Process Instrumentation Market - Global Industry Analysis

Process Instrumentation Market By Instrument (Field Instruments and Process Analyzers), By Solution (PLC, DCS, SCADA, HMI, Functional Safety, and MES), By Industry (Oil & Gas, Chemicals, Pulp & Paper, Pharmaceuticals, Metals & Mining, Food & Beverages, Energy & Power, Water & Wastewater Treatment, and Others), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2028

Published Date: 17-May-2022 Category: Heavy Industry Report Format : PDF Pages: 177 Report Code: ZMR-2229 Status : Published

The global process instrumentation market size was worth around USD 17219.5 million in 2021 and is estimated to grow to about USD 28093.05477 million by 2028, with a compound annual growth rate (CAGR) of approximately 8.5 percent over the forecast period.

Description

Process Instrumentation Market Size And Forecast

The global process instrumentation market size was worth around USD 17219.5 million in 2021 and is estimated to grow to about USD 28093.05477 million by 2028, with a compound annual growth rate (CAGR) of approximately 8.5 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Process Instrumentation Market: Overview

Process Instrumentation is a collective term for sensors incorporated into measuring instruments used for indicating, measuring, and recording physical quantities. It is used in several applications including industrial manufacturing facilities and water & wastewater treatment to measure several variables such as pressure, flow, pH, level, conductivity, temperature, turbidity, force, speed, humidity, and other variables in process plants. In the process instrumentation market, the major parameters like recording, positioning, measuring, and controlling are fueling the growth of the market as they are vital for the smooth functioning of a manufacturing unit and are top priorities for process instruments for attaining great levels of absolute reliability, accuracy, and precision.

COVID-19 Impact:

COVID-19 pandemic has negatively impacted the growth of the process instrumentation market due to disruptions in the supply chain and a decline in demand. Production has come to an unforeseen end globally, which influenced the demand for the product in the end-user industries worldwide and affected the price as well. Many disruptions have been felt across the end-user industries which hindered the growth of process instrumentation market.

Process Instrumentation Market: Growth Drivers

Increasing focus of manufacturing firms on attaining cost-saving and better efficiency

Process automation can help in achieving the efficiency of a production site that is assessed by its ability to respond quickly to rapid and unexpected changes in demand, preferences, and resource availability. Instrumentation products help to measure and analyze process parameters such as pressure, temperature, level, and humidity, while process automation solutions help monitor and control processes to lower rework costs, minimize inspection costs, and reduce system failures. Thus, process instrumentation helps manufacturing firms cut costs and increase revenue. Industries are vigorously adopting process automation and instrumentation solutions across their production sites to streamline industry operations, achieve enhanced productivity, and reduce costs.

Global Process Instrumentation Market .

Process Instrumentation Market: Restraints

High implementation and maintenance costs related to process instrumentation

There is a need for high initial investments to set up an automated production plant which is one of the most significant factors limiting the growth of the process instrumentation market. Huge capital is required to deploy automation solutions, as well as instrumentation devices such as process analyzers and transmitters. Moreover, automation software solutions require recurrent upgrades owing to ongoing technological advancements. It is not feasible for small businesses to bear such expenditures. Thus, system installation, maintenance, and upgrade require huge capital investment, confining market growth to a certain extent.

Process Instrumentation Market: Segmentation

The global process instrumentation market is segregated based on instrument, solution, and industry.

By instrument, the market is classified into Field Instruments and Process Analyzers. Field instruments dominated the global process instrumentation market in 2021. Field instruments assist in managing plant assets, enhancing plant safety, and optimizing overall production processes through data acquisition, control, and measurement. It is necessary to obtain significant information regarding major parameters, including temperature, pressure, and level, to monitor and control processes quickly, smoothly, securely, and accurately, as well as to achieve optimum productivity.

By solution, the global market is classified into PLC, DCS, SCADA, HMI, Functional Safety, and MES. Among them, the PLC segment is estimated to dominate the overall process instrumentation market, owing to the increasing deployment of various enterprise solutions. They are used to lower power consumption, handle complicated logic operations and offer better dependability since they have no moving parts.

Recent developments

  • In June 2020, Emerson Electric Co. launched ASCO Series 353 pulse valves. These valves are expected to help end-users achieve effective, efficient, and convenient bag cleaning. These valves can be used in different applications in agriculture, pharmaceuticals, mining, rubber, metals, cement, and power industries
  • In February 2019, General Electric Company launched the sixth version of iFIX, an HMI/SCADA software designed to improve operational productivity by providing plant operators with high performance to give users the most informed view of the problem or task and secure visualization from anywhere at any time.
  • In September 2019, Siemens and Grundfos signed a digital partnership framework for their strategic collaboration with the two companies. The new partnership focuses on the complementary products and solutions provided by both parties in three main areas: water and wastewater applications, industrial automation, and building technology.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Regional Landscape

The Asia Pacific is anticipated to have the fastest growth during the forecast period, followed by North America. In the Asia Pacific, the demand for process instrumentation solutions is growing from the oil & gas and food & beverages industries due to the ever-increasing population in the Asia Pacific. Development in technologies such as using autonomous underwater vehicles and unmanned aerial vehicles, onshore and offshore pipelines is being done to protect against terrorist attacks, criminal activities, and even repair damages. These factors lead to the growth of the instrumentation market in this region. Additionally, the provision of IoT platform capabilities is expected to propel the process automation and instrumentation market in North America.

Competitive Landscape

Some of the main competitors dominating the global process instrumentation market include - ABB Ltd (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), Schneider Electric (France), and Others.

Global process instrumentation market is segmented as follows:

By Instrument

  • Field Instruments
  • Process Analyzers

By Solution

  • PLC
  • DCS
  • SCADA
  • HMI
  • Functional Safety
  • MES

By Industry

  • Oil & Gas
  • Chemicals
  • Pulp & Paper
  • Pharmaceuticals
  • Metals & Mining
  • Food & Beverages
  • Energy & Power
  • Water & Wastewater Treatment
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Process Instrumentation Market, (2022 - 2028) (USD Million)
    • 2.2 Global Process Instrumentation Market : snapshot
  • Chapter 3. Global Process Instrumentation Market - Industry Analysis
    • 3.1 Process Instrumentation Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing focus of manufacturing firms on attaining cost-saving and better efficiency
    • 3.3 Market Restraints
      • 3.3.1. High implementation and maintenance costs related to process instrumentation
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Instrument
      • 3.7.2 Market attractiveness analysis By Solution
      • 3.7.3 Market attractiveness analysis By Industry
  • Chapter 4. Global Process Instrumentation Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Process Instrumentation Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Process Instrumentation Market - Instrument Analysis
    • 5.1 Global Process Instrumentation Market overview: By Instrument
      • 5.1.1 Global Process Instrumentation Market share, By Instrument, 2021 and 2028
    • 5.2 Field Instruments
      • 5.2.1 Global Process Instrumentation Market by Field Instruments, 2022 - 2028 (USD Million)
    • 5.3 Process Analyzers
      • 5.3.1 Global Process Instrumentation Market by Process Analyzers, 2022 - 2028 (USD Million)
  • Chapter 6. Global Process Instrumentation Market - Solution Analysis
    • 6.1 Global Process Instrumentation Market overview: By Solution
      • 6.1.1 Global Process Instrumentation Market share, By Solution, 2021 and 2028
    • 6.2 PLC
      • 6.2.1 Global Process Instrumentation Market by PLC, 2022 - 2028 (USD Million)
    • 6.3 DCS
      • 6.3.1 Global Process Instrumentation Market by DCS, 2022 - 2028 (USD Million)
    • 6.4 SCADA
      • 6.4.1 Global Process Instrumentation Market by SCADA, 2022 - 2028 (USD Million)
    • 6.5 HMI
      • 6.5.1 Global Process Instrumentation Market by HMI, 2022 - 2028 (USD Million)
    • 6.6 Functional Safety
      • 6.6.1 Global Process Instrumentation Market by Functional Safety, 2022 - 2028 (USD Million)
    • 6.7 MES
      • 6.7.1 Global Process Instrumentation Market by MES, 2022 - 2028 (USD Million)
  • Chapter 7. Global Process Instrumentation Market - Industry Analysis
    • 7.1 Global Process Instrumentation Market overview: By Industry
      • 7.1.1 Global Process Instrumentation Market share, By Industry, 2021 and 2028
    • 7.2 Oil & Gas
      • 7.2.1 Global Process Instrumentation Market by Oil & Gas, 2022 - 2028 (USD Million)
    • 7.3 Chemicals
      • 7.3.1 Global Process Instrumentation Market by Chemicals, 2022 - 2028 (USD Million)
    • 7.4 Pulp & Paper
      • 7.4.1 Global Process Instrumentation Market by Pulp & Paper, 2022 - 2028 (USD Million)
    • 7.5 Pharmaceuticals
      • 7.5.1 Global Process Instrumentation Market by Pharmaceuticals, 2022 - 2028 (USD Million)
    • 7.6 Metals & Mining
      • 7.6.1 Global Process Instrumentation Market by Metals & Mining, 2022 - 2028 (USD Million)
    • 7.7 Food & Beverages
      • 7.7.1 Global Process Instrumentation Market by Food & Beverages, 2022 - 2028 (USD Million)
    • 7.8 Energy & Power
      • 7.8.1 Global Process Instrumentation Market by Energy & Power, 2022 - 2028 (USD Million)
    • 7.9 Water & Wastewater Treatment
      • 7.9.1 Global Process Instrumentation Market by Water & Wastewater Treatment, 2022 - 2028 (USD Million)
    • 7.10 Others
      • 7.10.1 Global Process Instrumentation Market by Others, 2022 - 2028 (USD Million)
  • Chapter 8. Process Instrumentation Market - Regional Analysis
    • 8.1 Global Process Instrumentation Market Regional Overview
    • 8.2 Global Process Instrumentation Market Share, by Region, 2021 & 2028 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Process Instrumentation Market, 2022 - 2028 (USD Million)
        • 8.3.1.1 North America Process Instrumentation Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 North America Process Instrumentation Market, by Instrument, 2022 - 2028
      • 8.4.1 North America Process Instrumentation Market, by Instrument, 2022 - 2028 (USD Million)
    • 8.5 North America Process Instrumentation Market, by Solution, 2022 - 2028
      • 8.5.1 North America Process Instrumentation Market, by Solution, 2022 - 2028 (USD Million)
    • 8.6 North America Process Instrumentation Market, by Industry, 2022 - 2028
      • 8.6.1 North America Process Instrumentation Market, by Industry, 2022 - 2028 (USD Million)
    • 8.4. Europe
      • 8.4.2 Europe Process Instrumentation Market, 2022 - 2028 (USD Million)
        • 8.4.2.1 Europe Process Instrumentation Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Europe Process Instrumentation Market, by Instrument, 2022 - 2028
      • 8.4.1 Europe Process Instrumentation Market, by Instrument, 2022 - 2028 (USD Million)
    • 8.5 Europe Process Instrumentation Market, by Solution, 2022 - 2028
      • 8.5.1 Europe Process Instrumentation Market, by Solution, 2022 - 2028 (USD Million)
    • 8.6 Europe Process Instrumentation Market, by Industry, 2022 - 2028
      • 8.6.1 Europe Process Instrumentation Market, by Industry, 2022 - 2028 (USD Million)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Process Instrumentation Market, 2022 - 2028 (USD Million)
        • 8.5.3.1 Asia Pacific Process Instrumentation Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Asia Pacific Process Instrumentation Market, by Instrument, 2022 - 2028
      • 8.4.1 Asia Pacific Process Instrumentation Market, by Instrument, 2022 - 2028 (USD Million)
    • 8.5 Asia Pacific Process Instrumentation Market, by Solution, 2022 - 2028
      • 8.5.1 Asia Pacific Process Instrumentation Market, by Solution, 2022 - 2028 (USD Million)
    • 8.6 Asia Pacific Process Instrumentation Market, by Industry, 2022 - 2028
      • 8.6.1 Asia Pacific Process Instrumentation Market, by Industry, 2022 - 2028 (USD Million)
    • 8.6. Latin America
      • 8.6.4 Latin America Process Instrumentation Market, 2022 - 2028 (USD Million)
        • 8.6.4.1 Latin America Process Instrumentation Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Latin America Process Instrumentation Market, by Instrument, 2022 - 2028
      • 8.4.1 Latin America Process Instrumentation Market, by Instrument, 2022 - 2028 (USD Million)
    • 8.5 Latin America Process Instrumentation Market, by Solution, 2022 - 2028
      • 8.5.1 Latin America Process Instrumentation Market, by Solution, 2022 - 2028 (USD Million)
    • 8.6 Latin America Process Instrumentation Market, by Industry, 2022 - 2028
      • 8.6.1 Latin America Process Instrumentation Market, by Industry, 2022 - 2028 (USD Million)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Process Instrumentation Market, 2022 - 2028 (USD Million)
        • 8.7.5.1 The Middle-East and Africa Process Instrumentation Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 The Middle-East and Africa Process Instrumentation Market, by Instrument, 2022 - 2028
      • 8.4.1 The Middle-East and Africa Process Instrumentation Market, by Instrument, 2022 - 2028 (USD Million)
    • 8.5 The Middle-East and Africa Process Instrumentation Market, by Solution, 2022 - 2028
      • 8.5.1 The Middle-East and Africa Process Instrumentation Market, by Solution, 2022 - 2028 (USD Million)
    • 8.6 The Middle-East and Africa Process Instrumentation Market, by Industry, 2022 - 2028
      • 8.6.1 The Middle-East and Africa Process Instrumentation Market, by Industry, 2022 - 2028 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 ABB Ltd (Switzerland)
      • 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 Emerson Electric Co. (US)
      • 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 Siemens (Germany)
      • 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 General Electric Company (US)
      • 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 Schneider Electric (France)
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Process Instrumentation Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Process Instrumentation Market attractiveness, By Instrument
  • 6. Global Process Instrumentation Market attractiveness, By Solution
  • 7. Global Process Instrumentation Market attractiveness, By Industry
  • 8. Global Process Instrumentation Market share by Instrument, 2022 and 2028 (USD Million)
  • 9. Global Process Instrumentation Market by Field Instruments, 2022 - 2028 (USD Million)
  • 10. Global Process Instrumentation Market by Process Analyzers, 2022 - 2028 (USD Million)
  • 11. Global Process Instrumentation Market share by Solution, 2022 and 2028 (USD Million)
  • 12. Global Process Instrumentation Market by PLC, 2022 - 2028 (USD Million)
  • 13. Global Process Instrumentation Market by DCS, 2022 - 2028 (USD Million)
  • 14. Global Process Instrumentation Market by SCADA, 2022 - 2028 (USD Million)
  • 15. Global Process Instrumentation Market by HMI, 2022 - 2028 (USD Million)
  • 16. Global Process Instrumentation Market by Functional Safety, 2022 - 2028 (USD Million)
  • 17. Global Process Instrumentation Market by MES, 2022 - 2028 (USD Million)
  • 18. Global Process Instrumentation Market share by Industry, 2022 and 2028 (USD Million)
  • 19. Global Process Instrumentation Market by Oil & Gas, 2022 - 2028 (USD Million)
  • 20. Global Process Instrumentation Market by Chemicals, 2022 - 2028 (USD Million)
  • 21. Global Process Instrumentation Market by Pulp & Paper, 2022 - 2028 (USD Million)
  • 22. Global Process Instrumentation Market by Pharmaceuticals, 2022 - 2028 (USD Million)
  • 23. Global Process Instrumentation Market by Metals & Mining, 2022 - 2028 (USD Million)
  • 24. Global Process Instrumentation Market by Food & Beverages, 2022 - 2028 (USD Million)
  • 25. Global Process Instrumentation Market by Energy & Power, 2022 - 2028 (USD Million)
  • 26. Global Process Instrumentation Market by Water & Wastewater Treatment, 2022 - 2028 (USD Million)
  • 27. Global Process Instrumentation Market by Others, 2022 - 2028 (USD Million)
  • 28. Global Process Instrumentation Market share, by Region, 2022 and 2028
  • 29. North America Process Instrumentation Market, 2022 - 2028 (USD Million)
  • 30. Europe Process Instrumentation Market, 2022 - 2028 (USD Million)
  • 31. Asia Pacific Process Instrumentation Market, 2022 - 2028 (USD Million)
  • 32. Latin America Process Instrumentation Market, 2022 - 2028 (USD Million)
  • 33. The Middle-East and Africa Process Instrumentation Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Process Instrumentation Market: Snapshot
  • 2. Drivers of the Process Instrumentation Market: impact analysis
  • 3. North America Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 4. North America Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 5. North America Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 6. U.S. Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 7. U.S. Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 8. U.S. Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 9. Canada Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 10. Canada Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 11. Canada Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 12. Europe Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 13. Europe Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 14. Europe Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 15. Germany Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 16. Germany Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 17. Germany Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 18. France Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 19. France Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 20. France Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 21. U.K. Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 22. U.K. Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 23. U.K. Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 24. Italy Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 25. Italy Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 26. Italy Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 27. Spain Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 28. Spain Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 29. Spain Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 30. Rest of Europe Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 31. Rest of Europe Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 32. Rest of Europe Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 33. Asia Pacific Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 34. Asia Pacific Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 35. Asia Pacific Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 36. China Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 37. China Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 38. China Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 39. Japan Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 40. Japan Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 41. Japan Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 42. India Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 43. India Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 44. India Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 45. South Korea Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 46. South Korea Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 47. South Korea Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 48. South-East Asia Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 49. South-East Asia Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 50. South-East Asia Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 51. Rest of Asia Pacific Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 52. Rest of Asia Pacific Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 53. Rest of Asia Pacific Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 54. Latin America Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 55. Latin America Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 56. Latin America Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 57. Brazil Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 58. Brazil Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 59. Brazil Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 60. Mexico Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 61. Mexico Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 62. Mexico Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 63. Rest of Latin America Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 64. Rest of Latin America Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 65. Rest of Latin America Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 66. The Middle-East and Africa Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 67. The Middle-East and Africa Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 68. The Middle-East and Africa Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 69. GCC Countries Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 70. GCC Countries Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 71. GCC Countries Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 72. South Africa Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 73. South Africa Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 74. South Africa Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)
  • 75. Rest of Middle-East Africa Process Instrumentation Market revenue, By Instrument, 2022 - 2028 (USD Million)
  • 76. Rest of Middle-East Africa Process Instrumentation Market revenue, By Solution, 2022 - 2028 (USD Million)
  • 77. Rest of Middle-East Africa Process Instrumentation Market revenue, By Industry, 2022 - 2028 (USD Million)

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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FrequentlyAsked Questions

Process automation can help in achieving the efficiency of a production site that is assessed by its ability to respond quickly to rapid and unexpected changes in demand, preferences, and resource availability. Instrumentation products help to measure and analyse process parameters such as pressure, temperature, level, and humidity, while process automation solutions help monitor and control processes to lower rework costs, minimize inspection costs, and reduce system failures.

According to the Market Research report, the global process instrumentation market was worth around USD 17219.5 million in 2021 and is estimated to grow to about USD 28093.05477 million by 2028, with a compound annual growth rate (CAGR) of approximately 8.5 percent over the forecast period.

The Asia Pacific is anticipated to have the fastest growth during the forecast period, followed by North America. In the Asia Pacific, the demand for process instrumentation solutions is growing from the oil & gas and food & beverages industries due to the ever-increasing population in the Asia Pacific.

Some of the main competitors dominating the global process instrumentation market include - ABB Ltd (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), Schneider Electric (France), and Others.

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