Europe Industrial Process Automation Market by Component (Manufacturing Execution System (MES), Distributed Control System (DCS), Programmable Logic Control (PLC), Supervisory Control & Data Acquisition (SCADA), Field Instruments, Industrial Robots, and Process Analyzers and Drives), and by End-User (Oil & Gas, Chemical & Refining, Energy & Power, Pulp & Paper, Metals & Mining, Pharmaceutical, Cement & Glass, and Others) – Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Semiconductor & Electronics | Publish Date: 17-Oct-2024 | No of Pages: 219 | No. of Tables: 116 | No. of Figures: 81 | Format: PDF | Report Code : SE981
Europe Industrial Process Automation Market Overview
The Europe Industrial Process Automation Market size was valued at USD 22.01 billion in 2023, and is predicted to reach USD 31.22 billion by 2030, at a CAGR of 4.6% from 2024 to 2030. The industrial process automation sector encompasses the industry that delivers technologies and systems aimed at monitoring, controlling, and optimizing industrial operations.
It integrates advanced computer technologies, hardware, and software to automate essential processes such as inventory management, manufacturing, production, and quality control. Key technologies driving this market include sensors, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control and data acquisition (SCADA) systems.
This market caters to industries such as oil and gas, chemical processing, food and beverage, and pharmaceuticals, where automation plays a critical role in enhancing efficiency, product quality, and workplace safety. By reducing costs and minimizing human errors, industrial process automation allows companies to streamline production, resulting in higher output with greater accuracy.
As businesses increasingly seek to boost productivity and stay competitive in a rapidly automating global manufacturing landscape, the demand for automation software continues to rise.
Advancements in Automation Technology Drives the Market Growth
The rapid advancements in automation technology are significantly driving the adoption of industrial process automation market across various industries in Europe, including chemical, petrochemical, paper, and pharmaceutical sectors.
Key innovations such as collaborative robots, 5G networks, and edge computing are enabling businesses to automate increasingly complex tasks. Collaborative robots enhance operational flexibility by working alongside human operators, while 5G networks offer faster and more reliable data transmission, crucial for real-time process control.
Edge computing allows for efficient data processing at the source, reducing latency and improving decision-making. These technological advancements collectively enhance efficiency and productivity, allowing industries to streamline their operations and maintain a competitive edge in the market. By integrating these advanced technologies, companies can optimize their processes, achieve higher performance levels, and respond more effectively to evolving Europe industrial process automation market demand.
Stringent Environmental Regulations Boost the Market Growth
The stringent environmental regulations are driving the adoption of automation technologies that assist businesses in reducing waste, lowering emissions, and conserving energy. For instance, energy-efficient sensors and smart building systems are increasingly being used to minimize environmental impact while simultaneously boosting profitability.
These advanced technologies enable companies to optimize their operations, align with sustainability objectives, and achieve better financial outcomes. By implementing such solutions, businesses not only comply with regulatory requirements but also enhance their operational efficiency and economic performance. This dual benefit underscores the importance of automation in meeting both environmental and financial goals.
Lack of Standardization Hinders the Growth of Industrial Process Automation Market
The lack of standardization presents a significant challenge to the Europe industrial process automation market growth. Without established standards, vendors may create proprietary systems that are difficult to replace or upgrade. This can lead to vendor lock-in, where companies become reliant on a particular vendor's technology, limiting their ability to switch to alternative solutions.
Vendor lock-in often results in higher costs, reduced flexibility, and decreased innovation, that hinder market growth. Concerns about being restricted to a single vendor's technology may cause companies to hesitate in investing in automation systems, further impeding the Europe industrial process automation market expansion.
Industry 4.0 Technologies Paving the Way for Future Automation Opportunities
Advancements in Industry 4.0 technologies, such as the Internet of Things (IoT), cloud computing, and artificial intelligence (AI), are opening up significant opportunities for the Europe industrial process automation market trends.
These technologies allow companies to gather and analyze large amounts of data in real-time, offering valuable insights into their operations and highlighting areas for improvement. As technology evolves quickly, market participants are partnering with tech-focused companies to create new solutions based on established technologies.
Germany Holds the Dominant Market Share in Europe Industrial Process Automation Market
A global leader in industries such as chemical, electrical, automotive, and mechanical engineering, the demand for industrial automation solutions is rising, particularly in the automotive sector.
Major automakers such as Volkswagen, Mercedes-Benz, Audi, and Porsche are increasingly adopting automation technologies, including Human-Machine Interface (HMI) systems and industrial robots, to streamline internal logistics and meet growing consumer demand.
This trend is part of a broader rise in automation across Europe, driven by increased industrialization. With 2.9% of its GDP invested in manufacturing innovation, well above the OECD average of 2.4%, the country has solidified its leadership in global automotive manufacturing and the industrial process automation sector in Germany.
The technological advancements are playing a key role in driving the Europe industrial process automation market expansion as leading companies such as Siemens, Schneider Electric SE, and Emerson Electric Company are heavily investing in emerging technologies such as cloud computing, artificial intelligence (AI), and advanced robotics.
These innovations aim to optimize factory operations and boost productivity, showcasing the transformative impact of cutting-edge technology on the industry. As businesses increasingly adopt these technologies to enhance efficiency and remain competitive, the Europe industrial process automation market is set to experience significant growth.
Italy to Witness Substantial Growth in the Europe Industrial Process Automation Market
The diverse manufacturing sector is seeing significant growth, supported by the government's strong focus on advancing Industry 4.0. In March 2022, the Italian government allocated USD 1.01 billion through the National Recovery and Resilience Plan (PNRR) to promote Industry 4.0 initiatives. This funding aims to integrate technologies such as the Internet of Things (IoT), machine learning, and big data with physical operations, creating a more connected and efficient industrial ecosystem.
By encouraging innovative and sustainable industrial research, this governmental support is driving the adoption of industrial process automation solutions across various sectors, further strengthening the market's growth in Italy.
Some of the key players in the industrial process automation sector are strengthening their presence through strategic partnerships. For instance, in June 2021, Siemens Italy signed a Memorandum of Understanding with Tecnimont, a prominent EPC contractor, to deliver advanced digital predictive maintenance services.
This collaboration focuses on leveraging predictive maintenance technology to monitor critical plant assets, enhance operational efficiency, and reduce maintenance costs. These strategic alliances are expected to drive the growth of the industrial process automation industry by offering innovative solutions and improving industrial performance across various sectors in Italy.
Competitive Landscape
Several key players operating in the Europe industrial process automation industry include Siemens AG, Honeywell International, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Emerson Electric Co., ABB Ltd., Omron Corp., Fanuc Corp., Toshiba Corp., and others.
Europe Industrial Process Automation Market Key Segments
By Component
-
Manufacturing Execution Systems
-
Hardware
-
Software
-
Services
-
-
Distributed Control Systems
-
Hardware
-
Software
-
Services
-
-
Programmable Logic Control
-
Hardware
-
Software
-
Services
-
-
Supervisory Control and Data Acquisition (SCADA)
-
Hardware
-
Software
-
Services
-
-
Field Instruments
-
Industrial Robots
-
Process Analyzers & Drives
By End-User
-
Oil & Gas
-
Chemical & Refining
-
Energy & Power
-
Pulp & Paper
-
Metals & Mining
-
Pharmaceutical
-
Cement & Glass
-
Others
By Country
-
The UK
-
Germany
-
France
-
Italy
-
Spain
-
Denmark
-
Netherland
-
Finland
-
Sweden
-
Norway
-
Russia
-
Rest of Europe
Key Players
-
Siemens AG
-
Honeywell International
-
Schneider Electric
-
Mitsubishi Electric
-
Rockwell Automation
-
Emerson Electric Co.
-
ABB Ltd.
-
Omron Corp.
-
Fanuc Corp.
-
Toshiba Corp.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 22.01 Billion |
|
Revenue Forecast in 2030 |
USD 31.22 Billion |
|
Growth Rate |
CAGR of 4.6% from 2024 to 2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Countries Covered |
12 |
|
Companies Profiled |
10 |
|
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. |
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
Speak to Our Analyst
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...
