The global process automation and instrumentation market attained a value of USD 73.52 billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 6.3% to reach USD 127.78 billion by 2032.
Base Year
Historical Year
Forecast Year
| Global Process Automation and Instrumentation Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 73.52 |
| Market Size 2032 | USD Billion | 127.78 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 6.3% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 7.1% |
| CAGR 2024-2032 - Market by Country | India | 7.1% |
| CAGR 2024-2032 - Market by Country | Mexico | 6.6% |
| CAGR 2024-2032 - Market by Instrument | Field Instrument | 7.2% |
| CAGR 2024-2032 - Market by Industry | Oil and Gas | 7.2% |
| Market Share by Country 2023 | Japan | 5.1% |
The growth of the process automation and instrumentation market is driven by the growing emphasis on digitalised technologies such as IoT. The field instrument segment is expected to grow at the fastest rate due to its ability to provide optimum productivity. The Asia Pacific region is anticipated to hold the largest market share due to the growing oil and gas and food and beverage sectors. Other factors leading to the growth in the region are rapid industrialisation and the enactment of favourable policies by the government.
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Growing investments in automation technologies to enhance the capabilities of automation processes is a crucial trend of process automation and instrumentation market. The growing deployment of automation technology in end-use sectors such as chemicals, metals, and mining, are also some major market trends.
As per the process automation and instrumentation market dynamics and trends, ABB announced the launch of a value provider program for process automation solutions at its partner conference in September 2023.
Process instrumentation in the chemical industry enables precise measurement of variables like temperature, pressure, flow rate, level, density, and composition, ensuring reliability, field-proven accuracy, and ease of maintenance. As per the process automation and instrumentation industry analysis, the chemical sector is a vital global industry and generated USD 3.9 trillion in sales in 2023 and employed over 22 million people, according to the International Council of Chemical Associations (ICCA). A few large multinational corporations dominate the industry, with the top 10 companies contributing over 30% of global sales, primarily based in North America, Europe, and Asia. China leads as the largest producer and consumer of chemicals, holding nearly 40% of global sales, followed by the United States, Germany, Japan, and South Korea.
According to the India Brand Equity Foundation, India's chemical industry is projected to experience significant growth from FY19 to FY25. In FY19, the market size was 178.0 billion, and it increased to 194.6 billion in FY20, which contributed to the growth of the process automation and instrumentation industry. This upward trend continued in FY21, reaching 212.8 billion. The growth trajectory persisted with the market size of 232.6 billion in FY22, marking a consistent rise. By FY23, the market expanded further to 254.3 billion. The growth rate is maintained with an expected market size of 278.1 billion in FY24. By FY25, India's chemical industry is anticipated to reach 304.0 billion, indicating a compound annual growth rate of 9.3% over the period from FY19 to FY25. This consistent growth underscores the sector's expanding footprint and increasing market potential in India.
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“Process Automation and Instrumentation Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
The industry can be broadly categorised based on instrument into:
Based on solutions, the process automation and instrumentation market can be segmented into:
By industry, it can be divided into:
Looks into the regional markets like:
The report presents a detailed analysis of the following key players in the global process automation and instrumentation market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the process automation and instrumentation market by providing a SWOT analysis as well as an analysis of Porter’s five forces.
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The Asia Pacific is projected to witness the fastest growth during the forecast period owing to the rising investment in the energy and power sectors. Furthermore, the growing pharmaceutical industry is boosting the demand of process automation and instrumentation market.
| CAGR 2024-2032 - Market by | Country |
| India | 7.1% |
| Mexico | 6.6% |
| USA | 6.2% |
| UK | 6.0% |
| Germany | 5.8% |
| Canada | XX% |
| France | 5.5% |
| Italy | XX% |
| China | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global process automation and instrumentation market attained a value of nearly USD 73.52 billion.
The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.
The major drivers of the market include the rising investment in the energy and power sectors, growing oil and gas and food and beverage sectors, and rapid industrialisation.
Growing pharmaceutical industry and the growing emphasis on digitalised technologies such as IoT are the key industry trends propelling the market's growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Field instrument, control valve, and analytical instrument are the various instruments in the market.
The significant solutions of process automation and instrumentation considered in the market report are programmable logic controller (PLC), distributed control system (DCS), SCADA, human machine interface (HMI), safety automation, advanced process control (APC), and manufacturing execution system (MES).
The various industries are chemicals, energy and power, food and beverages, metal and mining, oil and gas, pharmaceuticals, pulp and paper, and water and wastewater, among others.
The major players in the market are ABB Ltd., Emerson Electric Co., Honeywell International Inc., Siemens AG, Schneider Electric SE, Rockwell Automation Inc., and General Electric Company, and among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 127.78 billion by 2032.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Instrument |
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| Breakup by Solution |
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| Breakup by Industry |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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