Italy Industrial Process Automation Market

Plastic Optic Fiber Market Report Thumbnail

Italy 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: 24-Oct-2024 | No of Pages: 123 | No. of Tables: 89 | No. of Figures: 54 | Format: PDF | Report Code : SE985

  • Facebook
  • Linkedin
  • Whatsapp

Italy Industrial Process Automation Market Overview

Italy Industrial Process Automation Market size was valued at USD 3.25 billion in 2023, and is predicted to reach USD 5.27 billion by 2030, at a CAGR of 6.6% from 2024 to 2030.  

The industrial process automation market represents the sector that delivers technologies and systems aimed at monitoring, controlling, and optimizing industrial operations. It involves integrating advanced computer technology, hardware, and software to automate critical processes such as inventory management, manufacturing, production, and quality control. 

Key technologies driving automation in this market include sensors, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control and data acquisition (SCADA) systems. This market supports industries such as oil and gas, chemical processing, food and beverage, and pharmaceuticals, where automation is essential for enhancing efficiency, improving product quality, and ensuring workplace safety. 

By reducing operational costs and minimizing human errors, industrial process automation helps companies streamline production processes, delivering higher output with greater precision. As businesses aim to improve productivity and remain competitive in an increasingly automated global manufacturing landscape, the demand for industrial process automation solutions continues to rise.

The Rising Government Initiatives Drives the Growth of The Market

Italy's diverse manufacturing sector benefits from substantial government support aimed at 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 focuses on integrating Internet of Things (IoT) technologies, machine learning, and big data with physical operations. The goal is to create a more connected and efficient industrial ecosystem, encouraging innovative and sustainable industrial research. This strong governmental backing is expected to boost the adoption of industrial process automation solutions across various sectors in Italy.

 

Strategic Partnerships in Industrial Automation

Some of the key players in Italy industrial process automation market demand are forming strategic partnerships to enhance their market presence. For example, in June 2021, Siemens Italy entered into a Memorandum of Understanding with Tecnimont, a major EPC contractor, to deliver advanced digital predictive maintenance services. 

This collaboration aims to use predictive maintenance technology to monitor critical plant assets, improve operational efficiency, and reduce maintenance costs. Such strategic partnerships are anticipated to drive growth in the industrial process automation market by providing cutting-edge solutions and enhancing overall industrial performance in Italy.

 

Lack of Standardization Hinders the Growth of Industrial Process Automation Market

The absence of standardization poses a significant challenge to the growth of the industrial process automation market. Without established standards, vendors may develop proprietary systems that are difficult to replace or upgrade. 

This can lead to vendor lock-in, where companies become dependent on a specific vendor's technology, limiting their ability to switch vendors. Vendor lock-in can result in higher costs, reduced flexibility, and decreased innovation, that hinders the Italy industrial process automation market growth. Companies may be reluctant to invest in automation systems if they are concerned about being tied to a particular vendor, thats can further restrict market development.

Industry 4.0 Technologies Paving the Way for Future Automation Opportunities

The progress in industry 4.0 technologies, including the internet of things (IoT), cloud computing, and artificial intelligence (AI), is generating considerable opportunities for the Italy industrial process automation market expansion. 

These advancements enable companies to gather and analyze vast amounts of data in real time, offering critical insights into their operations and identifying areas for improvement. As technology continues to advance, industry participants are partnering with tech-focused firms to create new solutions based on established technologies.

 

Competitive Landscape  

Several key players operating in Italy 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.

Italy 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

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 3.25 Billion

Revenue Forecast in 2030

USD 5.27 Billion

Growth Rate

CAGR of 6.6% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Billion (USD)

Growth Factors

  • The rising government initiatives drives the growth of the market.
  • The strategic partnership between key market players further fuels the growth of the market.

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.

Bar chart Pie chart Pie chart

Frequently Asked Questions

According to Next Move Strategy Consulting, Italy industrial process automation industry size reached USD 3.25 billion in 2023.

The key players operating in the Italy industrial process automation market are Siemens AG, Honeywell International, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Emerson Electric Co., ABB Ltd., Omron Corp., Fanuc Corp., Toshiba Corp., and others.

According to the Next Move Strategy Consulting, the size of the Italy industrial process automation market is estimated to reach USD 5.27 billion by 2030, at a CAGR of 6.6% from 2024 to 2030.

The lack of standardization hinders the Italy industrial process automation industry.

The advancement in industry 4.0 technologies such as internet of things (IOT), cloud computing, and artificial intelligence (AI) is anticipated to create future opportunity for the Italy industrial process automation market.

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

popular
$2,575
$1,575
$3,875
$2,975

This website uses cookies to ensure you get the best experience on our website. Learn more