流程工业自动化：受益结构性红利的高增长市场与投资机遇

Fast-growingmarket with structural tailwinds and investment opportunities November 2025 Table of Contents •Executive summary•View on automation for industrial applications: segments and end markets•Impact of megatrends and new technologies•Spotlight on new process industry automation applications:‒Increasing use and accuracy of ‘digital twins’‒Distributed automation in process industries•Profitability and value drivers of key market participants•M&A trends in the process industry automation market The global process industry automation market is expected to see strong growth, reaching c.$160B by2030 driven by technological innovation and megatrends including regulation, AI and cybersecurity Process industries are being impacted by overarching megatrends that create a range of opportunities These megatrends are enabled by advances in digital technologies and are resulting in several Digital twins are real-time virtual simulations of physical systems that integrate physics-based and AImodels to predict performance and optimise process operations Case study: Chemical product manufacturer deployed a digital twin to optimise its energy-intensivespray drying process, achieving double-digit efficiency gains and an ROI within 12 months Growth in digital twin applications creates multiple potential investment pathways focused around Distributed automation pushes decision logic and control to edge nodes across plant infrastructure, Case study: Electric grid provider achieved cost-effective reduction in outage duration and frequency The distributed automation market is growing as plants pursue modular & resilient operations, creating Common themes and strengths in leading companies across segments of the process industry Which ones make money and why? ▪Key megatrends: Process industry automation directly addresses several key megatrends that underpin structural growth and isevolving from a pure efficiency tool to an enabler of intelligent, resource-indulgent automated industrial processes. Technologically, rapidimprovements in AI and digitalization are pushing the boundaries of what is possible, while geopolitical tensions andlabourscarcity areshaping an increased local investment need. ▪Industry 4.0: Convergence of operational technology and IT allows for AI-driven data analytics and dynamic adjustments across allstages of production, allowing for digitaloptimisationof physical production processes (e.g., through digital twins). Global process industry automation marketgrowth2024A-2030F ▪Difficult to replicate technology: Innovation leaders understand how to integrate AI and machine learning into their own processes andcreate intellectual property, which allows them to protect their market position. ▪Data protection: Software-enabled/connected products are now table stakes, as highly sought-after solutions must also provide robustcybersecurity protocols to ensure data protection. Manufacturing companies ranking processindustry automation as top priorityfor techinvestments ▪Global solutions/reshoring: Customers increasingly demand comprehensive, globally deployed solutions offering customers shorterlead times, enhanced quality control and greater reliability. Complexity can be kept at a minimum through identical or similar highlyautomated setups that can be managed with remote input. ▪Market growth: While North America remains the largest market, the Asia-Pacific region's share is growing most rapidly with projected We span a global network of experts and look forward to connecting with you to share our experience Harris Williams–Important Disclosures Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 13th floor, One Angel Court, London EC2R 7HJ, UK,registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd isauthorisedand regulated by the Financial Conduct Authority, number 5408952. Harris Williams Private Capital AdvisoryLtd. is an Appointed Representative of Sturgeon Ventures, LLP, which isauthorisedand regulated by the Financial Conduct Authority number 452811. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial registerof the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is 16th Floor,Marienturm,Taunusanlage9-10 60329, Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com).Geschäftsführer/Director: Paul Poggi, VAT No. DE321666994. Harris Williams (“HW”) is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd, Harris Williams & Co. Corporate Finance Advisors GmbH, and Harris Williams PrivateCapital Advisory, Ltd conduct business. Harris Williams Primary Fund Placement LLC (“HW PFP”, f/d/b/a Aqueduct Capital Group, LLC) is a registered broker-dealer and member of FINRA and SIPC