プロセスオートメーションと計測器市場 – 2029年までの世界予測

Process Automation and Instrumentation Market - Global Forecast To 2029

プロセスオートメーションと計測器市場 - 伝送器 (レベル、圧力、温度)、分析装置 (TOC、pH、酸素、導電率、密度、有毒ガス、濁度、​​硫化水素)、PLC、DCS、SCADA、HMI、MES、業界別 - 2029年までの世界予測
Process Automation and Instrumentation Market by Transmitter (Level, Pressure, Temperature), Analyzer (TOC, pH, Oxygen, Conductivity, Density, Toxic Gas, Turbidity, Hydrogen Sulfide), PLC, DCS, SCADA, HMI, MES, Industry - Global Forecast to 2029
出版社MarketsandMarkets
出版年月2024年8月
ページ数339
図表数283
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global process automation and instrumentation market is expected to be valued at USD 74.2 billion in 2024 and is projected to reach USD 98.6 billion by 2029 and grow at a CAGR of 5.9%.

世界のプロセスオートメーションと計測器市場は、2024 年に 742 億米ドルに達すると予想され、2029 年までに 986 億米ドルに達し、CAGR 5.9% で成長すると予測されています。

The growth of this market is driven by the increasing demand for operational efficiency and the adoption of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning across various industries.

プロセスオートメーションと計測器市場 - 2029年までの世界予測
Process Automation and Instrumentation Market

“Energy & Power industry is expected to hold significant market share during the forecast period”

The energy and power industry is set to gain a significant market share in the process automation and instrumentation market due to the increasing importance of efficiency, safety and reliability. With increasing global energy demand, companies are increasingly adopting automation technologies to improve production efficiency, reduce costs and increase safety. Automation solutions such as distributed control systems (DCS) and supervisory control data acquisition systems (SCADA) enable real-time monitoring and enhance response time and system stability. Advanced analysis and predictive maintenance further lowers operating time and preventing mechanical malfunctions. Companies’ focus on digital transformation and regulatory compliance is driving automation adoption, ensuring a strong market presence and commitment to innovation and operational excellence.

プロセスオートメーションと計測器市場 - 2029年までの世界予測 ecosystem
Process Automation and Instrumentation Market – Global Forecast To 2029

“Process Analyzer segment is expected to witness highest CAGR during the forecast period.”

Process analyzers are expected to hold the highest CAGR rate in the process automation and instrumentation market. This growth is due to the key role played in technical quality and operational efficiency. Demand for precision analytics tools has increased as companies focus on improving processes and complying with stringent regulations. Process analyzers provide real-time data on parameters such as composition and concentration, enabling instant adjustments in production. This is especially important in industries such as oil and gas, chemicals and pharmaceuticals. The adoption of digital technologies such as the Industrial Internet of Things (IIoT) and advanced analytics makes process analyzers even more efficient, facilitating predictive maintenance and better decision making. As companies prioritize automation to increase efficiency and reduced costs can increase substantially, which highlights their increasing importance in modern industrial applications.

“HMI  to witness highest CAGR for the solution segment during the forecast period.”

The human-machine interface (HMI) segment is expected to have the highest compound annual growth rate (CAGR) in the process automation market, driven by its increasing adoption across industries. Real-time data visualization and control capabilities enable operators to communicate effectively with the systems. The increasing demand for flexible and user-friendly applications, especially in industries such as manufacturing, oil and gas, and pharmaceuticals, has led to advanced HMIs. Furthermore, integrating HMIs with other manufacturing technologies, such as the Industrial Internet of Things (IIoT), enhances their efficiency and makes them an important component in the automation of complex industrial processes of the industry as companies prioritize efficiency, safety and compliance. Demand will continue to grow rapidly, contributing to their highest CAGR in the process automation and equipment market.

プロセスオートメーションと計測器市場 - 2029年までの世界予測 ecosystem12
Process Automation and Instrumentation Market – Global Forecast To 2029 ecosystem

“North America is likely to hold prominent market share in 2024.”

The process automation & instrumentation market in the North America is categorized further into US, Canada, and Mexico. The Americas dominates the process automation & instrumentation market due to its technological leadership, supportive government policies, diverse market opportunities, and active research and development. Several other factors have contributed to this growth, such as increasing demand for automation in key industries such as food and beverage, automotive, pharmaceutical and aviation, where efficiency and cost reduction are key components. North America’s early adoption of digital technologies such as AI and big data analytics is well positioned to leverage these advances for further advancements in the process automation and equipment landscape.

Breakdown of primaries

A variety of executives from key organizations operating in the process automation & instrumentation market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.

  • By Company Type: Tier 1 – 45%, Tier 2 – 35%, and Tier 3 – 20%
  • By Designation: C-level Executives – 40%, Directors – 45%, and others – 15%
  • By Region: North America – 29%, Europe – 27%, Asia Pacific – 36%, and RoW – 8%
プロセスオートメーションと計測器市場 - 2029年までの世界予測 region
Process Automation and Instrumentation Market – Global Forecast To 2029 region

Major players profiled in this report are as follows:  ABB (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), and Schneider Electric (France), and others.

These leading companies possess a wide portfolio of products and solutions, establishing a prominent presence in established as well as emerging markets. The study provides a detailed competitive analysis of these key players in the process automation & instrumentation market, presenting their company profiles, most recent developments, and key market strategies.

Research Coverage

In this report, the process automation and instrumentation market has been segmented based on instrument, solution, industry, and region. The process automation and instrumentation market based on instrument has been segmented into field instruments and process analyzers. Based on solution, the market is segmented into PLC, DCS, SCADA, HMI, functional safety, and MES. Based on industry, the market has been segmented into oil & gas, chemicals, pulp & paper, pharmaceuticals, metals & mining, food & beverages, energy & power, water & wastewater treatment, and others.The study also forecasts the size of the market in four main regions—North America, Europe, APAC, and RoW.

Reasons to buy the report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the process automation & instrumentation market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Key Benefits of Buying the Report

Analysis of key drivers (I, Growing need for efficient utilization of resources, Rising trend of connected enterprises in process industries, ncreasing focus of manufacturing firms on achieving cost saving and better efficiency, Growth in emerging economies),restraints (High implementation and maintenance costs associated with process automation, Regulatory Compliance and Standards, Limited product differentiation), opportunities (Surging demand for safety automation systems across process industries, Growing adoption of Industry 4.0 by manufacturing firms, Rising need for efficient multivariable pressure transmitter, Increasing adoption of lloT across industries, Rise of Cloud-based Solutions), and challenges (Cyber attacks and security threats, Shortage of skilled personnel to operate sophisticated automation system, Integration with existing systems and infrastructure) influencing the growth of the process automation & instrumentation market.

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the process automation & instrumentation market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the process automation & instrumentation market across varied regions.
  • Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the process automation & instrumentation market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), and Schneider Electric (France), and others.

Table of Contents

1            INTRODUCTION            27

1.1         STUDY OBJECTIVES      27

1.2         MARKET DEFINITION   27

1.3         STUDY SCOPE  28

1.3.1      MARKETS COVERED AND REGIONAL SCOPE     28

1.3.2      YEARS CONSIDERED     29

1.3.3      INCLUSIONS AND EXCLUSIONS 29

1.4         CURRENCY CONSIDERED          30

1.5         UNITS CONSIDERED     30

1.6         LIMITATIONS   30

1.7         STAKEHOLDERS            30

1.8         SUMMARY OF CHANGES            31

2            RESEARCH METHODOLOGY     32

2.1         RESEARCH APPROACH 32

2.1.1      SECONDARY AND PRIMARY RESEARCH 33

2.1.2      SECONDARY DATA       35

2.1.2.1   List of key secondary sources           35

2.1.2.2   Key data from secondary sources     35

2.1.3      PRIMARY DATA 36

2.1.3.1   Intended participants and key opinion leaders in primary interviews        36

2.1.3.2   Key data from primary sources         36

2.1.3.3   Key industry insights          37

2.1.3.4   Breakdown of primaries     37

2.2         MARKET SIZE ESTIMATION       37

2.2.1      BOTTOM-UP APPROACH           38

2.2.1.1   Approach to estimate market size using bottom-up analysis

(demand side)     38

2.2.2      TOP-DOWN APPROACH             39

2.2.2.1   Approach to estimate market size using top-down analysis

(supply side)      39

2.3         DATA TRIANGULATION             41

2.4         RESEARCH ASSUMPTIONS         42

2.5         RESEARCH LIMITATIONS           42

2.6         RISK ANALYSIS 43

3            EXECUTIVE SUMMARY 44

4            PREMIUM INSIGHTS      48

4.1         ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN PROCESS

AUTOMATION AND INSTRUMENTATION MARKET        48

4.2         PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION        48

4.3         PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY         49

4.4         PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC,

BY SOLUTION AND COUNTRY  49

4.5         PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT   50

4.6         PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY COUNTRY         50

5            MARKET OVERVIEW     51

5.1         INTRODUCTION            51

5.2         MARKET DYNAMICS     51

5.2.1      DRIVERS            53

5.2.1.1   High energy consumption due to rapid urbanization    53

5.2.1.2   Integration of advanced systems and software for resource utilization      53

5.2.1.3   Adoption of connected enterprises in process industries             53

5.2.1.4   Favorable regulations and policies in developing countries         54

5.2.1.5   Increasing demand for functional safety products         54

5.2.2      RESTRAINTS     55

5.2.2.1   High implementation and maintenance costs 55

5.2.2.2   Complex regulatory standards          56

5.2.2.3   Soaring competition due to similar product functionalities         56

5.2.3      OPPORTUNITIES           57

5.2.3.1   Adoption of Industry 4.0 in manufacturing sectors       57

5.2.3.2   Integration of sensors with microprocessor technologies            57

5.2.3.3   Shift from traditional production methods to digitalized processes           58

5.2.3.4   Adoption of cloud-based solutions   58

5.2.4      CHALLENGES   59

5.2.4.1   Vulnerability to cyberattacks            59

5.2.4.2   Shortage of skilled personnel to operate sophisticated automation systems              59

5.2.4.3   Tedious process of integrating automated solutions with existing systems and infrastructure       60

5.3         VALUE CHAIN ANALYSIS            61

5.4         ECOSYSTEM ANALYSIS 64

5.5         INVESTMENT AND FUNDING SCENARIO            66

5.6         PRICING ANALYSIS        67

5.6.1      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PLC INPUT              67

5.6.2      INDICATIVE PRICING TREND OF REMOTE TERMINAL UNITS, BY REGION             69

5.7         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       71

5.8         TECHNOLOGY ANALYSIS           72

5.8.1      KEY TECHNOLOGIES    72

5.8.1.1   AI and ML           72

5.8.1.2   IoT        73

5.8.2      COMPLEMENTARY TECHNOLOGIES     73

5.8.2.1   Cloud computing 73

5.8.2.2   NLP      74

5.8.3      ADJACENT TECHNOLOGIES      74

5.8.3.1   Blockchain           74

5.8.3.2   Cybersecurity      75

5.9         PORTER’S FIVE FORCES ANALYSIS         75

5.9.1      THREAT OF NEW ENTRANTS    77

5.9.2      THREAT OF SUBSTITUTES         77

5.9.3      BARGAINING POWER OF SUPPLIERS     77

5.9.4      BARGAINING POWER OF BUYERS           77

5.9.5      INTENSITY OF COMPETITIVE RIVALRY 78

5.10       KEY STAKEHOLDERS AND BUYING CRITERIA    78

5.10.1    KEY STAKEHOLDERS IN BUYING PROCESS         78

5.10.2    BUYING CRITERIA         79

5.11       CASE STUDY ANALYSIS 80

5.11.1    INDIAN OIL CORPORATION ENHANCED POWER SYSTEM OPERATIONS WITH HONEYWELL’S SCADA-INTEGRATED SOLUTION 80

5.11.2    ABB ASSISTED NORSKE SHELL IN DEPLOYING INTEGRATED PROCESS AUTOMATION SYSTEMS TO MONITOR PRODUCTION PROCESSES EFFICIENTLY    81

5.11.3    ABB PROVIDED LONG-TERM MAINTENANCE SUPPORT TO BRAZILIAN OIL FIELDS TO IMPROVE OPERATIONAL EFFICIENCY   82

5.11.4    EMERSON HELPED ITALIAN SHOPPING MALLS ENHANCE SAFETY AND REDUCE ELECTRICITY CONSUMPTION WITH MOVICON SCADA SOFTWARE              83

5.11.5    EMERSON’S DELTAV ENABLED REMOTE MONITORING AND PROACTIVE MAINTENANCE FOR PLANT PERSONNEL   83

5.12       TRADE ANALYSIS          84

5.12.1    IMPORT DATA (HS CODE 9026) 84

5.12.2    EXPORT DATA (HS CODE 9026) 85

5.13       PATENT ANALYSIS        86

5.14       KEY CONFERENCES AND EVENTS, 2024–2025     90

5.15       REGULATORY LANDSCAPE       92

5.15.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          92

5.15.2    STANDARDS     94

5.15.3    REGULATIONS 95

5.16       COMMUNICATION PROTOCOLS            98

5.16.1    WIRED COMMUNICATION PROTOCOLS             98

5.16.1.1 USB protocol       98

5.16.1.2 UART protocol    98

5.16.1.3 SPI protocol        98

5.16.1.4 I2C protocol        99

5.16.1.5 CAN protocol      99

5.16.2    WIRELESS COMMUNICATION PROTOCOLS       99

5.16.2.1 Wi-Fi     99

5.16.2.2 Bluetooth            99

5.16.2.3 Zigbee   99

5.16.2.4 3G & 4G cellular  100

5.16.2.5 Other wireless communication protocols       100

5.17       IMPACT OF AI/GENERATIVE AI ON PROCESS AUTOMATION AND INSTRUMENTATION MARKET  101

5.17.1    USE CASES        102

5.17.2    KEY COMPANIES IMPLEMENTING AI     102

5.17.3    CHALLENGES ASSOCIATED WITH AI/GENERATIVE AI   103

5.17.4    FUTURE OF AI IN MANUFACTURING SECTOR   104

6            PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT   105

6.1         INTRODUCTION            106

6.2         FIELD INSTRUMENTS   108

6.2.1      FIELD INSTRUMENTS, BY TYPE 112

6.2.1.1   Level transmitters 112

6.2.1.1.1 Growing application in petrochemicals and water & wastewater treatment industries to foster market growth    112

6.2.1.2   Pressure transmitters         114

6.2.1.2.1 Rising oil & gas exploration activities to drive market   114

6.2.1.3   Temperature transmitters  117

6.2.1.3.1 Increasing use in pharmaceutical manufacturing to boost demand           117

6.2.1.4   Other field instruments      120

6.3         PROCESS ANALYZERS   123

6.3.1      PROCESS ANALYZERS, BY TYPE 125

6.3.1.1   Gas analyzers       125

6.3.1.1.1 Ability to determine qualitative and quantitative composition of gas mixtures to boost demand      125

6.3.1.1.2 Oxygen analyzers 125

6.3.1.1.3 CO2 analyzers     126

6.3.1.1.4 Moisture analyzers             126

6.3.1.1.5 Toxic gas analyzers            126

6.3.1.1.6 Hydrogen sulfide analyzers 126

6.3.1.2   Liquid analyzers  127

6.3.1.2.1 Ongoing technological developments to offer lucrative growth opportunities              127

6.3.1.2.2 pH/ORP analyzers            127

6.3.1.2.3 Conductivity analyzers       127

6.3.1.2.4 Turbidity analyzers            127

6.3.1.2.5 Dissolved oxygen analyzers 127

6.3.1.2.6 Liquid density analyzers    128

6.3.1.2.7 MLSS analyzers   128

6.3.1.2.8 TOC analyzers    128

7            PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION        131

7.1         INTRODUCTION            132

7.2         PLC       136

7.2.1      GROWING APPLICATION OF MICRO AND NANO CONTROLLERS IN PROCESS INDUSTRIES TO FUEL MARKET GROWTH       136

7.3         DCS      139

7.3.1      REDUCED EXPENSES WITH OPERATIONAL EFFICIENCY TO SPUR DEMAND           139

7.3.2      DCS, BY OFFERING        141

7.3.2.1   DCS, by software 141

7.3.2.2   DCS, by hardware             141

7.3.2.3   DCS, by service   142

7.4         SCADA 143

7.4.1      RISING NEED TO AUTOMATE COMPLEX INDUSTRIAL PROCESSES TO DRIVE MARKET 143

7.4.2      SCADA, BY OFFERING   145

7.4.2.1   SCADA, by hardware        145

7.4.2.2   SCADA, by software          146

7.4.2.3   SCADA, by service            146

7.5         HMI      147

7.5.1      INCREASING ADOPTION OF IIOT BY MANUFACTURING COMPANIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES        147

7.5.2      HMI, BY OFFERING        149

7.5.2.1   HMI, by hardware             149

7.5.2.1.1 Basic HMIs          149

7.5.2.1.2 Advanced panel-based HMIs           150

7.5.2.1.3 Advanced PC-based HMIs 150

7.5.2.1.4 Other hardware types        151

7.5.2.2   HMI, by software 151

7.6         FUNCTIONAL SAFETY  152

7.6.1      IMPOSITION OF RIGOROUS SAFETY STANDARDS INTO INDUSTRIAL SETTINGS TO ACCELERATE DEMAND  152

7.7         MES      155

7.7.1      INCREASING DEMAND FOR EFFICIENT DATA MONITORING AND CONTROL SOFTWARE SOLUTIONS TO SPUR DEMAND 155

7.7.2      MES, BY OFFERING        157

7.7.2.1   MES, by software 157

7.7.2.2   MES, by service   157

8            PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY         159

8.1         INTRODUCTION            160

8.2         OIL & GAS          162

8.2.1      REDUCED EMISSIONS WITH OPTIMIZED COMBUSTION PROCESSES TO BOOST DEMAND     162

8.3         CHEMICALS      163

8.3.1      PRESSING NEED TO MINIMIZE HUMAN EXPOSURE TO HAZARDOUS MATERIALS TO SPUR DEMAND 163

8.4         PULP & PAPER  164

8.4.1      RISING ADOPTION OF ADVANCED TECHNOLOGIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES             164

8.5         PHARMACEUTICALS     165

8.5.1      INCREASING FOCUS ON DIGITALIZING PHARMACEUTICAL PLANTS TO DRIVE MARKET       165

8.6         METALS & MINING        166

8.6.1      ABILITY TO OFFER SAFETY THROUGH REMOTE MACHINERY OPERATIONS TO BOOST DEMAND        166

8.7         FOOD & BEVERAGES     167

8.7.1      RISING DEPLOYMENT OF AI AND ML TO DRIVE MARKET           167

8.8         ENERGY & POWER         168

8.8.1      GROWING DEMAND FOR CLEAN ENERGY TO FOSTER MARKET GROWTH          168

8.9         WATER & WASTEWATER TREATMENT  169

8.9.1      GROWING DEMAND FOR IMPROVED QUALITY OF RECYCLED WASTEWATER TO SPUR DEMAND         169

8.10       OTHERS             169

9            PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION             170

9.1         INTRODUCTION            171

9.2         NORTH AMERICA          173

9.2.1      MACROECONOMIC OUTLOOK FOR NORTH AMERICA   177

9.2.2      US         178

9.2.2.1   Growing demand for crude oil to drive market             178

9.2.3      CANADA            178

9.2.3.1   Advent of Industry 4.0 and IIoT to offer lucrative growth opportunities   178

9.2.4      MEXICO             179

9.2.4.1   Rising demand for connected plants to foster market growth      179

9.3         EUROPE             180

9.3.1      MACROECONOMIC OUTLOOK FOR EUROPE     184

9.3.2      GERMANY         184

9.3.2.1   Increasing adoption in food & beverages and pharmaceuticals industries to drive market   184

9.3.3      UK         185

9.3.3.1   Growing demand for energy-efficient and sustainable solutions to foster market growth   185

9.3.4      FRANCE             186

9.3.4.1   Introduction of advanced solutions to modernize industrial sector to accelerate demand 186

9.3.5      REST OF EUROPE           187

9.4         ASIA PACIFIC    187

9.4.1      MACROECONOMIC OUTLOOK FOR ASIA PACIFIC          191

9.4.2      CHINA  192

9.4.2.1   Government-led initiatives to encourage smart manufacturing strategies to drive demand 192

9.4.3      JAPAN  192

9.4.3.1   Increasing demand for electricity from process industries to drive market 192

9.4.4      INDIA   193

9.4.4.1   Growing focus on sustainability and environmental protection to spur demand              193

9.4.5      REST OF ASIA PACIFIC  193

9.5         ROW     194

9.5.1      MACROECONOMIC OUTLOOK FOR ROW           197

9.5.2      MIDDLE EAST  197

9.5.2.1   Increasing emphasis on economic diversification to offer lucrative growth opportunities       197

9.5.2.2   GCC countries     198

9.5.2.3   Rest of Middle East            198

9.5.3      SOUTH AMERICA           199

9.5.3.1   Rising industrialization to drive market          199

9.5.4      AFRICA 199

9.5.4.1   Growing application in mining industry to boost demand          199

10          COMPETITIVE LANDSCAPE       201

10.1       OVERVIEW        201

10.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023     201

10.3       REVENUE ANALYSIS, 2019–2023 203

10.4       MARKET SHARE ANALYSIS, 2023             204

10.4.1    MARKET SHARE ANALYSIS FOR MES SOLUTION, 2023    204

10.4.2    MARKET SHARE ANALYSIS FOR SCADA SOLUTION, 2023             205

10.5       COMPANY VALUATION AND FINANCIAL METRICS        207

10.6       BRAND/PRODUCT COMPARISON          208

10.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   209

10.7.1    STARS  209

10.7.2    EMERGING LEADERS    209

10.7.3    PERVASIVE PLAYERS     209

10.7.4    PARTICIPANTS 210

10.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      211

10.7.5.1 Company footprint            211

10.7.5.2 Solution footprint 212

10.7.5.3 Instrument footprint          213

10.7.5.4 Industry footprint 214

10.7.5.5 Region footprint  216

10.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          217

10.8.1    PROGRESSIVE COMPANIES       217

10.8.2    RESPONSIVE COMPANIES          217

10.8.3    DYNAMIC COMPANIES 217

10.8.4    STARTING BLOCKS       217

10.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024             219

10.8.5.1 Detailed list of key startups/SMEs   219

10.8.5.2 Competitive benchmarking of key startups/SMEs        220

10.9       COMPETITIVE SCENARIOS        220

10.9.1    PRODUCT LAUNCHES/DEVELOPMENTS            220

10.9.2    DEALS  222

10.9.3    EXPANSIONS    224

10.9.4    OTHERS             225

11          COMPANY PROFILES    226

11.1       KEY PLAYERS   226

11.1.1    ABB       226

11.1.1.1 Business overview 226

11.1.1.2 Products/Solutions/Services offered 227

11.1.1.3 Recent developments         229

11.1.1.3.1            Product launches/Developments     229

11.1.1.3.2            Deals     230

11.1.1.4 MnM view           232

11.1.1.4.1            Key strengths/Right to win 232

11.1.1.4.2            Strategic choices  232

11.1.1.4.3            Weaknesses/Competitive threats     232

11.1.2    EMERSON ELECTRIC CO.           233

11.1.2.1 Business overview 233

11.1.2.2 Products/Solutions/Services offered 234

11.1.2.3 Recent developments         236

11.1.2.3.1            Product launches/Developments     236

11.1.2.3.2            Deals     238

11.1.2.4 MnM view           239

11.1.2.4.1            Key strengths/Right to win 239

11.1.2.4.2            Strategic choices  239

11.1.2.4.3            Weaknesses/Competitive threats     239

11.1.3    SIEMENS            240

11.1.3.1 Business overview 240

11.1.3.2 Products/Solutions/Services offered 242

11.1.3.3 Recent developments         243

11.1.3.3.1            Product launches/Developments     243

11.1.3.3.2            Deals     245

11.1.3.4 MnM view           246

11.1.3.4.1            Key strengths/Right to win 246

11.1.3.4.2            Strategic choices  246

11.1.3.4.3            Weaknesses/Competitive threats     246

11.1.4    SCHNEIDER ELECTRIC 247

11.1.4.1 Business overview 247

11.1.4.2 Products/Solutions/Services offered 249

11.1.4.3 Recent developments         251

11.1.4.3.1            Product launches/Developments     251

11.1.4.3.2            Deals     252

11.1.4.3.3            Expansions          253

11.1.4.3.4            Others   254

11.1.4.4 MnM view           255

11.1.4.4.1            Key strengths/Right to win 255

11.1.4.4.2            Strategic choices  255

11.1.4.4.3            Weaknesses/Competitive threats     255

11.1.5    HONEYWELL INTERNATIONAL INC.      256

11.1.5.1 Business overview 256

11.1.5.2 Products/Solutions/Services offered 258

11.1.5.3 Recent developments         259

11.1.5.3.1            Product launches/Developments     259

11.1.5.3.2            Deals     259

11.1.5.4 MnM view           261

11.1.5.4.1            Key strengths/Right to win 261

11.1.5.4.2            Strategic choices  261

11.1.5.4.3            Weaknesses/Competitive threats     261

11.1.6    GE VERNOVA    262

11.1.6.1 Business overview 262

11.1.6.2 Products/Solutions/Services offered 262

11.1.6.3 Recent developments         264

11.1.6.3.1            Product launches/Developments     264

11.1.6.3.2            Deals     265

11.1.6.3.3            Others   267

11.1.7    ROCKWELL AUTOMATION        268

11.1.7.1 Business overview 268

11.1.7.2 Products/Solutions/Services offered 269

11.1.7.3 Recent developments         271

11.1.7.3.1            Product launches/Developments     271

11.1.7.3.2            Deals     272

11.1.8    YOKOGAWA ELECTRIC CORPORATION 274

11.1.8.1 Business overview 274

11.1.8.2 Products/Solutions/Services offered 275

11.1.8.3 Recent developments         277

11.1.8.3.1            Product launches/Developments     277

11.1.8.3.2            Deals     278

11.1.9    MITSUBISHI ELECTRIC CORPORATION 280

11.1.9.1 Business overview 280

11.1.9.2 Products/Solutions/Services offered 281

11.1.9.3 Recent developments         282

11.1.9.3.1            Product launches/Developments     282

11.1.9.3.2            Deals     282

11.1.9.3.3            Expansions          284

11.1.10  ENDRESS+HAUSER GROUP SERVICES AG           285

11.1.10.1             Business overview 285

11.1.10.2             Products/Solutions/Services offered 286

11.1.10.3             Recent developments         287

11.1.10.3.1          Product launches/Developments     287

11.1.10.3.2          Deals     289

11.1.10.3.3          Expansions          290

11.1.11  OMRON CORPORATION             291

11.1.11.1             Business overview 291

11.1.11.2             Products/Solutions/Services offered 292

11.1.11.3             Recent developments         293

11.1.11.3.1          Product launches/Developments     293

11.1.11.3.2          Deals     294

11.1.12  THERMO FISHER SCIENTIFIC INC.          296

11.1.12.1             Business overview 296

11.1.12.2             Products/Solutions/Services offered 297

11.1.12.3             Recent developments         298

11.1.12.3.1          Product launches/Developments     298

11.1.12.3.2          Deals     298

11.1.13  FUJI ELECTRIC CO., LTD.           299

11.1.13.1             Business overview 299

11.1.13.2             Products/Solutions/Services offered 301

11.1.13.3             Recent developments         302

11.1.13.3.1          Product launches/Developments     302

11.1.14  HITACHI, LTD. 303

11.1.14.1             Business overview 303

11.1.14.2             Products/Solutions/Services offered 305

11.1.14.3             Recent developments         306

11.1.14.3.1          Product launches/Developments     306

11.1.14.3.2          Deals     306

11.1.15  DELTA ELECTRONICS, INC.       307

11.1.15.1             Business overview 307

11.1.15.2             Products/Solutions/Services offered 308

11.1.15.3             Recent developments         309

11.1.15.3.1          Product launches/Developments     309

11.1.15.3.2          Deals     310

11.2       OTHER PLAYERS           311

11.2.1    HOLLYSYS GROUP BEIJING       311

11.2.2    WIKA ALEXANDER WIEGAND SE & CO. KG          312

11.2.3    AZBIL CORPORATION  313

11.2.4    XYLEM 314

11.2.5    HACH   315

11.2.6    SHIMADZU CORPORATION       316

11.2.7    HIMA    317

11.2.8    AMETEK.INC.   318

11.2.9    CHRISTIAN BÜRKERT GMBH & CO. KG  319

11.2.10  KROHNE            320

11.2.11  DWYER INSTRUMENTS, LLC.     321

11.2.12  ANDRITZ           322

11.2.13  VALMET            323

11.2.14  SPRECHER AUTOMATION GMBH           324

11.2.15  INDUCTIVE AUTOMATION, LLC.            325

12          ADJACENT MARKET      326

12.1       INTRODUCTION            326

12.2       MODULAR AUTOMATION MARKET, BY OFFERING         326

12.2.1    HARDWARE      326

12.2.1.1 Robot controllers 328

12.2.1.1.1            Growing trend of automating repetitive and labor-intensive tasks to drive adoption 328

12.2.1.2 Input/output (I/O) modules            328

12.2.1.2.1            Increasing application for translating digital and analog signals to spur demand 328

12.2.1.3 Drives and motors             329

12.2.1.3.1            Rising need to convert electrical signals into mechanical motion to boost demand 329

12.2.1.4 Sensors and actuators        329

12.2.1.4.1            Growing demand for reliable operation in automation systems to foster segmental growth 329

12.2.1.5 Safety components             329

12.2.1.5.1            Pressing need to ensure workplace safety to elevate adoption    329

12.2.2    SOFTWARE       330

12.2.2.1 Integration of IoT and cloud computing technologies to offer lucrative growth opportunities       330

13          APPENDIX         331

13.1       DISCUSSION GUIDE      331

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             335

13.3       CUSTOMIZATION OPTIONS      337

13.4       RELATED REPORTS       337

13.5       AUTHOR DETAILS         338

LIST OF TABLES

TABLE 1             ROLES OF COMPANIES IN PROCESS AUTOMATION AND INSTRUMENTATION ECOSYSTEM          65

TABLE 2             INDICATIVE PRICING TREND OF PLC OFFERED BY KEY PLAYERS, BY INPUT,

2020–2023 (USD)             68

TABLE 3             INDICATIVE PRICING ANALYSIS OF REMOTE TERMINAL UNITS (USD)   68

TABLE 4             INDICATIVE PRICING TREND OF REMOTE TERMINAL UNITS, BY REGION,

2020–2023 (USD)             69

TABLE 5             AVERAGE SUBSCRIPTION COST OF MES (USD) 70

TABLE 6             INDICATIVE PRICING TREND OF CONVENTIONAL DISTRIBUTED CONTROL SYSTEMS, BY SIZE (USD)         71

TABLE 7             PROCESS AUTOMATION AND INSTRUMENTATION MARKET: PORTER’S FIVE FORCES ANALYSIS         76

TABLE 8             INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY INDUSTRY (%)  79

TABLE 9             KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES    80

TABLE 10           LIST OF APPLIED/GRANTED PATENTS RELATED TO PROCESS AUTOMATION AND INSTRUMENTATION, 2022–2024      87

TABLE 11           PROCESS AUTOMATION AND INSTRUMENTATION MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025            90

TABLE 12           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         92

TABLE 13           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         92

TABLE 14           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         93

TABLE 15           ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         93

TABLE 16           COMPARISON OF WIRELESS COMMUNICATION PROTOCOLS              100

TABLE 17           IMPACT OF AI/GENERATIVE AI ON PROCESS AUTOMATION AND INSTRUMENTATION MARKET       101

TABLE 18           PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT AND SOLUTION, 2020–2023 (USD MILLION)    107

TABLE 19           PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT AND SOLUTION, 2024–2029 (USD MILLION)    107

TABLE 20           PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2020–2023 (USD MILLION)      108

TABLE 21           PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2024–2029 (USD MILLION)      108

TABLE 22           FIELD INSTRUMENTS: TYPES OF TRANSMITTERS USED IN PROCESS INDUSTRIES  109

TABLE 23           FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE, 2020–2023 (USD MILLION)        110

TABLE 24           FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE, 2024–2029 (USD MILLION)        110

TABLE 25           FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)              110

TABLE 26           FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)              111

TABLE 27           FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)   111

TABLE 28           FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)   111

TABLE 29           LEVEL TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)              113

TABLE 30           LEVEL TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)              113

TABLE 31           LEVEL TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)   114

TABLE 32           LEVEL TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)   114

TABLE 33           PRESSURE TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)              116

TABLE 34           PRESSURE TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)              116

TABLE 35           PRESSURE TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)   117

TABLE 36           PRESSURE TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)   117

TABLE 37           TEMPERATURE TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)              118

TABLE 38           TEMPERATURE TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)              119

TABLE 39           TEMPERATURE TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)              119

TABLE 40           TEMPERATURE TRANSMITTERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)              119

TABLE 41           OTHER FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)              121

TABLE 42           OTHER FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)              122

TABLE 43           OTHER FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)   122

TABLE 44           OTHER FIELD INSTRUMENTS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)   122

TABLE 45           PROCESS ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)              124

TABLE 46           PROCESS ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)              124

TABLE 47           PROCESS ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)   125

TABLE 48           PROCESS ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)   125

TABLE 49           PROCESS ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE, 2020–2023 (USD MILLION)        128

TABLE 50           PROCESS ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY TYPE, 2024–2029 (USD MILLION)        129

TABLE 51           GAS ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY TYPE, 2020–2023 (USD MILLION)       129

TABLE 52           GAS ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY TYPE, 2024–2029 (USD MILLION)       129

TABLE 53           LIQUID ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY TYPE, 2020–2023 (USD MILLION)       130

TABLE 54           LIQUID ANALYZERS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY TYPE, 2024–2029 (USD MILLION)       130

TABLE 55           PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION,

2020–2023 (USD MILLION)          134

TABLE 56           PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION,

2024–2029 (USD MILLION)          134

TABLE 57           SOLUTIONS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY INDUSTRY, 2020–2023 (USD MILLION)           135

TABLE 58           SOLUTIONS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY INDUSTRY, 2024–2029 (USD MILLION)           135

TABLE 59           SOLUTIONS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY REGION, 2020–2023 (USD MILLION)  136

TABLE 60           SOLUTIONS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY REGION, 2024–2029 (USD MILLION)  136

TABLE 61           PLC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)        137

TABLE 62           PLC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)        138

TABLE 63           PLC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)            138

TABLE 64           PLC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)            138

TABLE 65           DCS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)        140

TABLE 66           DCS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)        140

TABLE 67           DCS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)            141

TABLE 68           DCS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)            141

TABLE 69           DCS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY OFFERING, 2020–2023 (USD MILLION)        142

TABLE 70           DCS: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY OFFERING, 2024–2029 (USD MILLION)        142

TABLE 71           SCADA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)        144

TABLE 72           SCADA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)        144

TABLE 73           SCADA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)            145

TABLE 74           SCADA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)            145

TABLE 75           SCADA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY OFFERING, 2020–2023 (USD MILLION)        146

TABLE 76           SCADA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY OFFERING, 2024–2029 (USD MILLION)        147

TABLE 77           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)        148

TABLE 78           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)        148

TABLE 79           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)            149

TABLE 80           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)            149

TABLE 81           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

2020–2023 (THOUSAND UNITS) 150

TABLE 82           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

2024–2029 (THOUSAND UNITS) 150

TABLE 83           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY OFFERING, 2020–2023 (USD MILLION)        151

TABLE 84           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY OFFERING, 2024–2029 (USD MILLION)        151

TABLE 85           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY HARDWARE TYPE, 2020–2023 (USD MILLION)         152

TABLE 86           HMI: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY HARDWARE TYPE, 2024–2029 (USD MILLION)         152

TABLE 87           FUNCTIONAL SAFETY: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)              153

TABLE 88           FUNCTIONAL SAFETY: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)              154

TABLE 89           FUNCTIONAL SAFETY: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)   154

TABLE 90           FUNCTIONAL SAFETY: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)   154

TABLE 91           MES: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)        156

TABLE 92           MES: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)        156

TABLE 93           MES: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)            157

TABLE 94           MES: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)            157

TABLE 95           MES: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY OFFERING, 2020–2023 (USD MILLION)        158

TABLE 96           MES: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY OFFERING, 2024–2029 (USD MILLION)        158

TABLE 97           PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY,

2020–2023 (USD MILLION)          161

TABLE 98           PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY,

2024–2029 (USD MILLION)          162

TABLE 99           PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION,

2020–2023 (USD MILLION)          172

TABLE 100         PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION,

2024–2029 (USD MILLION)          172

TABLE 101         NORTH AMERICA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY SOLUTION, 2020–2023 (USD MILLION)           175

TABLE 102         NORTH AMERICA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY SOLUTION, 2024–2029 (USD MILLION)           175

TABLE 103         NORTH AMERICA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY INSTRUMENT, 2020–2023 (USD MILLION)      175

TABLE 104         NORTH AMERICA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY INSTRUMENT, 2024–2029 (USD MILLION)      176

TABLE 105         NORTH AMERICA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            176

TABLE 106         NORTH AMERICA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            177

TABLE 107         EUROPE: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2020–2023 (USD MILLION)       182

TABLE 108         EUROPE: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2024–2029 (USD MILLION)       182

TABLE 109         EUROPE: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY INSTRUMENT, 2020–2023 (USD MILLION)      182

TABLE 110         EUROPE: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY INSTRUMENT, 2024–2029 (USD MILLION)      183

TABLE 111         EUROPE: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)         183

TABLE 112         EUROPE: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)         184

TABLE 113         ASIA PACIFIC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY SOLUTION, 2020–2023 (USD MILLION)           189

TABLE 114         ASIA PACIFIC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY SOLUTION, 2024–2029 (USD MILLION)           189

TABLE 115         ASIA PACIFIC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY INSTRUMENT, 2020–2023 (USD MILLION)      189

TABLE 116         ASIA PACIFIC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY INSTRUMENT, 2024–2029 (USD MILLION)      190

TABLE 117         ASIA PACIFIC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            190

TABLE 118         ASIA PACIFIC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            191

TABLE 119         ROW: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2020–2023 (USD MILLION)       194

TABLE 120         ROW: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION, 2024–2029 (USD MILLION)       195

TABLE 121         ROW: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2020–2023 (USD MILLION)  195

TABLE 122         ROW: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT, 2024–2029 (USD MILLION)  195

TABLE 123         ROW: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2020–2023 (USD MILLION)            196

TABLE 124         ROW: PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION, 2024–2029 (USD MILLION)            196

TABLE 125         MIDDLE EAST: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY COUNTRY, 2020–2023 (USD MILLION)            198

TABLE 126         MIDDLE EAST: PROCESS AUTOMATION AND INSTRUMENTATION MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)            198

TABLE 127         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023     201

TABLE 128         MES MARKET SHARE: DEGREE OF COMPETITION, 2023 205

TABLE 129         SCADA MARKET SHARE: DEGREE OF COMPETITION, 2023              205

TABLE 130         PROCESS AUTOMATION AND INSTRUMENTATION: SOLUTION FOOTPRINT             212

TABLE 131         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: INSTRUMENT FOOTPRINT        213

TABLE 132         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: INDUSTRY FOOTPRINT 214

TABLE 133         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: REGION FOOTPRINT    216

TABLE 134         PROCESS AUTOMATION AND INSTRUMENTATION MARKET:

LIST OF KEY STARTUPS/SMES  219

TABLE 135         PROCESS AUTOMATION AND INSTRUMENTATION MARKET:

COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES         220

TABLE 136         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, JANUARY 2020–JANUARY 2024 221

TABLE 137         PROCESS AUTOMATION AND INSTRUMENTATION MARKET:

DEALS, JANUARY 2020–JANUARY 2024    222

TABLE 138         PROCESS AUTOMATION AND INSTRUMENTATION MARKET:

EXPANSIONS, JANUARY 2020–JANUARY 2024      224

TABLE 139         PROCESS AUTOMATION AND INSTRUMENTATION MARKET:

OTHERS, JANUARY 2020–2024    225

TABLE 140         ABB: COMPANY OVERVIEW       226

TABLE 141         ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED        227

TABLE 142         ABB: PRODUCT LAUNCHES/DEVELOPMENTS   229

TABLE 143         ABB: DEALS      230

TABLE 144         EMERSON ELECTRIC CO.: COMPANY OVERVIEW            233

TABLE 145         EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          234

TABLE 146         EMERSON ELECTRIC CO.: PRODUCT LAUNCHES/DEVELOPMENTS   236

TABLE 147         EMERSON ELECTRIC CO.: DEALS           238

TABLE 148         SIEMENS: COMPANY OVERVIEW            240

TABLE 149         SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              242

TABLE 150         SIEMENS: PRODUCT LAUNCHES/DEVELOPMENTS        243

TABLE 151         SIEMENS: DEALS            245

TABLE 152         SCHNEIDER ELECTRIC: COMPANY OVERVIEW  248

TABLE 153         SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          249

TABLE 154         SCHNEIDER ELECTRIC: PRODUCT LAUNCHES/DEVELOPMENTS   251

TABLE 155         SCHNEIDER ELECTRIC: DEALS 252

TABLE 156         SCHNEIDER ELECTRIC: EXPANSIONS    253

TABLE 157         SCHNEIDER ELECTRIC: OTHERS            254

TABLE 158         HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW              257

TABLE 159         HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   258

TABLE 160         HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES/DEVELOPMENTS   259

TABLE 161         HONEYWELL INTERNATIONAL INC.: DEALS      259

TABLE 162         GE VERNOVA: COMPANY OVERVIEW    262

TABLE 163         GE VERNOVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              262

TABLE 164         GE VERNOVA: PRODUCT LAUNCHES/DEVELOPMENTS 264

TABLE 165         GE VERNOVA: DEALS    265

TABLE 166         GE VERNOVA: OTHERS 267

TABLE 167         ROCKWELL AUTOMATION: COMPANY OVERVIEW        268

TABLE 168         ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   269

TABLE 169         ROCKWELL AUTOMATION: PRODUCT LAUNCHES/DEVELOPMENTS   271

TABLE 170         ROCKWELL AUTOMATION: DEALS        272

TABLE 171         YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW              274

TABLE 172         YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   275

TABLE 173         YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS   277

TABLE 174         YOKOGAWA ELECTRIC CORPORATION: DEALS 278

TABLE 175         MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW              280

TABLE 176         MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   281

TABLE 177         MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS   282

TABLE 178         MITSUBISHI ELECTRIC CORPORATION: DEALS 282

TABLE 179         MITSUBISHI ELECTRIC CORPORATION: EXPANSIONS   284

TABLE 180         ENDRESS+HAUSER GROUP SERVICES AG: COMPANY OVERVIEW        285

TABLE 181         ENDRESS+HAUSER GROUP SERVICES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED   286

TABLE 182         ENDRESS+HAUSER GROUP SERVICES AG: PRODUCT LAUNCHES/DEVELOPMENTS   287

TABLE 183         ENDRESS+HAUSER GROUP SERVICES AG: DEALS           289

TABLE 184         ENDRESS+HAUSER GROUP SERVICES AG: EXPANSIONS 290

TABLE 185         OMRON CORPORATION: COMPANY OVERVIEW             291

TABLE 186         OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          292

TABLE 187         OMRON CORPORATION: PRODUCT LAUNCHES/DEVELOPMENTS   293

TABLE 188         OMRON CORPORATION: DEALS             294

TABLE 189         THERMO FISHER SCIENTIFIC INC.: COMPANY OVERVIEW              296

TABLE 190         THERMO FISHER SCIENTIFIC INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   297

TABLE 191         THERMO FISHER SCIENTIFIC INC.: PRODUCT LAUNCHES/DEVELOPMENTS   298

TABLE 192         THERMO FISHER SCIENTIFIC INC.: DEALS          298

TABLE 193         FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW            299

TABLE 194         FUJI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          301

TABLE 195         FUJI ELECTRIC CO., LTD.: PRODUCT LAUNCHES/DEVELOPMENTS   302

TABLE 196         HITACHI, LTD.: COMPANY OVERVIEW  303

TABLE 197         HITACHI, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              305

TABLE 198         HITACHI, LTD.: PRODUCT LAUNCHES/DEVELOPMENTS              306

TABLE 199         HITACHI, LTD.: DEALS 306

TABLE 200         DELTA ELECTRONICS, INC.: COMPANY OVERVIEW        307

TABLE 201         DELTA ELECTRONICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   308

TABLE 202         DELTA ELECTRONICS, INC.: PRODUCT LAUNCHES/DEVELOPMENTS   309

TABLE 203         DELTA ELECTRONICS, INC.: DEALS       310

TABLE 204         MODULAR AUTOMATION MARKET, BY OFFERING, 2020–2023 (USD MILLION) 326

TABLE 205         MODULAR AUTOMATION MARKET, BY OFFERING, 2024–2029 (USD MILLION) 326

TABLE 206         HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE,

2020–2023 (USD MILLION)          327

TABLE 207         HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE,

2024–2029 (USD MILLION)          327

TABLE 208         HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE,

2020–2023 (THOUSAND UNITS) 327

TABLE 209         HARDWARE: MODULAR AUTOMATION MARKET, BY TYPE,

2024–2029 (THOUSAND UNITS) 328

LIST OF FIGURES

FIGURE 1           PROCESS AUTOMATION AND INSTRUMENTATION MARKET SEGMENTATION AND REGIONAL SCOPE           28

FIGURE 2           PROCESS AUTOMATION AND INSTRUMENTATION MARKET: RESEARCH FLOW           32

FIGURE 3           PROCESS AUTOMATION AND INSTRUMENTATION MARKET: RESEARCH DESIGN       33

FIGURE 4           PROCESS AUTOMATION AND INSTRUMENTATION MARKET: BOTTOM-UP APPROACH           39

FIGURE 5           PROCESS AUTOMATION AND INSTRUMENTATION MARKET: TOP-DOWN APPROACH             39

FIGURE 6           PROCESS AUTOMATION AND INSTRUMENTATION MARKET: SUPPLY-SIDE ANALYSIS             40

FIGURE 7           DATA TRIANGULATION             41

FIGURE 8           DCS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024              45

FIGURE 9           FIELD INSTRUMENTS SEGMENT TO CAPTURE LARGER MARKET SHARE IN 2024 45

FIGURE 10         OIL & GAS SEGMENT TO DOMINATE MARKET IN 2024   46

FIGURE 11         ASIA PACIFIC TO COMMAND MARKET IN 2024  47

FIGURE 12         GROWING DEMAND FOR HIGH OPERATIONAL EFFICIENCY WITH REDUCED COSTS TO DRIVE MARKET      48

FIGURE 13         HMI SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       48

FIGURE 14         OIL & GAS SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029 49

FIGURE 15         DCS SEGMENT AND CHINA TO DOMINATE MARKET IN 2024              49

FIGURE 16         PROCESS ANALYZERS SEGMENT TO LEAD MARKET IN 2029              50

FIGURE 17         CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL PROCESS AUTOMATION AND INSTRUMENTATION MARKET DURING FORECAST PERIOD              50

FIGURE 18         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    52

FIGURE 19         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: IMPACT ANALYSIS OF DRIVERS 55

FIGURE 20         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: IMPACT ANALYSIS OF RESTRAINTS       57

FIGURE 21         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: IMPACT ANALYSIS OF OPPORTUNITIES             59

FIGURE 22         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: IMPACT ANALYSIS OF CHALLENGES     60

FIGURE 23         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: VALUE CHAIN ANALYSIS            61

FIGURE 24         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: ECOSYSTEM ANALYSIS 64

FIGURE 25         INVESTMENT AND FUNDING SCENARIO            66

FIGURE 26         INDICATIVE PRICING TREND OF KEY PLAYERS FOR PLC, BY INPUT  67

FIGURE 27         SCADA MARKET: INDICATIVE PRICING TREND, 2020–2023              69

FIGURE 28         INDICATIVE PRICING TREND OF PORTABLE PROJECTORS, BY REGION, 2020–2023        70

FIGURE 29         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS              72

FIGURE 30         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: PORTER’S FIVE FORCES ANALYSIS         76

FIGURE 31         INFLUENCE OF STAKEHOLDERS ON BUYING, BY INDUSTRY              78

FIGURE 32         BUYING CRITERIA, BY INDUSTRY           79

FIGURE 33         IMPORT DATA FOR HS CODE 9026-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD MILLION)          84

FIGURE 34         EXPORT DATA FOR HS CODE 9026-COMPLIANT PRODUCTS, BY COUNTRY,

2019–2023 (USD MILLION)          85

FIGURE 35         PATENTS APPLIED AND GRANTED, 2014–2023   86

FIGURE 36         WIRED COMMUNICATION PROTOCOLS             98

FIGURE 37         PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT           106

FIGURE 38         SOLUTIONS SEGMENT TO LEAD MARKET IN 2024          107

FIGURE 39         PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION   133

FIGURE 40         DCS SEGMENT TO DOMINATE MARKET IN 2024             133

FIGURE 41         PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY   160

FIGURE 42         OIL & GAS INDUSTRY SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029 161

FIGURE 43         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: REGIONAL SCOPE         171

FIGURE 44         GLOBAL PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY COUNTRY 173

FIGURE 45         NORTH AMERICA: PROCESS AUTOMATION AND INSTRUMENTATION MARKET SNAPSHOT         174

FIGURE 46         US TO DOMINATE NORTH AMERICAN MARKET IN 2024 176

FIGURE 47         EUROPE: PROCESS AUTOMATION AND INSTRUMENTATION MARKET SNAPSHOT     181

FIGURE 48         GERMANY TO ACCOUNT FOR LARGEST MARKET SHARE OF EUROPEAN

MARKET IN 2029             183

FIGURE 49         ASIA PACIFIC: PROCESS AUTOMATION AND INSTRUMENTATION MARKET SNAPSHOT         188

FIGURE 50         CHINA TO REGISTER HIGHEST GROWTH RATE IN ASIA PACIFIC MARKET DURING FORECAST PERIOD 190

FIGURE 51         MIDDLE EAST TO COMMAND MARKET IN ROW REGION IN 2024      196

FIGURE 52         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023   203

FIGURE 53         MES MARKET SHARE ANALYSIS, 2023     204

FIGURE 54         SCADA MARKET SHARE ANALYSIS, 2023 206

FIGURE 55         COMPANY VALUATION, 2024 (USD MILLION)    207

FIGURE 56         FINANCIAL METRICS, 2024 (EV/EBITDA)            208

FIGURE 57         BRAND/PRODUCT COMPARISON          208

FIGURE 58         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 210

FIGURE 59         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: COMPANY FOOTPRINT 211

FIGURE 60         PROCESS AUTOMATION AND INSTRUMENTATION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023        218

FIGURE 61         ABB: COMPANY SNAPSHOT       227

FIGURE 62         EMERSON ELECTRIC CO.: COMPANY SNAPSHOT            234

FIGURE 63         SIEMENS: COMPANY SNAPSHOT            241

FIGURE 64         SCHNEIDER ELECTRIC: COMPANY SNAPSHOT  248

FIGURE 65         HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT              257

FIGURE 66         ROCKWELL AUTOMATION: COMPANY SNAPSHOT        269

FIGURE 67         YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT              275

FIGURE 68         MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT              281

FIGURE 69         ENDRESS+HAUSER GROUP SERVICES AG: COMPANY SNAPSHOT        286

FIGURE 70         OMRON CORPORATION: COMPANY SNAPSHOT             292

FIGURE 71         THERMO FISHER SCIENTIFIC INC.: COMPANY SNAPSHOT              297

FIGURE 72         FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT            300

FIGURE 73         HITACHI, LTD.: COMPANY SNAPSHOT 304

FIGURE 74         DELTA ELECTRONICS, INC.: COMPANY SNAPSHOT       308