Process Automation and Instrumentation Market was valued at USD 100 Billion in 2022 and is projected to reach USD 140 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
The global process automation and instrumentation market has experienced substantial growth from 2018 to 2022, driven by technological advancements and increasing industrial demand. The need for automation solutions in various sectors such as oil & gas, pharmaceuticals, chemicals, and food & beverage has spurred the market’s expansion. Automation in industrial processes offers increased efficiency, improved safety, and cost savings, contributing to the overall positive outlook. Companies have increasingly adopted advanced technologies like Artificial Intelligence (AI), the Internet of Things (IoT), and machine learning to streamline operations, increase output, and reduce human error.
From 2023 to 2033, the demand for process automation and instrumentation is expected to grow exponentially as industries continue to modernize and invest in cutting-edge technologies. The market's outlook for this period is highly optimistic due to several factors, including the rising adoption of smart sensors, cloud-based systems, and big data analytics, which are anticipated to revolutionize industrial operations. Moreover, sustainability trends and regulatory pressures are driving companies to adopt more energy-efficient and eco-friendly solutions, further boosting demand for automation and instrumentation technologies.
Technological advancements are at the heart of this transition, with companies focusing on developing systems that can adapt in real-time to process variations. In addition to this, industries are witnessing increasing demand for predictive maintenance, which is expected to lead to more efficient systems, reducing downtime and operational costs. The integration of cloud computing in process automation systems is also a key driver, as it offers real-time data access and improves decision-making processes, leading to enhanced productivity.
As we move further into the 2023-2033 period, demand for process automation and instrumentation will continue to be fueled by increasing industrial IoT adoption, which enables better integration of systems and sensors. Industrial operators are also showing more interest in automation solutions that offer greater scalability, flexibility, and cost-effectiveness. The industrial sector is expected to be a major adopter of these technologies, with the rise of smart factories and autonomous systems.
Get an In-Depth Research Analysis of the Global Process Automation and Instrumentation Market Size And Forecast [2025-2032]
ABB
Emerson Electric
Honeywell
Mitsubishi Electric
OMRON
Rockwell Automation
Schneider Electric
Siemens
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Process Automation and Instrumentation Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Process Automation and Instrumentation Market
Oil And Gas Industry
Power
Chemical And Petrochemical
Water And Wastewater
Based on Types the Market is categorized into Below types that held the largest Process Automation and Instrumentation market share In 2023.
Process Automation
Process Instrumentation
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Process Automation and Instrumentation Market Research Analysis
1. Introduction of the Global Process Automation and Instrumentation Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Process Automation and Instrumentation Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Process Automation and Instrumentation Market, By Type
6. Global Process Automation and Instrumentation Market, By Application
7. Global Process Automation and Instrumentation Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Process Automation and Instrumentation Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/