Automation Process Control Market by Component, Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), Industry (Process Industry and Discrete Industry), and Region (North America, Europe, AP) – Global Forecast 2024 – 2029

SKU: GMS-1646

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OVERVIEW

The Automation Process Control Market is currently valued at USD 147.9  billion in 2024 and will be growing at a CAGR of 8.2% over the forecast period to reach an estimated USD 218.8 billion in revenue in 2029. The automation process control market is a dynamic sector at the intersection of technology and industry, driving efficiency and optimization across various sectors. Leveraging sophisticated software, sensors, and hardware solutions, it enables precise monitoring, management, and automation of industrial processes, ranging from manufacturing and energy to transportation and healthcare. This market is propelled by the increasing demand for improved productivity, quality assurance, and cost reduction, as well as the rising adoption of Industrial Internet of Things (IIoT) and Industry 4.0 initiatives. Key players in the automation process control market continually innovate to offer advanced solutions tailored to specific industries, driving further integration of automation into diverse operational workflows worldwide.

The relentless pursuit of efficiency and productivity enhancements across industries fosters the adoption of automation solutions. As businesses strive to optimize processes, reduce operational costs, and enhance output quality, they increasingly turn to automation technologies to streamline operations and maximize resource utilization. Secondly, the proliferation of Industry 4.0 and the Industrial Internet of Things (IIoT) revolutionize industrial ecosystems, enabling seamless connectivity, data exchange, and intelligent decision-making. This interconnectedness facilitates real-time monitoring and control of processes, empowering organizations to achieve unprecedented levels of agility and responsiveness. Additionally, stringent regulatory requirements and sustainability mandates drive the adoption of automation to ensure compliance, minimize environmental impact, and enhance workplace safety. Moreover, the growing complexity of modern industrial processes, coupled with the shortage of skilled labor, underscores the necessity of automation to overcome operational challenges and mitigate risks.

Market Dynamics

Drivers:

The relentless pursuit of efficiency and productivity enhancements across industries fosters the adoption of automation solutions. As businesses strive to optimize processes, reduce operational costs, and enhance output quality, they increasingly turn to automation technologies to streamline operations and maximize resource utilization. Secondly, the proliferation of Industry 4.0 and the Industrial Internet of Things (IIoT) revolutionize industrial ecosystems, enabling seamless connectivity, data exchange, and intelligent decision-making. This interconnectedness facilitates real-time monitoring and control of processes, empowering organizations to achieve unprecedented levels of agility and responsiveness. Additionally, stringent regulatory requirements and sustainability mandates drive the adoption of automation to ensure compliance, minimize environmental impact, and enhance workplace safety. Moreover, the growing complexity of modern industrial processes, coupled with the shortage of skilled labor, underscores the necessity of automation to overcome operational challenges and mitigate risks.

Key Opportunities :

The automation process control market presents a plethora of key opportunities poised to drive its expansion and innovation further. One significant opportunity lies in leveraging artificial intelligence (AI) and machine learning (ML) algorithms to enhance predictive analytics and decision-making capabilities. By harnessing the power of AI-driven insights, organizations can optimize processes, anticipate maintenance needs, and proactively address potential issues, thereby improving overall operational efficiency and reducing downtime. Additionally, the advent of edge computing enables real-time data processing and analysis at the point of generation, unlocking new possibilities for decentralized automation and enhanced responsiveness. Furthermore, the increasing emphasis on digital transformation initiatives creates opportunities for integrating automation solutions with emerging technologies such as cloud computing, augmented reality (AR), and digital twins, enabling seamless collaboration, remote monitoring, and immersive visualization of industrial processes. Moreover, the rising demand for modular and scalable automation solutions presents an opportunity for vendors to develop flexible and customizable offerings that cater to diverse industry requirements, facilitating easier adoption and integration within existing infrastructures.

Restraints :

One such challenge is the high initial investment required for implementing automation solutions, including the cost of hardware, software, integration, and training. This financial barrier may deter smaller enterprises from adopting automation, limiting market expansion within certain sectors. Additionally, concerns surrounding data security and privacy present a formidable restraint, particularly as interconnected systems become increasingly vulnerable to cyber threats and unauthorized access. Compliance with stringent regulatory requirements adds another layer of complexity, requiring organizations to navigate a maze of standards and protocols to ensure legal and ethical operation. Moreover, the rapid pace of technological advancement exacerbates the risk of obsolescence, as organizations must continually upgrade and adapt their automation infrastructure to remain competitive. Lastly, resistance to change and the fear of job displacement among workers pose social and cultural barriers to widespread adoption, necessitating comprehensive change management strategies to mitigate resistance and facilitate smooth transitions.

Regional Information:

In North America, the automation process control market is driven by a robust industrial landscape and a strong emphasis on technological innovation. The region’s mature manufacturing sector, particularly in automotive, aerospace, and electronics, fuels demand for automation solutions aimed at enhancing productivity, quality, and competitiveness. Additionally, stringent regulatory standards and a focus on operational efficiency propel adoption, especially in sectors such as pharmaceuticals and food processing. 

• In Europe, the market benefits from a similar industrial sophistication and a proactive approach to sustainability and energy efficiency. Germany, in particular, stands out as a leader in automation technology, with its renowned engineering prowess and commitment to Industry 4.0 principles. The region’s diverse manufacturing base, spanning automotive, chemical, and machinery industries, drives demand for advanced automation solutions tailored to specific needs. 

• Asia-Pacific, on the other hand, represents a dynamic and rapidly expanding market driven by the burgeoning industrialization and urbanization across countries like China, Japan, and South Korea. Here, automation adoption is propelled by a quest for operational excellence, cost efficiency, and scalability, particularly in sectors like electronics, automotive, and consumer goods manufacturing.

Recent Developments:

In June 2022, Dwyer Instruments introduced the Series 685 differential pressure transmitter targeted for installers and maintenance professionals. They feature a user-configurable response time and can be mounted in any orientation. They do not require any separate calibration devices.

• In April 2022, Yokogawa introduced the OpreX Vortex Flowmeter VY Series. These flowmeters are designed to handle a wider range of temperatures, fluid types, and pressure. They have the ability to perform precise temperature and pressure-compensated calculations by utilizing the data from pressure gauges and readings from a built-in temperature sensor.

Key Market Players:

Siemens AG, ABB Ltd., Emerson Electric Co., Rockwell Automation Inc., Schneider Electric SE, Honeywell International Inc., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, General Electric Company, and Omron Corporation.

Frequently Asked Questions

1) What is the projected market value of the Automation Process Control Market?

– The Automation Process Control Market is expected to reach an estimated value of USD 218.8 billion in revenue by 2029. 

2) What is the estimated CAGR of the Automation Process Control Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 8.2% for the Automation Process Control Market over the 2024 to 2029.

3) Who are the key players in the Automation Process Control Market?

– Siemens AG, ABB Ltd., Emerson Electric Co., Rockwell Automation Inc., Schneider Electric SE, Honeywell International Inc., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, General Electric Company, and Omron Corporation.

4) What are the drivers for the Automation Process Control Market?

– Automation solutions are being adopted by businesses to optimize processes, reduce costs, and improve output quality. Industry 4.0 and IIoT enable real-time monitoring, while regulatory requirements and sustainability mandates drive automation for compliance, environmental impact, and workplace safety. The complexity of modern processes and skilled labor shortages also underscore the necessity of automation.

5) What are the restraints and challenges in the Automation Process Control Market?

– The high initial investment for automation solutions, data security concerns, regulatory compliance, rapid technological advancement, and resistance to change pose significant challenges to adoption. These factors may deter smaller enterprises from adopting automation, limit market expansion, and create a complex environment for compliance. Effective change management strategies are crucial to mitigate these barriers and facilitate smooth transitions.

6) What are the key applications and offerings of the Automation Process Control Market?

– Key applications of automation process control include manufacturing automation for improved efficiency, energy management systems for optimizing resource usage, transportation control systems for enhanced logistics, and healthcare automation for precision and patient safety.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The Automation Process Control Market is currently valued at USD 147.9  billion in 2024 and will be growing at a CAGR of 8.2% over the forecast period to reach an estimated USD 218.8 billion in revenue in 2029. The automation process control market is a dynamic sector at the intersection of technology and industry, driving efficiency and optimization across various sectors. Leveraging sophisticated software, sensors, and hardware solutions, it enables precise monitoring, management, and automation of industrial processes, ranging from manufacturing and energy to transportation and healthcare. This market is propelled by the increasing demand for improved productivity, quality assurance, and cost reduction, as well as the rising adoption of Industrial Internet of Things (IIoT) and Industry 4.0 initiatives. Key players in the automation process control market continually innovate to offer advanced solutions tailored to specific industries, driving further integration of automation into diverse operational workflows worldwide.

The relentless pursuit of efficiency and productivity enhancements across industries fosters the adoption of automation solutions. As businesses strive to optimize processes, reduce operational costs, and enhance output quality, they increasingly turn to automation technologies to streamline operations and maximize resource utilization. Secondly, the proliferation of Industry 4.0 and the Industrial Internet of Things (IIoT) revolutionize industrial ecosystems, enabling seamless connectivity, data exchange, and intelligent decision-making. This interconnectedness facilitates real-time monitoring and control of processes, empowering organizations to achieve unprecedented levels of agility and responsiveness. Additionally, stringent regulatory requirements and sustainability mandates drive the adoption of automation to ensure compliance, minimize environmental impact, and enhance workplace safety. Moreover, the growing complexity of modern industrial processes, coupled with the shortage of skilled labor, underscores the necessity of automation to overcome operational challenges and mitigate risks.

Market Dynamics

Drivers:

The relentless pursuit of efficiency and productivity enhancements across industries fosters the adoption of automation solutions. As businesses strive to optimize processes, reduce operational costs, and enhance output quality, they increasingly turn to automation technologies to streamline operations and maximize resource utilization. Secondly, the proliferation of Industry 4.0 and the Industrial Internet of Things (IIoT) revolutionize industrial ecosystems, enabling seamless connectivity, data exchange, and intelligent decision-making. This interconnectedness facilitates real-time monitoring and control of processes, empowering organizations to achieve unprecedented levels of agility and responsiveness. Additionally, stringent regulatory requirements and sustainability mandates drive the adoption of automation to ensure compliance, minimize environmental impact, and enhance workplace safety. Moreover, the growing complexity of modern industrial processes, coupled with the shortage of skilled labor, underscores the necessity of automation to overcome operational challenges and mitigate risks.

Key Opportunities :

The automation process control market presents a plethora of key opportunities poised to drive its expansion and innovation further. One significant opportunity lies in leveraging artificial intelligence (AI) and machine learning (ML) algorithms to enhance predictive analytics and decision-making capabilities. By harnessing the power of AI-driven insights, organizations can optimize processes, anticipate maintenance needs, and proactively address potential issues, thereby improving overall operational efficiency and reducing downtime. Additionally, the advent of edge computing enables real-time data processing and analysis at the point of generation, unlocking new possibilities for decentralized automation and enhanced responsiveness. Furthermore, the increasing emphasis on digital transformation initiatives creates opportunities for integrating automation solutions with emerging technologies such as cloud computing, augmented reality (AR), and digital twins, enabling seamless collaboration, remote monitoring, and immersive visualization of industrial processes. Moreover, the rising demand for modular and scalable automation solutions presents an opportunity for vendors to develop flexible and customizable offerings that cater to diverse industry requirements, facilitating easier adoption and integration within existing infrastructures.

Restraints :

One such challenge is the high initial investment required for implementing automation solutions, including the cost of hardware, software, integration, and training. This financial barrier may deter smaller enterprises from adopting automation, limiting market expansion within certain sectors. Additionally, concerns surrounding data security and privacy present a formidable restraint, particularly as interconnected systems become increasingly vulnerable to cyber threats and unauthorized access. Compliance with stringent regulatory requirements adds another layer of complexity, requiring organizations to navigate a maze of standards and protocols to ensure legal and ethical operation. Moreover, the rapid pace of technological advancement exacerbates the risk of obsolescence, as organizations must continually upgrade and adapt their automation infrastructure to remain competitive. Lastly, resistance to change and the fear of job displacement among workers pose social and cultural barriers to widespread adoption, necessitating comprehensive change management strategies to mitigate resistance and facilitate smooth transitions.

Regional Information:

In North America, the automation process control market is driven by a robust industrial landscape and a strong emphasis on technological innovation. The region’s mature manufacturing sector, particularly in automotive, aerospace, and electronics, fuels demand for automation solutions aimed at enhancing productivity, quality, and competitiveness. Additionally, stringent regulatory standards and a focus on operational efficiency propel adoption, especially in sectors such as pharmaceuticals and food processing. 

• In Europe, the market benefits from a similar industrial sophistication and a proactive approach to sustainability and energy efficiency. Germany, in particular, stands out as a leader in automation technology, with its renowned engineering prowess and commitment to Industry 4.0 principles. The region’s diverse manufacturing base, spanning automotive, chemical, and machinery industries, drives demand for advanced automation solutions tailored to specific needs. 

• Asia-Pacific, on the other hand, represents a dynamic and rapidly expanding market driven by the burgeoning industrialization and urbanization across countries like China, Japan, and South Korea. Here, automation adoption is propelled by a quest for operational excellence, cost efficiency, and scalability, particularly in sectors like electronics, automotive, and consumer goods manufacturing.

Recent Developments:

In June 2022, Dwyer Instruments introduced the Series 685 differential pressure transmitter targeted for installers and maintenance professionals. They feature a user-configurable response time and can be mounted in any orientation. They do not require any separate calibration devices.

• In April 2022, Yokogawa introduced the OpreX Vortex Flowmeter VY Series. These flowmeters are designed to handle a wider range of temperatures, fluid types, and pressure. They have the ability to perform precise temperature and pressure-compensated calculations by utilizing the data from pressure gauges and readings from a built-in temperature sensor.

Key Market Players:

Siemens AG, ABB Ltd., Emerson Electric Co., Rockwell Automation Inc., Schneider Electric SE, Honeywell International Inc., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, General Electric Company, and Omron Corporation.

Frequently Asked Questions

1) What is the projected market value of the Automation Process Control Market?

– The Automation Process Control Market is expected to reach an estimated value of USD 218.8 billion in revenue by 2029. 

2) What is the estimated CAGR of the Automation Process Control Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 8.2% for the Automation Process Control Market over the 2024 to 2029.

3) Who are the key players in the Automation Process Control Market?

– Siemens AG, ABB Ltd., Emerson Electric Co., Rockwell Automation Inc., Schneider Electric SE, Honeywell International Inc., Mitsubishi Electric Corporation, Yokogawa Electric Corporation, General Electric Company, and Omron Corporation.

4) What are the drivers for the Automation Process Control Market?

– Automation solutions are being adopted by businesses to optimize processes, reduce costs, and improve output quality. Industry 4.0 and IIoT enable real-time monitoring, while regulatory requirements and sustainability mandates drive automation for compliance, environmental impact, and workplace safety. The complexity of modern processes and skilled labor shortages also underscore the necessity of automation.

5) What are the restraints and challenges in the Automation Process Control Market?

– The high initial investment for automation solutions, data security concerns, regulatory compliance, rapid technological advancement, and resistance to change pose significant challenges to adoption. These factors may deter smaller enterprises from adopting automation, limit market expansion, and create a complex environment for compliance. Effective change management strategies are crucial to mitigate these barriers and facilitate smooth transitions.

6) What are the key applications and offerings of the Automation Process Control Market?

– Key applications of automation process control include manufacturing automation for improved efficiency, energy management systems for optimizing resource usage, transportation control systems for enhanced logistics, and healthcare automation for precision and patient safety.

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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