PUBLISHER: QYResearch | PRODUCT CODE: 1881266
PUBLISHER: QYResearch | PRODUCT CODE: 1881266
Global Process Automation market size in terms of revenue is projected to reach 340,178 million USD by 2031 from 233,244 million USD in 2024, with a CAGR 5.20% during 2025-2031.
The global process automation market is entering a phase of scale-driven but structurally healthy growth. On the current definition - covering hardware, software, and solution & service revenues across both process and factory automation - the market was about USD 181 billion in 2020 and expanded to roughly USD 233 billion by 2024. It is expected to reach around USD 251 billion in 2025 and approximately USD 340 billion by 2031, implying a 2025-2031 CAGR of about 5.2%. On the competitive side, the landscape remains concentrated: the top tier of vendors - Siemens, Schneider Electric, ABB, Mitsubishi Electric, Rockwell Automation, Hitachi, Emerson, Bosch, Honeywell and FANUC - together command roughly 45-50% of 2024 revenues, with Siemens alone close to a 10% share. At the same time, regional champions and specialized players are steadily gaining relevance, supported by local engineering capability, domain-specific know-how and government-backed industrial policies.
From a product mix perspective, the market is still anchored in hardware but value creation is rapidly tilting toward software and lifecycle services. In 2024, hardware accounted for about USD 131 billion, or roughly 56% of total revenues, while software contributed around USD 59 billion (25%) and solutions & services about USD 43 billion (18%). Over 2025-2031, hardware is expected to grow at a CAGR of roughly 3.8%, compared with about 6.7% for software and around 7.0% for solutions & services. By 2031, the shares converge towards about 51% hardware, 28% software and 21% solutions & services. This shift reflects the industry's migration from one-off equipment sales toward integrated control platforms, industrial software stacks and long-term service contracts, typically delivered as "controller + edge + cloud + industry apps" reference architectures.
Regionally, Asia-Pacific has already become the largest and fastest-growing demand pool. In 2024 Asia-Pacific represented about USD 92 billion, or close to 40% of the global market, versus roughly USD 65 billion (28%) for North America and USD 53 billion (23%) for Europe; Latin America and the Middle East & Africa together contributed just under 10%. By 2031, Asia-Pacific is projected to reach roughly USD 151 billion and expand its share to about 44%, corresponding to a 2025-2031 CAGR of approximately 6.9%. Europe and MEA should grow at around 4.8-5.0% and Latin America in the low-to-mid-4% range, while North America, a largely brownfield and upgrade-driven region, grows at a more modest ~2.9%. New greenfield capacity in chemicals, batteries, electronics and energy infrastructure across China, Southeast Asia and India is the core structural driver behind the regional rebalancing.
Across end markets, process automation is steadily broadening its footprint beyond traditional process industries. In 2024, Chemicals / Petrochemicals / Oil & Gas remained the single largest vertical with close to a high-teens share of global spending. Automotive & Transportation, Food, Beverage & CPG, Pharmaceuticals / Biotechnology / Life Sciences & Medical, Electronics / 3C / Semiconductor & Photovoltaic, and Power Generation & Utilities together contribute more than half of total demand. High-growth pockets cluster around new-energy and digital infrastructure: Lithium Battery & Energy Storage, Data Centers / Cloud & Telecom, Electronics & Semiconductor / PV, Logistics / Warehousing / Marine & Ports, and Water & Wastewater Treatment all outgrow the market average, often driven simultaneously by digital-transformation and energy-transition agendas. Overall, process automation is evolving from a "throughput and OEE" tool into a multi-dimensional lever for safety, regulatory compliance, decarbonization and flexible manufacturing.
Report Includes
This report presents an overview of global market for Process Automation market size. Analyses of the global market trends, with historic market revenue data for 2020 - 2024, estimates for 2025, and projections of CAGR through 2031.
This report researches the key producers of Process Automation, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Process Automation, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Process Automation revenue, market share and industry ranking of main companies, data from 2020 to 2024. Identification of the major stakeholders in the global Process Automation market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2020 to 2031. Evaluation and forecast the market size for Process Automation revenue, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including ABB, Emerson, Danaher, Omron, Mitsubishi Electric, Schneider Electric, Rockwell Automation, Siemens, and Yokogawa Electric, etc.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Process Automation in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Process Automation companies' competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: Asia Pacific by Type, by Application and by country, revenue for each segment.
Chapter 9: Latin America by Type, by Application and by country, revenue for each segment.
Chapter 10: Middle East, Africa by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Process Automation revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions