The North America Process Automation & Instrumentation Market would witness market growth of 2.7% CAGR during the forecast period (2020-2026). Process automation and instrumentation involves the usage of computer software and technically sophisticated devices to track, manage and reduce costs by improving productivity at different manufacturing plants. Process control simplifies processes and repairs by utilizing devices at various positions across the factory to help track optimal working conditions and certain metrics including temperature and pressure.
Across the globe, growing concerns related to the planned functional safety and protection, increasing demand for energy-efficient production processes, rising labour costs, high productivity rates with minimum costs are the primary drivers of process automation & instrumentation market development. Furthermore, advancing technology in process automation & instrumentation and increasing the adoption of Process Automation & Instrumentation in emerging economies such as China, India and others will create new opportunities for the process automation & instrumentation markets. Nonetheless, the primary constraints for the process automation & instrumentation market are higher research and development costs, and higher implementation and maintenance costs of technologies and equipment.
The growing demand for automated processes and software from large companies coupled with increasing Internet of Things (IoT) adoption through various industries are some of the main factors driving the growth of the process automation and instrumentation industry. Process automation is the automation of complex and repetitive manual procedures, allowed by technology. Process automation and instrumentation optimizes communication between personnel, improves efficiency, provides accountability, reduces costs and ensures compliance by simplifying and streamlining the organizational processes.
Based on Instrument, the market is segmented into Field Instrument, Control Valve and Analytical Instrument. Based on Solution, the market is segmented into Distributed & Advanced Control System, PLC & SCADA, Functional Safety, Human Machine Interface and Others. Based on End User, the market is segmented into Chemical, Energy & Power, Oil & Gas, Food & Beverages, Pharmaceuticals, Metals & Mining and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Process Automation & Instrumentation Market in North America is expected to register a CAGR of 2.7% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, Emerson Electric Co., Schneider Electric SE, Honeywell International, Inc., General Electric (GE) Co., Mitsubishi Electric Corporation, Rockwell Automation, Inc., Yokogawa Electric Corporation, and HollySys Automation Technologies Ltd.
Scope of the North America Process Automation & Instrumentation Market Analysis
Market Segmentation:
By Instrument
- Field Instrument
- Control Valve
- Analytical Instrument
By Solution
- Distributed & Advanced Control System
- PLC & SCADA
- Functional Safety
- Human Machine Interface
- Others
By End-User
- Chemical
- Energy & Power
- Oil & Gas
- Food & Beverages
- Pharmaceuticals
- Metals & Mining
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- ABB Group
- Siemens AG
- Emerson Electric Co.
- Schneider Electric SE
- Honeywell International, Inc.
- General Electric (GE) Co.
- Mitsubishi Electric Corporation
- Rockwell Automation, Inc.
- Yokogawa Electric Corporation
- HollySys Automation Technologies Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Process Automation & Instrumentation Market, by Instrument
1.4.2 North America Process Automation & Instrumentation Market, by Solution
1.4.3 North America Process Automation & Instrumentation Market, by End User
1.4.4 North America Process Automation & Instrumentation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Mar – 2020, Jul) Leading Players
Chapter 4. North America Process Automation & Instrumentation Market by Instrument
4.1 North America Process Automation & Instrumentation Field Instrument Market by Country
4.2 North America Process Automation & Instrumentation Control Valve Market by Country
4.3 North America Process Automation & Instrumentation Analytical Instrument Market by Country
Chapter 5. North America Process Automation & Instrumentation Market by Solution
5.1 North America Distributed & Advanced Control System Process Automation & Instrumentation Market by Country
5.2 North America PLC & SCADA Process Automation & Instrumentation Market by Country
5.3 North America Functional Safety Process Automation & Instrumentation Market by Country
5.4 North America Human Machine Interface Process Automation & Instrumentation Market by Country
5.5 North America Other Solution Process Automation & Instrumentation Market by Country
Chapter 6. North America Process Automation & Instrumentation Market by End User
6.1 North America Chemical Process Automation & Instrumentation Market by Country
6.2 North America Energy & Power Process Automation & Instrumentation Market by Country
6.3 North America Oil & Gas Process Automation & Instrumentation Market by Country
6.4 North America Food & Beverages Process Automation & Instrumentation Market by Country
6.5 North America Pharmaceuticals Process Automation & Instrumentation Market by Country
6.6 North America Metals & Mining Process Automation & Instrumentation Market by Country
6.7 North America Others Process Automation & Instrumentation Market by Country
Chapter 7. North America Process Automation & Instrumentation Market by Country
7.1 US Process Automation & Instrumentation Market
7.1.1 US Process Automation & Instrumentation Market by Instrument
7.1.2 US Process Automation & Instrumentation Market by Solution
7.1.3 US Process Automation & Instrumentation Market by End User
7.2 Canada Process Automation & Instrumentation Market
7.2.1 Canada Process Automation & Instrumentation Market by Instrument
7.2.2 Canada Process Automation & Instrumentation Market by Solution
7.2.3 Canada Process Automation & Instrumentation Market by End User
7.3 Mexico Process Automation & Instrumentation Market
7.3.1 Mexico Process Automation & Instrumentation Market by Instrument
7.3.2 Mexico Process Automation & Instrumentation Market by Solution
7.3.3 Mexico Process Automation & Instrumentation Market by End User
7.4 Rest of North America Process Automation & Instrumentation Market
7.4.1 Rest of North America Process Automation & Instrumentation Market by Instrument
7.4.2 Rest of North America Process Automation & Instrumentation Market by Solution
7.4.3 Rest of North America Process Automation & Instrumentation Market by End User
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Emerson Electric Co.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Schneider Electric SE
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental And Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.5.3 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Honeywell International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.5.2 Geographical Expansions:
8.5.6 SWOT Analysis
8.6 General Electric (GE) Co.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.5.3 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Mitsubishi Electric Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.5.2 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Rockwell Automation, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Acquisition and Mergers:
8.8.5.3 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Yokogawa Electric Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Geographical Expansions:
8.1 HollySys Automation Technologies Ltd.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
TABLE 1 North America Process Automation & Instrumentation Market, 2016 - 2019, USD Million
TABLE 2 North America Process Automation & Instrumentation Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Process Automation and Instrumentation Market
TABLE 4 Product Launches And Product Expansions– Process Automation and Instrumentation Market
TABLE 5 Geographical Expansions– Process Automation and Instrumentation Market
TABLE 6 Mergers & Acquisitions – Process Automation and Instrumentation Market
TABLE 7 North America Process Automation & Instrumentation Market by Instrument, 2016 - 2019, USD Million
TABLE 8 North America Process Automation & Instrumentation Market by Instrument, 2020 - 2026, USD Million
TABLE 9 North America Process Automation & Instrumentation Field Instrument Market by Country, 2016 - 2019, USD Million
TABLE 10 North America Process Automation & Instrumentation Field Instrument Market by Country, 2020 - 2026, USD Million
TABLE 11 North America Process Automation & Instrumentation Control Valve Market by Country, 2016 - 2019, USD Million
TABLE 12 North America Process Automation & Instrumentation Control Valve Market by Country, 2020 - 2026, USD Million
TABLE 13 North America Process Automation & Instrumentation Analytical Instrument Market by Country, 2016 - 2019, USD Million
TABLE 14 North America Process Automation & Instrumentation Analytical Instrument Market by Country, 2020 - 2026, USD Million
TABLE 15 North America Process Automation & Instrumentation Market by Solution, 2016 - 2019, USD Million
TABLE 16 North America Process Automation & Instrumentation Market by Solution, 2020 - 2026, USD Million
TABLE 17 North America Distributed & Advanced Control System Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 18 North America Distributed & Advanced Control System Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 19 North America PLC & SCADA Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 20 North America PLC & SCADA Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 21 North America Functional Safety Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 22 North America Functional Safety Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 23 North America Human Machine Interface Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 24 North America Human Machine Interface Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 25 North America Other Solution Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 26 North America Other Solution Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 27 North America Process Automation & Instrumentation Market by End User, 2016 - 2019, USD Million
TABLE 28 North America Process Automation & Instrumentation Market by End User, 2020 - 2026, USD Million
TABLE 29 North America Chemical Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 30 North America Chemical Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 31 North America Energy & Power Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 32 North America Energy & Power Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 33 North America Oil & Gas Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 34 North America Oil & Gas Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 35 North America Food & Beverages Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 36 North America Food & Beverages Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 37 North America Pharmaceuticals Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 38 North America Pharmaceuticals Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 39 North America Metals & Mining Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 40 North America Metals & Mining Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 41 North America Others Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 42 North America Others Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 43 North America Process Automation & Instrumentation Market by Country, 2016 - 2019, USD Million
TABLE 44 North America Process Automation & Instrumentation Market by Country, 2020 - 2026, USD Million
TABLE 45 US Process Automation & Instrumentation Market, 2016 - 2019, USD Million
TABLE 46 US Process Automation & Instrumentation Market, 2020 - 2026, USD Million
TABLE 47 US Process Automation & Instrumentation Market by Instrument, 2016 - 2019, USD Million
TABLE 48 US Process Automation & Instrumentation Market by Instrument, 2020 - 2026, USD Million
TABLE 49 US Process Automation & Instrumentation Market by Solution, 2016 - 2019, USD Million
TABLE 50 US Process Automation & Instrumentation Market by Solution, 2020 - 2026, USD Million
TABLE 51 US Process Automation & Instrumentation Market by End User, 2016 - 2019, USD Million
TABLE 52 US Process Automation & Instrumentation Market by End User, 2020 - 2026, USD Million
TABLE 53 Canada Process Automation & Instrumentation Market, 2016 - 2019, USD Million
TABLE 54 Canada Process Automation & Instrumentation Market, 2020 - 2026, USD Million
TABLE 55 Canada Process Automation & Instrumentation Market by Instrument, 2016 - 2019, USD Million
TABLE 56 Canada Process Automation & Instrumentation Market by Instrument, 2020 - 2026, USD Million
TABLE 57 Canada Process Automation & Instrumentation Market by Solution, 2016 - 2019, USD Million
TABLE 58 Canada Process Automation & Instrumentation Market by Solution, 2020 - 2026, USD Million
TABLE 59 Canada Process Automation & Instrumentation Market by End User, 2016 - 2019, USD Million
TABLE 60 Canada Process Automation & Instrumentation Market by End User, 2020 - 2026, USD Million
TABLE 61 Mexico Process Automation & Instrumentation Market, 2016 - 2019, USD Million
TABLE 62 Mexico Process Automation & Instrumentation Market, 2020 - 2026, USD Million
TABLE 63 Mexico Process Automation & Instrumentation Market by Instrument, 2016 - 2019, USD Million
TABLE 64 Mexico Process Automation & Instrumentation Market by Instrument, 2020 - 2026, USD Million
TABLE 65 Mexico Process Automation & Instrumentation Market by Solution, 2016 - 2019, USD Million
TABLE 66 Mexico Process Automation & Instrumentation Market by Solution, 2020 - 2026, USD Million
TABLE 67 Mexico Process Automation & Instrumentation Market by End User, 2016 - 2019, USD Million
TABLE 68 Mexico Process Automation & Instrumentation Market by End User, 2020 - 2026, USD Million
TABLE 69 Rest of North America Process Automation & Instrumentation Market, 2016 - 2019, USD Million
TABLE 70 Rest of North America Process Automation & Instrumentation Market, 2020 - 2026, USD Million
TABLE 71 Rest of North America Process Automation & Instrumentation Market by Instrument, 2016 - 2019, USD Million
TABLE 72 Rest of North America Process Automation & Instrumentation Market by Instrument, 2020 - 2026, USD Million
TABLE 73 Rest of North America Process Automation & Instrumentation Market by Solution, 2016 - 2019, USD Million
TABLE 74 Rest of North America Process Automation & Instrumentation Market by Solution, 2020 - 2026, USD Million
TABLE 75 Rest of North America Process Automation & Instrumentation Market by End User, 2016 - 2019, USD Million
TABLE 76 Rest of North America Process Automation & Instrumentation Market by End User, 2020 - 2026, USD Million
TABLE 77 Key Information – ABB Group
TABLE 78 Key Information – Siemens AG
TABLE 79 Key Information – Emerson Electric Co.
TABLE 80 Key information – Schneider Electric SE
TABLE 81 Key information – Honeywell International, Inc.
TABLE 82 Key Information – General Electric (GE) Co.
TABLE 83 key information – Mitsubishi Electric Corporation
TABLE 84 Key information – Rockwell Automation, Inc.
TABLE 85 Key Information – Yokogawa Electric Corporation
TABLE 86 key Information – HollySys Automation Technologies Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Mar – 2020, Jul) Leading Players
FIG 5 Recent strategies and developments: ABB Group
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: Siemens AG
FIG 8 Swot analysis: Siemens AG
FIG 9 Recent strategies and developments: Emerson Electric Co.
FIG 10 Swot analysis: Emerson Electric CO.
FIG 11 Recent strategies and developments: Schneider Electric SE
FIG 12 Swot analysis: Schneider Electric SE
FIG 13 Recent strategies and developments: Honeywell International, Inc.
FIG 14 Swot analysis: Honeywell international, inc.
FIG 15 Recent strategies and developments: General Electric (GE) Co.
FIG 16 Swot analysis: General electric (GE) Co.
FIG 17 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 18 SWOT Analysis: Mitsubishi Electric Corporation
FIG 19 Recent strategies and developments: Rockwell Automation, Inc.
FIG 20 SWOT Analysis: Rockwell Automation, Inc.
FIG 21 Recent strategies and developments: Yokogawa Electric Corporation