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Global Process Instrumentation Market to reach USD XX billion by the end of 2030

Global Process Instrumentation Market Size study & Forecast, by Instrument (Transmitter, Control Valve), by Technology (Programmable Logic Controller, Distributed Control System, Supervisory Control and Data Acquisition, Manufacturing Execution System), by End-user (Water and Wastewater Treatment, Chemical Manufacturing, Energy & Utilities, Oil and Gas Extraction, Metals and Mining, Other Process Industries) and Regional Analysis, 2023-2030

Product Code: OIRIA-60241279
Publish Date: 20-10-2023
Page: 200

Global Process Instrumentation Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. 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:
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Instrument, Technology, End-user, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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:
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:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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 Increasing government initiatives in wastewater treatment Growing demand for sustainable energy
3.1.2. Market Challenges High Cost of Process Instrumentation Cybersecurity Concerns
3.1.3. Market Opportunities Increase in demand from process industry 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 Instrument breakdown estimates & forecasts, 2020-2030 Technology breakdown estimates & forecasts, 2020-2030 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. Key Information Overview Financial (Subject to Data Availability) Product Summary 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

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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