Summary

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%. 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.

"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.

“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.

“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%

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.

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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