The growing adoption of technologies such as IoT & AI and the presence of automotive manufacturing sectors are driving up demand for the U.S. Industrial Process Automation market during the forecast period.

U.S. Industrial Process Automation Market was valued at USD 11.62 billion in 2022, and is predicted to reach USD 17.40 billion by 2030, with a CAGR of 4.27% from 2023 to 2030, according to new research by Next Move Strategy Consulting. The United States is at the forefront of embracing IoT and AI technologies, integral elements of Industry 4.0. The rising adoption of these technologies in various sectors, including automotive and pharmaceuticals, is driving the need for industrial process automation solutions throughout the country. 

In addition, the US companies are increasingly focused on reducing their energy consumption and carbon footprint through the implementation of sustainable production practices and energy-efficient technologies. This focus has led to a growing demand for energy-efficient automation solutions. Thus, contributing significant growth for the industrial process automation market.

However, A major obstacle hindering the expansion of the industrial process automation market is the lack of standardization. In the absence of uniform protocols, vendors might create proprietary systems that pose difficulties when it comes to substitution or enhancement. This can lead to vendor lock-in, wherein companies rely on a particular vendor's technology, limiting their adaptability to engage with various service providers. 

Vendor lock-in can lead to increased costs, reduced adaptability, and less room for innovation, all of which can have a detrimental impact on the industrial process automation market's expansion. Such concerns about being locked into a specific vendor's technology may deter companies from investing in automation systems, thus constraining market growth.

On the other hand, 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 enhance industrial process control and transparency, delivering significant cost savings on hardware, software, and infrastructure maintenance and upgrades. This frees up resources for investment in core competencies and other strategic areas. The growing adoption of cloud-based solutions for managing and leveraging 3D reality capture data reflects the clear and increasing interest in these technologies. 

For instance, in January 2022, Accenture made a strategic investment via Accenture Ventures in Cintoo, a company that offers cloud-based solutions for the management and utilization of 3D data acquired from reality capture devices. As a result, continued growth and innovation in the industrial process automation industry is expected in the future.

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According to the report, leading players in the U.S. Industrial Process Automation market include 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.

Key Insights from the U.S. Industrial Process Automation Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the U.S. Industrial Process Automation market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the U.S. Industrial Process Automation market is provided in the report along with their competitive analysis.