UK Industrial Process Automation Market is expected to reach USD 5.94 billion by 2030

The robust initiatives taken by various market players to revolutionize the automation processes and high use of industrial automation in pharmaceuticals industry for packaging are driving up demand for the UK Industrial Process Automation market during the forecast period.

UK Industrial Process Automation Market was valued at USD 4.08 billion in 2022, and is predicted to reach USD 5.94 billion by 2030, with a CAGR of 3.96% from 2023 to 2030, according to new research by Next Move Strategy Consulting. Prominent market leaders are actively pursuing initiatives to transform automation processes through the utilization of Industry 4.0 technologies in sectors such as food and beverages, pharmaceuticals, and energy, among others.

For instance, in January 2023, Schneider Electric partnered with Ryse Energy - the global leader in decentralised renewable energy systems - to design and implement a new standardised control system for improved power quality. 

It enables the integration of small wind turbines with the National Grid, which could lead to increased use of renewable energy sources and a reduction in greenhouse gas emissions. This inaugural project is expected to deliver green, affordable, secure energy supply to farms and businesses across the UK and Europe. Thus, it is expected to boost the industrial process automation market growth in the country.

However, a significant barrier to the progress of the industrial process automation market is the absence of standardized practices. When standardized protocols are lacking, it can incentivize manufacturers to develop their proprietary systems that are challenging to replace or upgrade. This situation can lead to a scenario where businesses overly depend on a single vendor's technology, limiting their ability to collaborate with multiple service providers.

Vendor lock-in can result in increased costs, reduced flexibility, and a diminished scope for innovation, all of which can have an adverse impact on the growth of the industrial process automation market. Concerns about becoming too tightly bound to a specific vendor's technology may discourage companies from investing in automation systems, thus hindering the expansion of the market.

On the other hand, the increasing adoption of cloud-based automation solutions presents a significant growth opportunity for the industrial process automation industry. These solutions offer several benefits such as increased efficiency, productivity, and profitability for businesses. They can be easily scaled up or down, making them suitable for businesses of all sizes.

Additionally, cloud-based solutions provide improved oversight and clarity in industrial processes, leading to significant cost reductions in maintaining and upgrading hardware, software, and infrastructure. This cost-effective aspect enables companies to reallocate resources toward their primary strengths and other strategic aspects of their operations. The growing acceptance of cloud-based solutions for managing and utilizing 3D data obtained from reality capture devices signals a noticeable increase in enthusiasm for adopting these technologies. 

For instance, in January 2022, Accenture made a strategic investment via Accenture Ventures in Cintoo, a company that offers cloud-based solutions for the management and utilization of 3D data acquired from reality capture devices. As a result, continued growth and innovation in the industrial process automation industry is expected in the future.

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According to the report, leading players in the UK Industrial Process Automation market include Hitachi Ltd, Yokogawa Electric, Siemens AG, Mitshubishi Electric Corporation, Honeywell International Inc., ABB Ltd, Toshiba Corporation, Emerson Electric Co., Rockwell Automation Inc, Omron Corporation, and Fanuc Corporation, Schneider Electric SE, Endress+Hauser, Valmet OYJ, and Dwyer Instruments Inc.

Key Insights from the UK Industrial Process Automation Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the UK Industrial Process Automation market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the UK Industrial Process Automation market is provided in the report along with their competitive analysis.

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