The global industrial wireless in-process automation market is expected to grow at a significant CAGR during the forecast period (2024-2031). Process automation and instrumentation is a method of monitoring and controlling various corporate production processes. It is the technology-enabled automation and instrumentation of complex business processes that assist in streamlining operations, accomplishing organizational goals, improving quality, and lowering operating costs. The technique also entails employing different linked processes to monitor and regulate physical quantities.
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Process automation and instrumentation technology are in high demand due to the growing use of industrial automation processes, the desire for energy-efficient and cost-cutting processes, and the emphasis on digital technologies. The market’s growth has been driven by the growth and expansion of numerous end-user verticals. Furthermore, the market’s growth has also been driven by the increasing usage of proactive solutions that identify problems at the component level.
The integration of wireless technologies (IoT, data analytics, others) with cloud computing is a key driver for end-users to deploy wireless devices. Cloud-based technologies have recently developed as a database-driven tool for successful corporate decision-making and assisting in the extraction of useful information from unstructured data.
Wearable devices are currently widely used across a wide range of sectors. This technology will become more widely used in the process sector in due course of time. Wearable linked devices have several benefits, including reducing process delays and increasing operational efficiency. Barcode scanning, cloud data recovery, voice commands, and augmented reality are all available on these devices (AR). All these factors are expected to drive market growth.
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Market Coverage
- Segment Covered-
o By Product Type
o By Application
- Competitive Landscape: ABB, Huawei, Honeywell Process Solutions, Schneider Electric, Siemens AG.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Industrial Wireless in Process Automation Market by Segments
By Product Type
- Wireless Local Area Network (WLAN)
- Wireless Personal Area Network (WPAN)
- Satellite (GNSS)
- Low-Power Wide-Area Network (LPWAN)
- Cellular
By Application
- Oil and Gas Industry
- Water and Wastewater Industry
- Food and Beverage Industry
- Chemical and Biochemical Industry
- Metal Industry
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