The Growing Adoption of Industry 4.0 Across Various Industry Verticals and Rising Demand for Manufacturing Operations Are Boosting the Cis Process Automation Market Size During the Forecast Period 2022-2027

The CIS Process Automation Market size is estimated to reach US$21.5 billion by 2027, growing at a CAGR of 4.2% from 2022 to 2027. The advent of Industry 4.0 and rapid advancements in automation technology are causing a surge in multiple industrial verticals, driving the CIS Process Automation industry forward. In September 2021, Siemens introduced Sitrans IQ, a new digitalization portfolio developed for targeted wireless monitoring of critical measurement points to complete asset management. These factors boost the CIS Process Automation industry. However, high initial investment and maintenance costs are hampering the market growth during the forecast period.

Moreover, the integration of advanced technologies such as AI, ML and IIoT with existing systems has increased the performance and efficiency of these CIS Process automation systems. As a result, CIS Process Automation Systems such as PLC, DCS and APC are now an integral part of manufacturing automation processes. In February 2021, ABB Ltd launched SWIFTI, a collaborative robotic family powered with AI that provides enhanced safety measures and precision in manufacturing automation across industry verticals.

North America generated approximately 28% of the global revenues in the CIS Process Automation industry in 2021. The presence of economically strong countries, a constant need for technologically advanced systems and the presence of major manufacturers are boosting the market growth in this region. In October 2021, Alkira Inc partnered with Amazon Web Services to provide a hybrid multi-cloud infrastructure service. This collaboration is aimed at providing a smoother automation process through cloud services which thereby increases the CIS Process Automation market size.

Industry 4.0 solutions aid in improving productivity and performance management, asset utilization and efficiency in the manufacturing process. Manufacturing companies are adopting digital work instructors, digital performance management systems and robotic process automation systems with existing industrial infrastructure to increase profitability in the manufacturing and production process. These factors are creating ample opportunities for CIS Process Automation Systems. These CIS process automation systems help in the automation of manufacturing processes and reduce operational costs and energy utilization, which positively influences the CIS Process Automation Outlook. In February 2021, Schneider Electric partnered with Nexans for a digital transformation program to bring Industry 4.0 to amplify sustainability, scalability and operations. Digitalization helps factories to improve predictive maintenance and process automation, reduce carbon emissions and improve the efficiency of production lines. These factors are helping the CIS Process Automation Industry to grow during the forecast period.

Major players in the CIS Process Automation Market include ABB Ltd., Siemens AG, Honeywell, Schneider Electric, Rockwell Automation and Oracle Corporation. In September 2022, Siemens announced that it has been selected to improve Alexandria Electricity Distribution Company's distribution management system and advanced metering infrastructure (AEDC) through its CIS Process Automation systems.