The Latin America, Middle East and Africa Automation and Instrumentation In Power Market would witness market growth of 8.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automation and Instrumentation In Power Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $959.1 Million by 2031. The Argentina market is capturing a CAGR of 10.1% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 7.7% during (2024 - 2031).
The growing penetration of renewable energy sources such as solar and wind necessitates adopting automation and instrumentation to manage their variability and intermittent. Power companies invest in smart grid technologies, energy storage systems, and grid-balancing solutions to integrate renewable energy into the grid effectively, reduce reliance on fossil fuels, and meet sustainability goals.
With the growing adoption of digital technologies like cloud computing, data analytics, and the Internet of Things (IoT), the power industry is experiencing a digital revolution. These technologies enable optimizing power generation, transmission, and distribution networks and implementing real-time monitoring and predictive maintenance.
The growing investments in the renewable energy sector in Abu Dhabi are significantly impacting the automation and instrumentation in power market. Abu Dhabi’s commitment to expanding its renewable energy capacity, particularly solar and wind, drives demand for advanced technologies and solutions to support this transition. According to information from the United Arab Emirates Embassy in Washington, Abu Dhabi has allocated over $20 billion towards renewable energy initiatives via Masdar. Over the past decade, this investment has resulted in a 400 percent expansion of the UAE’s renewable energy portfolio. Investments in renewable energy promote the establishment of research and innovation hubs in Abu Dhabi. These hubs focus on developing cutting-edge automation and instrumentation technologies tailored to the needs of the renewable energy sector. Therefore, increasing investment in the renewable energy sector is driving the market's growth.
Free Valuable Insights: The Worldwide Automation and Instrumentation In Power Market is Projected to reach USD 51.7 Billion by 2031, at a CAGR of 7.0%
Based on Instrument, the market is segmented into Field Instruments, and Process Analyzers. Based on Solution, the market is segmented into Programmable Logic Controller (PLC), Distributed Control System (DCS), Safety Automation Supervisory Control and Data Acquisition (SCADA), Human Machine Interaction (HMI), Advanced Process Control (APC), and Manufacturing Execution System (MES). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Instrument
By Solution
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 