CIS Process Automation Market Overview
The global CIS Process Automation Market size is estimated to reach US$21.5 billion by 2027, growing at a CAGR of 4.2% from 2022 to 2027. The increased use of digital technologies such as IIoT, machine learning and artificial intelligence, as well as the growing emphasis on industrial automation and resource efficiency, are driving the CIS process automation market forward. Additionally, factors such as increased energy efficiency and cost optimization, rising productivity, reduced errors and improved scalability also create ample opportunities for market growth. With the advent of Industry 4.0, the demand for Advanced Analytical Instrument Management Systems such as cascade control systems, closed-loop control systems, PLC and DCS are constantly rising as they provide increased productivity and operational efficiency. Furthermore, with Instrument Area Network (IAN) and wireless monitoring, the installation flexibility and maintenance of the sensors have also increased, which further boosts productivity. These aforementioned factors are positively influencing the CIS Process Automation Industry Outlook during the forecast period.
The report: “CIS Process Automation Industry Outlook – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the CIS Process Automation industry.
By Instrument Type: Flow Transmitter, Level Transmitter,
Control Valves, Analyzers, Pressure Transmitter and Others.
By Solutions: Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Safety Automation, Advanced Process Control (APC), Operator Training Simulators (OTS) and Others.
By End-use Industry: Chemicals, Food and Beverages, Pharmaceuticals, Oil and Gas, Metals and Mining, Power and Others.
By Geography: North America (the US, Canada and Mexico), South America (Brazil, Argentina and Others), Europe (the UK, Germany, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others) and RoW (the Middle East and Africa).
- In the CIS Process Automation market report, the PLC segment is expected to grow at the highest CAGR of 4.8%, owing to factors such as technological advancements and widespread applications across industry verticals.
- The Oil and Gas industry segment held a market share of 20.6% in the CIS Process Automation Market in 2021 due to a rise in demand for wireless monitoring of the systems and reducing operational costs.
- APAC dominated the global CIS Process Automation Market with a market share of 37% in 2021, owing to factors such as increased demand for manufacturing automation and increased investments by the major manufacturers in automation systems.
CIS Process Automation Market Value Share, by Region, 2021 (%)
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CIS Process Automation Market Segment Analysis - By Solutions
Based on Solutions, the Programmable Logic Controller segment in the CIS Process Automation Market report is analyzed to grow at the highest CAGR of 4.8% during the forecast period 2022-2027. Advancements in technology and widespread applications of PLCs across all industry verticals are boosting the PLC segment in the CIS Process Automation Market. These PLCs are capable of wireless monitoring of the input devices and are able to make decisions to control the state of output devices, which makes this an essential device for automating the manufacturing process. In February 2021, Honeywell received a contract from Electric Power Construction Corporation (SEPCO) to supply connected control, telecommunications, safety and security systems which includes Honeywell's ControlEdge Programmable Logic Controller (PLC), Data Concentrator, Online Analyzers and SCADA system. These developments would boost the PLC segment in the global CIS Process Automation industry.
CIS Process Automation Market Segment Analysis - by End-user Industry
Based on End-use Industry, the Oil and Gas industry in the CIS Process Automation Market report is analyzed to have the highest market share of 20.6% in 2021. The detection and monitoring of the systems in the Oil and gas industry is a crucial factor that drives up the demand for process automation. Additionally, increased operational costs and growing demand for reducing energy utilization are also fostering the demand for CIS Process Automation Systems such as DCS, PLC, APC and others. According to National Association for Corrosion Engineers, the Oil and Gas industry suffers a loss of US$1.6 billion per year due to corrosion in the pressurized pipeline systems. These factors drive up the demand for CIS process automation systems which are equipped with wireless monitoring and instrument area network (IAN) for better functionality of the installed systems.
CIS Process Automation Market Segment Analysis - by Geography
APAC dominated the global market for CIS Process Automation Market with a market share of 37% in 2021. The region is also analyzed to have significant growth over the forecasting period. Increasing demand for manufacturing automation instruments, the presence of major manufacturers and their continued investments are driving the CIS Process Automation Industry forward in the APAC region. In March 2020, Yokogawa Electric launched a digital manometer MT300 which uses a silicon-based resonant sensor and is used to monitor the pressure in industrial applications, especially the oil and gas industry.
CIS Process Automation Market Drivers
Growing emphasis on reducing operational costs and improving efficiency:
To survive in the rapidly changing global industrial environment, industries all over the world are focusing increasingly on improving production efficiency and lowering operating costs. As a result, they are embracing solutions for process automation. The use of software and computer technology with instrument area network (IAN) in process automation allows end-use industries to operate more safely and efficiently. In 2021, NICE introduced new AI-powered robotic process automation to help organizations boost ROI by reducing time to production and maximizing the value of automation across the business. These developments increase the CIS Process Automation market size.
Increasing adoption of cloud infrastructure:
Several business sectors such as Oil and Gas, Chemicals, Pharmaceuticals and many others are rapidly adopting cloud infrastructure services. Technological advancements are also creating new benefits which are increasing the demand for CIS Process Automation systems across industry verticals. For instance, in April 2022, Oracle Cloud Infrastructure collaborated with NTT Docomo to build ‘ALADIN’ - a new development environment to improve service quality and faster delivery through automation of operation management utilizing Oracle Container Engines. These factors would positively influence the CIS Process Automation industry outlook during the forecast period.
CIS Process Automation Market Challenges
High initial investment and maintenance costs:
Automated machines are responsible for one of the costliest operating costs for a company. Depending on the type and degree of automation, automated machines can cost anywhere from thousands to millions of dollars. Aside from the initial costs, there may be several unforeseeable costs that exceed the actual cost savings achieved by implementing automation in the company. Some of these costs include the costs of automating the research and development of a process as well as anticipated repairs and maintenance which act as a major constraint restraining the growth of the CIS Process Automation market.
CIS Process Automation Industry Outlook
Product launches, collaborations and R&D activities are key strategies adopted by players in the CIS Process Automation Market. The top 10 companies in the CIS Process Automation market are:
- ABB Ltd.
- Siemens AG
- Schneider Electric
- Rockwell Automation
- Oracle Corporation
- Emerson Electric
- Mitsubishi Electric
- Yokogawa Electric Corp
- Omron Automation
- In June 2022, Siemens launched Siemens Xcelerator, an open digital business platform to accelerate digital transformation, process automation and value creation for customers of all sizes in industry, buildings and others.
- In April 2022, Siemens AG launched PXC7 smart automation controllers to program heating and HVAC applications for control of small and mid-sized buildings. This is poised to increase the company’s market share in the CIS Process Automation Market.
- In February 2022, ABB launched the new version of their ABB Ability™ Performance Optimization. It is an innovative solution that offers optimized electrification and process automation solutions.
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