Industrial Control For Process Automation Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033

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Overview and Scope
Industrial control for process automation refers to the use of control systems and technologies to monitor, regulate, and optimize industrial processes automatically. It is critical in optimizing industrial processes, enhancing operational efficiency, and ensuring safety and reliability in diverse industrial sectors. Industrial control for process automation enables organizations to achieve greater flexibility, agility, and competitiveness in today’s dynamic business environment.

Sizing and Forecast
The industrial control for process automation market size has grown strongly in recent years. It will grow from $34.53 billion in 2023 to $37.93 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to the demand for operational efficiency increased, the complexity of industrial processes, the need for real-time monitoring, increased focus on safety, and labor costs.

The industrial control for process automation market size is expected to see rapid growth in the next few years. It will grow to $55.76 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increasing adoption of the Internet of Things, rising demand for edge computing, growing emphasis on cybersecurity measures, rising importance of digital twins, and growing need for autonomous systems. Major trends in the forecast period include automation, wearables, integration of AI, technological advancements, cybersecurity, and adoption of edge computing.

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The industrial control for process automation market covered in this report is segmented –

1) By System: Supervisory Control And Data Acquisition System, Distributed Control System, Programmable Logic Controller, Machine Execution System, Product Lifecycle Management, Enterprise Resource Planning, Human Machine Interface, Other Systems
2) Mode of Automation: Semi-Automation, Fully-Automation
3) By Applications: Chemical And Petrochemical, Metals And Mining, Pulp And Paper, Water And Wastewater, Food And Beverage, Power, Oil And Gas, Others Applications

Asia-Pacific was the largest region in the industrial control for process automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial control for process automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing adoption of cloud-based solutions is expected to propel the growth of industrial control in the process automation market going forward. Cloud-based solutions are services or applications hosted and supplied via the Internet rather than on local servers or personal devices. The increasing adoption of cloud-based solutions is due to scalability, cost-efficiency, and security. Adopting cloud-based solutions in industrial control for process automation offers numerous benefits, including scalability, cost-effectiveness, remote accessibility, advanced analytics, integration with IoT technologies, and enhanced security and compliance. For instance, in December 2023, Eurostat, a Luxembourg-based governmental organization of the European Union operating as the statistical office, reported that in 2023, the adoption rate of cloud computing services among small and medium-sized enterprises grew to 59%, up from 53% in 2021. Therefore, the increasing adoption of cloud-based solutions is driving the growth of the industrial control for the process automation market.

Key Industry Players
Major companies operating in the industrial control for process automation market are Siemens AG, General Electric Company, Honeywell International Inc., Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Danaher Corporation, Johnson Controls International plc, Emerson Electric Co., Rockwell Automation Inc., Fuji Electric Co. Ltd., Danfoss A/S, Keyence Corporation, Bosch Rexroth AG, Omron Corporation, Fanuc Corporation, Dassault Systemes SE, Endress+Hauser Group, Phoenix Contact GmbH & Co. KG, Rittal GmbH & Co. KG, B&R Industrial Automation GmbH, Pilz GmbH & Co. KG, Aspen Technology Inc., Wago Kontakttechnik GmbH & Co. KG, Yokogawa Electric Corporation.

The industrial control for process automation market report table of contents includes:

1. Executive Summary

2. Industrial Control For Process Automation Market Characteristics

3. Industrial Control For Process Automation Market Trends And Strategies

4. Industrial Control For Process Automation Market – Macro Economic Scenario

5. Global Industrial Control For Process Automation Market Size and Growth
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32. Global Industrial Control For Process Automation Market Competitive Benchmarking

33. Global Industrial Control For Process Automation Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Industrial Control For Process Automation Market

35. Industrial Control For Process Automation Market Future Outlook and Potential Analysis

36. Appendix

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