Global Process Instrumentation Market is segmented further based on Instrument, Hazardous Area, Communication Protocols, Technology, Application, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Introduction
The Global Process Instrumentation Market is estimated to be USD 19.6 Bn in 2021 and is expected to reach USD 25.25 Bn by 2026, growing at a CAGR of 5.2 %.
Market Dynamics
Factors such as rapid adoption of automation in industrial sectors and the need for energy efficient solutions have led to a demand for process instrumentation market. Similarly, the complexities in industrial operation have led to a growing need to monitor, measure and control the process variables in real time as well as maintain standardization in processes. These factors are promoting the growth of process instrumentation market.
However, the rising cost of raw material followed by implementation costs and the paucity of skilled labor are restraining the growth of the market.
Market Segmentation
The Global Process Instrumentation Market is segmented further based on Instrument, Hazardous Area, Communication Protocols, Technology, Application, and Geography.
By Instrument, the market is classified as Field Instruments, Controller Valves, and Analytical Instruments
By Hazardous Area, the market is classified as Flow, Level, Pressure, Temperature, and Humidity.
By Communication Protocols, the market is classified as Wireless and Wired Protocols.
By Technology, the market is classified as Programmable Logic Controller (PLC), Distributed Control System, Supervisory Control and Data Acquisition (SCADA), Manufacturing Execution System (MES), Human Machine Interface, Functional Safety, and Advanced Process Control.
By Application, the market is classified as Chemicals, Water and Wastewater, Mining and Metals, Oil & Gas and Petrochemical, Healthcare & Pharmaceuticals, Agriculture and Livestock, Energy & Power Generation, and Others
By Geography, America is projected to lead the market.
Recent Developments
1. Danfoss has acquired AAIM Controls Inc in the year 2018. The company being a specialized supplier of custom-designed regulation and control automation solutions brings advantage to Danfoss for holding a strong and unique position as a systems provider within industrial refrigeration.-19th November 2018
2. Qatar Petroleum has selected Honeywell as the main instrument and control contractor for supporting the North Field East (NFE) project developed by Qatargas on behalf of Qatar Petroleum. Honeywell’s technology will provide the NFE project with streamlined automation and safety systems while reducing risks and delivering CAPEX efficiencies. – 22nd October 2020
Company Profiles
Some of the companies covered in this report are Yokogawa, Siemens, Endress+Hauser, ABB, Emerson Electric, Honeywell, Foxboro, DUON System, Fuji Electric, etc.
Countries Studied
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Process Instrumentation Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence’s Proprietary competitive positioning tool.
Report Highlights:
A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Companies Mentioned
Companies Mentioned
ABB
Badger Meter
Danaher
Danfoss
Delta Electronics
DUON
Eaton Corporation
Emerson Electric
Endress+Hauser
Foxboro
Fuji Electric Co
General Electric
Hitachi
Honeywell
Krohne
Metso
Oakton Instruments
OMEGA Engineering
Omron
Rockwell Automation
Rotronic
Schneider Electric
Siemens
WIKA Alexander Wiegand
Yokogawa Electric
- 1 Report Description
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Currency
- 1.4 Years Considered
- 1.5 Language
- 1.6 Key Stakeholders
- 2 Research Methodology
- 2.1 Research Process
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.2.3 IGR Models
- 2.3 Market Size Estimation
- 2.3.1 Bottom-Up Approach
- 2.3.2 Top-Down Approach
- 2.4 Assumptions of the Study
- 2.5 Limitations of the Study
- 3 Executive Summary
- 3.1 Introduction
- 3.2 Market Size and Segmentation
- 3.3 Market Outlook
- 4 Market Influencers
- 4.1 Drivers
- 4.1.1 Rapid Adoption of Automation and IoT in Industrial Sector
- 4.1.2 Need of Developing Energy Efficient Solutions
- 4.1.3 Growing Need to Monitor Real Time Measurement and Control of Process Variables
- 4.1.4 High Demand for Standardization of Industrial Processes
- 4.2 Restraints
- 4.2.1 High Cost of Raw Material
- 4.2.2 Higher Cost of Implementation and Maintenance of Solutions and Devices
- 4.3 Opportunities
- 4.3.1 Growing Demand of the Multi Variable Pressure Transmitter
- 4.3.2 Technological Advancements in Flowmeters
- 4.3.3 Growth in Emerging Markets
- 4.4 Challenges
- 4.4.1 Growing Cybersecurity Concerns
- 4.4.2 Slow Adoption by Small and Medium-Sized Enterprises
- 5 Market Analysis
- 5.1 Porter’s Five Forces Analysis
- 5.2 Impact of COVID-19
- 5.3 Ansoff Matrix Analysis
- 6 Global Process Instrumentation Market, By Instrument
- 6.1 Introduction
- 6.2 Field Instruments
- 6.2.1 Pressure Transmitters
- 6.2.1.1 Absolute Pressure Transmitters
- 6.2.1.2 Gauge Pressure Transmitters
- 6.2.1.3 Differential Pressure Transmitters
- 6.2.1.4 Multivariable Pressure Transmitters
- 6.2.2 Temperature Transmitters
- 6.2.3 Level Transmitters
- 6.2.3.1 Capacitive Level Transmitters
- 6.2.3.2 Ultrasonic Level Transmitters
- 6.2.3.3 Radar Level Transmitters
- 6.2.3.4 Differential Pressure/Hydrostatic
- 6.2.3.5 Magnetostrictive Level Transmitters
- 6.2.3.6 Radiometric Level Transmitters
- 6.2.3.7 Others
- 6.2.4 Humidity Transmitters
- 6.2.5 Vibration Level Switches
- 6.3 Controller Valves
- 6.3.1 Actuator
- 6.3.2 Valve Body
- 6.4 Analytical Instruments
- 6.4.1 Vibrating Density Meters
- 6.4.2 Nuclear Density Meters
- 6.4.3 Ultrasonic Density Meters
- 6.4.4 Microwave Density Meters
- 6.4.5 Optical Density Meters
- 6.4.6 Others
- 7 Global Process Instrumentation Market, By Hazardous Areas
- 7.1 Introduction
- 7.2 Flow
- 7.3 Level
- 7.4 Pressure
- 7.5 Temperature
- 7.6 Humidity
- 8 Global Process Instrumentation Market, By Communication Protocols
- 8.1 Introduction
- 8.2 Wireless Protocols
- 8.3 Wired Protocols
- 9 Global Process Instrumentation Market, By Technology
- 9.1 Introduction
- 9.2 Programmable Logic Controller (PLC)
- 9.3 Distributed Control System
- 9.4 Supervisory Control and Data Acquisition (SCADA)
- 9.5 Manufacturing Execution System (MES)
- 9.6 Human Machine Interface
- 9.7 Functional Safety
- 9.7.1 Emergency Shutdown System
- 9.7.2 Fire and Gas Monitoring & Control
- 9.7.3 High-Integrity Pressure Protection System
- 9.7.4 Burner Management System
- 9.7.5 Turbomachinery Control
- 9.8 Advanced Process Control
- 10 Global Process Instrumentation Market, By Application
- 10.1 Introduction
- 10.2 Chemicals
- 10.3 Water and Wastewater
- 10.4 Mining and Metals
- 10.5 Oil & Gas and Petrochemical
- 10.6 Healthcare and Pharmaceuticals
- 10.7 Agriculture and Livestock
- 10.8 Energy & Power Generation
- 10.9 Others
- 11 Global Smart Elevators Market, By Geography
- 11.1 Introduction
- 11.2 America
- 11.2.1 Argentina
- 11.2.2 Brazil
- 11.2.3 Canada
- 11.2.4 Chile
- 11.2.5 Colombia
- 11.2.6 Mexico
- 11.2.7 Peru
- 11.2.8 United States
- 11.2.9 Rest of Americas
- 11.3 Europe
- 11.3.1 Austria
- 11.3.2 Belgium
- 11.3.3 Denmark
- 11.3.4 Finland
- 11.3.5 France
- 11.3.6 Germany
- 11.3.7 Italy
- 11.3.8 Netherlands
- 11.3.9 Norway
- 11.3.10 Poland
- 11.3.11 Russia
- 11.3.12 Spain
- 11.3.13 Sweden
- 11.3.14 Switzerland
- 11.3.15 United Kingdom
- 11.3.16 Rest of Europe
- 11.4 Middle East and Africa
- 11.4.1 Egypt
- 11.4.2 Israel
- 11.4.3 Qatar
- 11.4.4 Saudi Arabia
- 11.4.5 South Africa
- 11.4.6 United Arab Emirates
- 11.4.7 Rest of MEA
- 11.5 Asia-Pacific
- 11.5.1 Australia
- 11.5.2 Bangladesh
- 11.5.3 China
- 11.5.4 India
- 11.5.5 Indonesia
- 11.5.6 Japan
- 11.5.7 Malaysia
- 11.5.8 Philippines
- 11.5.9 Singapore
- 11.5.10 South Korea
- 11.5.11 Sri Lanka
- 11.5.12 Thailand
- 11.5.13 Taiwan
- 11.5.14 Rest of Asia-Pacific
- 12 Competitive Landscape
- 12.1 IGR Competitive Quadrant
- 12.2 Market Share Analysis
- 12.3 Strategic Initiatives
- 12.3.1 M&A and Investments
- 12.3.2 Partnerships and Collaborations
- 12.3.3 Product Developments and Improvements
- 13 Company Profiles
- 13.1 ABB
- 13.2 Badger Meter
- 13.3 Danaher
- 13.4 Danfoss
- 13.5 Delta Electronics
- 13.6 DUON
- 13.7 Eaton Corporation
- 13.8 Emerson Electric
- 13.9 Endress+Hauser
- 13.10 Foxboro
- 13.11 Fuji Electric Co
- 13.12 General Electric
- 13.13 Hitachi
- 13.14 Honeywell
- 13.15 Krohne
- 13.16 Metso
- 13.17 Oakton Instruments
- 13.18 OMEGA Engineering
- 13.19 Omron
- 13.20 Rockwell Automation
- 13.21 Rotronic
- 13.22 Schneider Electric
- 13.23 Siemens
- 13.24 WIKA Alexander Wiegand
- 13.25 Yokogawa Electric
- 14 Appendix
- 14.1 Questionnaire
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