Press release
Process Automation and Instrumentation Market Poised for 8.781% % Growth, Set to Hit $7.95 Billion by 2029
Process Automation and Instrumentation Market
The escalation in focus towards achieving cost-effectiveness and elevated efficiency by manufacturing companies is making a substantial contribution to the expansion of the process automation and instrumentation market. The improved productivity and error reduction are aiding in the growing popularity of this market. Gesrepair, in their publication, highlighted that worldwide manufacturing firms are channelling funds into advanced manufacturing technology and astute investments to streamline their production process. Thus, the intensified focus of these firms on cost-saving and heightened efficiency is propelling the growth of the process automation and instrumentation market.
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What is the future CAGR of the process automation and instrumentation market, and how will it impact industry expansion?
Over the last few years, the process automation and instrumentation market has demonstrated substantial growth. The size of this market is projected to increase from $73.74 billion in 2024 to $78.15 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. Factors such as the necessity for operational efficiency, adherence to compliance and regulatory guidelines, heightened intricacy of industrial processes, emphasis on safety and risk reduction, and initiatives for energy efficiency have propelled growth during the historic period.
The market for process automation and instrumentation is projected to observe robust expansion over the upcoming years. By 2029, the market is forecasted to reach $109.44 billion with an 8.8% compound annual growth rate (CAGR). The surge in the predicted period is a reflection of elements such as forecasting maintenance techniques, shifting regulatory spectrum, scalable and modular automation, flexible and hybrid manufacturing. Key trends during the forecast period incorporate digital twins for enhancing process optimization, process automation solutions based on the cloud, cybersecurity precautions for industrial networks, wireless communication and instrumentation, predictive maintenance and condition surveillance, and the cross-sector adoption of automation.
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What are the most significant trends transforming the process automation and instrumentation market today?
Leading firms in the process automation and instrumentation market are bringing forward high-tech products like intelligent instruments to upgrade precision, boost operational effectiveness, provide instantaneous data monitoring, and simplify industrial processes in diverse sectors. These intelligent instruments are state-of-the-art gadgets equipped with sensors, microprocessors, and communication abilities, allowing them to conduct automatic operations, handle data, and coordinate with other systems instantly. For example, in April 2024, the machinery industry organization from Austria, Andritz AG, introduced Smart Series. This series comprises of intelligent instruments meant to augment process efficiency and ecological sustainability for pulp and paper manufacturers by offering an array of innovative measurement and supervising solutions. The Smart Series incorporates an assortment of tools including emission and gas analyzers, machine vision systems, and condition monitoring solutions.
Which key market segments comprise the process automation and instrumentation market and drive its revenue growth?
The process automation and instrumentation market covered in this report is segmented -
1) By Instrument: Field Instrument, Control Valve And Analyzer, Analytical Instrument
2) By Solution: Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control And Data Acquisition (SCADA), Human Machine Interaction (HMI), Functional Safety, Manufacturing Execution System (MES)
3) By Industry: Oil And Gas, Chemicals, Pulp And Paper, Pharmaceuticals, Metals And Mining, Food And Beverages, Energy And Power, Water And Wastewater Treatment
Subsegments:
1) By Field Instrument: Pressure Sensors, Temperature Sensors, Flow Meters, Level Sensors, Position Sensors
2) By Control Valve And Analyzer: Control Valves, Flow Control Valves, Pressure Relief Valves, Analyzers
3) By Analytical Instrument, Spectroscopy Instruments, Chromatography Instruments, PH Meters, Conductivity Meters, Mass Spectrometers
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What regions are at the forefront of process automation and instrumentation market expansion?
North America was the largest region in the process automation and instrumentation market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the process automation and instrumentation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the process automation and instrumentation market?
Major companies operating in the process automation and instrumentation market include ABB Limited, Danaher Corporation, Emerson Electric Company, Endress+Hauser Group Services AG, General Electric Company, Hollysys Automation Technologies Ltd., Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Yokogawa Electric Corporation, Beckhoff Automation, Carlo Gavazzi Holding AG, Delta Electronics Inc., Inductive Automation LLC, Pepperl+Fuchs GmbH, Robert Bosch GmbH, Siemens AG, Eaton Corporation, Metso Corporation, Idec Corporation, Maple Systems Inc., AVEVA Group plc, Aspen Technology Inc., Mettler Toledo - Process Analytics, AlpHa Measurement Solutions, Sparling's technologies, Global Technology Systems, Hawk Measurement Systems, Heat Trace Products, James C. White Company Inc., Precision Digital Corporation, Pulsar Measurement - UK, Seametrics Inc.
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What Is Covered In The Process Automation and Instrumentation Global Market Report?
•Market Size Forecast: Examine the process automation and instrumentation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the process automation and instrumentation market for a structured understanding.
•Key Players Overview: Analyze major players in the process automation and instrumentation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the process automation and instrumentation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the process automation and instrumentation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the process automation and instrumentation market.
•Industry Challenges: Identify potential risks and obstacles affecting the process automation and instrumentation market.
•Competitive Landscape: Review strategic developments in the process automation and instrumentation market, including expansions, agreements, and new product launches.
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