Pulp And Paper Automation Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Pulp And Paper Automation Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, the pulp and paper automation market size has grown strongly in recent years. It will grow from $5.78 billion in 2023 to $6.32 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to demand for increased efficiency, integration of supply chain, focus on product quality and consistency, globalization of markets.

The pulp and paper automation market size is expected to see strong growth in the next few years. It will grow to $8.52 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to industry 4.0 integration, rising demand for sustainable solutions, advanced robotics and automation, remote monitoring and control, customization and personalization. Major trends in the forecast period include technological innovation, predictive maintenance, advanced analytics for decision support, cloud-based automation platforms, advancements in control systems.

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Market Drivers and Trends:

The increasing demand for industrial automation is expected to propel the growth of the pulp and paper automation market going forward. Industrial automation uses advanced technologies such as robotics, control systems, and computer software to streamline and optimize manufacturing processes, reducing human intervention and enhancing efficiency and productivity in industrial settings. Industrial automation systems monitor and control various pulp and paper production stages to improve product quality, reduce waste, and minimize energy consumption. For instance, in October 2022, according to the International Federation of Robotics report, a Germany-based non-profit organization, factories worldwide witnessed a record-breaking surge in the installation of industrial robots, reaching an all-time high of 517,385 units. The Americas experienced a notable increase, with 50,712 industrial robots installed, a 31% rise from the previous year. Specifically, installations soared by 14% within the United States, totaling 34,987 units in 2021. Therefore, the increasing demand for industrial automation is driving the growth of the pulp and paper automation market.

Major companies operating in the pulp and paper automation market are developing innovative products such as Bleached Chemi-Thermo Mechanical Pulp (BCTMP) technology to drive their revenues in the market. BCTMP is a mechanical pulping process that uses sodium sulfite for impregnation. The BCTMP technology produces high-brightness, hardwood-based, customized TCF (total chlorine-free) pulps for various uses, including printing and writing papers, tissue products, paperboard products, wood-free papers, and specialty papers. For instance, in January 2023, Valmet, a Europe-based developer and supplier of process technologies, automation, and services for the pulp, paper, and energy industries, launched the Valmet Polymer Concentration Measurement (Valmet PCM), an advanced optical inline polymer measurement system. This innovation is designed to measure polymer concentration in real-time, enabling the optimization of polymer usage in industrial wastewater treatment as well as in paper and board production applications. The Valmet PCM is the first of its kind, offering enhanced accuracy and efficiency in monitoring and controlling polymer concentration, ultimately contributing to improved process performance and resource utilization.

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Major Key Players of the Market:

Microsoft Corporation, Hitachi Ltd., Amazon Web Services Inc., Siemens AG, General Electric Company, IBM Corporation, Oracle Corporation, Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd., Emerson Electric Co., Parker Hannifin Corporation, Andritz AG, Rockwell Automation Inc., Omron Corporation, Fanuc Corporation, Fuji Electric Co. Ltd., Baker Hughes Company, NV Bekaert SA, BTG Group BV, Metso Corporation, Valmet Corporation, Voith Group, Yaskawa Electric Corporation, Pentair plc, Ecolab Inc. (formerly Nalco Holding Company), Yokogawa Electric Corporation, Solenis LLC, Kemira Oyj

Pulp And Paper Automation Market 2024 Key Insights:

• The pulp and paper automation market is expected to grow to $8.52 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• The Impact of Rising Industrial Automation Demand on the Pulp and Paper Automation Market
• Advancements In Pulp And Paper Automation Reshape Industry Landscape
• Europe was the largest region in the pulp and paper automation market in 2023

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