Russia 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: 19-Oct-2024 | No of Pages: 89 | No. of Tables: 59 | No. of Figures: 44 | Format: PDF | Report Code : SE989
Russia Industrial Process Automation Market Overview
Russia Industrial Process Automation Market size was valued at USD 3.38 billion in 2023, and is predicted to reach USD 4.07 billion by 2030, at a CAGR of 2.1% from 2024 to 2030.
The industrial process automation market refers to the industry that provides technologies and systems designed to monitor, control, and optimize industrial operations. It involves the integration of advanced computer technology, hardware, and software solutions to automate key processes such as inventory management, manufacturing, production, and quality control.
The key technologies include sensors, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control and data acquisition (SCADA) systems. This market serves industries such as oil and gas, chemical processing, food and beverage, and pharmaceuticals, where automation is crucial for improving operational efficiency, product quality, and workplace safety.
By reducing costs and minimizing human error, industrial process automation enables companies to streamline their production processes, ensuring higher output with greater precision. The demand for industrial process automation solutions continues to grow as businesses seek to enhance productivity and remain competitive in an increasingly automated global manufacturing environment.
Advancement in Technologies Fuels the Market Growth
Russia is advancing its Industry 4.0 efforts by focusing on integrating digital technologies such as artificial intelligence (AI), the internet of things (IoT), and industrial IoT. In partnership with the World Economic Forum, the Russian Federation has established the Centre for the Fourth Industrial Revolution (CFIR) Network.
This initiative aims to improve technology governance by developing legal frameworks and applying AI and IoT. The Centre is working on co-designing and testing new technology approaches, such as the safe use of drones and commercial aircraft and the responsible implementation of blockchain technology.
These actions highlight Russia’s dedication to enhancing digitalization and automation, that in turn drives the growth of industrial process automation through fostering innovation and better technology governance.
Presence of Oil and Gas Industry Drives the Growth of the Market in Russia
Russia’s economy is significantly reliant on its oil and gas sector, underscoring the critical role of industrial process automation in managing and monitoring production efficiently. Automation solutions are vital for optimizing production, ensuring operational safety, and enhancing efficiency within this key sector. The integration of advanced technologies enables better control over production processes, reduces operational costs, and improves overall productivity that is essential for maintaining economic stability.
Russia-Ukraine Conflict Hinders the Growth of Industrial Process Automation Market
The ongoing Russia-Ukraine conflict has significantly affected the Russian economy, causing a downturn. This situation has led several major global companies to withdraw their operations, that negatively impact the industrial process automation market. For example, in July 2022, ABB, a leading global provider of industrial automation solutions, announced its decision to exit the market due to the war and the associated international sanctions. These developments are expected to hinder the Russia industrial process automation market growth.
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 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.
Competitive Landscape
Several key market players operating in Russia industrial process automation industry include Prosoft, Mitsubishi Electric, Toshiba Corp., 1C-Business Architect, Indusoft, Ltd., and others.
Russia Industrial Process Automation Market Key Segments
By Component
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Manufacturing Execution Systems
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Hardware
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Software
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Services
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Distributed Control Systems
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Hardware
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Software
-
Services
-
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Programmable Logic Control
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Hardware
-
Software
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Services
-
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Supervisory Control and Data Acquisition (SCADA)
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Hardware
-
Software
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Services
-
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Field Instruments
-
Industrial Robots
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Process Analyzers & Drives
By End-User
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Oil & Gas
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Chemical & Refining
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Energy & Power
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Pulp & Paper
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Metals & Mining
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Pharmaceutical
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Cement & Glass
-
Others
Key Players
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Prosoft
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Mitsubishi Electric
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Toshiba Corp.
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1C-Business Architect
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Indusoft, Ltd.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 3.38 Billion |
|
Revenue Forecast in 2030 |
USD 4.07 Billion |
|
Growth Rate |
CAGR of 2.1% 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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