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2025 Industrial Control For Process Automation Industry Trends Report: Long-Term Outlook Through 2034
Industrial Control For Process Automation
How Large Will the Industrial Control For Process Automation Market Size By 2025?
The market size for industrial control in process automation has been expanding swiftly over the recent years. The sector, worth $37.93 billion in 2024, is projected to rise to $41.78 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.2%. This upward trend during the historical period can be traced back to heightened demands for operational efficiency, intricate industrial processes, necessity for real-time supervision, amplified emphasis on safety, and rising labor costs.
How Big Is the Industrial Control For Process Automation Market Size Expected to Grow by 2029?
The market size of industrial control for process automation is forecasted to experience a significant rise in the coming years. This market will expand to a total worth of $61.3 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 10.1%. Factors attributing to this growth during the prediction span include accelerated usage of the Internet of Things, increased requirement for edge computing, a heightened emphasis on cybersecurity efforts, a rising focus on digital twins, and an expanding demand for autonomous systems. Notable trends during this forecast period will be automation, wearables, incorporation of AI, technological progress, cybersecurity, and the uptake of edge computing.
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Which Key Market Drivers Powering Industrial Control For Process Automation Market Expansion and Growth?
The growth of industrial control in the process automation market is likely to be fueled by the escalating uptake of cloud-based services. Rather than being hosted on personal devices or local servers, these solutions are hosted and provided via the internet. The migration towards cloud-based options is due to their scalability, affordability, and enhanced security. Leveraging cloud-based solutions in industrial control for process automation brings many advantages including, scalability, cost efficiency, the ability for remote access, sophisticated analytics, compatibility with IoT technologies, and robust security and compliance. For example, in December 2023, Eurostat, a Luxembourg-based governmental organization of the European Union operating as the statistical office, revealed that in 2023, there was a growth in the use of cloud computing services among small and medium-sized enterprises to 59%, rising from 53% in 2021. Consequently, the escalating adoption of cloud-based services is propelling the growth of the industrial control for the process automation market.
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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Control For Process Automation Market?
Key players in the industrial control for process automation market are steering their efforts towards the creation of automation software solutions such as software-focused industrial automation systems. These initiatives aim to enhance the remote observation and regulation of industrial procedures. The critical role of software in controlling and directing industrial processes is highlighted in a software-focused industrial automation system, utilizing advanced platforms for data scrutiny, real-time tracking, and decision-making tasks. For example, Schneider Electric, an automation firm based in France, unveiled the EcoStruxure Automation Expert in December 2022. This software-focused industrial automation system offers a unique model for the development, creation, operation, and maintenance of industrial automation systems by separating automation software from hardware. It incorporates a comprehensive array of features intended to improve industrial automation processes like enlarged libraries to cater to segment functions and energy management devices, thereby improving operational efficiency. The tool for the build time presents an elevated user experience, streamlining workflows. The system also guarantees solid defense against cyber-attacks, featuring robust inherent cybersecurity safeguards.
What Are the Emerging Segments 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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Who Are the Global Leaders in the Industrial Control For Process Automation Market?
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.
Which are the Top Profitable Regional Markets for the Industrial Control For Process Automation Industry?
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.
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