Global Automation and Instrumentation in Power Market was valued at approximately USD 30.12 billion in 2023, and it is anticipated to grow at a CAGR of 7.34% over the forecast period 2024-2032. Automation and instrumentation in power systems involve the integration of advanced technologies designed to enhance the efficiency, reliability, and safety of electrical power production, transmission, and distribution. Automation utilizes control systems, sensors, and sophisticated software algorithms to automatically monitor and control various aspects of electricity generation and distribution, thereby reducing human intervention and minimizing errors.
The Global Automation and Instrumentation in Power Market is driven by rising power demand and strategic initiatives towards upgradation of ageing infrastructure across the world. Increasing demand for power and strategic initiatives aimed at modernizing ageing infrastructure. As global populations expand and economies develop, there is a corresponding rise in electricity consumption across residential, commercial, and industrial sectors. This surge in power demand necessitates efficient management and control of power generation, transmission, and distribution systems, thereby driving the adoption of automation and instrumentation technologies. In addition, regulatory mandates and incentives aimed at promoting sustainable energy practices are also influencing market dynamics. Governments and utilities worldwide are increasingly investing in smart grid technologies and digital transformation initiatives to achieve energy efficiency targets and integrate renewable energy sources seamlessly into the grid. However, high initial investment costs and technical complexity is going to impede the overall demand for the market during the forecast period 2024-2032.
The key regions considered for the Global Automation and Instrumentation in Power Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia-Pacific was the dominating among regional market in terms of revenue owing to factors such as surge in power demand driven by population growth, industrialization, and the increasing adoption of electric vehicles and heating systems across the region. This heightened demand has compelled power utilities to upgrade their infrastructure and operations, resulting in significant investments in automation and instrumentation technologies. Furthermore, the market in North America is anticipated to develop at the fastest rate over the forecast period 2024-2032.
Major market players included in this report are:
- Emerson Process Management
- Danaher Industrial Ltd
- ABB
- Rockwell Automation, Inc.
- Omron Automation
- Siemens
- Honeywell Process Solutions
- Mitsubishi Electric
- Schneider Electric
- Yokogawa Electric
The detailed segments and sub-segment of the market are explained below:
By Solution:
- Advanced Process Control (APC)
- Distributed Control System (DCS)
- Human Machine Interaction (HMI)
- Manufacturing Execution System (MES)
- Programmable Logic Controller (PLC)
- Safety Automation
- Supervisory Control and Data Acquisition (SCADA)
By Instrument:
- Field Instruments
- Process Analyzers
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market
Table of Contents
Chapter 1. Global Automation and Instrumentation in Power Market Executive Summary
- 1.1. Global Automation and Instrumentation in Power Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Solution
- 1.3.2. By Instrument
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Automation and Instrumentation in Power Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Automation and Instrumentation in Power Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Power Demand
- 3.1.2. Need to Upgrade Ageing Infrastructure
- 3.2. Market Challenges
- 3.2.1. High Initial Investment Costs
- 3.2.2. Technical Complexity
- 3.3. Market Opportunities
- 3.3.1. Growth in Renewable Energy Sector
- 3.3.2. Technological Advancements in Smart Grids
Chapter 4. Global Automation and Instrumentation in Power Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Automation and Instrumentation in Power Market Size & Forecasts by Solution 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Automation and Instrumentation in Power Market: Solution Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Advanced Process Control (APC)
- 5.2.2. Distributed Control System (DCS)
- 5.2.3. Human Machine Interaction (HMI)
- 5.2.4. Manufacturing Execution System (MES)
- 5.2.5. Programmable Logic Controller (PLC)
- 5.2.6. Safety Automation
- 5.2.7. Supervisory Control and Data Acquisition (SCADA)
Chapter 6. Global Automation and Instrumentation in Power Market Size & Forecasts by Instrument 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Automation and Instrumentation in Power Market: Instrument Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Field Instruments
- 6.2.2. Process Analyzers
Chapter 7. Global Automation and Instrumentation in Power Market Size & Forecasts by Region 2022-2032
- 7.1. North America Automation and Instrumentation in Power Market
- 7.1.1. U.S. Automation and Instrumentation in Power Market
- 7.1.1.1. Solution breakdown size & forecasts, 2022-2032
- 7.1.1.2. Instrument breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Automation and Instrumentation in Power Market
- 7.1.2.1. Solution breakdown size & forecasts, 2022-2032
- 7.1.2.2. Instrument breakdown size & forecasts, 2022-2032
- 7.2. Europe Automation and Instrumentation in Power Market
- 7.2.1. U.K. Automation and Instrumentation in Power Market
- 7.2.1.1. Solution breakdown size & forecasts, 2022-2032
- 7.2.1.2. Instrument breakdown size & forecasts, 2022-2032
- 7.2.2. Germany Automation and Instrumentation in Power Market
- 7.2.2.1. Solution breakdown size & forecasts, 2022-2032
- 7.2.2.2. Instrument breakdown size & forecasts, 2022-2032
- 7.2.3. France Automation and Instrumentation in Power Market
- 7.2.3.1. Solution breakdown size & forecasts, 2022-2032
- 7.2.3.2. Instrument breakdown size & forecasts, 2022-2032
- 7.2.4. Spain Automation and Instrumentation in Power Market
- 7.2.4.1. Solution breakdown size & forecasts, 2022-2032
- 7.2.4.2. Instrument breakdown size & forecasts, 2022-2032
- 7.2.5. Italy Automation and Instrumentation in Power Market
- 7.2.5.1. Solution breakdown size & forecasts, 2022-2032
- 7.2.5.2. Instrument breakdown size & forecasts, 2022-2032
- 7.2.6. Rest of Europe Automation and Instrumentation in Power Market
- 7.2.6.1. Solution breakdown size & forecasts, 2022-2032
- 7.2.6.2. Instrument breakdown size & forecasts, 2022-2032
- 7.3. Asia-Pacific Automation and Instrumentation in Power Market
- 7.3.1. China Automation and Instrumentation in Power Market
- 7.3.1.1. Solution breakdown size & forecasts, 2022-2032
- 7.3.1.2. Instrument breakdown size & forecasts, 2022-2032
- 7.3.2. India Automation and Instrumentation in Power Market
- 7.3.2.1. Solution breakdown size & forecasts, 2022-2032
- 7.3.2.2. Instrument breakdown size & forecasts, 2022-2032
- 7.3.3. Japan Automation and Instrumentation in Power Market
- 7.3.3.1. Solution breakdown size & forecasts, 2022-2032
- 7.3.3.2. Instrument breakdown size & forecasts, 2022-2032
- 7.3.4. Australia Automation and Instrumentation in Power Market
- 7.3.4.1. Solution breakdown size & forecasts, 2022-2032
- 7.3.4.2. Instrument breakdown size & forecasts, 2022-2032
- 7.3.5. South Korea Automation and Instrumentation in Power Market
- 7.3.5.1. Solution breakdown size & forecasts, 2022-2032
- 7.3.5.2. Instrument breakdown size & forecasts, 2022-2032
- 7.3.6. Rest of Asia Pacific Automation and Instrumentation in Power Market
- 7.3.6.1. Solution breakdown size & forecasts, 2022-2032
- 7.3.6.2. Instrument breakdown size & forecasts, 2022-2032
- 7.4. Latin America Automation and Instrumentation in Power Market
- 7.4.1. Brazil Automation and Instrumentation in Power Market
- 7.4.1.1. Solution breakdown size & forecasts, 2022-2032
- 7.4.1.2. Instrument breakdown size & forecasts, 2022-2032
- 7.4.2. Mexico Automation and Instrumentation in Power Market
- 7.4.2.1. Solution breakdown size & forecasts, 2022-2032
- 7.4.2.2. Instrument breakdown size & forecasts, 2022-2032
- 7.4.3. Rest of Latin America Automation and Instrumentation in Power Market
- 7.4.3.1. Solution breakdown size & forecasts, 2022-2032
- 7.4.3.2. Instrument breakdown size & forecasts, 2022-2032
- 7.5. Middle East & Africa Automation and Instrumentation in Power Market
- 7.5.1. Saudi Arabia Automation and Instrumentation in Power Market
- 7.5.1.1. Solution breakdown size & forecasts, 2022-2032
- 7.5.1.2. Instrument breakdown size & forecasts, 2022-2032
- 7.5.2. South Africa Automation and Instrumentation in Power Market
- 7.5.2.1. Solution breakdown size & forecasts, 2022-2032
- 7.5.2.2. Instrument breakdown size & forecasts, 2022-2032
- 7.5.3. Rest of Middle East & Africa Automation and Instrumentation in Power Market
- 7.5.3.1. Solution breakdown size & forecasts, 2022-2032
- 7.5.3.2. Instrument breakdown size & forecasts, 2022-2032
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Emerson Process Management
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Danaher Industrial Ltd
- 8.3.3. ABB
- 8.3.4. Rockwell Automation, Inc.
- 8.3.5. Omron Automation
- 8.3.6. Siemens
- 8.3.7. Honeywell Process Solutions
- 8.3.8. Mitsubishi Electric
- 8.3.9. Schneider Electric
- 8.3.10. Yokogawa Electric
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes