Process Automation and Instrumentation Market

Key Insights

The Global Process Automation and Instrumentation Market is valued at USD 73.60 Billion in 2024 and is projected to reach a value of USD 98.68 Billion by 2034 at a CAGR (Compound Annual Growth Rate) of 3.0% between 2025 and 2034.

Overview and Description

Process Automation and Instrumentation is a method that involves careful monitoring of multiple business generations. It is technology-enabled automation and instrumentation of complicated business methods which provides to streamline the business towards uniformity, achieving organizational goals, develop quality and decrease operational costs. The technology also incorporates monitoring and controlling the physical quantities using various interconnected systems.

This report provides an analysis of the Process Automation and Instrumentation market for the historic period of 2019–2023 and forecasts for 2025–2034 while 2023 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2024–2034. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Process Automation and Instrumentation market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

COVID-19 Impact Analysis

The COVID-19 outbreak has affected various industries worldwide. The Process Automation and Instrumentation market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

• Impact Assessment of COVID-19 Pandemic
• Pre & Post COVID-19 Market Size
• Qualitative analysis on the short term & long-term impact of COVID-19 on the market
• The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The fiscal policy steps taken by regional financial institutions to keep manufacturing facilities floating amid COVID-19 crisis is drivng the growth of the Process Automation and Instrumentation market.

Furthermore,the growing importance of energy efficiency and cost reduction coupled with emphasis on industrial automation and optimum utilization of resources is also expected to fuel the growth of the market in the years to come.

The high investments required for solutions and high maintainence cost is expected to hinder the growth of the Process Automation and Instrumentation market in the years to come.

Market Segmentation

The report delivers an acute breakdown of the market based on various segments such as Type, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2021–2034. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Type, the market is divided into Process Automation, Process Instrumentation. Left Regular Spray dominated the global Process Automation and Instrumentation market in 2023 and is projected to witness the same trend during the forecast period.

Based on Application, the market is segmented into Oil and gas industry, Power, Chemical and petrochemical, Water and wastewater. Marine accounted for the highest market share and is expected to grow at a significant CAGR from 2025 to 2034.

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Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

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Regional Analysis: Preview

Based on the geography, the global Process Automation and Instrumentation market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2025–2034.

Competitive Landscape

The global Process Automation and Instrumentation market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Process Automation and Instrumentation market are Schneider Electric SA (France), Emerson Electric Company (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), Mitsubishi Electric Corporation (Japan), Honeywell International Inc. (U.S.), ABB Ltd., Omron Corporation (Japan), Rockwell Automation Inc. (U.S). This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players.

The global Process Automation and Instrumentation market can be categorized as Type, Application, End-Use Industry, and Region.