Thailand 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: 123 | No. of Tables: 89 | No. of Figures: 54 | Format: PDF | Report Code : SE1004
Thailand Industrial Process Automation Market Overview
Thailand Industrial Process Automation Market size was valued at USD 465.0 million in 2023, and is predicted to reach USD 752.4 million by 2030, at a CAGR of 6.5% 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 market 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.
Expansion of Renewable Energy Infrastructure Driving Demand for Advanced Automation Systems in Thailand
Thailand's emphasis on increasing the use of renewable energy sources such as hydroelectric, wind, and solar power led to the Thailand industrial process automation market expansion of its power generation and distribution infrastructure. For example, in February 2023, the Federation of Thai Industries (FTI) partnered with the Thailand Greenhouse Gas Management Organization to launch the FTIX platform.
This initiative is designed to boost the adoption of carbon credits, renewable energy, and renewable energy certificates (REC) among enterprises striving to achieve 100% renewable energy usage. Given that renewable energy sources are often decentralized and intermittent, they necessitate advanced control and automation systems, such as Distributed Control Systems (DCS), Programmable Logic Controllers (PLC), and Manufacturing Execution Systems (MES), to ensure their efficient and reliable operation.
The Rising Government Initiatives Driving Adoption of Industrial Process Automation
The Thai government's Thailand 4.0 initiative is advancing public services by promoting the adoption of modern solutions, significantly driving the growth of industrial process automation in the country. This initiative emphasizes enhancing efficiency and productivity across various industries through advanced automation technologies, including industrial robots, sensors, and Distributed Control Systems (DCS). For example, Thailand's Industry Ministry aims to establish itself as a global leader in robotics and automation technology by 2026, reflecting the rising Thailand industrial process automation market demand for sophisticated and interconnected control systems. This focus on modernization and efficiency is expected to further accelerate the growth of the industrial process automation market in Thailand.
Lack of Standardization Hinders the Growth of Industrial Process Automation Market
The absence of standardization poses a significant challenge to the industrial process automation market. Without established standards, vendors may develop proprietary systems that are difficult to replace or upgrade, leading to vendor lock-in. This lock-in occurs when companies become dependent on a specific vendor's technology, limiting their flexibility and ability to switch vendors. Consequently, this can result in higher costs, reduced flexibility, and diminished innovation, all of that hinder in Thailand industrial process automation market growth. Concerns about being tied to a single vendor may also make companies hesitant to invest in automation systems, further impeding 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 industrial process automation market. 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 key players operating in Thailand 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.
Thailand 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
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Services
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Programmable Logic Control
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Hardware
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Software
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Services
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Supervisory Control and Data Acquisition (SCADA)
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Hardware
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Software
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Services
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Field Instruments
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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
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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.
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Omron Corp.
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Fanuc Corp.
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Toshiba Corp.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 465.0 Million |
|
Revenue Forecast in 2030 |
USD 752.4 Million |
|
Growth Rate |
CAGR of 6.5% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (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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