Spain Industrial Process Automation Market

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Spain 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: 09-Nov-2023 | No of Pages: 118 | No. of Tables: 90 | No. of Figures: 34 | Format: PDF | Report Code : N/A

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Market Definition

Spain Industrial Process Automation Market was valued at USD 919.52 million in 2022, and is predicted to reach USD 1444.7 million by 2030, with a CAGR of 4.82% 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.

Spain's Thriving Industrial Process Automation Market: Navigating Regulations and Enhancing Industry Efficiency 

The industrial process automation market in Spain is growing rapidly owing to its robust utilization in industries including food & beverage, textile, automotive, and many others. The food & beverage industry in Spain is subject to a range of regulations related to food safety, labelling, and environmental sustainability. Automation technologies can help companies comply with these regulations, by providing real-time monitoring, data collection, and analysis. 

According to the International Trade Administration, manufacturing accounts for 14% of Spain’s GDP and currently ranks 12th worldwide in manufacturing output. The leading industries that operate in the country include automotive, aerospace, biotechnology, health technologies, pharmaceutical, ICT & digital content, environmental protection industries, renewable energy & energy efficiency, and agribusiness. Spain offers great opportunities for American exporters to compete in the robotics and automation sector. 

The automation market in Spain ranks fourth in Europe and tenth globally. The automobile sector is the one that uses robots most frequently, followed by the food & beverage, metalworking, chemical rubber, and plastics industries. Collaborative robots (cobots) and autonomous guided vehicles (AGV) are most frequently utilised in the automotive industry, which uses industrial robotics at the highest rate. These technologies enable industries to optimise process automation, achieve high production levels, and boost competitiveness.

 

Elevating Automation in the Country: Joint Ventures and Acquisitions by Global Market Players 

The several regional and global market players are indulging in various joint ventures and acquisitions to boost next level automation processes in the country. For instance, in July 2021, ABB acquired ASTI Mobile Robotics Group (ASTI), a leading global autonomous mobile robot (AMR) manufacturer in Spain. This acquisition aims to expand ABB’s robotics and automation offering, making it the only company to offer a complete portfolio for the next generation of flexible automation. The above-mentioned factors are expected to boost the industrial process automation market in the country.

 

Lack of Standardization Processes Hampers the Market Growth in Spain

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.

 

Competitive Landscape  

The Spain 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.

Spain 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

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2022

USD 919.52 million

Revenue Forecast in 2030

USD 1444.7 million

Growth Rate

CAGR of 4.82% from 2023 to 2030

Analysis Period

2022–2030

Base Year Considered

2022

Forecast Period

2023–2030

Market Size Estimation

Million (USD)

Growth Factors

Owing to its robust utilization in industries including food & beverage, textile, automotive, and many others.

The significant presence of key market players.

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.

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Frequently Asked Questions

According to the report published by the Next Move Consulting, the Spain Industrial Process Automation Market business is expected to hit at $1444.7 million (USD) by 2030.

The Spain Industrial Process Automation Market 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.

The Spain Industrial Process Automation Market share is segmented on the basis of component and end user.

The growth of the Spain Industrial Process Automation Market is owing to its robust utilization in industries including food & beverage, textile, automotive, and many others and the significant presence of key market players.

The lack of standardization limits the growth of Industrial Process Automation Market in Spain.

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