Industry: Semiconductor & Electronics | Publish Date: 21-Dec-2024 | No of Pages: 123 | No. of Tables: 89 | No. of Figures: 54 | Format: PDF | Report Code : SE1008
The Middle East Industrial Process Automation Market size was valued at USD 3.47 billion in 2023, and is predicted to reach USD 5.51 billion by 2030, at a CAGR of 6.3% from 2024 to 2030. The industrial process automation sector focuses on providing technologies and systems designed to monitor, control, and optimize industrial operations.
This process control system 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 industrial automation solutions continues to grow.
The oil and gas industry serves as a cornerstone of the Middle East economy, heavily relying on advanced technologies such as Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), and Human-Machine Interfaces (HMI) to ensure efficient and safe extraction and processing of oil and gas reserves.
Saudi Arabia, a leading player in this sector, holds 15% of the world’s proven oil reserves and is the largest exporter of crude oil globally. With a production capacity of nearly 12 million barrels per day, the country’s extensive use of automation technologies is critical to managing its vast resources effectively.
The significant role of automation in maintaining operational efficiency and safety in this industry underscores its importance in the region’s economic framework and drives the growth of the industrial process automation market.
The various government initiatives launched by the government of various countries such as Saudi Arabia, UAE, and Iran among others for automation drives the Middle East industrial process automation market growth as the United Arab Emirates (UAE) is actively promoting factory automation through strategic government initiatives.
The Dubai Robotics and Automation (R&A) Programme, launched by the Dubai Crown Prince in September 2022, exemplifies this commitment. The program aims to advance the development, testing, and adoption of robotics and automation technologies, that are integral to industrial process automation.
By focusing on research and development, and supporting the deployment of these technologies, the program is expected to enhance efficiency, reduce costs, and improve product quality across various manufacturing sectors in the UAE. Such government-backed initiatives create a favorable environment for investments in automation solutions, contributing significantly to the market's growth in the Middle East region.
The lack of standardization is a major challenge that can limit the Middle East industrial process automation market expansion. Without common standards, vendors may develop proprietary systems that are hard to replace or upgrade. This can result in vendor lock-in, where companies become dependent on a specific vendor’s technology, restricting their ability to switch to other vendors.
Vendor lock-in often leads to increased costs, reduced flexibility, and less innovation, that negatively affect market growth. Companies might hesitate to invest in automation systems if they are worried about being tied to one vendor’s technology, further slowing the market growth.
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 Middle East industrial process automation market.
These technologies allow companies to gather and analyse 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.
Several players operating in the Middle East 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.
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
Oil & Gas
Chemical & Refining
Energy & Power
Pulp & Paper
Metals & Mining
Pharmaceutical
Cement & Glass
Others
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 3.47 Billion |
Revenue Forecast in 2030 |
USD 5.51 Billion |
Growth Rate |
CAGR of 6.3% 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. |