Industry: Semiconductor & Electronics | Publish Date: 03-Dec-2024 | No of Pages: 123 | No. of Tables: 89 | No. of Figures: 54 | Format: PDF | Report Code : SE980
The Canada Industrial Process Automation Market size was valued at USD 1.21 billion in 2023, and is predicted to reach USD 1.88 billion by 2030, at a CAGR of 6% from 2024 to 2030. The industrial process automation industry represents the sector that delivers technologies and systems aimed at monitoring, controlling, and optimizing industrial operations. It involves integrating advanced computer technology, hardware, and software to automate critical processes such as inventory management, manufacturing, production, and quality control.
Key technologies driving automation in this market include sensors, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control and data acquisition (SCADA) systems. This market supports industries such as oil and gas, chemical processing, food and beverage, and pharmaceuticals, where automation is essential for enhancing efficiency, improving product quality, and ensuring workplace safety.
By reducing operational costs and minimizing human errors, industrial process automation helps companies streamline production processes, delivering higher output with greater precision. As businesses aim to improve productivity and remain competitive in an increasingly automated global manufacturing landscape, the demand for industrial process automation solutions continues to rise.
The demand for industrial process automation market is increasing in Canada, driven by the country's significant manufacturing sector, especially in the automotive and aerospace industries. This growth is fueled by advancements in automation and robotics, as well as a focus on real-time tracking systems.
In addition, the integration of process optimization into water and wastewater management is becoming increasingly crucial in Canada. As water resources become scarcer and the need for clean water rises, automation helps control water treatment processes and monitor water quality.
For example, in October 2022, Schneider Electric partnered with Delco Automation, a leading integrator of process automation systems in Canada. This partnership allows Delco Automation to provide Schneider Electric solutions and expertise in water and wastewater management, including process control, supervisory control, SCADA, DCS, PLC, information systems, instrumentation, measurement, telecommunication systems, and control centers.
The Canada industrial process automation market trends is benefiting from increased focus on the healthcare and pharmaceutical sectors. Process automation solutions are enhancing the speed and accuracy of medical screening and testing, that helps reduce the time and costs involved in drug development.
Additionally, government initiatives are boosting the adoption of robotics for tasks such as product handling and sorting across various industries. For example, in April 2022, the Canadian government announced a USD 780 million investment over five years to establish a funding agency aimed at advancing robotics and related technologies. This initiative is expected to foster innovation, create a skilled workforce, and further drive the Canada industrial process automation market growth.
The lack of standardization is a major challenge that can limit the Canada industrial process automation market expansion. Without common standards, vendors may develop proprietary systems that are hard to replace or upgrade. This can result in vendor lock-in, where companies become dependent on a specific vendor’s technology, restricting their ability to switch to other vendors.
Vendor lock-in often leads to increased costs, reduced flexibility, and less innovation, that negatively affect market growth. Companies might hesitate to invest in automation systems if they are worried about being tied to one vendor’s technology, further slowing market expansion.
The progress in industry 4.0 technologies, including the internet of things (IoT), cloud computing, and artificial intelligence (AI), is generating considerable opportunities for the industrial process automation market.
These advancements enable companies to gather and analyze vast amounts of data in real time, offering critical insights into their operations and identifying areas for improvement. As technology continues to advance, industry participants are partnering with tech-focused firms to create new solutions based on established technologies.
Several players operating in the Canada industrial process automation industry include Siemens AG, Honeywell International, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Emerson Electric Co., ABB Ltd., Omron Corp., Fanuc Corp., Toshiba Corp., and others.
Manufacturing Execution Systems
Hardware
Software
Services
Distributed Control Systems
Hardware
Software
Services
Programmable Logic Control
Hardware
Software
Services
Supervisory Control and Data Acquisition (SCADA)
Hardware
Software
Services
Field Instruments
Industrial Robots
Process Analyzers & Drives
Oil & Gas
Chemical & Refining
Energy & Power
Pulp & Paper
Metals & Mining
Pharmaceutical
Cement & Glass
Others
Siemens AG
Honeywell International
Schneider Electric
Mitsubishi Electric
Rockwell Automation
Emerson Electric Co.
ABB Ltd.
Omron Corp.
Fanuc Corp.
Toshiba Corp.
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 1.21 Billion |
Revenue Forecast in 2030 |
USD 1.88 Billion |
Growth Rate |
CAGR of 6.0% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
|
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |