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Process Instrumentation Market (2023 to 2033)

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:

  • Rising Industrial Automation: The increasing automation trends in several industries, including pharmaceuticals, chemicals, oil & gas, and power, fuel the global market. Process instrumentation is key in monitoring and controlling processes and ensuring safety in these industries.
  • Stringent Regulations and Standards: Government implements stringent regulations to ensure worker safety and reduce carbon emissions and product quality. This instrumentation can monitor critical parameters, including pressure, level, temperature, and flow.
  • Technological Advancements: Growing advanced technologies in process instrumentation, such as sensors, data analytics, and wireless technologies, are advancing the global market. These technologies enable remote control, and real-time monitoring, enhance operational efficiency, and reduce time.
  • Increasing Demand for Energy: The adoption of process instrumentation is rising due to the growing demand for sustainable energy. It helps to consume and optimize energy, operational efficiency, and reduce waste.
  • Improve Product Quality and Productivity: Manufacturers are focused on developing better product quality to stay ahead of competitors. Instrumentation, high product quality, and enhanced productivity are expanding the global market further.
  • Improve Safety and Environmental Impact: Environmental consideration and safety are the prior things in industrial operations. The demand for process instrumentation prevents toxic situations such as emissions and abnormal conditions and reduces environmental impact.
  • Rising Demand for Wastewater Treatment: The increasing population, industrialization, and enhanced effective water treatments drive the global market. It monitors and measures wastewater treatment plants to improve the standard of water quality.

Lack of Skilled Workforce and Complexity Integration Decline the Market Growth

Several restraining factors may limit the global market growth, which includes:

  • High Initial Investments: The increasing installation, instruments, and integration costs may limit the global market. Due to high investments, small businesses are declining the demand for process instrumentation.
  • Complex Integration: Integrating this instrumentation is a time-consuming and complex process. This process required skilled professionals and experts to communicate interfaces. Due to a lack of complexity and accuracy, it may decline the global market.
  • Cybersecurity Risks: The rising unauthorized access, spam, data breaches, and other security threats may decline the global market. Maintaining cybersecurity faces challenges that may restrain the global market.
Attributes Details
Market CAGR (2023 to 2033) 7.3%
Market Valuation (2023) US$ 18.46 billion
Market Valuation (2033) US$ 37.34 billion

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Process Instrumentation Market, 2018 to 2022 Historical Sales, Compared to 2023 to 2033 Future Outlook

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.

Comparative Analysis of the Adjacent Markets

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.
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Top Segments in the Global Market

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.

The Top Countries Driving the Global Market are

Rising Industrial Automation Upsurges the United States Market

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

  • Industrial Automation: Increasing adoption of process instrumentation in several end-use sectors such as chemical, oil & gas, and pharmaceuticals are fueling the market in the country. Automation improves productivity, efficiency, and operational costs in these industries.
  • Government Regulations: The United States government agencies such as Occupational Safety and Health Administration imposed rules and regulations. The government provides efficient, accurate, and reliable monitoring of process instrumentation.
  • Growing Industry 4.0: The manufacturers in the United States are focusing on promoting instrumentation devices and smart sensors. They are integrated seamless solutions integrated with digital systems.
  • Energy Efficiency and Sustainability: The United States focuses on sustainability to reduce environmental impacts and carbon emissions. Process instrumentation plays a key role in enhancing sustainability and optimizing energy in the country's industrial operations.

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.

How is the United Kingdom Performing in the Global Market?

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:

  • Industrial Growth: The significantly growing industrial sectors, huge investments, and increasing demand for process instrumentation fuel the United Kingdom market.
  • Economic Factors: The rising economic conditions of the country, growing GDP, industrial output, and business investment are fueling the United Kingdom market. The rising economy stimulates investments and industrial activities, and their infrastructure is increasing the adoption of process instrumentation.
  • Digital Transformation: The rising initiative toward digital transformation is uplifting the United Kingdom's market growth. The adoption of the Internet of Things, smart sensors, communication connectivity, and real-time monitoring are increasing the demand for process instrumentation for better decision-making.
  • Infrastructure Development: The growing infrastructure projects, including transportation, oil & gas, power plants, and others, positively impact the United Kingdom market. The rising investments by key players and regulatory bodies and improved sustainability are surging the market in the country.

How is Japan Driving the Global Market?

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:

  • Rising Manufacturing Sector: Japan has huge manufacturing industries such as chemicals, automotive, pharmaceutical, and others. These industries are increasingly adopting process instrumentation for operational efficiency, quality control, and optimization.
  • Regulatory Compliance: Japan imposed stringent regulations to improve product quality standards and protect the environment and workers' safety. These regulations are implemented for reliable and safe process instrumentation in the country. Companies in Japan are investing in advanced process instrumentation to ensure safety.
  • Research and Development: Growing research and development activities through various organizations such as universities, research institutions, and government bodies drive Japan's market. These companies are contributing a prominent role in expanding Japan market.
  • International Influence: The essential companies in Japan are manufacturing high-quality, advanced technology products to drive the market size. They are developing products as per their expertise to attract consumers.

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.

How can Manufacturers Expand the Global Market?

Manufacturers adopt various strategies to expand the global market are:

  • Product Innovations: Manufacturers adopt advanced technologies to build advanced instrumentation solutions for several end-use industries. The manufacturers attract their consumers by innovating smooth functional, reliable, and accurate products. These manufacturers added wireless, remote, and integrated systems to expand the global market.
  • Geographic Expansion: The manufacturers expand the global market by reaching new customers in different regions. They are enhancing their reach with the help of distribution networks such as online distributors, regional retailers, and social media campaigns.
  • Marketing and Promotions: The manufacturers target their relevant customers by marketing and promoting at trade shows, conferences, and other platforms.
  • Education and Training: Manufacturers educate their consumers through seminars, training programs, webinars, and other platforms. They enhance their customer's knowledge about the product to build transparency and trust. It is projected to expand the global market.

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Competitive Landscape

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.

Other Essential Players Working in the Global Market

  • Siemens AG
  • Yokogawa Electric Corporation
  • Emerson Electric Co.
  • ABB Ltd
  • General Electric SE
  • Honeywell International Inc
  • Rockwell Automation Inc
  • Danaher Corporation
  • Brooks Instrument LLC
  • Fuji Electric Co, Ltd
  • Vega Grieshaber KG
  • WIKA Alexander Wiegand SE & Co. KG
  • Azbil Corporation
  • Krohne Messtechnik GmbH
  • Badger Meter, Inc

Recent Developments in the Global Market

  • In 2021, Emerson Electric Co announced its newly launched wireless temperature measurement solution Rosemount X-well.
  • In 2021, Siemens AG launched its new product SITRANS CloudConnect 240, for data analysis and remote monitoring for process industries.
  • In 2021, ABB Ltd announced its new product, the Condition Monitoring device for measurement. It is a cloud-based, real-time monitoring system.

Scope of Report

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
  • Types of Instruments
  • Application
  • Region
Key Companies Profiled
  • Siemens AG
  • Yokogawa Electric Corporation
  • Emerson Electric Co.
  • ABB Ltd
  • General Electric SE
  • Honeywell International Inc
  • Rockwell Automation Inc
  • Danaher Corporation
  • Brooks Instrument LLC
  • Fuji Electric Co, Ltd
  • Vega Grieshaber KG
  • WIKA Alexander Wiegand SE & Co. KG
  • Azbil Corporation
  • Krohne Messtechnik GmbH
  • Badger Meter, Inc
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request

Process Instrumentation Market by Category

By Type of Instruments:

  • Control Valve
  • Temperature
  • Level
  • Flow
  • Pressure

By Application:

  • Oil & Gas
  • Chemical
  • Agriculture
  • Petroleum
  • Power Generation
  • Others

By Region:

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East Africa

Frequently Asked Questions

What is the Process Instrumentation Market CAGR for 2033?

The process instrumentation market CAGR for 2033 is expected to be 7.3%.

How Big will the Process Instrumentation Market by 2033?

The market is estimated to reach US$ 37.34 billion by 2033.

Who are the Key Process Instrumentation Market Players?

ABB, Emerson, and Honeywell are key market players.

What is the Current Market Valuation of the Process Instrumentation Market?

The market is estimated to secure a valuation of US$ 18.46 billion in 2023.

What are the Current Trends in the Process Instrumentation Market?

The increasing adoption of digital technologies to improve efficiency and safety.

Table of Content

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

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032

Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032

Table 3: Global Market Value (US$ Million) Forecast by Type of Instrument, 2017 to 2032

Table 4: Global Market Volume (Units) Forecast by Type of Instrument, 2017 to 2032

Table 5: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032

Table 6: Global Market Volume (Units) Forecast by Application, 2017 to 2032

Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 8: North America Market Volume (Units) Forecast by Country, 2017 to 2032

Table 9: North America Market Value (US$ Million) Forecast by Type of Instrument, 2017 to 2032

Table 10: North America Market Volume (Units) Forecast by Type of Instrument, 2017 to 2032

Table 11: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032

Table 12: North America Market Volume (Units) Forecast by Application, 2017 to 2032

Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 14: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032

Table 15: Latin America Market Value (US$ Million) Forecast by Type of Instrument, 2017 to 2032

Table 16: Latin America Market Volume (Units) Forecast by Type of Instrument, 2017 to 2032

Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032

Table 18: Latin America Market Volume (Units) Forecast by Application, 2017 to 2032

Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 20: Europe Market Volume (Units) Forecast by Country, 2017 to 2032

Table 21: Europe Market Value (US$ Million) Forecast by Type of Instrument, 2017 to 2032

Table 22: Europe Market Volume (Units) Forecast by Type of Instrument, 2017 to 2032

Table 23: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032

Table 24: Europe Market Volume (Units) Forecast by Application, 2017 to 2032

Table 25: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 26: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032

Table 27: Asia Pacific Market Value (US$ Million) Forecast by Type of Instrument, 2017 to 2032

Table 28: Asia Pacific Market Volume (Units) Forecast by Type of Instrument, 2017 to 2032

Table 29: Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2032

Table 30: Asia Pacific Market Volume (Units) Forecast by Application, 2017 to 2032

Table 31: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032

Table 32: MEA Market Volume (Units) Forecast by Country, 2017 to 2032

Table 33: MEA Market Value (US$ Million) Forecast by Type of Instrument, 2017 to 2032

Table 34: MEA Market Volume (Units) Forecast by Type of Instrument, 2017 to 2032

Table 35: MEA Market Value (US$ Million) Forecast by Application, 2017 to 2032

Table 36: MEA Market Volume (Units) Forecast by Application, 2017 to 2032

List of Charts

Figure 1: Global Market Value (US$ Million) by Type of Instrument, 2022 to 2032

Figure 2: Global Market Value (US$ Million) by Application, 2022 to 2032

Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032

Figure 5: Global Market Volume (Units) Analysis by Region, 2017 to 2032

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032

Figure 8: Global Market Value (US$ Million) Analysis by Type of Instrument, 2017 to 2032

Figure 9: Global Market Volume (Units) Analysis by Type of Instrument, 2017 to 2032

Figure 10: Global Market Value Share (%) and BPS Analysis by Type of Instrument, 2022 to 2032

Figure 11: Global Market Y-o-Y Growth (%) Projections by Type of Instrument, 2022 to 2032

Figure 12: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032

Figure 13: Global Market Volume (Units) Analysis by Application, 2017 to 2032

Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032

Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032

Figure 16: Global Market Attractiveness by Type of Instrument, 2022 to 2032

Figure 17: Global Market Attractiveness by Application, 2022 to 2032

Figure 18: Global Market Attractiveness by Region, 2022 to 2032

Figure 19: North America Market Value (US$ Million) by Type of Instrument, 2022 to 2032

Figure 20: North America Market Value (US$ Million) by Application, 2022 to 2032

Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032

Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 23: North America Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 26: North America Market Value (US$ Million) Analysis by Type of Instrument, 2017 to 2032

Figure 27: North America Market Volume (Units) Analysis by Type of Instrument, 2017 to 2032

Figure 28: North America Market Value Share (%) and BPS Analysis by Type of Instrument, 2022 to 2032

Figure 29: North America Market Y-o-Y Growth (%) Projections by Type of Instrument, 2022 to 2032

Figure 30: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032

Figure 31: North America Market Volume (Units) Analysis by Application, 2017 to 2032

Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032

Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032

Figure 34: North America Market Attractiveness by Type of Instrument, 2022 to 2032

Figure 35: North America Market Attractiveness by Application, 2022 to 2032

Figure 36: North America Market Attractiveness by Country, 2022 to 2032

Figure 37: Latin America Market Value (US$ Million) by Type of Instrument, 2022 to 2032

Figure 38: Latin America Market Value (US$ Million) by Application, 2022 to 2032

Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032

Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 41: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 44: Latin America Market Value (US$ Million) Analysis by Type of Instrument, 2017 to 2032

Figure 45: Latin America Market Volume (Units) Analysis by Type of Instrument, 2017 to 2032

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Type of Instrument, 2022 to 2032

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Type of Instrument, 2022 to 2032

Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032

Figure 49: Latin America Market Volume (Units) Analysis by Application, 2017 to 2032

Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032

Figure 52: Latin America Market Attractiveness by Type of Instrument, 2022 to 2032

Figure 53: Latin America Market Attractiveness by Application, 2022 to 2032

Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032

Figure 55: Europe Market Value (US$ Million) by Type of Instrument, 2022 to 2032

Figure 56: Europe Market Value (US$ Million) by Application, 2022 to 2032

Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032

Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 59: Europe Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 62: Europe Market Value (US$ Million) Analysis by Type of Instrument, 2017 to 2032

Figure 63: Europe Market Volume (Units) Analysis by Type of Instrument, 2017 to 2032

Figure 64: Europe Market Value Share (%) and BPS Analysis by Type of Instrument, 2022 to 2032

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Type of Instrument, 2022 to 2032

Figure 66: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032

Figure 67: Europe Market Volume (Units) Analysis by Application, 2017 to 2032

Figure 68: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032

Figure 69: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032

Figure 70: Europe Market Attractiveness by Type of Instrument, 2022 to 2032

Figure 71: Europe Market Attractiveness by Application, 2022 to 2032

Figure 72: Europe Market Attractiveness by Country, 2022 to 2032

Figure 73: Asia Pacific Market Value (US$ Million) by Type of Instrument, 2022 to 2032

Figure 74: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032

Figure 75: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032

Figure 76: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 77: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 78: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 79: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 80: Asia Pacific Market Value (US$ Million) Analysis by Type of Instrument, 2017 to 2032

Figure 81: Asia Pacific Market Volume (Units) Analysis by Type of Instrument, 2017 to 2032

Figure 82: Asia Pacific Market Value Share (%) and BPS Analysis by Type of Instrument, 2022 to 2032

Figure 83: Asia Pacific Market Y-o-Y Growth (%) Projections by Type of Instrument, 2022 to 2032

Figure 84: Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2032

Figure 85: Asia Pacific Market Volume (Units) Analysis by Application, 2017 to 2032

Figure 86: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032

Figure 87: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032

Figure 88: Asia Pacific Market Attractiveness by Type of Instrument, 2022 to 2032

Figure 89: Asia Pacific Market Attractiveness by Application, 2022 to 2032

Figure 90: Asia Pacific Market Attractiveness by Country, 2022 to 2032

Figure 91: MEA Market Value (US$ Million) by Type of Instrument, 2022 to 2032

Figure 92: MEA Market Value (US$ Million) by Application, 2022 to 2032

Figure 93: MEA Market Value (US$ Million) by Country, 2022 to 2032

Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032

Figure 95: MEA Market Volume (Units) Analysis by Country, 2017 to 2032

Figure 96: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 97: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 98: MEA Market Value (US$ Million) Analysis by Type of Instrument, 2017 to 2032

Figure 99: MEA Market Volume (Units) Analysis by Type of Instrument, 2017 to 2032

Figure 100: MEA Market Value Share (%) and BPS Analysis by Type of Instrument, 2022 to 2032

Figure 101: MEA Market Y-o-Y Growth (%) Projections by Type of Instrument, 2022 to 2032

Figure 102: MEA Market Value (US$ Million) Analysis by Application, 2017 to 2032

Figure 103: MEA Market Volume (Units) Analysis by Application, 2017 to 2032

Figure 104: MEA Market Value Share (%) and BPS Analysis by Application, 2022 to 2032

Figure 105: MEA Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032

Figure 106: MEA Market Attractiveness by Type of Instrument, 2022 to 2032

Figure 107: MEA Market Attractiveness by Application, 2022 to 2032

Figure 108: MEA Market Attractiveness by Country, 2022 to 2032

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