Asia Pacific Process Automation Market Size

APAC Process Automation Market Analysis

The Asia Pacific Process Automation Market is expected to witness a CAGR of 13.29% over the forecast period 2021 - 2026. The COVID-19 pandemic created economic turmoil for small, medium, and large-scale industries across the world. Additionally, country-wise lockdown inflicted by the governments worldwide to minimize the spread of the virus impacted the growth of enterprises.

• The automation industry has been revolutionized by combining the digital and physical aspects of manufacturing, aiming to deliver optimum performance. Further, the focus on achieving zero waste production and shorter time to market has augmented the market's growth.
• Automation of manufacturing processes has offered various benefits, such as effortless monitoring, reduction of waste, and production speed. This technology offers customers an improved quality with standardization and dependable products within time and at a much lower cost.
• Connecting the industrial machinery and equipment and obtaining real-time data have played a vital role in the adoption of SCADA, HMI, PLC systems, and software that offer visualization; thus enables reducing the faults in the product, reducing downtime, scheduling maintenance, and switching from being in the reactive state to predictive and prescriptive stages for decision-making.
• Moreover, the virtualization of automation control systems is a key trend observed in the market, also known as the thin layer between the virtual machine and host server. The virtual machine contains the operating system and software. Different operating systems are operated on top of a primary operating system using virtual machines. Virtualization can be applied on layers in an industrial premise, such as server, storage, desktop, file, and network. It provides benefits, such as optimum resource utilization and operation, as well as power cost savings.
• Vendor activity, such as product innovations, strategic mergers, and acquisitions, etc., taking place in the space is expected to drive the demand. New products are considered as the primary activity. In May 2020, OleumTech, wireless industrial automation, and IoT solution provider announced the launch of new smart pressure transmitters (HGPT smart gauge pressure transmitters).
• Further, different industrial automation systems, such as SCADA, PLCs, and MES on a single physical server, can be easily accessed at a different location on the plant floor using virtual machines. It has been adopted to reduce the overall cost for servers and increase the flexibility in adopting industrial automation systems and software in the process and discrete industries.