The Process Automation and Instrumentation market is set to grow at a CAGR of 5.5% from 2023 to 2033, according to Future Market Insights (FMI). The market is projected to reach USD 1.72 billion by 2033 up from an estimated USD $1.06 billion in 2023. The growth is attributed to the increasing need for operational efficiency and continuous analysis. Process automation supports 24/7 operations and increases productivity and efficiency. The integration of process automation with emerging technologies such as artificial intelligence and machine learning is expanding the markets scope. Automation reduces operational costs and minimizes errors, contributing to greater cost savings for companies. The United States market leads the North American process automation and instrumentation market in terms of market share in North America.
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