Process instrumentation refers to the use of various devices and sensors to monitor and control industrial processes. It involves the measurement and control of variables such as temperature, pressure, flow rate, level, and composition within a manufacturing or industrial operation. The primary purpose of process instrumentation is to ensure that industrial processes operate efficiently, safely, and reliably. By accurately measuring and controlling the variables involved in a process, it helps maintain optimal conditions, detect deviations or abnormalities, and make necessary adjustments to maintain desired parameters. The Process Instrumentation market is expanding because of factors such as Increasing government initiatives in wastewater treatment and growing demand for sustainable energy.
These systems are frequently used to monitor and control the processes involved in the treatment of waste and water. These provide information on the state of the water being treated as well. Additionally, the US Environmental Protection Agency (EPA) has stepped up investment in the nation's decomposing water infrastructure. In November 2022, for instance, the U.S. The City of Pflugerville, Texas, received a grant from the EPA under the Water Infrastructure Finance and Innovation Act (WIFIA) for USD 52 million to fund the project to modernize the water treatment plant. With the WIFIA loan, the EPA is assisting the facility process more drinking water while also maintaining the water's health using cutting-edge treatment and filter technologies, which is expected to boost the process instrumentation market expansion. In addition, increase in demand from the process industry and rising Modernization and migration services are creating lucrative opportunities for market growth. However, the high cost of Process Instrumentation stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Process Instrumentation Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as the rising number of wastewater treatment projects, the rising process industry, and the rising demand for energy-efficient solutions in the region. Whereas, Asia Pacific is projected to have the significant growth owing to factors such as rising to the region's favorable government policies in growing countries such China and India, quickly expanding industrial activity, rising cost pressure, and rising production rate.
Major market player included in this report are:
- Honeywell International Inc.
- Siemens AG
- Omron Corporation
- ABB Ltd.
- Emerson Electric Company
- Rockwell Automation Inc.
- Mitsubishi Electric Corporation
- Danaher Corporation
- Metso Corporation
- Yokogawa Electric Corporation
Recent Developments in the Market:
- In May 2022, Symphony AI Industrial unveiled its Manufacturing operations management (MOM) 360 is a solution that combines enterprise-level governance with factory execution system (MES) functionality and AI-based workflow optimization. Industry 4.0 intelligent manufacturing's data-driven process improvement goals were created, and MOM 360 was developed to assist businesses in achieving them.
Global Process Instrumentation Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Instrument, Technology, End-user, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Instrument:
- Transmitter
- Control Valve
By Technology:
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Manufacturing Execution System (MES)
By End-user:
- Water and Wastewater Treatment
- Chemical Manufacturing
- Energy & Utilities
- Oil and Gas Extraction
- Metals and Mining
- Other Process Industries
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Process Instrumentation Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Process Instrumentation Market, by Instrument, 2020-2030 (USD Billion)
- 1.2.3. Process Instrumentation Market, by Technology, 2020-2030 (USD Billion)
- 1.2.4. Process Instrumentation Market, by End-user, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Process Instrumentation Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Process Instrumentation Market Dynamics
- 3.1. Process Instrumentation Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing government initiatives in wastewater treatment
- 3.1.1.2. Growing demand for sustainable energy
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Process Instrumentation
- 3.1.2.2. Cybersecurity Concerns
- 3.1.3. Market Opportunities
- 3.1.3.1. Increase in demand from process industry
- 3.1.3.2. Rising Modernization and migration services
Chapter 4. Global Process Instrumentation Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Process Instrumentation Market, by Instrument
- 5.1. Market Snapshot
- 5.2. Global Process Instrumentation Market by Instrument, Performance - Potential Analysis
- 5.3. Global Process Instrumentation Market Estimates & Forecasts by Instrument 2020-2030 (USD Billion)
- 5.4. Process Instrumentation Market, Sub Segment Analysis
- 5.4.1. Transmitter
- 5.4.2. Control Valve
Chapter 6. Global Process Instrumentation Market, by Technology
- 6.1. Market Snapshot
- 6.2. Global Process Instrumentation Market by Technology, Performance - Potential Analysis
- 6.3. Global Process Instrumentation Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
- 6.4. Process Instrumentation Market, Sub Segment Analysis
- 6.4.1. Programmable Logic Controller (PLC)
- 6.4.2. Distributed Control System (DCS)
- 6.4.3. Supervisory Control and Data Acquisition (SCADA)
- 6.4.4. Manufacturing Execution System (MES)
Chapter 7. Global Process Instrumentation Market, by End-user
- 7.1. Market Snapshot
- 7.2. Global Process Instrumentation Market by End-user, Performance - Potential Analysis
- 7.3. Global Process Instrumentation Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
- 7.4. Process Instrumentation Market, Sub Segment Analysis
- 7.4.1. Water and Wastewater Treatment
- 7.4.2. Chemical Manufacturing
- 7.4.3. Energy & Utilities
- 7.4.4. Oil and Gas Extraction
- 7.4.5. Metals and Mining
- 7.4.6. Other Process Industries
Chapter 8. Global Process Instrumentation Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Process Instrumentation Market, Regional Market Snapshot
- 8.4. North America Process Instrumentation Market
- 8.4.1. U.S. Process Instrumentation Market
- 8.4.1.1. Instrument breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End-user breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Process Instrumentation Market
- 8.5. Europe Process Instrumentation Market Snapshot
- 8.5.1. U.K. Process Instrumentation Market
- 8.5.2. Germany Process Instrumentation Market
- 8.5.3. France Process Instrumentation Market
- 8.5.4. Spain Process Instrumentation Market
- 8.5.5. Italy Process Instrumentation Market
- 8.5.6. Rest of Europe Process Instrumentation Market
- 8.6. Asia-Pacific Process Instrumentation Market Snapshot
- 8.6.1. China Process Instrumentation Market
- 8.6.2. India Process Instrumentation Market
- 8.6.3. Japan Process Instrumentation Market
- 8.6.4. Australia Process Instrumentation Market
- 8.6.5. South Korea Process Instrumentation Market
- 8.6.6. Rest of Asia Pacific Process Instrumentation Market
- 8.7. Latin America Process Instrumentation Market Snapshot
- 8.7.1. Brazil Process Instrumentation Market
- 8.7.2. Mexico Process Instrumentation Market
- 8.8. Middle East & Africa Process Instrumentation Market
- 8.8.1. Saudi Arabia Process Instrumentation Market
- 8.8.2. South Africa Process Instrumentation Market
- 8.8.3. Rest of Middle East & Africa Process Instrumentation Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Honeywell International Inc.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Siemens AG
- 9.3.3. Omron Corporation
- 9.3.4. ABB Ltd.
- 9.3.5. Emerson Electric Company
- 9.3.6. Rockwell Automation Inc.
- 9.3.7. Mitsubishi Electric Corporation
- 9.3.8. Danaher Corporation
- 9.3.9. Metso Corporation
- 9.3.10. Yokogawa Electric Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption