Process Automation Market Segmentation:
Application Segment Analysis
By application, the supervisory control and data acquisition (SCADA) system is foreseen to lead the market through 2035, 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 Segment Analysis
Oil and gas segment in the process automation market is expected to observe lucrative growth through 2035. 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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