Process Automation And Instrumentation Market

Process Automation and Instrumentation Market: North America to Dominate the Global Market Throughout the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

  • 2017-09-27
  • REP-GB-5075
  • 427 pages
  • PDF PPT EXCEL
Process Automation And Instrumentation Market

An Incisive, In-depth Analysis on the Process Automation And Instrumentation Market

This study offers a comprehensive, 360 degree analysis on the Process Automation And Instrumentation market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Process Automation And Instrumentation market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Semiconductor Manufacturer and Software Vendors are Playing Key Role in the Growth of Process Automation and Instrumentation Market

Process automation involves using software, hardware, and computing technology to allow end-use industries such as cement, oil & gas, chemical, paper, and others to operate more safely and efficiently. The information is stored and analysed on a computer with the help of sensors, which collect data on flows, pressures, and temperatures, among other devices. Collaboration among semiconductor component manufactures, industrial software developer, and industrial automation equipment manufacturers is essential for the growth of overall process automation and instrumentation market.

Global Process Automation and Instrumentation Market

The Transmitter Sub-segment is expected to Witness Significant Growth in Global Process Automation and Instrumentation Market

In this report, FMI has segmented the global process automation and instrumentation market on the basis of instrument type, solution, application, and region. By instrument type, the process automation and instrumentation market is sub-segmented into transmitters, flow meters, analysers, controllers, recorders, switches, and vacuum instruments. The transmitters sub-segment is expected to witness significant growth in the global process automation and instrumentation market owing to increasing proliferation of transmitters in process manufacturing. In addition, the global adoption of the internet-based technologies by several industry verticals is also expected to surge the growth of the process automation and instrumentation market. However, the growth of the controllers sub-segment is attributed to the growth of process controller equipment across the globe in the process automation and instrumentation market. It has been observed that the demand for switches and recorders is increasing rapidly. Most of the companies are adopting new technologies in floor operations, thus the analysers sub-segment is projected to register a high growth in the global process automation and instrumentation market during the forecast period.

On the basis of solutions, the global process automation and instrumentation market is sub-segmented into PLC, SCADA, DCS, HMI, APC, MES, and safety automation. The PLC sub-segment is estimated to dominate the overall process automation and instrumentation market, owing to increasing deployment of various enterprise solutions. PLCs are used to lower power consumption, handle complicated logic operations and offer better reliability, since they have no moving parts.

Pharmaceutical and Power Industries are expected to create Potential Growth Opportunities for Process Automation and Instrumentation Vendors

Based on manufacturing vertical, the process automation and instrumentation market is sub-segmented into chemical, metal & mining, food & beverage, oil & gas, pharmaceutical, pulp & paper, wastewater treatment, power, and others. Due to increasing digitization of the chemical industry in North America and Europe, the chemical sub-segment is expected to register a high CAGR of 5.9% in the global process automation and instrumentation market during the forecast period. In the upcoming years, the pharmaceutical and power industries are expected to witness deployment of advanced technologies. With these advancements, the pharmaceutical sub-segment is projected to create potential growth in the process automation and instrumentation market. In the recent past, it has been observed that established companies as well as growing companies have started investing on information technologies and companies from various sectors. These factors are expected to boost the growth of the global process automation and instrumentation market in the near future.

Middle East & Africa region has Immense Potential for Process Automation and Instrumentation Market Vendor

Furthermore, on the basis of geography, North America is expected to dominate the global process automation and instrumentation market due to advancements in next-generation technologies in the U.S. and Canada. The provision of IoT platform capabilities is expected to propel the process automation and instrumentation market in North America. Moreover, the region has witnessed a widespread deployment of IoT and communication technologies in the past couple of years. These factors are expected to fuel the growth of the process automation and instrumentation market in North America. The APEJ process automation and instrumentation market is expected to be among target markets for the participants operating in the process automation and instrumentation market. Latin America is estimated to grow at a moderate CAGR over the forecast period in the global process automation and instrumentation market. Due to massive growth of connected devices, the MEA is projected to witness noteworthy growth in the global process automation and instrumentation market.

In global process automation and instrumentation market vendors are building strong engineering capabilities in order to bring new and innovation products into the market, so that they can maintain their technological leadership in process automation and instrumentation market. Moreover, in Middle East & Africa region vendors of process automation and instrumentation are expanding their footprints, in order to leverage the advantage of untapped opportunity in the process automation and instrumentation market. 

According to FMI’s analysis, long-term contracts with business partners are likely to increase the revenue and new innovation strategies are estimated to enable process automation and instrumentation vendors to reach new growth markets. Examples of some of the key players operating in the global process automation and instrumentation market include ABB Limited, Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG, Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., and Pepperl+Fuchs GmbH.

Key Developments done by Vendors of Process Automation and Instrumentation Market

  • In April 2017, Endress+Hauser innovated its process automation solutions by opting digital future. The third generation of the Proline series of flowmeters is "Industry 4.0 ready“, which has integration of W-LAN connectivity and device data, and its comprehensive process offer wide options for process optimization. Also, the new devices prevent loss of data and enable easy exchange of components without the need for reconfiguration.

  • In 2017, Emerson Electric launched the Rosemount 2140, the first wired HART vibrating fork level detector; Paine 328-12-0010, pressure and temperature data logger; and digital transmitter and terminal Manager, the next-generation software for managing all terminal operational and commercial activity.

  • In October 2015, the ABB Limited launched an automated fast charging system which can remove one of the main barriers to increased urban electric bus adoption. Also, during the same period, ABB and Microsoft announced the worldwide availability of a new electric vehicle (EV) fast charging services platform.

Report Synopsis

Future Market Insights (FMI) offers a 10-year forecast of the process automation and instrumentation market between 2017 and 2027. In terms of value, the process automation and instrumentation market is expected to register a single digit CAGR during the forecast period. This study demonstrates the global dynamics of process automation and instrumentation market and trends across seven regions, namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA, which influence the current nature and future status of the process automation and instrumentation market over the forecast period.

Report Description

This research report provides a detailed analysis of the process automation and instrumentation market and offers insights on the various factors driving the popularity of process automation and instrumentation market. The report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The process automation and instrumentation market report segregates the market based on technology, application and different regions globally.

The process automation and instrumentation market is expected to witness steady value growth during the forecast period owing to an increase in the demand for Industrial Internet of Things (IIoT) and data-driven technologies by various industry verticals.

The report starts with an overview of the process automation and instrumentation market in terms of value. In addition, this section includes an analysis of key trends, drivers and challenges from the supply, demand and economy side, which are influencing the process automation and instrumentation market.

The process automation and instrumentation market is classified on the basis of instrument type, solutions, application, and region. By instrument type, the process automation and instrumentation market is sub-segmented into transmitters, flow meters, analysers, controllers, switches, recorders, switches, and vacuum instruments. By solutions, the global process automation and instrumentation market is segmented in to PLC, SCADA, DCS, HMI, APC, MES, and safety automation. Furthermore, by application, the global process automation and instrumentation market is segmented into chemical, metal & mining, food & beverage, oil & gas, pharmaceutical, pulp & paper, wastewater treatment, power, and others. The chemical sub-segment accounted for a relatively higher share owing to an increase in the demand due to technological advancements in the chemical industry worldwide.

A detailed analysis has been provided for every segment in terms of market size analysis for the process automation and instrumentation market across different regions. This section provides a detailed analysis covering the key trends.

The next section contains a detailed analysis of the process automation and instrumentation market across various countries in the region. It provides a market outlook for 2017–2027 and sets the forecast within the context of the process automation and instrumentation market, which includes latest technological developments as well as offerings in the market. This study discusses the key trends within countries contributing to growth of the process automation and instrumentation market as well as analyses the degrees at which drivers are influencing the process automation and instrumentation market in each region. The key regions and countries assessed in this report include North America (U.S., Canada), Latin America (Brazil, Mexico & Rest of Latin America), Western Europe (UK, France, Germany, Spain, BENELUX, and Rest of Western Europe), Eastern Europe (Russia, Poland & Rest of Eastern Europe), APEJ (India, China, ASEAN, and Rest of APEJ), Japan, and MEA (GCC Countries, Turkey, South Africa, and Rest of MEA). This report evaluates the present scenario and the growth prospects of the process automation and instrumentation market across various regions globally for the period 2017 –2027. We have considered 2016 as the base year and provided data for the remaining 12 months.

To offer an accurate forecast, we started by sizing the current process automation and instrumentation market, which forms the basis of how the process automation and instrumentation market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global process automation and instrumentation market is split into a number of segments. All the segments in terms of instrument type, solution, application, and different regions are analysed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed information is important for the identification of various key trends in the global process automation and instrumentation market.

In addition, another key feature of this process automation and instrumentation market report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global process automation and instrumentation market.

In the final section of the process automation and instrumentation market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the process automation and instrumentation market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the process automation and instrumentation supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the process automation and instrumentation market. Examples of some of the key competitors of the process automation and instrumentation market are ABB Limited, Emerson Electric Company, Mitsubishi Electric Company, Rockwell Automation Inc., Siemens AG, Schneider Electric SE, Yokogawa Electric Corporation, Honeywell International Inc., and Pepperl+Fuchs GmbH.

Key Segments

  • By Instrument Type
    • Transmitters
    • Flow meters
    • Analysers
    • Controllers
    • Switches
    • Recorders
    • Switches
    • Vacuum instruments
  • By Solution
    • PLC
    • SCADA
    • DCS
    • HMI
    • APC
    • MES
    • Safety Automation
  • By Application
    • Chemical
    • Metal & mining
    • Food & beverage
    • Oil & gas
    • Pharmaceutical
    • Pulp & paper
    • Wastewater treatment
    • Power
    • Safety Automation

Key Regions covered:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Benelux
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • SEA & Others of APAC
    • India
    • China
    • ASEAN
    • Rest of APAC
  • Japan
  • MEA
    • GCC Countries
    • Turkey
    • South Africa
    • Rest of MEA

Key Companies

  • ABB Limited
  • Emerson Electric Company
  • Mitsubishi Electric Company
  • Rockwell Automation Inc.
  • Siemens AG
  • Schneider Electric SE
  • Yokogawa Electric Corporation
  • Honeywell International Inc.
  • Pepperl+Fuchs GmbH

Process Automation And Instrumentation Market Reports - Table of Contents

Get in touch

Harish Tiwari

Harish Tiwari

Global Head - Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

* indicates mandatory fields.

Our Clients


CASE STUDIES

See how our work makes an impact.

At FMI, we design strategies that are adaptive, impactful, and implementable.

Request Sample Ask An Analyst Request Special Price Request Methodology