Process Control Systems Market
Process Control Systems Market Forecasts to 2030 - Global Analysis by System (SCADA, DCS, PLC, MES, PLM, ERP, HMI and Other Systems), Component (Hardware, Software and Services), Deployment Mode, Control Strategy, End User and By Geography
According to Stratistics MRC, the Global Process Control Systems Market is growing at a CAGR of 8.8% during the forecast period. Process control systems are automated frameworks that are used to track and manage production processes in industrial environments. Through the regulation of variables like temperature, pressure, flow, and level, they guarantee consistent operation, improve efficiency, and preserve product quality. These systems optimize performance and minimize manual intervention in intricate industrial processes by gathering data, executing control strategies, and giving operators real-time feedback through hardware and software.
According to data from the U.S. Bureau of Labor Statistics, employment of control and valve installers and repairers, including those working with process control systems, is projected to grow 5% from 2020 to 2030.
Market Dynamics:
Driver:
Enhanced efficiency and productivity
Process control systems significantly improve operational efficiency and productivity in industrial processes. By automating complex tasks, reducing human error, and optimizing resource utilization, these systems enable faster production cycles, consistent product quality, and reduced downtime. They also provide real-time data and analytics, allowing for quick decision-making and continuous process improvement. This driver is particularly important as industries seek to remain competitive in an increasingly globalized market.
Restraint:
High initial investment
The implementation of process control systems often requires substantial upfront costs, including hardware, software, installation, and training expenses. This high initial investment can be a significant barrier, especially for small and medium-sized enterprises with limited capital. Additionally, the complexity of integrating these systems with existing infrastructure and the potential need for process redesign can further increase costs. This restraint may slow adoption rates, particularly in industries with tight profit margins or those facing economic uncertainties.
Opportunity:
Industry 4.0 and digital transformation
The ongoing trend of Industry 4.0 and digital transformation presents a significant opportunity for the process control systems market. As industries increasingly adopt smart manufacturing technologies, there is a growing demand for advanced control systems that can integrate with IoT devices, AI, and big data analytics. This integration enables predictive maintenance, adaptive process control, and enhanced decision support. Process control systems are well-positioned to play a crucial role in this digital transformation, offering solutions that can help industries achieve higher levels of automation and intelligence.
Threat:
Cybersecurity attacks
The increasing connectivity and digitalization of industrial processes make process control systems vulnerable to cybersecurity threats. Malicious actors could potentially exploit vulnerabilities to disrupt operations, steal sensitive data, or cause physical damage to equipment. This threat is particularly concerning for critical infrastructure and industries handling sensitive materials. The need for robust cybersecurity measures adds complexity and cost to system implementation and maintenance, potentially deterring some organizations from adopting or fully leveraging these technologies.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the process control systems market due to supply chain issues and reduced industrial activity. However, it also accelerated digital transformation efforts, increasing demand for remote monitoring and control capabilities. The pandemic highlighted the importance of automation and resilient industrial processes, potentially driving long-term growth in the market.
The software segment is expected to be the largest during the forecast period
The software segment is expected to dominate the market. Software is crucial in modern process control systems, providing the intelligence and flexibility needed for complex industrial operations. It enables advanced control algorithms, data analytics, and integration with other enterprise systems. As industries increasingly focus on digital transformation and smart manufacturing, the demand for sophisticated control software is expected to grow.
The life sciences segment is expected to have the highest CAGR during the forecast period
The life sciences segment is expected to experience rapid growth over the forecast period. Process control systems are essential for ensuring product quality, consistency, and compliance with stringent regulations. The need for precise control in bioprocessing, the trend towards personalized medicine, and the increasing automation of laboratory processes are driving the rapid adoption of advanced control systems in this sector. Additionally, the COVID-19 pandemic has further accelerated investment in life sciences research and manufacturing, boosting demand for sophisticated process control solutions.
Region with largest share:
North America's dominance in the process control systems market can be attributed to its advanced industrial infrastructure, high adoption rates of new technologies, and significant presence of major industry players. The region's focus on industrial automation, stringent regulatory standards, and ongoing digital transformation initiatives in sectors like oil and gas and chemicals drive the demand for sophisticated process control solutions. Additionally, North America's leadership in research and development contributes to the continuous innovation in control system technologies.
Region with highest CAGR:
The Asia Pacific region is estimated to witness rapid growth in the process control systems market. The region's booming manufacturing sector, particularly in countries like China and India, is increasingly adopting automation technologies to enhance competitiveness. Significant investments in infrastructure development, rapid industrialization, and government initiatives promoting smart manufacturing are fueling the demand for advanced process control systems. Additionally, the growing focus on energy efficiency and environmental regulations is driving the adoption of more sophisticated control solutions across various industries in the region.
Key players in the market
Some of the key players in Process Control Systems market include Siemens AG, ABB Ltd., Rockwell Automation, Inc., Schneider Electric SE, Honeywell International Inc., Emerson Electric Co., General Electric Company, Mitsubishi Electric Corporation, Omron Corporation, Yokogawa Electric Corporation, Omega Engineering, Chemtrols Industries Limited, Cotmac Electronics Pvt Ltd, Parker-Hannifin Corporation, Flowserve Corporation, Azbil Corporation, Baker Hughes Company, and Valmet.
Key Developments:
In April 2023, Siemens and Microsoft are harnessing the collaborative power of generative artificial intelligence (AI) to help industrial companies drive innovation and efficiency across the design, engineering, manufacturing and operational lifecycle of products. To enhance cross-functional collaboration, the companies are integrating Siemens’ Teamcenter® software for product lifecycle management (PLM) with Microsoft’s collaboration platform Teams and the language models in Azure OpenAI Service as well as other Azure AI capabilities. At Hannover Messe, the two technology leaders will demonstrate how generative AI can enhance factory automation and operations through AI-powered software development, problem reporting and visual quality inspection.
In July 2020, ABB’s new analytics and AI software helps producers optimize operations. It collects, contextualizes and converts operational, engineering and information technology data into actionable insights that help industries improve operations, optimize asset management and streamline business processes safely and sustainably. ABB’s new solution operates as a digital data convergence point where streams of information from diverse sources across the plant and enterprise are put into context through a unified analytics model.
Systems Covered:
• Supervisory Control and Data Acquisition System (SCADA)
• Distributed Control System (DCS)
• Programmable Logic Controller (PLC)
• Machine Execution System (MES)
• Product Lifecycle Management (PLM)
• Enterprise Resource Planning (ERP)
• Human Machine Interface (HMI)
• Other Systems
Components Covered:
• Hardware
• Software
• Services
Deployment Modes Covered:
• On-premises
• Cloud
• Hybrid
Control Strategies Covered:
• PID Control
• Model Predictive Control (MPC)
• Adaptive Control
• Other Control Strategies
End Users Covered:
• Oil and Gas
• Chemical and Petrochemical
• Energy and Utilities
• Life Sciences
• Water and Wastewater
• Food and Beverage
• Metals and Mining
• Pulp and Paper
• Aerospace and Defense
• Automotive
• Manufacturing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Process Control Systems Market, By System
5.1 Introduction
5.2 Supervisory Control and Data Acquisition System (SCADA)
5.3 Distributed Control System (DCS)
5.4 Programmable Logic Controller (PLC)
5.5 Machine Execution System (MES)
5.6 Product Lifecycle Management (PLM)
5.7 Enterprise Resource Planning (ERP)
5.8 Human Machine Interface (HMI)
5.9 Other Systems
6 Global Process Control Systems Market, By Component
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Services
7 Global Process Control Systems Market, By Deployment Mode
7.1 Introduction
7.2 On-premises
7.3 Cloud
7.4 Hybrid
8 Global Process Control Systems Market, By Control Strategy
8.1 Introduction
8.2 PID Control
8.3 Model Predictive Control (MPC)
8.4 Adaptive Control
8.5 Other Control Strategies
9 Global Process Control Systems Market, By End User
9.1 Introduction
9.2 Oil and Gas
9.3 Chemical and Petrochemical
9.4 Energy and Utilities
9.5 Life Sciences
9.6 Water and Wastewater
9.7 Food and Beverage
9.8 Metals and Mining
9.9 Pulp and Paper
9.10 Aerospace and Defense
9.11 Automotive
9.12 Manufacturing
9.13 Other End Users
10 Global Process Control Systems Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Siemens AG
12.2 ABB Ltd.
12.3 Rockwell Automation, Inc.
12.4 Schneider Electric SE
12.5 Honeywell International Inc.
12.6 Emerson Electric Co.
12.7 General Electric Company
12.8 Mitsubishi Electric Corporation
12.9 Omron Corporation
12.10 Yokogawa Electric Corporation
12.11 Omega Engineering
12.12 Chemtrols Industries Limited
12.13 Cotmac Electronics Pvt Ltd
12.14 Parker-Hannifin Corporation
12.15 Flowserve Corporation
12.16 Azbil Corporation
12.17 Baker Hughes Company
12.18 Valmet
List of Tables
1 Global Process Control Systems Market Outlook, By Region (2022-2030) ($MN)
2 Global Process Control Systems Market Outlook, By System (2022-2030) ($MN)
3 Global Process Control Systems Market Outlook, By Supervisory Control and Data Acquisition System (SCADA) (2022-2030) ($MN)
4 Global Process Control Systems Market Outlook, By Distributed Control System (DCS) (2022-2030) ($MN)
5 Global Process Control Systems Market Outlook, By Programmable Logic Controller (PLC) (2022-2030) ($MN)
6 Global Process Control Systems Market Outlook, By Machine Execution System (MES) (2022-2030) ($MN)
7 Global Process Control Systems Market Outlook, By Product Lifecycle Management (PLM) (2022-2030) ($MN)
8 Global Process Control Systems Market Outlook, By Enterprise Resource Planning (ERP) (2022-2030) ($MN)
9 Global Process Control Systems Market Outlook, By Human Machine Interface (HMI) (2022-2030) ($MN)
10 Global Process Control Systems Market Outlook, By Other Systems (2022-2030) ($MN)
11 Global Process Control Systems Market Outlook, By Component (2022-2030) ($MN)
12 Global Process Control Systems Market Outlook, By Hardware (2022-2030) ($MN)
13 Global Process Control Systems Market Outlook, By Software (2022-2030) ($MN)
14 Global Process Control Systems Market Outlook, By Services (2022-2030) ($MN)
15 Global Process Control Systems Market Outlook, By Deployment Mode (2022-2030) ($MN)
16 Global Process Control Systems Market Outlook, By On-premises (2022-2030) ($MN)
17 Global Process Control Systems Market Outlook, By Cloud (2022-2030) ($MN)
18 Global Process Control Systems Market Outlook, By Hybrid (2022-2030) ($MN)
19 Global Process Control Systems Market Outlook, By Control Strategy (2022-2030) ($MN)
20 Global Process Control Systems Market Outlook, By PID Control (2022-2030) ($MN)
21 Global Process Control Systems Market Outlook, By Model Predictive Control (MPC) (2022-2030) ($MN)
22 Global Process Control Systems Market Outlook, By Adaptive Control (2022-2030) ($MN)
23 Global Process Control Systems Market Outlook, By Other Control Strategies (2022-2030) ($MN)
24 Global Process Control Systems Market Outlook, By End User (2022-2030) ($MN)
25 Global Process Control Systems Market Outlook, By Oil and Gas (2022-2030) ($MN)
26 Global Process Control Systems Market Outlook, By Chemical and Petrochemical (2022-2030) ($MN)
27 Global Process Control Systems Market Outlook, By Energy and Utilities (2022-2030) ($MN)
28 Global Process Control Systems Market Outlook, By Life Sciences (2022-2030) ($MN)
29 Global Process Control Systems Market Outlook, By Water and Wastewater (2022-2030) ($MN)
30 Global Process Control Systems Market Outlook, By Food and Beverage (2022-2030) ($MN)
31 Global Process Control Systems Market Outlook, By Metals and Mining (2022-2030) ($MN)
32 Global Process Control Systems Market Outlook, By Pulp and Paper (2022-2030) ($MN)
33 Global Process Control Systems Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
34 Global Process Control Systems Market Outlook, By Automotive (2022-2030) ($MN)
35 Global Process Control Systems Market Outlook, By Manufacturing (2022-2030) ($MN)
36 Global Process Control Systems Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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