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Global Process Instrumentation Industry Report: By Application; Country Overview; Value Chain Analysis; Production Process; Price Analysis; Trade Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Pricing Model; Key Supplier Analysis, 2022-2027

Process Instrumentation Industry Report by Regional Category Spend, Price Analysis, Key Demand, Price Indicators, and Best Buying Practices


The global process instrumentation market reached a value of about USD 38 billion in 2021. The industry is projected to grow at a CAGR of around 5.4% in the forecast period of 2022-2027 to reach a value of USD 52 billion by 2027.

The process instrumentation industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The process instrumentation companies use equipment that provides a variety of advantages such as enhancement in the quality of the commodities, lowering the emission, lessening the errors caused by humans, and saving costs. The key demand indicator in the industry report is the highest category spender by region — North America.

Industry Definition and Segmentation

Various applications utilised including industrial production facilities and water and wastewater processing to evaluate numerous variables like pressure, flow, pH, level, conductivity, temperature, turbidity, force, speed, humidity, and other treatments in plants refers to process instrumentation. It is an important segment of any process industry as it permits real-time measurement and constructive management of process variables. The treatment plants can function productively, safely, and cost-effectively through the alarm signals incorporation with the help of efficient instrumentation. The global process instrumentation industry report comprises segments based on application (Field Instrumentation, Control Valves, Analytical Instruments), end-use (Utilities, Chemicals, Refining, Pharma, W&WW, Food & Beverage, Cement, Metals, Pulp & Paper, Oil & Gas, and Mining & Minerals) and regions (Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa).

The North American Region is Driving the Growth of the Industry

Globally North America is reported to be holding the largest market share, followed by the Asia Pacific. The region is anticipated to grow further owing to the advancements in the generation-next technologies in the United States and Canada. There has been consistent and huge investment in new plants and equipment for the automation of plants in the chemicals and petrochemicals industry in the United States. Furthermore, in North America, a majority of manufacturers in the chemical industry utilise natural gas and ethane, which is a natural gas liquid obtained from shale gas as a raw material hence the demand for process instrumentation is relatively higher.

The role of process instrumentation services in the overall rise of competence of services and the complete improvement of the value of services are propelling the worldwide process instrumentation market. Moreover, the need for organisations to modernise and update their current systems and procedures, lessening operating costs, and enhance decision-making in industries like oil and gas, chemicals and petrochemicals, power, and water and wastewater. Therefore, raising employing of process instrumentation throughout industries and enterprises is considerably influencing the expanded development of the global market.

However, aspects such as the cost of execution and the time it requires for the initial application are constraining the market growth.

Best Procurement Practices

The global process instrumentation industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by process instrumentation providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.

Category Management Studies

All expenditure linked with the operation of the plant, including operating labour, engineering, and maintenance comes beneath operating expenditure. Additionally, financing the procurement, design, and construction of the most important assets falls under capital expenditure. Process manufacturing capacity of any size and density normally needs thousands of the ground instruments like actuators, valves, and other devices. Therefore, investment for the purchasing of process instrumentation represents capital expenditure.

Water and Wastewater Processing is anticipated to Further Drive the Process Instrumentation Market

The present concerns regarding water availability and sustainability are extensively credited to the massive growth in demand for the process instrumentation services. Instrumentation is largely used and has become progressively crucial in the water industry since it is utilised for both monitoring and controlling the processes. Moreover, with the introduction of the smart water industry, the utilisation of instrumentation and data-based control systems make substantial productivity in both water and wastewater techniques. Furthermore, various organisations are implementing process instrumentation to provide efficiencies in less costly services because of the population growth, change in the climate, and rising quality demands of the natural environment as opposed to stress to bring down the carbon emissions. Additionally, the US Environmental Protection Agency (EPA) is increasingly investing in water infrastructure projects which will probably drive the growth of the process instrumentation market.

The key zones in the industry are Europe, North America, Latin America, the Asia Pacific, and the Middle East, and Africa.

Key Industry Players Mentioned in the Process Instrumentation Industry Report

  • Schneider Electric SE
  • Rockwell Automation, Inc.
  • Emerson Electric Co.
  • Siemens AG
  • ABB Ltd.

Market Landscape

The process instrumentation market is fairly divided. The prominent players in the market utilises several approaches and tactics such as launching new products, augmenting, collaborations, agreements, business alliances, and asset purchases, among others to expand their impressions in the market. In addition, enduring agreements with corporate partners are expected to raise the revenue and innovative strategies are the major drivers that would help the process instrumentation vendors to reach new heights in the market.

Key Initiatives by Companies

  • In September 2019, Siemens and Grundfos endorsed a digital collaboration structure for their tactical teamwork between the two businesses. This new joint venture would help in focussing on the corresponding products and solutions offered by both the companies in the three important fields: water and wastewater purposes, industrial automation, and building technology.

1.    Executive Summary
2.    Process Instrumentation and Measurement Industry Snapshot

    2.1.    Process Instrumentation and Measurement Market Outlook
    2.2.    Process Instrumentation and Measurement Industry Analysis by Application
        2.2.1.    Field Instrumentation
        2.2.2.    Control Valves
        2.2.3.    Analytical Instruments
    2.3.    Process Instrumentation and Measurement Industry Analysis by End-Use
        2.3.1.    Utilities
        2.3.2.    Chemicals
        2.3.3.    Refining
        2.3.4.    Pharma
        2.3.5.    W&WW
        2.3.6.    Food & Beverage
        2.3.7.    Cement
        2.3.8.    Metals
        2.3.9.    Pulp & Paper
        2.3.10.    Oil & Gas
        2.3.11.    Mining & Minerals
    2.4.    Regional Overview
        2.4.1.    North America
        2.4.2.    Europe
        2.4.3.    Asia Pacific 
        2.4.4.    Latin America
        2.4.5.    Middle East & Africa
3.    Impact of Recent Events 
4.    Process Instrumentation and Measurement Value Chain Analysis 
5.    Process Instrumentation and Measurement Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Process Instrumentation and Measurement Cost Structure
9.    Process Instrumentation and Measurement Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Process Instrumentation and Measurement Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Industry Best Practices
    13.1.    Sourcing Strategy
    13.2.    Procurement Model
    13.3.    Contract Structure
    13.4.    Negotiation Levers
    13.5.    Pricing Model
    13.6.    Key Factors Influencing the Quotation 
14.    Key Supplier Analysis
    14.1.    Schneider Electric SE
    14.2.    Rockwell Automation,Inc.
    14.3.    Emerson Electric Co.
    14.4.    Siemens AG
    14.5.    ABB Ltd.

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Key Questions Answered in the Report

In 2021, the global attained a volume of around USD 38 billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 5.4%.

The major market driver is the need for organisations to modernise and update their current systems and procedures, lessening operating costs, and enhancing decision-making in industries.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Some of the leading players in the industry are Schneider Electric SE, Rockwell Automation, Inc., Emerson Electric Co., Siemens AG, and ABB Ltd.

Analyst Review

The global process instrumentation market reached a value of about USD 38 billion in 2021 and is projected to grow at a CAGR of around 5.4% in the forecast period of 2022-2027. The treatment plants can function productively, safely, and cost-effectively through the alarm signals incorporation with the help of efficient instrumentation. The global process instrumentation industry report comprises segments based on application, end-use, and regions. Globally North America is reported to be holding the largest market share, followed by the Asia Pacific. The role of process instrumentation services in the overall rise of competence of services and the complete improvement of the value of services are propelling the worldwide process instrumentation market. Instrumentation is largely used and has become progressively crucial in the water industry since it is utilised for both monitoring and controlling the processes. The key market players are Schneider Electric SE, Rockwell Automation, Inc., Emerson Electric Co., Siemens AG, and ABB Ltd.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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