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The process automation market share in Europe is expected to increase to USD 2.43 billion from 2021 to 2026, at a CAGR of 6.04%.
The report extensively covers process automation market segmentation in Europe by the following:
The process automation market in Europe report offers information on several market vendors, including ABB Ltd., Eaton Corp. Plc, Emerson Electric Co., General Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. among others.
This process automation market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The rising demand in the healthcare sector is notably driving the process automation market growth in Europe, although factors such as infrastructure and customization issues may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the process automation industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Process Automation Market Driver in Europe
One of the key factors driving growth in the Europe process automation market is the rising demand in the healthcare sector. To address the constantly expanding labor shortage in the healthcare industry, hospitals and clinics have begun implementing automated technologies. Because human registration is time-consuming and prone to mistakes, hospitals and clinics are using automated help desks to manage to register cases, manage health data, and maintain treatment status, among other things. Process automation automatically schedules patients' requests for appointments, allowing them to make appointments 24 hours a day, seven days a week. They also aid in handling the growing amount of medical goods while preventing delays or stock-outs of key items and relieving the procurement team's workload. Automation enables pharmaceutical businesses to adhere to high regulatory and compliance standards while lowering operating expenses. By simplifying procedures, automation technologies assist in improving the efficiency of pharmaceutical development and production. The increased use of process automation in the healthcare industry will have a positive impact on the market.
Key Process Automation Market Trend in Europe
The virtualization of automation systems is another factor supporting the Europe process automation market share growth. The virtualization of automation systems can be done using hypervisors, a thin layer between the virtual machine and the host server. The virtual machine contains the operating system (OS) and software. Different OS is operated on top of a primary operating system using virtual machines. Virtualization provides benefits such as optimum resource utilization and operation and power cost savings. As most of the physical servers are designed to run only one OS and application at a time, it limits the server's performance. Virtualization allows a single server to run multiple operating systems and applications simultaneously. It will also enable flexibility in adopting automation systems in the process and discrete industries. Factors such as this will fuel the market demand during the forecast period.
Key Process Automation Market Challenge in Europe
The infrastructure and customization issues will be a major challenge for the Europe process automation market during the forecast period. When deploying a process automation system, a firm must invest in dependable infrastructure and skilled staff to oversee the entire process. It is tough, complex, and expensive to set up infrastructure, hire professionals or educate current personnel, and deploy thousands of bots. The platform on which automation bots frequently operate changes, and the requisite adaptability is not always included in bots. As a result, many businesses resist using process automation. Furthermore, this technology needs a distinct identity as well as cutting-edge technology. It is difficult to deploy modification in response to changing corporate requirements. As a result, the process automation market's growth has been hampered and will continue to be hampered.
This process automation market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the process automation market in Europe as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the process automation market in Europe during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the process automation market in Europe encompasses successful business strategies deployed by the key vendors. The process automation market in Europe is fragmented and the vendors are deploying growth strategies such as investing in research and development to develop new products and cater to various industries to compete in the market.
Honeywell International Inc. - The company offers process automation products such as Control and Supervisory Systems, Field Instruments, and Process Instruments products.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The process automation market in Europe forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the process automation market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the information technology spending market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 07: Parent market
*Exhibit 08: Market Characteristics
**2.2 Value Chain Analysis
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2020
**3.4 Market outlook: Forecast for 2020 - 2025
*3.4.1Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 11: Global - Market size and forecast 2021 - 2026 (million $)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 - 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Type
**5.1 Market segments
*Exhibit 20 : Type- Market share 2020-2025 (%)
**5.2 Comparison by Type
*Exhibit 21: Comparison by Type
**5.3 Discrete automation - Market size and forecast 2021-2026
*Exhibit 22: Discrete automation - Market size and forecast 2021-2026 ($ million)
*Exhibit 23: Discrete automation - Year-over-year growth 2021-2026 (%)
**5.4 Process automation - Market size and forecast 2021-2026
*Exhibit 24: Process automation - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Process automation - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Type
*Exhibit 26: Market opportunity by Type
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 27: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 28: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 29: Geographic comparison
**7.3 Germany - Market size and forecast 2021-2026
*Exhibit 30: Germany- Market size and forecast 2021-2026 ($ million)
*Exhibit 31: Germany - Year-over-year growth 2021-2026 (%)
**7.4 UK - Market size and forecast 2021-2026
*Exhibit 32: UK - Market size and forecast 2021-2026 ($ million)
*Exhibit 33: UK - Year-over-year growth 2021-2026 (%)
**7.5 France- Market size and forecast 2021-2026
*Exhibit 34: France - Market size and forecast 2021-2026 ($ million)
*Exhibit 35: France - Year-over-year growth 2021-2026 (%)
**7.6 Rest of Europe - Market size and forecast 2021-2026
*Exhibit 36: Rest of Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 37: Rest of Europe - Year-over-year growth 2021-2026 (%)
**7.7 Market opportunity by geography
*Exhibit 38: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rising demand in the healthcare sector
*8.1.2 Shift toward lean manufacturing
*8.1.3 Need for efficient use of resources and reduction of emissions
**8.2 Market challenges
*8.2.1 Infrastructure and customization issues
*8.2.2 Lack of skilled labor and awareness
*8.2.3 High upfront and upgrade costs
*Exhibit 39: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Virtualization of automation systems
*8.3.2 Digitizing business processes
*8.3.3 Shift from on-premises to cloud-based systems
***9. Vendor Landscape
**9.1 Overview
*Exhibit 40: Vendor landscape
**9.2 Landscape disruption
*Exhibit 41: ?Landscape disruption?
*Exhibit 42: Industry Risk
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors Covered
*Exhibit 43: Vendor Landscape
**10.2 Market positioning of vendors
*Exhibit 44: ?Market positioning of vendors?
**10.3 ABB Ltd.
*Exhibit 45: ABB Ltd. - Overview
*Exhibit 46: ABB Ltd. - Business segments
*Exhibit 47: ABB Ltd.– Key news
*Exhibit 48: ABB Ltd. - Key offerings
*Exhibit 49: ABB Ltd. - Segment focus
**10.4 Eaton Corp. Plc
*Exhibit 50: Eaton Corp. Plc - Overview
*Exhibit 51: Eaton Corp. Plc - Business segments
*Exhibit 52: Eaton Corp. Plc - Key offerings
*Exhibit 53: Eaton Corp. Plc - Key customers
*Exhibit 54: Eaton Corp. Plc - Segment focus
**10.5 Emerson Electric Co.
*Exhibit 55: Emerson Electric Co. - Overview
*Exhibit 56: Emerson Electric Co. - Business segments
*Exhibit 57: Emerson Electric Co. – Key news
*Exhibit 58: Emerson Electric Co. - Key offerings
*Exhibit 59: Emerson Electric Co. - Segment focus
**10.6 General Electric Co.
*Exhibit 60: General Electric Co. - Overview
*Exhibit 61: General Electric Co. - Business segments
*Exhibit 62: General Electric Co. - Key news
*Exhibit 63: General Electric Co. - Key offerings
*Exhibit 64: General Electric Co. - Segment focus
**10.7 Honeywell International Inc.
*Exhibit 65: Honeywell International Inc. - Overview
*Exhibit 66: Honeywell International Inc. - Business segments
*Exhibit 67: Honeywell International Inc.– Key news
*Exhibit 68: Honeywell International Inc. - Key offerings
*Exhibit 69: Honeywell International Inc. - Segment focus
**10.8 Mitsubishi Electric Corp.
*Exhibit 70: Mitsubishi Electric Corp. - Overview'
*Exhibit 71: Mitsubishi Electric Corp. - Business segments
*Exhibit 72: Mitsubishi Electric Corp. – Key news
*Exhibit 73: Mitsubishi Electric Corp. - Key offerings
*Exhibit 74: Mitsubishi Electric Corp. - Segment focus
**10.9 Rockwell Automation Inc.
*Exhibit 75: Rockwell Automation Inc. - Overview
*Exhibit 76: Rockwell Automation Inc. - Business segments
*Exhibit 77: Rockwell Automation Inc. - Key news
*Exhibit 78: Rockwell Automation Inc. - Key offerings
*Exhibit 79: Rockwell Automation Inc. - Segment focus
**10.10 Schneider Electric SE
*Exhibit 80: Schneider Electric SE - Overview
*Exhibit 81: Schneider Electric SE - Business segments
*Exhibit 82: Schneider Electric SE – Key news
*Exhibit 83: Schneider Electric SE - Key offerings
*Exhibit 84: Schneider Electric SE - Segment focus
**10.11 Siemens AG
*Exhibit 85: Siemens AG - Overview
*Exhibit 86: Siemens AG - Business segments
*Exhibit 87: Siemens AG - Key news
*Exhibit 88: Siemens AG - Key offerings
*Exhibit 89: Siemens AG - Segment focus
**10.12 Yokogawa Electric Corp.
*Exhibit 90: Yokogawa Electric Corp. - Overview
*Exhibit 91: Yokogawa Electric Corp. - Business segments
*Exhibit 92: Yokogawa Electric Corp. – Key news
*Exhibit 93: Yokogawa Electric Corp. - Key offerings
*Exhibit 94: Yokogawa Electric Corp. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 95: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 96: ?Research Methodology
*Exhibit 97: ??Validation techniques employed for market sizing?
*Exhibit 98: ??Information sources
**11.4 List of abbreviations
*Exhibit 99: List of abbreviations
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