Global Process Control Automation Market Projected to Grow at 5.1% CAGR, Reaching $80.71 Billion by 2029

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What Will the Process Control Automation Industry Market Size Be by 2025?
In recent times, the process control automation market has seen substantial growth. The market size is projected to rise from $62.71 billion in 2024 to $66.14 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this growth during the historic period include the industry 4.0 revolution in manufacturing, the escalating demand for faster process optimization, a growing demographic shifting into the middle and upper classes, reduced operating costs due to IoT introduction, and the enforcement of new policies and regulations.

What's the Long-Term Growth Forecast for the Process Control Automation Market Size Through 2029?
The market size for process control automation is projected to witness robust expansion in the coming years, increasing to $80.71 billion by 2029 with a compound annual growth rate of 5.1%. The considerable growth predicted in the forecast period is due primarily to the broadening of the manufacturing sector, escalating demand for industry automation, the increased need for machinery, a rising number of governmental initiatives, and a growing preference for remote operations. Key trends anticipated during this forecast period encompass technological progress, implementation of sophisticated software, the proliferation of process automation firms, product innovation, and the embracement of automation technologies.

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What Are the Key Growth Drivers Fueling the Process Control Automation Market Expansion?
The process control automation market's growth is anticipated to surge due to the enlargement of the manufacturing sector. The manufacturing sector, which involves the creation of goods via several procedures such as assembly, machining, fabrication, or chemical handling, is seeing significant growth. This growth is influenced by factors such as economic progress, governmental policies and incentives, consumer needs and choices, and the robustness of the supply chain. In the manufacturing industry, process control automation is key in enhancing cost-effectiveness, productivity, quality, security, and versatility. It provides manufacturers with the ability to stay ahead in the complex and evolving commercial landscape. In a report by the National Association of Manufacturers (NAM), a US-based manufacturer association, in August 2023, the value-added production in the manufacturing field showed yearly growth from $2.905 trillion in the first quarter of 2023 to $2.895 trillion in the last quarter. The manufacturing sector constituted 10.9% of the value-added production in the first quarter of the US economy. As such, the growth in the manufacturing sector is fueling the expansion of the process control automation market.

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What Are the Key Trends Driving Process Control Automation Market Growth?
A range of significant corporations in the process control automation market are honing in on creating superior software-centric industrial automation systems, for instance, the EcoStruxure Automation Expert. This advanced software plays a pivotal role in manipulating and directing diverse elements of industrial processes and machinery. Essentially, it provides an alternative for tasks traditionally undertaken by manual workers or mechanical systems. To illustrate, Schneider Electric, a company specializing in digital automation, based in France, unveiled the EcoStruxure Automation Expert in December 2022. The matchless characteristics of this software provide consumer-packaged goods, logistics, as well as water and wastewater operations with unparalleled automation potential and operational adaptability. Notable features include broadened libraries for segment functions and energy management devices, an upgraded user experience within the build time tool, heightened integrated cybersecurity measures, and adaptability for other engineering input formats like DEXPI and Excel. The software also offers language options in Chinese, English, French, German, Italian, Portuguese, and Spanish, in conjunction with an upgraded documentation.

How Is the Process Control Automation Market Segmented?
The process control automation market covered in this report is segmented -

1) By Instrument Type: Humidity Transmitter, Temperature Transmitter, Pressure Transmitter, Level Transmitter, Control Valves, Analyzers, Communication Hardware, Other Instrument Types
2) By Solution: Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution Systems (MES), Supervisory Control And Data Acquisition (SCADA), Automated Production System (APS), Operator Training Systems (OTS), Safety Automation, Other Solutions
3) By Industry Vertical: Oil And Gas, Chemical, Pharmaceutical, Food And Beverage, Metal And Mining, Power, Pulp And Paper, Water And Wastewater, Other Industry Verticals

Subsegments:
1) By Humidity Transmitter: Capacitive Humidity Transmitters, Resistive Humidity Transmitters, Thermal Conductivity Humidity Transmitters
2) By Temperature Transmitter: RTD (Resistance Temperature Detector) Transmitters, Thermocouple Temperature Transmitters, Infrared Temperature Transmitters, Smart Temperature Transmitters
3) By Pressure Transmitter: Absolute Pressure Transmitters, Differential Pressure Transmitters, Gauge Pressure Transmitters, Multivariable Pressure Transmitters
4) By Level Transmitter: Ultrasonic Level Transmitters, Radar Level Transmitters, Capacitance Level Transmitters, Magnetostrictive Level Transmitters, Differential Pressure Level Transmitters
5) By Control Valves: Globe Control Valves, Ball Control Valves, Butterfly Control Valves, Pressure Relief Control Valves, Motorized Control Valves
6) By Analyzers: Gas Analyzers, pH Or ORP Analyzers, Oxygen Analyzers, Conductivity Analyzers, Turbidity Analyzers
7) By Communication Hardware: Wired Communication Devices, Wireless Communication Devices, Gateway Or Interface Devices, Remote I/O Systems
8) By Other Instrument Types: Flow Meters, Vibration Sensors, Speed Sensors, Strain Gauges, Gas Detectors

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Which Companies Are Leading the Charge in Process Control Automation Market Innovation?
Major companies operating in the process control automation market are Mitsubishi Electric Corporation, Robert Bosch GmbH, Siemens AG, General Electric Company, Schneider Electric SE, Danaher Corporation, ABB Ltd., Eaton Corporation Plc, Kawasaki Heavy Industries Ltd., Emerson Electric Co., Delta Electronics Inc., Honeywell International Inc., Rockwell Automation Inc., Omron Corporation, KUKA AG, Yokogawa Electric Corporation, Endress+Hauser AG, AVEVA Group Plc, Pepperl+Fuchs SE, Invensys Limited, IDEC Corporation, Aspen Technology Inc., Rudolph Technologies Inc., Carlo Gavazzi Holding AG, Inductive Automation LLC, Beckhoff Automation, Hawk Measurement Systems, Maple Systems Inc., AlpHa Measurement Solutions LLC

Which Regions Are Leading the Global Process Control Automation Market in Revenue?
Asia-Pacific was the largest region in the process control automation market in 2024. The regions covered in the process control automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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