How big is the Process Instrumentation Market?

The Process Instrumentation Market size is expected to reach USD 18.46 billion in 2024 and grow at a CAGR of 3.35% to reach USD 21.76 billion by 2029. Read More

What is the current Process Instrumentation Market size?

In 2024, the Process Instrumentation Market size is expected to reach USD 18.46 billion. Read More

Who are the key players in Process Instrumentation Market?

Honeywell International Inc., Siemens AG, Omron Corporation, ABB Limited and Emerson Electric Co. are the major companies operating in the Process Instrumentation Market. Read More

Which is the fastest growing region in Process Instrumentation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Process Instrumentation Market?

In 2024, the North America accounts for the largest market share in Process Instrumentation Market. Read More

What years does this Process Instrumentation Market cover, and what was the market size in 2023?

In 2023, the Process Instrumentation Market size was estimated at USD 17.86 billion. The report covers the Process Instrumentation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Process Instrumentation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Process Instrumentation Market - Size, Share & Industry Analysis

Process Instrumentation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Process Instrumentation Market Companies and is segmented by Instrument (Transmitter and Control Valve), Technology (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA) and Manufacturing Execution System (MES)), End-User (Water and Wastewater Treatment, Oil and Gas Extraction, and Chemical Manufacturing), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Process Instrumentation Industry Overview

The process instrumentation market is moderately fragmented, with the presence of both global and regional players such as Honeywell International Inc., Siemens AG, Omron Corporation, ABB Limited, and Emerson Electric Co., among others. These key players are adopting various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in the market.

In November 2022, Equilibar launched a dedicated Single Use Technology Branch to address the pharmaceutical industry's ever-changing fluid management requirements. The SDO valves are Equilibar's first single-usage fluid control device, which precisely regulates back pressures and flow. "The SDO is the unique wetted per-use valve in the pharmaceutical production area," claims the company. In September 2022, OleumTech, a leading developer of industrial technology and Internet of Things (IoT) solutions, added a Smart Differential Pressure (DP) Transmitter to its rapidly expanding H Series range of hardwired processes instrumentation. The innovative DP Transmitter provides the superior performance, dependability, and precision required by industrial industries such as petrochemical, upstream oil and gas, electricity, chemical, and wastewater. In July 2022, Emerson introduced the TESCOM Anderson Greenwood Instrumentation H2 Valve Range for hydrogen operations with pressures up to 15,000 psi (103.4 MPa). The innovative technology reliably separates process pressures in high-pressure gas operations, including hydrogen filling facilities and tube trailers, lowering fugitive pollutants and increasing safety.