The Latest Process Automation Industry Statistics Explained
The global process automation market size was valued at USD 76.83 billion in 2019.
The statistic states that the global process automation market was valued at USD 76.83 billion in 2019. This figure represents the overall worth of the market in terms of revenue generated from process automation technology and services. Process automation involves the use of technology to automate repetitive tasks and streamline operations in various industries such as manufacturing, healthcare, and banking. The market size provides insight into the scale and importance of process automation solutions on a global level, indicating the significant investment and adoption of these technologies by businesses seeking to improve efficiency, reduce costs, and enhance productivity in their operations.
The process automation & instrumentation industry is expected to grow at a CAGR of 6.5% from 2020 to 2025.
The statement indicates that the process automation & instrumentation industry is projected to experience a Compound Annual Growth Rate (CAGR) of 6.5% between 2020 and 2025. This suggests that over the five-year period, the industry is anticipated to expand steadily at an average annual rate of 6.5%. Such growth may be driven by factors like technological advancements, increasing demand for automation solutions in various sectors, and the pursuit of operational efficiency. The CAGR provides a standardized measure to assess the industry’s growth rate over time, offering insights into its long-term performance and potential opportunities for businesses operating in this sector.
The largest region in the global process automation and controls market is Asia-Pacific, accounting for around 35% of the total market.
The statistic indicates that Asia-Pacific is the dominant region in the global process automation and controls market, constituting approximately 35% of the market share. This implies that a significant portion of the industry’s activities, including the production and sales of automation and control systems, is concentrated in Asia-Pacific. The region’s large market share could stem from factors such as rapid industrialization, technological advancements, and increasing demand for automation solutions in various sectors. As a result, businesses operating in the process automation and controls market may pay particular attention to the Asia-Pacific region for growth opportunities and market expansion strategies.
The Food & Beverages sector is expected to grow at an annual rate of 7.4% in process automation.
The statistic “The Food & Beverages sector is expected to grow at an annual rate of 7.4% in process automation” indicates that within the Food & Beverages industry, there is a projected growth rate of 7.4% per year specifically in the adoption and implementation of automation processes. This suggests that companies in this sector are increasingly turning to automation technologies to streamline their operations, improve efficiency, reduce costs, and enhance overall productivity. The trend towards process automation in the Food & Beverages sector is likely driven by factors such as the need to meet increasing consumer demands, comply with industry regulations, and stay competitive in a rapidly changing market landscape. This statistic signals a significant opportunity for businesses to invest in automation solutions to drive growth and stay ahead of the curve in the industry.
Up to 85% of manual processes could be automated by today’s technology.
This statistic suggests that a significant portion of manual tasks currently being performed by humans could be replaced or streamlined through the implementation of technology available today. By automating up to 85% of these processes, organizations can potentially increase efficiency, reduce errors, and free up human resources to focus on more value-added activities. Automation technologies such as artificial intelligence, robotics, and process automation software have advanced to the point where they can effectively handle a wide range of routine and repetitive tasks that were traditionally performed manually. Embracing automation in businesses can lead to cost savings, improved productivity, and a competitive edge in today’s rapidly evolving digital landscape.
The discrete industries segment is slated to reach a value of USD 31.26 billion in the process automation market by 2026.
The statistic indicates that the discrete industries segment is projected to achieve significant growth within the process automation market, with an estimated value of USD 31.26 billion by the year 2026. This suggests a strong potential for investment and expansion opportunities within this particular sector. The term “discrete industries” typically refers to manufacturing processes that involve the production of distinct, separate units such as individual parts or products. The forecasted value represents the anticipated market size and revenue generated specifically within this segment, highlighting the growing demand and adoption of automation technologies within the discrete industries sector.
North America is projected to witness a growth rate of 7.2% in the process automation industry from 2020 to 2027.
The statistic indicates that the process automation industry in North America is forecasted to experience a substantial growth rate of 7.2% between the years 2020 and 2027. This growth rate suggests a positive trajectory for the industry, which encompasses the implementation of technology and systems to automate industrial processes for increased efficiency and productivity. Factors such as advancements in technology, increasing demand for automation solutions, and a focus on improving operational processes are likely contributing to this projected growth in North America. This statistic highlights the potential opportunities for businesses operating in the process automation sector in the region over the specified timeframe.
The oil & gas industry is expected to see significant investment in automation processes, with a projected CAGR of 7.5% from 2021 to 2026.
The statistic indicates that the oil & gas industry is anticipated to experience a substantial increase in investment dedicated to automation processes over the period of 2021 to 2026, with a projected Compound Annual Growth Rate (CAGR) of 7.5%. This suggests a continuous and steady rise in the adoption and implementation of automated technologies within the sector, aiming to enhance operational efficiencies, reduce costs, and improve overall productivity. The expected growth rate highlights the industry’s shift towards embracing automation solutions to streamline various processes and keep pace with technological advancements, ultimately aiming to drive innovation and competitiveness within the oil & gas sector.
By 2022, companies using artificial intelligence for their process automation will see operational costs decline by 60%.
The statistic indicates that by the year 2022, companies that implement artificial intelligence technology for their process automation will experience a significant reduction in operational costs. Specifically, the statistic suggests that these companies can anticipate a remarkable 60% decrease in their operational expenses as a direct result of leveraging AI solutions. This projection underscores the potential efficiencies and cost-saving benefits that AI technology can bring to businesses across various industries. By automating and streamlining processes through artificial intelligence, organizations can optimize their operations, enhance productivity, and ultimately reduce their overall expenditures substantially.
The PLC (Programmable Logic Control) segment was valued at USD 41.37 billion in 2018 in the process automation industry.
The statistic indicates that the Programmable Logic Control (PLC) segment of the process automation industry had a market value of USD 41.37 billion in 2018. This suggests that PLCs, which are specialized industrial computers used for controlling manufacturing processes and machinery, were in high demand within the automation sector during that year. The significant market value reflects the widespread adoption of PLC technology across various industries to enhance efficiency, productivity, and precision in manufacturing processes. This statistic serves as an important indicator of the considerable market size and growth potential of PLCs within the process automation industry in 2018.
The pharmaceutical industry is expected to hold a considerable share in the process automation market with a CAGR of around 8% during the forecast period.
This statistic indicates that the pharmaceutical industry is projected to have a significant presence in the process automation market, with a Compound Annual Growth Rate (CAGR) of approximately 8% expected over the forecast period. This implies that automation technologies are increasingly being adopted by pharmaceutical companies to streamline their manufacturing processes, improve efficiency, and enhance productivity. The steady growth rate suggests that the pharmaceutical industry recognizes the benefits of automation in driving operational excellence, ensuring regulatory compliance, and ultimately delivering high-quality products to meet the demands of the market. Overall, the statistic reflects a positive outlook for the integration of automation solutions within the pharmaceutical sector.
Advanced Process Control (APC) market size is expected to reach USD 2.6 billion by 2026, at a CAGR of 9% during the forecast period.
The statistic indicates that the Advanced Process Control (APC) market is projected to expand significantly, with an expected market size of USD 2.6 billion by the year 2026. The Compound Annual Growth Rate (CAGR) of 9% during the forecast period reflects a steady and consistent growth rate over the specified time frame. This growth rate suggests a positive outlook for the APC market, indicating increasing adoption and demand for advanced process control technologies across industries. The forecasted market size and growth rate provide valuable insights for industry stakeholders, investors, and decision-makers to assess opportunities and make informed strategic decisions in the APC market.
By 2027, the process automation systems segment is estimated to reach $33.12 billion due to the increasing adoption of industrial automation.
The statistic indicates that the process automation systems segment is projected to grow significantly by 2027, reaching a valuation of $33.12 billion. This growth is attributed to the rising adoption of industrial automation across various industries. Process automation systems play a crucial role in streamlining operations, improving efficiency, and reducing costs for businesses. With the increasing emphasis on automation to enhance productivity and competitiveness, organizations are investing in advanced technologies and solutions to automate their processes. The estimated growth in this segment highlights the expanding market opportunities and the transformative impact of automation in driving operational excellence and innovation in industries worldwide.
By 2026, the edge computing in IIoT market in the process automation industry is expected to reach USD 9.3 billion.
The statistic indicates that by the year 2026, the edge computing in Industrial Internet of Things (IIoT) market within the process automation industry is projected to grow and reach a total value of USD 9.3 billion. This prediction suggests a significant increase in the adoption and implementation of edge computing technology within the industrial sector, particularly focusing on processes related to automation. Edge computing enables data processing to occur closer to the source of data generation, thereby improving efficiency, reducing latency, and enhancing overall performance in industrial operations. The anticipated growth in this market reflects the industry’s recognition of the benefits associated with leveraging edge computing in IIoT applications within the process automation domain.
Process automation in the chemical industry alone is expected to reach USD 6.31 Billion by 2027, growing at a CAGR of 8.3%.
This statistic highlights the projected growth of process automation within the chemical industry, with an expected market size of USD 6.31 Billion by the year 2027. The compound annual growth rate (CAGR) of 8.3% indicates a steady and substantial increase in the adoption of automation technologies over the forecast period. This growth can be attributed to factors such as the push for efficiency, improved safety measures, and advancements in technology driving the need for automation solutions in chemical manufacturing processes. The increasing demand for process optimization, cost savings, and compliance with stringent regulations are likely to continue fueling this growth trend in the chemical industry.
The process automaton in the water and wastewater industry is projected to reach USD 22.6 billion by 2030.
The statistic “The process automation in the water and wastewater industry is projected to reach USD 22.6 billion by 2030” refers to the estimated value of automation technology implementations in the water and wastewater sector by the year 2030. This statistic suggests that there is a growing trend towards adopting automation solutions in the industry to enhance operational efficiency, reduce costs, and improve overall performance. The projected value of USD 22.6 billion indicates a significant investment in process automation technologies, highlighting the increasing importance of automation in managing water and wastewater treatment processes. This statistic underscores the potential for substantial growth and development in the sector as organizations continue to leverage advanced technologies to address the increasing demands and challenges in water and wastewater management.
The global business process automation market is projected to reach $19.6 billion by 2026.
The statistic states that the global business process automation market is expected to grow and reach a value of $19.6 billion by 2026. This projection indicates a substantial increase in the adoption of business process automation technologies, which streamline and optimize various workflows and tasks within organizations. The growth of this market is likely driven by the increasing demand for operational efficiency, cost savings, and improved productivity across industries. As organizations continue to prioritize digital transformation and automation initiatives, the business process automation market is poised for significant expansion in the coming years.
76% of tech leaders believe that 50% of data management processes will be automated by 2022.
This statistic suggests that a majority of tech leaders foresee a significant increase in the automation of data management processes by the year 2022. Specifically, 76% of these leaders believe that half of the data management tasks, which traditionally require manual intervention, will be automated within the next year. This indicates a trend towards leveraging technology and machine learning algorithms to streamline and optimize data management operations, potentially improving efficiency, accuracy, and productivity in handling vast amounts of data. Such a shift towards automation highlights the growing importance of leveraging advanced technologies to meet the evolving demands of data-driven industries and underscores the strategic significance of embracing automation in the domain of data management.
Conclusion
The statistics presented clearly indicate the significant growth and impact of the process automation industry. As businesses continue to embrace automation technologies to improve efficiency and productivity, it is evident that the demand for process automation solutions will only continue to increase. Companies that invest in process automation now stand to gain a competitive edge in the market and position themselves for long-term success.
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