According to Verified Market Intelligence, The Global Process Instrumentation Market was valued at USD 16.15 billion in 2017 and is projected to reach USD 20.63 billion by 2025, growing at a CAGR of 3.02% from 2018 to 2025.
What is Process Instrumentation?
Process Instrumentation shows the real time measurement of control process variables. These variables range from temperature and pH to flow, pressure and humidity. The instrumentation process offers single-source measurement solutions that enable the increase of efficiency as well as the enhancement of product quality. Process Instrumentation is valuable as it often allows for the real time evaluation and control of these variables.
Global Process Instrumentation Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as the facilitation of process instrumentation services in the overall increase in efficiency of services as well as the overall enhancement of the quality of services are driving the global process instrumentation market. Factors such as the cost of implementation as well as the time it takes for the initial implementation are restraining the market.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Process Instrumentation Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Process Instrumentation Market Competitive Landscape
The “Global Process Instrumentation Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Endress+Hauser, ABB ltd, Emerson Process Management, KROHNE, BADGER METER, Yokogawa, Siemens AG, HK Instruments, OJ Electronics, S+S Regaltechnick, DUON System, Fuji electric, GE Measurement Control, Honeywell and FOXBORO (INVENSYS). Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Process Instrumentation Market , By Type of Instruments
• Global Process Instrumentation market, by Communication protocols
o PROFIBUS PA
o Foundation Fieldbus
o Wireless HART
Global Process Instrumentation Market , By Type Of Application
• Water and Waste Water
• Mining and Metals
• Oil & Gas and petrochemical
• Controlled Environments and Pharmaceuticals
• Agriculture and Livestock
• Power Generation
Global Process Instrumentation Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Research Methodology of Verified Market Intelligence:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team.
1.1 Overview of the Market
1.2 Scope of Report
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL PROCESS INSTRUMENTATION MARKET OUTLOOK
4.2 Market Dynamics
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL PROCESS INSTRUMENTATION MARKET , BY TYPE OF INSTRUMENTS
5.7 Global Process Instrumentation market, by Communication protocols
5.7.1 Profibus PA
5.7.2 Foundation Fieldbus
5.7.4 Wireless HART
6 GLOBAL PROCESS INSTRUMENTATION MARKET , BY TYPE OF APPLICATION
6.2 Water and Waste Water
6.3 Mining and Metals
6.4 Oil & Gas and petrochemical
6.5 Controlled Environments and Pharmaceuticals
6.6 Agriculture and Livestock
6.7 Power Generation
7 GLOBAL PROCESS INSTRUMENTATION MARKET, BY GEOGRAPHY
7.2 North America
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.4 Rest of Asia Pacific
7.5 Latin America
7.6 Rest of the World
8 GLOBAL PROCESS INSTRUMENTATION MARKETCOMPETITIVE LANDSCAPE
8.2 Company Market Share
8.3 Vendor Landscape
8.4 Key Development Strategies
9 COMPANY PROFILES
9.2 ABB ltd
9.3 Emerson Process Management
9.5 BADGER METER
9.7 Siemens AG
9.8 HK Instruments
9.9 OJ Electronics
9.10 S+S Regaltechnick
9.11 DUON System
9.12 Fuji electric
9.13 GE Measurement Control
9.15 FOXBORO (INVENSYS)
10.1 Related Reports
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.