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Europe Process Automation Market Analysis - Size and Forecast 2024-2028

Europe Process Automation Market Analysis - Size and Forecast 2024-2028

Published: Dec 2024 142 Pages SKU: IRTNTR72495

Market Overview at a Glance

$2.70 B
Market Opportunity
6.6%
CAGR
6.2
YoY growth 2023-2024(%)

 Europe Process Automation Market Size and Trends

The Europe process automation market size is forecast to increase by USD 2.7 billion at a CAGR of 6.6% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing adoption of advanced technologies such as artificial intelligence (AI) and distributed control systems (DCS) in various industries. One notable sector is the paper and pulp industry, where the need for improved production capacity and efficient water treatment construction is leading to increased automation. In the production sector, the implementation of AI-enabled DCS solutions, such as Valmet DNA DCS, is streamlining operations and enhancing overall performance. Furthermore, the shift towards renewable energy sources is also fueling the demand for process automation, as these systems enable optimized energy usage and reduced emissions. However, challenges remain, including infrastructure and customization issues, which must be addressed for the market to continue its expansion. This market analysis report delves into these trends and challenges, providing insights into the future growth prospects of the process automation industry.

What will be Europe Process Automation Market Size During the Forecast Period?

Process Automation Market in Europe Size

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The market is witnessing significant growth due to the increasing adoption of advanced technologies, such as the Internet of Things (IoT) and cloud-based solutions, in various industries. These technologies enable the integration of instrumentation devices, including pressure measurement, temperature measurement, level measurement, and humidity measurement, into existing systems. Process automation plays a crucial role in enhancing productivity improvement and energy efficiency in sectors like manufacturing, logistics chain, and energy production. By implementing automation systems, companies can monitor and control their processes more effectively, ensuring consistent quality and reducing human error. Safety automation systems are another critical component of the market. These systems help minimize risks and ensure compliance with regulations in industries such as oil and gas, pharmaceuticals, and food processing. Machine learning algorithms are increasingly being used to analyze data collected from IoT-connected devices and inspection processes, enabling predictive maintenance and proactive problem-solving. Cloud-based automation solutions offer several advantages, including cost savings, scalability, and flexibility.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

  • Type
    • Discrete automation
    • Process automation
  • Geography
    • Europe
      • Germany
      • UK
      • France

By Type Insights

The discrete automation segment is estimated to witness significant growth during the forecast period. Process automation involves utilizing artificial intelligence (AI) to streamline and optimize various business processes. One significant industry that benefits from process automation is the paper and pulp sector. In this industry, production capacity is maximized through the implementation of distributed control systems (DCS), such as Valmet DNA DCS.

Process Automation Market in Europe Size

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The discrete automation segment was the largest segment and was valued at USD 3.34 billion in 2018. Water treatment construction and renewable energy projects are also areas where process automation plays a crucial role. DCS allows for the efficient management of manufacturing processes by automating tasks and providing real-time data. For instance, in the production of paper and pulp, DCS can optimize the manufacturing process by monitoring and controlling various parameters such as temperature, pressure, and flow rate.  Hence, such factors are fuelling the growth of this segment during the forecast period.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Europe Process Automation Market Driver

Rising demand in healthcare sector is notably driving market growth. In the healthcare sector, automation technologies are being adopted to address the increasing labor shortage. Hospitals and clinics are implementing automated help desks to streamline patient registration, manage health data, and maintain treatment status. These systems automate the scheduling of patient appointments, enabling round-the-clock access for patients.

Furthermore, they help manage the growing inventory of medical supplies, preventing stock-outs and delays, and reducing the workload on procurement teams. Process automation is also being utilized in hospitals, clinics, and pharmaceutical manufacturing enterprises to enhance procedures such as filling, packing, and inspection. By increasing speed and accuracy, these automated systems contribute significantly to overall efficiency and productivity.

Europe Process Automation Market Trends

Virtualization of automation systems is the key trend in the market. In the realm of industrial automation, the implementation of virtualization technology is revolutionizing the way systems operate. By utilizing hypervisors, a crucial intermediary between virtual machines and host servers, organizations can run multiple operating systems (OS) and applications on a single physical server.

This approach, known as virtual machine technology, offers several advantages, including enhanced resource utilization and significant energy savings. Traditional physical servers are often limited to running a single OS and application at a time, leading to underutilized resources and increased operational costs. Virtualization circumvents this issue by allowing the allocation of resources to various virtual machines, each running its own OS and software. Thus, such trends will shape the growth of the market during the forecast period.

Europe Process Automation Market Challenge

Infrastructure and customization issues is the major challenge that affects the growth of the market. Process automation is a critical aspect of digital transformation for businesses seeking efficiency and cost savings. However, implementing automation solutions can be a challenging endeavor, particularly in industries such as Chemical, Petrochemical, Pulp and Paper, where complex processes and infrastructure are required.

The use of Artificial Intelligence (AI) and Cloud-Based Automation is becoming increasingly popular, but the need for advanced infrastructure and skilled personnel can pose significant obstacles. Moreover, the wireless communication aspect of automation can add to the complexity, requiring businesses to invest in reliable networks and security measures. Job displacement is another concern, as automation may lead to the need for new skill sets or even the elimination of certain jobs. Despite these challenges, the benefits of process automation are significant.  Hence, the above factors will impede the growth of the market during the forecast period.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Process Automation Market in Europe Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd: The company offers process automation products such as control systems, PLC, and industrial analytics and AI.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • AMETEK Inc.
  • Azbil Corp.
  • Delta Electronics Inc.
  • Eaton Corp plc
  • Emerson Electric Co.
  • Endress Hauser Group Services AG
  • Fuji Electric Co. Ltd.
  • General Electric Co.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Mitsubishi Electric Corp.
  • OMRON Corp.
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Xylem Inc.
  • Yokogawa Electric Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Process automation is a critical aspect of modern industrial operations, enabling businesses to streamline their processes, improve productivity, and enhance safety. The global market is witnessing significant growth due to the increasing adoption of Industry 4.0 and the Internet of Things (IoT) in various sectors. Smart factories are being built to integrate automation systems, IoT connected devices, and distributed control systems (DCS) to optimize production capacity and energy efficiency. Safety automation systems, machine learning, and artificial intelligence are key technologies driving process automation. These technologies help in monitoring and controlling industrial processes, ensuring optimal performance and reducing human intervention. Instrumentation devices such as pressure, temperature, level, and humidity measurement sensors play a crucial role in process automation. Existing systems and legacy systems in industries like paper and pulp, water treatment construction, renewable energy, and chemical and petrochemical sectors are being upgraded with automation solutions to overcome communication barriers and improve data collection and mapping. Cloud-based automation solutions are gaining popularity due to their ability to provide real-time data access and analysis, enabling businesses to make informed decisions and respond quickly to changing market conditions. Robotics and software are also integral to process automation, with intelligent manufacturing practices and programmable logic controllers (PLCs) being widely used to automate industrial processes. The integration of automation systems with field instruments and industrial processes is leading to significant productivity improvement and digital transformation. However, concerns around job displacement and wireless communication security are challenges that need to be addressed to ensure a smooth transition to automated processes.

Market Scope

Report Coverage

Details

Page number

142

Base year

2023

Historic period

 2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.6%

Market growth 2024-2028

USD 2.7 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

6.2

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., AMETEK Inc., Azbil Corp., Delta Electronics Inc., Eaton Corp plc, Emerson Electric Co., Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Xylem Inc., and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, market report , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market across Europe
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Process Automationin Europe market growth will increase by $ 2700.7 mn during 2024-2028.

The Process Automationin Europe market is expected to grow at a CAGR of 6.6% during 2024-2028.

Process Automationin Europe market is segmented by Type( Discrete automation, Process automation)

ABB Ltd., AMETEK Inc., Azbil Corp., Delta Electronics Inc., Eaton Corp plc, Emerson Electric Co., Endress Hauser Group Services AG, Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Xylem Inc., Yokogawa Electric Corp. are a few of the key vendors in the Process Automationin Europe market.

Europe will register the highest growth rate of 100% among the other regions. Therefore, the Process Automationin Europe market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.

Germany, UK, France, Rest of Europe

  • Rising demand in healthcare sectorTo address the constantly expanding labor shortage in the healthcare industry is the driving factor this market.
  • hospitals and clinics have begun implementing automated technologies. As human registration is time-consuming and prone to mistakes is the driving factor this market.
  • hospitals and clinics are using automated help desks to manage to register cases is the driving factor this market.
  • manage health data is the driving factor this market.
  • and maintain treatment status is the driving factor this market.
  • among other things. Process automation automatically schedules patients requests for appointments is the driving factor this market.
  • allowing them to make appointments 24 hours a day is the driving factor this market.
  • seven days a week. They also aid in handling the growing amount of medical goods while preventing delays or stock-outs of key items and relieving the procurement teams workload.In hospitals is the driving factor this market.
  • clinics is the driving factor this market.
  • and pharmaceutical manufacturing enterprises is the driving factor this market.
  • process automation is being used to improve procedures like filling is the driving factor this market.
  • packing is the driving factor this market.
  • and inspection speed and accuracy. Automation enables pharmaceutical businesses to adhere to high regulatory and compliance standards while lowering operating expenses. By simplifying procedures is the driving factor this market.
  • automation technologies assist in improving the efficiency of pharmaceutical development and production. Robots can readily do repetitive operations such as filling and packaging at high precision and speed compared to human labor is the driving factor this market.
  • increasing productivity. They are also exceedingly accurate is the driving factor this market.
  • removing the risk of human mistakes in pharmaceutical product weighing is the driving factor this market.
  • combining is the driving factor this market.
  • and packing. The increased use of process automation in the healthcare industry will have a positive impact on the process automation market in Europe during the forecast period. is the driving factor this market.

The Process Automationin Europe market vendors should focus on grabbing business opportunities from the Discrete automation segment as it accounted for the largest market share in the base year.