Process Automation and Instrumentation Market 2030: IIoT Powers Ahead
Process Automation and Instrumentation Market Overview The global process automation and instrumentation market was valued at USD 74.45 billion in 2024 and is forecast to reach USD 106.49 billion by 2030, expanding at a CAGR of 5.9% from 2025 to 2030. Market growth is primarily driven by the rising need among industries to reduce operational costs while improving efficiency, accuracy, and overall productivity across manufacturing and process-driven operations. Industries are increasingly adopting smart factory models that integrate cyber-physical systems, the Internet of Things (IoT), and real-time data analytics. At the same time, cloud-based automation platforms are gaining strong momentum due to their scalability, flexibility, and cost-effectiveness. These solutions enable real-time monitoring, centralized control, and efficient management of industrial processes, creating favorable growth opportunities for the market. The incorporation of advanced technologies such as IoT, arti...