Process Automation Market in Europe by Type and Geography - Forecast and Analysis 2022-2026
| Published: Feb 2022 | Pages: 120 | SKU: IRTNTR72495 |
The process automation market share in Europe is expected to increase to USD 2.43 billion from 2021 to 2026, at a CAGR of 6.04%.
The report extensively covers process automation market segmentation in Europe by the following:
- Type - Discrete automation and process automation
- Geography - Germany, UK, France, and Rest of Europe
The process automation market in Europe report offers information on several market vendors, including ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. among others.
This process automation market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
What will the Process Automation Market Size in Europe be During the Forecast Period?
Download the Free Report Sample to Unlock the Process Automation Market Size in Europe for the Forecast Period and Other Important Statistics
Process Automation Market in Europe: Key Drivers, Trends, and Challenges
The rising demand in the healthcare sector is notably driving the process automation market growth in Europe, although factors such as infrastructure and customization issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the process automation industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Process Automation Market Driver in Europe
One of the key factors driving growth in the Europe process automation market is the rising demand in the healthcare sector. To address the constantly expanding labor shortage in the healthcare industry, hospitals and clinics have begun implementing automated technologies. Because human registration is time-consuming and prone to mistakes, hospitals and clinics are using automated help desks to manage to register cases, manage health data, and maintain treatment status, among other things. Process automation automatically schedules patients' requests for appointments, allowing them to make appointments 24 hours a day, 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 team's workload. Automation enables pharmaceutical businesses to adhere to high regulatory and compliance standards while lowering operating expenses. By simplifying procedures, automation technologies assist in improving the efficiency of pharmaceutical development and production. The increased use of process automation in the healthcare industry will have a positive impact on the market.
Key Process Automation Market Trend in Europe
The virtualization of automation systems is another factor supporting the Europe process automation market share growth. The virtualization of automation systems can be done using hypervisors, a thin layer between the virtual machine and the host server. The virtual machine contains the operating system (OS) and software. Different OS is operated on top of a primary operating system using virtual machines. Virtualization provides benefits such as optimum resource utilization and operation and power cost savings. As most of the physical servers are designed to run only one OS and application at a time, it limits the server's performance. Virtualization allows a single server to run multiple operating systems and applications simultaneously. It will also enable flexibility in adopting automation systems in the process and discrete industries. Factors such as this will fuel the market demand during the forecast period.
Key Process Automation Market Challenge in Europe
The infrastructure and customization issues will be a major challenge for the Europe process automation market during the forecast period. When deploying a process automation system, a firm must invest in dependable infrastructure and skilled staff to oversee the entire process. It is tough, complex, and expensive to set up infrastructure, hire professionals or educate current personnel, and deploy thousands of bots. The platform on which automation bots frequently operate changes, and the requisite adaptability is not always included in bots. As a result, many businesses resist using process automation. Furthermore, this technology needs a distinct identity as well as cutting-edge technology. It is difficult to deploy modification in response to changing corporate requirements. As a result, the process automation market's growth has been hampered and will continue to be hampered.
This process automation market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the process automation market in Europe as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the process automation market in Europe during the forecast period.
Who are the Major Process Automation Market Vendors in Europe?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- ABB Ltd.
- Eaton Corp. Plc
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- Mitsubishi Electric Corp.
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp.
This statistical study of the process automation market in Europe encompasses successful business strategies deployed by the key vendors. The process automation market in Europe is fragmented and the vendors are deploying growth strategies such as investing in research and development to develop new products and cater to various industries to compete in the market.
Product Insights and News
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Honeywell International Inc. - The company offers process automation products such as Control and Supervisory Systems, Field Instruments, and Process Instruments products.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The process automation market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Process Automation Market in Europe Value Chain Analysis
Our report provides extensive information on the value chain analysis for the process automation market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the information technology spending market includes the following core components:
- Research and development
- Developers or manufacturers
- Sales and distribution
- End-users
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
Which are the Key Regions for Process Automation Market in Europe?
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39% of the market's growth will originate from Germany during the forecast period. Market growth in this region will be faster than the growth of the market in other regions.
The increasing use of automation in manufacturing processes and digitalization and AI engagement will facilitate the process automation market growth in Germany over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 had a positive impact on the sales of process automation in the region, as manufacturing units have been closed. As of early 2021, the number of COVID-19 cases has decreased with the help of an active vaccination campaign. Nationwide lockdowns have been lifted, but with the growing popularity of digitalization, this will complement the market growth in the region during the forecast period.
What are the Revenue-generating Type Segments in the Process Automation Market in Europe?
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The process automation market share growth in Europe by the discrete automation segment will be significant during the forecast period. Discrete automation builds a final product using an asynchronous paradigm. In other words, discrete automation divides manufacturing into bits then brings them all together to make autonomous goods. Manufacturers use a succession of asynchronous steps that are not reliant on one another. The benefit of measuring each process will fuel the demand for discrete automation, which in turn, will drive the process market during the forecast period
This report provides an accurate prediction of the contribution of all the segments to the growth of the process automation market size in Europe and actionable market insights on post COVID-19 impact on each segment.
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Process Automation Market Scope in Europe |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 6.04% |
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Market growth 2022-2026 |
$ 2.43 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.81 |
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Regional analysis |
Europe |
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Performing market contribution |
Germany at 39% |
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Key consumer countries |
Germany, UK, France, and Rest of Europe |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. |
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Market dynamics |
Parent market analysis, 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 the forecast period |
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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. |
What are the Key Data Covered in this Process Automation Market in Europe Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive process automation market growth in Europe during the next five years
- Precise estimation of the process automation market size in Europe and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the process automation industry in Europe across Germany, UK, France, and Rest of Europe
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of process automation market vendors in Europe
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 07: Parent market
*Exhibit 08: Market Characteristics
**2.2 Value Chain Analysis
- *Research and development
- *Developers or manufacturers
- *Sales and distribution
- *End-users
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 11: Global - Market size and forecast 2021 - 2026 (million $)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Type
**5.1 Market segments
*Exhibit 20 : Type- Market share 2020-2025 (%)
**5.2 Comparison by Type
*Exhibit 21: Comparison by Type
**5.3 Discrete automation - Market size and forecast 2021-2026
*Exhibit 22: Discrete automation - Market size and forecast 2021-2026 ($ million)
*Exhibit 23: Discrete automation - Year-over-year growth 2021-2026 (%)
**5.4 Process automation - Market size and forecast 2021-2026
*Exhibit 24: Process automation - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Process automation - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Type
*Exhibit 26: Market opportunity by Type
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 27: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 28: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 29: Geographic comparison
**7.3 Germany - Market size and forecast 2021-2026
*Exhibit 30: Germany- Market size and forecast 2021-2026 ($ million)
*Exhibit 31: Germany - Year-over-year growth 2021-2026 (%)
**7.4 UK - Market size and forecast 2021-2026
*Exhibit 32: UK - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: UK - Year-over-year growth 2021-2026 (%)
**7.5 France- Market size and forecast 2021-2026
*Exhibit 34: France - Market size and forecast 2021-2026 ($ million)
*Exhibit 35: France - Year-over-year growth 2021-2026 (%)
**7.6 Rest of Europe - Market size and forecast 2021-2026
*Exhibit 36: Rest of Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 37: Rest of Europe - Year-over-year growth 2021-2026 (%)
**7.7 Market opportunity by geography
*Exhibit 38: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rising demand in the healthcare sector
*8.1.2 Shift toward lean manufacturing
*8.1.3 Need for efficient use of resources and reduction of emissions
**8.2 Market challenges
*8.2.1 Infrastructure and customization issues
*8.2.2 Lack of skilled labor and awareness
*8.2.3 High upfront and upgrade costs
*Exhibit 39: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Virtualization of automation systems
*8.3.2 Digitizing business processes
*8.3.3 Shift from on-premises to cloud-based systems
***9. Vendor Landscape
**9.1 Overview
*Exhibit 40: Vendor landscape
**9.2 Landscape disruption
*Exhibit 41: ?Landscape disruption?
*Exhibit 42: Industry Risk
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors Covered
*Exhibit 43: Vendor Landscape
**10.2 Market positioning of vendors
*Exhibit 44: ?Market positioning of vendors?
**10.3 ABB Ltd.
*Exhibit 45: ABB Ltd. - Overview
*Exhibit 46: ABB Ltd. - Business segments
*Exhibit 47: ABB Ltd.– Key news
*Exhibit 48: ABB Ltd. - Key offerings
*Exhibit 49: ABB Ltd. - Segment focus
**10.4 Eaton Corp. Plc
*Exhibit 50: Eaton Corp. Plc - Overview
*Exhibit 51: Eaton Corp. Plc - Business segments
*Exhibit 52: Eaton Corp. Plc - Key offerings
*Exhibit 53: Eaton Corp. Plc - Key customers
*Exhibit 54: Eaton Corp. Plc - Segment focus
**10.5 Emerson Electric Co.
*Exhibit 55: Emerson Electric Co. - Overview
*Exhibit 56: Emerson Electric Co. - Business segments
*Exhibit 57: Emerson Electric Co. – Key news
*Exhibit 58: Emerson Electric Co. - Key offerings
*Exhibit 59: Emerson Electric Co. - Segment focus
**10.6 General Electric Co.
*Exhibit 60: General Electric Co. - Overview
*Exhibit 61: General Electric Co. - Business segments
*Exhibit 62: General Electric Co. - Key news
*Exhibit 63: General Electric Co. - Key offerings
*Exhibit 64: General Electric Co. - Segment focus
**10.7 Honeywell International Inc.
*Exhibit 65: Honeywell International Inc. - Overview
*Exhibit 66: Honeywell International Inc. - Business segments
*Exhibit 67: Honeywell International Inc.– Key news
*Exhibit 68: Honeywell International Inc. - Key offerings
*Exhibit 69: Honeywell International Inc. - Segment focus
**10.8 Mitsubishi Electric Corp.
*Exhibit 70: Mitsubishi Electric Corp. - Overview'
*Exhibit 71: Mitsubishi Electric Corp. - Business segments
*Exhibit 72: Mitsubishi Electric Corp. – Key news
*Exhibit 73: Mitsubishi Electric Corp. - Key offerings
*Exhibit 74: Mitsubishi Electric Corp. - Segment focus
**10.9 Rockwell Automation Inc.
*Exhibit 75: Rockwell Automation Inc. - Overview
*Exhibit 76: Rockwell Automation Inc. - Business segments
*Exhibit 77: Rockwell Automation Inc. - Key news
*Exhibit 78: Rockwell Automation Inc. - Key offerings
*Exhibit 79: Rockwell Automation Inc. - Segment focus
**10.10 Schneider Electric SE
*Exhibit 80: Schneider Electric SE - Overview
*Exhibit 81: Schneider Electric SE - Business segments
*Exhibit 82: Schneider Electric SE – Key news
*Exhibit 83: Schneider Electric SE - Key offerings
*Exhibit 84: Schneider Electric SE - Segment focus
**10.11 Siemens AG
*Exhibit 85: Siemens AG - Overview
*Exhibit 86: Siemens AG - Business segments
*Exhibit 87: Siemens AG - Key news
*Exhibit 88: Siemens AG - Key offerings
*Exhibit 89: Siemens AG - Segment focus
**10.12 Yokogawa Electric Corp.
*Exhibit 90: Yokogawa Electric Corp. - Overview
*Exhibit 91: Yokogawa Electric Corp. - Business segments
*Exhibit 92: Yokogawa Electric Corp. – Key news
*Exhibit 93: Yokogawa Electric Corp. - Key offerings
*Exhibit 94: Yokogawa Electric Corp. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 95: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 96: ?Research Methodology
*Exhibit 97: ??Validation techniques employed for market sizing?
*Exhibit 98: ??Information sources
**11.4 List of abbreviations
*Exhibit 99: List of abbreviations
Research Framework
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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process automation market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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