In 2024, the global process automation and instrumentation market was valued at USD 74.45 billion, and this figure is projected to grow to USD 106.49 billion by 2030, representing a compound annual growth rate (CAGR) of 5.9% from 2025 to 2030. Growth in the market is being driven by industrial demand for cost optimization combined with productivity improvements.

Key Market Trends & Insights

  • In 2024, North America led the market in terms of revenue share, accounting for 40.4%.
  • The Asia Pacific region is forecast to see the fastest growth, with a CAGR of 7% between 2025 and 2030.
  • By instrument type, field instruments were the dominant category in 2024, holding the largest share (60.4%) due to their essential role in real-time monitoring across industries like oil & gas, water treatment, and manufacturing.
  • Among solutions, programmable logic controllers (PLCs) held the highest revenue share in 2024, valued for their reliability and scalability in executing real-time control across various industries.
  • From the perspective of end use, the oil & gas segment occupied the largest revenue share in 2024.

Market Size & Forecast

  • 2024 market size: USD 74.45 billion.
  • 2030 projected market size: USD 106.49 billion.
  • CAGR (2025–2030): 5.9%.
  • Regional highlights: North America remains the largest market in 2024
  • Asia Pacific is expected to grow the fastest in coming years.

Technological integration is a major driver. Adoption of cyber-physical systems, Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) are reshaping process automation and instrumentation, enabling better predictive maintenance, yield improvement, and energy efficiency. Another important trend is the shift to remote monitoring and control, especially in dangerous, dispersed, or offshore environments, which enhances safety, cuts labor costs, and supports continuous operations. Smart manufacturing and Industry 4.0 initiatives are also accelerating demand, as are stronger investments by governments in infrastructure and manufacturing expansion. Regulatory requirements, particularly in pharmaceuticals, are pushing firms to improve process control, traceability, and quality assurance.

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Key Companies & Market Share Insight

Market leadership is concentrated among established firms with broad portfolios covering hardware, software, analytics, and digitalization. These players are focusing on technological innovation, integrating IoT/AI/ML, expanding service offerings, and aligning with sustainability goals. Enhancements like cloud-based automation solutions and advanced analytics are central in efforts to stay competitive and meet evolving industry standards and safety regulations.

Key Companies

The leading companies in this market include:

  • Siemens AG
  • Schneider Electric
  • Emerson Electric Co.
  • Rockwell Automation, Inc.
  • ABB Ltd.
  • Honeywell International Inc.
  • Yokogawa Electric Corporation
  • Endress+Hauser, Inc.
  • FANUC Corporation
  • Omron Corporation

Conclusion

The process automation and instrumentation market is on a clear growth path, moving from USD 74.45 billion in 2024 to an expected USD 106.49 billion by 2030 at a CAGR of 5.9%. Dominated by North America and led by field instruments, PLCs, and oil & gas, the market is increasingly shaped by smart technologies such as IoT, AI, ML, and cloud-based systems. Companies that combine strong technical capabilities with innovation, regulatory compliance, and digital transformation are best positioned to lead in this evolving landscape. With expanding growth in Asia Pacific and increasing adoption in sectors like pharmaceuticals, the industry is poised for both geographical and technological shifts in the coming years.

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