Learn about the global process automation and instrumentation market through The Business Research Company, which provides information on process automation and instrumentation market size, process automation and instrumentation market drivers and restraints, process automation and instrumentation market players, the COVID-19 impact on the process automation and instrumentation market, and more.

The global process automation and instrumentation market is expected to grow from $62.92 billion in 2021 to $67.81 billion in 2022 at a compound annual growth rate (CAGR) of 7.8%. The global process automation and instrumentation market size is expected to grow to $95.76 billion in 2026 at a CAGR of 9.0%.

The increasing focus of manufacturing firms on achieving cost-saving and better efficiency drives the growth of the process automation and instrumentation market.

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The process automation and instrumentation market consists of sales of process automation and instrumentation products by entities (organizations, sole traders, and partnerships) that refer to a set of activities conducted for the development and sales of process automation and instrumentation products. It is referred to as the process where technology is used to automate complex business processes involving using software, hardware, and computing technology to enable organizations to operate more securely and efficiently. Automating processes reduces errors and loss of data and increases transparency, communication across departments, and speed of processing in various industries.

Global Process Automation And Instrumentation Market Segments Include:

By Instrument: Field Instrument, Control Valve and Analyser, Analytical Instrument

By Solution: Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Human Machine Interaction (HMI), Functional Safety, Manufacturing Execution System (MES)

By Industry: Oil and Gas, Chemicals, Pulp and Paper, Pharmaceuticals, Metals and Mining, Food and Beverages, Energy and Power, Water and Wastewater Treatment

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global process automation and instrumentation market in 2021.

Technological innovations are shaping the process automation and instrumentation markets.

TBRC’s Process Automation And Instrumentation Market Report Covers:

Major Market Players: ABB Limited, Danaher Corporation, Emerson Electric Company, Endress+Hauser Group Services AG, General Electric, Hollysys Automation Technologies Ltd, Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation Inc., Schneider Electric SE, Yokogawa Electric Corporation, Beckhoff Automation, Carlo Gavazzi Holding AG, Delta Electronics Inc., Inductive Automation LLC, Intech, Pepperl+Fuchs GmbH, and Robert Bosch GmbH.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Process Automation And Instrumentation Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides process automation and instrumentation market overviews, analyzes and forecasts market size, share, process automation and instrumentation market players, process automation and instrumentation market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s process automation and instrumentation market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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