Europe Industrial Process Automation Market by Component (Manufacturing Execution System (MES), Distributed Control System (DCS), Programmable Logic Control (PLC), Supervisory Control & Data Acquisition (SCADA), by End user (Oil & Gas, Chemicals & Refining, Energy & Power, Pulp & Paper, Metals & Mining, Pharmaceutical, Cement & Glass, and Others) – Opportunity Analysis and Industry Forecast, 2023–2030
Industry: Semiconductor & Electronics | Publish Date: 08-Nov-2023 | No of Pages: 212 | No. of Tables: 163 | No. of Figures: 107 | Format: PDF | Report Code : N/A
Speak to Our Analyst
Market Overview
Europe Industrial Process Automation Market was valued at USD 18.80 billion in 2022, and is predicted to reach USD 27.75 billion by 2030, with a CAGR of 4.11% 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.
Leading the Way: Automation Advancements Transforming European Industries
European nations have been at the forefront of adopting industrial automation solutions with numerous industries that operate in the region such as chemical & petrochemical, paper & pulp, water & wastewater treatment, energy & utilities, oil & gas, pharmaceutical, and food & beverages.
Rapid advancements in automation technology drive the adoption of automation across a wide range of industries. Developments such as collaborative robots, 5G networks, and edge computing enable businesses to automate more complex tasks and achieve greater levels of efficiency and productivity.
Green Initiatives and Profitability: Automation's Role in EU Sustainability
The European Union has implemented strict environmental regulations, which drive the adoption of automation technologies that can help businesses reduce waste, minimize emissions, and conserve energy. Developments such as energy-efficient sensors and smart building systems enable businesses to reduce their environmental footprint while also enhancing their profitability. Industrial process automation can play a significant role in helping companies achieve their sustainability goals while also improving their financial performance.
Lack of Standardization Processes Hampers the Market Growth in Europe
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.
Seizing Opportunities: The Rising Adoption of Cloud-Based Automation Solutions
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.
The Germany Holds the Dominant Market Share in the Europe Industrial Process Automation Market
The major key players in the industrial process automation industry including Siemens, Schneider Electric SE, and Emerson Electric Company among others are continuously investing in strategic partnerships and product developments to remain competitive in the market.
For instance, in April 2021, Siemens collaborated with Google Cloud to optimize factory processes and improve productivity on the shop floor. Siemens intends to integrate Google Cloud’s leading data cloud and artificial intelligence/machine learning (AI/ML) technologies with its factory automation solutions to help manufacturers innovate for the future. The above-mentioned factors are expected to boost the industrial process automation market in Germany.
France is Expected to Show Steady Growth in the Europe Industrial Process Automation Market.
France is one of the leading manufacturing nations in Europe and it contributes largely to the GDP of the nation. France is transforming its highly industrialized economy using IoT and Machine-to Machine (M2M) technologies to enhance its Industry 4.0. capabilities. This supports the manufacturing sector's efforts to improve efficiency, lower system failures, and optimize costs through analytical insight & cutting down on wastage.
For instance, in September 2021, Siemens struck a deal with Orange Business Services in France to combine on IIoT, private 5G networks, cloud & edge computing, data analytics, and cybersecurity. The partnership brings together the two companies’ respective expertise in various fields. With the secure use of data, manufacturers can increase their performance and competitiveness with confidence to move towards an intelligent and sustainable industry.
Competitive Landscape
The Europe 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.
Europe Industrial Process Automation Market Key Segments
By Component
-
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
By End User
-
Oil and Gas
-
Chemicals and Refining
-
Energy and Power
-
Pulp and Paper
-
Metals and Mining
-
Pharma
-
Cement & Glass
-
Others
By Geography
-
Europe
-
UK
-
Germany
-
France
-
Italy
-
Spain
-
Denmark
-
Netherlands
-
Finland
-
Sweden
-
Norway
-
Russia
-
Rest of Europe
-
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2022 |
USD 18.80 Billion |
|
Revenue Forecast in 2030 |
USD 27.75 Billion |
|
Growth Rate |
CAGR of 4.11% from 2023 to 2030 |
|
Analysis Period |
2022–2030 |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
Stringent environmental regulations enforced by the European Union for the adoption of industrial automation. Increasing adoption of industrial automation into various industries. |
|
Countries Covered |
11 |
|
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. |
KEY PLAYERS
-
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.
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Related Report
Related Blogs
Analysis Of Top 10 Leaders Shaping The Future Of Industrial Process Automation
Next Move Strategy Consulting Forecasts strong growth in the...
Emerging Technologies and Latest Developments in Industrial Process Automation
Introduction Industrial process automation has been an in...
