Global Process Automation & Instrumentation Market Size, Trends & Growth Opportunity, By Instrument (Field Instrument, Control Valve, and Analytical Instrument), By Solution (PLC, DCS, SCADA, HMI, Safety Automation, APC, and MES), and By Industry (Pharmaceutical, Food & Beverages, Pulp & Paper, Oil & gas, Water & Wastewater, Chemicals, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Process Automation & Instrumentation Market
Global Process Automation & Instrumentation Market was valued at USD 60.22 billion in 2021 and is expected to reach USD 87.5 billion by 2027, at a CAGR 5.29% from 2022-2027.
Automation is a process which uses information technology and control systems in order to replace the worker controlling various processes and instruments. It plays an essential role in collecting info from the field and changing field and field parameters. Process automation and instrumentation are a branch of engineering which is helping in developing advanced sensors, MEMS technology, and smart transducers.
Market Drivers
Rising adoption of multi-vendor portable applications will be one of the key driving factors which is expected to boost the global process automation and instrumentation market growth. Furthermore, increasing industrial automation rate of adoption among several end users will have a positive impact on market growth.
Moreover, growing demand for energy and utilities is anticipated to offer highest growth during this forecast period. Emphasis on industrial automation and optimum utilization of resources will boost the market growth. Additionally, increasing demand for internet-based technologies is expected to propel the market growth.
Market Restraints
However, high investment for implementation and significant maintenance costs of process automation and instrumentation is the major challenging factor which is expected to hinder the market growth.
Market segmentation
The Global Process Automation & Instrumentation Market is segmented into instruments such as Field Instrument, Control Valve, and Analytical Instrument, by solution such as PLC, DCS, SCADA, HMI, Safety Automation, APC, and MES. 
Further, market is segmented into industry such as Pharmaceutical, Food & Beverages, Pulp & Paper, Oil & gas, Water & Wastewater, Chemicals, and Others.
Regional Analysis
The Global Process Automation & Instrumentation Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region dominates the global market share. This is because of the rising adoption of industrial automation processes in the region. Prevalence of a strong technological base coupled with increased funding into petrochemical & chemical industry has induced the growth in the region.
The Asia-Pacific region will register the highest growth rate during the forecast period. This is because of rapid growth and expansion of various end user verticals across countries in this region.
Market Key Players
Various key players are discussed in this report such as Siemens AG, Emerson Electric Co., Mitsubishi Electric Corporation, General Electric Co., Schneider Electric, Yokogawa Electric Corporation, ABB Ltd., Beckhoff Automation, Carlo Gavazzi Holding AG, and Honeywell International Inc.
Market Taxonomy
By Instrument
•        Field Instrument
•        Control Valve
•        Analytical Instrument
By Solution
•        PLC
•        DCS
•        SCADA
•        HMI
•        Safety Automation
•        APC
•        MES
By Industry
•        Pharmaceutical
•        Food & Beverages
•        Pulp & Paper
•        Oil & gas
•        Water & Wastewater
•        Chemicals
•        Others
By Region 
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Process Automation & Instrumentation Market TOC:
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Process Automation & Instrumentation Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Process Automation & Instrumentation Market, By Instrument
5.1 Y-o-Y Growth Comparison, By Instrument 
5.2 Global Process Automation & Instrumentation Market Share Analysis, By Instrument 
5.3 Global Process Automation & Instrumentation Market Size and Forecast, By Instrument
5.3.1 Field instrument
5.3.2 Control Valve
5.3.3 Analytical Instrument
6 Global Process Automation & Instrumentation Market, By Solution
6.1 Y-o-Y Growth Comparison, By Solution
6.2 Global Process Automation & Instrumentation Market Share Analysis, By Solution
6.3 Global Process Automation & Instrumentation Market Size and Forecast, By Solution
6.3.1 PLC
6.3.2 DCS
6.3.3 SCADA
6.3.4 HMI
6.3.5 Safety Automation
6.3.6 APC
6.3.7 MES
7 Global Process Automation & Instrumentation Market, Industry
7.1 Y-o-Y Growth Comparison, Industry
7.2 Global Process Automation & Instrumentation Market Share Analysis, Industry
7.3 Global Process Automation & Instrumentation Market Size and Forecast, Industry
7.3. 1 Pharmaceutical
7.3.2 Food & Beverages
7.3.3 Pulp & Paper
7.3.4 Oil & Gas
7.3.5 Water & Wastewater
7.3.6 Chemicals
7.3.7 Others
8 Global Process Automation & Instrumentation Market, By Region
8.1 Global Process Automation & Instrumentation Market Share Analysis, By Region
8.2 Global Process Automation & Instrumentation Market Share Analysis, By Region
8.3 Global Process Automation & Instrumentation Market Size and Forecast, By Region
9 North America Process Automation & Instrumentation Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Process Automation & Instrumentation Market Share Analysis, By Instrument
9.3 North America Process Automation & Instrumentation Market Size and Forecast, By Solution
9.4 North America Process Automation & Instrumentation Market Size and Forecast, Industry
9.5 North America Process Automation & Instrumentation Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Process Automation & Instrumentation Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Process Automation & Instrumentation Market Share Analysis, By Instrument 
10.3 Europe Process Automation & Instrumentation Market Size and Forecast, By Solution 
10.4 Europe Process Automation & Instrumentation Market Size and Forecast, Industry
10.5 Europe Process Automation & Instrumentation Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Process Automation & Instrumentation Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Process Automation & Instrumentation Market Share Analysis, By Instrument 
11.3 Asia Pacific Process Automation & Instrumentation Market Size and Forecast, By Solution 
11.4 Asia Pacific Process Automation & Instrumentation Market Size and Forecast, Industry
11.5 Asia Pacific Process Automation & Instrumentation Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Process Automation & Instrumentation Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Process Automation & Instrumentation Market Share Analysis, By Instrument 
12.3 Latin America Process Automation & Instrumentation Market Size and Forecast, By Solution 
12.4 Latin America Process Automation & Instrumentation Market Size and Forecast, Industry
12.5 Latin America Process Automation & Instrumentation Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Process Automation & Instrumentation Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
 13.2 Middle East Process Automation & Instrumentation Market Share Analysis, By Instrument 
13.3 Middle East Process Automation & Instrumentation Market Size and Forecast, By Solution 
13.4 Middle East Process Automation & Instrumentation Market Size and Forecast, Industry
13.5 Middle East Process Automation & Instrumentation Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Siemens AG 
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Emerson Electric Co.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Mitsubishi Electric Corporation
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 General Electric Co.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Schneider Electric
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Yokogawa Electric Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 ABB Ltd.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Honeywell International Inc.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Beckhoff Automation
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies 
15.10 Carlo Gavazzi Holding AG
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies