Mexico 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 : SE978
Mexico Industrial Process Automation Market Overview
The Mexico Industrial Process Automation Market size was valued at USD 2.27 billion in 2023, and is predicted to reach USD 4.11 billion by 2030, at a CAGR of 8.3% from 2024 to 2030.
The industrial process automation industry focuses on providing technologies and systems designed to monitor, control, and optimize industrial operations. It involves the use of advanced computer technology, hardware, and software to automate essential processes such as inventory management, manufacturing, production, and quality control.
Key technologies in this market include sensors, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control and data acquisition (SCADA) systems. Industries such as oil and gas, chemical processing, food and beverage, and pharmaceuticals rely heavily on automation to improve efficiency, enhance product quality, and ensure workplace safety.
By lowering operational costs and reducing human errors, industrial process automation enables companies to streamline their production processes and achieve higher output with greater accuracy.
As businesses strive to boost productivity and stay competitive in an increasingly automated global manufacturing environment, the demand for automation technology continues to grow.
Rising Labor Costs Drive Industrial Automation Growth in Mexico
Mexico's growing economy has led to a rise in manufacturing and industrial activities. This economic expansion is driving the demand for industrial process automation market. Key factors contributing to this demand include rising labor costs and an increased focus on workplace safety.
Companies are investing in automation to reduce operating expenses and enhance safety. The rapid advancement of technologies such as automation, robotics, and artificial intelligence is also boosting the Mexico industrial process automation market demand. These technologies improve the efficiency and accuracy of industrial processes and distribution operations, resulting in reduced costs and higher productivity.
For example, in January 2023, ABB established a new technology and engineering center in Mexico. This center aims to enhance automation, electrical, and software engineering capabilities in the region, serving industries such as mining, pulp & paper, battery manufacturing, and metals. The center will help these sectors benefit from automation, electrification, and digitalization advancements.
Mexico Industrial Process Automation Market Overview
The Mexico Industrial Process Automation Market size was valued at USD 2.27 billion in 2023, and is predicted to reach USD 4.11 billion by 2030, at a CAGR of 8.3% from 2024 to 2030.
The industrial process automation industry focuses on providing technologies and systems designed to monitor, control, and optimize industrial operations. It involves the use of advanced computer technology, hardware, and software to automate essential processes such as inventory management, manufacturing, production, and quality control.
Key technologies in this market include sensors, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control and data acquisition (SCADA) systems. Industries such as oil and gas, chemical processing, food and beverage, and pharmaceuticals rely heavily on automation to improve efficiency, enhance product quality, and ensure workplace safety.
By lowering operational costs and reducing human errors, industrial process automation enables companies to streamline their production processes and achieve higher output with greater accuracy.
As businesses strive to boost productivity and stay competitive in an increasingly automated global manufacturing environment, the demand for automation technology continues to grow.
Rising Labor Costs Drive Industrial Automation Growth in Mexico
Mexico's growing economy has led to a rise in manufacturing and industrial activities. This economic expansion is driving the demand for industrial process automation market. Key factors contributing to this demand include rising labor costs and an increased focus on workplace safety.
Companies are investing in automation to reduce operating expenses and enhance safety. The rapid advancement of technologies such as automation, robotics, and artificial intelligence is also boosting the Mexico industrial process automation market demand. These technologies improve the efficiency and accuracy of industrial processes and distribution operations, resulting in reduced costs and higher productivity.
For example, in January 2023, ABB established a new technology and engineering center in Mexico. This center aims to enhance automation, electrical, and software engineering capabilities in the region, serving industries such as mining, pulp & paper, battery manufacturing, and metals. The center will help these sectors benefit from automation, electrification, and digitalization advancements.
Government Support for Automation in Key Industries Drives the Growth of the Market
The Mexican Government is proactively encouraging the use of automation technologies in key manufacturing sectors such as aerospace, medical devices, and automotive. This initiative aims to enhance the country's economic competitiveness.
To support this transition, the government provides tax incentives and grants to businesses investing in automation. These financial incentives help reduce the costs associated with implementing new technologies, making it easier for companies to adopt advanced automation solutions. This support not only drives the Mexico industrial process automation market growth but also boosts productivity and efficiency in these crucial industries.
Lack of Standardization Hinders the Growth of Industrial Process Automation Market
The absence of standardization poses a significant challenge to the Mexico industrial process automation market expansion. 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 hinder market growth. Companies may be reluctant to invest in automation systems if they are concerned about being tied to a particular vendor, that further restrict market development.
Industry 4.0 Technologies Paving the Way for Future Automation Opportunities
The 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 Mexico 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.
Competitive Landscape
Several players operating in the Mexico 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.
Mexico Industrial Process Automation Market Key Segments
By Component
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Manufacturing Execution Systems
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Hardware
-
Software
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Services
-
-
Distributed Control Systems
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Hardware
-
Software
-
Services
-
-
Programmable Logic Control
-
Hardware
-
Software
-
Services
-
-
Supervisory Control and Data Acquisition (SCADA)
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Hardware
-
Software
-
Services
-
-
Field Instruments
-
Industrial Robots
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Process Analyzers & Drives
By End-User
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Oil & Gas
-
Chemical & Refining
-
Energy & Power
-
Pulp & Paper
-
Metals & Mining
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Pharmaceutical
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Cement & Glass
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Others
Key Players
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Siemens AG
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Honeywell International
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Schneider Electric
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Mitsubishi Electric
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Rockwell Automation
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Emerson Electric Co.
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ABB Ltd.
-
Omron Corp.
-
Fanuc Corp.
-
Toshiba Corp.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 2.27 Billion |
|
Revenue Forecast in 2030 |
USD 4.11 Billion |
|
Growth Rate |
CAGR of 8.3% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
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. |
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