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Process Instrumentation Market - Global Industry Analysis

Process Instrumentation Market by Instrument (Transmitter and Control Valve), by Technology (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), and Manufacturing Execution System (MES)), and by End-User (Household, Automotive, Water/Wastewater Treatment, Aircraft, and Laboratory Instrumentation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Published Date: 24-Oct-2018 Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-2229 Status : Published

Global process instrumentation market expected to generate around USD 21.62 billion in revenue by the end of 2024, growing at a CAGR of around 3.34% between 2018 and 2024. Process instrumentation has several benefits, such as decreased human errors, improved product quality, lower plant emissions, and reduced operating costs.

Description

The report covers the forecast and analysis for the process instrumentation market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the process instrumentation market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the process instrumentation market globally.

In order to give the users of this report a comprehensive view of the process instrumentation market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein instrument segment, technology segment, and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Process Instrumentation Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers the key strategic developments of the market including acquisitions and mergers, new technology launch, agreements, partnerships, collaborations, and joint ventures, research and development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis, instrument portfolio of various companies according to the region.

The study provides a decisive view on the process instrumentation market by segmenting the market based on instrument, technology, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes the demand for process instrumentation market based on all segments in all the regions and countries.

The major players operating in the process instrumentation market are Metso Corporation, Honeywell International Inc., Danaher Corporation, Omron Corporation, Yokogawa Electric Corporation, Siemens AG, ABB Ltd., Rockwell Automation Inc., Mitsubishi Electric Corporation, and Emerson Electric Company.

This report segments the global process instrumentation market as follows:

Global Process Instrumentation Market: Instrument Segment Analysis

  • Transmitter
  • Control Valve

Global Process Instrumentation Market: Technology Segment Analysis

  • Programmable Logic Controller (PLC)
  • Distributed Control System (DCS)
  • Supervisory Control and Data Acquisition (SCADA)
  • Manufacturing Execution System (MES)

Global Process Instrumentation Market: End-User Segment Analysis

  • Household
  • Automotive
  • Aircraft
  • Laboratory Instrumentation 

Global Process Instrumentation Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global process instrumentation market, 2015 - 2024 (USD Million)
    • 2.2. Global process instrumentation market: snapshot
  •  
  • Chapter 3. Process Instrumentation Market - Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global process instrumentation market drivers: impact analysis
      • 3.2.2. Development of the automotive industry
      • 3.2.3. Increasing labor cost
      • 3.2.4. Increase in demand from process industry
    • 3.3. Market Restraints
      • 3.3.1. Global process instrumentation market restraints: impact analysis
      • 3.3.2. High Stagnant growth in developed markets
    • 3.4. Opportunities
      • 3.4.1. Growing Emerging economies
    • 3.5. Porter’s five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by instrument segment
      • 3.6.2. Market attractiveness analysis, by technology segment
      • 3.6.3. Market attractiveness analysis, by end-user segment
      • 3.6.4. Market attractiveness analysis, by regional segment
  •  
  • Chapter 4. Global Process Instrumentation Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global process instrumentation market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Process Instrumentation Market - Instrument Segment Analysis
    • 5.1. Global process instrumentation market: instrument overview
      • 5.1.1. Global process instrumentation market revenue share, by instrument, 2017 and 2024
    • 5.2. Transmitter
      • 5.2.1. Global process instrumentation market for transmitter market, 2015 - 2024 (USD Million)
    • 5.3. Control Valve
      • 5.3.1. Global process instrumentation market for control valve market, 2015 - 2024 (USD Million)
  •  
  • Chapter 6. Global Process Instrumentation Market - Technology Segment Analysis
    • 6.1. Global process instrumentation market: technology overview
      • 6.1.1. Global process instrumentation market revenue share, by technology, 2017 and 2024
    • 6.2. Distributed Control System (DCS)
      • 6.2.1. Global process instrumentation market for Distributed Control System (DCS) market, 2015 - 2024 (USD Million)
    • 6.3. Programmable Logic Controller (PLC)
      • 6.3.1. Global process instrumentation market for Programmable Logic Controller (PLC) market, 2015 - 2024 (USD Million)
    • 6.4. Supervisory Control and Data Acquisition (SCADA)
      • 6.4.1. Global process instrumentation market for Supervisory Control and Data Acquisition (SCADA) market, 2015 - 2024 (USD Million)
    • 6.5. Manufacturing Execution System (MES)
      • 6.5.1. Global process instrumentation market for Manufacturing Execution System (MES) market, 2015 - 2024 (USD Million)
  •  
  • Chapter 7. Global Process Instrumentation Market - End-User Segment Analysis
    • 7.1. Global process instrumentation market: End-User overview
      • 7.1.1. Global process instrumentation market revenue share, by end-user, 2017 and 2024
    • 7.2. Household
      • 7.2.1. Global process instrumentation market for Household, 2015 - 2024 (USD Million)
    • 7.3. Automotive
      • 7.3.1. Global process instrumentation market for automotive, 2015 - 2024 (USD Million)
    • 7.4. Aircraft
      • 7.4.1. Global process instrumentation market for aircraft, 2015 - 2024 (USD Million)
    • 7.5. Laboratory Instrumentation
      • 7.5.1. Global process instrumentation market for laboratory instrumentation, 2015 - 2024 (USD Million)
  •  
  • Chapter 8. Global Process Instrumentation Market - Regional Segment Analysis
    • 8.1. Global process instrumentation market: regional overview
      • 8.1.1. Global process instrumentation market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
      • 8.2.2. North America process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.2.3. North America process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.2.4. The U.S.
        • 8.2.4.1. U.S. process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.2.4.2. U.S. process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.2.4.3. U.S. process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.2.5. Canada
        • 8.2.5.1. Canada process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.2.5.2. Canada process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.2.5.3. Canada process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.2.6. Mexico
        • 8.2.6.1. Mexico process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.2.6.2. Mexico process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.2.6.3. Mexico process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
      • 8.3.2. Europe process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.3.3. Europe process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.4. UK
        • 8.3.4.1. UK process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.3.4.2. UK process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.4.3. UK process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.5. Germany
        • 8.3.5.1. Germany process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.3.5.2. Germany process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.5.3. Germany process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.3.6.2. France process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.6.3. France process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.7. Spain
        • 8.3.7.1. Spain process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.3.7.2. Spain process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.7.3. Spain process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.8. Italy
        • 8.3.8.1. Italy process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.3.8.2. Italy process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.8.3. Italy process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.3.9. Rest of Europe
        • 8.3.9.1. Rest of Europe process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.3.9.2. Rest of Europe process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.3.9.3. Rest of Europe process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
      • 8.4.2. Asia Pacific process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.4.3. Asia Pacific process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.4.4.2. China process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.4.3. China process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.4.5.2. Japan process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.5.3. Japan process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.4.6.2. India process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.6.3. India process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.4.7.2. Southeast Asia process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.7.3. Southeast Asia process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.8. Australia
        • 8.4.8.1. Australia process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.4.8.2. Australia process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.8.3. Australia process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.4.9.2. South Korea process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.9.3. South Korea process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.4.10. Rest of Asia Pacific
        • 8.4.10.1. Rest of Asia Pacific process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.4.10.2. Rest of Asia Pacific process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.4.10.3. Rest of Asia Pacific process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
      • 8.5.2. Latin America process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.5.3. Latin America process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.5.4.2. Brazil process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.5.4.3. Brazil process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.5.5. Argentina
        • 8.5.5.1. Argentina process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.5.5.2. Argentina process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.5.5.3. Argentina process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.5.6. Rest of Latin America
        • 8.5.6.1. Rest of Latin America process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.5.6.2. Rest of Latin America process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.5.6.3. Rest of Latin America process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
      • 8.6.2. Middle East and Africa process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
      • 8.6.3. Middle East and Africa process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.6.4.2. GCC Countries process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.6.4.3. GCC Countries process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.6.5. South Africa
        • 8.6.5.1. South Africa process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.6.5.2. South Africa process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.6.5.3. South Africa process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
      • 8.6.6. Rest of Middle East & Africa
        • 8.6.6.1. Rest of Middle East & Africa process instrumentation market revenue, by instrument, 2015 - 2024 (USD Million)
        • 8.6.6.2. Rest of Middle East & Africa process instrumentation market revenue, by technology, 2015 - 2024 (USD Million)
        • 8.6.6.3. Rest of Middle East & Africa process instrumentation market revenue, by end-user, 2015 - 2024 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Metso Corporation
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Honeywell International Inc.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Danaher Corporation
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Omron Corporation
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Yokogawa Electric Corporation
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Siemens AG
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. ABB Ltd.
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Rockwell Automation Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Mitsubishi Electric Corporation
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Emerson Electric Company
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Methodology

Free Analysis

Process instrumentation is used to measure temperature, turbidity, humidity, speed, pressure, level, pH, force, flow, and other variables. Process instrumentation tools are needed in several end-user industries. Process instrumentation offers several benefits, such as decreases human errors, improves product quality, reduces plant emissions and operating costs. Measuring, recording, controlling, and positioning are the key parameters required for trouble-free operations of a manufacturing unit. Therefore, process instruments prioritize delivering complete consistency, exactness, and accurateness. Thus, process instrumentation gadget majorly offers proficient means to enhance plant efficiency and increase product quality.

Increase in technological advancements and innovation are the major factors primarily driving this market’s growth. Increasing demand for automated processes and instruments by producers is the key factor bolstering the expansion of process instrumentation market. Moreover, rising adoption of IoT-based processing instruments across various industries and the shift of production approach from traditional practices to digitalized methods is anticipated to boost the development of the process instrumentation market in the upcoming years. Furthermore, developments made in drilling technologies, like microseismic imaging, stacked laterals, and fracking, leads to onshore exceptional oil and gas analysis. In addition, cost efficiency, asset utilization, and reduction in engineering time and energy efficiency with the help of process instruments are some of the considerable factors positively influencing the growth of process instrumentation market.

Global Process Instrumentation Market

On the basis of the instrument, process instrumentation market is categorized into transmitter and control valve. Based on technology, the market for process instrumentation is segmented into Programmable Logic Controller (PLC), Distributed Control System (DCS), Manufacturing Execution System (MES), and Supervisory Control and Data Acquisition (SCADA). On the basis of end-user, the market for process instrumentation is fragmented into the household, automotive, aircraft, and laboratory instrumentation.

On the basis of geography, North America accounted for a major market share in 2017 and is anticipated to continue its dominance during the forecast period. This growth can be attributed to the rising next-generation technological advancements. The U.S. and Canada accounted for a major market share in this market in North America. Moreover, an increase in the adoption rate of industrial automation in various end-user industries, such as chemicals, oil and gas, pharmaceuticals, petrochemicals, and others, is primarily boosting the growth of this market. Additionally, Asia Pacific is projected to witness the highest growth rate in the upcoming years in this market. This is due to rapid industrialization in emerging countries, such as India and China.

The major players operating in the process instrumentation market are Metso Corporation, Honeywell International Inc., Danaher Corporation, Omron Corporation, Yokogawa Electric Corporation, Siemens AG, ABB Ltd., Rockwell Automation Inc., Mitsubishi Electric Corporation, and Emerson Electric Company.

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