Global Process Automation Market
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.
Author Credits: Richa Gupta
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