Process Automation and Instrumentation Market Size

The global Process Automation and Instrumentation market size was valued at $73.13 billion in 2024 and is projected to reach $102.56 billion by 2030, growing at a CAGR of 5.8% during the forecast period.

Process Automation and Instrumentation Market Overview

Process automation and instrumentation refer to the use of technology and equipment to control and monitor industrial processes and systems, ensuring efficiency, accuracy, and safety in various industries, including manufacturing, chemical processing, oil and gas, and more. Process automation and instrumentation work simultaneously to improve the overall performance, safety, and efficiency of industrial and manufacturing processes. They enable industries to meet regulatory requirements, optimize resource utilization, and enhance product quality while reducing the potential for human error.

Process Automation and Instrumentation Market Dynamics

• The process automation and instrumentation market is expected to witness significant growth in the future due to the rising need for efficient utilization of resources, the growing trend of connected enterprises in process industries, and the increasing utilization of IIOT across industries.

• Additionally, the growing importance of cost optimization and increasing use of digital technologies are the prominent factors driving the growth of the process automation and instrumentation market demand.

• However, the high implementation and maintenance costs and shortage of skilled personnel are restraining the market growth.

• On the contrary, the rising emphasis on industrial automation and the shift in the production process from conventional to digital are creating opportunities for market growth.

Impact of COVID-19 on the Process Automation and Instrumentation Market

The COVID-19 pandemic disrupted global supply chains, leading to delays in the manufacturing and distribution of automation and instrumentation components. This affected project timelines and product availability. The pandemic prompted businesses to reevaluate their operations and prioritize efficiency and cost reduction. As a result, there was a greater focus on process automation and instrumentation solutions to optimize operations. In addition, the pandemic accelerated pre-existing trends, such as the adoption of Industry 4.0, Industrial Internet of Things (IIoT), and digitalization in industries. These trends had a direct impact on the automation and instrumentation market.

By Instrument, the Field Instruments Segment is projected to be the Largest Segment in the Process Automation and Instrumentation Market

The field instruments segment is projected to be the largest segment in the Process Automation and Instrumentation market during the forecast period. Field instruments are essential for ensuring plant safety, managing assets, and optimizing production processes by collecting data and providing control and measurements. These instruments play a critical role in monitoring and regulating process parameters in various industries. Obtaining accurate information on key variables like pressure, temperature, and level is vital for effective, secure, and precise process control, ultimately leading to enhanced productivity. The continuous introduction of advanced products for process automation and the measurement and control of various parameters is expected to drive the market for field instruments in process automation and instrumentation.

By Geography, Asia Pacific Region Holds the Dominant Position in the Market Revenue

Asia Pacific region holds the dominant position in the market revenue due to the increasing needs of the oil & gas and food & beverages sectors, driven by the region's growing population. Moreover, there is a notable uptick in investments in clean energy infrastructure across Asia Pacific, driven by the increasing electricity demands and the desire to reduce reliance on fossil fuels for power generation. Furthermore, the pharmaceutical industry's process automation and instrumentation market in this region is expected to exhibit the highest compound annual growth rate (CAGR) during the forecast period, influenced by evolving regulatory requirements. The adoption of process automation and instrumentation solutions in the pharmaceutical sector is driven by their advantages, including enhanced reliability, flexibility, and improved speed and accuracy.

Key Target Audience:

• Distributors and Reseller

• Research and Development Organizations

• Trade Associations

• Regulatory Authorities

• IoT and Connectivity Providers

• End-User Industry Associations

• Telecommunications Providers

List of the Key Players Profiled in the Report Includes: 

• Honeywell International Inc

• Siemens

• General Electric Company

• ABB Ltd

• Emerson Electric Co

• Schneider Electric

• Mitsubishi Electric Corporation

• Robert Bosch GmbH

• Yokogawa Electric Corporation

• Beckhoff Automation

• Carlo Gavazzi Holding AG

• Danaher Corporation

• Delta Electronics, Inc

• Hollysys Automation Technologies Ltd

• Metso Corporation

Recent Developments:

• In April 2023, Siemens launched Industrial Operations X, an open and interoperable portfolio designed for the automation and management of industrial production processes. This innovative portfolio is an integral part of Siemens Xcelerator, the open digital business platform that encompasses a wide range of software and connected hardware solutions, an extensive partner ecosystem, and an online marketplace.

• In June 2022, Honeywell introduced Release 520.2 (R520.2) of its Experion?(R) Process Knowledge System (PKS), featuring enhanced process automation capabilities for a wide range of industrial users. At the core of R520.2 is the Experion PKS Control Highly Integrated Virtual Environment (Control HIVE) functionality, which allows users to seamlessly integrate individual controllers and utilize them as a cluster of shared computing resources. This innovation, combined with the capacity to optimize control system resources and input/output modules, results in a significant reduction in the complexity and capital expenses associated with automation projects and control systems.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Instrument:

• Field Instruments

• Flow Meters

• Analytical Instruments

• Control Valve

• Communication Hardware

• Process Analyzers   

Market by, Solution:

• Advanced Process Control (APC)

• Distributed Control System (DCS)

• Human-Machine Interface (HMI)

• Manufacturing Execution System (MES)

• Programmable Logic Controller (PLC)

• Safety Automation

• Supervisory Control And Data Acquisition (SCADA) 

Market by, End User:

• Chemicals

• Energy & Power

• Food & Beverages

• Metals & Mining

• Oil & Gas

• Pharmaceuticals

• Pulp & Paper

• Water & Wastewater Treatment

• Other End Users

Market by, Geography:

The process automation and instrumentation market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis

• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario

• Identify growth opportunities

• Porter's five force analysis

• In-depth analysis of market segments, and regions/countries predicted to observe promising growth

• Historical and forecast size of the market in terms of revenue (USD Million)

• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted