Automation and Instrumentation In Power Market to Reach $57 Billion Globally by 2032 at 7.2% CAGR

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Region: Asia-Pacific Market to be the Most Dominant by 2032

The automation and instrumentation in power market in the Asia-Pacific region accounted for the largest share of 33.0% in 2022 and is predicted to continue to maintain its dominance and grow at the highest CAGR of 8.0% during the forecast period. This growth is mainly owing to a surge in power demand from growing populations, industrial expansion, and increased adoption of electric vehicles & heating systems. This growth necessitates significant upgrades to aging power infrastructure, prompting investments in automation and instrumentation to enhance efficiency, reliability, and safety. Besides, stringent regulatory mandates across the region compel power utilities to improve energy efficiency and grid stability while reducing emissions.

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Leading Players in the Automation and Instrumentation in Power Market:

• Schneider Electric
• Yokogawa Electric
• Siemens
• Mitsubishi Electric
• Emerson Process Management
• Honeywell process solutions
• Omron automation
• Rockwell Automation, Inc.
• Danaher Industrial Ltd.
• ABB

The report provides a detailed analysis of the key players of the global automation and instrumentation in power market. These players are employing various strategies including launching new products, entering collaborations, expanding operations, forming joint ventures, and signing agreements, all aimed at boosting their market share and securing their competitive position across different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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