Industrial Control for Process Automation Market

Industrial Control for Process Automation Market (2023 – 2028)

The Global Industrial control for the process automation market size was valued at about USD 105 billion in 2022 and is predicted to succeed in USD 165.44 billion by 2028, expanding at a CAGR of around 9% over the forecast period 2023 – 2028.

Market Overview:

The advent of technology in the past few years has enabled the coupling of mechanical devices with computer-based systems, allowing the latter to work and control production. This has resulted in the development of automated equipment, capable of generating significantly higher production rates, effortless monitoring, and reduced wastage over traditional machines.

The Internet of Things (IoT) and Industrial 4.0 are dominating trends within the industrial sector, with machinery and devices being connected via the web. The amount of IoT-connected devices rose to 20.35 billion in 2017 from 15.41 billion in 2015 and is predicted to succeed in 51.11 billion by 2023, given the massive push from the investment of the technology providers through continuous research and development. To work these increasing numbers of connected devices and machine-to-machine connections within the manufacturing industry, the necessity for control and supervision is predicted to become more prominent, which will promote the rise of network-connected and controlled devices and systems.

Recent Developments in Industrial Control for Process Automation Industry:

• SIMATIC PCS 7 version 9 comprehensively supports PROFINET, which provides the prerequisites for persuasive, plant-wide communication in real-time, which is indispensable within the era of massive data. Also, it is considered as a key to the end-to-end diagnostics, monitoring, and evaluation of process-relevant information. PROFINET also allows you to create flexible and only scalable network structures. There are further advantages: cost savings across the whole flower cycle because your wiring costs are such a lot lower, and since freely scalable redundancy allows you to set your plant availability individually.
• ABB Ability™ System 800xA is not only a DCS (Distributed system) but also an Electrical Control System, a security system, and a collaboration enabler with the capacity to enhance engineering efficiency, operator performance, and asset utilization.
• Canadian Forest Products Ltd. implemented DeltaV Predict advanced control, a part of the DeltaV™ digital process automation from Emersonat its Northwood pulp mill in Prince George, British Columbia. The upgraded controls were installed to enhance control and lower operating costs by reducing fuel consumption and variability on one of two lime kiln process units.

REPORT COVERAGE:

Drivers:

The primary factor driving the expansion of the global industrial control for process automation market is the increasing utilization of enabling technologies in manufacturing, rising adoption of commercial robots within the manufacturing sector driven by collaborative robots, connected enterprise alongside production to cater to increasing population, and government initiatives toward the adoption of industrial automation in various enterprises. 

The rising cost of labor, including the immense pressure on manufacturers to satisfy deadlines, has resulted in the increased adoption of automation in factories. Additionally, factors like improved efficiency and reduction in production costs, compared to the traditional manufacturing process, are boosting the adoption of automation, which is acting as a driver for industrial control for the process automation market.

Restraints:

However, the operations of DCS, PLC, SCADA, and MES are complex and need a highly-skilled workforce. Furthermore, initial investment related to a traverse from an assembly line through an automated production line is predicted to be high. Alongside it, the value involved in training the workers with the usage of the new sophisticated equipment is additionally added, which might be unaffordable for small- and medium-sized end users. These factors are hindering the market expansion to some extent.

Industrial Control for Process Automation Market Segmentation Analysis:

By System:

• Supervisory Control and Data Acquisition System (SCADA)
• Distributed Control System (DCS)
• Programmable Logic Controller (PLC)
• Machine Execution System (MES)
• Product Lifecycle Management (PLM)
• Enterprise Resource Planning (ERP)
• Human Machine Interface (HMI)
• Other Systems

Of these, the SCADA and ERP segments are predicted to expand with a considerable growth rate in the coming years, attributing to their increased adoption in end-user verticals.

By End-User:

• Oil and Gas
• Chemical and Petrochemical
• Power
• Food and Beverage
• Life Sciences
• Metals and Mining
• Water and Wastewater,
• Pulp and Paper
• Others

The numerous processes within the paper and pulp industry require the raw materials to undergo tons of process with close monitoring of temperature and chemical content and therefore the process automation allows to realize an equivalent from one location through the method automation. The paper and related products have seen a rise within the past five years. Therefore, the demand is predicted to point out similar trends with the increase in demand from Asian, North American, and European regions over the forecast period. These regions are expected to further drive the market within the paper and pulp industry for increased process adoption.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Region Analysis:

Industrial control for process automation in developed regions like Europe and North America has reached saturation due to the first adoption of technological innovations. Hence, the foremost robust growth opportunity lies in emerging economies, like the Asian countries. Due to the increasing adoption of automation technologies and technological innovation in various industries, the Asia Pacific industrial control for the process automation market is predicted to carry the best market share within the global business in the coming years.

Key Players in the Market:

Major Key Players in the Global Industrial Control for Process Automation Market are

• Schneider Electric SE
• Siemens AG
• ABB Limited
• Emerson Electric Co.
• Omron Corporation
• Rockwell Automation Inc.
• Honeywell International Inc.
• Yokogawa Electric Corporation
• GLC Controls Inc.
• Mitsubishi Electric Corporation