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Key Factor Supporting Global Process Automation and Instrumentation Market Development in 2025: Manufacturing Firms Drive Growth In The Process Automation And Instrumentation Market
Process Automation and Instrumentation Market
How Large Will the Process Automation and Instrumentation Market Size By 2025?
In recent times, the market size of the process automation and instrumentation sector has seen significant growth. It is projected to expand from $73.74 billion in 2024 to $77.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this growth during the historic period include a rise in demand for operational efficiency, compliance with regulatory requirements, an uptick in the complexity of industrial processes, a heightened focus on safety and risk reduction, as well as initiatives aimed at energy efficiency.
How Big Is the Process Automation and Instrumentation Market Size Expected to Grow by 2029?
The market size of process automation and instrumentation is anticipated to witness robust expansion in the imminent years. By 2029, the market is predicted to reach $107.19 billion, registering a compound annual growth rate (CAGR) of 8.4%. This growth during the projected period can be credited to factors like predictive maintenance tactics, shifting regulatory environment, modular and scalable automation, and flexible and hybrid manufacturing. Some of the major trends forecasted for this period encompass digital twins used for process optimization, cyber defense measures for industrial networks, cloud-driven process automation solutions, wireless instrumentation and communication, predictive support and condition monitoring, and the adoption of automation across industries.
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Which Key Market Drivers Powering Process Automation and Instrumentation Market Expansion and Growth?
The heightened attention of manufacturing companies on cost-effectiveness and higher efficiency substantially aids the expansion of the process automation and instrumentation market. Enhanced productivity and reduction in mistakes facilitate the growth of the process automation and instrumentation market. As per Gesrepair's article, firms worldwide are channeling investments into cutting-edge manufacturing technology to enhance their manufacturing process. Consequently, the intensified focus of manufacturing firms on cost savings and superior efficiency propels the advancement of the process automation and instrumentation market.
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Which Fast-Growing Trends Are Poised to Disrupt the Process Automation and Instrumentation Market?
Prominent firms in the process automation and instrumentation market are developing advanced items like intelligent instruments to boost precision, augment operational efficiency, facilitate real-time data surveillance, and simplify industrial procedures in numerous sectors. Intelligent instruments are high-tech gadgets fitted with sensors, microprocessors, and communication features that allow them to carry out automated tasks, process data, and maintain real-time interaction with other systems. For example, in April 2024, Andritz AG, a machinery industry firm based in Austria, rolled out the Smart Series. The Smart Series is a collection of intelligent tools crafted to improve process effectiveness and ecological sustainability for pulp and paper manufacturers, offering a comprehensive suite of advanced measurement and monitoring solutions. This includes a variety of tools such as emission and gas analyzers, machine vision systems, and condition monitoring solutions.
What Are the Emerging Segments in the Process Automation and Instrumentation Market?
The process automation and instrumentationmarket 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Process Automation and Instrumentation Industry?
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
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