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Industrial Process Variable Instruments Global Market Report 2020-30: Covid 19 Impact and Recovery

Industrial Process Variable Instruments
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Starting Price : $4000 | Pages : 150 | Published : March 2020 | SKU CODE : 7377 | Format :


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The industrial process variable instruments market consists of sales of industrial process variable instruments and related services used to measure, control and record industrial variables such as temperature, flow, pressure, vacuum, combustion, level, viscosity, density, acidity, concentration, and rotation. The process variable instruments are used for measuring, displaying, indicating, recording, transmitting, and controlling industrial process variables. The industrial process variable can work mechanically, pneumatically, electronically, or electrically and comprises of instruments such as boiler controls, buoyancy instruments, chromatographs, and combustion control instruments.

The global industrial process variable instruments market was worth $100.78 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.36% and reach $133.88 billion by 2023.

The industrial process variable instruments market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East and Africa. In 2019, Asia Pacific was the largest region in the industrial process variable instruments market. North America is expected to be the fastest growing region in the industrial process variable instruments market in the forecast period.

The increasing demand for chemicals and oil and gas drives the growth of the industrial process variable instruments market. The industrial process variable instruments are used in oil and gas facilities for monitoring and controlling the operating conditions. The operating conditions are monitored to meet safety, environmental regulations, and to ensure stability in plant operations. The increased demand for oil and gas will require more production facilities to be set up, thus, increasing the demand for industrial process variable instruments. As reported by the International Energy Agency (IEA) in 2018, the per day production of oil is projected to be above 15 million barrels per day in 2040. Also, India Brand Equity Foundation (IBEF) predicts the demand for crude oil to reach 500 million tonnes by 2040 from 221.76 million tonnes in 2017 whereas the consumption for natural gas is stipulated to reach for natural gas 143.08 million tonnes by 2040 from 54.20 million tonnes in 2017. Thus, the growing demand for oil and gas holds a positive impact on the industrial process variable instruments market.

The complexity regarding the use of process variable instruments in the food industry restricts the growth of the industrial process variable instruments market. The process control instruments used in the food industry may contact the food product while monitoring temperature, pressure, level, and flow are required to be following the hygienic requirements designed to provide cleanable and healthy contact surfaces. Further, different food items produced require different temperatures, pressures, and sanitary requirements thus this leaves very little space for the manufacturers of industrial process variable instruments to add any extra advance features to the instrument while ensuring that it meets sanitary as well as operational requirements. Thus, the complexities of using the process variable instruments in the food industry restraints the growth of the industrial process variable instruments market.

The companies in the industrial process variable instruments market are investing in integrating the Internet of things technology (IoT) to process variable instruments. The industrial process variable instruments such as pressure, temperature, flow level monitoring and controlling devices are being integrated with IoT to increase their efficiencies and usage. For instance, Ambetronics Engineers Pvt. Ltd, an India based provider of gas detection sensors, process control instrumentation system, launched its RS485 to MQTT IoT smart module to remotely monitor industrial sensors, from the pressure to temperature, tank levels, flow, gas levels, etc. The module allows the real-time connectivity of data to the Ambetronics cloud and offline storage for recording the sensor data when the internet connectivity is unavailable.

In July 2019, Stratford-Cambridge Group, a Michigan based private equity firm specialized exclusively in the manufacturing sector with a particular focus on engineered products acquired Applied Instruments, Inc. company for an undisclosed amount. Through this acquisition, Stratford-Cambridge Group mainly focuses on smaller, industrial companies in the Midwest, and sees organic growth opportunities with Applied Instruments Inc. that would expand its client base to other parts of the USA, Canada, and Mexico. Applied Instruments, Inc. manufacturer of RF test and measurement equipment focused primarily on the satellite, CATV, and off-air broadcast sectors of the telecommunications industry.

Major players in the market are ABB Ltd., Emerson Electric Company, Honeywell International Inc., Schneider Electric SE, Siemens AG, Ametek Inc., Applied Instrument Technologies Inc., Applitek NV, Arizona Instrument LLC and Aventics GmbH.

The major players in the global industrial process variable instruments market are ABB Ltd., Emerson Electric Company, Honeywell International Inc., Schneider Electric SE, Siemens AG, Ametek Inc., Applied Instrument Technologies Inc., Applitek NV, Arizona Instrument LLC, Aventics GmbH, Union Park Capital, Hach Company, LAR Process Analyzers AG

The countries covered in the global industrial process variable instruments market report are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia

The Global Industrial Process Variable Instruments Market is segmented:
1) By Type: Temperature, Pressure, Level, Flow, Others

    1. Executive Summary

    2. Industrial Process Variable Instruments Market Characteristics

    3. Industrial Process Variable Instruments Market Size And Growth

    3.1. Global Industrial Process Variable Instruments Historic Market, 2015 - 2019, $ Billion

    3.1.1. Drivers Of The Market

    3.1.2. Restraints On The Market

    3.2. Global Industrial Process Variable Instruments Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

    3.2.1. Drivers Of The Market

    3.2.2. Restraints On the Market

    4. Industrial Process Variable Instruments Market Segmentation

    4.1. Global Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    Temperature

    Pressure

    Level

    Flow

    Others

    5. Industrial Process Variable Instruments Market Regional And Country Analysis

    5.1. Global Industrial Process Variable Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    5.2. Global Industrial Process Variable Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    6. Asia-Pacific Industrial Process Variable Instruments Market  

    6.1. Asia-Pacific Industrial Process Variable Instruments Market Overview  

    6.2. Asia-Pacific Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    7. China Industrial Process Variable Instruments Market  

    7.1. China Industrial Process Variable Instruments Market Overview  

    7.2. China Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

    8. India Industrial Process Variable Instruments Market  

    8.1. India Industrial Process Variable Instruments Market Overview  

    8.2. India Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    9. Japan Industrial Process Variable Instruments Market  

    9.1. Japan Industrial Process Variable Instruments Market Overview  

    9.2. Japan Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    10. Australia Industrial Process Variable Instruments Market  

    10.1. Australia Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    11. Indonesia Industrial Process Variable Instruments Market  

    11.1. Indonesia Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    12. South Korea Industrial Process Variable Instruments Market  

    12.1. South Korea Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    13. Western Europe Industrial Process Variable Instruments Market  

    13.1. Western Europe Industrial Process Variable Instruments Market Overview

    13.2. Western Europe Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    14. UK Industrial Process Variable Instruments Market  

    14.1. UK Industrial Process Variable Instruments Market Overview

    14.2. UK Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    15. Germany Industrial Process Variable Instruments Market  

    15.1. Germany Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    16. France Industrial Process Variable Instruments Market  

    16.3. France Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    17. Eastern Europe Industrial Process Variable Instruments Market  

    17.1. Eastern Europe Industrial Process Variable Instruments Market Overview

    17.2. Eastern Europe Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    18. Russia Industrial Process Variable Instruments Market  

    18.1. Russia Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    19. North America Industrial Process Variable Instruments Market  

    19.1. North America Industrial Process Variable Instruments Market Overview

    19.2. North America Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    20. USA Industrial Process Variable Instruments Market  

    20.1. USA Industrial Process Variable Instruments Market Overview

    20.2. USA Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    21. South America Industrial Process Variable Instruments Market  

    21.1. South America Industrial Process Variable Instruments Market Overview

    21.2. South America Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    22. Brazil Industrial Process Variable Instruments Market  

    22.1. Brazil Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    23. Middle East Industrial Process Variable Instruments Market  

    23.1. Middle East Industrial Process Variable Instruments Market Overview

    23.2. Middle East Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    24. Africa Industrial Process Variable Instruments Market  

    24.1. Africa Industrial Process Variable Instruments Market Overview

    24.2. Africa Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

    25. Industrial Process Variable Instruments Market Competitive Landscape And Company Profiles

    25.1. Industrial Process Variable Instruments Market Competitive Landscape

    25.2. Industrial Process Variable Instruments Market Company Profiles

    25.2.1. ABB Ltd.

    25.2.1.1. Overview

    25.2.1.2. Products and Services

    25.2.1.3. Strategy

    25.2.1.4. Financial Performance

    25.2.2. Emerson Electric Company

    25.2.2.1. Overview

    25.2.2.2. Products and Services

    25.2.2.3. Strategy

    25.2.2.4. Financial Performance

    25.2.3. Honeywell International Inc.

    25.2.3.1. Overview

    25.2.3.2. Products and Services

    25.2.3.3. Strategy

    25.2.3.4. Financial Performance

    25.2.4. Schneider Electric SE

    25.2.4.1. Overview

    25.2.4.2. Products and Services

    25.2.4.3. Strategy

    25.2.4.4. Financial Performance

    25.2.5. Siemens AG

    25.2.5.1. Overview

    25.2.5.2. Products and Services

    25.2.5.3. Strategy

    25.2.5.4. Financial Performance

    26. Key Mergers And Acquisitions In The Industrial Process Variable Instruments Market

    27. Industrial Process Variable Instruments Market Trends And Strategies

    28. Industrial Process Variable Instruments Market Future Outlook and Potential Analysis

    29. Appendix

    29.1. Abbreviations

    29.2. Currencies

    29.3. Research Inquiries

    29.4. The Business Research Company

    29.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 3: Global Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 4: Global Industrial Process Variable Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 5: Global Industrial Process Variable Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 6: Asia-Pacific, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 7: China, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 8: India, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 9: Japan, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 10: Australia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 11: Indonesia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 12: South Korea, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 13: Western Europe, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 14: UK, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 15: Germany, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 16: France, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 17: Eastern Europe, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 18: Russia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 19: North America, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 20: USA, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 21: South America, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 22: Brazil, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 23: Middle East, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 24: Africa, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Table 25: ABB Ltd. Financial Performance
  • Table 26: Emerson Electric Company Financial Performance
  • Table 27: Honeywell International Inc. Financial Performance
  • Table 28: Schneider Electric SE Financial Performance
  • Table 29: Siemens AG Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2015-2019, $ Billion
  • Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 3: Global Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 4: Global Industrial Process Variable Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 5: Global Industrial Process Variable Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 6: Asia-Pacific, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 7: China, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 8: India, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 9: Japan, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 10: Australia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 11: Indonesia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 12: South Korea, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 13: Western Europe, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 14: UK, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 15: Germany, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 16: France, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 17: Eastern Europe, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 18: Russia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 19: North America, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 20: USA, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 21: South America, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 22: Brazil, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 23: Middle East, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 24: Africa, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
  • Figure 25: ABB Ltd. Financial Performance
  • Figure 26: Emerson Electric Company Financial Performance
  • Figure 27: Honeywell International Inc. Financial Performance
  • Figure 28: Schneider Electric SE Financial Performance
  • Figure 29: Siemens AG Financial Performance
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