Industry: Semiconductor & Electronics | Publish Date: 08-Nov-2023 | No of Pages: 118 | No. of Tables: 90 | No. of Figures: 34 | Format: PDF | Report Code : N/A
Canada Industrial Process Automation Market was valued at USD 2.54 billion in 2022, and is predicted to reach USD 4.19 billion by 2030, with a CAGR of 5.37% from 2023 to 2030. Industrial process automation refers to the use of computer technology, along with hardware to control & monitor industrial processes such as inventory management, manufacturing, and production of goods.
It involves the integration of various technologies and systems, such as sensors, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control & data acquisition (SCADA) systems, to streamline and optimize production processes including quality control, assembling, testing & inspection, packaging & labeling.
Process automation is applied to a wide range of industries, including oil & gas, chemical processing, food & beverage, and pharmaceuticals, among others. The goal of process automation is to improve efficiency, quality, and safety while reducing costs & minimizing human error.
Thus, industrial process automation plays a significant role in modern manufacturing & production, enabling companies to operate more efficiently, produce higher-quality products, and create safer working environments for their employees when compared to traditional manual methods.
The integration of industrial process automation in Water and Wastewater (WWW) to control water treatment processes and monitor water quality is becoming increasingly important in Canada, as water resources become scarcer and the demand for clean water continues to grow.
For instance, in October 2022, Schneider Electric partnered with Delco Automation, a premiere integrator of process automation and control systems in Canada. The Certified Alliance Partner accreditation authorizes Delco Automation to bring Schneider Electric solutions in Water and Wastewater (WWW), training, and expertise through process control, supervisory control, SCADA, DCS, PLC, information systems, instrumentation, measurement, telecommunication systems, and control centers.
Several initiatives taken by the government in Canada, further increases the adoption of robotics in the industries for applications such as product handling or sorting, which in turn drives the growth of the market. For instance, in April 2022, the Canadian Government announced an investment of USD 780 million over the next five years to create a funding agency focused on innovation in science and technology, to offer strong programs in robotics and related fields, in turn producing a skilled workforce in the country. Thus, it is expected to fuel the industrial process automation market growth.
Lack of standardization is a significant challenge that can restrain the growth of the industrial process automation market. In the absence of standards, vendors may create proprietary systems that are difficult to replace or upgrade. This may lead to vendor lock-in, as companies become reliant on the technology of a particular vendor, limiting their ability to work with different vendors.
Vendor lock-in can lead to higher costs, lower flexibility, and less innovation, which can negatively impact the growth of the industrial process automation market. Companies may be hesitant to invest in automation systems if they are concerned about being locked into a particular vendor's technology, limiting the growth of the market.
The increasing adoption of cloud-based automation solutions presents a significant growth opportunity for the industrial process automation industry. These solutions offer several benefits such as increased efficiency, productivity, and profitability for businesses. They can be easily scaled up or down, making them suitable for businesses of all sizes. Additionally, cloud-based solutions provide greater control and visibility into industrial processes, and can significantly reduce the costs associated with maintaining and upgrading hardware, software, and infrastructure.
Cloud-based automation solutions can significantly reduce the costs associated with maintaining & upgrading hardware, software, and infrastructure. As a result, companies can focus on their core competencies and invest resources in other areas of their business. With several companies investing in cloud-based solutions for managing and utilizing 3D data obtained from reality capture devices, it is evident that there is a growing interest in adopting these technologies.
For instance, in January 2022, Accenture strategically invested through Accenture Ventures, in Cintoo, a provider of cloud-based solutions to manage and utilize 3D data obtained from reality capture devices. As a result, continued growth and innovation in the industrial process automation industry is expected in the future.
As one of the largest and most complex manufacturing sectors, automotive production involves a wide range of processes that can benefit from automation, such as assembly line operations, quality control, and supply chain management.
Process automated systems are also used to track inventory levels, optimize production schedules, and ensure that parts and components are delivered to the assembly line on time. According to the U.S. Bureau of Labor Statistics, the sales of electric vehicle in the U.S. is expected to reach 40%of total passenger car sales by 2030.
Moreover, the manufacturing industry is expanding significantly in the country, whereas employment in the manufacturing sector declined over the past two decades due to the offshoring and economic recession. This accelerated the use of automation throughout the industrial sector, thereby, reducing production costs. The above-mentioned factors boost the industrial process automation in the country.
Automation, robotics, and artificial intelligence have all played a significant role in improving the efficiency and accuracy of industrial processes & distribution operations. This has helped companies to reduce costs, increase productivity, and improve customer satisfaction.
For instance, in January 2023, ABB introduced a new technology and engineering centre in Mexico to boost the firm’s automation, electrical, and software engineering capabilities in the Canadan region. The centre will initially serve orders from process industries such as mining, pulp & paper, battery manufacture, and metals that are in the pipeline for ABB. The process and hybrid industries can benefit from the automation, electrification, and digitalization capabilities offered by ABB's process automation business.
The Canada industrial process automation industry includes several market players such as Hitachi Ltd, Yokogawa Electric, Siemens AG, Mitshubishi Electric Corporation, Honeywell International Inc., ABB Ltd, Toshiba Corporation, Emerson Electric Co., Rockwell Automation Inc, Omron Corporation, and Fanuc Corporation, Schneider Electric SE, Endress+Hauser, Valmet OYJ, and Dwyer Instruments Inc.
MES
Hardware
Software
Services
DCS
Hardware
Software
Services
PLC
Hardware
Software
Services
SCADA
Hardware
Software
Services
Field Instruments
Industrial Robots
Human Machine Interface
Process Analyzers and Drives
Oil and Gas
Chemicals and Refining
Energy and Power
Pulp and Paper
Metals and Mining
Pharma
Cement & Glass
Others
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2022 |
USD 2.54 Billion |
Revenue Forecast in 2030 |
USD 4.19 Billion |
Growth Rate |
CAGR of 5.37% from 2023 to 2030 |
Analysis Period |
2022–2030 |
Base Year Considered |
2022 |
Forecast Period |
2023–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
Integration of industrial process automation in water and wastewater to control water treatment Increasing government initiatives. |
Companies Profiled |
15 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
Hitachi Ltd
Yokogawa Electric
Siemens AG
Mitshubishi Electric Corporation
Honeywell International Inc.
ABB Ltd
Toshiba Corporation
Emerson Electric Co.
Rockwell Automation Inc
Omron Corporation
Fanuc Corporation
Schneider Electric SE
Endress+Hauser
Valmet OYJ
Dwyer Instruments Inc.