Global Process Automation Market
Process Automation Market size is evaluated at USD 94.5 billion in 2024 and is set to cross USD 209.2 billion by the end of 2037, registering more than 6.3% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of process automation is estimated at USD 99.9 billion.
The market is anticipated to rise steadily as process automation plays a critical role in operational efficiency and smooth business processes. Multiple industry verticals are trying to minimize the scope of manual interference and maximize process optimization via automation solutions. Some other critical drivers include growing IoT adoption, AI, and machine learning to empower better decision-making and improved performance. Automation also supports digital transformation strategies. This allows flexibility for businesses to scale their operations with minimum human effort.
Furthermore, the latest solution launches by several major companies are driving growth in the process automation market. For instance, in August 2024, Emerson Electric Co. launched a next-generation automation platform targeted at improving operational performance with the integration of AI into control systems. Several other players are also working toward extending their automation portfolio into advanced robotics and digital solutions for the manufacturing industries. The development represents a continuous activity of major market operators to support their competitive advantage.
Growth Drivers:
Challenges:
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.3% |
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Base Year Market Size (2024) |
USD 94.5 billion |
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Forecast Year Market Size (2037) |
USD 209.2 billion |
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Regional Scope |
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Application (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Machine Execution System (MES), Valves and Actuators)
By application, the supervisory control and data acquisition (SCADA) system is foreseen to lead the market through 2037, owing to its capacity for real-time monitoring of vital sectors like energy and utilities. In March 2024, Yokogawa Electric Corporation launched an AI-enabled SCADA system that will help enhance fault detection and process optimization to further support its market leadership. With the ability to handle complex processes for granular analytics, SCADA has become vital for industries that want to attain operational control. Its application for critical infrastructure makes SCADA a vital enabler in the process automation market.
End use Industry (Banking, Financial Services and Insurance (BFSI), Healthcare and Pharmaceutical, Oil and Gas, Renewable Utilities & Power Industry, Food and Beverages, IT & Telecommunication, Chemical, Others)
Oil and gas segment in the process automation market is expected to observe over 6.1% growth through 2037. Process automation enhances overall efficiency in oil and gas industry by optimizing elaborative processes and bringing down human interference and downtimes. With the global demand for energy still growing, there is increased acceptance of automation in the oil and gas industry to expand production capacity. The adoption of process automation enables players in the oil and gas sector to remain competitive in response to growing energy demands at the highest levels of safety and reliability. Such strategic investment in automation not only supports higher productivity but also helps enable more cost-effective and streamlined processes within the sector.
Our in-depth analysis of the market includes the following segments:
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North America Market Analysis
North America is anticipated to lead the process automation market, where the U.S. and Canada are leading in adopting automation technologies. The growing urge to enhance operational productivity, coupled with labor scarcity and thereby driving digital transformation by the region, fuels massive investments related to automation. AI, integrated machine learning, and cloud technologies into the automation systems propel optimization of operations, cost reduction, and better decision-making for businesses. In North America, automation has remained a key strategy toward efficiency and competitiveness.
The U.S. is anticipated to dominate the North America process automation market, due to the rising automation to work out labor shortages and increase productivity. Businesses, particularly in the manufacturing, logistics, and energy sectors, make use of automation to ease business operations as much as possible and maximize the supply chain. In April 2024, Honeywell introduced a new cloud-based automation platform to help optimize supply chain logistics and make their responses quicker against changing market conditions. This platform combines real-time data analytics with machine learning, thereby giving flexibility and greater control over operations to businesses.
Canada is also going through rapid growth in the process automation market, majorly in the natural resources of the country. In August 2024, Suncor Energy reportedly adopted automated systems to ensure smoother production without certain operational costs involving oil extraction and processing. Such technologies enable higher productivity among firms with minimum human intervention in these dangerous environments. While the government continues to invest in the development of its industrial infrastructure, the application of advanced automation solutions is expected to further gain momentum in the country.
APEJ Market Statistics
Asia Pacific excluding Japan process automation market is poised to register around 6.9% growth till 2037 due to the rising demand for efficiency in operations from major sectors like manufacturing and energy. India and China are witnessing a spike in automation adoption in the region on the back of rising labor costs and a productivity enhancement drive. The expanding industrial base in the region and rising adoption of automation in industries such as automotive and pharmaceuticals coupled with energy industries have been one of the major reasons for this growth.
The expanding industrial base of India has made the country a vital player in the process automation market within Asia Pacific. Indian businesses are fast-tracking automation technologies to further improve productivity while concurrently lowering operational costs. In September 2024, Tata Consultancy Services announced the prioritization of automotive labs and a new automation platform that will likely change the way automotive operations in India are performed. The new system uses AI and data analytics within manufacturing to further optimize output and create leaner supply chains.
China continues to be a global leader in manufacturing and a significant contributor to process automation. The government in China is very supportive of the initiative for smart manufacturing; hence, automation technologies are widely being applied in different industries. The government also launched the Made in China 2025 plan to incorporate automation into manufacturing for further industrial productivity and competitiveness. Such initiatives are likely to boost the pace of adopting smart factories. Such initiatives are bound to make China's position in the global process automation landscape stronger with sustained leadership through 2037.
The market of process automation is highly competitive and fragmented, with players such as ABB Ltd, Emerson Electric Co., Siemens AG, and Honeywell International Inc. These companies are targeting AI-enabled automation systems and cloud-based solutions to meet the demand for intelligent and more effective processes. Strategic partnerships are also in the spotlight to fortify their market position. Further, the companies invest in R&D and machine learning to increase their offerings of advanced automation solutions, which is a competitive advantage for the companies.
In August 2023, Rockwell Automation extended its relationship with Microsoft by integrating its automation platform into Azure IoT to further enhance connectivity and drive analytics. This points out the significant contribution that cloud technology brings in ensuring wider diffusion of automation across industries. This will help organizations develop insights through advanced analytics, ensure real-time monitoring, and optimize their operations to accelerate the digital transformation of industrial operations.
Here are some leading companies in the process automation market:
Author Credits: Richa Gupta
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