NEW YORK, Sept. 30, 2022 /PRNewswire/ — The Process Automation And Instrumentation Market report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the process automation and instrumentation market between 2021 and 2026 is USD 28.57 billion. The report extensively covers process automation and instrumentation market segmentation by type (process automation and process instrumentation) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). To get the exact yearly growth variance and the Y-O-Y growth rate, Buy Sample Report.
Key Market Dynamics:
- Market Driver
- Market Challenges
One of the factors propelling the process automation and instrumentation market’s expansion is automation’s ability to simplify manufacturing. For the various industries, the intense competition, growing complexity of production processes, and shorter time-to-market have all become key challenges. Therefore, automated devices in industrial facilities just require a modest programming change to adapt to the changing technology.
Process automation and instrumentation speed up data collection and improve the effectiveness of the entire production process since automated systems can quickly respond to operational changes. Therefore, one of the key factors anticipated to fuel the market’s growth throughout the forecast period is manufacturing automation. However, factors such as cybersecurity threats will challenge market growth. Request Free Sample Report.
Competitive Analysis
The competitive scenario provided in the process automation and instrumentation market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Company Profiles
Global market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
Some Companies Mentioned with their Offerings
- ABB Ltd.
- Delta Electronics Inc.
- Emerson Electric Co.
- Endress Hauser Group Services AG
- Fuji Electric Co. Ltd.
- General Electric Co
- Hitachi Ltd.
- Honeywell International Inc.
- Metso Outotec Corp.
- Mitsubishi Electric Corp.
- OMRON Corp.
- Pepperl and Fuchs SE
- Rockwell Automation Inc.
To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Process Automation And Instrumentation Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.75% |
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Market growth 2022-2026 |
$28.57 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.55 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 37% |
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Key consumer countries |
US, Canada, China, India, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ABB Ltd., Delta Electronics Inc., Emerson Electric Co., Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co, Hitachi Ltd., Honeywell International Inc., Metso Outotec Corp., Mitsubishi Electric Corp., OMRON Corp., Pepperl and Fuchs SE, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Thermo Fisher Scientific Inc., and Yokogawa Electric Corp. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market Overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type – Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Process automation – Market size and forecast 2021-2026
- Exhibit 28: Chart on Process automation – Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Process automation – Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Process automation – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Process automation – Year-over-year growth 2021-2026 (%)
- 5.4 Process instrumentation – Market size and forecast 2021-2026
- Exhibit 32: Chart on Process instrumentation – Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Process instrumentation – Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Process instrumentation – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Process instrumentation – Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC – Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
- Exhibit 43: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.4 North America – Market size and forecast 2021-2026
- Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.5 Europe – Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 US – Market size and forecast 2021-2026
- Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.9 China – Market size and forecast 2021-2026
- Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.10 India – Market size and forecast 2021-2026
- Exhibit 70: Chart on India – Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on India – Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on India – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on India – Year-over-year growth 2021-2026 (%)
- 7.11 Canada – Market size and forecast 2021-2026
- Exhibit 74: Chart on Canada – Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on Canada – Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on Canada – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Canada – Year-over-year growth 2021-2026 (%)
- 7.12 UK – Market size and forecast 2021-2026
- Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 ABB Ltd.
- Exhibit 89: ABB Ltd. – Overview
- Exhibit 90: ABB Ltd. – Business segments
- Exhibit 91: ABB Ltd. – Key news
- Exhibit 92: ABB Ltd. – Key offerings
- Exhibit 93: ABB Ltd. – Segment focus
- 10.4 Emerson Electric Co.
- Exhibit 94: Emerson Electric Co. – Overview
- Exhibit 95: Emerson Electric Co. – Business segments
- Exhibit 96: Emerson Electric Co. – Key news
- Exhibit 97: Emerson Electric Co. – Key offerings
- Exhibit 98: Emerson Electric Co. – Segment focus
- 10.5 Endress Hauser Group Services AG
- Exhibit 99: Endress Hauser Group Services AG – Overview
- Exhibit 100: Endress Hauser Group Services AG – Product / Service
- Exhibit 101: Endress Hauser Group Services AG – Key news
- Exhibit 102: Endress Hauser Group Services AG – Key offerings
- 10.6 General Electric Co
- Exhibit 103: General Electric Co – Overview
- Exhibit 104: General Electric Co – Business segments
- Exhibit 105: General Electric Co – Key news
- Exhibit 106: General Electric Co – Key offerings
- Exhibit 107: General Electric Co – Segment focus
- 10.7 Honeywell International Inc.
- Exhibit 108: Honeywell International Inc. – Overview
- Exhibit 109: Honeywell International Inc. – Business segments
- Exhibit 110: Honeywell International Inc. – Key news
- Exhibit 111: Honeywell International Inc. – Key offerings
- Exhibit 112: Honeywell International Inc. – Segment focus
- 10.8 Mitsubishi Electric Corp.
- Exhibit 113: Mitsubishi Electric Corp. – Overview
- Exhibit 114: Mitsubishi Electric Corp. – Business segments
- Exhibit 115: Mitsubishi Electric Corp. – Key news
- Exhibit 116: Mitsubishi Electric Corp. – Key offerings
- Exhibit 117: Mitsubishi Electric Corp. – Segment focus
- 10.9 Rockwell Automation Inc.
- Exhibit 118: Rockwell Automation Inc. – Overview
- Exhibit 119: Rockwell Automation Inc. – Business segments
- Exhibit 120: Rockwell Automation Inc. – Key news
- Exhibit 121: Rockwell Automation Inc. – Key offerings
- Exhibit 122: Rockwell Automation Inc. – Segment focus
- 10.10 Schneider Electric SE
- Exhibit 123: Schneider Electric SE – Overview
- Exhibit 124: Schneider Electric SE – Business segments
- Exhibit 125: Schneider Electric SE – Key news
- Exhibit 126: Schneider Electric SE – Key offerings
- Exhibit 127: Schneider Electric SE – Segment focus
- 10.11 Siemens AG
- Exhibit 128: Siemens AG – Overview
- Exhibit 129: Siemens AG – Business segments
- Exhibit 130: Siemens AG – Key news
- Exhibit 131: Siemens AG – Key offerings
- Exhibit 132: Siemens AG – Segment focus
- 10.12 Yokogawa Electric Corp.
- Exhibit 133: Yokogawa Electric Corp. – Overview
- Exhibit 134: Yokogawa Electric Corp. – Business segments
- Exhibit 135: Yokogawa Electric Corp. – Key offerings
- Exhibit 136: Yokogawa Electric Corp. – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 137: Inclusions checklist
- Exhibit 138: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 139: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 140: Research methodology
- Exhibit 141: Validation techniques employed for market sizing
- Exhibit 142: Information sources
- 11.5 List of abbreviations
- Exhibit 143: List of abbreviations
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