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The process automation and instrumentation market is expected to witness CAGR of 2.7% during the forecast period. Process Automation is a technology that uses automated equipment or machines in diverse industries to decrease or eliminate human labor and increase job productivity in a short span of time. The manufacturing and industrial sectors are rapidly evolving in process automation, resulting in advances in technology like distributed production by factories and services, the installation of autonomous plants, and the expanding use of remote operations to automate some processes. The increased emphasis to enhance the efficiency and effectiveness of operations performed by industry verticals at various stages to reduce operational costs and increase the demand for process automation and instrumentation. The increased adoption of IoT technology in various industrial verticals, mounting industrial revolution, growing labor wages in major manufacturing countries, and rising demand to boost production efficiency will accelerate the growth of the market. Nevertheless, the increased demand for safety automation systems will create opportunities for growth in the market. Thus process automation and instrumentation is significant for industries so as to provide real-time insights and are used for optimizing functions.  

The process automation and instrumentation market refers to the industry segment that deals with the development, manufacturing, and deployment of automation and instrumentation solutions for industrial processes. Process automation involves the use of various technologies, such as control systems, software, and sensors, to automate and optimize industrial processes, while instrumentation encompasses the measurement and monitoring devices used to gather data and control process variables.

The process automation and instrumentation market has witnessed significant growth in recent years due to several factors, including:

Increasing demand for operational efficiency: Industries across sectors, such as oil and gas, chemicals, pharmaceuticals, and manufacturing, are focused on improving operational efficiency, reducing costs, and enhancing productivity. Process automation and instrumentation solutions enable real-time monitoring, control, and optimization of industrial processes, leading to improved efficiency, reduced waste, and enhanced product quality.

Growing need for regulatory compliance: Compliance with safety, environmental, and quality regulations is a critical requirement for many industries. Process automation and instrumentation solutions help monitor and control process variables, ensuring adherence to regulatory standards and minimizing the risk of non-compliance.

Technological advancements: Rapid advancements in automation technologies, such as programmable logic controllers (PLCs), distributed control systems (DCS), human-machine interfaces (HMIs), and industrial networking, have expanded the capabilities and possibilities of process automation. Integration with advanced analytics, artificial intelligence (AI), and machine learning (ML) enables predictive maintenance, optimization, and decision-making, further driving market growth.

Industry 4.0 and digital transformation: The adoption of Industry 4.0 principles and digital transformation initiatives has accelerated the demand for process automation and instrumentation solutions. Smart factories and connected systems require automation and instrumentation technologies to enable seamless data exchange, remote monitoring, and control of industrial processes.

Focus on safety and risk mitigation: Process automation and instrumentation solutions play a crucial role in ensuring operational safety and risk mitigation. By monitoring critical process parameters, detecting abnormalities, and implementing safety measures, these solutions help prevent accidents, minimize downtime, and protect personnel and assets.

In November 2022, Honeywell has delivered a novel process automation functionality Experion Process Knowledge System (PKS) 520.1 for end-users.  It has laid the foundation of Experion PKS Highly Integrated Virtually Environment (HIVE) which has reduced the complexity and cost of automation projects.

The COVID-19 pandemic has led to an economic slowdown leading to slow growth in the process automation and instrumentation market. Owing to disruption in the supply chain, shortage of raw material, import and export ban, and reduced demand for goods, the output has reduced and decreased in the growth of process automation and instrumentation market.

Browse 53 market data Tables and 35 Figures spread through 250 Pages and in-depth TOC on " Process Automation and Instrumentation Market Insight by Instrument (Field Instrument, Control Valve, and Analytical Instrument), by Solution (PLC, DCS, SCADA, HMI, Safety Automation, APC, and MES), by Industry Vertical (Food & Beverages, Pharmaceuticals, Chemicals, Energy & Power, Oil & Gas, Metals & Mining, Water & Wastewater, Pulp & Paper, and Others), and Region - Global Forecast to 2030"

By instrument, the control valves is projected to witness highest CAGR during the forecast period.

The process automation and instrumentation market is classified into three categories based on instrument: field instrument, control valve, and analytical instrument. Control valves are anticipated to have a high CAGR during the forecast period owing to ensuring accurate flow control which enables automatic operation and reduced wastage of resources. Furthermore, the increased adoption of control valves in the oil & gas industry and rising initiatives by the government to projects related to flow control like gas pipelines and water distribution will fuel the growth of the control valves segment.

Global Process Automation and Instrumentation Market Segmentation Analysis

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“North America to hold the largest regional market share in 2022.”

Owing to the rising adoption of industrial automation processes in the area, North America dominates the process automation and instrumentation industry. Moreover, the prominence of a strong technological base, rising funding in the petrochemical and chemical industry will fuel the growth in the region.

Some of the major players in the global process automation and instrumentation market include ABB, Honeywell, Mitsubishi Electric Corporation, Emerson Electric Co., Danaher, Siemens, Schneider Electric, Yokogawa Electric Corporation, Rockwell Automation, Inc., and General Electric.

Scope of the Report

Global Process Automation and Instrumentation Market Coverage

Instrument Insight and Forecast 2018-2030

• Field Instrument
• Control Valve
• Analytical Instrument

Solution Insight and Forecast 2018-2030

• PLC
• DCS
• SCADA
• HMI
• Safety Automation
• APC
• MES

Industry Vertical Insight and Forecast 2018-2030

• Food & Beverages
• Pharmaceuticals
• Chemicals
• Energy & Power
• Oil & Gas
• Metals & Mining
• Water & Wastewater
• Pulp & Paper
• Others

Geographical Segmentation

Process Automation and Instrumentation Market by Region

North America

• By Instrument
• By Solution
• By Industry Vertical
• By Country – U.S., Canada, and Mexico

Europe

• By Instrument
• By Solution
• By Industry Vertical
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Instrument
• By Solution
• By Industry Vertical
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Instrument
• By Solution
• By Industry Vertical
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries