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2025-2034 Process Control Automation Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Process Control Automation
What Will the Process Control Automation Industry Market Size Be by 2025?
In the past few years, the size of the process control automation market has seen consistent growth. It is expected to increase from $62.71 billion in 2024 to $65.39 billion in 2025, with a compound annual growth rate (CAGR) of 4.3%. Factors such as the industry 4.0 revolution in manufacturing, the growing need for faster process optimization, the increasing number of people entering middle and upper classes, the reduction in operating costs due to the introduction of IoT and the implementation of new rules and regulations can be attributed to the growth during the historical period.
What's the Long-Term Growth Forecast for the Process Control Automation Market Size Through 2029?
Forecasted to witness consistent expansion in the upcoming years, the process control automation industry is projected to escalate to a market size of $76.83 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 4.1%. The growth within the predictive period can be ascribed to factors like burgeoning manufacturing domains, mounting demand for industrial automation, rising requirement for machinery, growing governmental initiatives, and the surging application of remote operations. Looking forward to the forecasted span, dominant trends would encompass technological progression, implementation of sophisticated software, the evolution of process automation corporations, product novelty, and adoption of automation techniques.
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What Are the Key Growth Drivers Fueling the Process Control Automation Market Expansion?
The surge in the manufacturing industry is projected to stimulate the process control automation market's advancements. The sector associated with the economy that produces goods through various techniques, such as assembly, fabrication, chemical processing, or machining, is referred to as the manufacturing sector. This sector's growth can be attributed to economic development, government strategies and incentives, consumer needs and choices, and the robustness of the supply chain. In manufacturing, process control automation is invaluable for boosting efficiency, quality, flexibility, safety, productivity, and cost-effectiveness. It assists manufacturers in maintaining a competitive edge in a challenging and evolving business landscape. For example, a report from the National Association of Manufacturers (NAM), a manufacturer association based in the US, stated in August 2023 that the yearly growth of value-added production in manufacturing increased from $2.905 trillion in the initial quarter to $2.895 trillion in the final quarter of 2023. In the first quarter, manufacturing constituted 10.9% of the value-added output in the US economy. As such, the expansion of the manufacturing sector is fueling the progress of the process control automation market.
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What Are the Key Trends Driving Process Control Automation Market Growth?
Leading firms involved in the process control automation market like Schneider Electric are innovating and introducing new advanced software-focused industrial automation systems such as the EcoStruxure Automation Expert. This software serves customers more efficiently through its control and management of different dimensions of industrial processes and machinery. Conventionally, these tasks were performed manually or through mechanical systems, but EcoStruxure has automated and optimized them. For example, in December 2022, Schneider Electric, which is a digital automation corporation based in France, initiated the EcoStruxure Automation Expert. The system comes with unique features which bring enhanced automation abilities and operational adaptability to consumer-packaged goods, logistics, water, and wastewater operations. These features cover a diverse range of expanded libraries for segment functions, energy management devices, enhanced cybersecurity features, and support for multiple engineering input formats like DEXPI and Excel. Besides, this software tool is available in several languages such as Chinese, English, French, German, Italian, Portuguese, and Spanish, along with in-depth documentation.
How Is the Process Control Automation Market Segmented?
The process control automationmarket 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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