Reports
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States
Americas
Future Market Insights, Inc.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States
MEA
Future Market Insights
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom
Asia Pacific
Future Market Insights
IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India
The process instrumentation market is capturing a valuation of US$ 18.46 billion in 2023 and is predicted to reach US$ 37.34 billion by 2033. The market is registering a CAGR of 7.3% during the forecast period.
Growing Industrial Automation is Driving the Global Market
The market has been influenced by several factors, including:
Lack of Skilled Workforce and Complexity Integration Decline the Market Growth
Several restraining factors may limit the global market growth, which includes:
Attributes | Details |
---|---|
Market CAGR (2023 to 2033) | 7.3% |
Market Valuation (2023) | US$ 18.46 billion |
Market Valuation (2033) | US$ 37.34 billion |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The market was valued at US$ 12.98 billion in 2018 and estimated at US$ 17.20 billion in 2022. The global market experienced better growth by increasing demand for industrial automation, operational efficiency, and technological advancements. The rising economies, industrial trends, and improve productivity upsurge the market between 2018 and 2022.
End-use industries such as chemicals, pharmaceuticals, water/wastewater treatment, oil & gas, and power have driven the global market in recent years. The increasing adoption of advanced technology such as wireless communication, remote control, and the Internet of Things are booming the global market size.
Process Instrumentation Market:
Attributes | Process Instrumentation Market |
---|---|
CAGR (2023 to 2033) | 7.3% |
Value (2023) | US$ 18.46 billion |
Value (2033) | US$ 37.34 billion |
Trends | Increasing industrial automation, technological advancements, and a focus on product quality are fueling the global market. |
Opportunities | Increasing government regulations to control environmental impacts, innovating products, and growing the automotive industry. |
Process Automation and Instrumentation Market:
Attributes | Process Automation and Instrumentation Market |
---|---|
CAGR (2023 to 2033) | 5% |
Value (2023) | US$ 65.42 billion |
Value (2033) | US$ 106.56 billion |
Trends | Increasing demand for efficiency, reduce costs, better scalability, and advanced technologies are driving the global market. |
Opportunities | Rising industry 4.0, improving efficiency, growing research and development activities, and growing automotive sector. |
Process Instrumentation Equipment Market:
Attributes | Process Instrumentation Equipment Market |
---|---|
CAGR (2023 to 2033) | 3.5% |
Value (2023) | US$ 21.02 billion |
Value (2033) | US$ 29.65 billion |
Trends | Growing awareness about sustainability, increasing industrial activities, and improving water quality are driving the market growth. |
Opportunities | Increasing innovations, newly launched products, advanced technologies, and government initiatives. |
Control Valve Segment Leading the Global Market
Control valves hold a maximum CAGR of 7.2% in the global market during the forecast period based on the type of instruments. The demand for control valves is significantly growing to be widely used to control flow, temperature, level, and pressure in several industrial processes. The end-user industries are increasingly adopting control valves due to rising demand for quick response, reliability, and accurate control in process automation.
Control valves are essential in several industrial processes, including chemical, power, pharmaceuticals, and oil & gas. Adopting smart and digital control valves for improved safety and efficiency fuels the global market. The control valve secured a CAGR of 8% between 2018 and 2022.
Oil & Gas Sector is Highly Sought-after in the Global Market
Based on end use, the oil & gas sector is leading the global market by capturing a CAGR of 7.1% in the global market during the forecast period. The increasing demand for controlling and monitoring several parameters is driving the oil & gas segment in the global market. Adopting process instrumentation to provide safety, accuracy, reliability, and product efficiency fuels the global market.
The adoption of process instrumentation in the oil & gas sector operates and detects critical processes, minimizes risks, and maintains efficiency. Increasing concerns about environmental impacts, cost reduction, and safety regulations are advancing the global market. The oil & gas sector captured a CAGR of 7.8% in the global market between 2018 and 2022.
Country | The United States |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 10.7 billion |
CAGR % 2023 to End of Forecast (2033) | 6.1% |
CAGR % 2017 to 2022 | 6.7% |
The United States is estimated to secure a CAGR of 6.1% with a valuation of US$ 10.7 billion during the forecast period. Several factors propel the United States process instrumentation market, which includes
These are a few driving factors that upsurge the United States in the global market. The rising newly launched products, innovations, and technologies are driving the United States market in the coming years.
Country | The United Kingdom |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 1.8 billion |
CAGR % 2023 to End of Forecast (2033) | 6.4% |
CAGR % 2017 to 2022 | 7% |
The United Kingdom is anticipated to secure a CAGR of 6.4% with a valuation of US$ 1.8 billion during the forecast period. The performance of the country is influenced by several aspects such as:
Country | Japan |
---|---|
Market Size (US$ billion) by End of Forecast Period (2033) | US$ 2.5 billion |
CAGR % 2023 to End of Forecast (2033) | 6.7% |
CAGR % 2017 to 2022 | 7.4% |
Japan is one of the significant countries in the global market, capturing a relevant CAGR of 6.7% with a valuation of US$ 2.5 billion by 2033. Japan's market is driven by various essential factors, which include:
These are a few factors that increase the demand for process instrumentation to upsurge the market in the country. Japan is estimated to capture a CAGR of 7.4% in the global market between 2018 and 2022.
Manufacturers adopt various strategies to expand the global market are:
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The market is highly fragmented by the present leading players who play an essential role in surging the global market. These players highly invest in research activities to develop innovative and improved products. The prominent players are adopting various marketing methodologies to uplift the global market to another level. These marketing tactics are mergers, acquisitions, collaborations, product launches, partnerships, and agreements.
Recent Developments in the Global Market
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ billion for Value |
Key Countries Covered | The United States, The United Kingdom, Japan, India, China, Australia, Germany |
Key Segments Covered |
|
Key Companies Profiled |
|
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The process instrumentation market CAGR for 2033 is expected to be 7.3%.
The market is estimated to reach US$ 37.34 billion by 2033.
ABB, Emerson, and Honeywell are key market players.
The market is estimated to secure a valuation of US$ 18.46 billion in 2023.
The increasing adoption of digital technologies to improve efficiency and safety.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type of Instrument 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type of Instrument, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type of Instrument, 2022 to 2032 5.3.1. Control Valves 5.3.2. Flow 5.3.3. Temperature 5.3.4. Level 5.3.5. Pressure 5.4. Y-o-Y Growth Trend Analysis By Type of Instrument, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Type of Instrument, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032 6.3.1. Oil and Gas 6.3.2. Petroleum 6.3.3. Power Generation 6.3.4. Agriculture 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Type of Instrument 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Type of Instrument 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Type of Instrument 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type of Instrument 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Type of Instrument 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type of Instrument 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Type of Instrument 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type of Instrument 11.3.3. By Application 11.4. Key Takeaways 12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Type of Instrument 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type of Instrument 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Type of Instrument 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Type of Instrument 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Type of Instrument 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Type of Instrument 13.4.2.2. By Application 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Type of Instrument 13.5.2.2. By Application 13.6. U.K. 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Type of Instrument 13.6.2.2. By Application 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Type of Instrument 13.7.2.2. By Application 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Type of Instrument 13.8.2.2. By Application 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Type of Instrument 13.9.2.2. By Application 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Type of Instrument 13.10.2.2. By Application 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Type of Instrument 13.11.2.2. By Application 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Type of Instrument 13.12.2.2. By Application 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Type of Instrument 13.13.2.2. By Application 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Type of Instrument 13.14.2.2. By Application 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Type of Instrument 13.15.2.2. By Application 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Type of Instrument 13.16.2.2. By Application 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Type of Instrument 13.17.2.2. By Application 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Type of Instrument 13.18.2.2. By Application 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Type of Instrument 13.19.2.2. By Application 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2021 13.20.2.1. By Type of Instrument 13.20.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Type of Instrument 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. ABB Ltd. 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Emerson Electric Co. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Siemens 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. General Electric Company 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Schneider Electric 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Honeywell International Inc. 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. Endress+Hauser Group. 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. FUJI ELECTRIC CO., LTD. 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. YOKOGAWA ELECTRIC CORPORATION 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. HK INSTRUMENTS 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 15.1.11. BADGER METER, INC. 15.1.11.1. Overview 15.1.11.2. Product Portfolio 15.1.11.3. Profitability by Market Segments 15.1.11.4. Sales Footprint 15.1.11.5. Strategy Overview 15.1.11.5.1. Marketing Strategy 15.1.11.5.2. Product Strategy 15.1.11.5.3. Channel Strategy 15.1.12. KROHNE GROUP 15.1.12.1. Overview 15.1.12.2. Product Portfolio 15.1.12.3. Profitability by Market Segments 15.1.12.4. Sales Footprint 15.1.12.5. Strategy Overview 15.1.12.5.1. Marketing Strategy 15.1.12.5.2. Product Strategy 15.1.12.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
Recommendations
Explore Industrial Automation Insights
View Reports