프로세스 자동화 및 계측 시장 : 계측 기기별, 솔루션별, 업계별, 지역별 - 예측(-2029년)

The global process automation and instrumentation market is expected to be valued at USD 74.2 billion in 2024 and is projected to reach USD 98.6 billion by 2029 and grow at a CAGR of 5.9%. The growth of this market is driven by the increasing demand for operational efficiency and the adoption of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning across various industries.

"Energy & Power industry is expected to hold significant market share during the forecast period"

The energy and power industry is set to gain a significant market share in the process automation and instrumentation market due to the increasing importance of efficiency, safety and reliability. With increasing global energy demand, companies are increasingly adopting automation technologies to improve production efficiency, reduce costs and increase safety. Automation solutions such as distributed control systems (DCS) and supervisory control data acquisition systems (SCADA) enable real-time monitoring and enhance response time and system stability. Advanced analysis and predictive maintenance further lowers operating time and preventing mechanical malfunctions. Companies' focus on digital transformation and regulatory compliance is driving automation adoption, ensuring a strong market presence and commitment to innovation and operational excellence.

"Process Analyzer segment is expected to witness highest CAGR during the forecast period."

Process analyzers are expected to hold the highest CAGR rate in the process automation and instrumentation market. This growth is due to the key role played in technical quality and operational efficiency. Demand for precision analytics tools has increased as companies focus on improving processes and complying with stringent regulations. Process analyzers provide real-time data on parameters such as composition and concentration, enabling instant adjustments in production. This is especially important in industries such as oil and gas, chemicals and pharmaceuticals. The adoption of digital technologies such as the Industrial Internet of Things (IIoT) and advanced analytics makes process analyzers even more efficient, facilitating predictive maintenance and better decision making. As companies prioritize automation to increase efficiency and reduced costs can increase substantially, which highlights their increasing importance in modern industrial applications.

"HMI to witness highest CAGR for the solution segment during the forecast period."

The human-machine interface (HMI) segment is expected to have the highest compound annual growth rate (CAGR) in the process automation market, driven by its increasing adoption across industries. Real-time data visualization and control capabilities enable operators to communicate effectively with the systems. The increasing demand for flexible and user-friendly applications, especially in industries such as manufacturing, oil and gas, and pharmaceuticals, has led to advanced HMIs. Furthermore, integrating HMIs with other manufacturing technologies, such as the Industrial Internet of Things (IIoT), enhances their efficiency and makes them an important component in the automation of complex industrial processes of the industry as companies prioritize efficiency, safety and compliance. Demand will continue to grow rapidly, contributing to their highest CAGR in the process automation and equipment market.

"North America is likely to hold prominent market share in 2024."

The process automation & instrumentation market in the North America is categorized further into US, Canada, and Mexico. The Americas dominates the process automation & instrumentation market due to its technological leadership, supportive government policies, diverse market opportunities, and active research and development. Several other factors have contributed to this growth, such as increasing demand for automation in key industries such as food and beverage, automotive, pharmaceutical and aviation, where efficiency and cost reduction are key components. North America's early adoption of digital technologies such as AI and big data analytics is well positioned to leverage these advances for further advancements in the process automation and equipment landscape.

Breakdown of primaries

A variety of executives from key organizations operating in the process automation & instrumentation market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.

• By Company Type: Tier 1 - 45%, Tier 2 - 35%, and Tier 3 - 20%
• By Designation: C-level Executives - 40%, Directors - 45%, and others - 15%
• By Region: North America - 29%, Europe - 27%, Asia Pacific - 36%, and RoW - 8%

Major players profiled in this report are as follows: ABB (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), and Schneider Electric (France), and others.

These leading companies possess a wide portfolio of products and solutions, establishing a prominent presence in established as well as emerging markets. The study provides a detailed competitive analysis of these key players in the process automation & instrumentation market, presenting their company profiles, most recent developments, and key market strategies.

Research Coverage

In this report, the process automation and instrumentation market has been segmented based on instrument, solution, industry, and region. The process automation and instrumentation market based on instrument has been segmented into field instruments and process analyzers. Based on solution, the market is segmented into PLC, DCS, SCADA, HMI, functional safety, and MES. Based on industry, the market has been segmented into oil & gas, chemicals, pulp & paper, pharmaceuticals, metals & mining, food & beverages, energy & power, water & wastewater treatment, and others.The study also forecasts the size of the market in four main regions-North America, Europe, APAC, and RoW.

Reasons to buy the report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the process automation & instrumentation market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Key Benefits of Buying the Report

• Analysis of key drivers (I, Growing need for efficient utilization of resources, Rising trend of connected enterprises in process industries, ncreasing focus of manufacturing firms on achieving cost saving and better efficiency, Growth in emerging economies),restraints (High implementation and maintenance costs associated with process automation, Regulatory Compliance and Standards, Limited product differentiation), opportunities (Surging demand for safety automation systems across process industries, Growing adoption of Industry 4.0 by manufacturing firms, Rising need for efficient multivariable pressure transmitter, Increasing adoption of lloT across industries, Rise of Cloud-based Solutions), and challenges (Cyber attacks and security threats, Shortage of skilled personnel to operate sophisticated automation system, Integration with existing systems and infrastructure) influencing the growth of the process automation & instrumentation market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the process automation & instrumentation market.
• Market Development: Comprehensive information about lucrative markets - the report analyses the process automation & instrumentation market across varied regions.
• Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the process automation & instrumentation market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), and Schneider Electric (France), and others.

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
  • 1.3.2 YEARS CONSIDERED
  • 1.3.3 INCLUSIONS AND EXCLUSIONS
• 1.4 CURRENCY CONSIDERED
• 1.5 UNITS CONSIDERED
• 1.6 LIMITATIONS
• 1.7 STAKEHOLDERS
• 1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH APPROACH
  • 2.1.1 SECONDARY AND PRIMARY RESEARCH
  • 2.1.2 SECONDARY DATA
    • 2.1.2.1 List of key secondary sources
    • 2.1.2.2 Key data from secondary sources
  • 2.1.3 PRIMARY DATA
    • 2.1.3.1 Intended participants and key opinion leaders in primary interviews
    • 2.1.3.2 Key data from primary sources
    • 2.1.3.3 Key industry insights
    • 2.1.3.4 Breakdown of primaries
• 2.2 MARKET SIZE ESTIMATION
  • 2.2.1 BOTTOM-UP APPROACH
    • 2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side)
  • 2.2.2 TOP-DOWN APPROACH
    • 2.2.2.1 Approach to estimate market size using top-down analysis (supply side)
• 2.3 DATA TRIANGULATION
• 2.4 RESEARCH ASSUMPTIONS
• 2.5 RESEARCH LIMITATIONS
• 2.6 RISK ANALYSIS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN PROCESS AUTOMATION AND INSTRUMENTATION MARKET
• 4.2 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION
• 4.3 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY
• 4.4 PROCESS AUTOMATION AND INSTRUMENTATION MARKET IN ASIA PACIFIC, BY SOLUTION AND COUNTRY
• 4.5 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT
• 4.6 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY COUNTRY

5 MARKET OVERVIEW

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 High energy consumption due to rapid urbanization
    • 5.2.1.2 Integration of advanced systems and software for resource utilization
    • 5.2.1.3 Adoption of connected enterprises in process industries
    • 5.2.1.4 Favorable regulations and policies in developing countries
    • 5.2.1.5 Increasing demand for functional safety products
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 High implementation and maintenance costs
    • 5.2.2.2 Complex regulatory standards
    • 5.2.2.3 Soaring competition due to similar product functionalities
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Adoption of Industry 4.0 in manufacturing sectors
    • 5.2.3.2 Integration of sensors with microprocessor technologies
    • 5.2.3.3 Shift from traditional production methods to digitalized processes
    • 5.2.3.4 Adoption of cloud-based solutions
  • 5.2.4 CHALLENGES
    • 5.2.4.1 Vulnerability to cyberattacks
    • 5.2.4.2 Shortage of skilled personnel to operate sophisticated automation systems
    • 5.2.4.3 Tedious process of integrating automated solutions with existing systems and infrastructure
• 5.3 VALUE CHAIN ANALYSIS
• 5.4 ECOSYSTEM ANALYSIS
• 5.5 INVESTMENT AND FUNDING SCENARIO
• 5.6 PRICING ANALYSIS
  • 5.6.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PLC INPUT
  • 5.6.2 INDICATIVE PRICING TREND OF REMOTE TERMINAL UNITS, BY REGION
• 5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.8 TECHNOLOGY ANALYSIS
  • 5.8.1 KEY TECHNOLOGIES
    • 5.8.1.1 AI and ML
    • 5.8.1.2 IoT
  • 5.8.2 COMPLEMENTARY TECHNOLOGIES
    • 5.8.2.1 Cloud computing
    • 5.8.2.2 NLP
  • 5.8.3 ADJACENT TECHNOLOGIES
    • 5.8.3.1 Blockchain
    • 5.8.3.2 Cybersecurity
• 5.9 PORTER'S FIVE FORCES ANALYSIS
  • 5.9.1 THREAT OF NEW ENTRANTS
  • 5.9.2 THREAT OF SUBSTITUTES
  • 5.9.3 BARGAINING POWER OF SUPPLIERS
  • 5.9.4 BARGAINING POWER OF BUYERS
  • 5.9.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.10.2 BUYING CRITERIA
• 5.11 CASE STUDY ANALYSIS
  • 5.11.1 INDIAN OIL CORPORATION ENHANCED POWER SYSTEM OPERATIONS WITH HONEYWELL'S SCADA-INTEGRATED SOLUTION
  • 5.11.2 ABB ASSISTED NORSKE SHELL IN DEPLOYING INTEGRATED PROCESS AUTOMATION SYSTEMS TO MONITOR PRODUCTION PROCESSES EFFICIENTLY
  • 5.11.3 ABB PROVIDED LONG-TERM MAINTENANCE SUPPORT TO BRAZILIAN OIL FIELDS TO IMPROVE OPERATIONAL EFFICIENCY
  • 5.11.4 EMERSON HELPED ITALIAN SHOPPING MALLS ENHANCE SAFETY AND REDUCE ELECTRICITY CONSUMPTION WITH MOVICON SCADA SOFTWARE
  • 5.11.5 EMERSON'S DELTAV ENABLED REMOTE MONITORING AND PROACTIVE MAINTENANCE FOR PLANT PERSONNEL
• 5.12 TRADE ANALYSIS
  • 5.12.1 IMPORT DATA (HS CODE 9026)
  • 5.12.2 EXPORT DATA (HS CODE 9026)
• 5.13 PATENT ANALYSIS
• 5.14 KEY CONFERENCES AND EVENTS, 2024-2025
• 5.15 REGULATORY LANDSCAPE
  • 5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.15.2 STANDARDS
  • 5.15.3 REGULATIONS
• 5.16 COMMUNICATION PROTOCOLS
  • 5.16.1 WIRED COMMUNICATION PROTOCOLS
    • 5.16.1.1 USB protocol
    • 5.16.1.2 UART protocol
    • 5.16.1.3 SPI protocol
    • 5.16.1.4 I2C protocol
    • 5.16.1.5 CAN protocol
  • 5.16.2 WIRELESS COMMUNICATION PROTOCOLS
    • 5.16.2.1 Wi-Fi
    • 5.16.2.2 Bluetooth
    • 5.16.2.3 Zigbee
    • 5.16.2.4 3G & 4G cellular
    • 5.16.2.5 Other wireless communication protocols
• 5.17 IMPACT OF AI/GENERATIVE AI ON PROCESS AUTOMATION AND INSTRUMENTATION MARKET
  • 5.17.1 USE CASES
  • 5.17.2 KEY COMPANIES IMPLEMENTING AI
  • 5.17.3 CHALLENGES ASSOCIATED WITH AI/GENERATIVE AI
  • 5.17.4 FUTURE OF AI IN MANUFACTURING SECTOR

6 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INSTRUMENT

• 6.1 INTRODUCTION
• 6.2 FIELD INSTRUMENTS
  • 6.2.1 FIELD INSTRUMENTS, BY TYPE
    • 6.2.1.1 Level transmitters
      • 6.2.1.1.1 Growing application in petrochemicals and water & wastewater treatment industries to foster market growth
    • 6.2.1.2 Pressure transmitters
      • 6.2.1.2.1 Rising oil & gas exploration activities to drive market
    • 6.2.1.3 Temperature transmitters
      • 6.2.1.3.1 Increasing use in pharmaceutical manufacturing to boost demand
    • 6.2.1.4 Other field instruments
• 6.3 PROCESS ANALYZERS
  • 6.3.1 PROCESS ANALYZERS, BY TYPE
    • 6.3.1.1 Gas analyzers
      • 6.3.1.1.1 Ability to determine qualitative and quantitative composition of gas mixtures to boost demand
      • 6.3.1.1.2 Oxygen analyzers
      • 6.3.1.1.3 CO2 analyzers
      • 6.3.1.1.4 Moisture analyzers
      • 6.3.1.1.5 Toxic gas analyzers
      • 6.3.1.1.6 Hydrogen sulfide analyzers
    • 6.3.1.2 Liquid analyzers
      • 6.3.1.2.1 Ongoing technological developments to offer lucrative growth opportunities
      • 6.3.1.2.2 pH/ORP analyzers
      • 6.3.1.2.3 Conductivity analyzers
      • 6.3.1.2.4 Turbidity analyzers
      • 6.3.1.2.5 Dissolved oxygen analyzers
      • 6.3.1.2.6 Liquid density analyzers
      • 6.3.1.2.7 MLSS analyzers
      • 6.3.1.2.8 TOC analyzers

7 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY SOLUTION

• 7.1 INTRODUCTION
• 7.2 PLC
  • 7.2.1 GROWING APPLICATION OF MICRO AND NANO CONTROLLERS IN PROCESS INDUSTRIES TO FUEL MARKET GROWTH
• 7.3 DCS
  • 7.3.1 REDUCED EXPENSES WITH OPERATIONAL EFFICIENCY TO SPUR DEMAND
  • 7.3.2 DCS, BY OFFERING
    • 7.3.2.1 DCS, by software
    • 7.3.2.2 DCS, by hardware
    • 7.3.2.3 DCS, by service
• 7.4 SCADA
  • 7.4.1 RISING NEED TO AUTOMATE COMPLEX INDUSTRIAL PROCESSES TO DRIVE MARKET
  • 7.4.2 SCADA, BY OFFERING
    • 7.4.2.1 SCADA, by hardware
    • 7.4.2.2 SCADA, by software
    • 7.4.2.3 SCADA, by service
• 7.5 HMI
  • 7.5.1 INCREASING ADOPTION OF IIOT BY MANUFACTURING COMPANIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
  • 7.5.2 HMI, BY OFFERING
    • 7.5.2.1 HMI, by hardware
      • 7.5.2.1.1 Basic HMIs
      • 7.5.2.1.2 Advanced panel-based HMIs
      • 7.5.2.1.3 Advanced PC-based HMIs
      • 7.5.2.1.4 Other hardware types
    • 7.5.2.2 HMI, by software
• 7.6 FUNCTIONAL SAFETY
  • 7.6.1 IMPOSITION OF RIGOROUS SAFETY STANDARDS INTO INDUSTRIAL SETTINGS TO ACCELERATE DEMAND
• 7.7 MES
  • 7.7.1 INCREASING DEMAND FOR EFFICIENT DATA MONITORING AND CONTROL SOFTWARE SOLUTIONS TO SPUR DEMAND
  • 7.7.2 MES, BY OFFERING
    • 7.7.2.1 MES, by software
    • 7.7.2.2 MES, by service

8 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY INDUSTRY

• 8.1 INTRODUCTION
• 8.2 OIL & GAS
  • 8.2.1 REDUCED EMISSIONS WITH OPTIMIZED COMBUSTION PROCESSES TO BOOST DEMAND
• 8.3 CHEMICALS
  • 8.3.1 PRESSING NEED TO MINIMIZE HUMAN EXPOSURE TO HAZARDOUS MATERIALS TO SPUR DEMAND
• 8.4 PULP & PAPER
  • 8.4.1 RISING ADOPTION OF ADVANCED TECHNOLOGIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
• 8.5 PHARMACEUTICALS
  • 8.5.1 INCREASING FOCUS ON DIGITALIZING PHARMACEUTICAL PLANTS TO DRIVE MARKET
• 8.6 METALS & MINING
  • 8.6.1 ABILITY TO OFFER SAFETY THROUGH REMOTE MACHINERY OPERATIONS TO BOOST DEMAND
• 8.7 FOOD & BEVERAGES
  • 8.7.1 RISING DEPLOYMENT OF AI AND ML TO DRIVE MARKET
• 8.8 ENERGY & POWER
  • 8.8.1 GROWING DEMAND FOR CLEAN ENERGY TO FOSTER MARKET GROWTH
• 8.9 WATER & WASTEWATER TREATMENT
  • 8.9.1 GROWING DEMAND FOR IMPROVED QUALITY OF RECYCLED WASTEWATER TO SPUR DEMAND
• 8.10 OTHERS

9 PROCESS AUTOMATION AND INSTRUMENTATION MARKET, BY REGION

• 9.1 INTRODUCTION
• 9.2 NORTH AMERICA
  • 9.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
  • 9.2.2 US
    • 9.2.2.1 Growing demand for crude oil to drive market
  • 9.2.3 CANADA
    • 9.2.3.1 Advent of Industry 4.0 and IIoT to offer lucrative growth opportunities
  • 9.2.4 MEXICO
    • 9.2.4.1 Rising demand for connected plants to foster market growth
• 9.3 EUROPE
  • 9.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
  • 9.3.2 GERMANY
    • 9.3.2.1 Increasing adoption in food & beverages and pharmaceuticals industries to drive market
  • 9.3.3 UK
    • 9.3.3.1 Growing demand for energy-efficient and sustainable solutions to foster market growth
  • 9.3.4 FRANCE
    • 9.3.4.1 Introduction of advanced solutions to modernize industrial sector to accelerate demand
  • 9.3.5 REST OF EUROPE
• 9.4 ASIA PACIFIC
  • 9.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
  • 9.4.2 CHINA
    • 9.4.2.1 Government-led initiatives to encourage smart manufacturing strategies to drive demand
  • 9.4.3 JAPAN
    • 9.4.3.1 Increasing demand for electricity from process industries to drive market
  • 9.4.4 INDIA
    • 9.4.4.1 Growing focus on sustainability and environmental protection to spur demand
  • 9.4.5 REST OF ASIA PACIFIC
• 9.5 ROW
  • 9.5.1 MACROECONOMIC OUTLOOK FOR ROW
  • 9.5.2 MIDDLE EAST
    • 9.5.2.1 Increasing emphasis on economic diversification to offer lucrative growth opportunities
    • 9.5.2.2 GCC countries
    • 9.5.2.3 Rest of Middle East
  • 9.5.3 SOUTH AMERICA
    • 9.5.3.1 Rising industrialization to drive market
  • 9.5.4 AFRICA
    • 9.5.4.1 Growing application in mining industry to boost demand

10 COMPETITIVE LANDSCAPE

• 10.1 OVERVIEW
• 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2023
• 10.3 REVENUE ANALYSIS, 2019-2023
• 10.4 MARKET SHARE ANALYSIS, 2023
  • 10.4.1 MARKET SHARE ANALYSIS FOR MES SOLUTION, 2023
  • 10.4.2 MARKET SHARE ANALYSIS FOR SCADA SOLUTION, 2023
• 10.5 COMPANY VALUATION AND FINANCIAL METRICS
• 10.6 BRAND/PRODUCT COMPARISON
• 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
  • 10.7.1 STARS
  • 10.7.2 EMERGING LEADERS
  • 10.7.3 PERVASIVE PLAYERS
  • 10.7.4 PARTICIPANTS
  • 10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
    • 10.7.5.1 Company footprint
    • 10.7.5.2 Solution footprint
    • 10.7.5.3 Instrument footprint
    • 10.7.5.4 Industry footprint
    • 10.7.5.5 Region footprint
• 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
  • 10.8.1 PROGRESSIVE COMPANIES
  • 10.8.2 RESPONSIVE COMPANIES
  • 10.8.3 DYNAMIC COMPANIES
  • 10.8.4 STARTING BLOCKS
  • 10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    • 10.8.5.1 Detailed list of key startups/SMEs
    • 10.8.5.2 Competitive benchmarking of key startups/SMEs
• 10.9 COMPETITIVE SCENARIOS
  • 10.9.1 PRODUCT LAUNCHES/DEVELOPMENTS
  • 10.9.2 DEALS
  • 10.9.3 EXPANSIONS
  • 10.9.4 OTHERS

11 COMPANY PROFILES

• 11.1 KEY PLAYERS
  • 11.1.1 ABB
    • 11.1.1.1 Business overview
    • 11.1.1.2 Products/Solutions/Services offered
    • 11.1.1.3 Recent developments
      • 11.1.1.3.1 Product launches/Developments
      • 11.1.1.3.2 Deals
    • 11.1.1.4 MnM view
      • 11.1.1.4.1 Key strengths/Right to win
      • 11.1.1.4.2 Strategic choices
      • 11.1.1.4.3 Weaknesses/Competitive threats
  • 11.1.2 EMERSON ELECTRIC CO.
    • 11.1.2.1 Business overview
    • 11.1.2.2 Products/Solutions/Services offered
    • 11.1.2.3 Recent developments
      • 11.1.2.3.1 Product launches/Developments
      • 11.1.2.3.2 Deals
    • 11.1.2.4 MnM view
      • 11.1.2.4.1 Key strengths/Right to win
      • 11.1.2.4.2 Strategic choices
      • 11.1.2.4.3 Weaknesses/Competitive threats
  • 11.1.3 SIEMENS
    • 11.1.3.1 Business overview
    • 11.1.3.2 Products/Solutions/Services offered
    • 11.1.3.3 Recent developments
      • 11.1.3.3.1 Product launches/Developments
      • 11.1.3.3.2 Deals
    • 11.1.3.4 MnM view
      • 11.1.3.4.1 Key strengths/Right to win
      • 11.1.3.4.2 Strategic choices
      • 11.1.3.4.3 Weaknesses/Competitive threats
  • 11.1.4 SCHNEIDER ELECTRIC
    • 11.1.4.1 Business overview
    • 11.1.4.2 Products/Solutions/Services offered
    • 11.1.4.3 Recent developments
      • 11.1.4.3.1 Product launches/Developments
      • 11.1.4.3.2 Deals
      • 11.1.4.3.3 Expansions
      • 11.1.4.3.4 Others
    • 11.1.4.4 MnM view
      • 11.1.4.4.1 Key strengths/Right to win
      • 11.1.4.4.2 Strategic choices
      • 11.1.4.4.3 Weaknesses/Competitive threats
  • 11.1.5 HONEYWELL INTERNATIONAL INC.
    • 11.1.5.1 Business overview
    • 11.1.5.2 Products/Solutions/Services offered
    • 11.1.5.3 Recent developments
      • 11.1.5.3.1 Product launches/Developments
      • 11.1.5.3.2 Deals
    • 11.1.5.4 MnM view
      • 11.1.5.4.1 Key strengths/Right to win
      • 11.1.5.4.2 Strategic choices
      • 11.1.5.4.3 Weaknesses/Competitive threats
  • 11.1.6 GE VERNOVA
    • 11.1.6.1 Business overview
    • 11.1.6.2 Products/Solutions/Services offered
    • 11.1.6.3 Recent developments
      • 11.1.6.3.1 Product launches/Developments
      • 11.1.6.3.2 Deals
      • 11.1.6.3.3 Others
  • 11.1.7 ROCKWELL AUTOMATION
    • 11.1.7.1 Business overview
    • 11.1.7.2 Products/Solutions/Services offered
    • 11.1.7.3 Recent developments
      • 11.1.7.3.1 Product launches/Developments
      • 11.1.7.3.2 Deals
  • 11.1.8 YOKOGAWA ELECTRIC CORPORATION
    • 11.1.8.1 Business overview
    • 11.1.8.2 Products/Solutions/Services offered
    • 11.1.8.3 Recent developments
      • 11.1.8.3.1 Product launches/Developments
      • 11.1.8.3.2 Deals
  • 11.1.9 MITSUBISHI ELECTRIC CORPORATION
    • 11.1.9.1 Business overview
    • 11.1.9.2 Products/Solutions/Services offered
    • 11.1.9.3 Recent developments
      • 11.1.9.3.1 Product launches/Developments
      • 11.1.9.3.2 Deals
      • 11.1.9.3.3 Expansions
  • 11.1.10 ENDRESS+HAUSER GROUP SERVICES AG
    • 11.1.10.1 Business overview
    • 11.1.10.2 Products/Solutions/Services offered
    • 11.1.10.3 Recent developments
      • 11.1.10.3.1 Product launches/Developments
      • 11.1.10.3.2 Deals
      • 11.1.10.3.3 Expansions
  • 11.1.11 OMRON CORPORATION
    • 11.1.11.1 Business overview
    • 11.1.11.2 Products/Solutions/Services offered
    • 11.1.11.3 Recent developments
      • 11.1.11.3.1 Product launches/Developments
      • 11.1.11.3.2 Deals
  • 11.1.12 THERMO FISHER SCIENTIFIC INC.
    • 11.1.12.1 Business overview
    • 11.1.12.2 Products/Solutions/Services offered
    • 11.1.12.3 Recent developments
      • 11.1.12.3.1 Product launches/Developments
      • 11.1.12.3.2 Deals
  • 11.1.13 FUJI ELECTRIC CO., LTD.
    • 11.1.13.1 Business overview
    • 11.1.13.2 Products/Solutions/Services offered
    • 11.1.13.3 Recent developments
      • 11.1.13.3.1 Product launches/Developments
  • 11.1.14 HITACHI, LTD.
    • 11.1.14.1 Business overview
    • 11.1.14.2 Products/Solutions/Services offered
    • 11.1.14.3 Recent developments
      • 11.1.14.3.1 Product launches/Developments
      • 11.1.14.3.2 Deals
  • 11.1.15 DELTA ELECTRONICS, INC.
    • 11.1.15.1 Business overview
    • 11.1.15.2 Products/Solutions/Services offered
    • 11.1.15.3 Recent developments
      • 11.1.15.3.1 Product launches/Developments
      • 11.1.15.3.2 Deals
• 11.2 OTHER PLAYERS
  • 11.2.1 HOLLYSYS GROUP BEIJING
  • 11.2.2 WIKA ALEXANDER WIEGAND SE & CO. KG
  • 11.2.3 AZBIL CORPORATION
  • 11.2.4 XYLEM
  • 11.2.5 HACH
  • 11.2.6 SHIMADZU CORPORATION
  • 11.2.7 HIMA
  • 11.2.8 AMETEK.INC.
  • 11.2.9 CHRISTIAN BURKERT GMBH & CO. KG
  • 11.2.10 KROHNE
  • 11.2.11 DWYER INSTRUMENTS, LLC.
  • 11.2.12 ANDRITZ
  • 11.2.13 VALMET
  • 11.2.14 SPRECHER AUTOMATION GMBH
  • 11.2.15 INDUCTIVE AUTOMATION, LLC.

12 ADJACENT MARKET

• 12.1 INTRODUCTION
• 12.2 MODULAR AUTOMATION MARKET, BY OFFERING
  • 12.2.1 HARDWARE
    • 12.2.1.1 Robot controllers
      • 12.2.1.1.1 Growing trend of automating repetitive and labor-intensive tasks to drive adoption
    • 12.2.1.2 Input/output (I/O) modules
      • 12.2.1.2.1 Increasing application for translating digital and analog signals to spur demand
    • 12.2.1.3 Drives and motors
      • 12.2.1.3.1 Rising need to convert electrical signals into mechanical motion to boost demand
    • 12.2.1.4 Sensors and actuators
      • 12.2.1.4.1 Growing demand for reliable operation in automation systems to foster segmental growth
    • 12.2.1.5 Safety components
      • 12.2.1.5.1 Pressing need to ensure workplace safety to elevate adoption
  • 12.2.2 SOFTWARE
    • 12.2.2.1 Integration of IoT and cloud computing technologies to offer lucrative growth opportunities

13 APPENDIX

• 13.1 DISCUSSION GUIDE
• 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 13.3 CUSTOMIZATION OPTIONS
• 13.4 RELATED REPORTS
• 13.5 AUTHOR DETAILS