The Latin America, Middle East and Africa Automation and Instrumentation In Power Market is expected to witness market growth of 8.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automation and Instrumentation In Power Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $959.1 Million by 2031. The Argentina market is capturing a CAGR of 10.1% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 7.7% during 2024-2031.
The growing penetration of renewable energy sources such as solar and wind necessitates adopting automation and instrumentation to manage their variability and intermittent. Power companies invest in smart grid technologies, energy storage systems, and grid-balancing solutions to integrate renewable energy into the grid effectively, reduce reliance on fossil fuels, and meet sustainability goals.
With the growing adoption of digital technologies like cloud computing, data analytics, and the Internet of Things (IoT), the power industry is experiencing a digital revolution. These technologies enable optimizing power generation, transmission, and distribution networks and implementing real-time monitoring and predictive maintenance.
The growing investments in the renewable energy sector in Abu Dhabi are significantly impacting the automation and instrumentation in power market. Abu Dhabi’s commitment to expanding its renewable energy capacity, particularly solar and wind, drives demand for advanced technologies and solutions to support this transition. According to information from the United Arab Emirates Embassy in Washington, Abu Dhabi has allocated over $20 billion towards renewable energy initiatives via Masdar.
Over the past decade, this investment has resulted in a 400 percent expansion of the UAE’s renewable energy portfolio. Investments in renewable energy promote the establishment of research and innovation hubs in Abu Dhabi. These hubs focus on developing cutting-edge automation and instrumentation technologies tailored to the needs of the renewable energy sector. Therefore, increasing investment in the renewable energy sector is driving the market's growth.
The Brazil market dominated the LAMEA Automation and Instrumentation In Power Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $959.1 Million by 2031. The Argentina market is capturing a CAGR of 10.1% during 2024-2031. Additionally, the UAE market is expected to showcase a CAGR of 7.7% during 2024-2031.
The growing penetration of renewable energy sources such as solar and wind necessitates adopting automation and instrumentation to manage their variability and intermittent. Power companies invest in smart grid technologies, energy storage systems, and grid-balancing solutions to integrate renewable energy into the grid effectively, reduce reliance on fossil fuels, and meet sustainability goals.
With the growing adoption of digital technologies like cloud computing, data analytics, and the Internet of Things (IoT), the power industry is experiencing a digital revolution. These technologies enable optimizing power generation, transmission, and distribution networks and implementing real-time monitoring and predictive maintenance.
The growing investments in the renewable energy sector in Abu Dhabi are significantly impacting the automation and instrumentation in power market. Abu Dhabi’s commitment to expanding its renewable energy capacity, particularly solar and wind, drives demand for advanced technologies and solutions to support this transition. According to information from the United Arab Emirates Embassy in Washington, Abu Dhabi has allocated over $20 billion towards renewable energy initiatives via Masdar.
Over the past decade, this investment has resulted in a 400 percent expansion of the UAE’s renewable energy portfolio. Investments in renewable energy promote the establishment of research and innovation hubs in Abu Dhabi. These hubs focus on developing cutting-edge automation and instrumentation technologies tailored to the needs of the renewable energy sector. Therefore, increasing investment in the renewable energy sector is driving the market's growth.
List of Key Companies Profiled
- Siemens AG
- ABB Group
- Emerson Electric Co.
- Rockwell Automation Inc.
- Omron Corporation
- Honeywell International, Inc.
- Schneider Electric SE
- Mitsubishi Electric Corporation
- Yokogawa Electric Corporation
- Danaher Corporation (Beckman Coulter, Inc.)
Market Report Segmentation
By Instrument
- Field Instruments
- Process Analyzers
By Solution
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Safety Automation Supervisory Control and Data Acquisition (SCADA)
- Human Machine Interaction (HMI)
- Advanced Process Control (APC)
- Manufacturing Execution System (MES)
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Automation and Instrumentation In Power Market by Instrument
Chapter 6. LAMEA Automation and Instrumentation In Power Market by Solution
Chapter 7. LAMEA Automation and Instrumentation In Power Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Siemens AG
- ABB Group
- Emerson Electric Co.
- Rockwell Automation Inc.
- Omron Corporation
- Honeywell International, Inc.
- Schneider Electric SE
- Mitsubishi Electric Corporation
- Yokogawa Electric Corporation
- Danaher Corporation (Beckman Coulter, Inc.)
Methodology
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