compliance. For instance, Eurostat, the European Union's statistical office situated in Luxembourg, disclosed in December 2023 that the uptake of cloud computing among small and mid-sized companies climbed to 59% in 2023, rising from 53% in 2021. As a result, the surging implementation of cloud-based solutions is catalyzing the expansion of the process automation market for industrial control.

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Who Are the Dominant Companies Influencing Industrial Control For Process Automation Market Trends?
Major companies operating in the industrial control for process automation market are Siemens AG, General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Danaher Corporation, Johnson Controls International plc, Emerson Electric Co., Rockwell Automation Inc., Fuji Electric Co. Ltd., Danfoss A/S, Keyence Corporation, Bosch Rexroth AG, Omron Corporation, Fanuc Corporation, Dassault Systemes SE, Endress+Hauser Group, Phoenix Contact GmbH & Co. KG, Rittal GmbH & Co. KG, B&R Industrial Automation GmbH, Pilz GmbH & Co. KG, Aspen Technology Inc., Wago Kontakttechnik GmbH & Co. KG, Yokogawa Electric Corporation.

How Is the Industrial Control For Process Automation Market Evolving?
The process automation industry's major players are putting an emphasis on the creation of automation software solutions such as industrial automation systems that are software-focused, enabling them to remotely control and manage industrial processes. These types of systems underscore the crucial role of software in supervising and handling industrial procedures, leveraging contemporary platforms for data analysis, real-time observation, and decision-making processes. An instance of this trend occurred in December 2022 when the France-based automation firm, Schneider Electric, introduced its EcoStruxure Automation Expert. This software-centric industrial automation system provides a unique approach to the development, construction, operation, and maintenance of industrial automation systems by separating automation software from the hardware. This system offers a broad array of features designed to improve industrial automation processes, including extended libraries servicing segment functions and energy management devices, thereby improving operational efficiency. Its tool for building provides a better user experience and facilitates more fluent workflows. Additionally, its strong cybersecurity measures offer superior protection against potential cyber threats.

What Are the Different Segmentations in the Industrial Control For Process Automation Market?
The industrial control for process automation market covered in this report is segmented -

1) By System: Supervisory Control And Data Acquisition System, Distributed Control System, Programmable Logic Controller, Machine Execution System, Product Lifecycle Management, Enterprise Resource Planning, Human Machine Interface, Other Systems
2) Mode Of Automation: Semi-Automation, Fully-Automation
3) By Applications: Chemical And Petrochemical, Metals And Mining, Pulp And Paper, Water And Wastewater, Food And Beverage, Power, Oil And Gas, Other Applications

Subsegments:
1) By Supervisory Control And Data Acquisition System: SCADA Software, SCADA Hardware (Remote Terminal Units, Communication Infrastructure)
2) By Distributed Control System (DCS): Process Controllers, Field Devices (Sensors, Actuators), Control Panels And Networking Devices
3) By Programmable Logic Controller (PLC): Modular PLCs, Compact PLCs, Nano PLCs
4) By Machine Execution System (MES): Manufacturing Execution Software, Integration With Production Lines, Real-Time Monitoring And Data Collection
5) By Product Lifecycle Management (PLM): PLM Software, Product Design And Development, Manufacturing Process Integration
6) By Enterprise Resource Planning (ERP): ERP Software For Manufacturing, Inventory And Supply Chain Management, Financial And Human Resources Integration
7) By Human Machine Interface (HMI): Touchscreen HMIs, Panel PCs And Industrial PCs, HMI Software For Visualization And Control
8) By Other Systems: Advanced Process Control (APC), Condition Monitoring Systems, Asset Management Systems, Safety Instrumented Systems (SIS)

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Which Region Is at the Forefront of the Industrial Control For Process Automation Market?
Asia-Pacific was the largest region in the industrial control for process automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial control for process automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Industrial Control For Process Automation Global Market Report?

- Market Size Analysis: Analyze the Industrial Control For Process Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Control For Process Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Control For Process Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Control For Process Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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