Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 18.63 Billion | USD 24.92 Billion | 3.1% | 2024 |
FrequentlyAsked Questions
The global process instrumentation market is expected to grow due to increasing industrial automation, demand for precision in manufacturing, stringent regulatory standards, growth in oil & gas and chemical industries, and advancements in smart sensor technologies.
According to a study, the global process instrumentation market size was worth around USD 18.63 Billion in 2024 and is expected to reach USD 24.92 Billion by 2034.
The global process instrumentation market is expected to grow at a CAGR of 3.1% during the forecast period.
Asia-Pacific is expected to dominate the process instrumentation market over the forecast period.
Leading players in the global process instrumentation market include ABB Ltd (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), Schneider Electric (France), Others,, among others.
The report explores crucial aspects of the process instrumentation market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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